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Topic: Bitcoin after the pandemic (Read 4211 times)

member
Activity: 534
Merit: 19
September 14, 2021, 10:12:38 AM
The epidemic has a small impact on Bitcoin. When the epidemic broke out all over the world, it did not stop people's enthusiasm for buying Bitcoin. The epidemic did not spread on the Internet or the blockchain. People can still buy or sell their own bitcoins freely. Bitcoin, many people who have lost their jobs can continue to use Bitcoin to earn wealth! This is exciting!
Lol no. Pandemic really helps Bitcoins appreciation. Aside from having extra income through day trading, many people learned about it in lockdowns. They learned the importance of having less contact to money to avoid the spread of virus and thats where digital money kicks in. This pandemic also helps the printing spree that leads to high inflation rate and this is where digital assets saves you. Bitcoin as a store of value helps you save without the risk of inflation.
member
Activity: 530
Merit: 10
September 14, 2021, 09:18:55 AM
The epidemic has a small impact on Bitcoin. When the epidemic broke out all over the world, it did not stop people's enthusiasm for buying Bitcoin. The epidemic did not spread on the Internet or the blockchain. People can still buy or sell their own bitcoins freely. Bitcoin, many people who have lost their jobs can continue to use Bitcoin to earn wealth! This is exciting!
that is a contradicting statement. First you say this pandemic has had little impact on bitcoin. secondly you said a lot of people lost their jobs and used bitcoin to get rich. I agree more with the second statement, many people lose their jobs then they turn to crypto to make this job an alternative job. that means this pandemic has had a huge impact on bitcoin's popularity.
hero member
Activity: 2352
Merit: 593
September 14, 2021, 07:54:27 AM
The epidemic has a small impact on Bitcoin. When the epidemic broke out all over the world, it did not stop people's enthusiasm for buying Bitcoin. The epidemic did not spread on the Internet or the blockchain. People can still buy or sell their own bitcoins freely. Bitcoin, many people who have lost their jobs can continue to use Bitcoin to earn wealth! This is exciting!

True, but the pandemic has made bitcoin the most popular because people are now looking for ways to make money online. When we used to talk about bitcoin, they would immediately tell us that it was a scam and that it was used for illegal activities, but it has now been erased! They now see bitcoin as an investment because the price is so high and we want to earn one. Even after the pandemic, the price of bitcoin remains high, and most people want to invest in it.
jr. member
Activity: 43
Merit: 6
September 14, 2021, 04:26:13 AM
The epidemic has a small impact on Bitcoin. When the epidemic broke out all over the world, it did not stop people's enthusiasm for buying Bitcoin. The epidemic did not spread on the Internet or the blockchain. People can still buy or sell their own bitcoins freely. Bitcoin, many people who have lost their jobs can continue to use Bitcoin to earn wealth! This is exciting!
sr. member
Activity: 1316
Merit: 254
United Crowd
August 14, 2021, 07:03:12 PM
Bitcoin after this pandemic will maybe become more stronger. Many crypto currency experts has predicted Bitcoin will surpass the U.S dollars as the dominant form of global finance 29 years from now. Well it that was long enough to wait but this prediction can maybe put btc price to a new ATH before year end.
Global investors are busy withdrawing their investments in world stock exchanges during the outbreak of the corona virus (covid-19) pandemic.  Instead, they shift their investment from equities or stocks to bitcoin. The recent price increase has been exploited by those who have been investing in stocks or even other products to participate in transactions in crypto trading.  Because bitcoin has proven to be ineffective in the corona economic recession because its status as a safe haven asset class has been tested again.  no words give up for Bitcoin
sr. member
Activity: 1302
Merit: 250
August 14, 2021, 05:19:28 PM
It's true that many of the beginners know bitcoin during the pandemic. It is not without reason that they are looking for a side job from home by trading in the market. Even everyone can get to know bitcoin without age restrictions. I think even after the pandemic bitcoin is still victorious and growing even more. Many other coins also appeared.
this is a positive impact and makes the best use of the situation in all forms of events such as this pandemic.
they are looking for new alternatives for their survival. at least this is better than those who just continue to lament their fate during the pandemic.
indeed there is no guarantee for beginners to benefit directly here but at least they dare to try and get out of the zone that is not profitable for them
hero member
Activity: 1414
Merit: 574
August 13, 2021, 10:20:55 AM
It's true that many of the beginners know bitcoin during the pandemic. It is not without reason that they are looking for a side job from home by trading in the market. Even everyone can get to know bitcoin without age restrictions. I think even after the pandemic bitcoin is still victorious and growing even more. Many other coins also appeared.

I have known Bitcoin a few years ago but I do admit that the development of Bitcoin in my circle of friends has been very rapid since the pandemic came.  I remember very well that initially my friends were not interested in crypto and now 5 out of 10 of my friends already have their own portfolios.  I believe this will continue until the government will be forced to accept its presence even if it is only considered a commodity.
full member
Activity: 1484
Merit: 101
August 13, 2021, 09:15:05 AM
Bitcoin after this pandemic will maybe become more stronger. Many crypto currency experts has predicted Bitcoin will surpass the U.S dollars as the dominant form of global finance 29 years from now. Well it that was long enough to wait but this prediction can maybe put btc price to a new ATH before year end.

The number of companies closing their businesses, especially those in the financial sector, makes them choose to switch money to bitcoin, we can see this from various news stories on Bloomberg or Yahoo finance that continue to report on companies investing in bitcoin.
full member
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
August 13, 2021, 12:51:24 AM
During the initial days of pandemic bitcoin was under hard attack. The market was found to be low same as rest of the world market and othe forms of stock investment. Slowly it started to recover and as a result bitcoin started to progress when people started to know more about bitcoin.
Wait who attacks bitcoin ? why does become "Under Hard Attack"? i have not notices someone harder than FUDders attacking bitcoin then?

Quote
During the pandemic more volume of fresh money got into the market through the newbies. This got continued along with the positive news from large scale corporate companies. Now too the market is quite good with real growth caused out of better knowledge about the market and purpose of cryptocurrencies.
Yes there are plenty of new investors comes when the pandemic strikes , specially those who losses their Job in real life and wanted to find new profiteering on line.
full member
Activity: 826
Merit: 100
August 13, 2021, 12:35:16 AM
people nowadays tend to use digital currency ? what is it used for? I don't find people using digital currency except for digital assets only. even though today's technological developments are growing rapidly there are still few people who know digital currency.
Digital Currency is used for a wide variety of conveniences, either to avail or to pay for something. It could also be liquidated and be invested.
I think you misunderstood cause cryptos is one kind of Digital Assets the same thing as any Digital Product used to reach people and earn a result.
Bitcoin might not be mainstream, but the cashless transaction is relevant today. I think people use Digital Currency more than before.

Relative to the number of people who own crypto, the amount of people using it as a currency is practically immeasurable. It's because the vast majority of people who bought into it because of they hype did so because they were trying to get rich. That means holding it for price appreciation, not spending it.
considering the current conditions, digital transactions are indeed safer. actually bitcoin can answer the problem, but hit the problem of legality. until in the end bitcoin is only practically used as an investment or trade to make money, not as a means of payment. but at least during the pandemic, many people are familiar with bitcoin because of yesterday's hype
people say if bitcoin will grow while pandemic attack us. i think, people will use this word because they just play on crypto. i never heard in my place if bitcoin help them as good as it can.
and its not bad if user say if they still helped cause of bitcoin, im sure if there no effect give to user, unless they have anxiety on real life.
When the pandemic and bitcoin grew, we admit that many new people in the crypto world were lucky, but besides that, many of them were frustrated. Those who are lucky will certainly adore bitcoin for changing their lives so suddenly. but despite the intervention of whales when a bullrun occurs, this is precisely what makes bitcoin more attractive with its fluctuations that are so pronounced
legendary
Activity: 1610
Merit: 1003
August 12, 2021, 06:13:21 PM
people nowadays tend to use digital currency ? what is it used for? I don't find people using digital currency except for digital assets only. even though today's technological developments are growing rapidly there are still few people who know digital currency.
Digital Currency is used for a wide variety of conveniences, either to avail or to pay for something. It could also be liquidated and be invested.
I think you misunderstood cause cryptos is one kind of Digital Assets the same thing as any Digital Product used to reach people and earn a result.
Bitcoin might not be mainstream, but the cashless transaction is relevant today. I think people use Digital Currency more than before.

Relative to the number of people who own crypto, the amount of people using it as a currency is practically immeasurable. It's because the vast majority of people who bought into it because of they hype did so because they were trying to get rich. That means holding it for price appreciation, not spending it.
considering the current conditions, digital transactions are indeed safer. actually bitcoin can answer the problem, but hit the problem of legality. until in the end bitcoin is only practically used as an investment or trade to make money, not as a means of payment. but at least during the pandemic, many people are familiar with bitcoin because of yesterday's hype
people say if bitcoin will grow while pandemic attack us. i think, people will use this word because they just play on crypto. i never heard in my place if bitcoin help them as good as it can.
and its not bad if user say if they still helped cause of bitcoin, im sure if there no effect give to user, unless they have anxiety on real life.
full member
Activity: 1008
Merit: 141
August 12, 2021, 03:31:38 PM
The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.
Judging from the madness that is still happening in many developing countries, i am sure this pandemic will not end, we will live side by side with it forever.  Bitcoin will remain the favorite of investors, the bitcoin trend will not subside.  we will continue to see people talking about bitcoin and trying to invest in it during this pandemic.
hero member
Activity: 2926
Merit: 722
August 12, 2021, 03:30:53 PM
In my opinion, if the covid 19 pandemic ends, the economy will recover, as well as bitcoin which will continue to grow and develop in a better direction, because during the pandemic many people have been involved.
and feel the benefits of bitcoin although with different goals.

Bitcoin already recovered pretty much, I guess that can be said with certainty. Yes it is not back at its ATH, but come on it is still remarkable where we are at now. As for the economy, that remains to be seen and is not a thing that will become obvious or evident within a year or two. A big crash can also come with a massive delay, maybe even five years until the system collapses because it was overburdened with debt during the pandemic. Debt that is going to greatly exceed any economic growth as most of the debt was put into speculative assets that only increase value on paper, but are not contributing to real economic growth the same way investments in R&D would probably do.
We cant really even sure that we do really blame out corona virus pandemic had been the reason on why the market had plummet out considering that we are almost 2 years on this pandemic situation but the

the price hadnt really go down that much (28k) as far as i remember which i can say that time was the best time for you to get in because if we do consider or check out the current price then we could definitely say

that we are really reaping off profits now and i dont really see for this pandemic situation had affected that much the crypto market specially directly with Bitcoin.
legendary
Activity: 3164
Merit: 1213
August 12, 2021, 03:01:51 PM
During the initial days of pandemic bitcoin was under hard attack. The market was found to be low same as rest of the world market and othe forms of stock investment. Slowly it started to recover and as a result bitcoin started to progress when people started to know more about bitcoin.

During the pandemic more volume of fresh money got into the market through the newbies. This got continued along with the positive news from large scale corporate companies. Now too the market is quite good with real growth caused out of better knowledge about the market and purpose of cryptocurrencies.
sr. member
Activity: 1302
Merit: 250
August 12, 2021, 01:40:13 PM

In your statement, it is seems that you are emphasizing that this pandemic is the main reason why Bitcoin got spike its price value in the market, based on what I analyze your topic here. If ever it is true, I fully doubt that this pandemic has no relevant or connection into this pandemic of its price. But I can' t deny that a lot of the people in the whole world was definitely got interested to learned how to earn online and most of them realized that cryptocurrency is one of the effective way this matter anyway.
in fact some people or beginners are more familiar with bitcoin after this pandemic took place. this is not without reason because indeed everyone is affected both financially and in terms of the work they do is hampered. from there they started thinking about getting income without having to leave the house, and one of the simple reasons I think from there they know bitcoin.
indeed if you look in the mirror from there it seems like adopting bitcoin just because you are greedy and want to get money instantly, but that's how they initially knew bitcoin regardless of who wanted to learn or not here everything returned to their respective perspectives.
full member
Activity: 269
Merit: 100
The Standard Protocol - Solving Inflation
August 12, 2021, 12:56:26 PM
In my opinion, if the covid 19 pandemic ends, the economy will recover, as well as bitcoin which will continue to grow and develop in a better direction, because during the pandemic many people have been involved.
and feel the benefits of bitcoin although with different goals.

Bitcoin already recovered pretty much, I guess that can be said with certainty. Yes it is not back at its ATH, but come on it is still remarkable where we are at now. As for the economy, that remains to be seen and is not a thing that will become obvious or evident within a year or two. A big crash can also come with a massive delay, maybe even five years until the system collapses because it was overburdened with debt during the pandemic. Debt that is going to greatly exceed any economic growth as most of the debt was put into speculative assets that only increase value on paper, but are not contributing to real economic growth the same way investments in R&D would probably do.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
August 12, 2021, 12:22:38 PM
The end of the covid-19 pandemic is unpredictable.  The constant evolution of variants that are virtually impossible to fight off with a vaccine, almost Delta has done more harm.  The government of each country is looking for ways to prevent the epidemic from spreading in the community, almost investing a lot of human resources for this serious problem, leading to a shortage in both quantity and passive in re-administration.  economy.  .  It has been almost 2 years that covid attacked and destroyed the world.  But it doesn't seem to be over yet.  I think it will take a long time to recover in terms of human, economic, social and commercial.  Developing countries will take longer.  Bitcoin will be the fastest method of adoption to convert the passive to active state to increase the ability to recover quickly, limiting pressure on the authorities.
full member
Activity: 1092
Merit: 100
August 12, 2021, 11:50:48 AM
My thinking after pandemic bitcoin price and it's transection will normal. Because i think in pandemic situations Bitcoin and others cryptocurrencies popularity are increasing. Peoples are depending on online platform. Investment on Bitcoin is very profitable right now. So Huge people using, holding, treading bitcoin.I think it's popularity will increase more and more. So I believe that after pandemic Bitcoin will perform normally.
It is true that during the pandemic many activities are carried out online, such as studying and working. but these activities have nothing to do with bitcoin or cryptocurrencies. many people invest in bitcoin not because of the increasing popularity of online platforms, but because more and more people are realizing the importance of investing in difficult situations like these.
member
Activity: 285
Merit: 12
August 12, 2021, 09:05:45 AM
In my opinion, if the covid 19 pandemic ends, the economy will recover, as well as bitcoin which will continue to grow and develop in a better direction, because during the pandemic many people have been involved.
and feel the benefits of bitcoin although with different goals.
full member
Activity: 897
Merit: 101
August 12, 2021, 09:03:18 AM
i am still remember bitcoin price soar after US print infinite dollar to recovery economy activity. alot money looks like come to this market after that , and actually this pandemic give positive effect to crypto market.

Today I can say the pandemic is to an extent over in my Country and I don't think it has any adverse effect on bitcoin but a positive one, you can also check the market trend on Bitcoin to find out.
while many people start working from home since current pandemic , most of them find an alternative to earn money from online business. and maybe some of them know about bitcoin and crypto market and recognized it as good way to earn money. cryptocurrency trend since pandemic was pretty good and price growth smoothly.


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