Will coronavirus encourage people to use crypto more thoroughly? - page 9.

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Quote from: Abiky on March 12, 2020, 06:21:23 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? Huh

Depends on the usage. Because there were people who aren't into risk, and crypto is always associated with that 'cause once you engaged/convert your money here it is a matter of a time on where its value would downfall or rise up. Besides if their business were just for payment alone, and to avoid in contact with the virus then may be crypto wouldn't be in their choice, not even in the least especially when they want to kept maintaining the value of their money. On the other hand, people who are, some sort of risk taker, and are willing to take some changes with it then crypto really suits them up. Thus, the word encourage to use crypto thoroughly here is what defines them

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: 20kevin20 on March 12, 2020, 07:29:34 PM

If nations are now going to release digital currencies, they're going to conquer the markets. Don't expect BTC to become the global currency or anything - that's not gonna happen. And as I said, the free fall of stocks & crypto will make a lot of people think that cryptocurrencies are a very bad idea. Time will prove they're not imo.

first of all, what I want to emphasize is that Cryptocurrencies are not just BITCOIN.. USDT, PAX, USDC are Cryptocurrencies too!! so it is not impossible for cryptocurrencies can be used as a transaction tool. digital money is currently the easiest to apply, but we must not be too optimistic that cryptocurrencies can never be used as a transaction tool. at this time what is a barrier to cryptocurrencies that cannot be used as a transaction tool is the lack of education about cryptocurrencies to the public... that's all-

Saisher

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Activity: 2324

Merit: 175

We have now seen that Cryptocurrency is vulnerable to this kind of news so far the market is recovering but we really need a system that this any kind of calamity of epidemic can be use that is Cryptocurrency based, to withstand bad news and bad actions from this epidemic, I hope the market can fully recover, it's not yet safe.

2tang

sr. member

Activity: 1414

Merit: 259

Undeads.com - P2E Runner Game

Crypto will rise from bloodshed and the price of BTC will rise again. Everyone is interested in engaging in cryptocurrency and will use it thoroughly in real life. some of the advantages of digital money that is when transactions do not shake hands means that digital money can prevent transmission of virus Corona and more .. We have to get up and keep piling up in the current prices for the lowest price.

ven7net

full member

Activity: 1946

Merit: 112

Quote from: Abiky on March 12, 2020, 06:21:23 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? Huh

If you talk about the corona virus as a real terrible disease, then all this will lead to only one, to many victims, and what cryptocurrency can be discussed in this case? In reality, things are completely different. When people talk about the corona virus, they immediately translate the conversation about the benefits that can be extracted, which means that all this corona virus is an invention and an occasion to achieve certain goals. Based on this, I can conclude that perhaps all of this was used to promote cryptocurrencies, but I am more inclined to believe that this is an excuse to get rid of influence and the dollar. Of course, against this background, cryptocurrencies can be interesting, but this does not mean that all this was done for the sake of accepting cryptocurrencies in the world.

ballerin and giroud

member

Activity: 868

Merit: 16

It should be yes, cryptocurrencies are money and everyone can use them as mean of payment. The virus is very awful because it will takes three day for the virus dead when it comes to the stuff. The people will be recommended to use digital money when they make a transaction because if we use money paper we will take them every day and we will touch them before we make a transaction. It will be good for some countries out there to accpet cryptocurrency as the payment system, at the very least we will safe ourlives when we buy some stuffs.

enhu

legendary

Activity: 2492

Merit: 1018

Its not encouraging people I think because there were no suggestions about the crypto options for the people like media reporting a store selling toilet paper accepting BTC or ETH.

Though It would be exciting for crypto if the affected countries starts using coins and I think the corona virus will actually be a good reason for this to kickstart. If only China could start doing so using their own coins and start with Hongkong everybody else will also be doing it too.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: Doranile432 on March 13, 2020, 08:53:00 AM

There is no reason for people to by crypto and use at this time, instead many are dumping to buy maybe foods and meds in store, some even think there is going to be scarcity of food, it's the real reason behind this crashing market

Scarcity of food how come, we are not yet on war, experts are finding cures for this epidemic and there are precautionary measures that have been taking up, and that is not required for us to panic, these kind of people are watching too many doomsday movies, that they lose trust in their government, and taking things to their hands.

Doranile432

member

Activity: 476

Merit: 22

There is no reason for people to by crypto and use at this time, instead many are dumping to buy maybe foods and meds in store, some even think there is going to be scarcity of food, it's the real reason behind this crashing market

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: JCviggen on March 13, 2020, 03:23:15 AM

maybe this is another reason for the government to tell people to get rid of cash? cash is not monitored by the authorities and it is very important for them that all money becomes electronic. and most likely the idea that the coronavirus is transmitted through cash money is just the reason

Do you seriously believe there is going to be a single government saying "hey, let's use Bitcoin!"? As I said a few posts above yours, there already is virtual/electronic money out here: bank accounts.

If there will be any new electronic currency they're willing to adopt, it's going to be one created and launched by them. Not a currency created to be trustless and decentralized..

Kasabus

hero member

Activity: 2814

Merit: 576

Most probably, people will realize that using online payment is quite safer, at this time we haven't feel the demand as the sentiment of crypto is on the global effect of the corona virus, now it's dumping so it's hard to say, but soon for sure they'll adopt. Also, I am not expecting that corona virus will last longer, the WHO will definitely do their best to find the solution to this the soonest possible time as the pressure is on them and we've all seen the effect of the panic.

minairia3

sr. member

Activity: 1498

Merit: 326

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I like the idea but not all people who are affected are into cryptocurrency. Maybe some but not majority know how to use it. Government probably aware about usage and usefulness of crypto but some authorities are even the one avoiding everyone to use it as potential scam and risk awaits you. This is their typical suggestion but Im willing to support this if ever they will do cause we can educate some those who dont know about its usage.

But I do hope sooner we can go back to the normal cause the lifestyle really changed due to this corona shit.

Nekkyush

jr. member

Activity: 39

Merit: 1

The current situation on the corona Virus case has really put the world to a plunge. It will be safe to say that people are already taking measures on how to control the virus spread and one of those measures can be seen in the price of Bitcoin and other cryptocurrencies today.

I believe that the world is going the way of crypto as a form of payments now being scared of the corona Virus spread and this will definitely help. This is the much talked about mass adoption and just may be Corona case will facilitate it the more.

xvids

sr. member

Activity: 1176

Merit: 301

Crypto is just another option because there are also other online payment like paypal.
Because of corona virus online payments are a good way for every transactions it is much more safer and it would prevent the virus from spreading through Fiat.

Akiko

full member

Activity: 896

Merit: 198

Quote from: Abiky on March 12, 2020, 06:21:23 PM

-snipped-

it will help only to encourage people to use other option to pay using online payment and crypto.

It will also help to reduce the infected since you dont need to pay any other bills using paper money which there are chances that who own that paper money may also be infected. Using crypto or other online payment you dont need to handled any of your money you just need to use your mobile for payment.

Lexurdania

member

Activity: 840

Merit: 10

Corona virus has a huge effect on the world economy and recently the Fed has injected funds into the market for trillions of dollars. I think the current market crash is making people look for alternative investments and with the many cheap and potential crypto prices, I think crypto will recover in the next few months.

OrangeII

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Reward: 10M Shen (Approx. 5000 BNB) Bounty

seeing the current situation makes me think that this virus is fighting off crypto. Well, not only crypto, but also gold, crude oil, and other investments are also affected by this virus. however, I thought that this virus would support the development of crypto through transaction channels, but seeing a very large decline occur in this short amount of time, made me feel that this virus made the economy become unstable.

JCviggen

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maybe this is another reason for the government to tell people to get rid of cash? cash is not monitored by the authorities and it is very important for them that all money becomes electronic. and most likely the idea that the coronavirus is transmitted through cash money is just the reason

Winscosinally

member

Activity: 490

Merit: 16

Never, what will make people want to use crypto at this kind of time where all market is crumbling? Instead investors are selling their bags maybe they simply thinks the end of the world is near but I suspect all this virus shit is done intentionally

bassbity

sr. member

Activity: 1092

Merit: 284

At a time when there is nothing good, all markets experience a very deep crisis due to this corona virus, but the government will try to make any payment through no contact, whatever it is and still in the process of discussion, and hopefully crypto will be the solution to payment without contact. with each other.

Dumper is still happening so badly the cryptocurrency market today.

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