Topic: How bitcoins is helping during the lockdown - page 9. (Read 1356 times)

I tend to disagree that it will best right now to invest in something volatile, it will be very risky to do and besides if the person needs it in the short term that will not literally help him, it may break him even more if it continues to decline. I may agree he can have an extra income if he joins campaign but that matters on his rank since maybe like Full Member or higher, token campaigns will not help him since most of them pay once the campaign finished for over a month or longer.

If you still earning through bitcoin I guess it will still help you, for example, you have some balance and want to cash out those you might still since remittances are still open or even send it to someone you know e.g. a family member or a friend in need of money and besides it easy to send it or cash out it even just on your mobile phone.

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Somehow that's what my impression too since he seems speaking to the person that signature campaign was more like an ideal job, when in fact it shouldn't be the case.

I don't worry about that because I am not sending eth which I have held for a long time . The thing is , our bank right now has some restriction of how much I can send others , so I have just kept the fiat in exchange and I will buy and send the ETH whenever it is necessary, the other party converts it instantly and withdraws. So I am not suffering any loss ( except the fees which is actually negligible ) .

I don't know how bitcoin will help during lockdown. Because you could only make transaction between blockchain but if you are unable to cash out on real cash then bitcoin wouldn't help you on that case. For real cash you have to go bank, exchange or ATM where support bitcoin withdrawal. But if lockdown means everything will be locked. Really feeling bad because of world crisis due to COVID-19. Should be fine everything as soon as possible otherwise global economy will collapse totally and we will face more problems especially for foods.

I think this is too fast unless you are able to provide the person your spare account for him/her to start doing campaign here on our forum. Though, the idea of bitcoin at this times is really to become the alternate transaction medium aside from cash. I will just reinstate the scenario in our house just a week ago. One of my relative sanitizes almost all of her cash and in that point, I told her to use digital payments and some information about bitcoin, how to use it. She agree, but her response is that, it is quite hard for newbies to learn it. That is why, we should not stop on providing help for people around us. Especially, to take the situation as an opportunity to help other people by inviting them to use bitcoin.

How about trading and investing are they still promosing at this situation? I only see that in the OP you just stated that signature campaign is a solution for people who don't have any income. In the first of your post I guess you will be explain that bitcoin will help people to reduce the using of money fiat because as you may know the money paper can make people affected the corona virus. In other hand I still doubt that signature campaign or bounty campaign which paid in token will help most people out there. They may need a more time to promote a project to gain money, also an account that they should have at least shoud be senior member or full member.

I'm curious to read some of the professional traders' thoughts about short term trading during these times. The markets are literally crazy. You just don't even know what to expect anymore. Most of my BTC trades were profitable - but right now I'm very afraid to make any move in the crypto markets so I'd rather just sit on the side and look at whatever is happening.

Isn't telling someone about how you can earn from the sig campaigns of this forum basically shaping up the idea of BitcoinTalk being a job in their mind?  I'm not accusing you, just trying to say that we must take maximum precaution when letting someone know about the forum so we don't create a false idea of it in their minds.

For sure you lose some $ value with it right since the price keep dropping when the virus spread around the world and it hit the economy so bad and all holders are suffering from a big loss happening these days.

And it doesn't helpful on my side since although the transaction is quite fast but the worry about the price dumps give me me worries and I can relax to see some bad shots on the market.

in the end they will still use paper money after cashing it out to local currency.

Its good if the money never hold by those affected but what if they do. Then there are also potential risk  that they will also chance that you will be affected using that paper money. We will only reducing the risk by using crypto to send money but if there are no store that will accept crypto  directly as payment you qill experience the same risk . I hope many department store accept crypto payment this time since it is more important and  we really need this time to stop the spread of virus.

The government has now made a decision to lockdown in many areas, many jobs have become dead because they cannot leave the house, this is causing pressure for everyone to survive in moderation. I think the government should make another policy for people who cannot afford rent because they cannot work. due to this lockdown.

Do you suggest joining the signature campaign are they ready with their own accounts? I think if a new person needs time to join the signature because the manager will not choose a new person as a member of his partition.

The trick is, I told the person about the pros and cons , at the same time if the person decides to do that maybe he is able to master the shot term trading.
If he is able to start earning through a campaign or provide his services online through this forum this way he is not using his money but at the same time he is earning something .

The thing is even in times of low you can actually earn , trading for short term gives you small small increment , you can even do that on hourly basis.

Signature Campaigns and the services section is always there if you are too scared to loose money .

Yes , I am encashing bitcoins and then sending my family presents to make sure they are not that sad about the Corona Virus being spreading , indeed not all stores accept the bitcoins and other cryptocurrencies as a means of payment but encashing them is always an option and if your wallet supports encashing then it is amazing how easily you can buy or sell bitcoins using that .

Cryptocurrencies are very important and very useful during these times.

1. I am reluctant of taking the currency notes because it is a possible medium of spread , Bitcoin helps me sending to whoever accepts

2. My brother isn't able to come personally to take money. I am using ETH and also digital payment to send money.

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?

Making someone invest in cryptocurrencies during these times is a possible game-over for them in my opinion. You don't want BTC to fall down once again and remind yourself about the family you tried saving by convincing them to invest in BTC - the family has much less money now thanks to your suggestion. And now if they want to get back their fiat, the process involves the possibility of getting scammed, the commissions and, if these weren't enough, they'll have less value than they started with in the end.

Advertising the forum, on the other hand, is a completely different thing. Let them know they can gather a lot of knowledge by spending their time on BitcoinTalk during the lockdown. After a while, maybe they'll be part of a signature campaign and will stack up their BTC. 2-in-1.

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.

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.