COVID-19 Increased Bitcoin Adoption

[purpleseven]

Prices are influenced by people who buy and sell. My observation this year is that more people buy and survive until the market recovers

[bigcash2011]

I think once world comes out of covid19 situation there will be much more need for world to move to crypto and already major world is realizing this like Europe is proposing and encouraging its residents to buy and pay in crypto.

[gotbounty]

Prices are influenced by people who buy and sell. My observation this year is that more people buy and survive until the market recovers

Indeed, traders who gave big effects on crypto market. But sometimes other factors also follow to support it such as news/issues that have a correlation with crypto or Bitcoin. Anyway, where do you get the information that more people are trading now?

[Cryptoz]

Well in fact yes. Many parties are now looking for about blockchain technology, crypto, and especially Bitcoin. BTC is trusted and it comes with high value. We believe it will increase the adoption this year and the next years because people seem already know well about its advantage.

[Nestle]

Not all apply things like you think. There are still alternative payments besides using blockchain technology. Is it as popular as the blockchain technology now? The value of bitcoin or altcoin is determined by the number of buyers or sellers at this time

[babu10]

I think we can not aspect more from BTC at this crisis moment where its price now 9k$ cross already. I think very soon it will cross 10k$ and other coins price also will up.

Best of luck BTC and BTC investors. good day.

[hushpupppy]

Covid19 did not increase bitcoin adoption, instead weak hands sold off their assets and went for fiats, so that they could get the neccessary basic needs required for lockdown.

But few weeks later, people reinforced their portfolios after government sent help.
Adoption still at a slow but promising rate

[DogeTalk]

I think bitcoin is having a good thing today since the halving news is about to happen. The price of crypto was able to survive while covid 19 which most people panicked and made the stock market fall

[MrSpasybo]

JackMa once said: where there is a problem, there is a chance
People are trying to restrict their use of cash to avoid viruses, of course, digital cash or cryptocurrencies have the opportunity to grow.
While at home, people may also be more interested in BTC

[I-Bit]

I think bitcoin is having a good thing today since the halving news is about to happen.

Halving is really a good thing for Bitcoin. People are very enthusiastic about halving as it can trigger the rise in price. In the previous halvings, it was proven that there was a big move in Bitcoin price. Now, I assume all people have a big hope for the upcoming halving.   

[Thalassaya]

Bitcoin virtual currency increased surprisingly 'thanks to' translation Corona. According to crypto data site CoinMarketCap, on February 9, bitcoin trading volume reached more than $ 37 billion, market capitalization recorded at over $ 183 billion. The price of the virtual currency bitcoin is trading at $ 10,075, up 2.96%. While the gains of more than 7% for the week are quite impressive, professional traders believe that bitcoin will rise even higher.

[Augusta]

Corona translation affects the economy, many investors will look to investment channels such as gold, virtual money ... So that explains the virtual currency bitcoin starts to rise again when investors investment can be returned.

[Paglamon]

Many countries are currently using blockchain technology to overcome the crisis. Harmony I can see the price of Bitcoin has gone up. But people are trapped in this epidemic. But since they are stuck at home, they have been trading bitcoin. As a result, the number of Bitcoin users has increased. Different countries have already increased the use of this technology. As a result, blockchain technology has improved.

[Tnoy30]

It has affected the economy of many countries. The economies of many countries have been destroyed. Many lost their jobs due to the epidemic. But if we look at the cryptocurrency market at the moment, we can see that Bitcoin is in a good position. Due to the good position of Bitcoin, many people have started using Bitcoin. Bitcoin is a popular currency, as already proven. Banks in different countries have been able to contract and transact with Bitcoin. Traders prefer Bitcoin.

[wawan96]

the price of bitcoin rose gradually correct the pandemic the crisis so long that make people choose bitcoin for their investments usually trade bitcoin will not immediately rise takes long enough to make the market is getting better and demand more and more lead to the trading volume is getting stronger it will encourage bitcoin prices quickly rose.