Topic: Safe with bitcoin? - page 7. (Read 1963 times)
If btc was to be generally accepted in many countries, then yes we can say people are safe with btc but in this scenario that is not the case, for now fiat is heavily use in most part of the world, unfortunately using btc or any digital currency is not something that can be achieve over night, it needs more time for adoption and the pandemic came when it was not yet that time.
Yes, transacting using Bitcoin is safe. But then it would take years before it is fully implemented in a certain country. Businesses have to adjust to this kind of mode of payment. But yeah, there are some businesses that could implement it to reduce the use of paper bills transactions which place the people into risks of acquiring a virus.
Yes it is safe with bitcoin, but can bitcoin payments be accepted by a variety of different markets? With the lack of adoption like that of course it will still be difficult and instead of using bitcoin as a means of payment, in fact they prefer bitcoin as an investment asset and as such, other digital money or digital transactions that certainly come from banks will be more demanded by most people.
true, there will definitely be obstacles if bitcoin is used as payment, because not all countries can accept and recognize it as a legitimate tool for conducting transactions. the best are actually still exchanging for local currencies and buying digital money which is now widely available in almost all countries. because digital money is no longer strange to make transactions online and is available because it is a necessity that results in digital money from online services.
in a pandemic like this there are indeed many worries that occur in many ways. keep a distance, do not hold your face, clean your hands regularly after holding something. especially clear is in the form of banknotes transactions that are clearly vulnerable to transmission. It is a good thing to use online payments, but it is possible that using bitcoin there are still many countries that have not been able to apply because there are many rules that have not been regulated. still bitcoin is exchanged for fiat and stored in a bank. because now almost all banks are able to do transactions online through internet banking, and can even buy digital money that can be used as a transaction.
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.
While this is a miner reason why the use of bitcoin is better than regular fiat money, the truth is physical fiat money is quite filthy. There's some large percentage which I'm forgetting exactly what it is that United States notes have tracings of both cocaine and boogers. That's right cocaine and boogers. Nasty!
This is a great option to make my money kept safe
Crypto payments in my country is not a viable option for most people, though there are a lot of people who use cash-less transaction apps, some of them support crypto but most people never bat an eye when it comes to that. In my opinion, information dissemination about the advantages of cryptocurrency transaction still needs to go a long run. We also should consider that cryptocurrency community is very small. This time of crisis is an oppurtunity to make face for bitcoin as a revolutionary technolgy when it comes to finance but there are hurdles that bitcoin as a whole must surpass. The biggest is the established financial institutions and the government, they must overcome these overlords to make that it will run a smooth progress. 
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.
Although cryptocurrency or bitcoin can be a solution to pay something that we want, people still prefer to use the other payment method. They still use credit or debit card while they can also use the e-money that is available in their country. As we know that right now, many countries have their own apps that will allow people to deposit their money to those apps so people can shop from their mobile phone and pay using that app. For them, this solution still the best solution while they stay at homes but soon, they will know about bitcoin, and I am sure that they will try to use bitcoin too as what we expected.
There are different alternatives aside from BTC in our nation yet at an equivalent time it offers online exchange like paypal yet quicker. this is often aside of Bitcoin which a customary client who isn't yet educated about cryptographic money will make some hard memories seeing even exactly the way to utilize the wallet. Bitcoin is extremely difficult to know customary individuals yet the appliance designers on googleplay had been doing it for a substantial length of your time I surmise individuals simply got to help learn BTC and crypto for people .
I agree that Bitcoin and online transactions can help minimize the need to go outside. Wireless transactions are really helpful. Though i don’t think those who have to go outside have Bitcoin plus most countries haven’t accepted it as a legal tender lol. But, anyhow it’s nice to think that Bitcoin price and cryptos wouldn’t be too affected by this pandemic.
thats the only problem because most of us living in countries that has limited uses of Bitcoin so the Only option is to convert to Fiat.so still we will be having physical contact as we have Fiat instead of bitcoin.
lucky those who lives in places where Cryptocurrency like Bitcoin has being accepted in all transactions from services and even purchasing .
how i wish my country will become one sooner because this is very important specially in times like this.
This isn't crypto wallets but a centralized system that's being loved by the people and enjoys using it. The government should look into this solution for those countries that are not open about bitcoin's usefulness.
The fact that government are having some trouble from financial terms revision because of crypto might be the reason why they can't have it for now as an alternative.The aide of each local government is expected to come up for any help if they can still can't come up for a solution on this matter. They have an option at least but it's all going to be tough because they have a lot of things to settle in this crisis.
Indeed this is a great opportunity for Bitcoin to show it's usefulness compared to Cash. Boomers will never know the difference because they dont even know how to use PC.
Cash becoming a threat to health is one of the reason Bitcoin is superior in terms of speed, convenience and secured. And you dont need physical interaction that might get you infected. Unlike fiat payments that takes days to confirm and requires all your personal data in order to send payment that can be used for "identity theft". Bitcoin only needs the address to send money fast regardless the amount.
Cash becoming a threat to health is one of the reason Bitcoin is superior in terms of speed, convenience and secured. And you dont need physical interaction that might get you infected. Unlike fiat payments that takes days to confirm and requires all your personal data in order to send payment that can be used for "identity theft". Bitcoin only needs the address to send money fast regardless the amount.
It is true that bitcoin is the best solution for the world's problems with the spread of the corona virus, because by using bitcoin transactions
there is no need for physical contact. And that can prevent us from being affected by the corona virus, and therefore we begin to educate
other people to reduce transactions with fiat currency. And try to buy all our needs online, now it's a lot merchants that accept payments with
bitcoin.
People can use their cards instead. It's the same logic.there is no need for physical contact. And that can prevent us from being affected by the corona virus, and therefore we begin to educate
other people to reduce transactions with fiat currency. And try to buy all our needs online, now it's a lot merchants that accept payments with
bitcoin.
The great lesson from the actual corona crisis is that people can deep understand that fiat money is like any other goods that may loose value upon to globalmarket condition.
I also don't think that more merchants/buyers started accepting bitcoin as a mode of paiement. Old players are still there, while more new users are expected to enter the crypto world, just after we overpass the crisis.
It is true that bitcoin is the best solution for the world's problems with the spread of the corona virus, because by using bitcoin transactions
there is no need for physical contact. And that can prevent us from being affected by the corona virus, and therefore we begin to educate
other people to reduce transactions with fiat currency. And try to buy all our needs online, now it's a lot merchants that accept payments with
bitcoin.
there is no need for physical contact. And that can prevent us from being affected by the corona virus, and therefore we begin to educate
other people to reduce transactions with fiat currency. And try to buy all our needs online, now it's a lot merchants that accept payments with
bitcoin.
For purchasing goods over the Internet, ordinary plastic cards are easy to use, from which you can pay for the order. I don’t know of any deliveries with us that deal with cryptocurrencies, therefore, for example, even theoretically, I can’t directly pay with cryptocurrencies in this situation.
They are going to outside because they need money aren't they? The problem is not payment system tool, but they need money to buy some stuff to support their lives.
They can still using money fiat in form digital currency, that is more be accepted because all of merchant will using it, then the problem will be solved easiliy right?
Just telling them crypto currency is an investment place or a place to gain profit. They can trade to gain daily income, that will overcome for people still stay at home and surely it can help the pandemic end.
They can still using money fiat in form digital currency, that is more be accepted because all of merchant will using it, then the problem will be solved easiliy right?
Just telling them crypto currency is an investment place or a place to gain profit. They can trade to gain daily income, that will overcome for people still stay at home and surely it can help the pandemic end.
Making more use of bitcoin at this particular point is largely advisable.Touching the surface of money is one of the easiest way to get into contact with this deadly virus. Adopting the digital mode of payments for most transactions is the best way to minimise contact with people and also reduce the possibility of spreading the virus.
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.
It is a situation that is making many people scared, at a time like this where people are scared and running to buy things to survive they would hardly think of other options besides Fiat and credit and debit cards to pay for their things. And we cannot forget the have few countries in the world where people could use bitcoin to pay for all their expenses because there are still regulatory issues and high volatility that bitcoin has
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.
The fiat payment system evolves and improves as it progresses. Cashless payment or basically online payment is already the most used method in paying bills and purchasing products. It's even faster than waiting for a bitcoin transaction to be confirmed.
For buying foods on supermarkets, still, even with the use of bitcoin, people will still go outside and exposed themselves to the environment defeating the purpose of social distancing. Food delivery operation is also halted during the lockdown period, at least here in my area. Bitcoin or even cashless payment is totally useless in that case.
I'm a bitcoin enthusiast and bullish but there are lots of things to work before we can see the actual usage of using bitcoin payment globally.
I believe this mode of financial transaction will be considered soon. This virus has no respect for any body as it is affecting anybody that is in contact with an infected person or object like cash, then it is possible for ingestion. So it is possible the government after coming out of this pandemic would seriously look into digital payment.
After this serious corona scare is settled they will surely look into it and come up with new system which will be familiar to the users, as they might even use BTC if anything happen in near future.
If such system is implemented I am sure the price will go up again as the transaction process will be convenient to use...
If such system is implemented I am sure the price will go up again as the transaction process will be convenient to use...
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