Did Covid19 effected bitcoin positive or negative?

lepbagong

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Quote from: Kusman on December 06, 2020, 09:30:54 AM

apparently positively effected. Although it fell to $ 3000 in panic at first, it now goes up to 19800. Perhaps such a rise would not have happened without covid-19.

all can have different opinions and that's okay to add to the insight that we continue to update.
maybe I don't agree with you, friend, about the covid-19 that you say affects bitcoin. Before the outbreak of the Covid-19 pandemic, bitcoin from 2018 had indeed decreased and it is clear that it has nothing to do directly with Covid-19. Likewise about this increase, whether due to the influence of Covid-19, I think it is too risky to say that.

Bitcoin and pandemic do not directly affect each other because they are clearly different, maybe people say that with the pandemic people stay at home and continue to be more active in crypto, I don't think so. because people are already troubled by a pandemic and the need to be prepared for everything has made them confused. only those that are well established may not be directly affected by the pandemic and can do things more at ease.

ardentvolcanoes

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Quote from: lulumiya on December 06, 2020, 06:47:32 AM

covid-19 has had a positive impact on the crypto money market and continues to do so. At this time, people are looking to invest more. We can say that this increases the prices.

With more people who shown their interest to invest the market seen a good rise in value, with this virus people's fear lead them to find alternative

ways to invest their money, one good place that they've found is this crypto market, where they have chances to earn if they start to study and learn

the process. That's effect the entire market as there are many newcomers to start investing.

Kusman

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apparently positively effected. Although it fell to $ 3000 in panic at first, it now goes up to 19800. Perhaps such a rise would not have happened without covid-19.

Question123

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Quote from: Iranus on December 06, 2020, 08:17:05 AM

The price of Bitcoin has risen further since the coronavirus outbreak, and the price of Bitcoin has not risen as much over the past two years as it has this year. The coronavirus has also led to an increase in Bitcoin users, who have been on home quarantine for months, and people in countries where cities have been locked up have had the opportunity to learn about Bitcoin during this leisure time, and many have invested on Bitcoin. So, I think the attack of coronavirus was not able to stop the speed of biopsy.

This is also what Im thinking because people is home only they need to find a job and that is online and maybe majority of them are fount the bitcoin and they start investing and trade so the value of the price rise.

This outbreak helps us to up the bitcoin again but suddenly there is a lot of people died so corona virus have good and bad effects for the people.

They have chance also because of the Pandemic others sold their coins because they need money for their daily needs but majority of the result of outbreaks to the bitcoin is good.

Nhor1011

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I think, the pandemic has a positive effect in bitcoin because during the quarantine period, many people are inside their house and they can only use internet and gadgets to know about everything including cryptocurrency. Because of these circumstances, many people choose to work online just to survive hard times. Covid 19 became a way for others to learn and start using bitcoin to make money. This pandemic has increased the demand for bitcoin and many rich people are also now attracted to invest in it due to the positive output from bitcoin towards the community.

Iranus

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The price of Bitcoin has risen further since the coronavirus outbreak, and the price of Bitcoin has not risen as much over the past two years as it has this year. The coronavirus has also led to an increase in Bitcoin users, who have been on home quarantine for months, and people in countries where cities have been locked up have had the opportunity to learn about Bitcoin during this leisure time, and many have invested on Bitcoin. So, I think the attack of coronavirus was not able to stop the speed of biopsy.

Noctis Connor

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I think Covid-19 has had a positive impact on bitcoin, the price of bitcoin dropped in the early days of the coronavirus attack but it recovered very quickly. Did you notice, Bitcoin prices continue to rise despite the Corona outbreak? Now the price of Bitcoin has reached new ATH despite the Corona outbreak around the world.

Yeah it is because some of businesses are need to close temporary because of pandemic and some of those who works are needs some funds to support them selves from the financial problem that we need on our daily needs , as of me i don't have work at the moment so i get so funds from selling bitcoins maybe some of them are starting selling their coins too for money for some daily needs that needs to be done, and now people are recovering that now bitcoin is highly price though.

lulumiya

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covid-19 has had a positive impact on the crypto money market and continues to do so. At this time, people are looking to invest more. We can say that this increases the prices.

Luzin

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Quote from: aysha9853 on December 06, 2020, 04:32:27 AM

will still follow its positive trends if large companies continue to enter it until governments in various countries recognize it

If you look at the regulatory phenomenon around the world, I think they actually know. You can see it here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. However, some countries do intentionally prohibit, legally within limits and legalize it. They have different thoughts, because currently there is no possible regulation of the agreement between the two countries.

Banulit

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Seeing how bitcoin still manages to maintain a very positive trend/graph amidst of pandemic is a good indication that covid-19 even really messed up the whole world still have positive contribution most especially to the crypto-world. One big contribution of this covid to the cryptoworld and most especially to bitcoin is many people acknowledge and now using bitcoin and crypto as mode of payment and transaction knowing that online transaction is mostly being used recently due to pandemic period.

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Quote from: The cure on December 06, 2020, 06:09:37 AM

We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.

LoL. It is not 100% the reason why bitcoin goes up. The correlation of covid 19 in bitcoin seem to be far since there are many alternative ways to earn online not just in cryptocurrency. However, there is also a chance that people see bitcoin as earning and turn their eyes in trading. But I don't think that covid 19 brings positive in btc because the economy really affected. And gold as well as dollars goes down that made btc declined lasts quarter of the year. I believe what paypal announced is the main factor affect the current btc price.

The cure

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We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.

Travel Standard

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I think bitcoin was impacted positive by COVID19. As far as i know that friends and also me started our business through bitcoin because of COV-19. This was a chance to step up by buying cryptocurrency specially bitcoin. Because offices are stopped, colleges and real world market has been closed down. The only way we can invest is bitcoin buying. Because order is stay at home.

aysha9853

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I disagree with Covid19 and it will continue for the next 5 years and have a lockdown effect, world pharmacies have also discovered the Covid19 vaccine and it has been circulating in various countries, I don't think it will continue to Covid19 and I hope I will never experience something like that again, bitcoin has Covid19 or not, will still follow its positive trends if large companies continue to enter it until governments in various countries recognize it

Robi12

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Quote from: marcous on November 29, 2020, 05:54:19 AM

The existence of Covid or the absence of Covid that is currently pandemic will not have an effect on the price of Bitcoin I guess. After the Halving Bitcoin always goes up, And this cycle has happened. Even when a pandemic like this Bitcoin still exists and provides benefits. And Bitcoin has pioneered various digital currencies with the same value as fiat.

Coronavirus is still an epidemic all over the world and I think this epidemic coronavirus has not affected the buying and selling of cryptocurrencies yet and will not fail because this epidemic corona virus has nothing to do with this cryptocurrency when the price of cryptocurrency will fall No one will be able to say it will increase because cryptocurrency moves at its own pace

BlogIcoReview1

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I would say bitcoin didn't effect covid-19 because Bitcoin covid-19 day by day increasing and many many business person first choices of Bitcoin only way to excellent profit Bitcoin. In the mean time, Bitcoin is the most top 19 best valuable property in the world.

CarnagexD

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I would say it did not heavily affected bitcoin despite the surge of interest in it during the pandemic crisis. Millions of people lost their jobs and have sought for ways to make ends meet, unfortunately a huge majority of these people don't have liquid assets in them that they can use to purchase cryptos so they are stuck in a loop wanting to get in to the bitcoin train but cannot due to the lack of funds, and this sums up the majority of the people who blew the internet traffic with their bitcoin related searches because let's be honest here, the people who already had the funds to buy crypto or already have their own cryptocurrencies in the first place is not worrying about this.

posi

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Quote from: Tahsin Kabir Kollol on December 05, 2020, 12:50:56 PM

The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously.

To be sincere, the pandemic crisis affected every business or investment setting not excluding Bitcoin although it indirectly affected Bitcoin through new investors who are affected by economic meltdown/job lost, they are eager to get back their loses and what they are doing is simultaneously cashing out their profit for fiat (this activities ard done most on Paypal) thats the reason why we havent make a new ATH price.

ajochems

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Quote from: Wesleyeric on November 28, 2020, 12:48:13 PM

I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her transactions even when the countries are not in a good state.

The price of bitcoin had the answer for you.Because the price of bitcoin had reached a value of 19k$ again and after 2017.My personal opinion is because of the corona. May be the money take the hidden place as cryptocurrency. It may be cause of sudden increase in bitcoin price over and high maximum.My opinion is Covid influenced the bitcoin positively.

Tahsin Kabir Kollol

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The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously. Investors, on the other hand, have increased their value and popularity by investing in Bitcoin during this epidemic. During the coronavirus epidemic, people became interested in learning and understanding cryptocurrency through online business and the exchange of goods or services, which led to an awareness of the use of Bitcoin, chose to invest in it as a source of income and encouraged its use.

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