Bitcoin after the pandemic - page 10.

btc78

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Quote from: BlackHatCoiner on March 05, 2021, 02:43:21 AM

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.

Totally agreed that your country is in Big debt not just from last year but for the alst couple of years, Printing Paper money is not the solution i believe.

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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.

The effect is like a Domino mate , people that learn the crypto is now spreading their Discoveries about cryptocurrencies , very specifically in Bitcoin in which like what you mentioned they are now Keeping the coins.

While they are keeping the funds , they are also encouraging others to invest and use bitcoin , so in the long run widespreading will constantly happen.

Negotiation

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The epidemic had a devastating effect on the country's economy with the country's economy declining per capita income people are living in many crises but there is no negative impact on bitcoin. The demand for bitcoin has increased due to the epidemic and crypto has improved a lot in the online world despite the economic downturn in the market the rise in the price of bitcoin has helped people overcome the crisis.

Yatsan

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Lets us just say that the pandemic help people realize and recognize the importance of getting into Bitcoin as well as into the cryptocurrency market after the crash that happen in the stock market all due to the negative effect of the pandemic in the economy of each and every country affected by the scenario. We are still into the pandemic and we are seeing such a great improvement happening into Bitcoin and other existing cryptocurrencies in the market and if ever this pandemic will turn out to be ended, surely people would still be into crypto for they have already been familiar and experience the benefits Bitcoin can provide to them.

skarais

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Meanwhile, Covid-19 is not over yet and will likely continue to exist with new name and strain. Almost all the health worker in my country have received the vaccine but I am sure the virus will remain because people have not received the vaccine.

As far as I can see, bitcoin has had a positive impact as long as covid hits the world. Had experienced a massive decline but recovered again until ATH was reached. Bitcoin and altcoin investor and trader have made huge profit during the bull market, bitcoin and altcoin have provided them with tremendous benefit and to be grateful. After this, bitcoin naturally continued to gain interest from institutional investor and increased adoption. This is good news for the growing trust and awareness of the wider community toward the freedom to manage their finance without a bank.

michellee

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Quote from: bussybuddy on March 08, 2021, 01:07:03 AM

Is bitcoin good at the moment? I think that's right, after the pandemic perhaps many people, or countries, will re-raise the issue of the importance of bitcoin to the economy. The pandemic is rebuilding for a better future, all the dread is over, and I think we are heading to the era of technology.

Yes, bitcoin is good because, at least, we can still earn money from bitcoin in many ways. When people do not have a job, they will search for other jobs to give them money to survive. Bitcoin gives them hope to make money, especially if they want to get involved in the bitcoin world. Maybe they need the courage to use bitcoin, so they will know how bitcoin can give benefits to them. When the pandemic is ended, they will have money and they can still survive.

tygeade

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Quote from: BlackHatCoiner on March 05, 2021, 02:43:21 AM

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.

The pandemic never helped Bitcoin, it only emphasized the value of cryptocurrencies and how useful they can be for digital transactions. People realized that moving forward why the use of cryptocurrencies is more viable which then helped the price eventually.

More projects are now being made on blockchain technology which also brings focus to the cryptocurrencies as well. Guys like Elon Musk are also pumping doge coins which might be rubbish but shows that they are interested in the crypto market and even manipulating them to an extent.

Overall now that the pandemic is almost over, I think we moved 10 years ahead of where we were in terms of digitalization as compared to before the pandemic, and hence the focus has shifted towards cryptocurrencies and blockchain technology.

satsmainman

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Quote from: bakasabo on March 08, 2021, 04:12:27 AM

I personally dont think that after pandemic, attitude towards bitcoin will be changed, as well as its development, adoption. Still too many people are dependable from fiat, and for most bitcoin is no safe heaven. Topic started mentioned printing money and made parallels to economy being in its down. But how then Bitcoin saved economy? Why bitcoin is a safe heaven? Because its price went up? Why not take then January-March 2020? Same pandemic situation and bitcoins price dropped to 4k. Was it a safe heaven back then?

Yeah, i would also like to detach BTCs value from the pandemic because clearly in the early days of the pandemic, BTC was still heavily dumped. My understanding is that the rate of BTC penetration among the populace is still very very low, so except if the government around the world can undo their mistakes from several decades that have contributed hugely to their poor economies, as long as the awareness on BTC keeps penetrating, its value will only keep surging high and higher.

MUHAMMAD NUR AMANAH

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After the pandemic I feel it will end somehow I myself still doubt when this situation will be as normal as it used to be, bitcoin after the pandemic I feel will not affect its ebb or even be better than ever, even if the pandemic has been an unfavorable circumstance for all people in any way, especially in the economic field it is clearly seen that economies are plaguing almost the world but not Affecting the market prices of bitcoins and proving that now there are more and more people who want to invest in bitcoins, and that is clearly what makes it tick, and my hope that the pandemic will soon be over and that it will be unaffected by the current corona virus pandemic

bakasabo

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I personally dont think that after pandemic, attitude towards bitcoin will be changed, as well as its development, adoption. Still too many people are dependable from fiat, and for most bitcoin is no safe heaven. Topic started mentioned printing money and made parallels to economy being in its down. But how then Bitcoin saved economy? Why bitcoin is a safe heaven? Because its price went up? Why not take then January-March 2020? Same pandemic situation and bitcoins price dropped to 4k. Was it a safe heaven back then?

Koro-Sensei

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Pandemic helped Bitcoin due to economic crisis that we all are experiencing right now. People saw the importance of having this technology where they can have transactions online and we already seeing some big countries printing so much money taht could lead to inflation rate being high. I believe many more would adopt and probably be entering up this new technology.

oleg8791

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Theoretically Bitcoin is the perfect solution for the inflation problem, in fact, the pandemic showed Bitcoin is still far from being the world currency.

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Is bitcoin good at the moment? I think that's right, after the pandemic perhaps many people, or countries, will re-raise the issue of the importance of bitcoin to the economy. The pandemic is rebuilding for a better future, all the dread is over, and I think we are heading to the era of technology.

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Quote from: BlackHatCoiner on March 05, 2021, 02:43:21 AM

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.

Are governments going to burn all of that money they printed? If the answer is no then the price of bitcoin most likely it is going to remain where it is, there is no turning back, the governments took a decision from where there is no return, and I think that smart people are understanding this which is why so much money came to bitcoin so quickly, people are preparing for the day in which the economy will go out of control and they will need to use bitcoin in order to save themselves from such chaos.

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Quote from: satsmainman on March 07, 2021, 08:27:06 PM

Although i would agree that the pandemic and the associated global lockdowns has in a way contributed to the spread of awareness on BTC and decentralization, i do not think the end of the pandemic would affect BTC in a negative angle rather it would contribute to make the awareness gets more matured as the technology adoption will begin to become more and more popular.

The adoption may not be just BTC but other cryptocurrencies as well. The pandemic may not really end this year or next, and so it will take a long time giving BTC the chance to be widely known. Making transactions through cryptocurrency could become a normal activity which by the end of the pandemic its not going to affect BTC anymore.

The normal we know before Pandemic wouldn't be the norm for the kids today, most if not all are just holding their gadgets to go school. Some of them will be comfortable that way and will probably continue the online school as well after this pandemic.

satsmainman

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Although i would agree that the pandemic and the associated global lockdowns has in a way contributed to the spread of awareness on BTC and decentralization, i do not think the end of the pandemic would affect BTC in a negative angle rather it would contribute to make the awareness gets more matured as the technology adoption will begin to become more and more popular.

AniviaBtc

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Quote from: mk4 on March 05, 2021, 02:49:02 AM

While going back to normal would definitely affect most US stocks positively, not really sure about bitcoin because some people might fomo back into stocks. Just a rough guess. I ain't selling though, as per usual.

Things can somehow go back to normal when people are just holding their coins, although most of the investors are doing it right now, we should see what will happen when things go back to normal. Also I think that this pandemic pushes bitcoin to bull run, not directly but there is a factor. But no matter what happens, I will just secure my coins, buy at low just like what we are doing. My mindset is to wait for my goal for bitcoin to reach $100k no matter how long it is depending on my situation. Being knowledgeable and open-minded in cryptocurrency investment and blockchain technology is really what keeps me to improve every single day. Hoping that this pandemic ends so that we can see how bitcoin will adapt to the market after "x" years of lockdown.

AndySt

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Quote from: tippytoes on March 07, 2021, 06:22:40 PM

Quote from: Ibrahim60 on March 07, 2021, 01:05:56 PM

In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

Indeed, the pandemic brought a lot of positives in the crypto market. We thought that bitcoin will continue to go down last March of last year, when the lockdown first started. But fortunately, it is the other way around. As months passed, people were stuck at their homes, nothing to do but stayed more online. And that's when halving occurred. And good things happened one after another. Up until big platforms announced their bitcoin buying as well as integration of crypto in their system like PayPal. This pandemic really did give positive impact to crypto. And we are still enjoying this up until now.

The whole question is how long this positive trend will continue and what will happen when the economy enters a phase of stabilization and such protective assets will not be so popular.
I perfectly understand and see why bitcoin is growing and should continue to grow further, but the question arises whether the pandemic has caused excessive growth of bitcoin and excessive overheating of the market, and whether we are then waiting for a drop in the exchange price several times as a result of an imminent correction.

tippytoes

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Quote from: Ibrahim60 on March 07, 2021, 01:05:56 PM

In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

Indeed, the pandemic brought a lot of positives in the crypto market. We thought that bitcoin will continue to go down last March of last year, when the lockdown first started. But fortunately, it is the other way around. As months passed, people were stuck at their homes, nothing to do but stayed more online. And that's when halving occurred. And good things happened one after another. Up until big platforms announced their bitcoin buying as well as integration of crypto in their system like PayPal. This pandemic really did give positive impact to crypto. And we are still enjoying this up until now.

Ibrahim60

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In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

XCANA

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Based on what we saw during the pandemic that collapsed the world economy to zero level, that make bitcoin price stable and steady through out the pandemic. The attitude of bitcoin price during the pandemic, show that before the end of this year 2021 bitcoin price will hit $100k. Many people join bitcoin investment base on what they saw for the one year covid-19 trouble the world economy, that was making bitcoin to pump as never before in the exchange market.
Bitcoin after pandemic will be great to those who believe so much on their personal research. Few months ago bitcoin price just hit $50k to show that this season we are is a good season to those who really believe on their investment. .

Topic: Bitcoin after the pandemic - page 10. (Read 4279 times)