Covid-19 and Bitcoin

[AshieLemon15]

We noticed the bitcoin crash at the beginning of the COVID-19 pandemic. It was happened due to a massive sale. But slowly it was recovered and we have been seeing a very good movement currently. It's because most likely people want to keep their assets on their hands instead of keeping on a third party. It would be easier for the sale during emergency situations. On the other hand, there are not many opportunities to invest your money in real life due to pandemic. Invest in bitcoin is quite easier by comparing with other investment opportunities. I believe that's the reason why bitcoin is uptrend even during this pandemic.

[Mr. Cid]

People are getting wiser. They are investing in a legit broker.

We are just too lucky that the crypto trading instruments have been gaining its momentum.

[Alexthedefender04]

if the stock market crashes I believe it is because of covid-19, I also see many companies going bankrupt due to the status of this pandemic, I spend more time at home working on the internet including trading, but if the price of bitcoin goes up because of covid it seems impossible, because I believe in the history that will repeat itself after yesterday's bitcoin halving, usually will make bitcoin prices soar afterwards

[darexgeorgieviya04]

Yes Covid-19 made us stay at home for months for that reason the stocks crashed. So I'm thinking stock holders pull out all of their investment and see the potential of bitcoin and invest it here.

We can't really answer your question because we can't tract the bitcoin user before and after covid-19.

[Newbie_trader]

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

People are getting wiser. They are investing in a legit broker.

[PALM]

No, if bitcoin price rise caused by this pandemic... Bitcoin will bullish since January until now, but its not since on March-April Bitcoin got dump (<$8000). Online payment is one of Bitcoin aspect, IMO majority not use it as online payment because the adoption is still not massive... majority will use paypal or credit card rather than bitcoin.

[Mr. Cid]

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

The increasing value of the Bitcoin has nothing to do with the pandemic.

[sashavich04]

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?