How bitcoins is helping during the lockdown - page 7.

Bitcoinislife09

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

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

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.

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 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

The fiat money is not reliable to use since the physically money could be a way to spread the virus because they are so many people that touching it, In china they are using they Alipay card to cover all of the expenses they cash are just for emergency because it might contain virus. Also a lot of investors might sell their holdings in bitcoin because this is a emergency crisis for most of the countries like Italy. Fast transactions and you could send cryptocurrency at anywhere in the world I think they could really be useful at this times. Without jobs investment might come handy at this times.

imstillthebest

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Quote from: Vishnu.Reang on March 21, 2020, 06:00:29 AM

Quote from: johnyj on March 20, 2020, 05:51:42 PM

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

LOL... why should anyone in their right mind buy the coins now, when the economy is in meltdown? I would assume most of the users to sell whatever coins they have in their wallets, so that they can stay alive during the lockdown phase. And trust me, the upcoming block reward halving is not going to have any impact on the Bitcoin prices. We're in for a prolonged bearish phase.

i dont think most can sell on a lock down . people are also not working so exchangers were closed and the governments are only providing relief operations .

maybe on some places that arent really affected or already recovered , works on there are now normal and people can now sell and buy/cash in btc . people buy coins because they can pay thier love ones that are from a far away and avoid traveling to prevent the risk of the virus spreading . this is one of the help that bitcoin provide

Vishnu.Reang

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Quote from: johnyj on March 20, 2020, 05:51:42 PM

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

LOL... why should anyone in their right mind buy the coins now, when the economy is in meltdown? I would assume most of the users to sell whatever coins they have in their wallets, so that they can stay alive during the lockdown phase. And trust me, the upcoming block reward halving is not going to have any impact on the Bitcoin prices. We're in for a prolonged bearish phase.

wozzek23

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I hope you didn’t make him believe that cryptocurrency is a key to solving their problem, because if we are being sincere it is not, it doesn’t solve your problem. This is an investment and he can invest the remaining money he has and end up losing it and that would be worst for him, the price of bitcoin has been critical as of lately, so telling him to invest his money in Bitcoin is a really bad idea.

The only thing I support that he should do know is look for online jobs, and not even signature campaign because he will need to register in this forum and become an active user before he will reach a level to start joining signature campaign.

bitbink

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I can't say that Bitcoin helps me a lot now, I'm not going to sell a single satoshi before halving. At least, thanks to Bitcoin I have something to do during the lockdown (reading books and watching videos about crypto and blockchain).

Debonaire217

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In Code We Trust

Quote from: gentlemand on March 20, 2020, 03:26:12 PM

I'm not sure who it's helping right now any more than it did before, but isolation might fuel increased education about it and all the spectacular financial fireworks thrown around by countries like the US may drive people to ponder what the money in their pocket actually means.

Yes, because right now, even though we think of bitcoin as the solution for the lock down and the COVID crisis, bitcoin's price significantly decrease that means that people will not be willing to sell their bitcoin when they get stuck by the price when they can't sell at huge price. Meaning, there's a possibility that instead of using their bitcoin for this crisis, they might be hodling it now to avoid losses.

Quote from: gentlemand on March 20, 2020, 03:26:12 PM

There'll be a lot of boredom in the coming months but also a lot of learning.

That is, when people have internet in their respective houses, because if we have just TV, I think it is still kind of boring to watch TV all day, unlike having internet connection where we could always be updated and free, to watch and read anything we want.

ethereumhunter

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Quote from: samcrypto on March 20, 2020, 06:50:56 PM

Quote from: johnyj on March 20, 2020, 05:51:42 PM

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.

I guess that is happening in many cities too because many people read so many fake news from the sources that they don't know if that news is real or not. People need to read from valid sources from the government, so they don't need to panic, and they can prevent the virus that can infect them. Related to bitcoin, if people want to learn about bitcoin, they will know that bitcoin can be used for making transaction and they can buy anything with bitcoin if they cannot use fiat to buy their daily needs.

camito

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DAEFROM.com

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

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

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.

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 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

Because I am also aware of the lockdown, what matters to me right now is the safety of my family. Because it is hard to provide right now, and I have my parents, the only thing I can do best is maintain my status in the campaign. I admit too that Bitcoin is not really helping me much but I have to say that despite of the pandemic, how the campaign manages well is a good news. Your suggestion to the poor man is well a good hearted act but you might as well have considered its current status and you must observe him from time to time because we are aware that he is vulnerable to scams and fraud, as well as indecisiveness.

samcrypto

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Quote from: johnyj on March 20, 2020, 05:51:42 PM

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.

johnyj

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Beyond Imagination

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

princerepon

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I don't know how much helping bitcoin during this lock down cause still we depend on FIAT money very much. But people are so lucky which place or market approve btc as FIAT money. At lest they can buy goods or products from house. And those people have no worry about their salary whom working for btc in internet. At least they can earn btc seating on their chair. Cheesy

Otherwise i can't see a lot. But people will understand from this crisis why crypto currency need so much in human life.

ololajulo

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SOL.BIOKRIPT.COM

I dont stay in USA, UK and Italy at the moment, and I observed that most post looks like they are not in area of high threat. Maybe the victim dont come on this forum ATM. If anyone knows that he cant go out indefinitely and he has family with kids, he will think more of how to provide the necessities in the home at least for a month or more, it will call for emergence withdrawal of fiat, purchase this necessities and hold a little fiat which I was responsible for the market dump

MCobian

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I experienced the same thing, because in my country lockdown is also being applied. I as a food business owner can not
make money for about 2 weeks. And this is enough to make me stressed, because I also have a burden of debt to the bank.
Fortunately, there is a bitcoin that is a solution, I tried to trade so I could earn some money. And also do it signature campaign
for additional income. So it is true that bitcoin is very helpful in today's conditions.

gundala

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This is why I often say to my family that all matters relating to the crypto world, such as mining, trading, investing, and hunting bounty campaigns are very potential and profitable side jobs. For several times, what I got from the crypto world exceeded my main job in the real world, this gave me a great opportunity to save and realize my dreams. Until I have enough funds and decided to resign, and I focus on the crypto world until now. The advantage I feel is that I can still work optimally despite the chaos out there, but there is also a downside when the market is saturated and most of the bounty campaigns are filled with drama. Well, all work has risks, right?
The important point that I want to convey is, under any circumstances try to prepare savings to face difficult times like this. Try your best for the family and let's help each other by giving as much as we can.

gentlemand

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Welt Am Draht

I'm not sure who it's helping right now any more than it did before, but isolation might fuel increased education about it and all the spectacular financial fireworks thrown around by countries like the US may drive people to ponder what the money in their pocket actually means.

There'll be a lot of boredom in the coming months but also a lot of learning.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

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

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

It is too late this time, but he will learn the lesson that always have some bitcoin saving that can last him a few months. For now, the most practical solution is to take emergency loans that he can get, I suppose the government will come out with a such facility soon

johnyj

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Beyond Imagination

Quote from: kryptqnick on March 20, 2020, 12:18:17 PM

in the current situation it did not manage to get particularly useful so far...

It is helping people killing their time at home

kryptqnick

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

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

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.

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 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

Honestly, if a person doesn't have income, I don't think that investing in Bitcoin or in anything else is the right decision. One should not invest what one cannot afford to lose, and in this case a person definitely cannot afford to lose any more money. Earning through campaigns is a different thing, but quite unlikely if a person's so new to the market and doesn't have a highly merited account on Bitcointalk by any chance. Bitcoin is potentially helpful because using it cannot get anyone infected, but in the current situation it did not manage to get particularly useful so far...

Sanugarid

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Quote from: 20kevin20 on March 19, 2020, 07:22:54 AM

Lockdowns will not stop the virus from spreading. It will still spread, although not as fast, and will cause panic and chaos if it takes months to be lifted. If people are not going to be tested for the virus, a lockdown is not of much help. On the other hand, we have the recent 17yo boy from South Korea who's been tested 8 times in a row with negative results and then died; after his death, the DNA resulted in a COVID-19 positive. So now I'm wondering... how useful is testing in reality?

I agree tho, lockdowns will not stop the virus from spreading but man that is the only way to slowd down the infection rate, limiting people from their movement. Testing kits, I'm also skeptical about this one, my take on this is every country should have different testing kits and it should depend on the every factor that counts like climate, race composition and everything coz you can't just put a vaccine on a dog that has been tested on cats.

Quote from: 20kevin20 on March 19, 2020, 07:22:54 AM

To be honest, Bitcoin isn't helping me very much during the quarantine but the forum is. It's helping me very much actually. Spending time on here makes time pass way quicker so there's less time to think about the worst. Cheesy

I came to agree, even now people are hardly cannot connect themselves to atm machines, businesses are closed and banks are operating in limited times. Imaging having bitcoin on your e-wallet and cannot spend it, useless isn't it?

absy

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Quote from: ethereumhunter on March 20, 2020, 04:17:51 AM

I have this scenario in my mind:

We cannot go to a local store to buy daily needs, but we can ask them to send the product to our homes after we make a payment to them. And gladly, they accept crypto as the payment besides of credit/debit card so they could send the wallet address to us so we can pay them directly from our home. That will be excited to have that experience because we don't have to to go anywhere, and we can make a pre-order to them and let them prepare everything for us, and we only need to pay the transaction.
~snip~

I wish my country people were so free and knowledgeable of using crypto in their service . We still have people here who are afraid of making digital payments as they feel something might go wrong , so using crypto is still a long dream .

Quote from: GDragon on March 20, 2020, 11:02:51 AM

~snip~
Agree, every country needs mass testing. I think infected people without symptoms might be spreading the virus faster than we know. Lockdowns can help slow down the spread but it will only be effective when all the people gets help from their government, such as work pay, rents, and other needs. Otherwise, they will not remain in their houses when they know they need to work.

That 17 yr old news is kind of scary. How can we beilive in testing with that news? I wish it isn't true.

It is not as easy as you tell , the economy is down and the government has to support them and do you know how much it costs to just test one person? It is 5-6k here in my country which is equivalent to around 100$ which is a huge amount here .

Topic: How bitcoins is helping during the lockdown - page 7. (Read 1356 times)