Isn't this the best time for Bitcoin? - page 7.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: cabron on April 18, 2020, 01:49:16 AM

There is no other time but to buy than now. Don't wait for BTC time to dominate because by that time BTC price will also go up and you may not be able to afford it. Its got its time maybe tomorrow, maybe next week or next year but don't wait for its moment. Just look at how those people who regret because they had not bought earlier before 2017.

I agree with this because we have seen so far that even though the price of Bitcoin went down this year, it recovered just before the Bitcoin halving comes. this is one of the reasons why bitcoin is unique than the other cryptocurrencies because of its historical recoveries. now we need to think about it if we want to invest the time right now is just right.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: Gafman on April 18, 2020, 12:24:24 AM

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Bitcoin could be awesome and its potential might get more apparent nowadays, but I don't think it'll help us this time. People are advised to go out only when they need to see a doctor, to buy food or to go to the pharmacy. I would buy this stuff with Bitcoin if I could, but I can't. And the same is the case for pretty much everyone, right? And thus while Bitcoin could be the safe kind of money, it's not, not for now. Thus it's also time when Bitcoin rivals get more adopters since people who might be used to cash are trying to use alternatives for safety reasons.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

No.

We know what are the benefits of a cashless society and right now that cash can be a spreader of virus, cash isn't used right now in some of the countries. Now is it enough for Bitcoin to shine? I don't think so. People and some of the investors right now are opting to have cash right now or in some people, their own currency than using Bitcoin. Bitcoin isn't accepted in some markets and establishments so they choose to use their own currency right now to pay it using digital applications. As they said, there is always time for everything but it is not the time for Bitcoin yet. More adoption is need and we don't need this pandemic for the Bitcoin to be used.

mongkie

full member

Activity: 630

Merit: 102

Quote from: mk4 on April 18, 2020, 01:19:41 AM

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

yes it is true that those platforms are in existence to deliver cashless transactions better than volatile and slower bitcoin but i think it is the best timing to buy bitcoin now by the way, those platform will not kill cryptocurrencies.

royalfestus

hero member

Activity: 2464

Merit: 519

What anyone should consider is if any purchase of the asset will be profitable? ultimate yes, it will be profitable, something in x10 more but the huddle like every business is when, how long it will take to take this profit from the parabolic boom? It wont be wise to predict to anyone that the price may never dump from where it is at the moment into the bull-run. The volatility has the advantage and disadvantage and every investors should learn to be long-term.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Cashless transactions don't necessarily mean the use of cryptocurrency/Bitcoin. Just like what others have said, there's the existence of paypal and the like. Let's not even mention how BTC transactions often have fees. Besides, disregarding those transactions that you pay for in bills, shopping for groceries require most of the time hard fiat cash/currency. This makes it harder for people with money on their banks/cryptos since most groceries don't have any type of digital payment system. That requires more improvement with regards to the companies that hold those groceries in the end, hence the inefficiency of digital payment at times. Still, I'm not saying it's bad, just that it hasn't developed fully yet.

KrisAlex18

full member

Activity: 742

Merit: 160

Quote from: Gafman on April 18, 2020, 12:24:24 AM

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Well said mate, because of the virus bitcoin is now mostly used because of being afraid of going outside. There are so things bitcoin can do, it can be used as way of payment in our every transaction in our life.

As what we are now facing, cryptocurrency becomes more useful compared to fiat currency, so I think this is the best time for the bitcoin even though it goes down so low because of virus but now I think it is bouncing back again. There are already so many people who use bitcoin and other cryptcurrency because of what is happening now.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Though it is very convenient if we can just use bitcoin in this challenging time but not many merchants are accepting bitcoin especially local merchants or shops. Also, up until now, not many crypto users want to use their bitcoin for everyday expenses because as much as possible they want to save it for the idea that one day, it will increase many times.

Quote from: ancafe on April 18, 2020, 04:16:09 AM

the reality is education about the function of bitcoin is still not widely known by people, especially for those who are not so concerned with the development of this technology. if bitcoin becomes a solution, I think, the government should provide education about this. it's just that, thinking that the government needs to think about education while they are still pros and cons regarding cryptocurrency, it doesn't seem like it will be easy.

And yes, not many individuals are familiar with the use of bitcoin or crypto. Even if they will start learning now, still it will take time for them to grasp how they will transact using bitcoin. But since using fiat money will pose risk for the transfer of this virus, many are looking for alternative options and one of them is bitcoin or via crypto.

Gafman

jr. member

Activity: 131

Merit: 4

Quote from: mk4 on April 18, 2020, 01:19:41 AM

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

Great point

ancafe

hero member

Activity: 1778

Merit: 746

the reality is education about the function of bitcoin is still not widely known by people, especially for those who are not so concerned with the development of this technology. if bitcoin becomes a solution, I think, the government should provide education about this. it's just that, thinking that the government needs to think about education while they are still pros and cons regarding cryptocurrency, it doesn't seem like it will be easy.

noorman0

hero member

Activity: 1778

Merit: 709

[Nope]No hype delivers more than hope

Quote from: Gafman on April 18, 2020, 12:24:24 AM

It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

If you buy physical goods, you must interact directly with the seller to receive the goods.

The point is not as good as you think and I think it has nothing to do with a pandemic solution. Bitcoin is not one of the best tools to avoid or minimize the spread of viruses. It is no different from other online payment systems.

Nadziratel

sr. member

Activity: 1568

Merit: 321

★777Coin.com★ Fun BTC Casino!

Quote from: Gafman on April 18, 2020, 12:24:24 AM

Sadly, the world is in a state of islolation, probably the first time ever?

Definitely, first time ever for globally with this measure. Almost all northern countries staying at home right now.

Quote from: Gafman on April 18, 2020, 12:24:24 AM

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

I'm sorry but I partially agree with you on this. I agree it would be nice to be able to pay with Bitcoin now and it would be a healthier form of payment. But Bitcoin is not yet able to handle the burden that will occur when the whole world wants to implement it. So if the whole world started to pay with BTC at the same time, how long would it take to confirm the transactions?
I'm not sure even Ethereum, which has a relatively better approval period, can handle this load. Even if other cryptocurrencies can do it in speed, I do not include it in the subject as its competencies can be questioned.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: Gafman on April 18, 2020, 12:24:24 AM

Sadly, the world is in a state of islolation, probably the first time ever?

In our lifetime? our probably say yes, I'm sure no one was born yet when the Spanish Flu pandemic.

Quote from: Gafman on April 18, 2020, 12:24:24 AM

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

We still have the credit/debit card out there. So that will be the first option for bank people. And remember that bitcoin is not yet universally accepted, so it might take some time. However, if you are into investing on bitcoin, of course, there's no wrong or right time, as long as you are willing to take the risk, then go.

kayvie

sr. member

Activity: 1022

Merit: 257

It would be good but the time for bitcoin to become one of the payment option will probably come but not for today. There is already an existing process or options that people is using to do transactions online, I don't think that they will just suddenly start using bitcoin because of the said reason.

sunsilk

hero member

Activity: 3038

Merit: 634

I think this is the 2nd thread that deals about how bitcoin is reliable in these times of pandemic. Yes, it's best to buy bitcoin and use it for payments because there's no need for hand to hand interaction.

No virus will be transferred just like what the experts are saying about touching physical things because it can be another place for the virus to stay and pass onto another. But, everyone is in problematic days that we have to use cash to spend for our needs and people can't think of this.

fiulpro

hero member

Activity: 1890

Merit: 831

Even if you stay away from Cash and ATM's you can still swipe the card , it is Preety much the same thing and you won't have to pay any excess fee , therefore I do think your point is a little off the mark .
It is undoubtedly the best time for Bitcoins since Bitcoins is able to provide something that the government can't , security , job opportunities , a coin free from the individual country's inflation rate.
This time has provided an amazing insight so as why we need a decentralized exchange . It has supported people in a lot more ways they one can think .
I do think after today government will be more grateful towards the Bitcoins and other cryptocurrencies as they have provided people with a secure outlet where they can trade And even send overseas money which costs much less.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

There is no other time but to buy than now. Don't wait for BTC time to dominate because by that time BTC price will also go up and you may not be able to afford it. Its got its time maybe tomorrow, maybe next week or next year but don't wait for its moment. Just look at how those people who regret because they had not bought earlier before 2017.

SeaBits

member

Activity: 66

Merit: 27

Quote from: mk4 on April 18, 2020, 01:19:41 AM

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

To add to this, bitcoin will definitely have it's moment. Events like this put it in the news more often because the media might use it in examples showing how it's an actual investment and not just magic internet money. Also during this time the halving is happening in 24 days, this has caused a lot of traders, investors and new comers to come out of the wood work.

Stay tuned, these are exciting times.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

Gafman

jr. member

Activity: 131

Merit: 4

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Topic: Isn't this the best time for Bitcoin? - page 7. (Read 1357 times)