Effect of Covid-19 On Bitcoin

[Beverly_jenngs]

The stay at home order and restrictions as a result of the Covid-19 pandemic has made a lot of people interested in the amazing world of crypto currency especially Bitcoin.

This is a time when the financial markets have gone south. The IMF also stated that the world economybis going to plunge into recession much worse than the great depression era. Many also thinks that Bitcoin will also end up getting battered like other currency and financial assets.

Many of these people who are staying at home are going to wonder what is going on in the crypto currencies world. They will jump on the cryptocurrency train when they see they can make daily income trading and investing in Bitcoin.

Bitcoin prices have already improved. Why many and prediction still believe that COVID-19 will have a drastic effect on the crypto market is still a mystery to many optimistic cryptocurrency fans

It is now obvious that cryptocurrency prices are not affected by this pandemic and world financial crisis. This has given people the confidence to make that long awaited investment.

[Positive]

I also believe that the current global lockdown will make more people have interest in bitcoin but we should also expect the pandemic to slightly affect this year halving market either because some investors will choose to panic at some point when they see strange dump in price of the market. However, with all the advantages bitcoin had there still be aome people who will not join the crypto train due to the risk involved when the investor lack the require knowledge of crypto trading and investment.

[Najir2017]

Since Covid-19 has affected all aspects of life now, I think Bitcoin, including crypto currency, has affected at least a little bit. Because I don't consider Bitcoin a part of our lives.

[Pegasus]

Covid-19 affects bitcoin, that's undeniable but it can't hold bitcoin from its halving momentum. I was wrong I didn't invest much when bitcoin's price was at ~ USD 3000. People bought at that price range have approximately tripple profits now. Maybe I'll accumulate and wait for the next halving in 4 years later.

[Eparoww]

I think people is waiting halving to sell their btc and that will sent price lower than expected... Let's hope the raise still covers it

[Review]

When the corona attack whole world the stock market go down and all the currency price also go down and it effect much on btc while fall btc price around 5k...but later many new investors come on btc and this is lead btc price go up like 9k+ now..but it price will again fall down

[Mike)]

Nothing strange in last 6 months

[Michael.sol]

Corona virus really leave it's bad effect on everywhere , not only on Crypto market we see it's bad effect on stock market also . This is good To see that after a long dumping in its price Bitcoin recover very well now Bitcoin tradable on $9000 in market .

[voodQ]

Crypto is a last chance to make money during the lockdown

[gunhell16]

I don't think that the price of bitcoin gets the effect because of COVID19, since that Bitcoin was categorized in technology
so it has nothing to do with the market price in my own opinion.  Probably to others it got affected but for me, I don't feel it
honestly speaking.

[Sajinn]

I think that these assets will now go through their best times precisely because they are not so subject to the economic situation in the country.
On the other hand, it is a situation where you can just watch and it will be absolutely normal in this situation.

[wawan96]

yes, I think covid-19 can affect the price of bitcoin but it did not seem to make an impact against bitcoin economic crisis makes many people think investing in bitcoin is a good time for the long term because of the price of bitcoin slowly began to rise with stable and able to ward off doubts many people for investment in bitcoin.

[John Kammy]

Crypto is a last chance to make money during the lockdown

Agreed, The only way to earn. Along with groceries and agriculture stores !

[hair]

Corona does not have a big effect on bitcoin, there are still many people trading bitcoin in a situation like this then get profitable

[smt_nirwana_01]

I agree. During the pandemic process, there were many people who discovered the digital world better while we were at home. and I am one of them. people are tired of watching movies and playing games. They research and invest to make money by studying the crypto world. The pandemic process had a big impact on this.