Very true, i know of alot of persons who joined the crypto world only during the pandemic. Many lost their jobs so they had no where to turn to. Others out of boredom and waiting for things to settle down, also went into crypto as well.
Did the pandemic increase the usage of Bitcoin
- Thread starter cowantussie
- Start date
Since the use of Bitcoin is online, I don't think the pandemic affected the usage of the coin. However, it can affect it for those who wants to buy and can't go out to make some money
Now we've known that indirectly the global pandemic its beneficial to the Cryptocurrency ecosystem. It helped drag lots of investors into it and made it even popular.
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The pandemic made people stay at home due to the lockdown. That increased the awareness of crypto among people. People started to know more about popular cryptos like Bitcoin and others.
Very true i myself it was during the pandemic i fully went into crypto and there are so many others like me as well. We got to see how lucrative crypto currency can actually be
That's tremendous indeed that you ventured into Cryptocurrency investment via this covid19 era. That's when I discovered it too and became active three months ago.
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During the pandemic while people got stock in their homes and obviously getting bored, some got into some form of research and got to know about bitcoin and what it holds for them if they are invested in it. Yes it got a lot of people into the Bitcoin space
A lot of people has been using bitcoin to different transaction before the advent of pandemic outbreak. it is just that pandemic increases its usage as people are unable to go to bank to do normal transaction. People use bitcoin more because they can easily make profit from it as the prices increasing by days.
Not only in bitcoin..I was able to create a state e commerce app..and its doing pretty good
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The pandemic of last year really cause a change in tides in a lot of businesses. It changed the economic dispensation of many economies. There was a change from human service to digital services, due to restrictions on movement. This caused a lot of businesses to digitalize their services.
This in turn led to an increase in the usage of digital currencies such as Bitcoin. Bitcoin was the leading cryptocurrency and naturally took the lead.
This in turn led to an increase in the usage of digital currencies such as Bitcoin. Bitcoin was the leading cryptocurrency and naturally took the lead.
The pandemic paved way for the popularity of crypto (same way previous pandemics have been changing the way things are done). And a lot of people got into it, as it made more big companies to start accepting it as a means of payment.
So yes, the pandemic made crpyto more popular
So yes, the pandemic made crpyto more popular
The pandemic initiated other factors that influenced the demand for bitcoins and that exactly explains the reason why bitcoin Rose higher in price than usual
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Although cryptocurrency was already being used, as you describe, before the pandemic, the pandemic paved the way for its popularity. Many people, in search of profit, began researching cryptocurrencies in the confines of their homes.
During the pandemic the government restricts our activities, we are more active and work from home, and invest in Bitcoin, from the information I got the increasing number of new crypto wallets shows that Bitcoin users are increasing.
People did turn their focus to Online ventures since there was restricted physical movement and physical business and offices were closed which led to people seeing opportunities in crypto
People did turn their focus to Online ventures since there was restricted physical movement and physical business and offices are closed which led to more people seeing opportunity in crypto
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People did turn their focus to Online ventures since there was restricted physical movement and physical business and offices are closed which led to more people seeing opportunity in crypto
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The covid-19 pandemic really needs increase the usage of the crypto currency exchange Business because a lot of people used the market to market to make transactions
That is correct. I believe that cryptocurrency trading and investment have soared higher because of coronavirus pandemic. I like to buy and sell cryptocurrency coins like Bitcoin.
The pandemic is an advantage to some many people, even many discover new way of making money and it also help many to look for different sources of income, many invest in cryptocurrency and other online work
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Yes the pandemic actually really did increase the use of Bitcoin in many ways very obviously that it was inevitable. When people become idle they tend to find something productive with their idle time
The pandemic increased the usage of BTC no doubt, because it made people to consider working online more and buying more of the coins to earn rewards to makeover their offline business failures.
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