Is Coronavirus An Advantage For Bitcoin?

[Paglamon]

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? 

[Confero]

Many people consider coronavirus to have a large impact on the price of Bitcoin, because at the beginning of the coronavirus the price of Bitcoin had dropped.  But the reality is reversing, ahead of Bitcoin halving, the price of Bitcoin is soaring. 
And the emergence of this coronavirus outbreak made many people limit themselves not to leave the house or lockdown, this made some people think how to get money without having to leave the house. 
And running a Cryptocurrency business is the right choice for those who have big capital, because we can trade or invest in Bitcoin.

[sampoerna]

Advantage? I never see it as an advantage. Even if it doesn't bring big impacts in Bitcoin, but I guess this is not something expected by Bitcoin users. Coronavirus will harm your life. As we don't live in digital world but in real life, it is also to bring impacts for the Bitcoin users. So, it is not an advantage unless a disadvantage.

[pelana vreo]

Having Bitcoin right now is a good advantage when we can't make direct transactions and have to pay with crypto in large amounts, actually, the profit can be obtained by someone who holds Bitcoin because they will easily get profits when trading and buying goods such as cars luxury and pay it with Bitcoin.

[Oxumare]

In such crises people's monetary policies are directed towards solid assets with limited supply. From my point of view, gold and Bitcoin are at the forefront because they cannot be easily reproduced.Opportunity for this crisis Bitcoin!

[Malam90]

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?

Yes, many people believe Corona virus has brought a positive impact on Bitcoin but they have to be remind that Corona affected badly on Bitcoin price from $9800 to $4000 in few days. After that, many people are confined at home, try to earn from online. Hence Bitcoin and crypto trade is the best option to earn.

[Cryptoz]

No advantage for virus pandemic like Corona but it just triggers people to be more aware of cleanness and a better lifestyle. I think Bitcoin price can rise also not because of Corona pandemic but it is about halving day. Coronavirus just makes crypto investors keep their funds and not invest much.

[Fenix]

The appearance of coronavirus has a devastating effect on the economies of all states without exception, and on all markets, including the cryptocurrency market. We saw that after March 13, when it became known about the spread of coronavirus, the price of bitcoin fell sharply. In fact, it is still recovering. No, the coronavirus did not bring anything good to the world of cryptocurrency. Unless the global economic crisis, which is most likely to come soon through the negative impact of the coronavirus pandemic, will help to show decentralized cryptocurrency as an anti-inflationary tool and the demand for it will increase because of this.

[carcas]

Corona virus provides effects ranging from the stock market and crypto and prices tend to decline. I think more people want to sell their assets and prioritize money and prefer to wait until the market recovers

[Ghozrd]

The advantage will be gained by Bitcoin because someone can make payments virtually and without having to go to the bank.
In terms of investment, I think all stocks will be on a downward trend because investors are starting to worry about a long-running pandemic, they will choose more tangible assets such as gold and Bitcoin will remain the choice for payment transactions so that the spread of the COVID-19 virus is not widespread.

[damsix]

I think the advantage of Corona Virus is creating a digital currency that does not need to move physical money by shaking hands with traders or buyers.
It is possible and easy for the government to create digital currency or cryptocurrency even though the money is of a stable currency type.

This is also the progress of the times and this will definitely happen in the future, where paper money and coins will be written off. IMO

[Michael.sol]

I think Corona virus is really helpful for New invester or big invester , because Bitcoin touch $4500 in these times . I sure that They buy some amount of Bitcoin and sell when Bitcoin touch again a good price .

[Nestle]

How big is the corona effect on bitcoin prices? If digital money is later used and replaces paper money because of a virus, I can ensure the price of crypto, especially bitcoin will increase

[therozaq]

No advantage for virus pandemic like Corona but it just triggers people to be more aware of cleanness and a better lifestyle. I think Bitcoin price can rise also not because of Corona pandemic but it is about halving day. Coronavirus just makes crypto investors keep their funds and not invest much.

I agree with your opinion mate. Corona virus just makes crypto investors keep their funds and not interest much. I dont agree corona virus have advantages. No, It is pandemic. It will affect human life.

[dekafee79]

Many people consider coronavirus to have a large impact on the price of Bitcoin, because at the beginning of the coronavirus the price of Bitcoin had dropped.  But the reality is reversing, ahead of Bitcoin halving, the price of Bitcoin is soaring. 
And the emergence of this coronavirus outbreak made many people limit themselves not to leave the house or lockdown, this made some people think how to get money without having to leave the house. 
And running a Cryptocurrency business is the right choice for those who have big capital, because we can trade or invest in Bitcoin.

It is true, beginning the corona virus, the bitcoin price is drop. I see bitcoin is going up now. I think It is the halving effect. Corona virus also affect the price of bitcoin, But It is not dominant factor.