Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Paglamon on May 22, 2020, 10:04:36 AM
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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?
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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.
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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.
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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.
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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!
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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.
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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.
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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.
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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
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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.
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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
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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 .
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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
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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.
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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.
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This corona has no impact on Bitcoin...
just see whether the interest in Bitcoin is increasing at this time. Bitcoin is not affected by corona.
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Bitcoin is still strong despite corona. I believe the price of bitcoin will continue to increase in this situation. Corona doesn't really have an impact on bitcoin. Bitcoin is still a favorite.
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I believe the price of bitcoin will continue to increase in this situation. Corona doesn't really have an impact on bitcoin.
I doubt if Bitcoin will have significant move in the near future. Even Covid-19 doesn't bring big impacts on Bitcoin price, but it makes crypto market has not really big demand. Low demand causes a lower price in Bitcoin and also others.
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Coronavirus very negatively affected the price of cryptocurrency at the stage of its appearance, causing Bitcoin to almost double in price. Since then, bitcoin and other cryptocurrencies have slowly regained their positions. We can definitely say that coronavirus did not bring anything positive for cryptocurrency. This is a disaster in every way.
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I think many new investors are coming in cryptomarket they are choosing bitcoin for investments because totally the world market is declined so they are moving to the crypto market thus many cryptocurrency exchanges trade volume is increasing significantly in this pandemic situation .
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Coronavirus a dangerous vital pandemic in recent times,, many people are still deaths in pandemic corona all over the world. Hence in bitcoin market corona how it positive impact on bitcoin market i don't understand. If corona not impacted 2017 market but it hitted the highest level.
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What benefits do you get from Coronavirus for Bitcoin? In fact, everything is chaotic because of this pandemic. Only rich people can survive and still trade Bitcoin. Little people and poor people like us, even more destroyed after the Covid-19 Pandemic. But those who are still able to trade and invest in Bitcoin, they have certainly got a big profit after the price increase of Bitcoin a few weeks ago.
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The corona Virus has proved that Bitcoin is a safe haven with the price skyrocket. The volatility we experienced today is a sign that we need a platform like KoinPro to safeguard our assets from a sudden crash while also making profit in any market condition.
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Coronavirus is the name of a huge epidemic. The corona virus is spreading all over the world. I do not think it is possible to change the status of bitcoin because of the corona virus. However, many current projects are successfully launching. This is because many people are starting to invest their money in cryptocurrency. Because of the epidemic, all their work is stopped.
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Corona virus is a serious threat for human and you talking corona has a positive impact on bitcoin and others cryptocurrency. Strange...
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In my analysis, the Covid19 pandemic made the market and the people gloomy when we are talking about the future and that is why at the start of the virus popularity Bitcoin made some dives but as people recovered so does Bitcoin. So we can say that it is actually the sentiment of the market that directly affected Bitcoin. And the virus affected people's sentiment.
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I don't think Coronavirus is an advantage for bitcoin. In fact, Covid-19 negatively all aspects of our lives, including finance. Imagine if Covid-19 never existed, how much money people would invest in crypto trading? Obvioulsy it would be much more than some limited numbers from government aids. Sadly there's no if. Coronavirus destroyed many things. Bitcoin is no exception.
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The coronavirus has a negative and also positive impact. however, to say that this pandemic is an advantage for Bitcoin,I also don't think so. Whatever the condition, this coronavirus really influences so many factors including this crypto world.
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There has been an impact on the decline in Bitcoin prices at the beginning of this Korona virus spreading across the country. But we feel that Bitcoin can also pump high when conditions in different countries are attacked by viruses. But we also have to be wary of Bitcoin because anytime Bitcoin can return degenerate.
As now Bitcoin Price declined again and this made a lot of people panicked. If you've invested better be patient and hold your coins. If this corona virus is over, I think it will give a good impact on crypto.
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Corona virus did not affect Bitcoin and the cryptocurrency market in general, on the contrary, the cryptocurrency market with Bitcoin, became much more popular and more in demand during coronavirus.
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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.
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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 $225. So i believe that corona has a potential impact on the bitcoin global market.
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What does it mean, I don't understand. To be sure with this coronavirus, many countries panic, many people are worried about getting this virus, and the impact of this coronavirus on the global economy is also very large, many people lost their jobs because of this pandemic. Then what are the benefits for Bitcoin? maybe because Bitcoin is Digital Cryptocurrency, so there's no way Coronavirus can attack Bitcoin.
But there is one advantage here, namely people who work in Cryptocurrency, ranging from investing or trading Crypto. They are not at all affected by the existence of Lockdown because of this Coronavirus, they can still work and make a profit.
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Actually we should not think like you saying corona virus an advantage for BTC. Yes BTC price maybe up in the crisis moment of nCOVID but we lost many men in this situation and still the flow going. So these life can not make over BTC. Those who are love in BTC and still are in safe in this crisis moment may be gainer where its price was 3.5k$ maybe. So in one way its brings us to advantage but if we think massive way its our great loss.
thanks.
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According to statistics (https://www.forexbrokerz.com/news/revolut-jump-demand-crypto) released by Revolut, cryptocurrency trading and Bitcoin trading in particular spiked during the lockdowns, so the pandemic did have that beneficial effect.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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~ 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.
Do you have data or reading on a valid source about this? It is actually interesting that pandemic can influence people to use crypto, especially Bitcoin. I agree that it makes sense because we don't need to go out to trade Bitcoin and even can buy foods by Bitcoin just from home. However, I still didn't find the data from a valid source until now. If you know about it, it is much better if you enclose it in your reply. ;)
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Corona destroyed the market and Bitcoin price this year. Luckily, we still have a halving day that happened in May. These two things gave positive and negative trends in the current market. But this time, it seems we will have a bad time in crypto market since the Bitcoin price dropped.
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At present, Corona virus is an alarming name for the world. But it has created a positive sign on the bitcoin market. When people was staying at home leaving their work, they were thinking, how they could open an income source without leaving their home. Many of them choose the crypto market and invested their fund on bitcoin. That's why investment on bitcoin has increased than before. The value of bitcoin is higher than any other time. So, I think, COVID-19 is an advantage for Bitcoin.
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Probably yes. In fact, during this pandemic many people are interested to enter the crypto world especially earning money from BTC. IN this case, we may not be able to get high profits however at least we can earn money from this during the pandemic. Many people start trading BTC even they are new.
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I won't say it is directly advantage but it has indirectly affect on Bitcoin's spread in corona time. We know majority people are confined at home as a result of coronavirus. They are free and passing time at home. Many people find a way to earn from online. Here investment in Bitcoin or trade and bounty are the main source of earning staying at home. We have observed its positive effect on crypto market in the bad time.
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Almost everyone is influenced by the spread of Corona viruses. Many people who lose their jobs, the school to date are still closed, and the economy decreases. But there is little impact on the price movements of Bitcoin and all digital currencies.
A few months ago the price was very low and it happened very quickly. But it doesn't take long time Bitcoin pumps back. The perceived impact is when everyone has to do quarantine and they definitely need income. So a great solution for making money in crypto trading. The trading volumes in these months have also increased.
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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?
It think corona virus doesnot affect the bitcoin, So dont say corona virus is advantage for bitcoin. Because It is pandemic, Maybe many investor prefer to invest in bitcoin and altcoin than fiat money or share.
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It think corona virus doesnot affect the bitcoin, So dont say corona virus is advantage for bitcoin.
Sorry, I don't really get your point. Not sure what you are trying to say, bro. If the virus doesn't bring impacts to Bitcoin, then why the price of Bitcoin seems hard to increase. I think this is the sign that even it is small but the virus has impacts to the Bitcoin value currently.
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No, however, that this pandemic condition affects everyone. The price of Bitcoin has not affected Corona and Corona does not provide benefits. Bitcoin is a very valuable cryptocurrency because it has a huge demand. But now there are many people doing quarantine themselves. For people who currently need money when you do quarantine and with a big profit result. Bitcoin can be a good solution for making money. However, beginners should be careful and read a lot about the crypto information.
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The spread of coronavirus did not and could not give any advantages to bitcoin. When the coronavirus appeared and everyone started talking about it, all markets, including cryptocurrency, fell sharply in price. The price of bitcoin has also plummeted in mid-March and is recovering to date.
At the same time, the consequences of controlling the spread of coronavirus can significantly affect the price of bitcoin. The allocation of large funds to combat the spread of coronavirus, the shutdown of institutions and enterprises, transport, and the increase in unemployment have significantly weakened the economies of all states can lead to a global economic crisis. A decentralized cryptocurrency in such conditions can significantly increase in price due to an increase in demand for it, since people will be saved from inflation of ordinary currencies.
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Well, many think that because people is jailed in their own house they tent to more engage to crypto currency. Thus, price in increasing or stabilising even the world face this covid pandemic. Maybe, it brings some people to crypto space that's why the.price of crytocurrency is not falling hard. Other than that I could not see any reason on why crypto world benefited on this pandemic. Honestly, at first I thought that the pandemic would crash the crypto world because people will withdraw their money in order to support their daily needs.. but luckily, there were still many people who trust and believe crypto currency that brings the price to an increase and not falling it very hard.
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At this pandemic situation, BTC is one of best coin to trade. many new investors are entering in cryptomarket , actually at the past three months BTC growth is too high BTC gave good opportunity to earn profits during the pandemic.
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At this pandemic situation, BTC is one of best coin to trade. many new investors are entering in cryptomarket ,
Indeed, many people choose Bitcoin as their investment lately because it is easy to learn as an investment. And Bitcoin also offers a big chance to take high profits only by holding and buy at the proper time. Bitcoin is also becoming more popular with many people successfully investing in Bitcoin. Other people want to follow success, then many people try to invest in Bitcoin as well.
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Still unclear for me. What is clear, is that corona virus transmitted easily and quickly affect the world economy, outdoor activities, flight, and there's more.
The result, lockdown.
Under the law to stay at home to stop the massive virus transmission.
The advantage, the earth breath widely. The animals freely moving and playing while human is at home.
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What is clear, is that corona virus transmitted easily and quickly affect the world economy, outdoor activities, flight, and there's more.
You are right that Covid-19 clearly to bring effects to the world economy. It makes people use their money only for urgent needs like daily needs and health purposes. I think most investors also do the same ways as others, they prefer to use the money for urgent needs and wait for the time to invest.
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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.
Do you know what you are saying? Sorry no offense dude, But coronavirus has no connection with the price of Bitcoin whether it gets higher or not. Remember Bitcoin was virtual money and coronavirus has nothing to do with it because Bitcoin was volatile and COVID is not, just a thought.
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Even in the pandemic, not all people can realize that Bitcoin can be the solution to the next currency. So, I think Coronavirus isn't to take advantage for Bitcoin. Instead, it makes the value of Bitcoin to decrease. This makes the situation of halving is a bit different than previously.