Did the pandemic increase the useage of bitcoin

[btaliat]

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

Yes. Even if you check the upsurge of bitcoin, you will discover that it was around October during the lockdown. People who were home doing nothing found solace in working online.

 

[Ehizzy1]

Yes dear, due to this pandemic situation a around the world, behaviour of people is changed and the investors move towards the online trading with Bitcoin, now this is increasing day by day, so bitcoin will bounce more in the coming year.
[automerge]1609153278[/automerge]

Yes dear, due to this pandemic situation a around the world, behaviour of people is changed and the investors move towards the online trading with Bitcoin, now this is increasing day by day, so bitcoin will bounce more in the coming year.

True i think bitcoin is now ranked as one of the world most profitable asset with the current pandemic , it has impacted the bitcoin word positively

 

[MastetG]

I think, since the coronavirus outbreak, the correlation between Bitcoin and the equities market has increased. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 after the S&P Index in the USA saw a sharp decrease. The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere.

 

[Ojonuyo]

Yes and No. The pandemic increase the worth value of Bitcoin like never before and this increment took the world of crypto currency by surprise. No one saw that coming and to those who have forshaken Bitcoin were amazed.

To those who still had money in their account left for saving, quickly investment and start reaping large harvest. To those who do not have savings were left to watch and not to partake.

 

[WhiteHouse]

The main aspect in which bitcoin value depends is adaptation by masses and is built on the foundation that when Fiat currencies fail people should have some alternate currency.

So a life threatening virus that does not have a vaccine would have negative effect on Bitcoin value because in the end Life is whats worth the most.

 

[Ralphjoe]

The pandemic actually increased people's usage of Bitcoin especially me, this is the first time that I am using Bitcoin and I am so loving it.

Using Bitcoin as a payment gateway has exposed the limitations that the PayPal that I have always desired has as regards the high transaction fees and low exchange rate of the money to my local currency. Discovery of Bitcoin is one of the best things to happen to my financial Life.

 

[Tienda]

Without the doubt the pandemic increased the usage of Bitcoin and all other cryptocurrencies. If we do the analysis of how many people used the cryptocurrency market before the pandemic and now, we will find a big difference is possible the number is three times more than before. Because of the lockdown people have their time to navigate on the internet.

 

[Ehizzy1]

I think, since the coronavirus outbreak, the correlation between Bitcoin and the equities market has increased. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 after the S&P Index in the USA saw a sharp decrease. The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere.

Hmm i never knew about this ,but i am very sure that the drop to $4k was really huge , i think many people were also turning to sellers as there were many bad rumors about bitcoijn , falling to zero i think, so this put fear in everyone and made them sell quickly

 

[Gilead]

Before covid a lot of people invested in bitcoin,but when the pandemic hit the world, more people started investing in not just bitcoin but other money making online platforms ...And even after the corona pandemic is over, i believe even more people will sort online how they can invest in bitcoins

 

[Ltherman]

Most definitely it aided seamless and quick transactions and besides the idle nature of the lockdown which enabled some persons try out new things.

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

 

[Hassan14]

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

Of course I have had a lot of success in bitcoin in this pandemic disease. I was not so interested in it before. We used to stay at home more during this disease so I did and now I invest in it and a lot. Make more money It is also good to invest in it because we get more profit and they get more money.

 

[Ehizzy1]

Of course I have had a lot of success in bitcoin in this pandemic disease. I was not so interested in it before. We used to stay at home more during this disease so I did and now I invest in it and a lot. Make more money It is also good to invest in it because we get more profit and they get more money.

True same with me , i think once you know how to set your price well and know when to invest and when not to invest am very sure you would like to invest more in bitcoin , because most people also make loss and profit when trading bitcoin

 

[Asad Ali]

Yes because people staying in home and no income from any source so people try to do online work and earn bitcoins and some of the people have some savings so they invest in Cryptocurrency to get huge rewards. That's Why cryptocurrency is going up and up day by day.

 

[Ojonuyo]

I can not say whether the pandemic increased the use of Bitcoin. But all I can is that the pandemic increase the worth of Bitcoin. And in spite of how the pandemic affected so many businesses and crypto currency negatively, Bitcoin was still high in worth.

 

[Nurudeen]

The pandemic really increased the useage of bitcoin most physical outlet are on lockdown and online market place are now accepting bitcoin as a means of payment. More people are eyeing away from fiat currency and actually using bitcoin just because of its high value than fiat currency in the market place.

 

[Damismiling]

The question if lock down as increased the usage of Bitcoin, I would say a big yes, before now I have not been using Bitcoin but with the lock down have been doing more of online work that pays in Bitcoin.

 

[Chumzy]

I don't think the pandemic had so much impact on bitcoin. The only thing I can say for sure is that it improved the attention people paid to things in general. Many people had time to look at other things that are not in their regular way of life.

 

[BrolySSJ]

I am not really sure if there is any relationship with the covid cases cand bitcoin or others , but i am quite sure that the covid cases aided the lockdown imposed by the government so many people who had no jobs or work offline ,have to start investing on crypto to earn online

Yes this is one of the strongest and most prominent link between the two in my opinion. I think that another reason why they were found to increase the crypto usage through the pandemic was that crypt offers us a way to make a payment that is considered to be contactless which is especially important in these pandemic situations. You do not need to be close to anyone and therefore can make payments from home and whilst maintaining social distancing.

 

[Akinwale701]

of course, one of them is me, people must stay home and they don't have to do so they will move to cryptos and ways to make money online.

It surely did. it enhances online payment for some goods in case of stores that receive bitcoin as payment method, also, due to the lockdown, a lot of people were able to concentrate on bitcoin business online and many other things like that

 

[ahmedo24]

The more the online shops and even offline malls continue to accept bitcoin the more the influence and fame will increase and call the attention of government to fully legalize in countries it is yet to be legalized. The pandemic added value to bitcoin.