Does Covid-19 affect On Bitcoins

[Kong Hey Pakboy]

Given how we changed our ways of working during the pandemic, I think that bitcoin did affect bitcoin, it's no coincidence that the big pump have gone up during the pandemic. Although it's not the only factor but it's still affected bitcoin.

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[btc78]

i think every investment instrument got affected with covid 19, if you can se march 2020 is very hard month when stock, fiat and even bitcoin had crash

world is affected and bitcoin had its first blood back in march 2020 , but faster recovery happens and this even made more high rewards than any investment in the world.
this climbs more than 100% from the lowest it goes last yeah.

maybe this thread asked too late and there is no even appropriate situation that can relate to covid19 and bitcoin now.

[imstillthebest]

i think it does have an effect in bitcoins and the effect can be good and bad  .  good because theres people that get involved lately because their life gets affected by the virus and bad baecause there are btc users that quits or sells their btc for some wealth because they got devasted by the virus .
btc will still be the same even if pandemic ends or not and yes not all people got involved in btc .

[Tahsin Kabir Kollol]

In my opinion, Covid-19  has had a positive impact on Bitcoin. The covid- 19 has caused worldwide stagnation, and in almost every case there has been a massive contraction in trade. As a result, people are investing their lazy money in cryptocurrencies, which are increasing the value of other cryptocurrencies, including Bitcoin. Moreover, in this critical time of the world, investing in cryptocurrency is being considered a safe and secure means. So in my opinion the Covid-19 situation has turned out to be a blessing for Bitcoin.

[sapnu]

I think it does have an effect but it does not directly affect bitcoin. Since everyone is adviced to stay at home due to the pandemic and the virus evolving into a more fatal one, investors have now more time to focus and analyze their investment. Some was able to spend most of their time during the lockdown mining and a significant change happened when the quarantine started last year wherein bitcoin was able to achieve consecutive new all time highs. The pandemic is a blessing in disguise yet it is still a nightmare for many specially those who are just barely surviving each day so let us not hope for the pandemic to last longer, we're all not in the same boat.

[raisajahan]

Covid-19 affected globally on every physical business but that impact has already affect on bitcoin. Because of global crisis many people have decided to sell their asset for operating their daily life where most of the organization cutoff the salary of the employees. So people sell their bitcoin even in a lower price than expectaion.

[Republikcoin.com]

Covid-19 affected globally on every physical business but that impact has already affect on bitcoin. Because of global crisis many people have decided to sell their asset for operating their daily life where most of the organization cutoff the salary of the employees. So people sell their bitcoin even in a lower price than expectaion.

This theory could actually be reversed, where we know that the price of Bitcoin reached its highest peak during the pandemic, even this is 3x the previous ATH. Everyone doesn't want to sell Bitcoin at a cheap price, they tend to buy it during a pandemic with the aim of being able to make a profit within a certain period of time. This profit will be used to eat and buy daily necessities.
There are still many people who do not panic when they have Bitcoin, especially people who have known Bitcoin for a long time. In fact, many people are willing not to sell their Bitcoin for this reason it is more valuable.

[JerryKin]

The pandemic gave Bitcoin a major popularity boost especially during the lockdown. Bitcoin served as one of the one ways to make money even from the comfort of one's home amid the ravaging virus. To some it was their only means of survival of the survival because the restriction at that moment

[Tigerheart3026]

although this covid-19 is a loss of people from all sides and economic loss of all countries btw this pandemic giving prosperity for btc lover because it’s highest rate hit in the covid-19 situation. so many benefited in the pandemic.

and market is stable in durning the pandemic situation. jobless people entering btc to earn money and i think people made a lot of transaction in btc.

[Yatsan]

On the first time that the pandemic have been announced and many countries have declared to state their countries into quarantine, many have panicked which have severely affected both crypto and stock market at the first week of the pandemic scenario. But as time goes by, crypto market have recovered so as Bitcoin who have dumped hard by that time is slowly going up for the reason that many of those who are into the stock market have transferred into the crypto market which affects the status of different crypto including Bitcoin itself. But as of now that pandemic is more than a year, Bitcoin still remains at the top with some dumps. But if this will continue further, we might see some effect on the status of Bitcoin given the circumstances caused by economic problem.

[kolonel_x]

if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.
2. bitcoin will be easy to pump, because many people are in bitcoin and they transfer assets to bitcoin.

these two points can be an early prediction of how the pandemic will affect bitcoin. but in my opinion the most important thing is how the correct pattern of bitcoin movement in the future is most important.

I don't think it's like that because if we look at the positive side of this pandemic, consciously or not, it will add interest from crypto itself so that crypto, especially bitcoin, actually benefits from this pandemic.
because we are just talking about facts when before the pandemic struck, if I'm not mistaken the price of bitcoin was only at $ 10k and after the pandemic hit the price of bitcoin shot up and not even bitcoin but altcoins also rose.
other than that, from what point of view do you think with this pandemic bitcoin will be very easy to pump?
when talking about bitcoin we certainly look at the decentralization and volatility that exists and to make a bitcoin pump it doesn't necessarily say pump is ready because this is very difficult.
apart from the fud and the negative news what makes you think to say that bitcoin is easy to pump?

[hazenyc]

if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.
2. bitcoin will be easy to pump, because many people are in bitcoin and they transfer assets to bitcoin.

these two points can be an early prediction of how the pandemic will affect bitcoin. but in my opinion the most important thing is how the correct pattern of bitcoin movement in the future is most important.

I don't think it's like that because if we look at the positive side of this pandemic, consciously or not, it will add interest from crypto itself so that crypto, especially bitcoin, actually benefits from this pandemic.
because we are just talking about facts when before the pandemic struck, if I'm not mistaken the price of bitcoin was only at $ 10k and after the pandemic hit the price of bitcoin shot up and not even bitcoin but altcoins also rose.
other than that, from what point of view do you think with this pandemic bitcoin will be very easy to pump?
when talking about bitcoin we certainly look at the decentralization and volatility that exists and to make a bitcoin pump it doesn't necessarily say pump is ready because this is very difficult.
apart from the fud and the negative news what makes you think to say that bitcoin is easy to pump?

Talking about a pattern for Bitcoin isn't making a lot of sense. I know you could show a graph now and tell me that in certain time intervals Bitcoin moves the same way again and again, but applying a pattern or trying to find a pattern for an unregulated area which has enormous potential impact on the global economy is just not reasonable.
Nobody knows what the regulatory environment will look like in 12 months from now, whether the banking lobby can achieve something that is bad for cryptocurrencies overall. We just don't know until our ideas and hopes become fact.

[5thFear]

Covid19 has affected bitcoin bigtime. It made more publicity for bitcoin then ever before. A lot of people who were just ignoring it had to embrace it as they were left with not much options. But once people, though forcefully, got to it are becoming much more comfortable with it. so despite all the bad effects on the rest of the world, covid has some good impression on bitcoin and other crypto currencies..

[Quidat]

Covid19 has affected bitcoin bigtime. It made more publicity for bitcoin then ever before. A lot of people who were just ignoring it had to embrace it as they were left with not much options. But once people, though forcefully, got to it are becoming much more comfortable with it. so despite all the bad effects on the rest of the world, covid has some good impression on bitcoin and other crypto currencies..

How can you say so?

When the pandemic had started, yes it does have some price decline but it isnt really directly giving out some big impact or make out some crash but later months we did really able to reach up all time high's instead.

People are more aware on what are the things trending online due to quarantine restriction which does even more helps about the exposure or awareness of bitcoins existence.
Now, we are gradually increasing in price and also with adoption rate too which it isnt surprising as we do go ahead in future years to come.

[CryptopreneurBrainboss]

Does Covid-19 affect Bitcoins?

I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

Lets look at this from two angles, we have the short term timeframe and that of the long term. Rewind to last February to march that the pandemic still has a huge presence in the economy mostly because it was just becoming a reality as many previously doubted the existence of the virus.

As people began realizing the authenticity of the virus, they began to panic and this affect all market not just that of Bitcoin. Well you could say the cryptocurency market was one of the most affected but all that now doesn't matter since it's also at the top of the charts in assets that had the greatest recovering and gave their investors huge returns on investment.

[KennyR]

Does Covid-19 affect Bitcoins?

I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

Lets look at this from two angles, we have the short term timeframe and that of the long term. Rewind to last February to march that the pandemic still has a huge presence in the economy mostly because it was just becoming a reality as many previously doubted the existence of the virus.

As people began realizing the authenticity of the virus, they began to panic and this affect all market not just that of Bitcoin. Well you could say the cryptocurency market was one of the most affected but all that now doesn't matter since it's also at the top of the charts in assets that had the greatest recovering and gave their investors huge returns on investment.

The market slowly moved to the recovery path, but majority of the users who are into the market knew well about the growth and understood it as the right time to invest. But the job cuts, pandemic sufferings made the people suffer out of the financial crisis which didn't allowed people to invest at the bottom. Further when the market slowly progressed money was flown in by the new participants of the market.

[mbe48]

The influence on Bitcoin can be seen from the price that continues to rise, due to high demand because during the pandemic many people lost their jobs so they turned to Crypto investments (making some people still trust their money to invest in Bitcoin). In addition, the security of investments or transactions through cryptocurrencies, especially Bitcoin, is considered quite guaranteed.

[lablab03]

I can say that there's an impact in the market coz of pandemic since more people lost their job and prefer to stay at home for their safety, i know the question is " how they know bitcoin?". Of course its possible to happen especially if most of your time is on the internet during the pandemic., and what's on your mind is "how to earn money online".. I know for sure that's the common search of some people who are stuck up for how many months coz of pandemic which just to have an income. So it's not surprising why during pandemic crypto market really improving well that time and unti now..

[kotajikikox]

With or without pandemic, people around the world will not know totally the good side of Bitcoin. Maybe some will hear about it but may not attracted to participate and try Bitcoin investment world. Yes, it would help the people but pandemic cannot influence the world easily to migrate or enter the digital world of business.

you are obviously wrong here , because bitcoin does already been affected by the pandemic and if you did not noticed since last year.
bitcoin price increase more than x10 just because of the pandemic and people around the world turns into bitcoin from fiat being afraid that economic crisis will happen from the pandemic effect.

The influence on Bitcoin can be seen from the price that continues to rise, due to high demand because during the pandemic many people lost their jobs so they turned to Crypto investments (making some people still trust their money to invest in Bitcoin). In addition, the security of investments or transactions through cryptocurrencies, especially Bitcoin, is considered quite guaranteed.

yes and people wants assurance and they found that in bitcoin or other crypto than banking and fiat.

[suzanne5223]

Does Covid-19 affect Bitcoins?

  I think Bitcoins will be still stable and nothing effects in Covid-19.

Bitcoin have proven long ago that the covid-19 don't have a negative impact on it price right from the early cases of the virus and if we check it only generate positive impact on Bitcoin market.

and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

Is not what we thought about the market but it's how the crypto currency market are governed though every market are somehow volatile in there own way but crypto are highly volatile in nature.