Topic: Did Covid19 effected bitcoin positive or negative? - page 5. (Read 1099 times)
The Covid-19 effected bitcoin positively because while people are staying at their home, they spend their time to search for how to use the digital payment, and many of them heard about bitcoin by reading much news. Besides that, they came to bitcoin world in the right time when bitcoin price is not too high, so if they decide to invest in bitcoin, they can see that their money value grows time by time. That will be good news for them, especially for people who bought bitcoin at $3k-$5k because they can sell it now and make a big profit. People now see that they have a new type of investment in the cryptocurrency and they can buy any coins besides bitcoin at the price they want. Maybe if they can buy not just bitcoin, but also buying altcoin, they will see that their investment will increase, especially if the bull run comes.
I think the effect of Covid-19 on bitcoin was positive. Because it made people coming online looking for income sources and an currency which can be easy to use. And bitcoin solved both of the problems. Even I cam back to crypto after 2years on this lockdown and now enjoying the bull run.
Many people are now understanding that bitcoin is useful and it can be a useful thing in the daily life. Hope the run of bitcoin continues like this.
Same thoughts here. When we're talking about cryptocurrency, we can say that the pandemic was a blessing in disguise. Since lockdown was in place in most parts of the world, many people have learned to turn into other means of transaction and one of it is using crypto. Thus, it is positive. Many people are now understanding that bitcoin is useful and it can be a useful thing in the daily life. Hope the run of bitcoin continues like this.
Personally, during the beginning part of the lockdown and the quarantine, I was able to earn money despite to my lack of job. Now that the quarantine has eased up, I now have a job as a teacher and I'm also participating in a sig campaign on the side. Bitcoin is my savior. I'm proud to say that. And with or without this crisis, I'll keep on doing this.
A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive
Recently there was a big spike in Bitcoin adoption, when PayPal made Bitcoin available in their platform. The full impact is not yet known, as the integration was done less than a month ago. But PayPal is having an userbase of around 350 million, and even if 5%-10% of them invest in cryptocurrency, it will give a huge boost to the exchange rates and daily volumes.
A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive
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.
Right, this is the pandemic’s positive effect on bitcoin. The conventional currency is experiencing inflation, and that’s what people are afraid of,
especially big entrepreneurs. They feared its assets were declining, thus switching investments to bitcoin. And this is a solution so that its assets
can grow and it turns out that it is true, bitcoin is increasing and they will take advantage if they want, even until this pandemic is over.
It could have been. Or wait for ATH bitcoin.
I think little negative impact with covid 19 for bitcoin because many people have loss job and look they can participated on many ICO project and try to trade, they don't have enough money after loss real job and they have other needed for his family. When covid have ended they have real job and get passive income from salary use to trade and invest with bitcoin or altcoin, I know investor in bitcoin not only from online business but also many people have real job will invest in bitcoin, but they try to get two way for source income not only from bitcoin they try to get income from working at real job and earn salary every month.
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.
Most people now are transacting through online when it comes to payments,buying or sending even schooling are relying online, the pandemic did pushed everything into digital world to avoid direct contact to each other. I think covid-19 had a positive effect on bitcoin it has helped many people during difficult times, many became interested and wanted to learn about bitcoin during the lockdown and it had a good impact on the price of bitcoin.
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. This makes a good call for the time of Bitcoin adaptation for people wants to do a safe and secure transaction due to health concern which we can say that pandemic have been good to Bitcoin because of the cashless transaction and seamless and fast transaction that can be done with Bitcoin.
High percentage it will cause to the bitcoin to rise the value during due to covid19 it is base on my observation only and my opinion.
When lockdown started the price of the bitcoin rising because those people who lost their jobs find a way to have income and the way is the bitcoin so the value starts increasing and now we still in the pandemic and the bitcoin is increasing it's value and maybe the effects is really good to the crypto.
When lockdown started the price of the bitcoin rising because those people who lost their jobs find a way to have income and the way is the bitcoin so the value starts increasing and now we still in the pandemic and the bitcoin is increasing it's value and maybe the effects is really good to the crypto.
for me personally there is a point, that when viewed from two points of view;
First the positive side, 83% of all Bitcoin investors in the last 12 months have increased quite significantly. This is due to avoid direct interaction when buying and selling, or exchanging fiat money.
then the second from a negative point of view, then it is clear that the conventional financial sector is shutting down. where this will have an impact on the widespread spread of covid 19. Of course in the midst of rising inflation rates as a pandemic effect on the global economy, many people turn to Bitcoin.
First the positive side, 83% of all Bitcoin investors in the last 12 months have increased quite significantly. This is due to avoid direct interaction when buying and selling, or exchanging fiat money.
then the second from a negative point of view, then it is clear that the conventional financial sector is shutting down. where this will have an impact on the widespread spread of covid 19. Of course in the midst of rising inflation rates as a pandemic effect on the global economy, many people turn to Bitcoin.
I think Covid 19 had a positive effect on Bitcoin. Many countries now have normal health practices, but in the early stages of the epidemic, most countries have a lockdown, leaving people homeless and unemployed; Then a lot of people look for work online, many get involved with crypto. I myself used to spend 13/14 hours a day in crypto where I used to spend 2 hours a day. I believe many more like me would give time, invest; As a result, investment in crypto is increasing and flourishing. As a result, the world's economic situation has deteriorated due to the ongoing epidemic, but the cryptocurrency is gradually advancing and surpassing all past records.
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.
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.
All people is depending onnthe online world because of the impact of the covid 19 all of us are prohibited for going outside that is why others make a way to earn money especially on bitcoin.
That's what we are not really sure. I'm not quite sure if the Covid-19 affected the Bitcoins price maybe some people managed to sell their coins to have some extra money to sustain their living but as we can see the price of the bitcoin is increasing now which is really the opposite of what I'm saying.
That’s the advantage of bitcoin, and I really like that. In this pandemic, bitcoin is very suitable for use because we do not need to touch it like paper money.
Touching paper money today is becoming a frightening scourge. especially if COVID-19 continues for the next 5 years, as you said.
It’s a really difficult situation if covid continues. But it is possible that the role of bitcoin will be more than just for investment. But I don’t know either,
if the government still prohibits using bitcoin for payment. This makes it difficult.
Touching paper money today is becoming a frightening scourge. especially if COVID-19 continues for the next 5 years, as you said.
It’s a really difficult situation if covid continues. But it is possible that the role of bitcoin will be more than just for investment. But I don’t know either,
if the government still prohibits using bitcoin for payment. This makes it difficult.
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.
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I think that is hard to estimate.
Pandemic definitely forced people to get more oriented to online living and business and to use new technologies more. That probably included Bitcoin and other cryptocurrencies although I haven't seen any study or analysis of it.
However, I don't think that pandemic had the direct impact on Bitcoin price.
Obviously the pandemic does not affect the price of bitcoin today but many people continue to use it in their needs, therefore we must know that bitcoin technology will continue to develop during a pandemic, therefore we will know how people do business that they are online.Pandemic definitely forced people to get more oriented to online living and business and to use new technologies more. That probably included Bitcoin and other cryptocurrencies although I haven't seen any study or analysis of it.
However, I don't think that pandemic had the direct impact on Bitcoin price.
Since the pandemic hit me, a little effort in online is what I am doing now because it will make it easier for me in any case bitcoin will continue to grow considering the current market conditions.
The stars of the pandemic make the bitcoin's value drop for $3900, maybe it happens because of panic selling because some people need to get their funds on their hand so they will have the finances for their daily lives. This pandemic also makes some other people become focused on the world of crypto including me, before when the pandemic has not started I am not so active on cryptocurrency because of being busy with my studies but when it started I spend my hours exploring the world of crypto so I think that is one of the positive things that bitcoin gives to me.
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