What can we do if it is really necessary to convert bitcoin to fiat when you lack of resources during this quarantine? It is how you manage your assets, you will not sell all of your btc, you will just get some amount that will serve as your budget to survive this quarantine. We don't have any idea when this Covid-19 pandemic will end so it can't be that we let ourselves starve for the sake of crypto. Converting some amount will do, but still you will hold your btc because you know htat the price of bitcoin will still recover from $6500 to $10000 or up. Bitcoin is volatile and we also have no idea when this bitcoin will increase its price again so it is better to be prepared in this pandemic than to wait for something that is not certain or unsure.
I agree, and it's what I keep saying when people say, "Oh, I hope the world ends and the banks all die and economies crash because then Bitcoin would be worth $1 million". If all that bad shit happened, people would be buying food and essentials. Toilet paper maybe even, not hoarding even more bitcoin. Besides, if fiat truly collapses, then $1 million won't be worth squat.