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

[Nayeem1312 743]

I think bitcoin is the online platform that's why corona doesn’t affect it. Cause corona only effect in this world but online isn’t like that. That's why bitcoin price rising in this pandemic though.

[Sandra k 6]

in this Corona time Everyone is staying in their own houses and could not go out and work so the value of Bitcoin got rise and it's a good time for investment and trade and you can earn bitcoins from your home if it's a good new that BTC is getting increased.

[basel23 1722]

I think that a large number of people joined the cryptocurrency market during the home quarantine period, and this is what led to an increase in demand for Bitcoin and led to an increase in its price.

[Fixfin 2569]

Maybe it was the corona or it was just the halving, all the indicators were noticed by the big players like the experts at the investment banking of big banks and notified many clients about Bitcoin, however many are gambling now and it could be again high risk soon.

[MK AHMAD 1134]

Why bitcoin is rising while the world is fighting coronavirus is because almost every one is ask to stay at home and the market is closed people need to buy foods and other items to be able to survive so cryptotalk currency exchange market has made a easy and fast way of making transactions which makes high demand in the market that cause the increase in price of bitcoin

[AL SHAIMON 1293]

There are so many reason of bitcoin price increasing in corona pandemic situation. But the main reason is people are now get interest on investing bitcoin rather than gold. PayPal also accepted bitcoin for this millions of people now can do access bitcoin soo easily. I think for this bitcoin price increased and increasing in pandemic situation. 

[Jack764 1841]

The epidemic positively affects cryptocurrencies, as most of those whose work was disrupted have resorted to the Internet to compensate for the lost money

[online123 992]

On 4/10/2020 at 6:17 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.

Even after Covid19, the price of Bitcoin is increasing because they are able to earn income from Bitcoin sitting at home.There is also no risk of corona because Bitcoin cannot be captured as a digital currency and cannot spread corona.Bitcoin is now being used by everyone and its demand has increased so its price is also increasing.

[khan22 3478]

Corona make so many countries finished and this is the time that peoples are invest their money in this market and the market regularly go high day by day and we make good profit in this market soon.

[susan8929 811]

I think that the btc rose in price last year during the most difficult months of the pandemic because it functioned as a refuge of value in the face of uncertainty and economic problems, as did gold, which during the first months performed well.
Well, it's also important to mention that halving was quite influential, so that was also one of the main reasons for the rise, in addition to the arrival of institutional investors and the inclusion of the purchase and sale of cryptocurrencies on PayPal.

[JesusFries 1958]

Well, when the coronavirus is spreading, the price of bitcoin is dumping, it is just rising because there are sti people buying it and some countries are being developed their place to become virus free to continue to work in cryptocurrency.

[Ameralsamt 2558]

Thank you, dear, for this wonderful discussion, and in general the reason the price of Bitcoin has risen so much despite the Corona virus, is that people have a lot of time to work in cryptocurrencies and digital currencies, and some big companies have built bitcoin payments so they are heading for the top. 

[Farukatie 1271]

Dear friend this is because many of the people are free at home and don't have to run physical business so people want to invest in cryptocurrency and earn profits from them that is the reason people started investing in cryptocurrencies and the price of Bitcoin started increasing because of more investments.

[Arratee877 272]

One must know that factors to influence the crypto market is quite different from those affecting central currencies. Due to the global effect of covid-19 that got numerous things stranded and global lockdown, everyone is looking for alternative means of making additional income as such increasing the population and thus rising the demands for bitcoin.

[Rafin478 614]

On 4/10/2020 at 6:17 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.

For covid19, the price of bitcoin is going up because people can't get out of the house during this epidemic, so they are earning income from bitcoin, so now the demand for bitcoin is increasing.That is why the price of Bitcoin is increasing day by day due to demand.

[milyapsak0901 693]

I don't think it's because people afraiding to use paper money because of the covid. The main reason is bitcoin finds too many corpored investor and it affect the price positively. Small investors start to invest bitcoin because of corpored investors because they were buying bitcoin while the price is 25.000$.

[Samotokika 1780]

On 4/10/2020 at 5:17 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.

Dude  today as  many people are free and they are not going anywhere so they use cryptocurrencies and Bitcoins, they are dealing in it and there is showing interest by making investments and getting profits that's why it is the main reason that why Bitcoin price is very much higher these days

[Lokeloke 576]

Fiat currency can be converted to digital currencies and can be spent digitally, so that's not the reason but it may be because the trust in BTC increase and that's why people keep investing

[ShiNorton 906]

People used Bitcoin to send money in corona pandemic time. They wanted to be safe from covid-19. People were at their home due to lock down & they found Bitcoin trading for their earning part time source. These are reasons. 

[Kanji 965]

@Guatooptowltp @kikifam @ShiNorton

Well there is no telling why the market keeps going up because ther eis always that tough and instant idetity there is a lot of work being done on bitcoin ,even other members adoptiong the new system of block chain to make sure that they are growing and working perfectly that is one case that is making bitcoin rise, and some other people are simply buying it in pressure it might hit 100k

[Choudhary umer 0]

Vikas this is the price of the Bitcoin is going high I realise that due to covid-19 many peoples are unemployed and they are interesting in the trading of the Bitcoin in his free time that's why is the price of the Bitcoin is going high day by day

[Abideen 659]

On 4/10/2020 at 1:17 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.

Well said mate, now that you even said it, that is when I came in thought of it. Really, the use of bitcoins will help people to prevent covid 19 virus because Fiat money is not more safe in this period as one can contact the virus true paper money. It should be part of the reason why bitcoins is still appreciating up till date. You welcome

[Malikjnb 1235]

I think bitcoin is the best currency in the world. It's price is rise up because it's demand is large. Everyone use the bitcoin. It's use as a  online payment. I think people should be more use bitcoin to make payments more than using visa or smart card. 

[Razan alikac 1899]

The price of Bitcoin rose amazingly and is still on the rise, and I think the reason for the rise is to move the whales to it and push it to the top as they buy very large quantities of it and this is what pushes its price forward

[Authority 630]

11 hours ago, Ameralsamt said:

Thank you, dear, for this wonderful discussion, and in general the reason the price of Bitcoin has risen so much despite the Corona virus, is that people have a lot of time to work in cryptocurrencies and digital currencies, and some big companies have built bitcoin payments so they are heading for the top. 

Here is Bitcoin rising it is very wander full because during the pendamiq of corona virus people work also most expecally those who are trading on Bitcoin people spend there time min while in trading Bitcoin.