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Topic: Bitcoin after the pandemic - page 6. (Read 4216 times)

member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
March 29, 2021, 06:19:00 AM
Bitcoin has been fairly famous since the beginning. However, its popularity has increased with the advent of pandemics. There has been a lot of changes in this period again and the bitcoin price has increased. Hopefully, its position will remain intact even after the end of the pandemic. Because people know and understand Bitcoin better than Pandemic. So it can be said that it will have both existence and location.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
March 29, 2021, 06:14:18 AM
Because of the pandemic, people are trying to go online now, most of the things and work made online so crypto adoption will be pretty easy right now. That's one of the advantages of a digital asset, they're trying to make a profit out of it and trying to join the hype made by some popular people like Elon Musk. This is the stepping stone of crypto to be the main asset of some institution and the good thing is, the government might take the opportunity especially the third world countries, might use it to pay debts.
School lessons have now become online so I think all areas of our activities in this pandemic are almost done in what way will this increase the adoption of greater crypto? well of course this is an advantage where many know about this lucrative crypto investment, can't stop thinking how they make more money here than real work, therefore bitcoin adoption has been implemented slowly by them, therefore we will know how is this performance to its fullest.

Currently, some governments still refuse, meaning that they are not yet fully integrated into crypto.
sr. member
Activity: 1414
Merit: 358
March 29, 2021, 05:56:26 AM
I do not know what will happen to the price of the bitcoin after we overcome the pandemic but one thing is for sure, the price action is the king. I do not have any predictions on what will happen and I always relying on the price action of the bitcoin. We are still in uptrend but there are few signs that a reversal may happen. It is is just a signs and there should be a confirmation first for us to see that bear market will finally happen. This pandemic may still happen for these past months but there are now countries who are recovering because of what happened. Hopefully the whole economy will finally overcome in order for the people to back in their normal lives and also for the some markets to become healthy again.
legendary
Activity: 1722
Merit: 1007
Degen in the Space
March 28, 2021, 02:19:53 PM
In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.
Now, 6 out of 10 of my friend in RL are already interested in bitcoin or other crypto assets and this is something that is much different from before.

I feel the same thing too. After several ATH times, the issue develops like a virus. Investing in Crypto is a new trend in my environment and they say that it is more profitable to invest in crypto than in stocks. Even investors in stocks are moving to Crypto because of the excellent news in the Crypto environment. They take a portion of the stock and convert it to Crypto. This is an interesting issue when it comes to a pandemic. In fact, I predict this trend will last until the pandemic ends.

My opinion is that the pandemic speeded up crypto adoption! It's not like crypto needed all this mess to make a progress, but locking down people in their homes pushed people into crypto! And I can't agree more with your words, while it's chaos in the world outside, crypto is flourishing... and that will not end with a pandemic! I believe crypto will continue with the adoption, therefore crypto will continue with making progress! We will see new all times high prices again!
Because of the pandemic, people are trying to go online now, most of the things and work made online so crypto adoption will be pretty easy right now. That's one of the advantages of a digital asset, they're trying to make a profit out of it and trying to join the hype made by some popular people like Elon Musk. This is the stepping stone of crypto to be the main asset of some institution and the good thing is, the government might take the opportunity especially the third world countries, might use it to pay debts.
legendary
Activity: 3164
Merit: 1175
March 28, 2021, 01:08:20 PM
In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.
Now, 6 out of 10 of my friend in RL are already interested in bitcoin or other crypto assets and this is something that is much different from before.

I feel the same thing too. After several ATH times, the issue develops like a virus. Investing in Crypto is a new trend in my environment and they say that it is more profitable to invest in crypto than in stocks. Even investors in stocks are moving to Crypto because of the excellent news in the Crypto environment. They take a portion of the stock and convert it to Crypto. This is an interesting issue when it comes to a pandemic. In fact, I predict this trend will last until the pandemic ends.

My opinion is that the pandemic speeded up crypto adoption! It's not like crypto needed all this mess to make a progress, but locking down people in their homes pushed people into crypto! And I can't agree more with your words, while it's chaos in the world outside, crypto is flourishing... and that will not end with a pandemic! I believe crypto will continue with the adoption, therefore crypto will continue with making progress! We will see new all times high prices again!
legendary
Activity: 2618
Merit: 1181
March 28, 2021, 01:03:34 PM
-snip-
That would be cool, mate. However, you should also know that the current circulating supply of bitcoin also plays an important role in investor confidence. Many institutional investor today buy bitcoin and then hold them, knowing that if bitcoin were scarce then the price would be very high.

I feel the same thing too. After several ATH times, the issue develops like a virus. Investing in Crypto is a new trend in my environment and they say that it is more profitable to invest in crypto than in stocks. Even investors in stocks are moving to Crypto because of the excellent news in the Crypto environment. They take a portion of the stock and convert it to Crypto. This is an interesting issue when it comes to a pandemic. In fact, I predict this trend will last until the pandemic ends.
It seemed they were quite panicky when they found out that bitcoin had risen quite high. Now everything is clear and you will also see how bad they never believed in bitcoin before today.
hero member
Activity: 1414
Merit: 574
March 28, 2021, 12:26:31 PM
In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.
Now, 6 out of 10 of my friend in RL are already interested in bitcoin or other crypto assets and this is something that is much different from before.

I feel the same thing too. After several ATH times, the issue develops like a virus. Investing in Crypto is a new trend in my environment and they say that it is more profitable to invest in crypto than in stocks. Even investors in stocks are moving to Crypto because of the excellent news in the Crypto environment. They take a portion of the stock and convert it to Crypto. This is an interesting issue when it comes to a pandemic. In fact, I predict this trend will last until the pandemic ends.
legendary
Activity: 2436
Merit: 1853
Leading Crypto Sports Betting & Casino Platform
March 28, 2021, 12:02:46 PM
In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.
Institutional investor are one of the many reason why this year's ATH is different from the previous ATH. The growing wave of institutional investor has led many to believe that bitcoin will be much more capable of hitting a high price and perhap $100K. People's awareness of bitcoin as a future asset as well as a store of value has strengthened, this is the expected support for bitcoin. Now, 6 out of 10 of my friend in RL are already interested in bitcoin or other crypto assets and this is something that is much different from before.

You are right, it is also very possible that other large ones, such as Amazon, will join the market and it was also speculated that Apple could enter, if this is the case we could see a much greater increase in the market, usually the large ones like Elon Musk he has bet heavily on Bitcoin even though his shares are down 50%, if someone with as much influence as him has trusted Bitcoin and has not paid as much attention to his own actions even though his advisers have recommended selling his Bitcoin, has a clear vision of the currency, this means that what can come will be a large increase in price much better than the ATH of almost $60k. I'm very hopeful based on PlanB's prediction model  S2F.
legendary
Activity: 2618
Merit: 1181
March 28, 2021, 11:47:53 AM
In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.
Institutional investor are one of the many reason why this year's ATH is different from the previous ATH. The growing wave of institutional investor has led many to believe that bitcoin will be much more capable of hitting a high price and perhap $100K. People's awareness of bitcoin as a future asset as well as a store of value has strengthened, this is the expected support for bitcoin. Now, 6 out of 10 of my friend in RL are already interested in bitcoin or other crypto assets and this is something that is much different from before.
legendary
Activity: 2436
Merit: 1853
Leading Crypto Sports Betting & Casino Platform
March 28, 2021, 11:29:46 AM
Since more people switch into the crypto currency because of covid 19 pandemic because they lost their job and that's the reason why they trust bitcoin as one of the best way to earn alternative money and maybe because of that bitcoin will become more expensive and more popular after the pandemic.

There is a great variety of things that have happened, one of the things is that the demand has increased in the casinos and betting houses, this helps in part to make Bitcoin move much more, also some gold investors have migrated to Bitcoin Such is the case of the son of Peter Schiff, and recently the president of the FED when in one of his statements he said that Bitcoin could replace Gold, despite its high volatility and lack of support.

In addition, this year has been very controversial, we have seen a new ATH in the midst of a pandemic, this is something unpredictable, many never bet on Bitcoin in a world event of this style where what was most pronounced was panic, despite this, the Investor confidence has gained ground.

In a zero pandemic scenario, I think that Bitcoin could reach much higher levels in price than it is now.
full member
Activity: 868
Merit: 108
March 28, 2021, 10:35:34 AM
Since more people switch into the crypto currency because of covid 19 pandemic because they lost their job and that's the reason why they trust bitcoin as one of the best way to earn alternative money and maybe because of that bitcoin will become more expensive and more popular after the pandemic.
sr. member
Activity: 1526
Merit: 332
★Bitvest.io★ Play Plinko or Invest!
March 28, 2021, 08:03:46 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.

How do you know that it was the reason for Bitcoin bull run?
Maybe it was because more and more people started to trade as an hobby, maybe the liquidity from stock market little by little started to come in bitcoin space. People often want to have story behind certain events and this seems like that.

Well, I think he has a point, this pandemic helps Bitcoin to reach what it is now, not the main reason, yes but one of a factor. Remember when pandemics hit, the stock market got really hit hard and some investors from it find another way to save their money and Bitcoin somehow became a safe haven of some sort. And now they have seen the potential, adoption continues until big institutions and prestigious person like Elon Musk starts to invest with it. You also have a point there like the liquidity from the stock market started to come in Bitcoin. It is more likely a chain I think.
full member
Activity: 490
Merit: 123
March 28, 2021, 07:17:04 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.

How do you know that it was the reason for Bitcoin bull run?
Maybe it was because more and more people started to trade as an hobby, maybe the liquidity from stock market little by little started to come in bitcoin space. People often want to have story behind certain events and this seems like that.
legendary
Activity: 2898
Merit: 1823
March 28, 2021, 05:46:21 AM
I think not much will change about Bitcoin and crypto in overall. There will still be huge issues to fix after pandemic ends. Many people aren't employed anymore. There is huge wealth and welfare loss. Countries are gonna have hard time to fix all of it. So devaluation will keep going. Bitcoin will stay stronger than past. Many people from poor countries realised importance of Bitcoin.


You believe there’s not much? But a lot has changed. Michael Saylor, Elon Musk, and other business institutions are starting to HODL Bitcoin, with government institutions, and central banks planning to be next. They might be hedging, or planning to hedge against what might be coming. Inflation. Plus Bitcoin will be a household name. Cool
full member
Activity: 1330
Merit: 121
Next Generation Web3 Casino
March 27, 2021, 12:32:57 PM
The fact that it is very difficult for countries to get out of the economic crisis is completely incomprehensible, but the difficulties will be overcome for a long time to come. Due to the pandemic, as well as due to strict quarantines, a large number of businessmen lost their business because they could not cover the losses. This also weighs heavily on the economies of many countries. Based on this, cryptocurrencies will only increase their influence in the world and every government will soon agree with this.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
March 27, 2021, 12:22:07 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.

in my opinion it was not the pandemic that brought all this great interest that bitcoin is having, it was the bitcoin halving that made people start not to sell bitcoin frequently because they had seen what always happened with bitcoin halving in the past, with less people wanting to sell bitcoin the price started to rise a lot and then came the paypal announcement that caused the bitcoin price to start to increase a lot, then elon musk with his twitters.

Now I wonder, what will happen to Bitcoin once the pandemic is over?

it will have little effect on the price, bitcoin is supported by companies like paypal and elon musk, I also heard that visa and mastercard are not criticizing bitcoin... even if the pandemic ends the bitcoin price it will not fall as much as in the past

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 will not be as in 2019 and when the pandemic ends it will not negatively affect bitcoin. as i said few people are willing to sell bitcoin so the price will not fall much after the pandemic
full member
Activity: 1218
Merit: 112
March 27, 2021, 11:27:58 AM
Coronavirus had a negative impact on financial institutions all over the world. Export and import had fallen sharply and many economies suffered a lot. As the most traditional options of investment had rendered unprofitable, so investors have turned to bitcoin. Consequently, the price has started rising sharply. Now, bitcoin has been the talk of the town everywhere.
legendary
Activity: 2758
Merit: 1228
March 27, 2021, 07:59:39 AM
I think not much will change about Bitcoin and crypto in overall. There will still be huge issues to fix after pandemic ends. Many people aren't employed anymore. There is huge wealth and welfare loss. Countries are gonna have hard time to fix all of it. So devaluation will keep going. Bitcoin will stay stronger than past. Many people from poor countries realised importance of Bitcoin.

Don't look for unemployed people since majority of them doesn't know about bitcoin so just expect that they experience that since they didn't explore the bitcoin yet, Maybe try to focus on the positive happening which gives bitcoin a good boost since imagine who will think that we can cross at $60k+ while the pandemic is on so expect after this that we can possibly see more since imagine if all people are capable to buy bitcoin from that provably we can see it reach to 6 digit figure.
legendary
Activity: 2898
Merit: 1823
March 27, 2021, 07:23:20 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.


Bitcoin was on the path to becoming a household name, with or without the pandemic.

Quote

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.


In the U.S., once the pandemic is over, and the economy opens up, there will be INFLATION after the trillions in money printing for stimulus packages, which a large part of that was sent directly to people’s bank accounts. Bitcoin will exploit it, and it’s possible that it might break the cycle, and enter an extended bull market for the first time.
hero member
Activity: 3052
Merit: 606
March 26, 2021, 05:07:17 PM
Quote
I honestly think that pandemic has nothing to do with Bitcoin’s parabolic growth. Financial institutions are the ones who already see the potential of Bitcoin, and that’s why they’ve started buying plus the promising growth of DeFi and NFTs combined.

Whether if we are under pandemic or not, Bitcoin’s adoption and usage would continue to rise no matter what the price would be. Just saying.
Pumping and dumping of bitcoin price does not depend on pandemic to increase and decrease in the market. What bitcoin users experienced during the pandemic concerning the  increased of bitcoin price that led many people to achieved Massive profit during the process of covid-19, is not by pandemic than the handwork of supply and demand that caused the bullish in the market.
Bitcoin even before pandemic has already been increasing its value every year and when this pandemic happens, people started to open their minds about bitcoin since online transactions is more encouraged than making fiat transactions in order to reduce the spread of virus. And when big institutional investors started to invest in bitcoin too during this time of pandemic, it gives more positive outcome on bitcoin. And i think even when this pandemic ends, bitcoin will continue to have a bright future since people have already build trust on it.
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