Did the pandemic increase the usage of Bitcoin

[Josemendez]

To an extent I will say yes . The pandemic has helped in improving bitcoin usage in the world because people while at home got the knowledge of bitcoin and thus were able to make money from it. Some saved their palliative money in bitcoin .

 

[GIFTMICHAEL]

It really made lots of people to come into the BTC investment queue in order to regain some loss funds which pandemic made them lose via their offline business.

 

[Ayokex]

Well you could say the pandemic did indeed have an influence on Bitcoin to an extent because it was during the peak of the pandemic that Bitcoin recorded it's highest value

It was very obvious that pandemic increased the use of cryptocurrency especially when the tension was very high and there were lockdown in almost all the countries of the world. Many people that couldn't go out to perform their transactions decided to carry it out online with the use of cryptocurrency.

 

[Sincerem]

The pandemic made lots of people to be interested investing into BTC and any other Cryptocurrency. Since covid19 struck their business on the low with no sales, they ventured into online to recover what they've lost.

 

[Senator]

Well you could say the pandemic did indeed have an influence on Bitcoin to an extent because it was during the peak of the pandemic that Bitcoin recorded it's highest value

You see. So you observed that surge in he value of Bitcoin yourself too. That pandemic really opened a lot of people's eyes to the benefits involved in just simply holding the Bitcoin in that era

 

[Kunkun]

It was very obvious that pandemic increased the use of cryptocurrency especially when the tension was very high and there were lockdown in almost all the countries of the world. Many people that couldn't go out to perform their transactions decided to carry it out online with the use of cryptocurrency.

Definitely the restrictions really make us go towards Bitcoin, like during the lockdown since we can't go out people looked online and Bitcoin was there

 

[Chibson]

A lot of people never really knew what bitcoin and cryptocurrency is all about before the pandemic. I am a total example of this set of people but now I am a trader.

 

[Ayokex]

Yes, I think you are right, since in view of the pandemic many people began to spend more time on the internet and to investigate ways to generate profits. Bitcoin is one of them and nowadays it is the most named and recommended. Many people, including myself, have researched and invested in crypto.

It is quite obvious now that the outbreak of the pandemic is responsible for then increase in the value of Bitcoin. Since there were restrictions in people's movement, most of them had to look for an alternative way to carry out their business. This resulted in the high demand of Bitcoin.

 

[Sariana23]

It is quite obvious now that the outbreak of the pandemic is responsible for then increase in the value of Bitcoin. Since there were restrictions in people's movement, most of them had to look for an alternative way to carry out their business. This resulted in the high demand of Bitcoin.

Your word is correct, bitcoin, or any other cryptocurrency, has become a means of doing business and even more so to generate profits. This increased the number of people who decided to invest in them.

 

[Sotherefore]

I think it did not actually increase but it actually decrease the usage of cryptocurrency because during that time a lot of people who invested in cryptocurrency have withdraw some of their money for Daily upkeeping since people were not able to work again.
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I don't believe it increase the usage of bitcoins because during the pandemic. A lot of people were selling out their cryptocurrencies in exchange for dollars or currencies that is accepted in their location and use it for buying of goods and services since people were not able to work.

 

[Prettyjanie]

Before the pandemic i dont realky know much about bitcoin and other crypto currency coin but during the lockdown , I was introduced to bitcoin and i noticed people all over starting dealing with bitcoin and other crypto currency.

Absolutely, since a lot of countries were on lockdown, some of us had the opportunity to learn about the crypto world, so I would say Bitcoin must have recorded increase during the period of pandemic.

 

[Ralphjoe]

I don't think the pandemic has a big role in the popularity of the Bitcoin. We have to admit that Bitcoin is the most popular of the crypto currencies around and I there's more than 2,000 of them now. Anyway, what's affecting the price of Bitcoin now is China's crackdown. Bitcoin is prohibited in China whether you trade it or keep it.

You will agree with me that the price of Bitcoin started growing at an alarming rate at the start of the pandemic. And you can't say that this was a coincidence because the price of Bitcoin has been down for years before the start of the coronavirus pandemic which increase the price of cryptocurrency.

 

[Jlife]

Before the pandemic i dont realky know much about bitcoin and other crypto currency coin but during the lockdown , I was introduced to bitcoin and i noticed people all over starting dealing with bitcoin and other crypto currency.

if you said that during the lockdown a lot of people were dealing with bitcoins then why was the price of Bitcoin is going down, because it is in the lockdown that the price of all cryptocurrency experience the highest bearish movement.

 

[Dubai]

I want to believe that the pandemic obviously increased the usage of bitcoin. Many transactions became remotely done due to lockdown and cryptocurrencies were mostly used online.

 

[ranamal]

I Got a free time because of the pandemic and I thought make my free time to make some money through online and I started searching online and I just reached here and got some more few good sites to earn

 

[Robust]

Yes, the pandemic has really increase the usage of Bitcoin at my side. In fact, I do not even know what is Bitcoin self, it was during this pandemic that I got to know about it.

 

[Heatman]

We all know that the pandemic creates a lot of restriction in the movement of people and the closure of business which made a lot of people turning their attention and time to online which made a lot of people start earning online and also investing in bitcoins

Yes of course in my country since they outbreak of the pandemic of coronavirus, the use of cryptocurrency became so very popular and a lot of people started investing in cryptocurrency and trading as well.

 

[Sariana23]

I want to believe that the pandemic obviously increased the usage of bitcoin. Many transactions became remotely done due to lockdown and cryptocurrencies were mostly used online.

That's right, the blockade that arose as a result of the pandemic forced people to conduct their transactions online between countries, and many only accept cryptocurrencies for their convenience. This is the main reason why I agree that the pandemic increased the use of Bitcoin.

 

[Lens]

The pandemic made many people switch to online earnings. So many people look for alternative ways to make money aside their offline business that's is affected by the pandemic. If the check the statistics of the bitcoin usage at that period, you will see a significant increase

 

[Sotherefore]

The pandemic periods increase the usage of bitcoins and also at the same time reduce the number of investors because people who invested in bitcoins before pandemic withdrawn most of their money to take care of their need during the lockdown period.