Safe with bitcoin? - page 4. | Bitcointalksearch.org

carlfebz2

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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.

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.

Rengga Jati

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

The reason why? ..

In my area (environment), we are already likely being outside for food works, and also other activities because we are likely feeling so hard for only staying at home. Many people need to work to get money and food and also their daily needs. If they don't do that, they will probably die because of feeling hungry.
But for the notes, most of us and them here also follow the health protocol to avoid being infected. Btw, some vaccination is ongoing right nowhere.

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

...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.

It is a good idea, but not every country can do this. As one of the examples is in my country. Cryptocurrency is legal as a commodity for digital assets. But it is forbidden to be used as a currency because there is fiat regulated by the government here. So we cannot use crypto for any payment.
And there are also no merchants that accept crypto as payment, additionally, we are here living traditionally.
However, right now, there is a development in the digital payment method using eWallet.

And probably this case is also happening in other countries.

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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.

What a coincidence to happen but I love how it going. Might say we are so thankful for the virus and this it helps the adoption move fast and can't deny that we are enjoying this as well.

We even know that digital payment system has already started but crypto seems not so know for everyone until such time that Covid-19 hits us and creates just a tragic story globally. And for now, we can see that we are somewhat transforming to digitalization world, we leave not to fiat but we usually saw not that more people are already using this system and that includes the use of Bitcoin.

online73

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Hello everybody. If we consider from the side of today's global problem - the coronavirus pandemic, then, of course, payments in cryptocurrency solve the problem of cash as possible carriers of the disease, but I am afraid that pro-government structures will not use a system that they cannot conquer. Here you can argue for a long time and talk about the disadvantages and advantages, but when it comes to security against fraudsters - if you clearly apply elementary security rules, then with bitcoins it is no more dangerous than keeping money on a debit card - fraudsters can steal from everywhere. There are certain rules in any area of life, my personal answer is yes, with bitcoins it is safer.

Imran232

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Well we already known about that but we think government should think like you. Because without government permission none a single business man or a shop can accept bitcoin as a payment. If they start doing this they will be in jail under an hour. So if government think like you and gives permission then they will definitely accept bitcoin. But government already has a alternative option which is mobile payment option like paypal. That's why government didn't think about physical cash alternative. I think this is it. What do you think?

BITCOIN4X

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So far, strict rule still apply in my country regarding the prohibition of using cryptocurrency as a mean of payment. There are no shopping center in my country that are allowed to accept bitcoin as a means of payment because it would violate existing regulation. Without cryptocurrency, we still have other online payment alternatives that are allowed if we are too afraid to use paper money because of viruses.

Although my country prohibit the use of crypto as a mean of payment, we are not prohibited from trading it. We all have to convert crypto to fiat if we want to spend it without restriction and maybe that is the solution at hand. For me, there is no need to force myself to use crypto as a mean of payment if it is prohibited by law. To prevent transmission of the virus, currently most state apparatus, government officials and the public have received vaccine. Although we can't prevent it 100%, vaccine have helped a lot in reducing the incidence of infection.

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in fact if we look in a slightly different direction of course this can be the solution but go for the best solution. because there are some countries that already use this system with their wallets (not crypto wallets)
developed countries even from a few years back have done this with one card can pay for several facilities and for the crypto wallet itself I feel too excessive to do the same thing like this because for me personally the crypto wallet itself is such a treasure worthy to I defend.

ropyu1978

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although bitcoin currently cannot buy food in large stores such as glosirs or supermarkets, but at least bitcoin has made the economy better, we don't need to worry about the risk, which is a common assumption that bitcoin is a money laundering place, because currently there are 13 traders crypto that is legal, and Spain has already given the bitcoin logo to their country ... we hope that bitcoin will continue to grow throughout the country ..

Alucard1

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I see the worth of bitcoin as of this days especially when the virus has started in our country, bitcoin becomes so useful because my father lost his job so I am thankful because I can still make money with the use of bitcoin which I used to sustain the needs of my family and myself also. Even the virus has not yet started bitcoin is already useful in terms of online payment just like paying bills because it is one of the purposes of cryptocurrency.

Amon1231

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We are safe with Bitcoin because in this pandemic we need to be safe we need to stay indoors to prevent the spread of the virus, Bitcoin can be used virtually so it is very useful. it also secures us in every transaction because it is decentralized.

militiariko

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Life is beautiful !

We are always safe with bitcoin especially when we are holding bitcoin for the long term, long future. One thing is that bitcoin is bullish on the long term; so irrespective of the down trends in price and stability today, you are always certain that the bull trend will come up. On the other hand, if your focus is day trading or trading bitcoin to achieve certain targets in % profits weekly; then you have to set up a strategy to help you pick up more wins than losses

dersu1995

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Yes it is, and in many countries it is already legal

shoreno

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Quote from: hahay on June 23, 2020, 01:37:49 PM

Quote from: Golftech on June 23, 2020, 01:27:59 PM

Quote from: gamer4156 on June 22, 2020, 08:58:41 PM

The world is currently plagued by a deadly infectious disease. All countries are terrified that no cure has been found. The only way to prevent the spread of the disease is to move as far as possible to social distance. The more you get out of the house, the more risky you will be. So shopping online is definitely the best way to go. But sadly, many countries around the world have declared Bitcoin illegal. I think all countries should look at the legitimacy of Bitcoin.

That's right there are still countries who treats bitcoin as illegal thinking that transaction was made illegally and can harmed the economy of the country.
In time of this pandemic issue bitcoin can help by using it to buy goods online or to transfer money between places to another.

Innovative form of currency, this should how bitcoin be understood if only those countries will open their minds and see the benefits they will surely acquire and support this crypto asset.

This transition should have happened because even after easing lockdown and quarantine, the fact is that some places are actually getting an increased spread of the virus and that should be more attention, only by utilizing digital technology can at least slightly prevent the spread of the virus before the vaccine is really found, bitcoin has been very popular in the world and this is not just a matter of legal or not because on the other hand people still maintain the fiat to transact.

this is a big thing to us but not to those people that are not involved on here . aside btc , other digital payments are growing . if btc is illegal , those other digital payment are legal . those can help people to transact online . not only buying , sending money but donations are now also being asked online . digital payments are way too helpful . there are things that people want to keep private too like when donating , what if you only want to donate small amount . this is why we still need cryptos

tbterryboy

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In some cases I think people are going out because they can’t afford to stay home and face hunger, since they are not getting the support they need from the government they have got to go out and look for a way to support themselves.

Although I don’t really think we should blame the government in cases like this, because I don’t have any idea if they can take care of everyone. And apart from that the government still have to stop some of the restrictions to be able to save the economy. Even in my country there is no enough possibilities for spending bitcoins, I somehow manage by making use of few online services to get my life's need for bitcoin payments and this way that I must admit like I am safe with bitcoins for time being.

hahay

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Quote from: Golftech on June 23, 2020, 01:27:59 PM

Quote from: gamer4156 on June 22, 2020, 08:58:41 PM

The world is currently plagued by a deadly infectious disease. All countries are terrified that no cure has been found. The only way to prevent the spread of the disease is to move as far as possible to social distance. The more you get out of the house, the more risky you will be. So shopping online is definitely the best way to go. But sadly, many countries around the world have declared Bitcoin illegal. I think all countries should look at the legitimacy of Bitcoin.

That's right there are still countries who treats bitcoin as illegal thinking that transaction was made illegally and can harmed the economy of the country.
In time of this pandemic issue bitcoin can help by using it to buy goods online or to transfer money between places to another.

Innovative form of currency, this should how bitcoin be understood if only those countries will open their minds and see the benefits they will surely acquire and support this crypto asset.

This transition should have happened because even after easing lockdown and quarantine, the fact is that some places are actually getting an increased spread of the virus and that should be more attention, only by utilizing digital technology can at least slightly prevent the spread of the virus before the vaccine is really found, bitcoin has been very popular in the world and this is not just a matter of legal or not because on the other hand people still maintain the fiat to transact.

Golftech

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Quote from: gamer4156 on June 22, 2020, 08:58:41 PM

The world is currently plagued by a deadly infectious disease. All countries are terrified that no cure has been found. The only way to prevent the spread of the disease is to move as far as possible to social distance. The more you get out of the house, the more risky you will be. So shopping online is definitely the best way to go. But sadly, many countries around the world have declared Bitcoin illegal. I think all countries should look at the legitimacy of Bitcoin.

That's right there are still countries who treats bitcoin as illegal thinking that transaction was made illegally and can harmed the economy of the country.
In time of this pandemic issue bitcoin can help by using it to buy goods online or to transfer money between places to another.

Innovative form of currency, this should how bitcoin be understood if only those countries will open their minds and see the benefits they will surely acquire and support this crypto asset.

Anish02

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I do not think that covid and its anti paper money measures will increase the usage of bitcoin by that much, it will rather increase the usage of credit and debit cards among the people.

Absolutely true, because in my country crypto had recently lifted the ban and has given permission for trading. But there are not any shops which can accept crypto as a mode of payment. That's why we would make the use of online payment or credit as well as a debit card.

gamer4156

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The world is currently plagued by a deadly infectious disease. All countries are terrified that no cure has been found. The only way to prevent the spread of the disease is to move as far as possible to social distance. The more you get out of the house, the more risky you will be. So shopping online is definitely the best way to go. But sadly, many countries around the world have declared Bitcoin illegal. I think all countries should look at the legitimacy of Bitcoin.

Excell110

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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.

This might be difficult in most countries, as the outlets and shopping malls do not accept cryptocurrency payment.
So, even if their are people who have and are willing to make cryptocurrency payments, there is no where in their country where it is accepted.

Instead, we should try to help bring about the global adoption of cryptocurrencies, which will in turn lead to its acceptance in different outlets.

Swordsoffreedom

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Quote from: Nhor1011 on June 22, 2020, 10:01:21 AM

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.

Still a large part of population doesn't know about cryptocurrency or even using it due to lack of digital equipment,internet connection and knowledge about it. It's not easy to encourage people to use bitcoin because some of them are afraid of scam or don't want to learn it. I have a friend I taught about bitcoin but he doesn't like it because for her it was difficult to understand. Much better for her to sing rather than to learn about cryptocurrency.. What i mean is not all people is interested in crypto although the truth is ,bitcoin could be an alternative payments and income on this current situation of pandemic.

Cryptocurrency in not that much harder. If you have no interest on it, then you do not understand about it easily. During this pandemic, I think cryptocurrency would be way to earn for those people who lost their job, because it is risky to go outside for work. jobless people may learn basic materials about trading and can invest on cryptocurrency at home, and if you have a good knowledge about this, you can be benefitted easily. So many people are losing their jobs due to coronavirus, so for those people this is the right time to invest on cryptocurrency.

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