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Topic: Is Covid-19 carrying the growth in digital currencies? - page 2. (Read 675 times)

legendary
Activity: 2142
Merit: 1012
when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again
One thing does not automatically follow from the other, and a high rise in the price of course attracts the interest of more people, but this does not mean that all of them will start to study cryptocurrencies en masse, because the information occasion comes to naught, just as the mass interest comes to naught. The worst thing about the arrival of neophytes during a surge in price growth is that they come and buy at the maximum, then lose when the price is corrected. Therefore, among such people, there may be a lot of people who are disappointed in cryptocurrencies, who will make anti-advertising to cryptocurrencies among their friends and acquaintances.
sr. member
Activity: 2030
Merit: 402
Play Bitcoin PVP Prediction Game
Covid-19 has been the best thing ever happened to the cryptocurrency market. Thanks to this period, more people started growing interest in this market. And many big companies have done the same also. This will be very helpful for this market in the future also.
sr. member
Activity: 1344
Merit: 253

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.

Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again
member
Activity: 1358
Merit: 81
Honestly, I think that payments in crypto will be an additional payment method and that it is not an imposition because people are not yet familiar with bitcoin and cryptocurrencies. So there is no need to force them, if they start to see other citizens using them, they will also try to include them in the payment systems.

For example, how it happened for the first time when local banks offered you their ATMs in your city, like when you paid for your products for the first time with debit and credit cards, as well as when you paid from your phone with online banking. With bitcoin and cryptocurrencies it will also happen the same.
copper member
Activity: 2954
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.
Why would someone who think bitcoin was a scam and a trap, start to invest all of a sudden? Is it really because of the better understanding of the market? Is it because they have seen the charts and saw how good the returns are? Or is it because they have actually learned about the technology behind it and how it works? If it is the latter, then that's a good sign. If it's the former, not good for the community.
Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
People that are joining after seeing the price rise, are the ones that cry when the market crashes and they sell their coins at a loss.
legendary
Activity: 3150
Merit: 1197
Undeads.com - P2E Runner Game

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.

Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
sr. member
Activity: 2324
Merit: 454

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
sr. member
Activity: 1890
Merit: 252
The OGz Club
During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.
Since Covid 19, many workers have worked from home and this has certainly made everyone turn to technology.
on the other hand Cryptocurrency has also increased drastically,
but despite all that I hope this pandemic can end and economic conditions can recover and normalize soon
sr. member
Activity: 784
Merit: 250
During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.
hero member
Activity: 2814
Merit: 576

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
As we experience this never ending pandemic, we've seen how much crypto has grown for the price. During the beginning of Covid, just after a few month bitcoin made a bull run that exceeded everyone's expectation. Although we cannot fully credit it all to the current pandemic, it still made a huge impact on making crypto more well-known all over the world as payments using physical money became unideal since we are trying to avoid the passing of the virus. There has been a lot of investment and payment made with the use of digital currency even up until now which makes it look like we are on the transition of having crypto over fiat already.
Things have gone worst when covid-19 pandemic has just started but it turned out differently for crypto. There was a good motivation for crypto and people have developed interest in which they can still make transactions online while they are enjoying the comfort at home. But what has gained more advantage is that crypto being used as an investment. Most companies have been closed due to bankcruptcy and employees got jobless. These people have made good entry in crypto more particularly bitcoin and right now, they are on their way of making profits while staying at home.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
How will be easy the day today life after adopting for digital currencies?

You tell me. What will change for average BOB? He has paypal, he has visa, he has instant payments like Stripe, apple pay, google pay... what will change for him if he is not a crypto gambler that stores all his wealth in crypto? Even if ... we have binance card that instantly swap your crypto into fiats. We dont need Starbucks or Walmart to accept bitcoin.

Average BOB dont care about anonymity (share all his sensitive data with facebook/google every day), don't care about currency he is using (the promise of possession has replaced possession for the sake of convenience - gold has been replaced by banknotes), does not know what inflation is. He wants cheap and fast payment methods. thats all. thats what he gets from fiats. Big companies knows that less than 1% would be interested in crypto payments - otherwise they would start to accept BTC in 2014.
In a way I agree to this because if it is about payment option that you are asking then crypto would really be ignored and the pandemic didn't help at all.
But if it's about growth of crypto I think yes the pandemic help it grow by having people who also wants to earn from it due to pandemic,
People who lost their job and people who wants to earn extra from it.
hero member
Activity: 1302
Merit: 503
Covid really brings changes and influences on digital currency in the world. we can feel now, the world is undergoing a transformation accelerated by technological assistance to enter the era of financial 4.0 or open banking. The COVID-19 pandemic has accelerated digital adoption, such as the use of digital banking. The adoption of online and mobile banking has experienced very high growth in recent months. Meanwhile, the presence at bank branches and the use of ATMs are decreasing. and crypto? The altseason has occurred as a form that public awareness of crypto is high.
- Limiting face-to-face contact and working from home are topics that we often see when Covid becomes stronger in the community and out of control, this boom is also an opportunity for digital currency to step a few steps into people's lives, many people have invested here in the hope of making a little extra money during covid. People are already quite aware of the existence of digital currency but this may only be their temporary direction, sometimes the development here is not so potential, that could take this development back a few steps
sr. member
Activity: 1316
Merit: 254
United Crowd
Covid really brings changes and influences on digital currency in the world. we can feel now, the world is undergoing a transformation accelerated by technological assistance to enter the era of financial 4.0 or open banking. The COVID-19 pandemic has accelerated digital adoption, such as the use of digital banking. The adoption of online and mobile banking has experienced very high growth in recent months. Meanwhile, the presence at bank branches and the use of ATMs are decreasing. and crypto? The altseason has occurred as a form that public awareness of crypto is high.
sr. member
Activity: 1036
Merit: 286

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
As we experience this never ending pandemic, we've seen how much crypto has grown for the price. During the beginning of Covid, just after a few month bitcoin made a bull run that exceeded everyone's expectation. Although we cannot fully credit it all to the current pandemic, it still made a huge impact on making crypto more well-known all over the world as payments using physical money became unideal since we are trying to avoid the passing of the virus. There has been a lot of investment and payment made with the use of digital currency even up until now which makes it look like we are on the transition of having crypto over fiat already.
hero member
Activity: 2604
Merit: 816
Play Bitcoin PVP Prediction Game
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.

Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home
If bitcoin can get a bull run, it can get more attention from people and see that bitcoin can be their new investment besides gold. It can attract them to start investing in bitcoin so they can take benefits from bitcoin. What happens to bitcoin in the last ATH makes many people open their eyes that bitcoin can reach that high price. But bitcoin is not yet become a new payment system because that will be related to government approval. But in the future, bitcoin and the other coin can be the next digital payment system.
Even if you see until now it seems that more and more people are investing in cryptocurrencies, especially bitcoin,
especially seeing the price of bitcoin from year to year is increasing, of course this makes many people interested in investing,
I really hope bitcoin can soon become a legal payment system even though it's not easy
People should wait for a while as the bitcoin price now is down. If they can buy bitcoin at a low price, that will be good for them as they only need to hold it until the price increase again. We hope that someday, the government can allow bitcoin to be used as a legal payment instead of using fiat, credit card, or debit card to have more options to pay. But if that really needs a long time before the government accepts bitcoin, people can still use bitcoin for the investment, which can be profitable for them in making money.
legendary
Activity: 2380
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
The current pandemic we are experiencing have brought us from traditional getting into digital and modernized way of living for the reason that people are finding alternative ways possible on continuing their lives without getting in contact with one another. Since many are getting paranoid and taking tight protection to avoid or get rid of the virus, many have switched or adapted into using digital/cashless payments to still be able to purchase goods and services nowadays. With such reason, we can say that this pandemic have carry out using cashless payments options which can include usage of Bitcoin if available to be used on merchant stores. But the adaption of people into it are mostly not to use it for payment but as for investment due to rising value even at the age of pandemic that crashes the stock market.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
The adoption of cashless payments is becoming a hot topic during the pandemic. The use of cashless happened in China 5 years ago when people in big cities used Alipay, QQ to pay via QR code.
The use of cashless payments helps the economy save a lot of time and transaction costs. Asian countries such as Korea, Japan, Singapore, Vietnam, Malaysia... are also gradually popularizing non-cash payments.
I think the cashless trend will be the future of the economy. The pandemic is a stepping stone to faster cashless payments.
copper member
Activity: 226
Merit: 1
RangersProtocol.com
Bitcoin's boom thanks to the Covid 19 pandemic is also part, because of the epidemic, people rarely go out and most of the services are paid online, so it can be seen that there are more and more companies today. A service company that provides online blockchain solutions for remote delivery to customers.
hero member
Activity: 1694
Merit: 541
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home
The pandemic and the lock downs are a reason why there are more eyes in the cryptocurrency market space. Usually people are busy with their work schedule and they do not get the time to look into the market nor do they have the time to learn more about it. But the pandemic has given everyone a lot of time to work and study as there are no other activities that can be done and hence there are many who entered the market in the last one year.
hero member
Activity: 2772
Merit: 603

As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
It's not just a belief but a fact that covid-19 has increased the adoption of digital payments which include crypto, online shopping, and all such transactions. It is unfortunate that we were forced to change the traditional ways of payments but it was the need of the hour and now that everyone has got the knack of online transactions, there is no looking backward from here.

There are some advantages and problems that will arise but with time we can eliminate problems and the benefits will shine. I heard that online fraud has increased in some countries because there are shopping sites that will ask for your card details and sell them to carders who will then exploit your card and clean it.
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