CORONA Spreading in many countries. Bitcoin is one Solution for Transactions!!

[Chrystora123]

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol

There's really a chance though. It's just that it won't really happen in a snap of a finger. It's just going to take time. A LOT of time. Bitcoin's liquidity is simply not there yet. But in the future? Maybe. Time will tell.

You're right, it's not that easy and brief to make cryptocurrency generally accepted by many people, it takes time and complex education.  but I think "ready or not", the world government must start to educate about cryptocurrencies because "Stable Coins"can already be one of the legal payment instruments.

btw.. thank you for the positive opinion expressed in this thread.. hopefully, the spread of the Covid-19 virus can be reduced immediately by WHO, so that the panic disappears and the world returns to normal.

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[kryptqnick]

Bitcoin is an option when something like this happens, but it is not the only one. We have several other online payment options, of course. But we really have to do away with hard cash for now, and even cards, certificates, stubs, and anything that will require people to make contact with one another. Accordingly, the virus may actually settle in the fibers of money or paper. That is why paper bills are already passing through a disinfection process before released to the public once again. But if possible, people should just choose online or crypto payments.  

Anyway, I am seeing how COVID-19 is shaking the world in a way. If I may add some effects of COVID-19 to the world's day to day life.

• Classes are suspended.
• Flights are cancelled.
• Conferences, seminars, training, meet-ups, and even nationwide exams are either postponed or cancelled.
• Stocks and replacements of goods are drained.
• Religious services have been cancelled or done online.
• Tourism hits the bottom.
• Discrimination are somehow awakened.
• Panic buying of masks, disinfectants, and even food.
• Unemployment is rising.
• Shares are falling in many countries.
• Streets, markets, parks, etc. are deserted.

Bitcoin is a good thing to pay for stuff without touching anything. There are more than 700 cases in France, and I am starting to wonder whether this could push to the decision of recognizing Bitcoin as legal money there... As for other effects, it's quite terrible. We were organizing a conference at our university which was supposed to happen in less than two weeks, but two days ago an official statement banning conferences and other events that unite many people in one place... I just wish Bitcoin could help with stuff like that as well, I guess 

[gundala]

The plague caused by the Covid 19 virus really needs to be watched out, but remember, do not spread panic but provide useful information and provide as much help as possible to prevent the expansion of this outbreak. In fact, even though this is quite dangerous, many people who contract the virus can recover. By implementing a healthy lifestyle and good hygiene habits can reduce the risk of contracting.

Regarding the use of cryptocurrency to prevent transmission of the virus by contact using money media, I think there is already an e-money that is more effective and widely used. Many effectiveness is superior, including the legality, so there is no need to rush to use bitcoin, in fact, there are still many people who do not understand.

1. Kab'ah empty
this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).

I was quite sad to see Mataf in the empty Kaaba which is usually filled with Muslims for Tawaf. This really makes my heart tremble, when God puts the test, this is where we have to be truly grateful for our health.

[joinfree]

I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.

[DooMAD]

I'm still not sure I understand the hysteria over all this.  Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day. 

Plus, as others have said, there's likely very little impact on Bitcoin in terms of adoption because people supposedly don't want to handle physical cash.  I think people are just looking for an excuse to be bullish on speculation.

[Twentyonepaylots]

I'm still not sure I understand the hysteria over all this.  Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day. 

Plus, as others have said, there's likely very little impact on Bitcoin in terms of adoption because people supposedly don't want to handle physical cash.  I think people are just looking for an excuse to be bullish on speculation.

Are you saying that the internet is just over reacting to corona virus? cause this is definitely true that there are plenty of people dying jsut because of a simple flu and not being reported on the news, but the fact that the virus is news people should be aware of it. Bitcoin could potentially be used on this kind of situation like in China, Korea and other countries that have been hit by the virus.

[squatter]

I'm still not sure I understand the hysteria over all this.  Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day.

That's the most reasonable opinion in the room, I agree. It's the fear of the unknown that's driving all the hysteria. At this stage, we don't fully understand how COVID-19 is spread, and it seems to spread much more easily than similar viruses:

The new virus spreads much more readily than the one that caused severe acute respiratory syndrome, or SARS (also a coronavirus), and has infected more than ten times the number of people who contracted SARS.

Genomic analyses of the new coronavirus have revealed that its spike protein differs from those of close relatives, and suggest that the protein has a site on it which is activated by a host-cell enzyme called furin.

This is significant because furin is found in lots of human tissues, including the lungs, liver and small intestines, which means that the virus has the potential to attack multiple organs, says Li Hua, a structural biologist at Huazhong University of Science and Technology in Wuhan, China, where the outbreak began.

People are also fearful since it could take more than a year to develop a vaccine.

[carlisle1]

we can see data in real-time from this site about Covid-19 Virus (Corona) which is currently serving almost all over the world

how accurate the data was?aside from it was released by such coronavirus world?actually the truth is no one can give the exact details because even Chinese government is hiding the real scores.

3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

what is this all about?is this interesting?who cares if people don't Shakes Hands this cannot effect the world mate so why need to Put this here in serious discussions?

I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.

Unconfirmed Transactions?lol you mean if the whole world happens to adopt Bitcoin we cannot sustain the transactions faster releases?if this is the truth then Bitcoin dont need to be for the whole world?being in Bitcointalk and a cryptonians you are the one who first Believe and support the process and not this way.

[TimeTeller]

we can see data in real-time from this site about Covid-19 Virus (Corona) which is currently serving almost all over the world

how accurate the data was?aside from it was released by such coronavirus world?actually the truth is no one can give the exact details because even Chinese government is hiding the real scores.

3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

what is this all about?is this interesting?who cares if people don't Shakes Hands this cannot effect the world mate so why need to Put this here in serious discussions?

I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.

Unconfirmed Transactions?lol you mean if the whole world happens to adopt Bitcoin we cannot sustain the transactions faster releases?if this is the truth then Bitcoin dont need to be for the whole world?being in Bitcointalk and a cryptonians you are the one who first Believe and support the process and not this way.

There are several articles that there are corona-related deaths that are not included in the tally.
This is just the tip of the iceberg. And learning Chinese mentality, they really have some issues in providing the real truth.
If they can mask it, they will. But they can't mask the worldwide deaths owed to this Covid.

https://www.scmp.com/news/china/society/article/3050311/its-pneumonia-everybody-china-knows-about-many-deaths-will-never

https://www.wsj.com/articles/relatives-wonder-whether-pneumonia-deaths-were-tied-to-coronavirus-11579915630

[yazher]

This can help to prevent other people from using Paper Money (Fiat Currency) Especially when paying their bills and you have to leave the house to fall in line with those offices to pay.

1. Water bills
2. Electricity bills
3. Internet bills

And it is risky to our safety because we are exposed to many people where we are at high risk of contracting the virus. So hopefully the government has taken a step towards this.

~ Actually here in my country this is happening, We can now pay bills with digital money and crypto currency.

In our country, if you pay those bills manually you need to go to their outlet with lots of people and mostly crowded that will make you prone to be infected with the coronavirus. Thankfully, we have coins.ph that will let us pay those bills with bitcoin without going out to their outlets and at the same time we can get some cash back with its current promotions.

[carlisle1]

we can see data in real-time from this site about Covid-19 Virus (Corona) which is currently serving almost all over the world

how accurate the data was?aside from it was released by such coronavirus world?actually the truth is no one can give the exact details because even Chinese government is hiding the real scores.

3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

what is this all about?is this interesting?who cares if people don't Shakes Hands this cannot effect the world mate so why need to Put this here in serious discussions?

I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.

Unconfirmed Transactions?lol you mean if the whole world happens to adopt Bitcoin we cannot sustain the transactions faster releases?if this is the truth then Bitcoin dont need to be for the whole world?being in Bitcointalk and a cryptonians you are the one who first Believe and support the process and not this way.

There are several articles that there are corona-related deaths that are not included in the tally.
This is just the tip of the iceberg. And learning Chinese mentality, they really have some issues in providing the real truth.
If they can mask it, they will. But they can't mask the worldwide deaths owed to this Covid.

https://www.scmp.com/news/china/society/article/3050311/its-pneumonia-everybody-china-knows-about-many-deaths-will-never

https://www.wsj.com/articles/relatives-wonder-whether-pneumonia-deaths-were-tied-to-coronavirus-11579915630

you got exactly what i am trying to impose here int his topic because every updates seems to be only releasing the truth for the other countries but from the Main affected country in which China?i doubt that they are telling is all the real score so for me lets not count what they say instead let us focus from the countries outside chine that is very alarming now because the cases is really increasing like in our country,though we have only small cases yet today our own City declared that we have a infected for the first time.

Let us all care for our community and most specially for our family members.

[Debonaire217]

I think there is a proper procedure on how the government should burn the cash or money that is circulating in their economy. First, they need to identify serial numbers and records it, once they've recorded it, that is the time they could add a volume to an existing cryptocurrency if they have it. Mainly to avoid confusion and creation of money that could result to huge inflation rate and might affect their economy negatively.

As an alternative to transactions using cash, bitcoin isn't the only one we should consider, but to think and choose most appropriate currency and I think the best option is to create one that will be best suited for one's financial economy.

[xvids]

I like the idea but we should be more realistic here,
We know that online payment is the best solution for now and it would depend on each country if they would use crypto or just make an online wallet with their own currency.
And I think it is great to finally move into cashless society.

[camito]

we can see data in real-time from this site about Covid-19 Virus (Corona) which is currently serving almost all over the world


source: https://www.worldometers.info/coronavirus/

many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;

1. Kab'ah empty
this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).

2. Prices of spare parts (electronic devices & vehicles) are rising
China is famous for its counterfeit goods (KW) and cheapness, as a result of the spread of this virus many countries have shut down (export-import) to or from China.

3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

there are many more effects that occur and I can not explain one by one here (because it must be too long) 

if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)?? 

This is the time we really use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona). 

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)

You can't just neglect money. It is essential for a country's growth and development because not just it measures how well the government can provide for its people but at times like this, where there is a massive spread of virus, it is very important to survive. It's been proven that the virus can be spread through touching surfaces that has been touched by someone infected. Money, first and foremost, is the most likeable instrument of the spread. Yes we can use sanitizers and alcohol for disinfection but currently, we know that there is a shortage of medical supply for most countries. The solution that we can see for now is online transaction and the use of Cryptocurrency. We have heard news about different countries using Bitcoin for transactions, payments, and bills. Though people can use online banking and non-banking apps and softwares on their phone and computer, we really vouch for the safety of Bitcoin among users who are afraid of being infected. For those who aren't in the field of regular banking, Bitcoin can be useful.

[Casdinyard]

There's already quite an information regarding the correlation of bitcoin and coronavirus issue. According to the article created by cointelegraph here, the traffic of about the searches concerning "Bitcoin Coronavirus" is now more than the traffic for the searches about "Bitcoin Halving".

What does this signify?

IMO, people are now looking for the possible ways they could transact and they find bitcoin as a method to do so. With the spreading of Corona virus, there's no doubt that paper money is one of the factor for the spread of the virus.

[mohdk52]

I still don't understand why the coronavirus affects the price of bitcoin to such an extent?

[LittleJadiel]

So you're pretty much saying that Bitcoin is the only way we can transact in a cashless manner? I mean, I'm a huge ass bitcoin bull in the long term but you might want to think realistically. Let's not act as if online banking and online payments platforms like PayPal/Venmo/CashApp/etc doesn't exist.

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol
Without even having second thoughts that theres already a way on making cashless transactions even crypto doesnt exist.
They do really believe that they will consider it out? Im sure it won.

For now there might be some show of interest but doesnt mean that it will be considered generally.

Theres a high chance, especially with the current state of the market - we're talking about decentralization after all.

[shoreno]

lol seriously ? bitcoin wont have a value if no physical money flow on it    .  imagine if there will be no people going outside to cash in ( fiat to btc ) and will only sell and sell btc if they have remains  .

 the value of btc will just keep on decaying until it comes to the point that itill drop down to zero  . gee that was scary thing to happen on bitcoin   . also how can one obtain a bitcoin if he will not cash in using his fiats   ? working online to earn a bitcoin is now getting tougher because of the competition and popularity of btc

[tsaroz]

Bank notes are one of the dirtiest thing people touch everyday. They carry different viruses, bacteria and other microbes that gets transferred from one person to another. The case of coronavirus is another reason why we should totally ban cash. Though doing that may make it easier for the government to prohibit it's people from trading and transacting crypto with fiat.

[Pffrt]

Corona has been detected in Bangladesh too. 3 people were found infected in our country. Bangladesh is in a very risky position for this type of virus and can go epidemic within couple of days because of the lifestyle of Bangladeshi people. How can Bangladeshi use crypto while most of the people have no idea about this? However, the recent inflation may at least force people to find alternate of fiat.