Post
Topic
Board Bitcoin Discussion
Re: 4 Years ago people laughed at me bcz of THIS
by
boty
on 21/03/2024, 23:10:47 UTC
Because this had an impact on the economy in general within a period of several months, it also caused some people to sell Bitcoin that they previously owned in order to use the money from the sale for their own lives. Because everyone around the world already knows that when the corona virus hit the world, it started to be difficult for everyone to work and earn money, even though most people were still able to access the crypto market to trade and earn money so they could continue to live their lives as usual. So the influence may only be on the difficulty of making money, not on anything else because Bitcoin is not affected by that.
It must be admitted, when Corona hit several years ago, it had a huge impact on the world economy, including stocks which started to fall and inflation occurred in several countries. and it's true, the biggest impact is the difficulty of making money.

But as far as I remember, not with bitcoin. Bitcoin goes up and down, it's nothing new, it will never disappear until the electrical system on earth dies, aka not until we die too. so it remains stable, indeed the price of bitcoin has fallen but not too significantly compared to other investment communities. So I think the Bitcoin price plunge at that time had nothing to do with the corona outbreak and more to do with Finsen and Homeland Security announcing a new crackdown on the Crypto market.
We have all felt the impact of the Corona outbreak and also the difficulty of earning income at that time with many restrictions on activities in many ways which made people lose their jobs, yes of course the price of Bitcoin at that time did not experience a significant decline and at the end of the period the Bitcoin price pandemic has experienced an increase that has passed the previous ATH and it is true, as you said, the decline in Bitcoin prices has nothing to do with the Corona outbreak.