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Author Topic: Bitcoin was created for time like this!  (Read 464 times)
ethereumhunter
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March 22, 2020, 02:20:50 PM
 #41

If the investor can see the benefit of bitcoin, they will use bitcoin, but many of them still use the traditional way in the transactions, and only a few of them will have an open mind with the new thing that can help them to survive. During this crisis, people can use bitcoin to buy their daily needs, but unfortunately, only a few countries that already accept bitcoin/crypto and the rest of the country still use fiat to buy their daily needs. Maybe soon, crypto will be accepted in all countries so they can still buy something even if the fiat cannot be used.

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March 22, 2020, 03:28:07 PM
 #42

The market behavior that see bitcoin down to $3900 and bitcoin follows stocks, commodities and oil in all time sell off on Thursday should not discourage the bitcoin enthusiasts because people did not understand that bitcoin was created for time like this.
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.

Well, we can't really say that bitcoin is a safe-haven investment. It did give investors and traders profit but we all know the features of bitcoin and it is the opposite of a safe-haven investment. In terms of the blockchain technology, I read here in the forum that it is an expansive investment so I don't think they would be interested in that so easily.

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