The Importance of Bitcoin during the Pandemic - page 4.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: Yatsan on August 16, 2020, 01:16:30 AM

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

Remember cryptocurrencies like Bitcoin is not the only way people can do transactions and they are not only the ones that can be intangible because fiat or physical money do also have a digitalize version which can be accessed through online mobile banking features provided by banking apps and other money storage applications that is available in the country. Also other than digital banking, there is also credit/debit cards allowing people to do cashless transaction so they are still safe from getting infected by the virus.

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.

With regards to online payments, Bitcoin is not the only one that can do online transaction because banks do also have digital platform intended for that usage as well as other applications to do cashless transaction online. So people can do still have other option other than using Bitcoin at the time of pandemic.

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
I know there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.

During this pandemic we need to: Stay at Home
Stay Safe
Stay Positive and Earn with Bitcoin

It is true that lots of people have drastically loss their jobs because of the temporary closure of business establishments brought by the implementation of community quarantine because of the pandemic so working with Bitcoin will be useful to serve as an alternative job but still it won't be enough reason for people to stick on engaging into Bitcoin for as long as they have other ways or options to earn out of Bitcoin. But indeed Bitcoin do have an important role amid with this pandemic but for crypto users maybe, but for other people while they still have plenty of choices other than that, they will surely grab the opportunity of engaging on it.

For those people who have known bitcoin better even before the pandemic might be an advantage for them to earn bitcoin and use it for a cashless payment transaction but for those people who have loss their jobs and still not able to know about bitcoin, they should still seek other options to sustain their income for their daily survival. Bitcoin could be helpful to this pandemic but the process to earn it might not be as easy as it is as it needs to be studied and understood before using it.

Pogi2000

newbie

Activity: 44

Merit: 0

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

Bitcoin is a famous and valuable digital currency in crypto world. Many hackers using it on their evil deeds,that's why many people says that bitcoin is useful for criminals and people involved with them. But despite that,bitcoins value keep on increasing and many others also said that bitcoin is important because of the technology that makes it work.

During this time that we are experiencing difficulties because of pandemic ,I can say that bitcoin is what we really need.Why? What is the importance of bitcoin now?
>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.

>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
I know there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.

During this pandemic we need to: Stay at Home
Stay Safe
Stay Positive and Earn with Bitcoin

I think that the importance of bitcoin can clearly see to those who owned it. It helps then to have a an alternative means of money eventhough they cannot work during this pandemic because most countries close their economy in order to lessen the transmission of the virus. I think that bitcoin will be a big help to those who have it already other than to who wants to start tradingot earning bitcoin in which needs to have a capital and lots of time to do research anf task to have small amout of bitcoin. In my personal opinion, I don't think that bitcoin will be a good subtitute to earn money in this pandemic.

dansus021

copper member

Activity: 1988

Merit: 905

Part of AOBT - English Translator to Indonesia

Quote from: izzel on August 18, 2020, 02:21:13 AM

The coronavirus hit the global economy hard and this dire state of the economy has forced people to look for alternatives like using crypto currencies. Some people loss their job that's why they are selling online and using bitcoin for payment and investment. Also, in fear of transmitting covid-19 they prefer to pay online and looking for a cashless payment. This pandemic can accelerate the worldwide transition to digital payments while serving as a catalyst for the modernization of the financial industry.

this really happen to me right now i loss my job, my workplace bankrupt, damnnnn this covid really hit the market so hardd Cry

but the importance of bitcoin during the pandemic itself beside of payment we can earn some penny and work as bounty hunter to cover everyday need

and i just hope the pandemic will come to end

izzel

newbie

Activity: 5

Merit: 0

The coronavirus hit the global economy hard and this dire state of the economy has forced people to look for alternatives like using crypto currencies. Some people loss their job that's why they are selling online and using bitcoin for payment and investment. Also, in fear of transmitting covid-19 they prefer to pay online and looking for a cashless payment. This pandemic can accelerate the worldwide transition to digital payments while serving as a catalyst for the modernization of the financial industry.

Yatsan

legendary

Activity: 2422

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

Remember cryptocurrencies like Bitcoin is not the only way people can do transactions and they are not only the ones that can be intangible because fiat or physical money do also have a digitalize version which can be accessed through online mobile banking features provided by banking apps and other money storage applications that is available in the country. Also other than digital banking, there is also credit/debit cards allowing people to do cashless transaction so they are still safe from getting infected by the virus.

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.

With regards to online payments, Bitcoin is not the only one that can do online transaction because banks do also have digital platform intended for that usage as well as other applications to do cashless transaction online. So people can do still have other option other than using Bitcoin at the time of pandemic.

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
I know there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.

During this pandemic we need to: Stay at Home
Stay Safe
Stay Positive and Earn with Bitcoin

It is true that lots of people have drastically loss their jobs because of the temporary closure of business establishments brought by the implementation of community quarantine because of the pandemic so working with Bitcoin will be useful to serve as an alternative job but still it won't be enough reason for people to stick on engaging into Bitcoin for as long as they have other ways or options to earn out of Bitcoin. But indeed Bitcoin do have an important role amid with this pandemic but for crypto users maybe, but for other people while they still have plenty of choices other than that, they will surely grab the opportunity of engaging on it.

bayu7adi

hero member

Activity: 1358

Merit: 538

paper money is going away

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

The virus doesn't look at wanting to land on who has a certain amount of Bitcoin. There is no connection between viruses and the bitcoin balance in your wallet. They can still be a part of your body even if you own 1 million bitcoins

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

This point I agree 50%, because in its use, bitcoin does not cause contact with your business opponents, or sellers. But is it possible that you go to an outdated shop to buy 4 servings of instant food using Bitcoin, while you are served by an old grandpa who doesn't understand the internet. That means, your Bitcoin may not be used in every store

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.

agree 98%, as long as there is banking system, bitcoin cannot be 100% the only means of online payment

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.

there is nothing to blame here, because it is very rare for people to understand bitcoin to potentially make money. The solution is to legalize education about cryptography internationally

MCobian

full member

Activity: 1190

Merit: 117

All of the advice in opening post I really agrees, especially regarding Bitcoin providing opportunities to make money
when it's a lot people who have lost their jobs due to the COVID-19 pandemic. With Bitcoin we can trade or invest, even
though it's not easy to earn money by trading or investing in Bitcoin. But if we have a strong desire to learn, we can
definitely make money from Bitcoin trading or investment. Therefore, in a pandemic situation like now the role of Bitcoin
is quite important.

GDragon

full member

Activity: 658

Merit: 126

I somehow agree with all the things you've said but unfortunately, it won't work for all. Fiat currency can also offer digital and cashless payments. That's what I used now insted of btc cause who would accpet btc right? Kind of sucks but what can we do?

I don't know what sideline in btc you are talking about but I hope those who are getting in this industry during this time would not lose all their money left in Trading or other scams. Those who lost their jobs can't really just jump into trading cause you know why, risky unless they are knowledgeable first. Some can't afford the risk being involved here specially this time.

I would only let a friend get into btc if he already understand all the things here. And of course he should be here not because of the quick buck.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: supine on August 13, 2020, 03:50:19 PM

Yes Bitcoin did a huge part on my life in this pandemic it help me a lot since I am earning and I have some savings in crypto.
My family manage to survive because of Bitcoin and crypto currency because of this lock down we need to take a break from our real job.

I must say that bitcoin is really one of the options in order for you to have something to eat and work for during this pandemic. Through all of the hardships and struggle that we experienced during this Covid-19 outbreak, we really need a lot of necessities to survive and prioritize having a budget to use for. So investing is one of the best option and opportunity to grab in order to sustain your needs and secure your future with its benefits.

Bitcoin can help you grow with proper manipulation.

As people are not allowed to go outside, travel, and go to work, some people already lost their job due to quarantine and some businesses are closing due to insufficient funds that will make them hard to operate and reopen.

So engage with bitcoin as soon as possible and see the benefits and advantages if you work on it.

wack slacker

full member

Activity: 966

Merit: 102

The pandemic causes the world economy to be seriously delayed and the cash flow will be withdrawn from the market. To preserve value and fight inflation, they will switch from cash to other types of haven assets such as gold, silver, stocks and bitcoin. I think the pandemic has caused bitcoin to increase strongly and steadily in recent times.

erikoy

full member

Activity: 686

Merit: 125

Quote from: suryogandul on August 13, 2020, 08:51:11 PM

but Bitcoin should have a function to be one of the payment options available in all countries. because during the pandemic, many people do not make direct physical contact and prefer to make digital payments, maybe that is the best option for bitcoin in the future

Yes bitcoin in future will surely gets acknowledge even up to now the present had already been acknoedge by the government and other countries are giving already other exchanges and apps the license to operate that includes the advise from its consumers the possible risk it can get.

For now most banks do well in this pandemic. Most of the transactions now are being done online to which trust now doing business online is high already. Because of this bitcoin may find a way to evolve and bring digital currency into the next level.

suryogandul

full member

Activity: 550

Merit: 100

but Bitcoin should have a function to be one of the payment options available in all countries. because during the pandemic, many people do not make direct physical contact and prefer to make digital payments, maybe that is the best option for bitcoin in the future

The cure

jr. member

Activity: 448

Merit: 4

Bitcoin really helps a lot to us specially in this times that people are not safe outside of their house, because of online transactions we can make to pay our bills. But accept the fact that the majority still using fiat because some establishments are still not accepting bitcoin. However in my own experience Bitcoin serves as my financial support to sustain our needs and to bring food on our table for my family in this hard time of pandemic.

Yamifoud

hero member

Activity: 2772

Merit: 518

★Bitvest.io★ Play Plinko or Invest!

Only a few see's Bitcoin of its importance this time and appreciated it, not all. The majority are still using fiat instead of crypto or any digital mode of payment because most of the establishments are accepting fiat and we can't deny that. But we are also thankful for this development as it could make our life easier and faster transactions but we can't neglect also the risk and the prone to scams. In fact, not only a few but a lot of people got scammed because scammers had used the name of Bitcoin for their evil intention.

Inkdatar

hero member

Activity: 1582

Merit: 523

Quote from: daneal stev on August 13, 2020, 04:26:44 PM

The Bitcoin currency had a very large and positive role during the spread of the virus, as this gloom helped to purchase needs remotely without any contact with paper currencies that could be a vector of disease, in addition to this currency helped to collect very large amounts of donations that were made to health organizations Located in different parts of the world

Even before without pandemic bitcoin has a vital role to the users. And since their is virus globally somehow through bitcoin people could use this as a tool to make payments and purchase goods so we can get rid of using fiat during this time. That's also an advantage using this digital currency it can collect money and donate to an organization. Before pandemic bitcoin is already use and encourage those people to adopt this digital currency. Also a lot of ways we can use bitcoin but the fact is others don't know yet this kind of digital currency and still lack of knowledge on how it works and can be used.

daneal stev

full member

Activity: 280

Merit: 135

The Bitcoin currency had a very large and positive role during the spread of the virus, as this gloom helped to purchase needs remotely without any contact with paper currencies that could be a vector of disease, in addition to this currency helped to collect very large amounts of donations that were made to health organizations Located in different parts of the world

mezzaluna

member

Activity: 518

Merit: 23

★Bitvest.io★ Play Plinko or Invest!

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

Bitcoin is a famous and valuable digital currency in crypto world. Many hackers using it on their evil deeds,that's why many people says that bitcoin is useful for criminals and people involved with them. But despite that,bitcoins value keep on increasing and many others also said that bitcoin is important because of the technology that makes it work.

During this time that we are experiencing difficulties because of pandemic ,I can say that bitcoin is what we really need.Why? What is the importance of bitcoin now?
>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.

>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
I know there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.

During this pandemic we need to: Stay at Home
Stay Safe
Stay Positive and Earn with Bitcoin

Its actually not just Bitcoin that we are able to earn during this time of pandemic. Bitcoin and the Alternate Cryptocurrencies are already able to help most users even before the time of pandemic. The Corona Virus was just an unfortunate event that made the world be mindful of their health and some countries really need to implement better healthcare systems.

Gaining and earning in the Cryptocurrency Industry can be really useful since it can act as another source of financial assistance in the times of needs.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.

Unfortunately, bitcoin can't be used everywhere "for now".

And I think you are lacking information that if we say "fiat" it's a physical thing right away. Didn't you know that online payment is encouraged even before the pandemic and since the pandemic struck, online fiat payment is mostly and heavily used? I'm a crypto enthusiast but fiat payment gives way more advantage to me this lockdown. Thanks for a number of payment processors here, we have lots of options. With just one-click and or literally around just 1-2 seconds, the transaction is already completed.

Quote from: Alert31 on August 12, 2020, 01:32:12 PM

Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.

I think there's confusion here on your part. Do you want these people who lost their job to buy bitcoin then expect that everyday should be GREEN as a form of income to sustain the family's daily needs? Take note also of fees.

Bitcoin is volatile. It shouldn't be primarily used as a tool to cover a family's everyday and regular needs unless they a crypto-oriented people before the pandemic and have some ways already to earn crypto or able to save some before. What these people need to do is to use their remaining money to think of possible good business, small or not to somehow survive their everyday needs. You can't just tell them to go buy bitcoin as they just lost their job. If they have some extras, that's the time they can consider buying bitcoin.

supine

full member

Activity: 1036

Merit: 109

Yes Bitcoin did a huge part on my life in this pandemic it help me a lot since I am earning and I have some savings in crypto.
My family manage to survive because of Bitcoin and crypto currency because of this lock down we need to take a break from our real job.

Twentyonepaylots

sr. member

Activity: 1876

Merit: 370

Quote from: J.Amador on August 12, 2020, 10:39:20 PM

The importance of bitcoin in this pandemic it can help you to earn money you just need gadget and you don't need to go out because right now it's to dangerous to go out.

But is bitcoin really important? I mean we got still a lot of opportunity to earn during the pandemic not just bitcoin besides it is not always green in bitcoin, you cannot just expect money to go right away after hours of investing, it does not work like that. And if you are just a normal/average citizen you can't just shot you bullets into bitcoin coz you still got expenses in daily living and you need to save especially now that most of the jobs are pause, as what you said it is dangerous to go outside.

Quote from: J.Amador on August 12, 2020, 10:39:20 PM

And right now many people loss their job because in the pandemic they need sideline to earn money so I want to recommend bitcoin to them because it can help them big time

Sideline not risks after risk. Bitcoin is risky, maybe you thought it was all good with bitcoin because of the recent pump but it really ain't. It is better to find consistent job during this time, and we got a lot of that in the internet.

Topic: The Importance of Bitcoin during the Pandemic - page 4. (Read 847 times)