Did Covid19 effected bitcoin positive or negative? - page 3.

TopT3ns

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Quote from: Gotumoot on December 03, 2020, 07:00:53 AM

It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.

Judging from the conditions where exchanges are currently increasing, I think this virus can have a good impact on the increase in bitcoin prices, but the problem is whether in the next few years every increase in bitcoin prices is marked by a virus disaster? It shouldn't be like that, so even though bitcoin has benefited a lot from this catastrophe, there are still a lot of negative impacts.

Ridwan Fauzi

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As you can see until now, the price of bitcoin is increasing more than we expect. At that time I just thought that bitcoin will dump a lot and pass it all time high in 2019 but the dump can in march just for a while its price just always increasing until now. But the halving event factor is also give a big growth and encourage many people to invest in bitcoin beside gold.

We can't deny that when the corona virus came had given a positive effect for crypto currency especially bitcoin. We can now and many people now think that bitcoin is being considered as a safe haven place to store money. Also, new adoption came from paypal who accept bitcoin in their service it means the step for mass adoption is widely open in the next year, yeah I hope in 2021 I will see many companies who accept bitcoin and promoting until many people who it.

milani

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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.

From one side the situation with Covid-19 and all those limitations brought a lot of inconvenience and losses, from another side it made lots of directions and services that are working more widely, more ways and methods of making money and developing, new ways of communication and forms for cooperations that nowadays are so demanded and used. But I would not want to accept that the situation with Covid will be really not for a year or two, but the fact is that it will be more likely so. And lots of things will never be the same like in our previous lives, and governments understand, that digital world will be more and more spread and accepted. I am afraid that their strong desire and attempts to regulate digital world will be rising along with the popularity of Bitcoin and crypto more and more.

thesmallgod

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The pandemic have positive influence on the price of bitcoin. I think a lot of people by staying at home due to lockdown makes them to spend much time on how to earn online and also a drifting examination of what cryptocurrency is and we can actually established this by the news of people using their stimulus package to invest in bitcoin which actually bring about sudden rise in the price of bitcoin. Also, the spending power of bitcoin become a mainstream discussion as people believe the use of digital currencies instead of fiat will help curb the spread of the virus. I could remembered bitcoin trended on social media such as twitter for many times during this lockdown which is a great indication that people started paying attention to the digital currency often and often, prior to the covid19 lockdown

pankowri

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In the current times, just see the price of Bitcoin and it already hit its ATH value, and still Covid-19 is running. Covid-19 is effective for Bitcoin in many ways and I will try to highlight below with relate to people also,

-- People involved more than before in this time and the demand
   getss increased for that.
-- People in nowadays can't properly work from in front and they
   can work in online easily staying at home.
-- For Covid-19, cryptocurrency is used to trade, buy/sell and
   doing transactions

It can be said Covid-19 is not blessings for us but it is effective in many ways for Bitcoin.

Gotumoot

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It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.

dizzy1996

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As for me, Covid-19 had a completely positive effect on the price of Bitcoin, since Covid-19, too, many large companies suffer colossal losses, jobs are lost, production turnover is falling, and much more, Bitcoin does not lose anything since it is a virtual currency and there are no those factors that can now lower its rate, and many large companies, realizing that it is necessary to recover their losses, invest in cryptocurrency

hahay

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If Covid continues for 5 years then war will occur because there is no balance in the economy and Bitcoin will not really be looked at because of the paralysis of the internet. So far the price of bitcoin during the Covid period can be seen that even that is fine, or accidentally and simultaneously the Bitcoin trend itself is in a good situation because of the previous halving. So, I'm not sure if Covid is really affecting the price of Bitcoin to continue to improve or it's because of the effect of the previous halving, because it was projected that the price would hit its new ATH but it was a surprise because it can survive chaotic situations, so the conclusion is that Covid doesn't affect Bitcoin.

Prince Malik

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The logic think is that covid must effected bitcoin negativly because many people around the world have some economic isseus so they must sell bitcoin to manage the periode of this pandemic but this thing didnt happen

CODE200

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Quote from: sort_cirkit on December 01, 2020, 04:32:18 PM

Quote from: Wapfika on December 01, 2020, 03:45:25 PM

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions here in my country.

However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.

Yes. And as this pandemic continues, more people will be aware about the advantage of bitcoin compared to fiat and other cashless payments like atm cards and visa. Although covid 19 brings our country's economy down, but its effect towards bitcoin and other cryptos i think becomes positive though. This pandemic has even made the world of crypto reachable for the people and all those who seem interested in it.

Just to point out something, how come will people be aware of the advantages of Bitcoin in some countries wherein this technology is not widely used? In my country, only few businesses do recognize the use of this technology as a medium but it is more popular during this pandemic simply because many people are holding with the idea of "easy profit" from investing into it. That's I think what encourages more people towards this technology and not mainly its advantages as a digital currency.

satonako

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In my opinion covid and lockdown+stimulus checks effected indirectly positive on bitcoin. People who stayed at home and had more time to receive more information about crypto started investing and trading bitcoin, some people hedged against inflation due to covid caused fiat devaluation and closed businesses.

fishbonez11

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Quote from: #dhabitamartha on December 02, 2020, 12:59:29 AM

bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.

Since most people are online now due to covid, we are seeing more people getting interested on how to earn online. Bitcoin now is attached to investment. Its true many have been interested to Bitcoin but there are also people who unfortunately scammed not by bitcoin but by schemes using the name of Bitcoin.

Since the quarantine have begun, the crime rate for scams have tremendously increase. Scammer take advantage of the rising price of bitcoin to scam people. Many HYIPS and investment schemes now are using cryptocurrency to give an impression that it is legit. This kind activity will cause damage to the image of bitcoin.

#dhabitamartha

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bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.

Maestro75

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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.

It may be because people were locked down and prevented from going to banks that makes Bitcoin have great run this year. You can remember that before the lockdown became severe early 2020 bitcoin price was very poor and around $3000. Therefore we can say that the Covid19 pandemic is a positive one for Bitcoin. If for nothing else I can say that I wish the lockdown continues. I know alot of people will not like this comment.

MCobian

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I am among those who believe that COVID-19 has a positive effect on Bitcoin. I say that because I saw Bitcoin's very good
performance in a pandemic situation, even the Bitcoin price immediately returned to the ATH price. Maybe many people are
starting to realize the advantages of Bitcoin over other assets, it could also because Bitcoin does help improve the economy of
some people in the current situation.

chanler

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I don't know what happens to the world exactly during this pandemic regarding the crypto world. But in fact, many people around me are now willing to be in the crypto world. many people are willing to buy and learn trading Bitcoin and also other cryptocurrencies. They really think that the crypto asset is something unique where it is not influenced negatively by this pandemic. We can still work and get or earn money from it. But I see that there is something missing there. They only focus on crypto because of earning more money and also getting profits. I wonder will they also consider the risks? Or they do not know about the risks?

But exactly, in the global exchanges and market, we can also see many institutions, big industries, and also big companies also focus on crypto right now by putting their funds there.

Traderbtcc

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

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.

Indeed during the pandemic bitcoin became more precious and used around the world, as it served as a safe medium of exchange since handling of fiat was no longer safe, this pandemic gave bitcoin more popularity and has helped it caught the attention of some billionaires around the world, and most of them have finally seen the beauty of bitcoin and has decided to invest in it, no doubt if the lock down continues (which I don't what it to cause I'm tired) I think we will still continue using bitcoin as a medium of exchange in other not to get infected with covid-19 from cash.

Oilacris

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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.

We are now into the situation where vaccine is almost there so this kind of presumption is already been on the lit side or even if this pandemic continues i dont really

think off that there would be a time that bitcoin would really be come the main currency just because fiat is one of the mediums on transferring the virus and to know that

e-banking or e-fiat had already been a while so most likely people would really be ending up on that option and also im not really a fan on connecting real life events to this crypto market specially with Bitcoin.

sort_cirkit

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Quote from: Wapfika on December 01, 2020, 03:45:25 PM

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions here in my country.

However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.

Wapfika

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No doubts the pandemic affected bitcoin in a good way, it gave it more popularity and just as you said people were afraid of contacting covid-19 and touching cash was an easy way to get infected, so they looked to cryptocurrency as the solution, cause it's not like the paper money which we can feel or touch, bitcoin is a digital currency so there's no way covid-19 can be transferred through it,so I think we can all agree that covid-19 affected bitcoin positively.

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions here in my country. However there are few who became curious during lockdown on how they will able to earn thru crypto, it still give a positive effect as we can see that even it first let the market down when different countries announce lockdown but it was able to recover fast since adoption took place by many.

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