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Author Topic: Isn't this the best time for Bitcoin?  (Read 1351 times)
Yatsan
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July 18, 2020, 03:42:49 PM
 #121

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.

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July 18, 2020, 04:14:47 PM
 #122

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.
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.

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Asuspawer09
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July 18, 2020, 04:50:14 PM
 #123

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.

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.


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July 21, 2020, 10:53:27 AM
 #124

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.
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.
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July 21, 2020, 12:31:06 PM
 #125

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.
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.

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