Topic: Did Covid19 effected bitcoin positive or negative? - page 2. (Read 1078 times)
Hundred percent it was positive for bitcoin because more and more people was into bitcoin and specially for the covid-19,lockdown and safety reasons.As well as this is easy to use and secure so this is heping bitcoin and crypto is helping people as well.
In my opinion, Covid19 has a positive effect on bitcoin because at this time cash transactions are not recommended and digital payments are more recommended, one of the options is bitcoin
and now also the effect of the pandemic, namely the financial crisis where there will be many people who are looking for the keyword "how to get money online" and there will be a bitcoin option in that keyword and will make many people interested in bitcoin
and now also the effect of the pandemic, namely the financial crisis where there will be many people who are looking for the keyword "how to get money online" and there will be a bitcoin option in that keyword and will make many people interested in bitcoin
I think this pandemic is the turning point for bitcoin to prevail in the market.
As we are staying at home, unemployed, and minding our assets in the market, bitcoin is really getting much popular right now.
Covid-19 really brings a positive and negative impact to many depending on their life status. Those who look for something profitable online will surely fine bitcoin on the list and if they engaged to it, then this is a good time for them to start and study it. But being straightforward, for me, Covid-19 really helped bitcoin to increase its popularity in the market and community.
As we are staying at home, unemployed, and minding our assets in the market, bitcoin is really getting much popular right now.
Covid-19 really brings a positive and negative impact to many depending on their life status. Those who look for something profitable online will surely fine bitcoin on the list and if they engaged to it, then this is a good time for them to start and study it. But being straightforward, for me, Covid-19 really helped bitcoin to increase its popularity in the market and community.
The adoption of Bitcoin is going up day by day but it’s not much like the way you have said it.
Yes, there are also so many people that are adopting Bitcoin for transactions, then there are also those that are just buying and buying lots of Bitcoin because of the bull run, they are not a bit interested in whatever else that Bitcoin has to offer, they are just for the bag.
If you ask me whether Bitcoin is gaining much adoption in terms of usage, I wouldn’t say the adoption in that area is much, rather they are just investors. And Bitcoin is not the only payment that is contactless.
Yes, there are also so many people that are adopting Bitcoin for transactions, then there are also those that are just buying and buying lots of Bitcoin because of the bull run, they are not a bit interested in whatever else that Bitcoin has to offer, they are just for the bag.
If you ask me whether Bitcoin is gaining much adoption in terms of usage, I wouldn’t say the adoption in that area is much, rather they are just investors. And Bitcoin is not the only payment that is contactless.
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Covid-19 has definitely had an impact on Bitcoin. in my opinion, it has had both positive and negative effects on Bitcoin. At the first phase of the coronavirus pandemic, the global economy collapsed badly, a lot of people become unemployed, and they had to spend idle time sitting at home.
If we look at last March we can see that the price of bitcoin fell below the 4000 quotas, the negative impact of covid 19 has led to such a fall in the price of Bitcoin.
While a lot of people gave their attention to Bitcoin while in quarantine, many have invested in Bitcoin for passive income because they were jobless. Then, as the world economy began to recover, Bitcoin emerged as a new venture with a large number of new investors and adopted countries.
If we look at last March we can see that the price of bitcoin fell below the 4000 quotas, the negative impact of covid 19 has led to such a fall in the price of Bitcoin.
While a lot of people gave their attention to Bitcoin while in quarantine, many have invested in Bitcoin for passive income because they were jobless. Then, as the world economy began to recover, Bitcoin emerged as a new venture with a large number of new investors and adopted countries.
We can see the big impact of the pandemic on Bitcoin. The first part of the pandemic caused the market to crash since most people panicked and some were forced to sell their crypto for emergency funds. Cryptocurrency is a good alternative for cash to avoid physical contact and transmission of virus thru fiat.
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.
Of course, bitcoin is one of the winners, but i think we won't see the real earnings until next year (2021)
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read as you can always relate to how you think might react in your investments.
You can even think that the COVID had a positive impact on the bitcoin and cryptocurrency market as a whole because the bitcoin market has risen to new levels and so does some of the top alts in the market and it might be because the financial system globally might see a recession and all the huge investors think that the cryptocurrency market can be used as an escape point and it is all because of the pandemic 
.and the market had moving sideways this is why it isn't really that good to rely with this kind of sentiment.
Crypto market doesn't really always reflect on whats currently happening on the world even though it is mainly connected to economic thing
but doesn't mean that it will always correlate.
So in the answer if its giving positive or negative then it would be in neutral since market isn't attached to anything.
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.
Well, that is true. We can see that even with this pandemic, bitcoin continues to grow and almost reached the price of its previous ATH. There are also more people who started using it to transfer funds as they prefer to do online transactions unlike before where they are comfortable using paper money.
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.
In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.
If only it was accepted in various food items and other services,it would have pump to a high price than it's.
During this crisis, a lot of people have their time to study more about cryptocurrency because they were stuck at their homes. And for searching another alternative to physical cash, a lot of them encounter the use of crypto. Though at first wave of covid, it affected crypto negatively but not long, it recovers again. And look at where we are right now, reaching again a new ATH. And with positive news coming from big companies like PayPal and Grayscale, who are continuously buying btc, people are now starting to realize that crypto is not a fraud at all. A lot of people are having that kind of perspective towards crypto. So in general, this pandemic brought a lot of positive impact to crypto and we are seeing it now in the market.
Covid has not affected Bitcoin and cryptocurrency in general but the whole financial market.
Bitcoin's positive effect from Covid is that Bitcoin was tagged as a possible safe haven for a pandemic and economic crisis like this happened in 2020. In 2020 alone, Bitcoin price pumped up from approximately 3,000+ to this December almost 20,000. More institutions have finally eyed and chosen Bitcoin as part of their portfolios as hedge for FIAT. More people tend to appreciate bitcoin and the cryptocurrency as a new way of money especially in this pandemic because physical cash can transfer the virus from one people to the other.
On the other hand, COVID-19 affected Bitcoin negatively only when it was in the 1st quarterly in the year when Bitcoin price dumped very hard with other finanicaassets to like gold, crude oil, even the forex market.
Bitcoin's positive effect from Covid is that Bitcoin was tagged as a possible safe haven for a pandemic and economic crisis like this happened in 2020. In 2020 alone, Bitcoin price pumped up from approximately 3,000+ to this December almost 20,000. More institutions have finally eyed and chosen Bitcoin as part of their portfolios as hedge for FIAT. More people tend to appreciate bitcoin and the cryptocurrency as a new way of money especially in this pandemic because physical cash can transfer the virus from one people to the other.
On the other hand, COVID-19 affected Bitcoin negatively only when it was in the 1st quarterly in the year when Bitcoin price dumped very hard with other finanicaassets to like gold, crude oil, even the forex market.
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read as you can always relate to how you think might react in your investments.
You can even think that the COVID had a positive impact on the bitcoin and cryptocurrency market as a whole because the bitcoin market has risen to new levels and so does some of the top alts in the market and it might be because the financial system globally might see a recession and all the huge investors think that the cryptocurrency market can be used as an escape point and it is all because of the pandemic . I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace.
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read as you can always relate to how you think might react in your investments. And just by looking at how BTC has performed since the pandemic we can see that not much has happened, if anything you could count this current bull market, showing the opposite of what was expected. By comparison institutional banks and every other business has suffered a lot, and this extends a little to stocks and shares but not so much to crypto.
I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace. In my understanding I don't relate covid-19 with the growth of bitcoin. Even if there is no covid-19 the same pattern of growth could've taken place.
In my personal view, the Covid-19 pandemic happened, affecting almost all industries in the world. However, I do see that only the crypto market is doing well with Bitcoin playing a major role, when the transaction happens, people tend to transact over the internet and the technology to buy or sell or shop with Bitcoin has a positive effect on Bitcoin and I think Bitcoin in Covid-19 will be number one in terms of security over other transactions.
Bitcoin was first affected negatively by Covid19. When the pandemic first spreaded, the financial system crash hard, and bitcoin could not escape from the shadow
However, pandemic also opens a gate for the digital era since people have to work on the internet more often due to the quarantine. Then, they realized that buying bitcoin is one of the best way to save their money from the pandemic, as well as the central banks and the finaicial system. They dont want to become a part of the centralization
However, pandemic also opens a gate for the digital era since people have to work on the internet more often due to the quarantine. Then, they realized that buying bitcoin is one of the best way to save their money from the pandemic, as well as the central banks and the finaicial system. They dont want to become a part of the centralization
With the recent news about Covid and Bitcoin, it seems like there are really no negative effects that Covid has done to Bitcoin because of the bullish trend as of now. But before, many people have adjusted and perhaps, lost their jobs due to the pandemic, it has affected mostly the financial aspect of our living especially our economy. With that, more people tend to pursue various online transactions and perhaps, found out Bitcoin as a great tool for transacting freely. I have mentioned the negative implication of Covid to Bitcoin and specifically for me, Covid made people budget their funds tightly resulting in long term holders to sell their Bitcoins. It is negative in the sense that if the holders still have most of their BTC's, they should've sold better on this market price which is comparatively way profitable than the early quarter of the year.
In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.
If only it was accepted in various food items and other services,it would have pump to a high price than it's.
Wow! You thought really wide to come up with this idea. But most people get their money which they invest into bitcoin from physical jobs they do. So people would start to have fewer bitcoin instead of increased bitcoin.
This is an interesting idea, but haven't many other areas that have switched to remote work increased the time available to them for crypto trading?
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