Topic: Does the epidemic have a big impact on Bitcoin? - page 3. (Read 1288 times)
The epidemic does not have much impact on Bitcoin, but many people cannot go to work because of the epidemic, and then learn about cryptocurrencies and enter the cryptocurrency market to make money. This makes the supply and demand of cryptocurrencies increase. If there are other impacts on Bitcoin It should be that some countries ban Bitcoin, which will have a downward impact on Bitcoin.
I personally believe that the rise of Bitcoin during the epidemic is related to the worsening of the new crown epidemic in China. After the reduction in new cases in China, the premium situation began to change.
Half a month later, Bitcoin fell below the normal price, indicating that people were panicked about the virus starting to spread in the United States and dumped them.
This shows that Chinese investors see Bitcoin as a safe haven, while the US does not.
Half a month later, Bitcoin fell below the normal price, indicating that people were panicked about the virus starting to spread in the United States and dumped them.
This shows that Chinese investors see Bitcoin as a safe haven, while the US does not.
First of all, this epidemic has swept the world, which has an impact on Bitcoin. At first, the price of Bitcoin plummeted, but I don’t think this is a surprise. The degree of decline is shocking. Compared to the epidemic eight years ago During the period, the trend of Bitcoin was different.
In a high profile dangerous situations corona pandemic, all systems in the world are badly influence not excluding cryptocurrencies. In coronavirus pandemic, men's , global economic, climate, and whole ecosystems are acutely hampered and some countries never be recovered within few years.
Its almost 2 years that we had been trying to run of with this pandemic and no thing on this world hadnt been affected excluding those essential business out there and other things that do really get some advantage on this current pandemic situation.I cant really say much about crypto on getting affected with the pandemic because no matter what the condition
the market have, it would always be unpredictable no matter what the sentiment or situation we are facing on or even doesnt have any events at all where price
cant be known on where it would be going.
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The covid-19 epidemic has left many people around the world unemployed and going through extreme economic hardship. Although the price of Bitcoin has increased at a significant rate throughout the entire pandemic, the effect of Covid-19 on Bitcoin cannot be ignored. As every country in the world is in the midst of an economic crisis, it has had some effect on the stock market and the crypto market as well.
In a high profile dangerous situations corona pandemic, all systems in the world are badly influence not excluding cryptocurrencies. In coronavirus pandemic, men's , global economic, climate, and whole ecosystems are acutely hampered and some countries never be recovered within few years.
Probably bitcoin and crypto in general really did shine in the midst of this pandemic, because of how many people lost their jobs and they were not able to leave their homes, they found bitcoin and crypto as an alternative a way to make an extra income either through investing, trading or whatever that is linked to it, while the rest of the world was going down the value of the cryptocurrency went up, and even after the pandemic ended a lot of companies and investors started considering it as an option due to how successful it is.
I don't agree with you because the news I heard was different from your perception...
even though many people have become poor during this pandemic, there are also many people who are trying to find additional income from cryptocurrencies during this pandemic. Cryptocurrency transactions during this pandemic have increased many times compared to the pre-pandemic period, this shows that the pandemic has an effect on Bitcoin and investor interest.
That's what happened. People have looked for a way to survive and add more with their income since it's hard to stay in a company that you don't know if they're floating or might file bankruptcy in the other day. Aside from that, the numbers that people have gambled has increased too and that's through the use of cryptocurrencies too. even though many people have become poor during this pandemic, there are also many people who are trying to find additional income from cryptocurrencies during this pandemic. Cryptocurrency transactions during this pandemic have increased many times compared to the pre-pandemic period, this shows that the pandemic has an effect on Bitcoin and investor interest.
your mind is very genius, the impact of the pandemic is that people flocked to bitcoin, and people began to learn about bitcoin, because bitcoin is the only way to earn income during the pandemic, because many workers have been laid off, making people shift their jobs to other places. bitcoin.. good luck there is bitcoin, if there is no bitcoin during the pandemic, maybe our fate will be in trouble..
Bitcoin is also not the only source of income that can be worked on during a pandemic. but there are many other jobs like Trading in forex or stocks and some other investments. bitcoin is just one of the cryptocurrencies.But the impact of bitcoin in modern times as it is today is quite felt. People are familiar with bitcoin as well as various altcoins in cryptocurrencies. working as a trader in crypto and several other jobs. The digital world is a world that must be studied.
there is no influence between bitcoin and the pandemic, where we see bitcoin reaching new ATH periodically up to 50k$, inversely proportional to the lives of people affected by the pandemic micro-companies go bankrupt, maybe not all areas experience a pandemic so bitcoin can reach a new ath, from a country that is not experiencing a pandemic
I don't agree with you because the news I heard was different from your perception...even though many people have become poor during this pandemic, there are also many people who are trying to find additional income from cryptocurrencies during this pandemic. Cryptocurrency transactions during this pandemic have increased many times compared to the pre-pandemic period, this shows that the pandemic has an effect on Bitcoin and investor interest.
your mind is very genius, the impact of the pandemic is that people flocked to bitcoin, and people began to learn about bitcoin, because bitcoin is the only way to earn income during the pandemic, because many workers have been laid off, making people shift their jobs to other places. bitcoin.. good luck there is bitcoin, if there is no bitcoin during the pandemic, maybe our fate will be in trouble..
Bitcoin is also not the only source of income that can be worked on during a pandemic. but there are many other jobs like Trading in forex or stocks and some other investments. bitcoin is just one of the cryptocurrencies.But the impact of bitcoin in modern times as it is today is quite felt. People are familiar with bitcoin as well as various altcoins in cryptocurrencies. working as a trader in crypto and several other jobs. The digital world is a world that must be studied.
this global pandemic has caused a lot of people to have a miserable life, the economy is down and down everyone now needs money and the value of BTC going down is one thing that in We all will understand. and if you follow the news in the market you will know that all the essential commodities such as food and food have almost all gone up and life has become more and more difficult.
I think it has a positive impact on cryptos as the pandemic has slowed down most businesses that rely on face to face interactions and the only ones seeing some life are those based on digital platforms .
Despite having the pandemic , people are desperately looking for ways to make some money online and bitcoin and other cryptos have provided this as an answer and should people see some gains,more investments into crypto should happen.
Despite having the pandemic , people are desperately looking for ways to make some money online and bitcoin and other cryptos have provided this as an answer and should people see some gains,more investments into crypto should happen.
An alteration to already existing and established businesses due to pandemics is an event that affects the source of income of such businesses.
talking about bitcoin, I can say it favours bitcoin positively in some aspects;
1. There was relatively high increase in the value of bitcoin in the pandemic than before.
2. People becomes more aware that there is another way of generating and spending money outside the scope of paper money.
Also negatively as:
1. There was a regular and frequent fluctuation in the price of bitcoin within the period.
2. People who have invested both with bitcoin and with other assets seeks means of taking their money back and having savings for themselves.
Pandemic has an impact on the economy and as well on bitcoin also.
talking about bitcoin, I can say it favours bitcoin positively in some aspects;
1. There was relatively high increase in the value of bitcoin in the pandemic than before.
2. People becomes more aware that there is another way of generating and spending money outside the scope of paper money.
Also negatively as:
1. There was a regular and frequent fluctuation in the price of bitcoin within the period.
2. People who have invested both with bitcoin and with other assets seeks means of taking their money back and having savings for themselves.
Pandemic has an impact on the economy and as well on bitcoin also.
At the surged time, all coins dumped drastically and some blooming projects destroyed and experienced heavy burder. Some projects did not managed to overcome the bearish. Good thing is today we can see the market in better position than before. Although there are corrections, at least we are in greater phase than the first wave of covid.
Corrections are usual.And the situation is truly much better than it was before. But there will always be positions getting in at highs and that makes sense for those sad people that have entered during those times.
While we're in the pandemic, it wasn't expected that the market will grow as it is today.
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despite the fact that we don't know, but to some extent between the pandemic and bitcoin, I think there is an influence. when many people were laid off, while bitcoin experienced a bullrun so many new investors tried their luck to join as bitcoiners, because some stories are many new bitcoiners who invest even without good knowledge If they will think that investing in Bitcoin will be their chance to become rich despite the market crisis and being jobless, they were right but joining the market without knowledge is wrong, and this will surely lead them to lose their money. As these numbers of newcomers, not all of them were able to continue but many of them just quit.
This pandemic prevent people to do face to face transactions which mean that it will cause bad impact to the world economy. Bitcoin as digital currency ease people to do transactions a lot easier than bank transfer. I think mamy investors see this potential and then start to invest in bitcoin. Even we know that more popular people such as Elon Musk also buy btc although some people think that he only want the profit. But beside that I think he make more people start to invest in bitcoin, that is the positive thing. This pandemic is very bad for the world economy growth but I think it give big good impact on bitcoin.
In short, Bitcoin is really a paradise that relieves economic pressure for quite a few people as investing here at a reasonable cost can generate a little extra income in this pandemic era but in the long run, the destruction rate of the pandemic will be faster than the rate people can make money here. Because now, people have stopped entering the workplace, income is no longer stable while the costs of operating at home as well as ordering online are too expensive, as soon as the money is exhausted to spend, the amount deposited in bitcoin is also forced to withdraw to compensate 
there is no influence between bitcoin and the pandemic, where we see bitcoin reaching new ATH periodically up to 50k$, inversely proportional to the lives of people affected by the pandemic micro-companies go bankrupt, maybe not all areas experience a pandemic so bitcoin can reach a new ath, from a country that is not experiencing a pandemic
despite the fact that we don't know, but to some extent between the pandemic and bitcoin, I think there is an influence. when many people were laid off, while bitcoin experienced a bullrun so many new investors tried their luck to join as bitcoiners, because some stories are many new bitcoiners who invest even without good knowledge 
there is no influence between bitcoin and the pandemic, where we see bitcoin reaching new ATH periodically up to 50k$, inversely proportional to the lives of people affected by the pandemic micro-companies go bankrupt, maybe not all areas experience a pandemic so bitcoin can reach a new ath, from a country that is not experiencing a pandemic
I hope the impact is positive and when a pandemic like this actually bitcoin and friends are a solution as a hygienic currency and maybe also a breaker in the chain of virus transmission compared to fiat even though fiat can also be used as an online transaction tool but bitcoin is more global because when you want to make a transaction in another country, we don't have to be confused to exchange it
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