Bitcoin Forum

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

To add to this, bitcoin will definitely have it's moment. Events like this put it in the news more often because the media might use it in examples showing how it's an actual investment and not just magic internet money. Also during this time the halving is happening in 24 days, this has caused a lot of traders, investors and new comers to come out of the wood work.

Stay tuned, these are exciting times.

There is no other time but to buy than now. Don't wait for BTC time to dominate because by that time BTC price will also go up and you may not be able to afford it. Its got its time maybe tomorrow, maybe next week or next year but don't wait for its moment. Just look at how those people who regret because they had not bought earlier before 2017.

Even if you stay away from Cash and ATM's you can still swipe the card , it is Preety much the same thing and you won't have to pay any excess fee , therefore I do think your point is a little off the mark .
It is undoubtedly the best time for Bitcoins since Bitcoins is able to provide something that the government can't , security , job opportunities , a coin free from the individual country's inflation rate.
This time has provided an amazing insight so as why we need a decentralized exchange . It has supported people in a lot more ways they one can think .
I do think after today government will be more grateful towards the Bitcoins and other cryptocurrencies as they have provided people with a secure outlet where they can trade And even send overseas money which costs much less.

I think this is the 2nd thread that deals about how bitcoin is reliable in these times of pandemic. Yes, it's best to buy bitcoin and use it for payments because there's no need for hand to hand interaction.

No virus will be transferred just like what the experts are saying about touching physical things because it can be another place for the virus to stay and pass onto another. But, everyone is in problematic days that we have to use cash to spend for our needs and people can't think of this.

It would be good but the time for bitcoin to become one of the payment option will probably come but not for today. There is already an existing process or options that people is using to do transactions online, I don't think that they will just suddenly start using bitcoin because of the said reason.

In our lifetime? our probably say yes, I'm sure no one was born yet when the Spanish Flu pandemic.


We still have the credit/debit card out there. So that will be the first option for bank people. And remember that bitcoin is not yet universally accepted, so it might take some time. However, if you are into investing on bitcoin, of course, there's no wrong or right time, as long as you are willing to take the risk, then go.

I'm sorry but I partially agree with you on this. I agree it would be nice to be able to pay with Bitcoin now and it would be a healthier form of payment. But Bitcoin is not yet able to handle the burden that will occur when the whole world wants to implement it. So if the whole world started to pay with BTC at the same time, how long would it take to confirm the transactions?
I'm not sure even Ethereum, which has a relatively better approval period, can handle this load. Even if other cryptocurrencies can do it in speed, I do not include it in the subject as its competencies can be questioned.

If you buy physical goods, you must interact directly with the seller to receive the goods.

The point is not as good as you think and I think it has nothing to do with a pandemic solution. Bitcoin is not one of the best tools to avoid or minimize the spread of viruses. It is no different from other online payment systems.

the reality is education about the function of bitcoin is still not widely known by people, especially for those who are not so concerned with the development of this technology. if bitcoin becomes a solution, I think, the government should provide education about this. it's just that, thinking that the government needs to think about education while they are still pros and cons regarding cryptocurrency, it doesn't seem like it will be easy.

Though it is very convenient if we can just use bitcoin in this challenging time but not many merchants are accepting bitcoin especially local merchants or shops. Also, up until now, not many crypto users want to use their bitcoin for everyday expenses because as much as possible they want to save it for the idea that one day, it will increase many times.


And yes, not many individuals are familiar with the use of bitcoin or crypto. Even if they will start learning now, still it will take time for them to grasp how they will transact using bitcoin. But since using fiat money will pose risk for the transfer of this virus, many are looking for alternative options and one of them is bitcoin or via crypto.

Well said mate, because of the virus bitcoin is now mostly used because of being afraid of going outside. There are so things bitcoin can do, it can be used as way of payment in our every transaction in our life.

As what we are now facing, cryptocurrency becomes more useful compared to fiat currency, so I think this is the best time for the bitcoin even though it goes down so low because of virus but now I think it is bouncing back again. There are already so many people who use bitcoin and other cryptcurrency because of what is happening now.

Cashless transactions don't necessarily mean the use of cryptocurrency/Bitcoin. Just like what others have said, there's the existence of paypal and the like. Let's not even mention how BTC transactions often have fees. Besides, disregarding those transactions that you pay for in bills, shopping for groceries require most of the time hard fiat cash/currency. This makes it harder for people with money on their banks/cryptos since most groceries don't have any type of digital payment system. That requires more improvement with regards to the companies that hold those groceries in the end, hence the inefficiency of digital payment at times. Still, I'm not saying it's bad, just that it hasn't developed fully yet.

What anyone should consider is if any purchase of the asset will be profitable? ultimate yes, it will be profitable, something in x10 more but the huddle like every business is when, how long it will take to take this profit from the parabolic boom? It wont be wise to predict to anyone that the price may never dump from where it is at the moment into the bull-run. The volatility has the advantage and disadvantage and every investors should learn to be long-term.

No.

We know what are the benefits of a cashless society and right now that cash can be a spreader of virus, cash isn't used right now in some of the countries. Now is it enough for Bitcoin to shine? I don't think so. People and some of the investors right now are opting to have cash right now or in some people, their own currency than using Bitcoin. Bitcoin isn't accepted in some markets and establishments so they choose to use their own currency right now to pay it using digital applications. As they said, there is always time for everything but it is not the time for Bitcoin yet. More adoption is need and we don't need this pandemic for the Bitcoin to be used.

Bitcoin could be awesome and its potential might get more apparent nowadays, but I don't think it'll help us this time. People are advised to go out only when they need to see a doctor, to buy food or to go to the pharmacy. I would buy this stuff with Bitcoin if I could, but I can't. And the same is the case for pretty much everyone, right? And thus while Bitcoin could be the safe kind of money, it's not, not for now. Thus it's also time when Bitcoin rivals get more adopters since people who might be used to cash are trying to use alternatives for safety reasons.

I agree with this because we have seen so far that even though the price of Bitcoin went down this year, it recovered just before the Bitcoin halving comes. this is one of the reasons why bitcoin is unique than the other cryptocurrencies because of its historical recoveries. now we need to think about it if we want to invest the time right now is just right.

WHO has rrecommended using system which do not require touch one to another. But the problem is how many people know about Bitcoin, hoq many stores accept it and how many countries allow bitcoin?
Bitcoin to be as the currency of daily payment will need a lot of times. It is not the time yet.

In a time of crisis where coronavirus can be easily spread and may infect anyone, online transactions are the best option. Contactless payment through Bitcoin is always the best option. Cash that is being handed from one person to another continuously then virus can also be handed and pass it from one person to another. Bitcoins and cryptocurrency are digital that means it is appropriate and necessary nowadays. With bitcoins, we can avoid the spread of the virus because it is digital and it will not be necessary for us to have the physical coin for transactions.

However, there are also another method of cashless payment. E-banking system.

Great point mate, we have to calm down and don’t put too much effort on bitcoin because we are competing on a big market and even before, banks have their own ways to transact online. I take this time to study more about cryptocurrency and wait for a more cheaper price, this is the best time to accumulate and bitcoin will grow more but we can’t stop people from using banks instead of bitcoin, its their choice.

Some big establishment has come to find a way in order to continue their services in front of the crisis and offering online payment system has been created. It isn't a new thing to happen since they are giving the comfort of their client but wondering how it gives a huge effect in regards to crypto adoption and might giving them an option to disregard crypto. That is why we can't see a massive impact on crypto this time and even seeing a huge increase in users because of this option. So we can draw a conclusion that Bitcoin and crypto adoption has never been so strong and we can't expect that people would accept it in the future.

As mentioned above, volatility and speed are the main obstacles to Bitcoin becoming a competitive digital currency.
In a time similar to current ones, people will prefer familiar financial systems with fiat electronic money, at least because they will consider them safer.
For investing, also, is a dubious period, bitcoin is showing a positive trend, while a financial crisis is coming.

I hope you understand some payment options such as paypal, VISA and Mastercard can also be used and many online and offline stores accept all these more than cryptocurrency. While at this period, the use of fiat currencies are not encouraged other means of payments are being consider except some merchant that have long history of accepting crypto

Yes this is the right time, but before implementing it there are still many things to consider such as bitcoin price fluctuations and price manipulations that often occur and are controlled by whales.
Bitcoin has a good and transparent technology, but it must also be matched with existing regulations, not just applying, but needs more in-depth research.
The use of Bitcoin will indeed reduce the use of Cash and ATMs and the spread of the virus can be reduced.

It is time for digital payment or using crypto currencies if in case the governments are ready for this as there are many factors that are need to be fix first in order for digital payment to be available to anyone either you are rich, poor, in urban area, in rural area and etc. And teaching someone is not easy, they can easily use fiat but do you think shifting to digital currencies will be easy for them especially if they have no background to it.

Let's face the reality that we are not yet ready to implement this kind of payment system but maybe in the future, if all the difficult factors will be solve and it will give a way for digital payment to fully replace fiat even if there are no virus around. And as you see, crypto are also struggling right now due to the effect of corona virus.

If we keep saying it isn't ready to become a global currency, I don't think it will ever be, rather we need to work towards achieving that.

 Btc has great potentials and constantly limiting it won't help matters

]You make a good point buddy, I have been guilty of this too, it's high time we change our perspective

If we keep saying it isn't ready to become a global currency, I don't think it will ever be, rather we need to work towards achieving that.

Not necessarily that we shouldn't "put too much effort" on bitcoin, it's just that regardless how bullish you are with bitcoin(so am I), it's really just better to be realistic with your expectations; in contrast to saying "this is good for bitcoin" every time we get any news that doesn't even to the very slightest relates to bitcoin.

Bitcoin's moment will be when people will be educated not to trust banks or any third parties. That's gonna be a long, hard road but we're on it right now. When we will all wake up to reality and realize how we don't really need a third party to be under control of our own financial assets, we'll know that Bitcoin is the key.

This is not our moment. I think it's going to take many years before people are going to start realizing the above. Let's not forget the fact that many still do not know even the basics of cryptocurrencies. We need lots of patience. :)

But for sure people will glorify banks when banks do offer them something they want in return, you can't just educate people with bitcoin because it has a huge advantage in any financial terms. I guess the time that you are trying to say is the time that we already have the grown up millennial who is techie and knows a lot of stuff in gadgets and internet. For now, you can't just teach old people how to use bitcoin to pay digitally, we don't want any people to be vulnerable in any kind of worse scenario.

Years and years of waiting, maybe in the next decade we'll start to see the progress. As of now I'm pretty glad to see the adoption process of some people and businesses across the globe.

If our system wanted to, we could've included the old people in it too with a very simplistic concept. But Bitcoin isn't something the system wants. They want to have control over the money we have, and it is partially correct because there are instances where you just need to take control.

You're right too, Bitcoin is a hard-to-understand asset so educating people to switch over to BTC is a damn hard task. But it's achievable, although maybe not with our current generations. Time will see.

This can turn to be the best time for Bitcoin. Global economy is falling apart, governments (all of them) are trying to do something, but will they succeed to do something? There're to many wholes, economy is broken, and we all know that! Is it time for bitcoin and blockchain to shine?! For that we need people to embrace this technology and start trusting in it more than they trust governments, most of us here are good examples of that! We trust more in blockchain than in any government out there.
We will see what is waiting for us in the future, we will be here, world will continue to turn around. Some things have to be changed, how nobody knows, but I am for blockchain for sure, and I advise other people the same!

It's not as easy as checking something on the internet. There are many suspicious people out there, they haven't study about bitcoin and they don't think it's a safe way of their transactions. We shouldn't forget that bitcoin is something like stock exchange. How many people want stock exchange? It's not exactly stock exchange, but this is how article sites of their country represent it.

No, it's not a time for bitcoin now. Unfortunately for us, it's obviously the time for paypal  :)

My thought.

It could be a solution, but we can't pass it just because government regulation.

Does your country allow the use of bitcoin as a payment system?

That is the problem, we can use bitcoin as we wish but we have to aware to our government.

While bitcoin is a good way to make payments, there are still other fiat payment methods like Credit card and debit card which can be used for payments.
These cards these days also have tap n pay facility for which you don't even have to swipe the card in the machine.
So I guess while there are existing ways in which people can use fiat money conveniently, bitcoin won't have a chance for being used as an alternative.

because they don't want to know either. Many people become ignorant of new technology because they closing such an opportunity to work with them.
We can't see Bitcoin consider as a currency itself as we don't have huge support from the community. It can just be hopes of no possibility to come because we ain't to push it and lead by example.

Yes it is.

But I hope there are supermarkets who accepts that kind of payment.
Sadly, there are not much.
You will still need to exchange your bitcoin into something which is being offered at the  cashier.
Cash or credit card or debit card only.

Perhaps, there will be a time we could see it there. Even for just one cashier.

Probably, the virus really affects the price of bitcoin in the market that's why many whales are celebrating and planning to buy more bitcoin. People are panic selling because of this quarantine, they have no work so that they have also no money to spend just to survive this pandemic. There are people who are really selling and also holding some coins at the same time because they still want to trust bitcoin although it is in a downward price. We have nothing to do with that because if the market's movement is really in a crash, then we should become more patient and practice our self-discipline more as this pandemic is still on progress and people are not yet discovered or invented the vaccine for this virus.

we all suspect that this is the best opportunity for bitcoin. some people predict the price will go up very high. it's just that the current situation is quite different from what was expected. it might take time for that. even some opinions say that bitcoin is badly affected by COVID-19 today.
it's just that I feel that this is really right for newcomers because soon will be halving, they will definitely see the benefits of bitcoin and make adoption increase.

Everyone has the struggles this time and putting themselves into the risk investment will never be their first option to take (maybe later).
We could think that Bitcoin adoption will become stronger as people will most likely go online system but it was a big opposite to look at because of some reasons. It could be in the realization that Bitcoin is not meant for everybody, the risk involves holds them and they never took this as an opportunity.

Bitcoin is not for everybody especially those who are hesitant to touch it. many are in doubt because of the price volatility and all the negative news surrounding it like hacking incidents and scammers. but if they will truly learn what bitcoin or crypto is, they will not bother those negative news because they will know how to avoid those scammers and how to keep safe their portfolio. But for noncrypto users, there is no best time or right time, as long as they are ready to be involved, it is always the best time for them. don't push others to get involved as it will not bring good results, they just might hate it. so it is really up to them when they want to learn bitcoin.

Bitcoin and crypto adoption isn't going faster. People are still considering the volatility of the crypto market and make them feel not safe.
The lockdown, the limited access to the local market that we have experienced isn't enough to push them to pursue the adoption it is because isn't crypto alone have its solution. A lot of online services system that gives them an option to take just credit ad debit card, some of us are using these things before crypto. To finally say, Bitcoin adoption will come in a moment but not all of us are looking to that at this time.

We know that the adoption of BTC and other cryptocurrency has not been too broad, so the scale is very limited. Payment with cryptocurrency is not very effective at this time. If the aim is to reduce direct contact when using cash, then the most appropriate choice is to use e-money, many services can be chosen such as PayPal. The adoption is wider and many are making e-money as an alternative payment.
There will be times when bitcoin becomes the most effective choice, but not for now. IMO, now the transition from cash to digital money, then eventually the time will turn to cryptocurrency.

While there is a pandemic outbreak coronavirus spreading many people getting affected rapidly and some of them warns other people to avoid too much attached to the things because today the virus is not only can transfer through physical contact but today the virus already involve and it is airborne now and can be last long up to 13 minds in the air and can be attached now on the things we have and one of these is the physical money and ATMs because the money comes from different people and pass through buying some things and received transfer again by repeated cycle so the money is dirty and sometimes we don't have much time to disinfect our money, also the atm are dirty too because there are a lot of people touching this machine and making some withdraw. So before you touch these things it is better to disinfect first.

Many of us here really prefer to use digital payment in any transaction as it is less hassle and faster nowadays. Plus, during this pandemic, it is safer to use online payments rather than touching a physical money that can also be infected by the virus. The fiat that we are holding can be passed from another person from time to time so probably, physical money are very dirty and you don't know when was your money come out of.

Bitcoin is really good and fast when it comes to transaction you just really need to have a platform where you can use it comfortably. This bitcoin can minimize the rate of transmission of the virus in the world because physical money will temporary be down because of the threat and risk brought by the virus in our country.

Hello everybody. For any manipulative system, including Bitcoin, the financial crisis is the best time for a new impulse. Of course, when using cash becomes unsafe due to a pandemic, non-cash payment methods come to the fore. I think if quarantine lasts for another couple of months, it's time to think about the widespread use of cryptocurrency. Crises are becoming more global and causing more and more damage to the economies of various countries. Only cryptocurrency can replace the old, rotten financial system in which the rich get richer and the poor get poorer with a healthier financial system that meets the needs of all segments of the population.

You said the first time ever, you're right cause since the inception of bitcoin, this is the first time the world is going on such lockdown and looking at the precautives measures given by the world Health Organization WHO, to help prevent the spread and infection of of COVID19, avoiding paper money to certain extent is part of it but what most cryptocurrency believers don't understand is that bitcoin is not a primary currency to anyone even the enthusiasts as the flexibility it offers is still still a maych to the FIAT because most of our bill payments are still in FIAT and as such, it's makes bitcoin and other cryptocurrency an after thought currency and after though currencies do well when the world is flourishing not when everyone is trying to survive

Bitcoin will dominate as the best asset in this financial crisis as we've seen banks and central authority can freely manipulate value and print money whenever they like even some stock market exchange where prohibited from selling by the government. This is not how free market and free money works, this pandemic and economic crisis will prove Bitcoin is way better in payments and as an asset.

I agree just as the automobile was better than the horse and carriage. But eventually, people will grow tired of the Model T.

Trying to time the market is a bad idea, and will end up eating at your brain. The easy answer is to do dollar cost averaging, buy every pay day a set amount, and do this for a few years. This way you buy when it is high and you buy 'more' when it is low. This is one of the most common and successful investment strategies I am aware of for BTC.

Why would someone choose bitcoins to make payments if he/she has more cheap and fast methods of paying? There are many platforms which are a being used by many people to make transactions and I think people have not yet adopted btc to pay for the services because other methods like PayPal and credit cards ets are more convenient.

It is right that people are concerning on digital payment system. In this case Banks have introduced digital banking system, like online banking, mobile banking, internet banking, debit card, credit card etc. through which people can transfer, receive and make payment of money. Bitcoin is also used in such case for specific sectors. In this pandemic situation, demand of these currencies is increasing continuously. The best timefor bitcoin will come when all the countries will permit it and all the people of the world will unanimously receive it.

Unless your are living where local store accept payment directly in bitcoin, there are limited things you can buy with crypto and this is exactly reason why we are all clamouring for more massive adoption. Take for instance, during the pandemic items such as sanitary material facemask are always required for use and are selling fast. Such materials when you ordered for it online through international shopping site might not get to you easily. However, there are other digital currencies are more widely accepted which can serve same purpose such as PayPal

Perhaps, most of the people who use physical fiat cash transaction migrated to their respective digital bank transactions. But for me, it is a good time to spread the word about bitcoin. Not all of the people have opened their bank accounts so we can still convince maybe 3 out of 5 people to try bitcoin out because at this time, it is dangerous to transact with cash physically as it can be a medium for spreading the virus.

Believe me or not, I have my relatives who wash their cash and what I did, is to ask them to use cryptocurrency. Even if they didn't use it, I have proposed a solution for them to think about later.

what you say is the reality that has happened, someone has been hit by a corona pandemic because of transactions with banknotes when shopping. He admitted that he had never been out in order to carry out any activities and just stayed at home. but he goes shopping every morning to buy the necessities of the house and conduct transactions with banknotes. He believes that he is infected because of the transaction with banknotes.

I agree with you that the time is right to introduce more people to bitcoin. because transactions are done with bitcoin through online transactions. but there are separate obstacles for countries that cannot yet accept bitoin as a legitimate transaction. like in my country bitcoin is not recognized and can be used for transactions.

in fact, it is now mushrooming in every country about digital money, and this is now used as the most proposed transaction for security from transmission. so bitcoin must be exchanged for fiat and just buy digital money.

In my opinion in a situation like now Bitcoin will be more useful, and also the possibility of its popularity will increase. Because Bitcoin can
provide solutions for financial transactions without physical contact, so from a health perspective it's good. Indeed fiat is also now able to carry
out digital transactions, but Bitcoin is not a substitute for fiat. But rather as alternative payment, the more options for financial transactions
the better in my opinion.

Currently bitcoin depends on a network of users who buy and sell, all they shareholders. Bitcoin has been empowered thanks to the fact that every day this network grows in confidence, so the best moment of bitcoin is in a certain way a reflection of each of those shareholders who invest and trust bitcoin, every day.

Bitcoin will grow in opportunities as its investors have the creativity to boost businesses, creating systems or ventures, sometimes challenging the traditional system.

Do not wait for the best moment of bitcoin, do in your day to day that best moment;  "pay you in bitcoin!" Yes, and not doing payments with debit/credit, transfer payment.

It's not the best time cause China is launching its governmental digital coin. That's it, guys. BTC will be the same as USD but digital and trackable. So no, it's not the fairytale time now for BTC

For me, it is also the best time to hold bitcoin, it is not only good as a payment tool for transactions but it is also good for a source of profit. Bitcoin is a reliable store of value just like Gold, the only difference is that bitcoin is a digital currency or asset and Gold is not. As recession is active and we are experiencing it right now, our economy will greatly affect those cryptocurrencies that we are using.

These struggles are not that easy to surpass or overcome because we have also different priorities just like handling this pandemic.

Bitcoin should be adopted by other people and this is the right time for them to invest on it because if its price goes high then they wasted the opportunity to have a profit.

You do know that the bitcoin you're talking about is not the only digital payment method there is right?
PayPal has been around since when, 1998? And you still think that bitcoin is going to be adopted and used more than so many other payment methods that are out there?

When the the comes for bitcoin, it's definitely going to get adopted. Stop looking for when everybody in the world will be using bitcoin, just do what you like and stop looking at other people what they are doing and what they are not. If bitcoin is what's working for you and it's accepted fully where you're living, then you can make use of it.

bitcoin growth potential is still very large so it is eligible to become an additional asset, and be a complement to traditional assets such as property, gold, shares, etc. especially this year more and more fundamental factors that can support the rising price of bitcoin in the future. But remember, we must do an analysis first, learn the right investments and strategies, do not FOMO, or you will only panic buy or sell that increasingly makes a big risk.

Yes i agree on that before doing any investment we need to learn first all investment strategy. Because investing is really a risky way to earn we can loss a huge amount of profit or maybe funds if we dont know some investment strategy. I believe that investing is a good way to earn but it is not that easy to earn specially if we invest in crypto, because crypto is always high on volatility and its market is always moving it will always rise and fall that is why it really needs proper timing.

Bro, they are still in testing and it is said that it will be part of their preparation for the 2022 Winter Olympics in Beijing.  (https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.wsj.com/amp/articles/china-rolls-out-pilot-test-of-digital-currency-11587385339&ved=2ahUKEwiivv39ocbqAhXtyIsBHU5FCsEQFjACegQIDRAO&usg=AOvVaw3k6nEOtTTt4peg8VZeA8dT&ampcf=1)And I don't know where did you get the info or maybe you can link it here that bitcoin will be trackable and the same as USD? Though I agree that it is not that best time to use bitcoin since the value of it is unpredictable so people would save it.

There are so many factors to be considered if this time is the best time for bitcoin, i think we need to look at the price,news,etc,.I believe that the bitcoin adaptation is very fast and in the near future bitcoin will become more useful and by that time the price of bitcoin will maybe rise up high and it will become more expensive.

I believe this is the best time for Bitcoin, because the corona virus spread is still ongoing. Bitcoin can be an option for financial transactions,
because using Bitcoin is quite simple and fast. Only requires mobile phones or laptops and an internet connection, we can prevent the spread of
corona virus. No wonder the price of Bitcoin is now rising slowly, the possibility of Bitcoin demand is indeed increasing. Indeed there are other
platforms such as paypal and online banking that are more popular, but now people are more comfortable with transactions using decentralized
currencies like Bitcoin.

I also think that it's pretty sure bitcoin would be one of the payment methods soon. Bitcoin adaptation is currently big in cryptocurrency, so i think this is possible for bitcoin in the future. But with this pandemic times, bitcoin is lame in the market, if this pandemic takes long, it is a good opportunity for bitcoin to invest with and earn in the future.

The factor here is that since Bitcoin is not a physical currency, people should use it to be safe from the virus, that is what we need to consider.

As the OP said, it is really favorable for people to use Bitcoin since they don't need to go outside or they will not be risking themselves from the virus. The problem though is that people are using other methods. There are a lot of other methods to pay or send money without actually doing it physically, that is why we don't think it is not that best time unless it pumps.

It's always been the best time to buy bitcoin and adoption everyday is strong despite the pandemic crisis we are experiencing right now. Bitcoin got dumped during the start of the pandemic because of the panic but still bitcoin able to rise up to the occasion and proved weak hands wrong. It would be a nice gesture that cashless can help to stop the spread of the virus thru online transactions using bitcoin and it clearly one way to do it to stop the pandemic.

Big possibilities as there are already businesses who caters the used of bitcoin as a form
of their payment process.
If more and more big and small companies will start adopting this system it will bring the
hype and it will be recognized globally.


Long holdings to maximized the profits if you have spare money to invest, knowing that there's
a big potential that new ATH will be achieved in the future.

But again we have big problem, the digital era!

I mean it's not like we only have bitcoin as contactless currency or way of transacting but we do have internet banking, Unified payment identification (UPI), wire transfers and all of them are capable making transaction as low as 1 bucks to any larger limit possible.

So again, we can go contactless with the hep of such payment solutions and bitcoin can be avoided. As far as I know businesses whether big or small will always carry forward with traditional payment system and may not even think about crypto currencies.

This is the truth & challenge for bitcoin usage. 

Bitcoin is not popular yet.

In my country almost everyone knows bitcoin's name but they don't know about it.

And i think it won't be soon we will need to wait for it.

Bitcoin is not only at this time, it can be said that the best, from the very beginning created Bitcoin has made the world & humans become better.

It should be, the world must think of Bitcoin as one of the assets/transactions, sell/buy for now on the internet all over the world.
That's the name of the government: "not forbid and not order" for anyone who uses Bitcoin today, many countries do not apply special rules for users of Bitcoin.

The point; taxes, you know every country has the biggest income from taxes, if Bitcoin is officially taxed, maybe at this time, it can be said that Bitcoin is "worth using", this is the main thing why Bitcoin is now becomingdiscussion material in the World.

Not popular in what sense?because there are different meaning of popularization.

Are you serious about what you are claiming ?"That your country everyone knows about bitcoin?" even in most respected and advanced countries there are still people that know nothing about Bitcoin lol.
We need to help bitcoin by promoting this and let people know about this specially those surround us.

There are now business but the problem is it is only few so it cannot yet create hype in different community. Before, there are businesses accepting bitcoin as payment method but now they remove it and cash is only the way of their mode of payment. I ask them why, they said that the price is too volatile and they keep incurring losses that is why they let go the new system that they created. As long as there are business that are willing to accept bitcoin as payment, there is still high possibility that many people will be encouraged to use it.

I can also say, Bitcoin ain't that popular yet, considering the fact that there are less than 10% of population in each country in the world who truly embraced cryptocurrency in general.
I have also stumbled upon an article about the Bitcoin adaption survey, and It says that almost 50% of Americans knew what Bitcoin is, but didn't have a single fraction of it, or didn't used Bitcoin even once. That guy you've quoted might be exaggerating, but yeah you're right, even in the 1st world countries, there are still people who know nothing about Bitcoin.
The process might take many years before we reach the 50% Bitcoin adaption globally.

Italy has tried to do the experience of trading in Bitcoin instead of banknotes, but the matter faces some difficulties, but I see that the use of cryptocurrencies at the present time contributes significantly to reducing the number of infections with the virus, and that bitcoin also affected the humanitarian cases where a lot of aid was provided to countries affected by Before Blockchain I read this in the cryptocurrency news

Yes, this is a good time for Bitcoin. In order to invest in Bitcoin, people wait until the Bitcoin price is reduced. I don't think that there is no specific time for invest in Bitcoin. Before few years ago if you want to how position Bitcoin then you can get your ans. I would like to say this is the time to buy Bitcoin in future you will get profit from it.
 

There are Crypto cards now a days which you can load up with your bitcoins and use at any shop that accepts cards or maybe even pair up with your PayPal wallet. So the problem of bitcoins acceptance is almost solved now, but the only disadvantage in this situation is that you have to pay a premium upon the conversion rates from bitcoins to cash and also the card company charges a regular fee from the card holder's account. We are still far away from direct acceptance of bitcoins in our neighborhood shops.

You can invest bitcoin whenever you want. There is no set time to invest in Bitcoin. Usually people wait when the price of bitcoin goes down and then they will invest in bitcoin. So it is better to invest in Bitcoin as soon as possible because once the price of Bitcoin skyrockets, you can no longer invest here. Of course you remember the end of 2017.

I do not recommend to buy bitcoin whenever you want because it is not suitable for all types of investors and traders. There are traders who usually waiting for the dip because they know that they can buy more bitcoin whenever the price is going down. The best time to buy bitcoin is still depends on who are you and what kind of personality does you have. Do not also expect that the price of the bitcoin will go skyrocket so easily because there are a lot of major resistances. It is funny because most of the expectation of the people are too high when it comes to the price of the bitcoin. They keep predicting but they do not really understand the price action and the trend of the bitcoin.

Be honest, you only think it'll grow because it has done so every single time halvings have happened in the past. And that's okay, it's my thought process as well :P, things might not just look brighter in the future, there will be dark times, what's important is how we deal with these difficult times, so that we can reap the benefits later down the line.

I don't think so, bitcoin is yet to be accepted in many countries. Also, there are already a number of ways on how you can do transactions without using fiat. People are already having transactions online through the use of online services such as Paypal, I don't think that people will just use bitcoin because of the said reason.

Well, you have a good point in a sense that investors must have an aligned interest to crypto. If you are just the typical kind of investor that only cares on having profits, nothing more and nothing less, and don't have any interest in this geek stuff then most probably you won't succeed or do not find any fulfillment at least.

However, I do believe that if you really like something you will exert effort to know that thing very well. Like me, I am not into technologies to be honest. But since crypto gives me profits, I learned to love it and get to know more about it along the road :).

Yeah it is right, it is not good to rely our buying decision just because the price of the bitcoin has a history of skyrocket movement on 2017.  People are mostly says that if "you buy bitcoin today, it is an easy profit and it is a way to become rich." Nope it is not and it is part of the poor mindset because it can be called as get rich quick mentality which is bad for our mind because it makes a weak trader.

If we will buy bitcoin, make sure that we have plan. Plan on what? plan where will be our entry price, plan where will be our invalidation level and plan where we want to sell it. What I said is just a basic and there is still a lot of factor to consider when we will buy bitcoin.

The cashless transaction has increased over the past few months compared to the previous year. At the same time there is not much of usage in bitcoin, which means the usage of payment apps and other form of cashless transaction has increased high. The price of bitcoin seems to be stable above $9000 for the past few months with fluctuations happening within limited price margin.

In this way for investors who prefer to make some earning out of the fluctuation it is the right time for bitcoin based earning.

This is a general time for Online payments, not specifically for Bitcoit. Although Bitcoin will gain more followers at this time as many will switch to cashless transactions so as to reduce the widespread of the virus.. But since there are other means of online payments already inexistence, you can not say it is time for Just Bitcoin.
Sooner Bitcoin will gain global adoption and I must say it won't be aid by such circumstance as pandemic.

I agree with you that it is right time for Bitcoin based earning. I think it is the perfect time for using Bitcoin payment on our daily life. You mentioned that, last few month cashless transaction has increased. so, if we promote BTC more and if every online shop accepts payments on Bitcoin, then I think it will be a great achievement for us. so, it is the perfect time for promoting and investing on Bitcoin. I hope if we promoting Bitcoin, within a few years all the renowned shop will accept Bitcoin payment.

The more we invest in Bitcoin the more its demand will increase This will start the introduction of Bitcoin all over the world The government of every country will support Bitcoin This may be the best time for Bitcoin because Future Dani says the price of Bitcoin will go up. After Halving came the price started going up a lot Now if we hold Bitcoin we will make a lot of profit in the future This will increase the demand for the crypto market.

As what we expected due to the spread of this pandemic, you can actually see it without even looking for data.

I have to agree, what I see mostly now is the usage of digital payment processors and not the cryptocurrency, also as what I've expect. Most of us anticipated that there will be a vast usage of crypto due to the pandemic since everyone is preventing to get infected by physical contacts but that's not the case for crypto, we haven't established it yet so we are not prepared to use it yet, and I think even if we did so, people will still use the stuff provided by the government, the safe one.

Hmmm as the price is at a certain range for quite long time now, it is convincing for every investors to invest now.

From my point of view it's not the best time for bitcoin, it's not even a good time for economies in general as people are running out of money and many are already having difficult to buy the basics, like food. Bitcoin is the last thing they will think about for now.
And to say *digital cash* is preferable as we want to avoid infected paper money isn't a very good argument to make people use crypto currency, because there are also digital money option when using local currencies, so no big deal in using bitcoin from this perspective.

yeah this is the first time that the whole world is in isolation and the very first experience of Human race.
Actually this is what supposed to happen but the problem is the world is not yet ready for adoption.
Paypal has been used constantly this pandemic but Bitcoin does not,though there are many topic that talks about the increase of Bitcoin searching in  Google but seems this is not enough to make the prices Move up that big.

It is right. As long as people don't encourage to use bitcoin, bitcoin will not be used for the payment system. Besides Paypal, people already know another digital money which I am sure that is available in many big countries. The government wants to reduce the use of physical money by using that digital money. They will use another option because many people still don't know about bitcoin.

Now there are many options for conducting financial transactions digitally to avoid the spread of COVID-19. And one of them
Bitcoin can be used for payments, but there are still few people who use it because of its volatile price. So many more people
choose to use online banking. But regarding investing now is the right time to invest in Bitcoin, because the volatile price can
be used to generate profits. Especially now having to work at home and also the unemployment rate continues increased,
becoming the right time for Bitcoin as a source of income.

Yes, as a crypto lover i always agree with you but it would not be because maximum government yet not accepted digital currency so how how you changed the payment method in 3/4 months? But happy news that in this isolation time more people engaged with digital currency and it has been more popular that will help the crypto to go long run.

Everyone is waiting and expecting the price of bitcoin to spike and i am much worried about the economic situation globally and when we will see the cracks in the market and if we see that cracks before the bitcoin rally then it will affect the entire cryptocurrency market as well and if the economy can stand strong till the rally then we are on the safe zone in terms of a rally.

Nothing can really be assured on what would happen in near future but we can presume in that when economic state is heavily damage then its normal for us to think that it will affect other markets as well
yet this would disrupt out the money flow nor even the confidence of investors itself yet they will surely pull off on their investment for the sake of their survival if this pandemic do becomes even more worst
on upcoming months to come.For now we dont have any choice but to wait up on what would be the next move into bitcoin and prepare yourself neither for some sell-off or buybacks
neither of the two since we do only have two options to take and two possible movements that it would make.

Well not everyone one uses cryptocurrency yet, atleast the population of the world that uses bitcoin isn't as much as those that doesn't. I believe by now everyone would have understood that the pandemic dosen't really create a boom opportunity for the bitcoin as the whole cryptocurrency market is a volatile one that trives majorly when the world is in good condition and not crisis. I assure you that people shifted to the usage of mobile bank apps for their daily transactions since the lockdown is still at large in many places

The possibility of the bitcoin market to grow anytime is a reality and those who have bought bitcoin before now had made more profits from their boughts. Bitcoin on a long-term will be the best for anyone in this industry, most beneficial aspects of Bitcoin is the investment mode than the trading means. This year is the best year to buy some handful bitcoin for stash because the bitcoin market will skyrocket next year 2021.

yeah, viruses can be contagious through cash and the only safe way in daily transactions is to use Bitcoin. but most people in this world still don't know the function of Bitcoin or this digital currency because Bitcoin is still taboo in the eyes of the people (for example in the neighborhood where I live). this is the best time for Bitcoin for people who know about Bitcoin and for those who don't know they keep to won't use it.

The problem is not how to make transaction without cash, but can all goods be acquired without cash? Can you take transport by transfer or the use of card, this could be possible if only there will be a great improvement around the world technology. How much are we paying taxi or bike men here,that I will have to use my card, when even bank charges will be higher than what you payed for. You have a very good idea, but it can't really be grounded for now.

Yes your idea is definitely good, but it is impossible for this to happen right now because the internet has not yet reached many places in the world, just like here in my country very few know about cryptocurrency or digital cash because of lack of internet connection.

It was a good idea, perhaps, there's still a lot of hindrances that prevent bitcoin to becoming the top most used currency to support the world in this pandemic. Why? First, not all of the people have internet, some have it, but not all the time they can use it. Second, the people at older age is quite having a hard time understanding new technology such as blockchain and bitcoin. I can still remember, I have some of my relatives who are washing their cash just to make sure they sanitize it and killed the virus. But once I invited them to use bitcoin, they said it is too complicated and is not trusted.

See, the first implication of people to bitcoin isn't that good, mainly because of its past when bitcoin was used as a tool to scam. Also, the information about bitcoin is still not widely spread out, meaning, even if the world needed bitcoin and crypto the most especially in times like this, people will still choose the traditional, thus, I can say, we still aren't prepared for the transition of fiat money to crypto.

Though, a simple way of inviting our friends to try bitcoin will really help, especially if they find it good and did the same thing to their other friends, this way, demand for bitcoin will increase.

I agree with this, now during a pandemic, physical money is a real threat to life and electronic money will become more popular. This should have a positive effect on cryptocurrencies in general. It seems to me that this is already happening in 2020. The pandemic issue is far from complete and we can see various changes around the world that no one expected.

Yes,it very dangerous in our part to use fiat money because it is one carrier of virus but we have nothing to do about it.We still need fiat money to buy our need and i think even covid 19n virus continue to spread,it is not yet the time for bitcoin to become higher or even like as fiat that can be use easily anywhere,anytime. The usage of bitcoin is still limited in different countries. It needs more adoption and acceptance of government.

But majority of the world now has already internet mate so i think that is different issue?
but your right understanding Blockchain Technology is what important thing that we can help this community.
That image has already changing specially when this pandemic happen,as people made more searching about bitcoin and other cryptocurrency.
Yeah in this we agreed,Because we need to help Crypto to be acknowledge of many people,because this is for future.

Not yet! Bitcoin is not fully accepted in many stores or merchandise. Also there is a limited  internet connection and using of data to makr transaction is very difficult. Many countries still not accept bitcoin and other cryptocurrency. We know that it really helps in our situation now  but there is a lot of things to consider and the first is our government.

What about e-money or e-wallet? In my country, using e-wallet has become commonplace and is widely used to buy things, so the problem of using cash when the conditions of isolation are resolved. So the reason is not right in my opinion to buy bitcoin, we know that the bitcoin transaction fee is arguably large. Bitcoin has become an assets, so transaction solutions are still in doubt.
I actually think a lot about the technology because blockchain technology is a very safe technology and the current solution for data transactions and other things.

Those mentioned digital currency are most popular especially from kind of pandemic
situation, people are looking for alternatives.
But bitcoin and other crypto can coexist only the volatile nature is really affecting
everything but the investment side also exist.
To those who understand that chance and willing to take the risk, it's like treating
this side as an investment form.
People will try every possible ways if they see that aside from payment getaway
that earnings also possible chance that they'll be moving inside and start using
or investing inside.

What exactly are you referring to? Do you mean the price, where it will be heading to next? We can’t really predict.
The price has been trading in the $9,000 and $10,000 prices. All it needs is a trigger to make it move to the next price which will certainly be above the $10,000 price.

Nobody can actually tell you when that is going to be, just invest now and have patience, unless you’re a professional day-trader. If you can’t day-trade, you can just be HODL’ing for the time to arrive. There are lots of events taking place and they will definitely help to trigger the bulls and move the price up.

Through the use of technical analysis, we can have an idea where the price will go but it doesn't mean that we can fully predict it. The price of the bitcoin is in sideways so there is a 50-50 chance that it will become bullish if there will be a breakout or it will become bearish again if there will be breakdown that will happen. There is a major resistance at $10,000 for sure that the price will not easily surpass it because the supply is too big in that area but anything is possible after all, if the price breaks it; expect that there will be a price rally.

Yup, same with my country as well, in this time of uncertainty, no one really wants to jump with a great risk, they need a less risk way of storing their money, they can't afford the risk of volatility right now, so if he is talking about cashless payments, then e-wallets and online banking are the best way for those people. They won't really want to jump right away here just because someone told them its cashless here, unless they spend some time learning and reading a lot about crypto and btc.

indeed the best time to buy and accumulate Bitcoin is now, in the area of $ 9000 is a good support for Bitcoin, if it does not last it will be to $ 8500, just buy gradually so that your risk of loss is less

Nope that is not true because this pandemic gives people opportunity to look for another option to use as payment without physical contact and not even using banks and ATM.

this come the situation that maybe other people now are starting to realize and also chance of putting their money as investments in this volatile market.
actually the best time to accumulate is last march.

When the price of bitcoin Hardly fall to $4,000 level and that is the perfect call for "Buy Low Sell High"

Buying gradually although decreases the amount of risk that you are taking but it also reduces the amount of profits that you are gonna make in the future from your investment as in the future price can also rise a lot and at that time you will be having the bitcoins that you brought at a higher rate which translates to less profit when you sell your coins when the time comes. Although if you are always right in predicting the dumps then you should wait for the dump and then buy, but I am always buying coins with guts and if I make a mistake then I learn from it and try to not do it in the future.

Uhmm from what I see, if you are going to buy bitcoin now that might be a regret soon, I got a feeling that the price will get low to $7K again before getting a huge pump. The price is good for anyone to buy, such  strong support in $9K range but until when? when it will break? and if it breaks where it will go, up or down? During this strong resistance, it is really hard to predict, it might jump any time soon.

e-money or e-wallet indeed has become commonplace in every country to use this service because their voting is strong so this will guarantee risks when things go wrong.
Bitcoin is difficult like e-money or e-wallet is because of their lack of stability so this can pose a big risk when there is a crash in the market and therefore it will be more difficult if bitcoin is used like that the government is not ready to do this.

I agree if our daily transactions can use Bitcoin is very well, because it's easier and safer in situations like now that are still happening
spread of COVID-19 to use Bitcoin. Bitcoin transactions do not need physical contact, so they can avoid being infected by COVID-19.
Moreover, the price of Bitcoin has been more stable these past few weeks, so now it is indeed the best time for Bitcoin.

Bitcoin is a trusted currency in the crypto world. I don't think there is a need for time to invest in Bitcoin. If you have the capital to invest, invest now. The sooner you invest, the sooner you will reap the benefits. I also believe that using Bitcoin can play an important role in those who want to stay safe due to the Covid-19 virus.

Cost averaging is that strategy. There's a small risk with this strategy but you have to be a bitcoin believer before you apply this strategy. Just like the stocks folks, they do this strategy. If they think that they've bought earlier and the price goes down a bit, they'll simply buy and just sum it up to their current asset. Too many factors to choose from why bitcoin is one of the assets which is in best shape to buy.

Even though we are heading towards digitalization brought by our experience this pandemic to keep ourselves away from physical contact to avoid getting infected, still people are not being encourage to pursue adapting into using Bitcoin mainly because there are still lots of ways on how people can easily go cashless like using credit/debit card which is provided by their bank once they apply for it, also there is digital online banking that is accessible to any devices and as well as the usage of many apps where you can link your bank account details to pay for your purchase in cashless manner.

As long as people can do such things I have stated above, people can still have a choice not to get into Bitcoin. But it doesn't mean that there is no open possibility for Bitcoin's best to come. It will soon come but as of the moment, people certainly focus on more accessible things to them because adapting into using Bitcoin is not that instant for you still must consider learning how to use it and know if the place where you belong accept or adapt using it. Just like here in our country wherein we are discouraged to use any cryptocurrencies which makes it no sense for people to get into Bitcoin. Though we are not prohibited, still we are stated to use it on our own risk only by our government. Adaptation and learning must be observe first so people will decide to get into Bitcoin.

Yes using bitcoin will actually benefit us as it will prevent the spread of infection because it is a contactless payment method and you can send it to anyone without a contact. But still most of the people recommend using PayPal or credit cards to transact as it is fast and also the money that you put inside these wallets will always remain constant not like the volatile cryptocurrencies where you went out to buy groceries with $69 in your hands and when you had to pay then their value remained 34 or maybe increased to 71. But I only invest in cryptocurrencies only for the purposes of holding it till the end of my life and not for transacting with it.

I probably agree that bitcoin is a good alternative for physical money especially at the time of pandemic or COVID-19, having digital transactions probably might prevent getting the virus.

This bitcoin should be implemented especially at this time but probably a lot of countries cannot totally implement bitcoin because they are not really exposed to this kind of technology.

Yes it is the advantage of online payment but this doesn't mean that only Bitcoin could be used for online payment or transaction.
We have paypal and other Fiat online wallet that we could use so if the government promotes online payment I am sure that they wouldn't promote crypto since they are against it they would promote other services.
And we couldn't really tell if it is a good time to invest because of that statement it doesn't mean that the people would just go in and invest in crypto.

Bitcoin is one way  we hope that helps for easy transaction that can avoid virus to transfer to others. But everything is depends on the government decision if they will accept crypto as abetter way for a cashless transaction. Also there are so many things to consider if bitcoin can be use as a cashless transaction.The internet connection and the stores or any business establishment that can accept it as payment method.