Effect of Covid-19 On Bitcoin

[Proton]

At different times, the coronavirus pandemic affects and will affect bitcoin and the entire cryptocurrency market in almost different ways.  At first, the coronavirus caused a sharp drop in cryptocurrency prices, as people had to prepare for an unprecedented quarantine.  After that, it has no tangible effect on the cryptocurrency.  Subsequently, the consequences of the coronavirus can cause the growth of cryptocurrency, when a severe economic crisis breaks out because of it and people turn to cryptocurrency to escape inflation.

[Btceth01]

I don't think the coronavirus had any effect on it.  The bitcoin market would have almost gone down if the coronavirus had had an effect.  But that is not the current bitcoin market but much higher.  So it is safe to say that coronavirus did not affect the sales market.

[Ronald]

The world economy is destroyed by the impacts of the covid-19. All the sectors in the world losses huge amount of money. But i think only crypto world is not effected completely. Because we see that when many people died of covid-19 at the same time our crypto world increasing.

[Primo1760]

The Corona situation has had a huge impact on the Bitcoin market.  Everyone is disconnected from this market, as a result of which the prices of Etu Khan have started falling.

[Gostudio]

Well in my own study in this particular area. Does crisis affects crypto currency? Well there are many examples in history who face economic problem and still cyptocurrency is not affected at all. These are the countries who experience economic downfall and use cyptocurrency to survive and make their economy rise again: Cyprus, Greece and Argentina.

[atjiat]

In fact, if you look from a height at everything that happened before that, starting from the beginning of 2020, then all the problems that the virus brought, including the economic crisis, the depreciation of national currencies, the search for investors with more profitable assets for investment, it all comes down to the fact that the cryptocurrency market finds itself in a clearly winning situation. It is thanks to this situation that all rating cryptocurrencies, especially Bitcoin, received an investment injection not only of ordinary investors, but also of institutional capital.

[Bravo]

I think covid 19 brought more good than harm. Covid 19 brought awareness on bitcon. Because they we're no  job functioning  during the pandemic so alot of people was force to go into bitcon investment. So there  can earn a living.
In addition to it they we're a lot of scammer which also participated just to scam people.

[Safroninc]

Yes, Market is gain during covid 19 & those who hold the bitcoin they rewarded most & that is the key for success.

Just imagine last week, Elon musk just tweet & market raises like never before.

First Signal then Dodge coin, recently Bitcoin & now ripple is on fire....🔥🔥🔥🔥🔥🔥

Hold the stock is key in any investment whether its crypto or stock market.

[Crypto_Somrat]

I think the coronavirus has had not a bad effect on the cryptocurrency market. Yes, the cryptocurrency market collapsed a bit in the early days of Coronavirus. But again the cryptocurrency market was able to overcome it very quickly. Bitcoin is now in a much better position than before. The whole cryptocurrency market is now in a good position. Hopefully this crypto market will be better in the future.

[msz900]

Yes, Market is gain during covid 19 & those who hold the bitcoin they rewarded most & that is the key for success.

Just imagine last week, Elon musk just tweet & market raises like never before.

First Signal then Dodge coin, recently Bitcoin & now ripple is on fire....🔥🔥🔥🔥🔥🔥

Hold the stock is key in any investment whether its crypto or stock market.

Cryptocurrency gain a lot of audience from the COVID-19 pandemic and the price of the BTC is another reason that many new users are involved into the crypto world.

[Repriper]

I think trading is not very influential during this pandemic, because we do not interact directly with people, and most people will be more happy with online transactions, especially with bitcoin, which has been moving uphill all this time.

[Chita76]

The current epidemic of coronavirus that has invaded the world is a terrible thing.  Kovid Nineteen has attacked people extensively.  And Bitcoin or cryptocurrency is having a huge impact which is causing this problem.

[Black96]

The COVID-19 pandemic has influenced financial markets all over the world, encompassing that of crypto currencies. In a restricted interview with ETBFSI, Sankalp Shangari, renowned Angel investor who works closely with FinTech corporations, stakes his view on how the narrative on Bitcoin will slowly change post this pandemic. by Priyan Purohi

[Evgenklm]

I used to think that the pandemic had a bad effect on the economy of all countries and also on the stock and cryptocurrency markets, but to my surprise, the crypto market only grew up, so I think the pandemic did not bring much impact on the cryptocurrency.

[Nikawe]

I think coronavirus has a strong empact on cryptocurrencies market because when whole world are in lockdown time ,then most of the people are involving themselves in cryptocurrencies market and passive income. So market striation always changing and going to the moon.