Bitcoin vs covid 19? - page 3. | Bitcointalksearch.org

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Covid-19 pandemic pushed the people to get more involve in digital currency and it help the demand of bitcoin increased. But if you talk about the covid vaccine, it has no impact on bitcoin because government buy the vaccine through/using fiat currency and not bitcoin or other digital currency.

The vaccine has no direct relation to bitcoin.

But the vaccine to have a direct connection to the economy of most countries, there's relativity that we can find from it. You're misunderstanding about purchasing of vaccine.

It's not about buying it through fiat or bitcoin but about the effect of it through the economy that shall also have the impact on the cryptocurrency market.

tanjiran

full member

Activity: 770

Merit: 113

Quote from: ?? on ??

After 100% vaccination the world might slowly be back to normal. It will start the daily activities, out door trip, and of course the economy growth. And what about Bitcoin? Of course people will have more money and might invest in Bitcoin, but I assume it cannot pump the price aggressively. Bitcoin has its own system and has a team working behind the scenes. Covid 19 has nothing to do to increase or dump Bitcoin price unless done purposely in coincidence way.

Vaccine is one of the keys to success to get out of this prolonged pandemic. Hopefully herd immunity will be formed soon and we can return to normal activities. Hopefully there will be no more conspiracy, so that this vaccination can run optimally.

based on my experience, since this pandemic many of my friends have joined crypto, some have also asked me to teach them. this is a result of the difficulty of making money offline, many offices being closed, trading activities restricted, etc. so they look for alternative jobs online. If generalized, this pandemic also has a positive impact on the development of bitcoin, where more and more people know and are familiar with the cryptocurrency ecosystem.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: BobK71 on August 17, 2021, 02:26:12 AM

The pandemic has disrupted lives across all countries and communities and negatively affected global economic growth in 2020 beyond anything experienced in nearly a century. While the pandemic caused several commodities and assets to lose their value, the cryptocurrency market, on the other hand, was found immune to coronavirus. From approximately $7000 in March 2020 to more than USD 54,000 to date, Bitcoin has boomed and astonished the whole world. The green signal that cryptocurrency has given through Covid-19 is unbelievable.

Don't forget that the pandemic and the growth of bitcoin isn't just the reason, the pandemic also coincide with the halving in 2020 which is proven to pump the prices when it happens, which it really did. I think you're right about it being immune to the effects of the pandemic although I hope that it won't change when the pandemic is over.

spyderbilt

member

Activity: 320

Merit: 10

Quote from: Rosi02 on January 21, 2021, 05:06:09 AM

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?

actually there is no effect whatsoever for bitcoin related to the covid vaccine. In my opinion, what can be stable is the world economy, not crypto. in my country crypto is not affected by anything and continues to run as before there was covid

Tabassum810

newbie

Activity: 13

Merit: 1

In my opinion.As people are starting to understand the value of bitcoin, it's demand is only going to increase.Some of the sources of funds used were stimulus funds. Bitcoin has become an investment tool during the pandemic.And here the vaccine was created nearly half a year ago and we have been seeing price of btc go up from that time so it is clear that COVID vaccine isn’t really impacting the market.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: BobK71 on August 17, 2021, 02:26:12 AM

From approximately $7000 in March 2020

not 7000$ instad 4000$ level that month of 2020 and that records the lowest from the last halving value since 2017 .

Quote

to more than USD 54,000 to date, Bitcoin has boomed and astonished the whole world. The green signal that cryptocurrency has given through Covid-19 is unbelievable.

again it is 64,000 not 54,000 .

sorry to ask but where have you find your data? it looks like all are not accurate , simply checking coinmarketcap https://coinmarketcap.com/ will show you the data you need to learn and share.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: BobK71 on August 17, 2021, 02:26:12 AM

The pandemic has disrupted lives across all countries and communities and negatively affected global economic growth in 2020 beyond anything experienced in nearly a century. While the pandemic caused several commodities and assets to lose their value, the cryptocurrency market, on the other hand, was found immune to coronavirus. From approximately $7000 in March 2020 to more than USD 54,000 to date, Bitcoin has boomed and astonished the whole world. The green signal that cryptocurrency has given through Covid-19 is unbelievable.

It's because crypto doesn't care about government/bank schemes! And all this covid shit is nothing more than a scheme! Bitcoin, and some other coins, boomed because people are realizing that crypto is a more fair system, an alternative to this shity system that makes rich people richer, while all others are slaves! And with this covid they show their true face once again, the big ones are richer, the poor ones are in an even worse position than ever!

I don't wish to be "brainwashed", and like many others, I choose decentralized crypto instead! This number will rise because these fiat holders are going crazier every year, with all their tricks and schemes! And it's not like conspiracy theory anymore, they are looking us in the eyes and they are lying to us! That shit got to stop!

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

The pandemic has disrupted lives across all countries and communities and negatively affected global economic growth in 2020 beyond anything experienced in nearly a century. While the pandemic caused several commodities and assets to lose their value, the cryptocurrency market, on the other hand, was found immune to coronavirus. From approximately $7000 in March 2020 to more than USD 54,000 to date, Bitcoin has boomed and astonished the whole world. The green signal that cryptocurrency has given through Covid-19 is unbelievable.

Vaskiy

legendary

Activity: 2646

Merit: 1106

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: famososMuertos on August 16, 2021, 04:54:34 PM

Quote from: Keila Faith Villanueva on January 26, 2021, 10:20:13 PM

.../quote/...:when the virus is removed. inflation will be lessened. but at the same time, people may gather together to talk about these coins and then more interested in them..who knows?

It has nothing to do with meetings talking bitcoin, in fact, if something the covid has done that can be measured positively, it is that it has managed to make the online world serve as a bridge between many activities (offline) that were previously believed to be not as efficient if they were performed online.

On the other hand, bitcoin has already shown that certain global situations do not affect it in the short term, but a rumor, tweet, etc. influences it, when someone from the niche or the world of cryptocurrencies expresses themselves positive or negative.

Good about bitcoin is its connective function which gives access to do it of your own without moving to the bank and other financial service centers. This is really good, and people gathering to discuss and talk about bitcoin doesn't look fair. Global markets aren't good, but slowly recovering.

Earlier when there isn't less access for different discussion system online we reached offline. Now gathering is the major thing that is causing cluster formation. To completely get out of covid-19 it takes years, and until then it is our responsibility to keep ourselves secure.

Qikiye

jr. member

Activity: 700

Merit: 1

Bisq Market Day - March 20th 2023

On the eve of Corona, the Bitcoin market has grown much faster than before.Analyzing the reasons for this, it is seen that people of different countries of the world are losing their jobs and living in captivity during Corona.They are working with Bitcoin directly and indirectly on different sites in different ways sitting at home. As a result, the popularity of Bitcoin has increased day by day.

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

Quote from: Keila Faith Villanueva on January 26, 2021, 10:20:13 PM

.../quote/...:when the virus is removed. inflation will be lessened. but at the same time, people may gather together to talk about these coins and then more interested in them..who knows?

It has nothing to do with meetings talking bitcoin, in fact, if something the covid has done that can be measured positively, it is that it has managed to make the online world serve as a bridge between many activities (offline) that were previously believed to be not as efficient if they were performed online.

On the other hand, bitcoin has already shown that certain global situations do not affect it in the short term, but a rumor, tweet, etc. influences it, when someone from the niche or the world of cryptocurrencies expresses themselves positive or negative.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Rb48 on August 16, 2021, 11:08:59 AM

In fact, what I think is that covid-19 has not had any effect on bitcoin but has brought a lot of good news for bitcoin.Because of this coronavirus, people have now increased their transactions in Bitcoin, which has increased the demand for Bitcoin. The demand for Bitcoin will increase further in the future.

It did an effect.

But that effect showed positive impact to itself. We thought that it's going to be bad and negatively affected due to pandemic.

Well, that was a thought that probably have been in the minds of most because every situation that we're in, we're thinking already the outcome of it if it's good or bad and good thing, we're wrong on this one.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: terrorJR on August 16, 2021, 01:40:34 PM

Quote from: Mr.sprin on June 03, 2021, 08:15:28 AM

In my opinion, the presence of the covid 19 vaccine has no effect on bitcoin, all of us know bitcoin does not depend on others, in 2017 there is no covid but the price of bitcoin is going up and now there is a corona outbreak the price of bitcoin is going up so I don't think covid 19 has an effect on bitcoin.

the causes of 2017 and now are not interrelated even if the vaccine doesn't affect bitcoin but 2017 is a different matter.
it is true that with the vaccine or not bitcoin will not be affected by it because the function of the vaccine itself is to reduce the risk of contracting this virus and it does not mean that with the vaccine we are completely free from the virus and forget about bitcoin. Of course the concept is not like that.
bitcoin will still be as it is and now the trend is good and even if the vaccine spreads and is used everywhere bitcoin will not be affected clearly and significantly

Why people are really fan on tagging up bitcoin into world events or situations that we are facing?it might indeed affect most of countries economy but i dont see for it on mainly affecting Bitcoin or crypto market as a whole.

We do even see that bitcoin did really make out some significant rise on the first year of that covid pandemic which we can really say that it isnt a viable reason on why we do see some declines.

Some people or investor tend to cash out for their needs but there were people whom do tend to hold up for future gains or profits.

Gbniman

member

Activity: 84

Merit: 10

The most successful crypto asset, being Bitcoin, possesses several characteristics that pose advantages and disadvantages in the financial markets. Digital convenience ensures the safety and ease of use for Bitcoin users, while decentralization also poses a primary benefit. Extreme volatility and the impact of negative externalities on the value of Bitcoin contribute to the assessment of Bitcoin trends in the market. The recent outbreak of the coronavirus (COVID-19) has shown evidence of influencing Bitcoin prices as the virus is spread across continents, leaving the global financial environment in turmoil. The classification of Bitcoin as a hedge is dependent on various factors, including global economic uncertainty.

terrorJR

sr. member

Activity: 1302

Merit: 250

Quote from: Mr.sprin on June 03, 2021, 08:15:28 AM

In my opinion, the presence of the covid 19 vaccine has no effect on bitcoin, all of us know bitcoin does not depend on others, in 2017 there is no covid but the price of bitcoin is going up and now there is a corona outbreak the price of bitcoin is going up so I don't think covid 19 has an effect on bitcoin.

the causes of 2017 and now are not interrelated even if the vaccine doesn't affect bitcoin but 2017 is a different matter.
it is true that with the vaccine or not bitcoin will not be affected by it because the function of the vaccine itself is to reduce the risk of contracting this virus and it does not mean that with the vaccine we are completely free from the virus and forget about bitcoin. Of course the concept is not like that.
bitcoin will still be as it is and now the trend is good and even if the vaccine spreads and is used everywhere bitcoin will not be affected clearly and significantly

Jawadu

jr. member

Activity: 222

Merit: 8

Bounty Campaign Manager

Quote from: Rosi02 on January 21, 2021, 05:06:09 AM

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?

I don’t think at the moment Covid-19 could again bring as much harm to Bitcoin as the first explosion period. I say this because I remember Bitcoin dropped to $5000 when Covid-19 started, I would say many traders got scared that time after seeing so many businesses closing and that is why even the Bitcoin market collapsed because everyone started selling their Bitcoin quickly because of fear!

But right now we're trying to see Covid-19 as a normal disease so that we can be brave and keep working so that we can not die for hunger! So I don't think it will have the power to scare us to the point of undermining the Bitcoin market once again.

Rb48

jr. member

Activity: 154

Merit: 1

In fact, what I think is that covid-19 has not had any effect on bitcoin but has brought a lot of good news for bitcoin.Because of this coronavirus, people have now increased their transactions in Bitcoin, which has increased the demand for Bitcoin. The demand for Bitcoin will increase further in the future.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: Rosi02 on January 21, 2021, 05:06:09 AM

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?

we have entered almost 2 years since covid 19 appeared but we can see the price of bitcoin remains high even creating new ath
bitcoin with its decentralized nature makes the bad effect of panic from covid 19 non-existent

even from the data we can see on google that the search for bitcoin remains high during this pandemic
bitcoin is the magic of this century

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: Qirtov on August 16, 2021, 08:36:21 AM

Seen from previous events when the covid-19 pandemic was at its peak, bitcoin was affected but this did not last long.

No, Bitcoin was not affected and from the historical data of the market trend, it was when the pandemic was at its peak that the institutional investors believe cryptocurrency is the best alternative for them to have a profitable investment no matter the stats of the world economy.

Quote from: Qirtov on August 16, 2021, 08:36:21 AM

Even now you can see the development of bitcoin with the case of covid-19 which does not show any changes to each other. Maybe the change is the number of people who join or participate in cryptocurrency due to the implementation of restrictions on activities outside the home.

Yes, crypto gained more traffic and the best change is that private companies now acknowledge the benefit of crypto investment.

Qirtov

jr. member

Activity: 121

Merit: 1

Seen from previous events when the covid-19 pandemic was at its peak, bitcoin was affected but this did not last long. Even now you can see the development of bitcoin with the case of covid-19 which does not show any changes to each other. Maybe the change is the number of people who join or participate in cryptocurrency due to the implementation of restrictions on activities outside the home. Bitcoin investment can be an option during a pandemic like this because you can do it anywhere and anytime as long as your network supports it.

Topic: Bitcoin vs covid 19? - page 3. (Read 1746 times)