Coronavirus, effect to bitcoin?

[Clark5 23]

Investors are looking for assets that could withstand the slowdown triggered by lockdown imposed by governments. While some look at the safety of government bonds, others are taking recourse to gold. Some investors in India have found Bitcoin attractive too. The Supreme Court ruling that the central bank can’t halt trading in it is also helping the cryptocurrency. We will see what happen soon 
 

 

[rafa31x 198]

The bitcoin could be as high as $28,000. Last year, the maximum was about $14,000, which would almost double by 2020. One of the reasons that has led the world's first digital currency to accelerate its maturation is the coronavirus pandemic itself. 

[kidblinblin 24]

Since the beginning of the pandemic, cryptocurrencies have been an alternative mode of payments globally. The lack of liquidity generated by the paralysis of the global economy opened a range of opportunities for cryptocurrencies. To be more specific, Bitcoin, which is the cryptocurrency that sets the pace of the market, fell from USD 9,117 to USD 5,174 per unit between March 6 and 13, which represented a decline of at least 43.2% of its value. Evidently a chain reaction was suffered by Ethereum, which contracted 54% falling from $ 272 to $ 125 from February 13 to March 13 roughly to mention the two largest crypto currencies.

 

[Katynguyen 31]

China is Hugh population and well developed country also, and they know crypto currency China also launch their own exchange and coin also, and they are so many investors in crypto now suffering from corona virus, this not good new for crypto because they money for treatment so they sell their bitcoins, when so many peoples sell their bitcoins in this situation bitcoin prices definetly bitcoin prices drops, so this virus demage crypto currency.

[luthfi_2a 110]

Yes. Although the price of Bitcoin initially fell with other markets in the middle of March, the price of Bitcoin has rallied since, and part of this can be directly attributed to coronavirus.

[mithhumia 33]

I do believe this may acquire a result to be able to cryptocurrency if the buyers are usually afflicted with all the trojan due to the fact for certain they are going to distance themself their particular purchase to utilize for treatment understanding that revulsion will need a result to be able to the price tag on cryptocurrency.

[Ernesto9191 37]

On 1/26/2020 at 7:16 AM, Jyz2009 said:

As of now, China is in chaos because of the Coronavirus. As what i read in an article, bitcoin slumps 6% because of this virus, in the midst of chinese new year. Does this virus really affect bitcoin? Any insight?

Since the beginning of the pandemic, cryptocurrencies have been an alternative mode of payments globally. The lack of liquidity generated by the paralysis of the global economy opened a range of opportunities for cryptocurrencies.

A study by Oxford University professors revealed interesting data in relation to the crisis generated by the pandemic and the use of cryptocurrencies. The study indicates that at the highest peaks of the pandemic investors used cryptocurrencies as safe havens.

However, the aforementioned report also reveals that once the control of the pandemic began, the use of cryptocurrencies was reversed, thus generating a U-Inverted effect.

[sofiaqq 25]

Hi! At the beginning of the coronavirus pandemic, bitcoin suffered a fall but since that fall at the beginning of the year, it began to recover.

[ehnegociosonline 24]

Without a doubt some affection, but it depends on several points of view to see if for or against, since thanks to all these events bitcoin even other cryptos have been more used by users who now try to earn more online.

[ahmed bika 18]

If the coronavirus outbreak will have ramifications into the price of Bitcoin is still an issue up for debate. Some speculate that this event will factor growth for cryptocurrencies, while others do not see strong correlations with other assets.

[hackynoway 89]

Honestly, the COVI does not affect the BTC nor would it fail because in the new world order there are others ... those that affect the economy and not this bug. it is my opinion.

[luchogamer23 51]

This pandemic has not only brought problems to the world economy but also to the world of cryptocurrencies, with the contagion of the president of the United States there will be crucial decisions before the elections

[StouN 58]

I don't think soo cuz covid can destroy world's economic , but not crypto"s economics. In my opinion it's imposible 

[mezabeatriz763 29]

If it affected him mainly for the month of March, the stock market fell and this resulted in a big drop. I hope in the coming months to recover in price!

[Joli72 18]

Yes, the coronavirus has affected to some extent everything worldwide, especially the economy, modifying the preciousness of cryptocurrencies, as is the case of Bitcoin.

[djaafri86 31]

The impact of Corona virus on the world economy has been catastrophic in all aspects, but with the stay of people in their homes and the adoption of quarantine laws, the e-commerce sector has flourished and its incomes increased at a tremendous speed, and Internet shopping has become necessary to avoid infection.  Bitcoin, as the most important Internet currency, has seen a positive effect in my view by increasing the demand for it and with the increase in financial liquidity on the Internet. Perhaps many companies will store their money in bitcoin or invest in trading, which will revitalize the bitcoin currency a lot.

[Tom Brandon 226]

Corona viruses is great pandemic now.People can't go out. home without mask.During Corona pandemic more people sell their bitcoin at low price and bitcoin price start dumping.But now Bitcoin price again start pumping.

[Fixfin 2569]

It is a very early post many weeks before the events that made the Bitcoin market collapse and also had same effect on stocks and oil. It was what was described a black swan event and we are still haven't escaped. It seems that this virus is so strong that made even Bitcoin price drop. It was panic though and everything moved back to normal after a few months, with Bitcoin reaching for new all time highs once again many years later from 2017.

Edited November 17, 2020 by Fixfin

[Jandancoin 482]

On 11/16/2020 at 5:48 PM, Tom Brandon said:

Corona viruses is great pandemic now.People can't go out. home without mask.During Corona pandemic more people sell their bitcoin at low price and bitcoin price start dumping.But now Bitcoin price again start pumping.

I do not think you are right, you are not right at all, during the start of the pandemic, the price of bitcoin dumped but not as a result of coronavirus, that is why during the pandemic the price of bitcoin still increase very well and more than before during the start of the virus. 

[Pranto1 40]

There is a lot of bad news about Bitcoin that will affect the price of Bitcoin every time, but there are also a lot of fake news that people read and sell their Bitcoins in a panic study.

[annayks 2314]

Looking at the chart, it created a bit dip that was bought and bounced so much that now we are closer to a new all time high. Sometimes when markets react with panic the results are these. I've seen many charts that have this effect and the reason to bounce and create bullish pattern now is that this asset is strong and investors seen this and joined.

[percare 3192]

Coronavirus had a negative effect in the beginning but once Bitcoin recovered people understood it is an asset that needs more attention and then it was banks and funds that are buying it, paypal adopting something that was unexpected and even more billionaires and institutions. It is the smart money that buy Bitcoin today.

[Kenciuu 1729]

I do not think corona virus affects bitcoin because bitcoin moves itself, independently. There is nothing do with virus and bitcoin. They are not connected. Bitcoin rise up or falling down the price depends on how it moves. I think china affects their economy or money but not bitcoin

[OVIROY21 499]

Well agreed the whole world economy is struggling to this virus, on the contrary, the affected the most are those traders that cannot sustain their needs during these tough times. Even there is pandemic the brighter side that most of us were able to manage this current situation and still able to do trading. So globally are affected and only vaccine can resolve this crisis we're facing.

[Khan 1414]

On 1/26/2020 at 11:54 AM, Uttom Deb said:

What is going on in Karno Virus is not actually understood because what effect does the science will be possible without being disturbed, because I have more than one to visit what will be seen.

Corona only effect the Fiat currency and the economic of the whole world but it did not effect the Crypto currency and the Crypto currency price are increased in this pandemic.