Bitcoin and COVID | Bitcointalksearch.org

elisabetheva

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Quote from: kolbalish on June 07, 2020, 05:31:33 PM

Because of this pandemic outbreak in the world, we are seeing a vulnerable economic situation in the whole world. Many countries already suffered because of this pandemic outbreak for the last few months. I am seeing it from very close in my country.

Bitcoin isn't need any physical office or any physical things to maintain. It can be used by using internet on online and people can use it from their home. That's why it is still exists in this situation also. The price is not so much but it can be said it is okay now for this situation.

we know that bitcoin transactions use the internet network and it very immediately clear that there is no impact, instead it might be more flexible because of the more time available. because the implementation of "stay home" almost happens in all countries.

I strongly agree with you that with this pandemic the world economy is very drained to overcome the pandemic, which most countries are not prepared to face. many medical devices must be purchased because all countries need them so prices are very high and many countries do not even obtain and use medical devices independently which are not feasible. "pathetic".

fiulpro

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Unfortunately one cannot just make 100% transition to only Bitcoins. In most countries cryptocurrencies are still frowned upon . We cannot go to the nearest vendor and ask him to accept the payment in Bitcoins.
Small payments in Bitcoins is actually more of a problem than choice.
Also at the same time I do believe that Bitcoins is the one supporting the economy and the people have an opportunity to earn through trading since the stock market is not a good option for 2020.
At the same time overseas transactions are right now much safer if it's done in Bitcoins. You have to go all the way to bank and at the same time it is dangerous for your health. Plus I do believe that keeping money in banks right now is very risky.
Bitcoins is the best performing asset according to the reports in 2020.
To increase the adoption of Bitcoins one needs to actually tell their friends and family to use it , as for me am gonna gift my brother some Bitcoins on his birthday and not Fiat.

Cryptocurrencies is undoubtedly very important for the whole world right now.

Rosilito

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Wish for the rain? Then deal with the mud too.

Yeah, obviously using it has a significant effect to avoid getting exposed outside. But the thing is, not everyone has the material to adapt, some stores big or small doesn't know a thing about bitcoin and stuff behind it; how it works and risks associated with it. Not to mention that the government in a particular country were against with it. To add, in this case, oldies and big traders would likely to get/experienced the benefit in this Grin

.

Bottom line, it'll take time more than what we thought to have it function (it might be the pandemic were already over to see that almost everyone are into it). I wonder, what would the banks think with this Huh

.

kolbalish

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Because of this pandemic outbreak in the world, we are seeing a vulnerable economic situation in the whole world. Many countries already suffered because of this pandemic outbreak for the last few months. I am seeing it from very close in my country.

Bitcoin isn't need any physical office or any physical things to maintain. It can be used by using internet on online and people can use it from their home. That's why it is still exists in this situation also. The price is not so much but it can be said it is okay now for this situation.

usekevin

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Quote from: Oasisman on June 06, 2020, 06:59:16 PM

Quote from: finaleshot2016 on June 04, 2020, 06:12:34 PM

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

Not unless if he will hold it until Bitcoin hits new heights or hits another ATH. But, when the sole purpose of investing is to try to make money for a short period of time to bridge the gap of the economic recession during this pandemic, then I guess he came to the wrong place.
Bitcoin is an asset that cannot be affected by any global events not related to cryptocurrency, but basic knowledge about this technology will save you some money and effort.

During this pandemic ,the price of bitcoin is not get into the top. This is best time to inverse and hold the bitcoin. We can expect huge rise after the pandemic and the profit percentage will be the maximum one .Don't panic ,if you force to meet some dump in the price of bitcoin. Holding is most essential one of trading.

Oasisman

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Quote from: finaleshot2016 on June 04, 2020, 06:12:34 PM

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

Not unless if he will hold it until Bitcoin hits new heights or hits another ATH. But, when the sole purpose of investing is to try to make money for a short period of time to bridge the gap of the economic recession during this pandemic, then I guess he came to the wrong place.
Bitcoin is an asset that cannot be affected by any global events not related to cryptocurrency, but basic knowledge about this technology will save you some money and effort.

geyayy

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Quote from: GDragon on June 05, 2020, 03:37:29 AM

Quote from: plvbob0070 on May 24, 2020, 10:55:18 AM

I see the point that bitcoin can be a good way or alternative currency amidst the pandemic, also the point that digital transactions may help to prevent the virus from spreading. But I don't think that everyone is still capable of adapting these changes. From what I can see, there's a lot of problems we can face once the majority move from physical to digital transactions such as cryptocurrency.

Online transactions may be one of the prevention but there are lots of ways to make online transactions, it's not only crypto. If people would adapt digitally, it's more likely to be cards or e-wallets. Maybe in the next years or decade, cryptocurrency will get more recognition, but for now, the benefits we see of bitcoin and crypto during this pandemic is still limited to us who've been using it even before.

Same thought. If there will be someone who will benefit from this, it will only be us who are already in the market. Btw, I still use fiat currency e-wallets when I'm going to transact online. Whys is that? Its because goods and products I bought online doesn't accept crypto payments so I still need to convert my btc to my fiat currency. I will always choose the efficient one, there is still no reason to pay crypto if my fiat is still the efficient one to use. It will still be a long way, the idea of it was good, however, the world and business owners should also adapt to crypto payments so everyone can use crypto payments efficiently just like how we used fiat currency when transacting online.

I share with your sentiments, sir. Me, too, is still using fiat currency whenever I am transacting online. Also, I will surely not be using crypto currency for buying and/or transacting online for I will be regretting it later on. Other cryptos still aren't stable and I might lose alot if I will be using this for payments. Let's just wait for more years for this currency to develop more and for the world to recognize its benefits, also for people and the world be able to adapt it naturally.

GDragon

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Quote from: plvbob0070 on May 24, 2020, 10:55:18 AM

I see the point that bitcoin can be a good way or alternative currency amidst the pandemic, also the point that digital transactions may help to prevent the virus from spreading. But I don't think that everyone is still capable of adapting these changes. From what I can see, there's a lot of problems we can face once the majority move from physical to digital transactions such as cryptocurrency.

Online transactions may be one of the prevention but there are lots of ways to make online transactions, it's not only crypto. If people would adapt digitally, it's more likely to be cards or e-wallets. Maybe in the next years or decade, cryptocurrency will get more recognition, but for now, the benefits we see of bitcoin and crypto during this pandemic is still limited to us who've been using it even before.

Same thought. If there will be someone who will benefit from this, it will only be us who are already in the market. Btw, I still use fiat currency e-wallets when I'm going to transact online. Whys is that? Its because goods and products I bought online doesn't accept crypto payments so I still need to convert my btc to my fiat currency. I will always choose the efficient one, there is still no reason to pay crypto if my fiat is still the efficient one to use. It will still be a long way, the idea of it was good, however, the world and business owners should also adapt to crypto payments so everyone can use crypto payments efficiently just like how we used fiat currency when transacting online.

finaleshot2016

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Quote from: tabas on June 04, 2020, 02:31:37 PM

Quote from: Barbut on June 04, 2020, 07:43:15 AM

Many more people need to think of Bitcoin as a safe haven for the next big rise. But Bitcoin can't help with the economic problems we face today, everything stopped, people need to find a way to start all over again, but where to find the money for that!? Just people who invested in Bitcoin earlier have benefits now, that should be a good lesson for all new investors.

Bitcoin can help us individually. Maybe you're thinking about bitcoin lifting up the whole world's economy, it's not like that. Some people who also invested in bitcoin have no choice but to exchange it in fiat because of the short in cash.
It can be the reality but if you are on the other side and you managed to keep your bitcoins and never sold, you can say that you are doing well.

Like what he said, those who invested early are the ones who will be able to benefit and convert into huge cash.

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

hahay

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Quote from: Twinkledoe on June 04, 2020, 05:22:28 PM

Quote from: BuNga_cute on June 04, 2020, 05:14:43 PM

I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

It is really good to see those kind of benefits that we are getting as a crypto user, however, the population that is enjoying such benefit is very small as compared to the world's population. But at least, this situation showed to others about the potential benefits of using crypto and so the possibility of increasing the number of crypto users in the months to come is very possible. I think a lot of people who are non crypto users tried to search for bitcoin or crypto during this pandemic and some of them will be converted to crypto user later on.

Right, Bitcoin and / or other crypto and also maybe other digital money is a solution related to physical money which is in fact very vulnerable to the spread of viruses, and with the performance of bitcoin prices that can be said to be good so far this course will also be more triggering for investors and anyone to join and invest in the cryptocurrency market, so it is not surprising if there will be something big change from the growth that occurs in this cryptocurrency market.

Twinkledoe

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Quote from: BuNga_cute on June 04, 2020, 05:14:43 PM

I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

It is really good to see those kind of benefits that we are getting as a crypto user, however, the population that is enjoying such benefit is very small as compared to the world's population. But at least, this situation showed to others about the potential benefits of using crypto and so the possibility of increasing the number of crypto users in the months to come is very possible. I think a lot of people who are non crypto users tried to search for bitcoin or crypto during this pandemic and some of them will be converted to crypto user later on.

BuNga_cute

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I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

tabas

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Quote from: Barbut on June 04, 2020, 07:43:15 AM

Many more people need to think of Bitcoin as a safe haven for the next big rise. But Bitcoin can't help with the economic problems we face today, everything stopped, people need to find a way to start all over again, but where to find the money for that!? Just people who invested in Bitcoin earlier have benefits now, that should be a good lesson for all new investors.

Bitcoin can help us individually. Maybe you're thinking about bitcoin lifting up the whole world's economy, it's not like that. Some people who also invested in bitcoin have no choice but to exchange it in fiat because of the short in cash.
It can be the reality but if you are on the other side and you managed to keep your bitcoins and never sold, you can say that you are doing well.

tbterryboy

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Even the simplest thing that bitcoin didn't lose too much value during this period and even gained a bit means that bitcoin is awesome against any world issues. This pandemic was a global thing, and we are talking about a level where everyone stayed at home and companies didn't worked and so forth, even with all of that bitcoin stood its ground.

Not gonna lie it dropped a bit for a while, the price bottomed at around $3.6k for a quick moment but was around 5-6-7 thousand dollars for a long period like a month or so, but look at us now, we broke over $10k just the other day. So at the end of the day bitcoin is protection for your wealth, it is not protection for your "money" because money changes, but it is protection for the "wealth", whatever you were capable of doing back in the day, you will be able to do after years even if inflation and other stuff happens.

Janation

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Quote from: FanatMonet on May 26, 2020, 04:50:23 PM

Usually, when people write that Bitcoin will be some kind of breakthrough that can help us in a pandemic, I immediately have a logical question, why not, plastic cards will help us in this? They can also easily pay for something without leaving home, what is better than Bitcoin in this situation?

Bitcoin is good, but there is something better.

Every country has different fiats and each also have these online wallets. From known platforms like Paypal, to local wallets they are using, right now that is their better option this pandemic. Don't get me wrong though, Bitcoin is the best but with the acceptability of it right now, there is no way that stores will accept that quickly Bitcoin or either people use quickly Bitcoin.

Barbut

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Quote from: ADLANE33 on June 04, 2020, 06:36:24 AM

Quote from: Negotiation on May 26, 2020, 11:33:18 PM

Bitcoin will help us in many ways to deal with the current epidemic situation If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

I do agree with your overall statement - we should invest in bitcoin now, it can really help out countries in trouble and their citizens.
However, you should understand that bitcoin was affected by the virus and current global stock market situation too.
But bitcoin was and is a safe haven for a lot of people who has cash which devolves really fast

Many more people need to think of Bitcoin as a safe haven for the next big rise. But Bitcoin can't help with the economic problems we face today, everything stopped, people need to find a way to start all over again, but where to find the money for that!? Just people who invested in Bitcoin earlier have benefits now, that should be a good lesson for all new investors.

ADLANE33

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Quote from: Negotiation on May 26, 2020, 11:33:18 PM

Bitcoin will help us in many ways to deal with the current epidemic situation If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

I do agree with your overall statement - we should invest in bitcoin now, it can really help out countries in trouble and their citizens.
However, you should understand that bitcoin was affected by the virus and current global stock market situation too.
But bitcoin was and is a safe haven for a lot of people who has cash which devolves really fast

michellee

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Quote from: Kemarit on May 30, 2020, 03:55:41 AM

$10,000 is a big barrier and I don't think that because people are just sitting in their home with their machine and see bitcoin pop up when do search, we will see the price going to 5 digits again, it will not be the case. Lock downs around the world are easing already, so if your argument is true, then we will not see bitcoin at five digits? What we need is more people understanding the true nature of Bitcoin and how they will used it, Store of Value, investments or for trading to make more money.

No, that will happen like that. But people will buy and sell bitcoin will make the price up to and down, and back to $10k. Maybe it will not happen in a short time because people need to think and learn more before they decide to join in the bitcoin world. There is so many advertising about cryptocurrency in many places. That can attract their attention to the search for more information about cryptocurrency.

Quote from: kotajikikox on May 30, 2020, 04:40:36 AM

It is most important is the Volume of people that vested in this market because eventually in a matter of time and they found out that this is profitable,for sure they will Put their money inside and may add amount in future,what we need is for the whole world to acknowledge this market at the same time currency.

The number of people who join crypto will increase, we need to be patient because I think they still search for how they can use bitcoin and altcoin, how they can buy bitcoin and altcoin, and else.

$crypto$

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Quote from: Oasisman on June 01, 2020, 06:10:53 PM

Quote from: maxreish on May 25, 2020, 04:50:02 AM

I can see so many glitches if ever people tend to adopt and use bitcoin for online transactions. -fees (higher than usual) and slow transactions are one of the problems of it.

High tx fees and slow transactions are just a normal reaction when one of essential part of blockchain can't accommodate the massive work load in the network, like the massive transactions in the mempool.
Though, there's no denying that this has been the problem for years.
During this time of pandemic, Bitcoin isn't the only option for cashless transactions, because banks also has cc and debits, and other digital currency. But, Bitcoin could be one of the best investment during the economic recession.

In high transactions there is definitely a delay but it won't take too long because the blockchain network is so strong that it can accommodate more when many are tx.
But in this pandemic there are still some who use bitcoin and include cc, and debit and therefore continue to speculate on the use of bitcoin that is increasingly current because some people also do not know about bitcoin transactions.
So from I think if we pay close attention it is better to choose bitcoin with high surges even though it is a high risk that must be faced.

AniviaBtc

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Quote from: Negotiation on May 26, 2020, 11:33:18 PM

Bitcoin will help us in many ways to deal with the current epidemic situation If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

We need to deal with it, bitcoin is really affected by this pandemic and all of us are suffering due to the lack of financial help from the government. Our assets like bitcoin can be spend but if you're a wise holder, you will control it so that you will not lose any amount.

This pandemic is somehow a good influence because we can focus on our bitcoin and observe the market without any distractions. Time management is really important during times like this so we can prioritize things that we should do and minimize procrastination when we need to do important things just like this.

All of us want to grow our bitcoin but we should treat this COVID-19 as a positive effect in terms of cryptocurrency. But this pandemic is never a good event for those people who are suffering and dying on this disease.

Topic: Bitcoin and COVID (Read 1392 times)