Safe with bitcoin? - page 3. | Bitcointalksearch.org

Asuspawer09

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Quote from: Peanutswar on March 24, 2020, 08:31:34 AM

Today we are experiencing a virus and that is the coronavirus or the NCov19 that is becoming pandemic immediately in just a single week and today there are a lot of people still going outside even there is a quarantine. The reason why? They need to go outside just to buy foods and things they need and also pay their bills they are prone to the virus also the virus can now be attached to the tangible things like money if they are already infected and touch the money with the virus it is rapidly spreading immediately. And today it is good to introduce the use of cryptocurrency or the bitcoin using online payment because it is more faster and secured they don't need to go outside too to pay other things they need and it is better if we are spreading those information so they can now made online payment and let's stop spreading of virus.

Cryptocurrency is more like an investment, not something that you could spend, I mean you can spend it actually if you want but if you buy cryptocurrency you want to earn a profit from it.

Online payment like virtual money is the best option to use when it comes to the pandemic to avoid the virus because it just virtual money meaning it doesn't have a volatile price, it just fiat money online.

Plus when it comes to using virtual money something like an application it is easy to have a lot of partnerships so you can expect that the merchants are gonna accept or accept this kind of payment option.

lalabotax

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It may be safe for those who really know about cryptocurrency.
But for newbies that are only coming into the crypto world only for money and profits, it is like only several few percentages. They are precisely trapped with some kinds of FOMO and also HYPE coins without any analysis. So, many people especially the newbies are also losing more during this pandemic. that is why we must be more and more careful, wise, and smart in investing or trading. Ensure that we only use the funds that we can afford to lose.

CoinFoxs

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Quote from: dhaldanga on April 16, 2021, 03:03:42 AM

Of course Bitcoin is safe for me, there must be good and bad in anything.
Bitcoin is no exception, but so far it is a 100% accurate cryptocurrency. Unique in terms of transactions. In my opinion, the demand for Bitcoin will continue to increase in the near future.
So we love crypto
We love bitcoin

Totally agree with your opinion when bitcoin was trading at 3k$ back in 2019 people used to make fun of bitcoin but when bitcoin start growing and reached its all time high price then they know the potential of bitcoin. So if you Want to become millionaire or billionaire the do bitcoin trading accept it’s importance and start making money from it and make yourself financially stable. For me bitcoin is safe as i am working in bitcoin since 2014.

kolbalish

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Obvious along with bitcoin all online platforms are safe for people during the pandemic. People can work from home and buy or sell their needs it is very special that one can continue his job in the home and it helps the economy vastly. We can't control the pandemic but we can try to reduce the effect of it so it is a big opportunity to stay at the home and continue existence.

Distinctin

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Quote from: Ausgewielt on May 01, 2021, 07:06:22 AM

It is important to make people more pay attention to cashless payment method include bitcoin so probably we can end this pandemic faster. In my country poor people still need to go to outside for work so they can continue their life. Government don't give us financial support enough. They just don't have any choice except keep working outside.

If we have a family to feed, we have no choice but to keep on working outside our home than leave them with empty stomach. Cashless transactions should be more encourage in this time of pandemic and bitcoin is definitely a good example. Yes, we're safe with bitcoin because aside from keeping us away from the virus, its probably the most convenient and useful digital currency in this era because aside from being used as a payment for our good and services, its also being considered a good store of value and maybe a good retirement outlet too for those who just want to earn profits while staying at home.

Nightz

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Quote from: Nightz on April 30, 2021, 01:51:43 PM

Quote from: Streets 2.0 on April 16, 2021, 02:44:54 PM

The global pandemic of the coronavirus COVID-19 and its mutations in Europe, Africa, Asia gave a great impetus to the spread of cryptocurrency in the world. Obviously, due to the blocking of the movement of people and quarantine, many businesses were destroyed, masses of people were left without work, and the owners of once successful businesses went bankrupt. All this gave an influx of investors to cryptocurrencies, increased the community and strengthened the fact of studying this topic in general. So, despite the dire consequences of the pandemic, this had only a positive impact on bitcoin and other cryptocurrencies.

It did not only spark interest in cryptocurrencies but also in digital money in general. Many more people pay with cards these days and central banks may see that as a perfect timing for the introduction of their centralized digital money.

The existence of the COVID-19 pandemic certainly has an impact on all businesses in any form, it is clear that many companies are bankrupt because all activities are very limited. To prevent the transmission of this virus, most governments implement digital transactions, it is not surprising that during this pandemic many digital wallets have sprung up for transactional purposes. without us realizing that the implementation of digital transactions by most governments is able to trigger the growth of cryptocurrency because it is likely that the general public will begin to understand how cryptocurrency works

Governments or the pandemic didn't really give cryptocurrencies a boost. Instead digital transactions with normal debit and credit cards increased. Cryptos increased because of quantitative easing and the threat of inflation.

Ausgewielt

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It is important to make people more pay attention to cashless payment method include bitcoin so probably we can end this pandemic faster. In my country poor people still need to go to outside for work so they can continue their life. Government don't give us financial support enough. They just don't have any choice except keep working outside.

helevela

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The security of online payments and its fast technology can play an important role in controlling the virus during the pandemic process. bitcoin plays a big role in this. Today, we want to take all our needs from home and these requests can be answered with online payment options such as bitcoin.

isaac_clarke22

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Quote from: bitzizzix on April 16, 2021, 01:18:49 PM

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Surely later or another day, there will be a centralized app that would allow you to pay for your merchandise through Bitcoin.
Though you might expect KYC requirements because you're gonna buy from centralized or regulated establishments.
Here in my country, I use an app to pay bills and buy stuff. Took quite since 2017 to be adopted.

Gamerholic

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The pandemic of the coronavirus COVID-19 and its mutations around the world has caused a wave of closures of many enterprises and public institutions. At the same time, a huge number of people are forced to stay at home and the usual methods of purchasing goods and services have become impossible. All of this has certainly spurred the growth of digital currencies and online trading. Even if humanity cope with the pandemic in the coming years, the consequences will still remain. The world will never be the same again - therefore, the future belongs to cryptocurrency and digital money.

Nightz

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Quote from: Streets 2.0 on April 16, 2021, 02:44:54 PM

The global pandemic of the coronavirus COVID-19 and its mutations in Europe, Africa, Asia gave a great impetus to the spread of cryptocurrency in the world. Obviously, due to the blocking of the movement of people and quarantine, many businesses were destroyed, masses of people were left without work, and the owners of once successful businesses went bankrupt. All this gave an influx of investors to cryptocurrencies, increased the community and strengthened the fact of studying this topic in general. So, despite the dire consequences of the pandemic, this had only a positive impact on bitcoin and other cryptocurrencies.

It did not only spark interest in cryptocurrencies but also in digital money in general. Many more people pay with cards these days and central banks may see that as a perfect timing for the introduction of their centralized digital money.

Streets 2.0

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The global pandemic of the coronavirus COVID-19 and its mutations in Europe, Africa, Asia gave a great impetus to the spread of cryptocurrency in the world. Obviously, due to the blocking of the movement of people and quarantine, many businesses were destroyed, masses of people were left without work, and the owners of once successful businesses went bankrupt. All this gave an influx of investors to cryptocurrencies, increased the community and strengthened the fact of studying this topic in general. So, despite the dire consequences of the pandemic, this had only a positive impact on bitcoin and other cryptocurrencies.

bitzizzix

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Although bitcoin or cryptocurrency can be an alternative to online or offline payments not to touch physical money to avoid viruses, this is not the case in my country.
because in the country where I live, bitcoin or cryptocurrency can only be used as an asset or investment and is not allowed for alternative payments and is not available in stores or anything, except in secret or in private.
and the most important thing for me is that I can still use it as an alternative income during the pandemic and it helps a lot even more than enough.
And if I need it, I have to convert it to Fiat for online or offline purchases.
and I really hope that bitcoin or other cryptocurrency can be used as an alternative to payment in the country where I live because it is safer and more convenient to use.

CryptocurencyKing

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Quote from: TheGreatPython on April 16, 2021, 11:54:47 AM

Quote from: Peanutswar on March 24, 2020, 08:31:34 AM

They need to go outside just to buy foods and things they need and also pay their bills they are prone to the virus also the virus can now be attached to the tangible things like money if they are already infected and touch the money with the virus it is rapidly spreading immediately.

Throughout the pandemic lockdown none of the online companies that we have here in my country added bitcoin as an option for making payment online on their website, and it would have been really good if they did that so that those of us likes and are making use of bitcoin can use it to make payments on their site.

Thats a point not considered. Virus or not, mo ey is meant to go from hand to hand and no matter how we try to maintain sanity and follow Covid-19 protocols, there is no way you can completely rule out money from being a pathway to infections. By exchanging money for commodities bought, one can definitely get infected. This is some of the reason why bitcoin would have been of preference but that's not likely to happen until bitcoin solves its problem of fees, thats where the debit card becomes of more advantageous and preferable. Immediate reflection is the problem else, the current ATH would be an under estimation to where price would have settled.

TheGreatPython

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Quote from: Peanutswar on March 24, 2020, 08:31:34 AM

Today we are experiencing a virus and that is the coronavirus or the NCov19 that is becoming pandemic immediately in just a single week and today there are a lot of people still going outside even there is a quarantine. The reason why? They need to go outside just to buy foods and things they need and also pay their bills they are prone to the virus also the virus can now be attached to the tangible things like money if they are already infected and touch the money with the virus it is rapidly spreading immediately.

Throughout the pandemic lockdown none of the online companies that we have here in my country added bitcoin as an option for making payment online on their website, and it would have been really good if they did that so that those of us likes and are making use of bitcoin can use it to make payments on their site.

The options we had on most of the sites were usually debit card options and USSD, and other options like that, and nothing about cryptocurrency. I wasn’t able to make payments using the coins I had in my wallet and the only thing I can do with it is just to be making peer to peer transactions and nothing much.

elisabetheva

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Quote from: Ewox on April 15, 2021, 10:04:58 PM

Yes it is very useful despite the pandemic because of it being convenient, people even have already practiced on paying their bills and doing groceries with using QR codes and hopefully will be accepting cryptocurrencies in the near future. People are slowly adapting the digital transactions but have not tried using cryptocurrencies although there are some who accepts Bitcoin, but it’s like 1% only accepts it for now.

You don't have to force to make payments with crypto because now it has developed in every country with existing digital money and it can be used as well as possible even though there are limitations compared to crypto because a wider market share can be done by crypto, while digital money is only can be used in the issuing country itself and cannot be used in other countries.

With the pandemic happening, people finally started to get used to using digital money instead of fiat, because transmission can still occur with fiat compared to digital money. but indeed the reach is still internal within the country itself and cannot go out and is very different from crypto because there are no restrictions whatsoever that can hinder and can be used at any time, it's just that there are still there are still many countries that have not recognized it as a valid means of payment. to be used as a legal and valid medium of exchange

dhaldanga

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Of course Bitcoin is safe for me, there must be good and bad in anything.
Bitcoin is no exception, but so far it is a 100% accurate cryptocurrency. Unique in terms of transactions. In my opinion, the demand for Bitcoin will continue to increase in the near future.
So we love crypto
We love bitcoin

xiboothrezi

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Quote from: Rengga Jati on April 15, 2021, 05:39:00 PM

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And probably this case is also happening in other countries.

cryptocurrency can be a great payment alternative to reduce the spread of viruses, there is no direct contact, there are no time and space restrictions. as you explained, not all countries allow the use of bitcoin as a means of payment, so its use really depends on the policies in each country.
After all, this is still an early stage, not many people are familiar with crypto, people might find it easier and understand about e-money. and so far it has been quite effective at reducing direct contact.

Ewox

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Yes it is very useful despite the pandemic because of it being convenient, people even have already practiced on paying their bills and doing groceries with using QR codes and hopefully will be accepting cryptocurrencies in the near future. People are slowly adapting the digital transactions but have not tried using cryptocurrencies although there are some who accepts Bitcoin, but it’s like 1% only accepts it for now.

Nightz

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Quote from: carlfebz2 on April 15, 2021, 05:49:27 PM

Quote from: Peanutswar on March 24, 2020, 08:31:34 AM

Today we are experiencing a virus and that is the coronavirus or the NCov19 that is becoming pandemic immediately in just a single week and today there are a lot of people still going outside even there is a quarantine. The reason why? They need to go outside just to buy foods and things they need and also pay their bills they are prone to the virus also the virus can now be attached to the tangible things like money if they are already infected and touch the money with the virus it is rapidly spreading immediately. And today it is good to introduce the use of cryptocurrency or the bitcoin using online payment because it is more faster and secured they don't need to go outside too to pay other things they need and it is better if we are spreading those information so they can now made online payment and let's stop spreading of virus.

Crypto might able to fit into that criteria but how you do consider into those e-fiat or digital transactions that we've been using for a while now? This had been a typical thing and would be mainly

be used by those people who had been using digital transactions even the pandemic didnt happen and now people will forcefully switch up if transactions would become digital and been required by those
merchants or service.

Crypto could give out that benefits but fiat had already been doing this for a while now but im aint saying that crypto cant be considered.

Right, it is not particularly a time for cryptocurrencies, but just for digital transactions. Why use volatile Bitcoin if there also was a central bank digital currency (CBDC)? The reasons for cryptocurrencies to thrive go way beyond digital transactions.

In how far Bitcoin may play a role during this pandemic, I don't know. If you look at developing countries, Bitcoin sucks right now because there are also these tremendous fees. It will take some time until Bitcoin finds its right use case and its right place.

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