Topic: Bitcoin and COVID (Read 1392 times)

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".

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.

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 .

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

Also looking at the way the btc has crossed 10k levels some times back will make people to switch from their other investment to make it into btc and thus due to which demand will also increase . Also market is back trading at 9700$ so good time to continue buying in bitcoin .

It is the acceptance that counts and would make bitcoins and other cryptos be more valuable. Banks have their own ways to make cashless transactions. Cryptos will always have that cons regarding the transactions and volatility, patrionizing it will not assure faster transactions and accompanied by higher fees.
Banks on the other hand are still as flexible and secured nowadays since it is more accepted in the society.
As long as cryptos are not yet supported and developed fully, it still has a long journey.

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.

I think this point is a good reason that bitcoin is still sailing for now otherwise, the economic lockdown is one big challenge for investment because of no physical buying and selling as much and people are then looking to invest online.

What do you mean by that? Are you thinking about paying without a cash in hand?


Sorry, but you are wrong. Bitcoin has been affected by the virus, just in a simple way - price decrease. On the other hand, investments into blockchain startups might be in lower amounts, just because of lower equity in VC funds.

I think the price of bitcoin will continue to rise though. Cause with this pandemic and certain informations circulating that the virus can be spread through fiat currency. Well digital currency might be the way out.

This brought good side effects especially to those people who are into cashless transactions using bitcoin or any crypto available especially covid-19 is always a threat no matter what and it urge everyone to stay at home at all cost. Covid did harm crypto industry especially to bitcoin that everyone started to panic sell and literally the price of bitcoin got dumped hard but everything was a good disguise for bitcoin to be the first option of sending money without going outside. This pandemic may have negative effects but it didn't stop people to make profit out of bitcoin.

Bitcoin adaptation is still in progress and actually its been running for more than 10 years now and we can see the good response of the people around the world.though this is not faster than Paypal(because of Bitcoin Volatility) at least we can find a safer investment for long term and not just for daily profiting.
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.

$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.

I also think that cryptocurrencies as a whole have relatively good times. Maybe we are still far from 2017, but Bitcoin is calm, despite all the horrors that take place in traditional markets. I hope that people understand the possibilities of digital currency.

I am sure bitcoin adaptation still running although we don't know how many people who already join in bitcoin world in this pandemic because many people stay at their home. But I believe that people browse the internet while at home so they can know what bitcoin is, and they can try to buy and use bitcoin as the investment. Meanwhile, bitcoin price will back to $10k again, and we still have much time to wait for that price, so there is no need to worry.

like for example what  ? i dont think btc can help us in many ways but maybe few only  .  like transacting wirelessly and it can act as a sideline business during these times were real business were temporary shutdown  .

if btc is the solution to recover then why not people invest on it but nah they arent  . many people still dont know the benefits behind btc but i also dont think it can easily revive a broken economy   . btc is too small for that  .

when you invest , there were risk too so it can realy solve your financial issues but it can also make it worst   . just saying

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.

Today with have many problems into the world of transactions many companies stop for a mean time having an export and import of their products which is not a good thing to do because some of the stocks and supplies from the different part of the community will be limited immediately because many people are consuming those a lot and some of the payment today is not going into physical money we all know that the physical money is consist a lot of dirt came from the places and hands from its previous users so one of the good thing we should adopt is with the use of the bitcoin or online payment, today there are limited person only knows the use of the bitcoin but some of them just know the use of the online payment or process like the paypal which is the same with the bitcoin and some of the stores over the world are already accepting the use of it which is a good sign for innovation and fastest transactions one thing that is good too in using the bitcoin for payment is the transpenrancy the users see the process and the transactions happen to identify if there is an interruption happening. I think the bitcoin will be the safe haven to the investors too because they can make huge savings on there it does not affect the fiat at the stock market because the bitcoin has still its own value if we are looking at on it.

With the spread of the corona virus that has continued until now, it should make the price of bitcoin rise dramatically. Because bitcoin can be
an alternative payment in a situation like now, where financial transactions must be done digitally. In order to prevent physical contact, and
payment by bitcoin is one of the best solutions. Bitcoin is also very good as safe haven, so some people have started collecting bitcoin from
now on.

when the covid 19 outbreak occurred I think with digital currencies such as bitcoin can be a place to make money transfers because with the presence of bitcoin can conduct transactions between countries with speed and ease when using bitcoin technology, when raising funds for their assistance the victims of covid 19 which is currently in the quarantine process at the hospital, the process will be faster.

People mostly use a fiat cashless payment system today via online payment. That's the most used now so in this method, fiat transfers already beat bitcoin transaction plus the fact that it only needs seconds to be processed and done.

There are also only a few stores and merchants accepting bitcoin so for many people around the world, bitcoin will not be considered in a time like this.

With Covid-19 happened or not, we really need more adoption for us to see bitcoin taking the spotlight in the payment system. Just imagine we have bitcoin today, can't leave our house, but yet can't use it to buy foods or essentials.

As if bitcoin and crypto was only the digital money, kindly understand that we have a lot of digital payments bigger than bitcoin, and they are still faster compared to bitcoin and cheap as well. If we are using bitcoin for our daily transaction, how would it be possible when it needs minutes to transact, for now, I can't be too confident with that, and also, don't forget the volatility, people does not want that as they are afraid of taking risk.

Bitcoin is only good if all are using crypto, since if we use bitcoin, we still go with fiat to buy bitcoin and vice versa if we want to convert since most of our needs like for food, services, and etc cannot be fulfilled using bitcoin to purchase these. you know, the world is still reliant on fiat and that might stay forever.

Obviously, credit/debit card still the number one used as far as online and contactless payment. No where can bitcoin surpasses it at this crisis, we are still in the minority. But with a lot of uncertainties because of the pandemic, and with crypto slowly maturing, there could be a chance that bitcoin will slowly be adopted in this outbreak, it could be another alternative. Be it as store of value against physical gold as people are looking for other means. Of course, there is the scaling issue, as you can see there's a lot of threads lately complaining about how much expensive the fee is, but I believed this will normalise and we can again use bitcoin will less than $1 which could attract more people to use it online.

I won't just speak about Bitcoins but it's Crypto and CoVID we need to talk over.
I believe Cryptocurrencies have already proven their worth as a safe haven even in this worst pandemic situation because BTC already gained back $10k again after falling to $3800 where other major stocks and shares have declined so badly in numbers. Even alt season has come now where daily, few coins are showing some good moves by getting up at least 50% and some even going above 5-6x.

Even i would dream for a day when there is a global adoption but for that to happen we need better scaling solutions so that everyone could send and receive bitcoin at a very low transaction fees. When i started bitcoin the motto was transfer any amount of money for basically zero transaction fees and it was awesome during that period but a few years down the road things changed as more people started adopting bitcoin and the network limitations will not help us in this situation.

May be in the next ten years we might see a global adoption with a much better scaling solution.

Your situation is a good example how crypto is influencing your life during this pandemic and I can say that earning via sig campaign is also a big help for me just like you do. And because of this pandemic , many people are finding themselves in front of their computer at home looking for options on how to earn money. And more than likely, they have encountered bitcoin along this journey owed to the media coverage regarding the halving that took place. Some will be interested on further checking out crypto while others will just it let go. However, those that got their interest on crypto, some of them will be crypto users later on because they will find some of the benefits that they can derive from the usage of it, thus, increasing the number of crypto users in the process.

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 has gained more advantage today because of this pandemic outbreak wherein cashless paymemt is more encouraged rather than paying with fiat which will cause rapid spread of corona virus. I think this is a good moment for bitcoin to be known to all the people about the benefits of bitcoin. Bitcoin may be a safe haven for today's world phenomenon but having it as a world currency may cause more doubt as the world is not yet ready for it.

this pandemic happens before the Bitcoin halving. Actually, the price of BTC keeps increasing because of the hype of Bitcoin halving. However, some moments ago before halving, the pandemic really destroy the global economy. It influences all sectors of life, not only the health sector but also the financial and economy globally. This also influences the crypto world, especially the market price of every crypto, mainly the Bitcoin.

Actually, during this COVID-19, many industries are started to adopt Blockchain technology and it becomes a good way for cryptocurrency as one of the ways to stop spreading the virus because we do not need to touch each other. And what happens to BTC, the price is still volatile, the fee is high because of halving, and the price sometimes keeps increasing. We cannot determine if this is influenced only by COVID-19 but also by the hype of BTC halving. For, everybody expects to meet the high price of BTC in some months following.

Here for me, I am no longer working in a certain industry because of this pandemic. therefore, I only focus on doing jobs in the crypto world.
When participating in the signature campaign with BTC paid, this is likely heaven for me because it can really help us to survive int his pandemic.

In brief, COVID-19 really give big impacts to the world, including Bitcoin.

The major advantages I see in using bitcoin as a means of payment which other payment methods don't have is that the transaction cannot be traced and you enjoy a very fast delivery of your fund with a very low transaction fees and a store of values for one's funds.
The issue of not touching dirty money may not be so particular to bitcoin as most people make transfer of funds using their bank app without going to banks just like using bitcoin.

You can't really tell. The price of bitcoin has been going down recently, but I think that's because of the Halving that took place recently , and we don't know for how long it's going to be. A lot of miners are no longer into their business of mining because they can no longer afford their mining cost or maybe they have a weaker mining that cannot continue mining cryptocurrency.

Bitcoin and other cryptocurrencies were already recovering from the impact of coronavirus, now is halving and I don't know how long this one is going to be. I hope the comes to an end soon, and the price can go back up.

Yes, exactly.

As above. Contactless and mobile for purchases where you have to physically be there, for everything else you can still use your bank card online (or Paypal or similar). This isn't specifically a time to be using bitcoin, it's simply a time not to be using paper and metal money.

Bitcoin has the potential to be a safe haven. At the moment though we are some way from that point; the volatility in particular make it more of a highly speculative asset. I do think it will become a safe haven eventually, just not for some years yet.

Yes, not all people can access and have an access to the internet that's why in some point, this will not become effective enough. Most especially, there are people who are ignorant about technology so that they can't relate on how fast our technology is advancing. That's not only the thing that we need to focus on, we also need to prioritize ourselves so that when we promote bitcoin, the effect of it will reflect on ourselves.


Digital currencies are really effective most especially that there are a lot of fiat currency that can probably infected by this virus. We all know that people are really anxious about the virus and this cryptocurrency are the answer to your prayers. It is safe and faster than fiat when it comes to a payment for transactions.

I just find this to be ridiculous. When the economy has a bunch of people fleeing the market, who will push the price of bitcoin up? People are constantly deluded by the power of bitcoin about how prices will always rise no matter what event. But when Covid 19 broke out, the price of bitcoin dropped more than 70% in just 2 days. That example shows that no one is stupid to buy bitcoins when the economy is badly hurt. Be realistic, that's the way you survive in this crypto market.

Bitcoin and covid always have different way how to make the connected but now look the same problem when covid 19 make trash of economic world crisis get impact with bitcoin, many investors have sold their assets because corona impact and try left for investing with bitcoin and altcoin right now.

Fees and slow network are also a big problem for bitcoin. I run a full node and it takes around five minutes just to start the software.
For this reason, I have been buying ethereum and monero recently. Their transactions are much faster. It takes one second for transactions with these currencies, whereas with bitcoin it takes up to one hour for the first confirmation, even with the highest fee.

I believe bitcoin adoption still running, and it has good progress, especially we are still at homes, so that makes people have their free time to browse on the internet. Maybe some of them are searching for the information about bitcoin so that can give them enlighten to invest in bitcoin, and that can increase the number of people who use bitcoin and altcoin. I am sure that bitcoin user will increase day by day, and we will see most people in all country will know and use bitcoin too.

high fees and slow networks is not a glitch but its a normal occurence here in bitcoin world  . you think the fee can be higher than usual because of halving but cant notice it  . what i see is still the same fee but fees can speed up or slow down the transaction   .

 other than that you are right that btc is still convinient due to so many reasons  . i wont mention it because for sure people already knew that and i explained it many times before  .

Before they can even think of Bitcoin as a "contactless" means of payment I know for a fact that we are far away from being used as a payment just because of this pandemic, why? Already now payment processing companies like Visa, Paypal, Mastercard, or Venmo are the preferred options for having a contactless payment the reason why is they are also taking the initiative with the government that they can reduce the risk of people transmitting the virus because their payment system is done digitally. Aside from that there are already modes of payment that is widely accepted already so I don't think that the world is looking for a solution right now since it is already here for them.

You're wrong about this, man. Unfortunately, many people still view cryptocurrencies as a means of making money. The way to change this is through the adaptation of cryptos as you said. But I don't think it's an easy thing. Perhaps it will take years for this to happen.

I think we should agree on the subject. While there are so many uncontrolled crypto assets on the market, we cannot talk about full adaptation. Today there are about 6000 different cryptocurrencies. Do you think it is possible that all of these are available and continue to live? I have no chance. A few (maybe tens but not more) of really functional and high quality are enough for us.

Due to the unreasonable, tyrannical lockdowns done by evil governments around the world, using a cold as an excuse, many people are losing trust in the established institutions, which might prompt them to buy crypto, to safeguard their assets.

However, much more people dont have any asset to safeguard, and lives from paycheck to paycheck. As such, I dont think this will have a big impact on the price. For now, I have only seem the usual whale manipulation due to the halving. The hype is now cooling, which might resume the permanent, derivatives-driven, bear market. Right now I see the price going to the 5-6k range.

More and more people stop trusting their governments with their money, well, beside with bonds maybe. Also, people start to question the demeanor of their leaders in this crisis. The more the mistrust in the established system grows the higher the chance that people search for alternatives. Today, they start to question the measurements of the government regarding covid but what are they gonna do wrong tomorrow we might need to question? The only real issue of a crypto overturn is the global acceptance rate and the lack of real life use cases in easy to use apps when it comes to tokens outside the Bitcoin ecosystem

I don't like to put bitcoin and covid in the same sentence. Why would we do that?! Yes we can find some positive effects, but do we really need to do that?! You think that crypto needs some bad virus for making progress?! We would make progress without it. I agree that this crisis can speed up that process, for numerous reasons, but we should not celebrate for that, it's stupid to celebrate for some positive effects made on misery of others!
Bitcoin is bitcoin, crypto is good for many reasons, not just because it's cashless and you can't get covid if you use crypto! Crypto has many more advantages, far more important that this!

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.
 
 On the other hand, the conveniency is present in times like this of pandemic situation but there are still things that we need that can not be provided by onlinr websites.

Great picture for the post! (at first, it seemed to me that bitcoin was flying at her)

It is important for us to have means of subsistence, to have food, clothes, a house. But this does not mean that in any case it is necessary to strive only for great material benefits. I think that quarantine and this whole situation is more of an occasion in order to begin to develop your spiritual beginning, and not material. It will bring much more satisfaction from life. A harmonious person is doing well (including with material benefits).

This issue has been discussed many times in different sections of the forum. And I think in the end, everyone agrees on that. If a full cryptocurrencies adaptation had been achieved, it would have been useful in this process. But it is obvious that it is not possible to say that it is accepted worldwide. So it's hard to say that Bitcoin can make a difference during this epidemic right now.

Contactless and mobile NFC payments of debit cards are more popular now.

It will work if you live in a community that accepts bitcoin. You can happily buy groceries and pay with bitcoin, you don't need any contact but just simply scanning their QR codes and pay all of those goods that you need. It is ideal to use any cashless payment like bitcoin but, it's not yet massively adopted because most governments are strict if that's the topic. And they can't just go with what we want unless they know what it is somehow, there are other payment solutions that they prefer.

I disagree. BTC might not be able to process as many transactions as VISA or other payment systems, but it still can process a decent number of transactions especially if LN is added into the mix.

You do realize that the LN can help nullify this problem, don't you? As long as people stick to small payments and regular customers, BTC can be a viable alternative to FIAT even though other digital payment methods are way more popular in comparison.

Bitcoin is really a good alternative for fiat especially now that the virus is very contagious and one of the most handy material of us is the money. We are all looking for bitcoin adoption since it became huge after several years and we already have seen various of companies taking advantage with bitcoin. However I don't really think that this volatile coin will be looked as a currency even during in pandemic period.

Reasons why bitcoin might not be adopted as an alternative for fiat now is the transaction fee, we know how much traffic do we have these days that transaction fees are in the sky. Secondly, the most obvious one, the volatility as it is decentralized. You bought an apple yesterday with 0.0001 btc, the price moves up and you could have buy a basket of it. Lastly, we have digital payment that would cost less than fee than using bitcoin plus the existence of online banking. This is not the time for bitcoin 

Some people also say that bitcoin will be an alternative transaction during this pandemic because people are reluctant to leave the house to make payments so if you think bitcoin can prevent the spread of the virus with transactions at home too, but credit cards can also do this even now some bitcoin and credit cards used may be less cash payments now.

But now there are many who are adapting to bitcoin because it was during the pandemic that there were a lot of suggestions going on or mass adoption of bitcoin would be done because it was effective according to them, but to become a world currency I didn't think about it because there were still some shortcomings of bitcoin maybe the network slow ones.

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.

That's true! But we should also think about the scaling issue that bitcoin network is facing right now. That's the reason why I always oppose the idea of bitcoin becoming the world currency. Because bitcoin network is simply not capable of handling such volume. If we see more and more people adopting bitcoin, it will result in a congested network with abnormally higher fees per transaction. We have already started facing the heat! Bitcoin can't become a front-runner in cashless economy. It will be CBDCs which are centralized and controllable in nature. These can quickly scale up if needed, but bitcoin can't. Sad but true!

Op you have written or said the obvious as people now see it. This covid-19 is advancing cashless digital payment which cryptocurrency is part of. We are going to see more of people coming into the circle of trading bitcoin because of at least you can do such from smart phone and home.

IMO, the idea isn't bad in fact, I'm also looking forward to the global adoption of Bitcoin and other cryptocurrencies, for a safer environment and healthy way of living because of not getting exposes to any possible carrier of the virus. It is still too early for cryptocurrency to takes place and become the new medium of exchange for digital money like debit or credit cards are still on the line waiting to be embraced by people globally. I'm still positive that the future of exchange will still be cryptocurrency because of the advantages that it can bring to everyone.

However, this proved that Bitcoin isn't correlated with the current pandemic, despite the economic crisis faced globally, Bitcoin price still uptrend.

As the people are staying at home leaving their business, they are diverting their fund in such digital market. Because they can operate their investment staying at home and also make profit. As the investors and investment are growing in this platform, COVID-19 is unable to affect the market and thus the bitcoin market cycle is going up.

If you ask me the meaning of work from home, I will simply tell you that crypto currency is the answer.
Before the pandemic we use cashless transaction method and at this moment of the same pandemic we are still using the same method which is the saver and easiest way to protect ourselves from contacting the virus.
I think this is the time crypto adoption help the whole world.

Before this pandemic outbreak happens we see that the market price of the bitcoin are running toward to good market value from the month of February it takes the peak for over $10,000 which a huge amount and having warming welcome back to the market income of the coin, but in just a single month the market price of the bitcoin falls down into the month of March and reaches the value of $3,800. In some cases, there is a huge impact of the pandemic outbreak into the economy because the stock and shares falls down but the thing is the market price of the bitcoin are still going into the uptrend. Many people stated that bitcoin becomes a safe haven because it still has a good market price that is continuously pumping. Also, the use of the bitcoin has huge benefits to the whole economy if they will adopt this it may prevent the virus from spreading too. If we use the bitcoin or the cryptocurrency as a transaction we can now avoid getting outside just to transfer your funds, also we can use this for having a secured transaction, and one of the best thing we will not touch any tangible money which is dirty money can cause rapidly spreading the money.

What do you think about this bitcoin adaptation? It can benefit while we are having this pandemic outbreak.