Why bitcoin is rising while there have CORONA's impact?

[guatazoo 7150]

Does anyone here knows the purpose of bitcoin to be rising while the world is fighting due to CORONA crisis?

For me what's I think is that, mostly of people avoiding to use paper money due to the distribution of CORONA, so that's maybe many people are currently buying bitcoin and using it as the payment method.

 

Do anyone here agreeing with me? If you are not agreeing with me, just give your reason why bitcoin is rising with while there have CORONA impact.

[rekter 8129]

People are using their visa cards for remote pay so i don't think that's the issue. Fundamentals of bitcoin are better then ever and people want to get it in good resistance levels. Also bitcoin just dropped again.

[Upright 2688]

Like seriously I thought that the impact on the spread of the Corona virus was  the primary cause of the value of bitcoin being nearly stagnat on its value. But recently the value has tend to grow upward. And it's around $7000 and slightly above it. The nature and pattern of Crypto lately has being unpredictable

[Zaino34 0]

The price has decreased a lot due to the Corona virus, but after China took control of the virus, the price started to improve and rise, and because of the increased dependence of people on it recently, the price rose.

[rianpedia 816]

3 hours ago, Avais.mf said:

This is also a fact that more people are finding the digital ways for their payments as there are also cases of Corona spread due to cash notes or due to low prices people are buying the bitcoins. 

Buying a bitcoin can be a good financial rescue. we are given the advantage if this pandemic is completed and the bitcoin currency is recovered, the benefits will certainly be very much.

[Zerocrisis 266]

10 hours ago, guatazoo said:

Does anyone here knows the purpose of bitcoin to be rising while the world is fighting due to CORONA crisis?

For me what's I think is that, mostly of people avoiding to use paper money due to the distribution of CORONA, so that's maybe many people are currently buying bitcoin and using it as the payment method.

 

Do anyone here agreeing with me? If you are not agreeing with me, just give your reason why bitcoin is rising with while there have CORONA impact.

The world economy have been affected by the pandemic, the instability of all currencies is a common factor, for the moment, any upward or downward movement of bitcoin should not be considered as an indicator or trend.

[kizz 3370]

I think many people are being introduce to crypto because they cannot transact outside with physical money and the bitcoin is not stable despite of pandemic corona virus.

[George10 9932]

15 hours ago, guatazoo said:

Does anyone here knows the purpose of bitcoin to be rising while the world is fighting due to CORONA crisis?

For me what's I think is that, mostly of people avoiding to use paper money due to the distribution of CORONA, so that's maybe many people are currently buying bitcoin and using it as the payment method.

 

Do anyone here agreeing with me? If you are not agreeing with me, just give your reason why bitcoin is rising with while there have CORONA impact.

I agree with you mate during this time of the pandemic corona virus I hope many people are trying to avoid paper currency thus making them focus to the use of bitcoins and this makes its price to rise.

[bliznec 22268]

I am absolutely sure that people will soon avoid getting paper money. This is so, and everyone will instantly switch to digital assets. Maybe this will not happen immediately, but over time, you just have to wait. 

[tienda 8776]

I think this is normal if we check to the situation months again, when the corona virus start in China there is not a high impact about the cryptocurrency situation, but when the expansion of the virus impact more, but now there are many countries who leave from the crisis, step by step comes the stability.

[Ridam 7455]

Bro at first you have to know that  plus token scam was responsible for the heavy dump in the price of btc and i don't think corona virus was responsible alone . And listen the impact of corna has ended in China companies are running back so that's maybe the next reason too 

[Ms.o 3322]

I think you are right,physical money can be a carrier for virus so maybe that's one of the reason. And in addition to that,i think it is because due to lockdown,where most people doesn't have work,many of them enter the crypto world and invest on it to earn money.

[Mohssine 1725]

I don’t have any idea about this , but i think when corona was in china , bitcoin was down more than 50% , but when China control the virus and the back to work , bitcoin start rising again, maybe this is reason.

[Crypto Boy2 3]

One of the main reasons for the rise in Bitcoin prices despite the coroner's impact is the decline in paper usage. Bitcoin is the safest medium, which is one of the reasons for the increase in Bitcoin prices. Again the money crisis is less.

[magd 5231]

As for the bitcoin price that was before the Corona virus, we find that this rise is not significant, but it is a light of hope for us that the price is heading up, however the price has returned to decline again and we are approaching May 13 which is the beginning of the half-period

[BTC Future 3946]

On 4/10/2020 at 3:17 PM, guatazoo said:

Does anyone here knows the purpose of bitcoin to be rising while the world is fighting due to CORONA crisis?

For me what's I think is that, mostly of people avoiding to use paper money due to the distribution of CORONA, so that's maybe many people are currently buying bitcoin and using it as the payment method.

 

Do anyone here agreeing with me? If you are not agreeing with me, just give your reason why bitcoin is rising with while there have CORONA impact.

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Follow whalealerts on twitter, and observe all the tether and other stablecoins printing. When you notice in a few days 600-700m new stable coins minted, buy and wait for a couple of weeks. Sell when the printing stops.

[pablomarwan 3082]

Not only your words, in fact, that it is also one of the reasons for the rise in the bitcoin currency due to the reliance on it. Also, China where there is the most average rate of the vacation, it returned to work again after it recovered and decreased a case of coronavirus and other reasons.

[kyoukage01 3181]

I don't know just how much Bitcoins' prices are rising, because when you think about it, every other major fiat currency is falling down due to countries' stagnated economies. Maybe it just so happens that Bitcoins resist more than fiat, because if it does rise due to what others have suggested, it would have been in the range of ~$9,000 by now or even shot to the moon.

 

[jamesvince 2389]

Corona already damage done from last more then five weeks to whole crypto market is you saying now bitcoin goes to dead this is not going to happen because much stronger community of crypto market because big whales also are their so need to become professional and earn with this small opportunities. 

[Whited35 15285]

Most of the experts in the cryptocurrency fields are telling like , the price of Bitcoin is suddenly raised in the cryptocurrency market due to the excessive sells of Bitcoin. Most of the investors may have been trying to grab more Bitcoins before halving event. 

[Mishu1234 101]

I think you are absolutely right  because of corona virus prople are avoiding using paper money so they are currently using digital currency rather than physical currency and that is the main reason for the rising of bitcoin        

[guatazoo 7150]

On 4/10/2020 at 9:59 PM, rekter said:

People are using their visa cards for remote pay so i don't think that's the issue. Fundamentals of bitcoin are better then ever and people want to get it in good resistance levels. Also bitcoin just dropped again.

But its look that the cryptocurrencies was created for aiming of online payments, so that's I thought people should be more use bitcoin to make payments more than using remotely visa card.

[Ch Ayyan 9781]

Bitcoin  Is rising  because  I think  there is still large  number of people  who are investing  in bitcoin.  There is a hope  bitcoin  will rise up in a good  way after carona virus.

[Laboni 755]

I agree with you that the Coronavirus did not affect Bitcoin as it did not stop investing, but it certainly did affect the market. It won't last very long. Many countries have come under control. Corona's effect is that Bitcoin can do nothing. Bitcoin will increase according to its limits.

[CryptoMaxim 3829]

I don't think the virus plays any role here. Especially at the current intensity. And the fact that bitcoin has grown in price by 3K-4K dollars. This is a common thing for bitcoin.