Covid-19 Boast bitcoin?

[Kariuki]

Are Americans turning to Bitcoin during lock down, its probably the who issue of the money that was distributed to them , Most Americans have been given 1,200$ as the stimulus package and looks like they have been spending in on bitcoin,.

The sharp rice in the price of bitcoin , which usually states that there is a demand for the same, its important we really check that we have to work and put together, there has been so many account activities, which means there could be a good idea that pushes  the price, its important for us , I think the whole stimulus story is really important, that would work well for the whole bitcoin story after a long time having lost most of it in the month of Feb the whole story was really scarely and especially the whole story of bitcoin and covid 19.

Well it has been helping  us alot to maintain the price at 7 K but it is able to push  it in the right way.

Thank you

[petpark84]

yes many are referring to bitcoin due to this lockdown issue and as per me this bad situation of corona virus will be ongoing for next 1-2 months and as people are in home they have to earn from somewhere and as a result bitcoin investment will be increased as per me. Bitcoin is a type of gambling where there is a situation of risk and reward.

[reebox]

I agree with the corona bitcoin becoming more well known, the price of bitcoin should be higher than 7k but there seems to be a price game controlled by rich whales playing in trading.

[Arnab12]

I think BTC will be 5000-7000 mark until this Corona Pandemic ends. The US buying more BTC certainly helped it to be at 7000. We should see a growth gradually upto 12k till 2021.

[evet]

Maybe. Since it's lock down, most people have no choice but to deal with finding something online. And probably, they will settle to earning with crypto currencies.

[Idi23]

Bitcoin is a type of gambling where there is a situation of risk and reward.

[sahil777]

america already said that they are going to launch digital dollar and digital euro, which means bitcoin will go more high in coming future and it will be the hotest currency in future, so i think if someone can afford to buy alot of bitcoins, this is the best time to buy and store them for long term.

[skrieeee]

I believe that bitcoin will grow during the pendemic since most of the people use it for wireless payments especially for those people who doesnt have money left and investing to one of this coins and hoping for a profit.

[itconsults]

We all know that corona has affected all markets badly. All markets are about to crash but crypto market is still active and does not fall so much that is why it is being recommended.

[Ali saher]

I think because of carona virus so many new investors attract to bitcoin investment that's why I think bitcoin price again stable. I think next few months so many new users come in crypto currency .

[iulianbutanu]

lol it won't. covid can only hurt anything arround as limits the possibilities of people being free, btc is the symbol of the free internet money.

as side message: the usa deserves to have this crysis. totally bad management of what's happening or how they handle the crysis

[Maksimxxx]

To some extent, these payments added to the capitalization of bitcoin. But I think not all invested in the coin. Many probably are far from cryptocurrencies at all.

[Wassouf]

Today Bitcoin reached the same price before the spread of the epidemic, I think it is a positive indication, indicating that the coming days will carry surprises in the price of Bitcoin, and may reach 10k USD.

[itconsults]

In the month of Feb 2020, the price of bitcoin fell so down but next month, the price started to go up and now it is crossing 7500 $ which is suitable amount for trading. This health emergency has affected all markets badly but crypto market is regaining its position rapidly.

[Shujah]

As lock down Satuation people goes with digital currencies like e-banking and crypto currency, due to mostly people relying on paypal and e banking so they are using that method but people who just start using crypto currency are increasing. 

[BidaManEris]

Only for now because they cannot transit their money through conventional means because of the lockdown. Wait until this pandemic is over and let's all hope that they won't begin exchanging their money to tangible funds again.

[poohtot]

Yes bitcoin booms up will depend  also based on the effect of covid19 and its recovery worldwide,  btc will rise when we recover after months and we all wishing for that, it may be rise upto 12k $ , who will know., there's a lot probability percentage that this are going to happen.

[Aponix]

This is an interesting topic about the covi19 and how it has impacted the world economy, and the crypto did not escape the economic downturn, but as you say, it is being maintained at a relatively stable price, which is positive because it gives confidence that people will enter the market again and btc and crypto will rise in price again

[cryptofly]

I don´t know.  Maybe those who are active in the cryptoecosystem are doing that, to put part of their money in Bitcoin.  But I am not sure if, because the COVID 19, people who has never been active in bitcoin decided to jump in, most of them decided to buy toilet paper and not bitcoin.  Hard to say.  What is important is that, no matter the price of the oil and the trend of most important trade markets, Bitcoin kept its value strongly.  And now is going up.  We have to start to create a movement about to motivate the mass adoption, that will help in many ways.  Good luck. 

[Killlm]

All the markets in the world have gone down for covid-19, the price of Bitcoin has dropped a lot from before, but now the price is above 7K, the price of Bitcoin is expected to go up a lot if Corona is sold, many investors are holding their Bitcoin, for them in the future.  Might be better

[neroboys]

With the existence of bitcoin all things happen when the covid-19 outbreak is indeed a little easier, because we don't need to have cash to be able to make transactions of course this will also have a positive impact going forward for bitcoin and other altcoins, as we know that Europe today have started using bitcoin as a transaction tool when the co-19 outbreak continues to spread in Europe, hopefully in the future it is not only Europe that will adopt bitcoin so that the price of bitcoin will continue to rise.

[Young01]

It's a very wise thing to invest in cryptocurrency at this time of lockdown, it's an investment that will most probably yield result but it's most advisable to invest on many other cryptocurrency other than bitcoin, anything can happen in the crypto world.

[Baqee]

Covid 19 has had negative effects on a lot of things, but it helped the crypto market. BTC and other coins have seen their value go up this past few months.

[dynamo01]

well this is a good development because people are maximizing the opportunity that have presented itself. we all want the pandemic disease to be behind us but we can invest as many are doing, and due to this the price of bitcoin have increased.