China is one of the major players in the cryptocurrency market, the country's strict administrative system, the imperative to solve any problems. The coronavirus is not in a single province of China, it is a risk to economic security.
If the epidemic gets out of control, the consequences could be most severe, given the high level of corporate defaults. The regulator will have to introduce strict measures, restrictions not only on the movement of people but also on capital.
Therefore, Bitcoin, which has gone from a repository on the site to amass technology for cross-border movement of capital, can get hundreds of millions of new users who simply physically restrict transactions with Fiat currencies. Not to mention the fact that mining farms may stop: the complexity of the network will fall, which will be used by other countries.
If we talk about the impact of inter-market relationships of assets, one of the main drivers for Bitcoin is the price of gold and the exchange rate of the Chinese yuan, the correlation of prices with which is obvious. If the coronavirus epidemic forces a state of emergency in the country, it can be assumed that against this background there will be interruptions in gold production, which will lead to an increase in prices for the precious metal. For the same reason, the exchange rate of the Chinese yuan will begin to weaken, which, as in the spring and summer of 2019, may lead to an increase in the price of Bitcoin (then the correlation was quite high).
It seems to me that in this matter of forecasting, it is very important to be able to combine a number of factors together. Personally, I work together with my reliable partner Roust Semy. His extensive experience in the field of cryptocurrencies helps to avoid risks even in such difficult situations.
Topic: Did Covid19 effected bitcoin positive or negative? - page 4. (Read 1028 times)
The pandemic didn't really affect Bitcoin negatively, it actually became a much bigger influence for people to try out the technology of Blockchain and decide to use Bitcoin and probably buy it, unlike real currency, cryptocurrencies weren't even bothered as people are using Bitcoin and other cryptocurrencies to settle payments and sell, as far as I even know, I do think there's a huge increase of people that has started to take trading since the price of BTC gradually went up during this pandemic, it definitely gave Bitcoin the opportunity to take advantage from our current situation.
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 is possible for the spread of Corona Virus continue to spread for the following years but we really cannot determine its relation to Bitcoin. Bitcoin is still usable as a currency and its current rise is not even related to the virus. As long as people keep using Bitcoin, it will not lose its value. Seeing some improvements to the vaccine for the virus really helps a lot of people and lets just hope that this will keep people sane so that they will still learn something new like Bitcoin so I guess its effect is positive in some way.
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 coronavirus had the effect on bitcoin that I thought it would at first when everyone was worried about this new virus, this caused a crash on the price as everyone wanted to have cash in hand in the case it was necessary, once people realized that it was not as bad as they thought but still bad enough the price went up and we hit a new ATH yesterday and this happened because people are finally realizing that the governments are going to fail to fulfil their promises once an economic crisis comes caused by their money printing activities.
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.
The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.
If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.
The coronavirus pandemic is affecting cryptocurrency ambiguously. At the initial stage, it sharply lowered prices in the cryptocurrency market, but then it positively and diversified affects both the price of the cryptocurrency and the demand for it.
It doesn't seem like covid-19 affected Bitcoin in a negative way.
I agree with you, I think at the moment there is almost no negative impact. Even though the price is very volatile that's what I use to make money. With trading I don't have to go out of the house to meet lots of people to make money. This activity really supports a healthy life during the Covid-19 pandemic. 
When countries started disinfecting their bank notes all because it tend to be one of the virus carrier, they begin to also adjust to becoming cashless. This tend to put digital payment systems to be an option but certainly some are looking into digital currencies. And then whenever there is a discussion of digital money, its always going to be BTC that will comeup.
Its due to covid19 that we fastforward the adoption of digital currencies including cryptocurrencies as well. I'm certain its affecting positively.
Covid did not affect bitcoin in any way. Bitcoin was affected by the lockdown. And I think it's had a positive impact.
It doesn't seem like covid-19 affected Bitcoin in a negative way. Bitcoin price has reached ath and it looks like it will continue going higher than now. I don't know the reason of this pump but I believe it is not related to covid-19.
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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.
The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.
If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.
Covid19 will never be long lasting and its survival will be controlled if discovered. Covid19 has had a positive effect on Bitcoin many people were sitting at home due to the effects of the virus. The way to make money was reduced. Bitcoin investment has helped them to solve their problems and many countries have made it easier to exchange money by adopting bitcoin. This is a great opportunity to make money between their economy and the lockdown. Although the price of everything has gone down, the price of Bitcoin is going up.
some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.
And in which of these countries, it is possible to buy staples and other essential items with Bitcoin? How many supermarkets around the world accept Bitcoin? The only way to purchase these items with Bitcoin right now is to first convert your coins to gift cards (using applications such as Gyft) and then use these gift cards to make payments at the supermarkets and other retail stores.
some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.
The pandemic have pushed people to shift from the traditional going to digital because of the existence of the covid-19 pandemic which is advisable that as much as possible to face to face and no physical contact must be done to avoid the further spread of the virus. Almost all thing like jobs and studies have been made online so that life still continues as per the pandemic is still existent on our community. With that, transactions made on fiat or physical manner have been made digitalized through online transaction like banking have been offered online and even transactions have been made digitalized to avoid physical contact.
~snip~
For those who are familiar with new technology (via online) this will not be a problem. But in my opinion there are still many people who use traditional transactions, using traditional money to transact, including in my country. So I think there are two positive and negative impacts of covid-19 for bitcoin. On the positive side, Bitcoin cryptocurrency can support a healthy life during a pandemic because it can be used for online transactions. The negatives In the early days of the pandemic the fundamental effect was very clear that the price went down, but it has come back now even the price of bitcoin has risen again. ~snip~
Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.
Despite of global pandemic that we faced right now, take away our almost a year of normal life, the fear for our health and the health of our family but the only good thing that i guess happened in the middle of this catastrophe was Covid 19 has a good or positive effect in bitcoin. It turns the old traditional mode of payment into digital payment and as what we have observed a lot of investors were now investing in bitcoin which brought a good market value in bitcoin.
I think it's the other way around, it is Bitcoin who affected us positive because of the pandemic, and will always affect us in a positive way. The pandemic is just the reason why many people was convinced that Bitcoin is real and not a scam, or even a hoax. What happened in 2020 was a stepping stone for Bitcoin to be fully known by everyone of us all over the world because it deserves popularity due to its greatness.
Without Bitcoin, people would still cry over their job, staying in offices for 8 hours having minimum salary and a poor health. Including me, Bitcoin gives me hope every single day, especially in this time where poverty is getting much worse.
Without Bitcoin, people would still cry over their job, staying in offices for 8 hours having minimum salary and a poor health. Including me, Bitcoin gives me hope every single day, especially in this time where poverty is getting much worse.
For me it affected Bitcoin positively because of the lockdown people lost their job and seek for other source of income while they are at home.
For me this pandemic make crypto and online business bloom.
For me this pandemic make crypto and online business bloom.
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.
That's what I had in mind. Nowadays it is really very difficult to transact even fiat is also suspected to contain the COVID19 virus when in direct contact with people infected with bitcoin makes us able to transact without having to think about the risk of being infected with the COVID19 virus. and sooner or later state regulations will consider this.
Based on my observation, this pandemic really brought a huge turning point for bitcoin.
Covid-19 is really a bad thing in most of us and people are struggling on how we will deal with it.
But for most of us, we are just staying at home, unemployed and if you invest in cryptocurrency then you will somehow make profits depending on your manipulation and observations. I know that being unemployed is really hard but you need to make other things profitable for you and it is studying and investing on cryptocurrencies like bitcoin.
Covid-19 is really a bad thing in most of us and people are struggling on how we will deal with it.
But for most of us, we are just staying at home, unemployed and if you invest in cryptocurrency then you will somehow make profits depending on your manipulation and observations. I know that being unemployed is really hard but you need to make other things profitable for you and it is studying and investing on cryptocurrencies like bitcoin.
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.
But the thing is Covid won't last that long and also even if This Virus stays long yet People will Not allow government to Lock them down for that Very long hair because if this covid will Kill them, in infection?then they would rather Die than being inside their Houses for very long years.But of course all crypto not only Bitcoin in which The option of the people,Because Those are cheap and Easy to accumulate.
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