How bitcoins is helping during the lockdown - page 3.

Savemore

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Quote from: Debonaire217 on May 08, 2020, 12:27:01 AM

Quote from: finaleshot2016 on May 07, 2020, 02:20:20 PM

Actually, it is true that bitcoin is a safe haven during a pandemic, I managed to buy some essentials through bitcoin. Without it, It'll be hard for me to buy those essentials that will keep us safe and survive during a crisis, It's already proven by many people. I guess it's better to have a digital asset that can be used to transact online.

It depends actually on how we perceived the meaning of safe haven for assets. Because in comparison to Gold, Bitcoin declined due to the pandemic crisis and Gold stays at the same price. With this, bitcoin being considered as a safe haven for me as an asset is not valid. Going back to OP, regardless of bitcoin being safe haven or not, bitcoin really helped allot during this crisis, more and more transactions are being transferred through means of cryptocurrency and bitcoin, that is because, allot of remittance centers aren't available, it also serves as a way of donation to help COVID patients and frontliners aside from personal necessities we need to have.

In terms of payment system nowadays, bitcoin helped many people especially those who are in the lockdown. The WHO warned many people that the virus can be spread through the cash so there is advantages of using bitcoin. In my country suggests to use online payments system especially with the use of certain bitcoin apps where there are a lot of features like able to pay bills and able to buy load and also able to send bitcoin instantly.

milani

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This pandemic situation had not good impact on our lives. Lots of people because of the lockdown had to stay at home, sometimes even being jobless. As for me the crypto and BTC itself helped me not to concentrate on different negative things that were because of the quaranten and even to earn a little. Crypto is good choice nowadays. But of course it is too risky to do something here without any knowledge))) so everyone who has just started should learn a lot about crypto first.

Debonaire217

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Quote from: finaleshot2016 on May 07, 2020, 02:20:20 PM

Actually, it is true that bitcoin is a safe haven during a pandemic, I managed to buy some essentials through bitcoin. Without it, It'll be hard for me to buy those essentials that will keep us safe and survive during a crisis, It's already proven by many people. I guess it's better to have a digital asset that can be used to transact online.

It depends actually on how we perceived the meaning of safe haven for assets. Because in comparison to Gold, Bitcoin declined due to the pandemic crisis and Gold stays at the same price. With this, bitcoin being considered as a safe haven for me as an asset is not valid. Going back to OP, regardless of bitcoin being safe haven or not, bitcoin really helped allot during this crisis, more and more transactions are being transferred through means of cryptocurrency and bitcoin, that is because, allot of remittance centers aren't available, it also serves as a way of donation to help COVID patients and frontliners aside from personal necessities we need to have.

kayvie

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Quote from: fiulpro on March 19, 2020, 07:06:25 AM

No jobs , no schools , no small businesses , nothing.

This is the saddest part that we are all facing right now, especially those people who has a job with a protocol of no work no pay.

Quote from: fiulpro on March 19, 2020, 07:06:25 AM

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

I also think that way. Bitcoin become a tool where I can save my money and use it anytime I want or if ever that I really need it.

Quote from: fiulpro on March 19, 2020, 07:06:25 AM

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine .

How the signature campaigns are still being managed efficiently is amazing 🔥

Yes, it is really helpful for everyone. It is big support that everyone really appreciated.

yohananaomi

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Quote from: TrevorS on May 07, 2020, 10:54:27 AM

Quote from: ?? on ??

Bitcoin is really a save haven and this pandemic has proved that. In has been the one I have been using in term of assistance since all banks are closed. We are in an era of financial freedom.

Whether this is true or not, we can only see when we look back when all this disaster ends. At the moment, Bitcoin is showing positive changes and really looks like one of the most sustainable assets.
But this is only at first glance. In the past, we saw how this stability fell before our eyes for several months. Therefore, it is impossible to say unequivocally that bitcoin now, for example, is better than gold, the price of which is also growing.

maybe many perceptions can be awakened by the situation like now, because we do not know in the future what it looks like and whether it can pass quickly. I agree that bitcoin is one of the transactions that is most likely not directly affected by the pandemic.
but those directly related to economic life and the necessities of life are not directly disturbed in my country. because there are facilities that are given so that many people are not even affected. but it is clear that banking has decreased transactions because many people are not working anymore.
bitcoin is currently experiencing a good increase and does this indicate an improvement? difficult to determine because the pandemic is still ongoing and other possibilities could occur in the future.

finaleshot2016

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Quote from: TrevorS on May 07, 2020, 10:54:27 AM

Quote from: ?? on ??

Bitcoin is really a save haven and this pandemic has proved that. In has been the one I have been using in term of assistance since all banks are closed. We are in an era of financial freedom.

Whether this is true or not, we can only see when we look back when all this disaster ends. At the moment, Bitcoin is showing positive changes and really looks like one of the most sustainable assets.
But this is only at first glance. In the past, we saw how this stability fell before our eyes for several months. Therefore, it is impossible to say unequivocally that bitcoin now, for example, is better than gold, the price of which is also growing.

Gold is a good asset and maybe more essential than bitcoin to some people since they're still occupied by their traditional thinking.

Actually, it is true that bitcoin is a safe haven during a pandemic, I managed to buy some essentials through bitcoin. Without it, It'll be hard for me to buy those essentials that will keep us safe and survive during a crisis, It's already proven by many people. I guess it's better to have a digital asset that can be used to transact online.

TrevorS

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Quote from: ?? on ??

Bitcoin is really a save haven and this pandemic has proved that. In has been the one I have been using in term of assistance since all banks are closed. We are in an era of financial freedom.

Whether this is true or not, we can only see when we look back when all this disaster ends. At the moment, Bitcoin is showing positive changes and really looks like one of the most sustainable assets.
But this is only at first glance. In the past, we saw how this stability fell before our eyes for several months. Therefore, it is impossible to say unequivocally that bitcoin now, for example, is better than gold, the price of which is also growing.

GDragon

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Quote from: Zionatin on May 02, 2020, 06:41:28 PM

I don't know whether bitcoin is helping during the lockdown. I don't think so. There are other matters to attend to that involve fiat unfortunately. Has bitcoin got great potential during the lockdown? Absolutely yes!
Just the fact that is is digital and you don't need to be physically near anyone to pay them makes it a good choice. Pretty much anything digital has a great potential during lockdown. The fact that all you need is a phone and internet connection works well since most people have that and during the lockdown many people are on their phones or playing video games.

It may be helping us few people who are into bitcoin. However, I still can't say that it is the answer to this pandemic because a lot of people in the world are into fiat money. Stores are also into fiat. Don't get me wrong, bitcoin really helps me, but I can't really say to a person suffering now that bitcoin can help him, there is so much risk, so much time needed to learn about bitcoin to have less risk. They need to earn without the risk of losing the money which they needed.

And, you forgot to tell that a lot of people doesn't have a phone and internet connection too, especially to us 3rd world country, and they are the most vulnerable ones in this pandemic. I can't tell them to try trading in bitcoin right away, they didn't even have the money to use anyway.

Zionatin

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I don't know whether bitcoin is helping during the lockdown. I don't think so. There are other matters to attend to that involve fiat unfortunately. Has bitcoin got great potential during the lockdown? Absolutely yes!
Just the fact that is is digital and you don't need to be physically near anyone to pay them makes it a good choice. Pretty much anything digital has a great potential during lockdown. The fact that all you need is a phone and internet connection works well since most people have that and during the lockdown many people are on their phones or playing video games.

princesspoppy

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I know that the OP wants to help someone in need to have income using the best way he can and the safest thing he know during this quarantine. Well for me, bitcoin isn't really helping me right now. Doing signature campaigns requires more time before you receive tokens/coins that can be exchanged to bitcoin or to fiat money, if he can't wait for a long time, he can go for investing and trading but it requires capital and if he has less money on hand, he would not have that capital. Also, he has to have knowledge about the market and about trading in order to earn and make profits.

fullhdpixel

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Recommending Bitcoin to him is a good idea, but what kind of job did you recommend that he do? Because, if you're trying to say that he's going to be investing money, then that would be a bad idea at this time. A lot of people right now are looking for a means to put food on their table till the lockdown is lifted by the government.

We are not sure when that's going to happen, although in some countries the government has said they will be lifting some of the restrictions and allow people to go to work so that they can make money and take care of their needs. If there would be some payment process services which accepts bitcoins for loading ATM cards then at least we can see people are making use of their bitcoins at this lockdown times when they may not have regular income streams. Let's wait and see what future is going to unfold for all of us.

yazher

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The best thing about bitcoin in the time of lockdown nowadays is when you participated in some of the signature campaigns. even though the payment is not that big, it's a big help for us. we can somehow earn to buy ourselves our necessary needs like food and others. lucky those who are chosen to participate in the signature campaign because they are no longer need to wait for their government to give them support, they can go buy what their needs with these decent earnings they got. especially those who live in a 3rd world country like me, this is a huge help for us because till now the promise allowance that our government gives is not yet arrived at us.

TalkStar

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Quote from: finaleshot2016 on April 23, 2020, 06:56:00 PM

Regarding lockdown, I agree with @20kevin20, look at South Korea, they have already wiped the COVID-19 cases on their country by enforcing lockdowns, but more cases have occurred once again after lifting it. An anti-virus or vaccine is required and the only key which makes us immune to COVID-19.

So obviously, my current bitcoins help me live through this ECQ / lockdownmi increasing the days of ECQ because it's unlikely to avoid the COVID-19 through simply lockdown enforcing.

Almost all covid-19 affected countries are following the same lockdown procedure where its actually an way to keep the spreading speed lower and buy some extra time for finding cure. During this situation some countries have already started to lift lockdown due to run the frozen economy. Honestly we have nothing much left on our hand and fight against corona virus is going to be much longer than we are expecting. In this global crisis most people who live under poverty line or near that are facing problems with buying food, medicine and other costs.

Specially in some countries banks and related organisations are keeping their banking services open for only 1/2 hours daily. So its being so tough to withdraw cash even if you have enough savings. For all these obstacles and lockdown issues people are depending fully on mobile and online bankings. So in a situation like this who are earning bitcoin and holding a good amount is relatively on safer side. IMO bitcoin will definitely help a lot of people to maintain lockdown procedure for a long time and its the advantage of using crypto currency.

danggoron

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Quote from: ?? on ??

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Lockdown did not stop the spreading of coronavirus. It just freeze the virus because the mechanism of the people makes the virus vulnerable to all. The more we are walking and interacting at our town, the more that infection or sharing of virus will have. Virus never walks but the person who carried virus is the one that moves.
So, lockdown never stop covid it will just pause the continuously spreading of virus. Therefore, even we don't want. We must abide.

This is one effective way to slow the rate of spread of the virus. So that most countries impose lockdown. The goal is to reduce transmission speed so that medical personnel is in a balanced position to treat patients. In the meantime, some curves still show disproportionate comparisons, where the number of positive patients is greater and not proportional to available medical personnel. Therefore let us help each other, reduce outside activities if it is not important. Stay at home

Of course, those who have side jobs, like us who have a way to work in the crypto world, should be grateful for being able to get money. Lots of people lost their jobs and difficulties during this pandemic, as much as we can help.

GDragon

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Quote from: wozzek23 on April 23, 2020, 07:51:55 AM

If it’s with investment, to be sincere , he’s not going to make anything profit at this time. And as for bounty campaigns, that’s a good choice, but it’s going to take him sometime to be able to start joining them and making earnings, since he will have to work towards growing his account in this forum and becoming a junior member at least.

These days, you can’t grow your account by just spamming the forum like some used to do before. This time around you work hard, you write good posts and you also have patience. If he can have patience and work on that, then he’s going to benefit from this community. And I hope he does.

This is what I've been thinking too. It may be helpful for us because we are already in the scene. We have stock bitcoins, already included in a paying campaign and continuously receiving payments while staying at home.

However, we can't generalize that all can easily earn in bitcoin. They should be informed about the currency. They needed some time to be able to earn, and the risk are high specially for those who needed money as soon as possible.

FlightyPouch

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Quote from: Wayan_Pedjeng on April 19, 2020, 09:50:39 AM

Those who invested earlier are lucky. Most of them have significant holdings and they can survive these tough times by selling their coin holdings. But investing in Bitcoin at this point is extremely risky. You don't know in which direction the prices are going to move. I would rather chose reliable assets such as gold and platinum at this point.

Well, we can't really do anything about that, can't we? And I don't think they are doing that since for sure, most of those whales that you are saying are now holding their btcs for the incoming having since it would give good opportunities for them to sell or have a profit. The price drop a lot of times now since the start and I don't think we should say that they are lucky, being first has its cons too.

finaleshot2016

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Honestly, bitcoin is a great support to me during ECQ or enhanced community quarantine as I have no savings left. That is why I am still hoping that bitcoin will grow to double my income. It's hard to live like this because we don't have any means to raise money and some of us are lucky because they receive money from this platform through bounties and promotions all the time.

Regarding lockdown, I agree with @20kevin20, look at South Korea, they have already wiped the COVID-19 cases on their country by enforcing lockdowns, but more cases have occurred once again after lifting it. An anti-virus or vaccine is required and the only key which makes us immune to COVID-19.

So obviously, my current bitcoins help me live through this ECQ / lockdown, even increasing the days of ECQ because it's unlikely to avoid the COVID-19 through simply lockdown enforcing.

hahay

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Right, with bitcoin at least someone who has been in the market for a long time and this community at least has an income that might be enough to support the needs of food and other necessities for the family every day, but when someone comes to this market because they want to earn income in this market then I don't think it will be easy for those who have lost their savings and of course it will be increasingly difficult. But when they still have a lot of money in their savings, then of course this bitcoin or crypto market can be a solution for them to still be able to get income by doing day trading or even mid term investment.

pawanjain

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If I would have been in that person's place then I would surely not choose to trade bitcoins in this pandemic situation.
That guy is already suffering so much due to no income and besides that he also has to take care of his family.
The current market is risky to invest and investing in bitcoin without any experience in such a situation would just be foolishness.
But yeah doing campaigns and providing online services for bitcoins would be a great deal of tackling the current pandemic situation.

wozzek23

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If it’s with investment, to be sincere , he’s not going to make anything profit at this time. And as for bounty campaigns, that’s a good choice, but it’s going to take him sometime to be able to start joining them and making earnings, since he will have to work towards growing his account in this forum and becoming a junior member at least.

These days, you can’t grow your account by just spamming the forum like some used to do before. This time around you work hard, you write good posts and you also have patience. If he can have patience and work on that, then he’s going to benefit from this community. And I hope he does.

Topic: How bitcoins is helping during the lockdown - page 3. (Read 1356 times)