Topic: Will coronavirus encourage people to use crypto more thoroughly? - page 2. (Read 1140 times)
April 19, 2020, 08:56:40 AM
No. I don't think so, Alot of countries haven't adopted cryptocurrency and Alot of publicity is still needed to make that happen.
April 19, 2020, 06:03:56 AM
People now are sitting at homes and do not spend as much money as usual, so they might search for the options for investments. Bitcoin has a fixed supply, so they might put a part of the funds in BTC.
Well unfortunately most of people that I've seen instead of investing they are withdrawing due to fear of unstability. It does makes sense though when people have too much time and is not working they tend to have less money and would prefer to invest themselves into enrolling some kind of online courses. Investing at this hard time only available for those with excess money.
April 19, 2020, 03:47:57 AM
Maybe digitally we could actually get some sort of spike? I mean think about it, a lot of people are staying at home right now which means there must be a lot of people who are buying stuff online nowadays, and with a lot of crypto people staying at home as well that means people must be preferring to get the crypto payments as well.
So, with an uptick in the amount of crypto people are spending these companies could take a bigger look at it and talk with other business owner friends and tell them how the crypto payments are increasing during the lockdown and they could add as well and this could create some snowball effect that results with bitcoin being accepted in more places. I don't know if this is going on right now but this is the best case I can think of right now.
So, with an uptick in the amount of crypto people are spending these companies could take a bigger look at it and talk with other business owner friends and tell them how the crypto payments are increasing during the lockdown and they could add as well and this could create some snowball effect that results with bitcoin being accepted in more places. I don't know if this is going on right now but this is the best case I can think of right now.
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April 18, 2020, 06:01:22 AM
People now are sitting at homes and do not spend as much money as usual, so they might search for the options for investments. Bitcoin has a fixed supply, so they might put a part of the funds in BTC.
Well unfortunately most of people that I've seen instead of investing they are withdrawing due to fear of unstability. It does makes sense though when people have too much time and is not working they tend to have less money and would prefer to invest themselves into enrolling some kind of online courses. Investing at this hard time only available for those with excess money. April 18, 2020, 05:11:59 AM
China can only consider this after the crisis had been reduced to the minimal. have thought on the gap the asset fills in the time of crisis but those in the crisis at a point are no more concern about the toilet paper and fund but the food in store, protecting themselves and mourning the victims. After the crisis Governments, Financial institute and internet media will consider another form of keeping asset/fund and transacting with each other fast, secure, decentralized, no third party and a level of anonymity.
April 18, 2020, 04:09:44 AM
Possibly yes, this will be from the angle of gamblers, the world have been put on hold, as the world is facing a pandemic which has made many countries to forcefully lockdown their countries to avoid the spread of covid-19. Gamblers have taking to the world of cryptocurrency to gamble through online casinos because the traditional means of gambling has been put on hurt by the governments across the world through restrictions on their citizens.
The gambling world has recorded the highest revenue generation for the few months we have spend so far on the lockdown. Many are able to keep themselves busy through the gambling online. Personally, I have been doing things through online most especially the gambling which keeps me more active whenever I get through it a day. Cryptocurrency is one thing that has happened to me that u feel positively.
The gambling world has recorded the highest revenue generation for the few months we have spend so far on the lockdown. Many are able to keep themselves busy through the gambling online. Personally, I have been doing things through online most especially the gambling which keeps me more active whenever I get through it a day. Cryptocurrency is one thing that has happened to me that u feel positively.
April 18, 2020, 03:55:42 AM
no because there are still other alternatives besides crypto as a means of payment such as Paypal and ATM. many people are afraid to use crypto because prices are never stable and bloodshed always happens
April 18, 2020, 03:30:33 AM
Quote
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts? 
This pandemic are really distinct, because of this the current situation around the globe it brings us groundbreaking news especially in crypto world. Because of this almost all crypto currencies like Bitcoin, Etherium and many more are become useful nowadays because of this virus. Since no one can easily go outside to get or to buy some goods and services they already used online payments in order to get what they want.
Mostly people from italy is also using crypto too right now. We will see that more people use crypto as crypto offers a unique solution.
April 17, 2020, 10:59:34 PM
Quote
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
This pandemic are really distinct, because of this the current situation around the globe it brings us groundbreaking news especially in crypto world. Because of this almost all crypto currencies like Bitcoin, Etherium and many more are become useful nowadays because of this virus. Since no one can easily go outside to get or to buy some goods and services they already used online payments in order to get what they want.
April 17, 2020, 10:44:04 PM
This proves that cryptocurrency is useful. How many people added in the list of newcomer in crypto? Possibly more than 70% have gained interest. This is dus to current locked down and people means of transaction has to be done online and this is one way to do that. Using cryptocurrency for payments. Bills, food, restaurant, in the future people will see its effectiveness for its cashless system and we can see how adoption increases but unfortunately people realize that due to this pandemic problems that we are facing.
April 17, 2020, 10:37:20 PM
Using crypto at this moment or online payment is really better to use not the realy or physical money.
It's more dangerous that we use money now because they have more use this and that is one of the possible to get the coronavirus but as of now there is still a big msytery if that is true or not but preventing is good to do.
It's more dangerous that we use money now because they have more use this and that is one of the possible to get the coronavirus but as of now there is still a big msytery if that is true or not but preventing is good to do.
April 17, 2020, 06:55:35 PM
Now almost all countries continue to increase the number of its population affected by the corona virus, the spread of this virus can not be stopped.
Therefore one of the spreads can be through paper money, then everyone will try to avoid using paper money. And until now many countries don't
have digital currencies, so it is indeed possible to make some people think use cryptocurrency for payment purposes. Because cryptocurrency can
indeed be a solution that avoids the spread of the corona virus.
Therefore one of the spreads can be through paper money, then everyone will try to avoid using paper money. And until now many countries don't
have digital currencies, so it is indeed possible to make some people think use cryptocurrency for payment purposes. Because cryptocurrency can
indeed be a solution that avoids the spread of the corona virus.
April 17, 2020, 06:34:16 PM
But as of the moment, frankly speaking the governments are not yet ready to use any crypto currencies as they have no control with and there are many hindrances that need to be fix first before it can be implemented. China is already in the move in developing their own currencies and once it will happen then more and more countries will surely launch their own currencies also. People are dependent to their respective governments so right now all of the decisions are on the government side if they will temporarily use a crypto to counter this virus or not.
The government will not be willing to use bitcoin for its payment method because bitcoin cannot be regulated, and the use of bitcoin, for the time being, does not contribute to the benefit of each country. Bitcoin is only a bridge between fiat and each country's digital currency. Bitcoin will be remembered in history as a forerunner to the creation of the digitalization of money. In the future, man will use digital money in each country where he lives, not bitcoin. 
April 17, 2020, 06:23:02 PM
I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today.
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
Right now most of the governments are trying to create a counter measure to prevent the further infections of the virus and if physical banknotes will make the situation worst then they surely look for an alternative. Bitcoin and other currencies will be an option of course as they are digital assets especially to those countries who have no digital currency yet. Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
But as of the moment, frankly speaking the governments are not yet ready to use any crypto currencies as they have no control with and there are many hindrances that need to be fix first before it can be implemented. China is already in the move in developing their own currencies and once it will happen then more and more countries will surely launch their own currencies also. People are dependent to their respective governments so right now all of the decisions are on the government side if they will temporarily use a crypto to counter this virus or not.
April 17, 2020, 04:44:24 PM
I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today.
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
This post reminds me of pictures I saw and what I read online a few days ago about Italy of the streets littered with money without anyone picking them up because of the fear of contermination of Coronavirus. This virus is real. I do not think this outbreak is helping to boost crypto in anyway because people are only looking for what fiat can buy them to survive and not to gather wealth. Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
April 17, 2020, 02:43:46 PM
yes ofcourse! lots of new people will come to crypto world because most of them are free and using internet at home and crypto is the digital money and if corona virus stay so long it will be great for crypto.
April 17, 2020, 02:36:15 PM
In uncertain times, it is also not certain that people still have work.
If a lot of bitcoins are left over, they may decide to place a bet. Or wait for the Bitcoins to continue to rise. Everyone is different in that.
If a lot of bitcoins are left over, they may decide to place a bet. Or wait for the Bitcoins to continue to rise. Everyone is different in that.
April 17, 2020, 02:19:55 PM
Of course!! I've been trying to prove this point on my thread but maybe I wasn't elaborate enough or something.
Here's the thing;
Coronavirus = Quarantine = More attention on the internet = New users discovering the advantages of bitcoin and other altcoins = New users adopting it.
Here's the thing;
Coronavirus = Quarantine = More attention on the internet = New users discovering the advantages of bitcoin and other altcoins = New users adopting it.
April 17, 2020, 04:08:34 AM
People now are sitting at homes and do not spend as much money as usual, so they might search for the options for investments. Bitcoin has a fixed supply, so they might put a part of the funds in BTC.
with rules that have to stay at home, there will obviously be two problems that occur. it could indeed be calm seeing the fact that this epedemic is treatable, so that he can at any time use the internet to observe the movements of bitcoin and altcoin as well as all crypto movements and use his time to do so well. but not a few who are affected and frightened by the development of the epedemic and this certainly does not want to bother anymore with confusion and shut down by not wanting to be connected to the internet and just pleasing yourself so as not to be more afraid.
I hope this corona epedemic can end soon and the crypto movement can go well and recover.
April 17, 2020, 12:55:19 AM
People now are sitting at homes and do not spend as much money as usual, so they might search for the options for investments. Bitcoin has a fixed supply, so they might put a part of the funds in BTC.
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