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

[HumamAliDeeb 590]

Some believe that cryptocurrencies are a real and complete force, others consider it just a means of payment, while others believe that it is a threat that exacerbates criminal activities around the world, however, high and low-value digital currencies have not affected people's minds. Even novice traders, representatives. With experience in the market, and in light of the global turmoil in the spread of the new Corona virus in China, this helped the growth of cryptocurrencies. As a reminder, Bitcoin does not derive its value from any external factors as traditional assets do and is not affected by interest rates, GDP and other various factors so that the Corona virus has an effect on all financial markets, but it seems that it is not responsible for the recent rise or fall in the price Bitcoin However, it is quite possible that, as the virus affects more countries, and the markets fluctuate more, assets like gold on the one hand, and Bitcoin on the other hand, may benefit from it.

[hghadeer611 689]

I think that the real reason behind this is the quarantine, as people sat at home without work and they only had to look for ways to make money from home, so cryptocurrencies were their best choice, and since the price of bitcoin is related to supply and demand, so its price increased after the increase in demand for it.

[mhd tello 639]

I think this is the rationale for Bitcoin's rise
And there are many countries, such as Germany, where Bitcoin has spread significantly in light of this pandemic
And became dealt in some regions with the currency of Bitcoin.

[Farry 826]

I agree with you bro because corona virus effects bitcoin in starting period, and bitcoin prices goes down for 4000$ dollar and then China fight back and comes some normal condition, bitcoin prices move up and comes 6000$ because of peoples investment in crypto to avoid paper currency, because paper currency also spread corona virus.

[alisen9506573 194]

Of course, my dear friend. It's a very positive aspect by dealing with banknotes and contributing significantly to corona's transition to everyone. As demand for Bitcoin increases, it will gradually increase. All appreciation to everyone. 

[Mohmad22 695]

My dear friend, the high price of bitcoin has nothing to do with the Corona epidemic, but it is related to itself. Every currency has problems. If it is not solved, it starts to decrease its price gradually, so bitcoin as an encrypted currency solves the problems that concern it and becomes desirable for people by solving the problems and burdens that existed

[james653 981]

This pandemic contributed to spreading the culture of encryption among the people, which contributed to the high price of bitcoin in the recent period.  People buy their basic needs remotely using Bitcoin because it is easier to handle.  Money can be made by trading in cryptocurrencies.

[Ses93 1624]

The spread of the Corona virus forced people to stay at home during the quarantine period and their work stopped, so the going to work through the Internet began, and therefore the demand for cryptocurrencies began to increase, especially bitcoin, and with the increase in demand, its price increased dramatically.

[betelihem 4766]

1 hour ago, Dwayne vine said:

During corona virus, people were jobless so they did invest their money in bitcoin to earn profit. When the demand and supply rate of bitcoin increased then automatically the price of bitcoin Increased. Virus plays a very important in digitally currency. 

When didn't have work they tried their luck in crypto and got succeed.

Exactly during the pandemic most person were in their home, and hey were wondering how to earn money while they are at home, and most persons join the cryptocurrency earning method and most person invest on bitcoin that why its still going with higher price.

[Merry Cherry 670]

Yes the bit coin value is increasing day by day due to covid because the people stay home for their safety and work on this forum and getting popularity day by day.  And people work on this plat form and earn money. 

[Khaldoon Saqr 799]

Certainly, the Corona virus has affected the entire global economy, including the Bitcoin currency, but we have recently noticed Bitcoin's recovery from the virus and the start to rise due to the large investment of people in it.

[Tomy2 375]

I think the Corona impact is over with Bitcoin now very good. Though we are still in the pandemic but Bitcoin and crypto currency has adapted to the situation and you'll get good profits with crypto now trading them

[emilywillson 666]

I noticed the increase in the price of bitcoin in light of the Covid 19 virus pandemic during the application of quarantine measures to most countries around the world, then everyone resorted to working on the Internet and the talk of coding was a refuge for everyone in order to earn information and money at the same time.
 Also, many traded in cryptocurrencies in order to stay away from fiat currencies and coins in order to avoid the transmission of infection through the currency.

[piuri01 446]

Because one thing has nothing to do with the other, I think that bitcoin will continue to rise, so we must save our coins now, and then sell them.

[Saleena micky 685]

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.

[Alish198562 436]

In addition to the reason I mentioned, but I think that closing the markets and disrupting people, made them turn to the idea of cryptocurrencies in order to make money, and they may have been thinking about it before, but they did not have the time, and now because of the stone, time is available.

[sally.azzam 313]

Yes, this is a big reason for the dear, Bitcoin was able to benefit from the Corona crisis in a distinctive way, in addition to the many other features that Bitcoin has

[Wael154 1134]

I agreed with you, the usage of cryptocurrencies has increased because people now avoids to use fiat currencies and they are using cryptocurrencies instead just to reduce the spread of virus and it's wise decision. Corona virus has failed to create it's long negative impact on crypto market.

[aiham 488]

I think the Corona epidemic helped spread digital currencies while people sat at home without work due to the curfew imposed on citizens in many countries around the world . This increased the demand for digital currencies and helped increase their price .

[Majdyarous 157]

It is true that the epidemic disrupted the work of many people, but at the same time people turned to work in the field of cryptocurrencies because they stayed for a long time at home and this improved the price of the currency a lot.

[Serbberq 724]

There can be many reasons of BTC price rise. I also agree with the point you explained. I think it is because of the entry of people into crypto forums after losing jobs. They came to know about BTC after coming here. So, they started using it and rates gone very high.

[Shurerym 210]

Last time's price raise for Bitcoin was unexpected.I am still puzzling what things was the most responsible for that sudden raise of the Bitcoin price. Maybe, there are so many people around this world using cryptocurrency as the payment solutions. 

[Sena1234 972]

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..

[Fatima Alre 766]

In my opinion, the reason for the increase in the price of Bitcoin is that during the Corona pandemic, cash shook in a number of countries, and people wanted to resort to a safe and well-known alternative, such as Bitcoin, which is similar to what happened after the economic crisis in 2008 in the United States. The second thing is to increase the number of digital wallets. Significantly, what increased the percentage of digital currencies being traded, not just Bitcoin.

[Jamii 608]

I think, because most of people is using cryptocurrency.  So in this Corona such as panic suition the price of bitcoin is increasing day by day. So it good that any have benefits and value for people in this panic suition.  So we can make invest and can earn money from bitcoin. So we can manage our daily matter in this condition.  So in panic so many new mumber are using bitcoin for thier advantage.  So that is good that we have choice that we can make money if we take right decisions.