COVID-19 Increased Bitcoin Adoption

[raisajahan]

In my opinion people are involving in crypto currency market but most of them are observing the crypto market and few of them are going to invest in the market in covid-19. Because of covid-19 most of the peoples income range are decrease day by day. So the power of purchasing and investing is decreasing day by day. In this situation the price of bitcoin should be decrease but right now the price of bitcoin is in a good position.   

[Senin]

It just so happened that the spread of the coronavirus really helped a lot to strengthen the position of the cryptocurrency. They became much more interested in her during the period of forced quarantine. They pin their hopes on it, if necessary, to save itself from the high level of inflation of national currencies. Also, governments saw the need for more use of digital money, since paper ones turned out to be carriers of the coronavirus. This has accelerated the development by governments of their digitalized central bank currencies, which also boosts people's interest in cryptocurrency.

[Mas Bro]

Due to Covid 19, many people are suffering, are prohibited from leaving the house, are prohibited from gathering and social restrictions have made many people start investing in bitcoin. Because they want to get additional income during a pandemic even though they live at home. Because investing in cryptocurrency can be done at home.

[Tnoy30]

Due to Covid 19, many people are suffering, are prohibited from leaving the house, are prohibited from gathering and social restrictions have made many people start investing in bitcoin. Because they want to get additional income during a pandemic even though they live at home. Because investing in cryptocurrency can be done at home.

The state of the bitcoin market has changed during the global epidemic. The market situation has improved a lot during the epidemic. Bitcoin transactions have grown significantly in the digital ecosystem. Bitcoin is gaining more and more popularity all over the world. So the complexity of Bitcoin’s dignity is increasing. Although the economies of many countries were destroyed due to the epidemic, the bitcoin market was not destroyed.

[lepbagong]

Due to Covid 19, many people are suffering, are prohibited from leaving the house, are prohibited from gathering and social restrictions have made many people start investing in bitcoin. Because they want to get additional income during a pandemic even though they live at home. Because investing in cryptocurrency can be done at home.

actually there is no fundamental change or there has been a spike due to the pandemic so that crypto users have increased in number. there seems to be no direct link between the pandemic and crypto. even though there are restrictions by only staying at home who know about crypto does not increase, but still. just maybe the intensity will increase. but we know that when the pandemic was all in trouble, the trade was clearly not increasing, maybe just bounties. but we know that during the pandemic, no bounties worked, even bounties were rare.

[Nusrat]

It can also be said to be a good opportunity in the crypto market due to the epidemic coronavirus.  If this virus can pass from one person's body to another through paper.  Then a paper cashless economy is a safe solution.  Crypto paper can be a good alternative to cash due to lockdown.

[Carbitcoin]

It can also be said to be a good opportunity in the crypto market due to the epidemic coronavirus.  If this virus can pass from one person's body to another through paper.  Then a paper cashless economy is a safe solution.  Crypto paper can be a good alternative to cash due to lockdown.

in any case, already today there is a report from the State Department about when the end of Fiat money will come. the first stage is the destruction of fiat money, this is a complete transition from paper to digital money, Perhaps then a full-fledged era of cryptocurrency domination will come.

[gabbie2010]

Lockdown restrictions due to Covid-19 has given a lot of people the ample opportunities to learn more about Bitcoin imagine the price of Bitcoin felled or dumped massively during the announcement of the first  phase lockdown in early last year however the price recovered rapidly when a lot of people had acquired knowledge on it and there was massive investment that culminated to the price pumping and bulls taken over the market.

[zilzylian]

The transaction system used during the pandemic for payment is a digital transaction system, all countries impose payments without having to use fiat or direct human contact, possibly this is what causes the need for Bitcoin to continue to increase, because some people send large amounts of money, so that they choose Bitcoin to make payments, so the price of Bitcoin has increased until recently.

[Laxmi Sharma]

Coronavirus did not have any effect on the cryptomarket in the first stage of coronavirus, hopefully, this second stage of coronavirus will not have any effect on crypto market. The crypto market is still upward, hopefully upward.
And hopeful the market will continue at its own pace.

[Alcor]

Due to the spread of the coronavirus, when states saw that their paper money also became a distributor of this virus, they became more interested in digital types of money, and people at this time became more interested in cryptocurrency. Therefore, after the initial price drop, bitcoin and other cryptocurrencies began to gain more popularity. Further self-isolation only exacerbated this trend, so it is not surprising that the popularity of cryptocurrency over time

[Muneeb22]

Because of COVID19 the Bitcoin usage is so much and so many peoples will start to use the bitcoin in their normal life they send and receive the money through use the Bitcoin and they use this becasue paper money is also the source to spread the virus if any Corona patient will use that paper money and he or her spend that then the virus spread in a seconds and this is not good.

[Lenipiw]

Coronavirus did not have any effect on the cryptomarket in the first stage of coronavirus, hopefully, this second stage of coronavirus will not have any effect on crypto market. The crypto market is still upward, hopefully upward.
And hopeful the market will continue at its own pace.

  I think a lot of cryptocurrency projects started to shut down during the global epidemic. And many investors started selling cryptocurrencies. I think it's their stupidity. Because the state of cryptocurrencies has improved a lot during the epidemic. Currently, the cryptocurrency market or the price of Bitcoin is improving

[lepbagong]

Coronavirus did not have any effect on the cryptomarket in the first stage of coronavirus, hopefully, this second stage of coronavirus will not have any effect on crypto market. The crypto market is still upward, hopefully upward.
And hopeful the market will continue at its own pace.

 
yes, there is absolutely no effect that occurs with the state of the coronavirus pandemic with the existence of crypto. because it is clear that crypto has its own system that has nothing to do with it. the presence or absence of coronavirus are two very different things although perhaps the level of the economy can be said to be greatly affected.

I think a lot of cryptocurrency projects started to shut down during the global epidemic. And many investors started selling cryptocurrencies. I think it's their stupidity. Because the state of cryptocurrencies has improved a lot during the epidemic. Currently, the cryptocurrency market or the price of Bitcoin is improving

maybe the project was closed because they had already scheduled their marketing they could travel around, so they could hold information meetings for investors in many countries. but if you can make changes to the schedule by doing it via virtual, obviously it will not have any effect at all, it can actually reduce the costs that must be incurred.

I agree, that things that are done too hastily are certainly not good, especially when it comes to selling crypto where the price is currently falling, but selling it when it is increasing is obviously very wise and lucky.
we know that at this time crypto is improving and the pandemic is not reducing people to trade and invest in crypto, because the increase in crypto is starting to be seen.

[mlawson71]

I think the consequences of the pandemic increased interest in cryptocurrencies, in a way. A lot of people were home and had time to research the matter, after all.