Is Coronavirus An Advantage For Bitcoin?

[UNIVERSE]

Coronavirus may be the advantage to buy more coins because some coins are decreasing quite big. There are many whales trying to collect more crypto assets during this pandemic. But it is just for whales, while someone like me doesn't have money to buy.

[Altcoin1998$]

May be corona has a positive impacts on bitcoin market. Because after opening lockdown in New Zealand and France, Spain bitcoin price is gradually decreasing $250 to $225. So i believe that corona has a potential impact on the bitcoin global market.

[Octoalts]

What does it mean, I don't understand.  To be sure with this coronavirus, many countries panic, many people are worried about getting this virus, and the impact of this coronavirus on the global economy is also very large, many people lost their jobs because of this pandemic.  Then what are the benefits for Bitcoin?  maybe because Bitcoin is Digital Cryptocurrency, so there's no way Coronavirus can attack Bitcoin.
But there is one advantage here, namely people who work in Cryptocurrency, ranging from investing or trading Crypto.  They are not at all affected by the existence of Lockdown because of this Coronavirus, they can still work and make a profit.

[babu10]

Actually we should not think like you saying corona virus an advantage for BTC. Yes BTC price maybe up in the crisis moment of nCOVID but we lost many men in this situation and still the flow going. So these life can not make over BTC. Those who are love in BTC and still are in safe in this crisis moment may be gainer where its price was 3.5k$ maybe. So in one way its brings us to advantage but if we think massive way its our great loss.

thanks.

[mlawson71]

According to statistics released by Revolut, cryptocurrency trading and Bitcoin trading in particular spiked during the lockdowns, so the pandemic did have that beneficial effect.

[wahyudi]

Until now all eyes are still on Asia because markets around the world are preparing for the fall of other shares.  However, it is not the Cryptocurrency market that continues to rise, due to the increase it has experienced in the past week despite a corona virus outbreak.

[Seerge]

In my opinion, this Coronavirus still has a negative impact on Bitcoin, because whether or not everyone who runs on the Cryptocurrency Business receives coronavirus impact.  Coronavirus has paralyzed the world economy, of course this has an impact on people who invest or also trade Bitcoin.

[Rivaldi Kunkun]

For me, the Corona virus gives no benefit to Bitcoin. With the Corona virus spreading this global economy has declined. So many people experience economic difficulties. Many people are missing out on jobs and many people die because of the Covid-19 virus. I hope that this bad state is soon over. If this bad condition is over, I think we'll see the economy will be back up. If the economy recovers, I will be sure of a positive impact on digital currency price movements.

[Prime]

this Coronavirus still has a negative impact on Bitcoin, because whether or not everyone who runs on the Cryptocurrency Business receives coronavirus impact.

Yes, all people got the effects from Coronavirus and currently, the market is decreasing likely still because of the COronavirus impacts. The world economy is in crisis, it makes Bitcoin price hard to improve.  I think we need to wait for a better world' economy condition to make all crypto assets growing fast again.

[vegasus]

Yes, it affected badly in Bitcoin price since the price of Bitcoin finally dropped as the impacts of Covid-19. I think only investors who get advantages in this condition because they can buy cheap Bitcoin prices. Also, traders who prepare their crypto coins before they sell them, now they may buy some Bitcoins at cheap prices.

[Senin]

We can already admit that coronavirus very negatively affected the price of cryptocurrency and so far I can’t say that it affects the increase in its liquidity. Therefore, the appearance of coronavirus for cryptocurrency did not bring anything good. It is hardly worth saying that the sharp decline in the price of bitcoin and other cryptocurrencies after the advent of coronavirus is a boon for cryptocurrency or its holders. Coronavirus is a common evil in every way.

[Nostoman]

Many people think that the market value of bitcoin for corona virus will not be added, the more they think the market will be much worse. But if you are monitoring the market. Then you can see that the market value has not been added nor has it been reduced. The value of bitcoin is at a different level. It is unknown at this time what he will do after leaving the post. However, experts are constantly saying that the market will add value. But it will not decrease.

[tervel]

Cryptocurrencies don’t always follow traditional market trends, but with the devastating global economic crisis and COVID-19, even crypto traders are liquidating to cash in preparation of tougher times.

[Hugo Barbosa]

From my point of view, it could be an advantage, especially now many people pay attention to crypto as they having more time to doing online works.

[Bobcrypto]

Sounds weird, isn’t! but this statement has been doing rounds amid the time of coronavirus. China is among those countries that carry a tag of the crypto hub, even though it was not in support of cryptocurrency and even initiated in banning the Bitcoin. Some people believe in this claims that when the news about coronavirus was broke out, many people from China which also included some eminent ones initiated in bringing Bitcoin from stocks or cash.

After that, they chose to leave the country as it is very complex to move out with a great amount of gold or cash. Somewhere, it proves that there is no association between Bitcoin price surge and coronavirus. Bitten with its worldwide fame, anyone would have taken the hasty move in buying Bitcoin, which is risky for the newbies in the middle of corona news outbreak becoming an international emergency.
What do you think?

I think that some how the corona virus pandemic had contributed more to development of Bitcoin/altcoins, because since the lockdown, there were many people who I think has became interested in bitcoin. There are also greater awareness and increase investment in Bitcoin/ altcoins in my opinion.