Topic: Bitcoin was created for time like this! - page 2. (Read 472 times)
Finally, this is the time for bitcoin to help everyone who's affected by the Coronavirus because their benefits is we can buy anything through the online transaction process, especially on our medical support, compared to fiat currency so let's pay tribute to the team of mystery person who's created and invented bitcoin known as Satoshi Nakamoto.
Bitcoin was created to be money for electronic transactions that don't depend on 3rd parties to verify the txs. The 'safe haven' thing is a narrative that comes after that where people want to get rich quickly so they 'force' others to buy it.
Regardless of the price, bitcoin is still the best means of payment if you prefer decentralization.
Regardless of the price, bitcoin is still the best means of payment if you prefer decentralization.
Speaking of third parties, I lost my trust on my third party app and kept my coins on a wallet that the private key id on me. I was searching my btc on blockchain and the balance was 0, but in my app it has btc balance in it, now I know that it's not different from banks if you use 3rd party wallets, because they could freeze our accounts anytime.
I was buying btc and eth amid the dip, it is really on bargain, hoping it would go down even further but it is had to know whether it would or bounce back.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Bitcoin whitepaper never stated that Bitcoin is a safe haven, it says that it's a peer-to-peer digital currency. The idea that Bitcoin is a safe haven or a digital gold started floating around much later, and it was always untested. And even if there were such words in the whitepaper, it doesn't mean that it's automatically becomes true - the market decides what is a safe haven and what isn't.
As for blockchain technology, it has absolutely nothing to do with the coronavirus. Well, I'm sure some scammers will try to create a blockchain for fighting the virus, but at its core blockchain is completely unrelated.
indeed to anticipate the spread of the corona virus, bitcoin is an effective currency to prevent its spread. we know paper money is a good tool to transmit the corona virus, because the virus can last about 10 hours, and that makes paper money occupy the highest rank of corona distribution media. The government should consider this so that the virus does not spread widely
To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Then you have not given us reason that price has dropped this down in your post. As this time is suppose to show that third party transaction can be avoided to exclude contacts, true. But despite this important advantage of third party exclusion, why has price dropped ?.
This events has no correlation with what is happening to bitcoin, it was not made for this, it was the unfortunate circumstances that made it look like it was made for this. What bicoin really is made for is that it was a way of payment for services without the hassle of physical transaction. The investment part was latter added I think.
Expect another big drop tomorrow.
Only issue is we have more investors than enthusiasts so they are ready to sell at anytime to make profits or get themselves away from losses.
In long term, bitcoin may answer that is it really capable of surviving natural disasters like this until we should spread the word bitcoin more than the word corona.I see some people stick small posters in public places so people will get to know about bitcoin, as enthusiasts this is our time to spread bitcoin across the world.
In long term, bitcoin may answer that is it really capable of surviving natural disasters like this until we should spread the word bitcoin more than the word corona.I see some people stick small posters in public places so people will get to know about bitcoin, as enthusiasts this is our time to spread bitcoin across the world.
Anybody know what’s the reason behind the last Friday sell down? I think people will just keep it in the dark so nobody would know what’s that, why don’t we ask satoshi to give their insight? That’s really a strange phenomena going on, are we going to see the same crisis in the next open trading day? I think the coming Monday is very crucial, it’s going to be a moment of truth.
Most likely, when tough measures began to be taken to prevent the spread of coronavirus, people, as always, began to actively stock up on food and other essential goods. It took money, and Bitcoin is not yet so liquid that you can directly buy for it. Therefore, it was exchanged for cash. Apparently, its price fell for this reason. It is also possible that the whales also orientated and began to lower its course. However, Bitcoin was not ready to be a reliable refuge in such situations.
Anybody know what’s the reason behind the last Friday sell down? I think people will just keep it in the dark so nobody would know what’s that, why don’t we ask satoshi to give their insight? That’s really a strange phenomena going on, are we going to see the same crisis in the next open trading day? I think the coming Monday is very crucial, it’s going to be a moment of truth.
Most likely, when tough measures began to be taken to prevent the spread of coronavirus, people, as always, began to actively stock up on food and other essential goods. It took money, and Bitcoin is not yet so liquid that you can directly buy for it. Therefore, it was exchanged for cash. Apparently, its price fell for this reason. It is also possible that the whales also orientated and began to lower its course. However, Bitcoin was not ready to be a reliable refuge in such situations. 
This is the time that bitcoin is really needed by anyone, because of the virus there are so many people are afraid of going out to prevent attachment to other people, or to avoid contact from others so the virus cannot be transferred to them. By the use of the bitcoin, we can purchase something we want, we can still transact online using the payment of bitcoin.
There are so many purpose of cryptocurrency, it is more safer and more faster in terms of transaction compared to fiat currency because all things happen through online, you don't even need to go outside, go to the building that the transactions will take place.
But if the virus passed away, fiat currency will still be prepared to used by many people because we can use it anytime and anywhere, especially for the daily purposes.
There are so many purpose of cryptocurrency, it is more safer and more faster in terms of transaction compared to fiat currency because all things happen through online, you don't even need to go outside, go to the building that the transactions will take place.
But if the virus passed away, fiat currency will still be prepared to used by many people because we can use it anytime and anywhere, especially for the daily purposes.
True. But it is also important to create the right infrastructures for people to use their valuable bitcoins on, especially if you can't easily attract them to the Network. There should be things built on top of Bitcoin that people should find very hard to resist. I should be able to buy/sells good things with fellow Bitcoiners in peer-to-peer or decentralization manner.. . and it should specifically be things that are harmless to people and societies.
The centralized operation can be stop but bitcoin will not, bitcoin is created for the purpose of decentralization, it could be useful in any situation but at this time it will be very useful. It's been in many articles in the past, when there is an economic crisis, bitcoin is the best hedge for our money and I believe on that, but so far the market is not good, we are seeing some big dump but I know it's not something an organic action, it's the people's action who tried to manipulate the market and those weak hands who easily get panic.
The market behavior that see bitcoin down to $3900 and bitcoin follows stocks, commodities and oil in all time sell off on Thursday should not discourage the bitcoin enthusiasts because people did not understand that bitcoin was created for time like this.
Of course, why we should be discourage, this is just part of the market behaviour, people panic is this kind of pandemic, but it the long run bitcoin can still recover from all of this scare and economic and geo-political issues.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Maybe others have read bitcoin whitepaper and not understand it because they are focused on making money here. But we will have to see how the whole "bitcoin is a safe haven" narrative will be in the next coming months specially if the epidemic is not contained.
As people are prohibited to go outside to prevent the spreading of the virus, they can use bitcoin as a digital payment for them to not to go outside and make physical transactions. I believe that at some point, government will see the true advantages of bitcoin in our daily lives, most especially in a crisis like this. Some people thinks that bitcoin is a scam without even having some information and ideas about it so that people are scared to try. They are just focusing on using fiat currency while it is very dangerous to use it. People with the virus can touch the tangible fiat money and can infect the next holder of it. They should be knowledgeable and know how to use, hold, and promote bitcoin for a more safer transaction without a p2p. I'm hoping that the government in a more affected country uses it so that it can lessen the transmission of the virus from one person to another.
The market behavior that see bitcoin down to $3900 and bitcoin follows stocks, commodities and oil in all time sell off on Thursday should not discourage the bitcoin enthusiasts because people did not understand that bitcoin was created for time like this.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Indeed, this would be a great chance for a lot of people to invest and buy a lot of stock of Bitcoin because of its price in a dump. Surely, Bitcoin will make a comeback in this coming months because, of the upcoming halving event that would lessen its overall supplies leading to an increase in demand and so is the price. Bitcoin this days have been in a continuous dump and still haven't retained much in its higher values this year but, I believe that this year would be great for Bitcoin so we could expect a pump in these coming months. Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
In addition, as a lot of countries are now quarantining fiats because of the pandemic, this could be good for Crypto community as it is more likely that people would instead use it to avoid being infected by the virus.
If you mean for crisis time - i dont think so. Its so unstable and panic sell may destory everything. And there a lot of panic right now actually
Anybody know what’s the reason behind the last Friday sell down? I think people will just keep it in the dark so nobody would know what’s that, why don’t we ask satoshi to give their insight? That’s really a strange phenomena going on, are we going to see the same crisis in the next open trading day? I think the coming Monday is very crucial, it’s going to be a moment of truth.
The market behavior that see bitcoin down to $3900 and bitcoin follows stocks, commodities and oil in all time sell off on Thursday should not discourage the bitcoin enthusiasts because people did not understand that bitcoin was created for time like this.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.
Bitcoin was created during the last global financial crisis in 2008-2009,so Satoshi Nakamoto has something in mind about creating a digital asset or currency that would be strong,wet flexible enough to resist a global financial disaster.However,our governments will never promote the blockchain.The pandemic situation doesn't matter.
Please stop with the "safe heaven" BS.If you are under quarantine,your only "safe heaven" will be your supplies of food,water and remedies and you won't care at all about cryptocurrency or stock prices.
They'll see the effeciency of bitcoin in times like this and other dire situations that we might face in the future. When banks are required to close and no transactions shall be made to stop the spreading of the virus through cash.
Being an investment becomes the main concern these days but its effeciency as a means of payment should be the major concern in times like this.
Being an investment becomes the main concern these days but its effeciency as a means of payment should be the major concern in times like this.
Bitcoin was created to be money for electronic transactions that don't depend on 3rd parties to verify the txs. The 'safe haven' thing is a narrative that comes after that where people want to get rich quickly so they 'force' others to buy it.
Regardless of the price, bitcoin is still the best means of payment if you prefer decentralization.
Regardless of the price, bitcoin is still the best means of payment if you prefer decentralization.
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