Topic: The Importance of Bitcoin during the Pandemic - page 2. (Read 921 times)

This pandemic highlighted a lot of things. One of these things is the every increasing importance of Bitcoin, and other cryptocurrencies. But most of all, the importance of blockchain technology itself.

In my country the government institutions that we should rely on in this time of pandemic are collapsing because of the inherit corruption because of the lack of proper technology. Our healthcare system are giving subsidy to Covid 19 patients. But the system are being gamed by nefarious entities. For example, they are recording patients who are not Covid 19 positive, like people who died from car accidents, or those who have other illnesses as Covid patients. So that they can collect the huge subsidy of the government to the Covid 19 patients. Another one are the subsidies to people who are in lockdown. Of course a lot of people were removed from their jobs and needed subsidies from the government. However, again some LGUs or local government unit people are gaming the system. They are registering nonexistent residents, so they can collect those themselves.

All that I am saying is that, if all these are in the blockchain. WHich is the underlying technology of bitcoin. Bitcoin is just exhibit A of what the blockchain technology can do. THen we can avoid those corrupt practices because the blockchain is transparent.

I hope that we can transition in a government where we use blockchain to avoid corruption.

one of bitcoin's positive uses is for this. because maybe with this pandemic, governments around the world can think about using digital money so that it can be used in the future in any situation

Bitcoin is an alternative money aside from our currency. And no, it is not all about buying and selling bitcoin. There are many ways to earn it and you should look out for that. It only takes a few months to learn about cryptocurrency.

It is not that hard for a person that is willing to learn and earn.

Economy won't be higher by earning some pocket-money, you should have work that give you enough money to fulfill your needs and that of your family and also leaving some savings for rainy days. If you are having an online business then only you would have survived the lock-down while earning lots of money, other than that all other people would have suffered a great deal during lock-down to make the ends meet. For earning good and sustainable income, either you have to be a great influencer online or having a website gathering almost 100k views on monthly basis or either be a developer, other than that there isn't any way to earn sustainable income with cryptocurrencies.

we know that bitcoin is an online currency.Covid 19 is undoubtedly  a pandemic for the world And here bitcoin  plays an importamt role of transaction,earning and be safe from covid 19.
Examples:
Many people lost their jobs because of this virus,most of the people are staying at home for safety so the economical condition is being down.But with bitcoin we can earn and fulfill our needs and able to make our economy higher.

I could say, Bitcoin is very important nowadays especially in the third world country like where im at right now..Recessions are everywhere, many people and families complaining where they can get their source of living to sustain their daily essential needs. They don't have money to buy their foods and medicines. They depends on the assistance from the government..This is what makes the country's situation worst..we are currently in pandemic and most of the people..depends and complaints in any one that they can blame..instead of thinking and doing something good that might help to provide their needs..I know that bitcoin has been  popular in the previous years..weve heard all over the news in all over the world...But people just heard it..they want to earn something good but they didnt want to try..Actually I started in bitcoin without nothing..I didnt invest any amount (ofcourse aside from my load to support my data needs but thats given since im using social media and other website..instead of spending my data in non profitable sites, why not use it in sites where i can earn?) so I have heard of it from a family acquaintance and got interested..i got hooked with how much he's earning every month where he stays at home and monitoring and working on his phone..so I asked him to teach me and my husband..though were not that techy we tried everything to learn and understand it (though we dont know how can we earn from it ) then our mentor said that you have to be patience in doing this but assures that in the end we will earn...we worked in bitcointalk by joining bounties..we joined for about more than 10 bounties in 3 months.. we knew the great moderators that dont scam and really pays (actually were always looking for their projects so we can join) and our first earnings (me and my husband) for 3 to 6 months were  almost P16,000 pesos (thats our side lines aside from our regular jobs) I was so happy because I was doing bitcoin during my free time and could'nt believe that I can earn money by doing this online.. (you might ask what happens to other projects? well, we all know not all projects pays valuable tokens..most of them or just tokens even though you have to wait for longer it doesnt listed in the exchange sites..) thats what we learn you have to work hard if you want to earn here..but the good thing is your working at home..safe from going outside and be infected by the pandemic and that will also helps the community to lessen the infected because your staying at home at the same time you're earning enough for your family's needs.

That is just simple, so simple and you don't need to stay here for a year to understand it. You put your money in your wallet, maybe a local exchange just like ours, coins.ph and then when the price pumps, you take it out, when the price drops, you reinvest. Everyone can do it that even my cousin which is doing that for almost a month now is earning enough to sustain their family. I don't understand how hard is this?

How can bitcoin help people who lost their jobs during the global pandemic? To earn on cryptocurrency, you need to stay in this area for at least a year to understand how it works and how you can earn it. Rather, people will thoughtlessly start buying and selling bitcoin and lose their last savings.

Even before the Pandemic strikes the world, Bitcoins importance to people who knew its value and trust its usage is incomparable. The good thing is,  it is more useful now not just for online payments and securing funds but most of all, a great platform to work, earn and invest. As you had been said, thousands of people losts their jobs, and yes, bitcoin industry can really help us sustain our needs in ways that we couldn't imagine. We just need to be patient as we work along and trust this blockchain industry.

I think that this epidemic should be exploited in order to increase the use of digital currencies by people instead of securities because this reduces the spread of the virus among people, so we must follow payment and purchase by digital currencies with people, companies and sites that accept these methods to reduce the spread of the virus

Not only those who works in internet but also to use as payment method,in my place we can easily buy Bitcoin using fiat just Load up to local wallet and convert to Bitcoin or 4 major cryptos.
In what way you are gaining Bitcoin in this forum?Bounty Hunting?does Hunting still profitable?

anyway Good for you that there are profit coming in this pandemic thru this forum.

yes at least not too much of a burden on our government to pay for our lives, being a self-conscious society so I think bitcoin will be an alternative where people work on the internet and get those payments easily, because we still continue to keep safe compliance with health protocols to work in home and not doing too much activity out there

That is a different thing.

I am talking about the transactions that are happening these pandemic and it matters since that is why I replied like this because this is not actually happening. As a proof, your cousin might not be using Bitcoin but just the fiat he can get from selling it or converting it to fiat. Yes he is using it but I am talking how people are actually using Bitcoin in this pandemic to pay and they are still few.

If we talk about the role of Bitcoin during the pandemic, it is quite important. Imagine the speed with which the virus spreads through
this physical contact it is the concern of all of us, it is very risky to be infected if we make transactions using paper money. And Bitcoin
can deliver a safe solution related to financial transactions, because transactions using Bitcoin are done digitally, so there will be no
physical contact. And also Bitcoin can be an instrument of financial transactions between countries at a low cost in a pandemic situation
like now, so if we want to provide assistance to family or friends from different countries Bitcoin is the best solution.

Why would you tell someone to rely on bitcoin during this trying times of all of us? I mean bitcoin can be profitable, yes, but it is not guaranteed to provide money for you tho. Bitcoin is there to get you profit as much as it increases, but the case is, it is not always happening with bitcoin. I think you just got lucky because you got your scammed money back, however we have different paths in here, maybe it worked for you but not for the others. But then again, you should not be just a wishful thinker because bitcoin is volatile, you might just get caught in the middle of nowhere but loss.

I bet both of you was able to ride the bitcoin in 2017 where it skyrocketed, I also get a huge profit at that time and I must say that was really really unexpected for all us.

Bitcoin protect us from virus? cashless payment like centralized digital wallet or even internet/mobile banking app can handle your daily micro transactions.
IMHO, the importance of Bitcoin during the pandemic is to convert your assets into a digital form.
People want to protect their money from inflation and global recession.
However, the speculation factor cant be ignored in here.

Bitcoin has helped me and my family a lot in the ongoing epidemic. Many have lost their jobs and become unemployed in the epidemic, but those of us involved in cryptocurrency have earned a lot of cryptocurrencies, including a lot of bitcoins, by working on many projects at home; With which I am able to run the family comfortably. My daughter is taking online classes and exams at school because of the epidemic; I bought a mobile for my girls by selling my bitcoin for the purpose of participating in their class exams. Overall, I think Bitcoin is playing an important role in the ongoing epidemic.

Bitcoin is indeed became important in my life, more than it did before, during this outbreak of pandemic.
During this time, many has been lay off their regular paying jobs and remote work system is not always available.
It did not only became a source of income but also a source of hope to many who are struggling in this times.

It’s not an easy thing where I live because people are not used to all these technology ways of making payment, unless you’re buying stuffs online. Even online stores don’t accept Bitcoin, they accept your MasterCard card which is linked to your bank account as payment method and no other way. Then when you go to local stores to buy things you need you will have to be paying with cash, because none of those sellers are ready to wait for you while wasting their time with online payment, all they want is you giving them cash.

There are things I don’t buy online, which I have to purchase by going to one of these local stores, which means I still have to use cash. It’s really not easy where I live, I don’t know for other countries.

In my view, digital currencies are useful, as you say, in the world they have them too, I mean like transacting online with digital fiat in every country or with PayPal. From what you have said, are the advantages of digital currency, and also making income from bitcoin is good to do but is not as easy as you think because the risk is too high too. The advantage of using bitcoin lies in its decentralization and other benefits such as peer-to-peer transactions. The benefits of bitcoin can depend from an asset point of view or a currency point of view.