Did the pandemic increase the useage of bitcoin

[Jlife]

I believe so because people were no more using the physical currency because they were not able to move out from their location,people were now considering the the use of bitcoins to order for goods and services online, I believe it increases the usage of bitcoins.

 

[Alexandoy]

I believe so because people were no more using the physical currency because they were not able to move out from their location,people were now considering the the use of bitcoins to order for goods and services online, I believe it increases the usage of bitcoins.

When people are locked in due to the pandemic they turn to things that can be exciting, entertaining and relaxing. There is a hype on gardening because it is relaxing. With streaming movies they are entertaining. The Bitcoin is an investment which is like gambling that makes it exciting for some people.

 

[Nomad]

I strongly believe that covid pandemic helped the crypto currency market to grow big. Not only big investors but even small investor started investing on various crypto currencies in 2020 as as well as in 2021.

 

[Jlife]

I believe so because even that time a lot of people were sitting at home and bitcoin what the normal mode for transaction then because they all switch to digital way of ordering for goods and services, bitcoins actually increase during that time.

 

[Richard92]

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.

I will say the pandemic increase the usage of Bitcoin, because during the pandemic the transaction rate of biticon increased.

 

[Ralphjoe]

Yes, that's the reason why bitcoin rise. People utilize the bitcoin by stying home and i am one of them. The pandemic forced many people to learn about other crypto currncies and lift their heart from other stock

This is actually the main reason why the price of Bitcoin increases in value because there is now and high demand of the cryptocurrency or questions by the vast usage of it.

 

[BTCBEE]

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

people are at home in many countries and still, the corona is an exit in our life so i must say people are spending their time on screen so they want to use it earn it invest into bitcoin.

 

[eLdavis]

The recent paramedic greatly increased the use of bitcoin and crypto currency in general. During the paramedic, there was total lockdown so many could not go to their jobs and business. Majority had to result to online jobs and investments such as trading in the forex market and crypto trading. Some started investing and holding the bitcoin.

 

[Chibson]

The coronavirus pandemic definitely affected a lot of things and of course a lot of people ventured into different online businesses including cryptocurrency. So it increased the usage of Bitcoin.

 

[Good-Person]

This is actually the main reason why the price of Bitcoin increases in value because there is now and high demand of the cryptocurrency or questions by the vast usage of it.

Unfortunately, many countries are banning bitcoin and this is something to worry about if you are a bitcoin trader. Things were going really well for Bitcoin and other cryptocurrencies in the year 2020 but right now the recent crypto fluctuations caused many people to become upset. But still bitcoin is recovering and we really hope it will rise at a great speed.

 

[Ralphjoe]

Unfortunately, many countries are banning bitcoin and this is something to worry about if you are a bitcoin trader. Things were going really well for Bitcoin and other cryptocurrencies in the year 2020 but right now the recent crypto fluctuations caused many people to become upset. But still bitcoin is recovering and we really hope it will rise at a great speed.

This is also my greatest expectation for Bitcoin to arise and recover to it's previous prices when it got a $25 price threshold in the past. The way the Bitcoin cryptocurrency works appreciating and the past made me think that the cryptocurrency will definitely go beyond $100, 000 price range.

 

[Trexxxy]

I think the use of cryptocurrencies generally. The lockdown paved way for a lot of people to seek and explore some of the things that seemed strange at first.

 

[Dowenship]

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

We can even carry out the statistics from this forum, if we ask members of this forum when and how did they know about crypto currency. You will realise that many came to the knowledge of crypto during the pandemic..

 

[Good-Person]

I think the use of cryptocurrencies generally. The lockdown paved way for a lot of people to seek and explore some of the things that seemed strange at first.

It might be possible that lockdown might have affected the price of crypto but I am not sure. The Crypto price would have increased more if the recent market crash would not have happened. Unfortunately, continously banning Bitcoin caused a lot of loss to many crypto holders but Bitcoin will soon recover when miners will find new countries to mine coins.

 

[Shigobad2020]

Sure i guess those people will have a lot of time to be able to trade crypto currency and made a lot of profit in return

Definitely yes , covid-19 has opened the eyes of many people into using bitcoin and other crypto currency coin, me for an example i started using crypto currency during the pandemic time.

 

[Haveit]

I am of the notion that the pandemic increased the usage of bitcoin because the pandemic led to large loss of jobs and people looking for means to make ends meet which crypto provided.

 

[Trexxxy]

It might be possible that lockdown might have affected the price of crypto but I am not sure. The Crypto price would have increased more if the recent market crash would not have happened. Unfortunately, continuously banning Bitcoin caused a lot of loss to many crypto holders but Bitcoin will soon recover when miners will find new countries to mine coins.

True, but did the pandemic affect the price of crypto, I don't know because I wasn't following then. Countries banning crypto dosen't affect the market.

 

[joy101]

I may say that pandemic has increase the earning in cryptocurrency because those that stayed at home has engaged in cryptocurrency earning because pandemic.

 

[Good-Person]

True, but did the pandemic affect the price of crypto, I don't know because I wasn't following then. Countries banning crypto dosen't affect the market.

The price of crypto rose A LOT in the year 2020. However, I am really not sure if pandemic was the main reason for this. The fact of the matter is that the crypto was going really good until the recent crash. Whenever a country bans cryptocurrencies, the price of crypto do indeed fall. A recent ban by several countries did have an effect on crypto price.

 

[Dowenship]

Definitely! The price did go up and that pulled more users than ever to the coin. The pandemic also forced a lot of people to shift investment into Bitcoin.

People Sitting home is the root cause of increase in bitcoin, i can bet it that many of us here just hear about bitcoin but not interested, but this forum enlightened us more.