Lizzylove1
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Christ The King
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March 17, 2020, 03:17:03 AM |
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With the current realities on ground, people may be encouraged to use digital currency but a stable coin will be most likely advised to avoid people encountering losses due to bitcoin and altcoin volatility. Cryptocurrency is easier and faster than all these itune and gift card.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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TheGreatPython
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March 17, 2020, 04:00:38 PM |
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Did you also see the news that they are rushing into WeChat Pay which has been a popular payment method there for long?
Bitcoin is really lacking, there is a level of adoption I wish that Bitcoin will attain. If companies like Amazon and Alibaba will start adopting Bitcoin as a payment method on their site it’s really going to help boost the adoption for Bitcoin. Whenever people wants to make payment on these platforms they will always see the Bitcoin option and when they see it regularly they will be urged to try out Bitcoin. I’m seriously looking forward to this.
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CaVO32
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March 17, 2020, 04:21:24 PM |
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Did you also see the news that they are rushing into WeChat Pay which has been a popular payment method there for long?
Bitcoin is really lacking, there is a level of adoption I wish that Bitcoin will attain. If companies like Amazon and Alibaba will start adopting Bitcoin as a payment method on their site it’s really going to help boost the adoption for Bitcoin. Whenever people wants to make payment on these platforms they will always see the Bitcoin option and when they see it regularly they will be urged to try out Bitcoin. I’m seriously looking forward to this.
it is only a matter of time when will they integrate bitcoin as part of their payment method. i believe, with what we are experiencing right now, they will seriously look into it. this is one of the perfect situations where crypto can be used as payment method without using the paper money in the process. and you have a point on that, if people will constantly see the bitcoin option, they will surely try at some point. and if they have smooth experience, they will definitely try it again next time and aside from that, they will endorse the crypto usage to their family, friends or colleagues. word of mouth is a very powerful marketing technique out there. |
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bison
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SmartFi - EARN, LEND & TRADE
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March 17, 2020, 04:44:54 PM |
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With the current realities on ground, people may be encouraged to use digital currency but a stable coin will be most likely advised to avoid people encountering losses due to bitcoin and altcoin volatility. Cryptocurrency is easier and faster than all these itune and gift card.
people's tendency to use crypto in trading or as a means of payment is very low. most of them make short trades to benefit from the movements in the market. functionally crypto as a means of payment I think is still not realized. |
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Utoy101
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March 17, 2020, 11:08:58 PM |
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I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today. Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?  The whole thing supposed to be as you suggested, literally the pandegic ought bring moreusage to the use of crypto tokens as traditional cash are not currently suitable as means of payment but cryptocurrency market isn't the only affected investment option out there.... The virus caused a global crisis that has affected the smooth running of the entire world.... I'm sure the cryptocurrency market will bounce back once this pandemic disease is over |
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flagpara
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March 17, 2020, 11:46:43 PM
Last edit: March 18, 2020, 01:12:12 AM by flagpara |
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I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today. Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts? This could be good to use cryptocurrency instead physical cash. Stock exchange money can't be use as a digital currency, so it should dump but crypto can encourage people to use it as a digital currency. Although China almost control Corona virus in their country and market will recover price. |
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Abiky (OP)
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www.Crypto.Games: Multiple coins, multiple games
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March 19, 2020, 12:05:57 AM |
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It could happen if the government allows the crypto to be used as the payment. Maybe people can shop their daily needs online, and they can pay using crypto, but so far, they can use their debit/credit card to pay, so I don't think it will happen soon. The government concern about finding people and how they can cure the virus, but if one country is collapsing because of the virus, then maybe that will encourage people to use crypto for the payment systems because they can pay from their home without going to the local store.
I believe that Debit Cards are also an easy way to get infected with the coronavirus since cashiers use to touch them in order to process your payment at a retail store. Being cashless with truly digital payments removes this issue. In a world where the economy is collapsing, people will lose trust in central banks worldwide. This will pave the way for the growth of decentralized finance via the use of crypto and Blockchain technology. By making payments in a truly digital way (no physical cash or cards required), people could easily avoid spreading the disease worldwide. After all, it's no secret that physical bills/banknotes are in circulation. They pass between many people's hands which proves to be an extreme risk to everyone in the mainstream world. Debit/credit cards can be used to pay at stores physically, but some cashiers take your card to process the payment. The safest best is crypto where money is truly intangible and safe from emerging diseases in the real world. The fact that crypto is extremely volatile in price, could scare away many people as we know them. For once, Bitcoin was hailed to be a store of value and a safe-haven asset that would protect you in times of need. Last Thursday (March 12, 2020), Bitcoin has proven us wrong as it lost 50% of its price in a single day. It's this reason why it's hard to attract people into using decentralized cryptocurrencies for daily payments. So far, national currencies (Fiat) are the winner when it comes to price stability. Most people have resorted to cashing out precious metals and even crypto in exchange for Fiat in times like these. Saying that people will use crypto more thoroughly with the recent events of the coronavirus disease, it's more like a dream than anything else. Of course, anything could happen in the future since Bitcoin and crypto are still in their infancy. As they mature, they could be used as a "safe-haven" against the existent monetary system. In the meantime, Fiat will be used in times of turmoil until the banking system collapses in its entirety. Only then, people will resort to alternative forms of money that are free from a central authority. I hope that someday, crypto will be used more thoroughly when undesired events happen in the mainstream world. Just my thoughts  |
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fortunecrypto
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thecryptocurrency.directory
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March 19, 2020, 12:25:08 AM |
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I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today. Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts? Cryptocurrency should be use at this point in time but so far no government is taking the effort to recommend such usage and implemented it thoroughly, many have undermined it's usage instead people dump their share and converted it to fiat, because with fiat they have lot of option to use it in hoarding foods and other basic needs. |
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lienfaye
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March 19, 2020, 12:35:05 AM
Last edit: March 19, 2020, 01:15:32 AM by lienfaye |
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Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts? I dont think so, because if they will consider using crypto during this time the market would not be in red status. Its just an option when it comes to online payment and fluctuations are not suited for people who want to use it for transaction and not for investment. Nevertheless thinking that the current situation can give other people an idea about crypto is good either way because it can spread awareness about its existence and might convince others to use it. |
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leowonderful
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Bitcoin FTW!
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March 19, 2020, 01:04:49 AM |
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I don't think so at all considering credit and debit card payment is so prevalent and much more familiar to consumers than cryptocurrency. A lot of people are scared of using crypto from recent volatility including the large dump with BTC that we had earlier too, which doesn't help at all. I could see some more crypto usage in regards to things like online gambling, but most people looking at online gambling will also likely use debit or credit card payment. I wish more people would use crypto, but nothing's really pushing people towards using it at the moment and most regular people do not have any interest in it.
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senin
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March 19, 2020, 05:11:23 AM |
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Now many states are disinfecting their cash or quarantine it when it enters central banks. This is one of the measures taken to combat the spread of coronavirus. Some states even explicitly call at this time to make more use of various non-cash forms of payments. This is unlikely to significantly increase the use of cryptocurrency, because it is not yet so liquid in society. Most likely, states will accelerate work on the issue of their national stable coins.
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rahmatullah9305
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March 19, 2020, 05:25:08 AM |
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With the current realities on ground, people may be encouraged to use digital currency but a stable coin will be most likely advised to avoid people encountering losses due to bitcoin and altcoin volatility. Cryptocurrency is easier and faster than all these itune and gift card.
Yes, and at the moment we can also see that stable tokens like USDT have experienced a very good increase in prices slowly, this proves that more and more people are securing their assets into USDT tokens for a while. |
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CryptopreneurBrainboss
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eXch.cx - Automatic crypto Swap Exchange.
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March 19, 2020, 05:45:30 AM |
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Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts? You stated clearly that people will look for other ways to spend their funds safely but that can't be said about the industry at the moment especially after the massive decline of price it experience during last few days panic bloodbath. People will look for other ways to avoid having contact with others while they transact and at the same time keep their funds safe therefore if anything related to the cryptocurrency industry was to benefit from this are stablecoin since the volatility nature of this coins are minimum when compared to others like bitcoin. Assuming the industry was experiencing some stability as it was previously observe then it would had been easier to attract new enthusiast but since it couldn't be considered as a safe heaven as it was previously presumed, it's now more difficult to present the technology as the solution instead digital currencies will be considered a perfect solution by the noncoiners. |
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CHENIEN
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Decentralized Ascending Auctions on Blockchain
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March 19, 2020, 06:05:59 AM |
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there's is a point because previously the number of acquaintances is limited into the crypto world, and then it is suddenly increasing since there was a bad news outbreak about a cash payment which is very risky, and probably many people will encourage to use crypto for their daily basis, and they realize that online payment method is a good solution to prevent virus contact.
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bgaf
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Worldwide Payments Accepted in Seconds!
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March 19, 2020, 07:20:40 AM |
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probably many people will encourage to use crypto for their daily basis, and they realize that online payment method is a good solution to prevent virus contact.
This is common sense, of course online transaction limits the contact from different person, but there certain factors why crypto isnt ready for it yet. First, this isnt regulated meaning, government awares the existence of this however even it is useful, they cant recommend it to mass people inspite of its usefulness. Also, not all people are know cryptocurrency and needed some background learning. This is applicable maybe to those countries that recently announced legalization and support for crypto such as India and South Korea. |
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trauchot
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March 19, 2020, 08:21:19 AM |
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With such rapid drops, now many investors will think even longer and more carefully whether it is worth investing in a cryptocurrency that can turn all their investments into nothing in a day, so we should not expect a fast growth of the cryptocurrency market.
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slashz9
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March 19, 2020, 08:59:29 AM |
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maybe because it's still in this incident, people would think of using digital currency for a while (but most of it is not crypto)
in my country too many have used digital transactions such as online taxi payment, ordering food and others, but the thing to remember is there is no crypto here, only the concept is applied.
because people still use their own currencies, only digital transactions.
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Lexurdania
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March 19, 2020, 09:20:50 AM |
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maybe because it's still in this incident, people would think of using digital currency for a while (but most of it is not crypto)
in my country too many have used digital transactions such as online taxi payment, ordering food and others, but the thing to remember is there is no crypto here, only the concept is applied.
because people still use their own currencies, only digital transactions.
Because there is currently no country that authorizes the use of cryptocurrency as a means of payment, other than that not many people understand about cryptocurrency so that not many merchants accept crypto. I think cryptocurrency will still be considered a digital asset because there is no government regulation yet |
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TheClownSong
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solidtradebank.com | 5%-15% Welcome Bonus
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March 19, 2020, 09:35:09 AM |
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With such rapid drops, now many investors will think even longer and more carefully whether it is worth investing in a cryptocurrency that can turn all their investments into nothing in a day, so we should not expect a fast growth of the cryptocurrency market.
When compared to the decline in stock indexes in several countries, I think the decline in prices and marketcap value is still slightly lower. I think the current price decline is due to a brief panic and it is possible that in the next few weeks the crypto market will recover due to the moment of Bitcoin halving and also the interest of new investors. |
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Vanessamix
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March 19, 2020, 09:42:59 AM |
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With such rapid drops, now many investors will think even longer and more carefully whether it is worth investing in a cryptocurrency that can turn all their investments into nothing in a day, so we should not expect a fast growth of the cryptocurrency market.
When compared to the decline in stock indexes in several countries, I think the decline in prices and marketcap value is still slightly lower. I think the current price decline is due to a brief panic and it is possible that in the next few weeks the crypto market will recover due to the moment of Bitcoin halving and also the interest of new investors. Current world situation could lead people to make more wise decision, but that doesn't necessarily means they will invest into crypto tho |
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