• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Did the pandemic increase the useage of bitcoin

  • Thread starter Thread starter Ehizzy1
  • Start date Start date
I think pandemic helped bitcoin and other crypto currency gain momentum. When people had nothing to do thet started looking for earning opportunities and they began investing in crypto currencies.
 
Yes, the pandemic is one of the factors for the increase in the usage of crypto currency at large, I know I did make use of crypto currency when I was looking for a means online.
 
Yes, exponentially. It made investors to come in, because they view the coin as an alternative way to cover the cost of their business losses and make some fortunes during the unprecedented time.
 
I do not honk that the pandemic the hit the entire globe increased or in any way affected the use or otherwise of bitcoin. The acceptance was there before the pandemic
 
Ehizzy1 said:
We all know that due to the lockdown imposed by the government which was caused by the pandemic , made a lot of people find means to start earning online

So did the pandemic increase the useage of bitcoin
Click to expand...
The pandemic did not only increase the use of Bitcoin but it also increased the price. Thanks to the pandemic Bitcoin is now skyrocketing each passing day.
 
The Corona virus pandemic increased the patronage and usage of bitcoins,due to restrictions and stay home period, lots of people resulted to online investments.
 
The connection between cryptocurrencies (specifically, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths is investigated. This will aid in determining if cryptocurrencies can be used as a COVID-19 hedge.
 
I think covid pandemic helped the crypto currency market to grow. People who had money started investing in bitcoins, a lot of small investors and big fishes invested heavily in bitcoins.
 
seriously it does because this pandemic had engage some many people with knowledge about the profitability of coins and they really invested in.
 
Yes, the pandemic sure did increase the usage and knowledge of crytocurrencies. I for an instance in my passion to make money discovered bizdustry during the pandemic time.
 
To some extent the pandemic really increased the usage if bitcoins since most businesses are down especially the financial institutions who could help to facilitate payments of business transactions are partially not functioning, people resorted to the use of bitcoins.
 
Concerning if the pandemic increase the usage of Bitcoin . Well, there is no doubt about that because people had to look or source for a means to start earning while at home, and the crypto currency coin was like the best way to start earning online and it doesn't require much stress.
 
One of the reasons why bitcoin was able to grow tremendously is due to the covid pandemic. People were looking for realiable investment platform and they found bitcoins to be trustworthy.
 
Yeah definitely it arose the usage of bitcoin alot didn't get to hear about the crypto currencies stuffs bit during the pandemic break a lot were able to gain from it .
 
Ofcos I would say so because it's at the peak of the lockdown that Bitcoin really surged and the fact that most people and activities were interrupted was also a factor as people had to find other means to survive and crypto was there for the taking
 
Most people were actually trading bitcoins and that was a perfect opportunity for them to make money and some who could not make money during that time in trading only withdraw some of their investment in cryptocurrency.
 
Ehizzy1 said:
We all know that due to the lockdown imposed by the government which was caused by the pandemic , made a lot of people find means to start earning online

So did the pandemic increase the useage of bitcoin
Click to expand...
Since Bitcoin is a digital currency,so it as been increase in usage inside pandemic period because is very easy to trade with and get your transactions and exchange it into your local currency and go straight to the ATM gallery to withdraw your funds.
 
2020 was actually bad for many business, but it was actually much better for cryptocurrencies and crypto trading. It was the year when the prices of cryptocurrencies skyrocketed. However, right now things have GREATLY changed for cryptos as we can see how badly the crypto market has been suffering right now.
 
It is also true that there are people who before the advent of the pandemic, never hard any interaction by way of transaction with the Bitcoin before. But because of the sit at home order, it afforded them the time they will need to now transact and know what this coin is all about
 
Nomad said:
I think covid pandemic helped the crypto currency market to grow. People who had money started investing in bitcoins, a lot of small investors and big fishes invested heavily in bitcoins.
Click to expand...
I can agree with that because there were many people who lost their jobs but those with money in their pocket has the tendency to invest. The crypto market was booming in this pandemic because of the shift of some investors from real estate to crypto. However, I just don't know how long the boom will last with the recent ban of China.
 
You must log in or register to reply here.
Back
Top