Is Coronavirus An Advantage For Bitcoin?

[alltalk]

~ 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. 

[debra]

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.

[azmirihaque]

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.

[gotbounty]

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.

[Malam90]

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.

[Nolbertino]

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.

[rizqillah]

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.

[vegasus]

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.

[Bram Manis]

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.

[Senin]

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.

[comer]

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.

[blue]

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.

[alltalk]

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.

[Master107]

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.

[vegasus]

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.