Topic: Bitcoin after the pandemic - page 11. (Read 4279 times)
Small investors increased all over the world due to the pandemic and in fact, the monetary aid made by the states due to the pandemic became a source of crypto money and most of the people have lost their jobs, and people are trying to make money with stocks as weel as people have experienced cultural change.
While the pandemic being over and brick & mortar stores opening up again would definitely be a huge net positive for the markets in general, it's not like going back to normal would undo all the quantitative easing that has occurred.
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.
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.
Bitcoin largely just traces what tech stocks do these days and in the same proportion for the most part. March 2020, the market got hammered and bitcoin along with it. Since all the QE since then, bitcoin is up about 5x, the same as the volatile tech stocks that are mostly in the 4-5x range. It hasn't differentiated itself and acted as a "safe haven" any more than tech stocks have, which are definitely not a safe haven.
The pandemic helped the cryptocurrency market in a major way for sure, but it also helped highlight the various major issues related to popular cryptocurrencies like BTC and ETH.
Many cryptocurrency investors including me these days prefer using altcoins like LTC and XRP due to the fast TX times and low fees in order to avoid the high fees and long TX times associated with BTC and ETH.
Overall, rising prices and market cap sound great, but we need to focus on minimizing these issues through solutions like the LN, Bech32 addresses etc.
Many cryptocurrency investors including me these days prefer using altcoins like LTC and XRP due to the fast TX times and low fees in order to avoid the high fees and long TX times associated with BTC and ETH.
Overall, rising prices and market cap sound great, but we need to focus on minimizing these issues through solutions like the LN, Bech32 addresses etc.
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.
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.
I think this question is difficult to answer, since we cannot know the future 100%. But if now the United States and other countries are printing money in order to hold back their economies, then part of this money will go to BTC and other cryptocurrencies, which means that they will grow in price. As for the pandemic, after its end there is a possibility that money will be needed and many will start selling cryptocurrency, which will accordingly lead to a drop in prices. Again, this is my assumption and everything can happen in a completely different way. In any case, you need to always be on the lookout and if something happens to have time to react correctly.
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.
It really depends if you subscribe to the theory of a Super Cycle or regular cyclic movement of the market. If the SC theory is correct, then Bitcoin will continue to rise even after the Pandemic is over, but the Pandemic itself is just one of the factors involved in it, and I would argue it has the smallest contribution. So far the market has not shown any unpredictable rises, nothing that can't be contributed to the systemic push towards legalization of Bitcoin and more institutional investments. Did people start using crypto more during the pandemic? I don't think they did, I just think this is more the reflection of the rise of bitcoin and will probably drop significantly when the price corrects itself.
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.
Bitcoin will grow more than now, especially if many new people still use bitcoin and try to make money from bitcoin. Maybe we will see those people try to trade to make money or do something that can make them make money. After a pandemic, people will not just have a chance to use digital money from their country but can have the opportunity to have a new type of investment. I am sure that will have a big impact on the market because we can see many new people will see the market is a big chance to make money., so they will following previous people to trade. I think that will be a positive signal for bitcoin and altcoin as people will see that the cryptocurrency will not just have bitcoin but there is altcoin that can help them earn bitcoin as a profit. 
I would not worry about that because I don't expect to see this pandemic going away any time soon and I even saw that Guardian is writing articles that we need pandemic-like events every two years to reduce CO2 emission. 
So with all this anti-CO2 agenda, that btw we all bread out and plants use to live, we can see something like restrictions for Bitcoin mining that can affect BTC more than pandemic.
Unrelated to pandemic, printing record amounts of dollars and other fiat currencies is happening and that is good for Bitcoin.
So with all this anti-CO2 agenda, that btw we all bread out and plants use to live, we can see something like restrictions for Bitcoin mining that can affect BTC more than pandemic.
Unrelated to pandemic, printing record amounts of dollars and other fiat currencies is happening and that is good for Bitcoin.
Im not sure that people will leave crypto after pandemic. They liked their earnings too much
We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017. Pandemic had it own positive to the market because of the contact of effected fiat but I think that isn't the case now because reduction of cases and so many means of avoiding the spread including social distance.
Therefore it can't be all reasonable that covid-19 is pushing up the price of the market but big investors are in the market because of the awareness level of decentralized system and blockchain.
Halving was a big major reason why it increased, but the pandemic played an involuntary part on the increase as well. We have to see what it is and we can say that it is actually something that would be actually quite good for bitcoin and all the other markets as well. I say that halving played a role, pandemic played a role, elon played a role, grayscale played a role, microstrategy played a role as well.Therefore it can't be all reasonable that covid-19 is pushing up the price of the market but big investors are in the market because of the awareness level of decentralized system and blockchain.
Basically everything in the world played a role so there is really nothing that would be shocking and they are all parts of bitcoin and that is why I think we can't say that "this was the reason" or "this wasn't the reason" they all played a role together and all increases are part of each of them.
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.
Exactly, there are many people now who involved with cryptocurrency in this pandemic. Before pandemic, they don't even know how it works and what it actually is. Pandemic played a great role here to spread it. New joined maximum people is known Bitcoin as a bullish thing which will make them profit anyway after some days. But they don't know the real thing which can be happened anytime. After pandemic, hopefully they will see the real scenario of Cryptocurrency. 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.
Yes, the pandemic was a factor indeed on why Bitcoin's price went up, however, it would be the other factors like the ones you mentioned above, the US stocks and also the elections, and up until now, it is still moving, although it would be much better after the pandemic, once people can move much smoother, Bitcoin could go either way.
In the midst of pandemic, Bitcoin has taken its new ATH incredibly, many say that 2017 may repeat, but I think not, the circumstances are different today, and in these times it cannot be compared, what can give a better result is When the pandemic is completely eradicated, at that moment the price of Bitcoin can give a new ATH due to emotions, because the investments that are going to be made have a higher level of confidence than for many, bitcoin represents.
Some have diversified into Bitcoin and Gold, and when normal conditions begin they will not hesitate to buy more, at least many have more confidence in btc than in the same FIAT money.
Some have diversified into Bitcoin and Gold, and when normal conditions begin they will not hesitate to buy more, at least many have more confidence in btc than in the same FIAT money.
We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017...
Hey, you've got a point there... it was indeed after a year when the bull run happened and it's almost the same thing right now... But does this means we are to expect that bitcoin will have to hold on the 40-50k range of value for the upcoming 3 years? Or it really might reach that 100k this year?
Hmmmm, so to sum up pandemic was really a help on this event,...
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.
Pandemic has been rough for everybody, and we find it hard to find solutions especially in the beginning where we all adjust and don't know what to do. Bitcoin has been there for us; it was a choice for us if we're gonna use it or not. In this pandemic, a lot of people have relied on bitcoin and used it for a while now. So if ever everything come's back to normal, I doubt that bitcoin will be affected negatively about it, since bitcoin is not really for the pandemic use only, and I believe a lot of people will realize this.
I feel like the pandemic has made more people conscious of their investments. Not sure if its because of rising inflation, increased unemployment or out of sheer boredom due to being in lockdown but it seems like more people become interested into stocks and crypto. In my circle, a number of which joined in during this pandemic. The GME and r/wallstreetbets fiasco which happened a few months ago also sparked the interest for others, not only into US stocks but for crypto as well (as the members tried to deviate from control of institutions). This has made me think that the pandemic has brought about new users in the cryptospace.
But - I don't see the price of Bitcoin reacting to the end of the pandemic. Only new users flocking especially because of the institutional interests, which is not related to the pandemic.
But - I don't see the price of Bitcoin reacting to the end of the pandemic. Only new users flocking especially because of the institutional interests, which is not related to the pandemic.
You are surely over-crediting the pandemic as the main reason/factor why Bitcoin suddenly became bullish during the start of the outbreak when in fact the bullish period for Bitcoin was long overdue on its market cycle. Let's not forget that during March when the COVID-19 started to affect everyone even Bitcoin was affected together with the stocks and other equities its just that Bitcoin quickly recovered and that is when it gained momentum. The things you are saying right now that people are starting to recognize Bitcoin is just coincidental on the bullish period as this is when new comers starts to buy Bitcoin in order for them to participate, this happened during 2017 and is happening again now.
Indeed, the pandemic that brought most of the underdeveloped countries on its knees really did a lot to help spread knowledge about bitcoin and altcoins. This is because, as people lose money from this pandemic, most of these people would clearly search for other alternatives to save and grow their assets or even just to earn money since plenty of people also lost their jobs.
Now, in regards to the things that may happen to bitcoin and this industry once everything gets back to normal is truly hard to predict. But the way I see it, since bitcoin has already successfully made its self widely know to many people, I think that things going back to normal would have a good effect for bitcoin. Since a lot of crypto projects that were paused due to this pandemic will get to return and continue their pending projects. Plus since knowledge about this industry has already been widely spread all throughout the world, mass adoption will get faster and faster.
Now, in regards to the things that may happen to bitcoin and this industry once everything gets back to normal is truly hard to predict. But the way I see it, since bitcoin has already successfully made its self widely know to many people, I think that things going back to normal would have a good effect for bitcoin. Since a lot of crypto projects that were paused due to this pandemic will get to return and continue their pending projects. Plus since knowledge about this industry has already been widely spread all throughout the world, mass adoption will get faster and faster.
. Now I wonder, what will happen to Bitcoin once the pandemic is over?
Maybe from an economic point of view there will indeed be a little change, if the pandemic ends, they will return to the initial round before the pandemic. But are they sure they can leave bitcoin just because the pandemic is over? I disagree when they come only to seek fiat protection from an economic crisis at a time of pandemic, and flee to the home of Bitcoin.
It cannot be denied that there are 2 factors. the first point, bitcoin will be abandoned, or the second point, they fall in love with bitcoin and say "pandemic or not we are very sorry because we did not know bitcoin from the start".
Ok, before the pandemic, people drank CoCa~Cola every day, but due to the pandemic and challenges with the production of Coca~Cola ...they experimented with other cooldrinks and they found Pepsi ( A lot cheaper and less sugar ) ...so they switched to Pepsi (this is just hypothetical and explanatory and not actually like this)
There is a difference with Bitcoin. The people in your example switched to Pepsi, because they found out that it is better than Coca-Cola. They would switch to pepsi, whether they were on a quarantine or not. On Bitcoin, what made everyone buy it is the trillions that were printed last year. People didn't just wake up and said "Hey look, a safe heaven!". They realized that the dollar was rabidly inflated by a lot!
The pandemic is mostly the cause of those 9 trillions. Thus, it's the cause for Bitcoin price's abrupt increase. But yes I think you're right, even if the pandemic is over, it won't affect Bitcoin that much.
[Note: Pepsi found difficulties with the pandemic too, not just Coca-Cola]
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.
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.
I see it like this ....
Ok, before the pandemic, people drank CoCa~Cola every day, but due to the pandemic and challenges with the production of Coca~Cola ...they experimented with other cooldrinks and they found Pepsi ( A lot cheaper and less sugar ) ...so they switched to Pepsi (this is just hypothetical and explanatory and not actually like this)
So what will happen after the pandemic is over and millions of people have "converted" to Pepsi? Do you think they will go back to Coca~cola or will they stay with the (cheaper and more healthy) drink?
Disclaimer : The Coca~cola / Pepsi scenario is far from actual facts, it was just used to explain how "Fiat" vs "Bitcoin" would transition, once the pandemic is finished... I could have used Kodak film and digital cameras as an example, with the same result.
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