How bitcoins is helping during the lockdown

[Twinkledoe]

Personally, the only way I see bitcoin and cryptocurrency helping people in the quarantine country is through daily trading. And this has so many advantages and disadvantages depending on the understanding level of the person trading. But I don't really see bitcoin helping people during this lockdown. It takes a lot to understand daily trading of bitcoin in order to maximize profits...

One should not dive in crypto trading if he is still fresh in this market. He will just end up losing all his money. You are right, it depends on the understanding level of the person. Because crypto is very volatile and the movement is really unpredictable, you are taking high risk here. And I guess, this is not for newbies.

But one thing the OP suggested, by joining campaigns, is good. But it will take time for a new one to be oriented in this kind of activity. At least he is suggesting something here, an option to look at. 

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[Sadlife]

Lockdowns will not stop the virus from spreading. It will still spread, although not as fast, and will cause panic and chaos if it takes months to be lifted. If people are not going to be tested for the virus, a lockdown is not of much help. On the other hand, we have the recent 17yo boy from South Korea who's been tested 8 times in a row with negative results and then died; after his death, the DNA resulted in a COVID-19 positive. So now I'm wondering... how useful is testing in reality?

Making someone invest in cryptocurrencies during these times is a possible game-over for them in my opinion. You don't want BTC to fall down once again and remind yourself about the family you tried saving by convincing them to invest in BTC - the family has much less money now thanks to your suggestion. And now if they want to get back their fiat, the process involves the possibility of getting scammed, the commissions and, if these weren't enough, they'll have less value than they started with in the end.

Advertising the forum, on the other hand, is a completely different thing. Let them know they can gather a lot of knowledge by spending their time on BitcoinTalk during the lockdown. After a while, maybe they'll be part of a signature campaign and will stack up their BTC. 2-in-1.

To be honest, Bitcoin isn't helping me very much during the quarantine but the forum is. It's helping me very much actually. Spending time on here makes time pass way quicker so there's less time to think about the worst.

The lockdown is used to delay the virus, yes it's not a guarantor to stop it but what our government is planning is to wait until the recent vaccine that's been submitted for testing gets approved. I think that's they're planning to do.
If they dont implement a lock then it will be a huge massacre like in Italy.
As for me, Bitcoin is helping a lot especially with no other sources of income and a family to feed. This is a third world country so $30 a week is enough.

[hatshepsut93]

Investing in Bitcoin when you are doing poorly financially is a really bad thing to do, you can't afford to gamble in that position. Even if Bitcoin goes to the moon in a few years, there will likely be a lot of uncertainty soon. Campaigns are also bad - they don't pay much and you have to be a high ranked member to join them, so it takes time and a lot of work to rank up (earn merit). You should have instead pointed him to crypto freelance platforms, but even those things aren't going to help much, the traffic over there is very small.

Bitcoin isn't a solution to any financial problems, it was created to solve only one problem - the problem of freedom. For example, if you want to leave a country and take your money with you, then Bitcoin can help.

[maxreish]

That's a great use of bitcoin in case of this situation we are facing. I can actually pay bills with my btc thru online with my digital wallet so I don't have to go outside and still cooperating by all means from the government's advice in this lockdown. Since I also do some signature campaigns and they also advice us to work from home, it's still a win-win situation for me.
 
 Good to hear you have introduced bitcoin to someone. Especially that btc is down atm then they can possibly buy at low and hold it until the price goes up. While others are using bitcoin wisely, other's don't want to spend their bitcoin in this market situation.

[KrisAlex18]

As what we are facing right now, as COVID-19 is still spreading around the world, some governments in different country decided to lockdown some areas, or even the whole country to prevent the spreading of the virus, which is I strongly agree with what they have done, because that is the only thing that can lessen the risk of spreading the virus.

There are already a lot of bankrupt businesses, unemployed workers, and infected people because of the virus, there are so many afraid people to go outside thinking that they can get the virus if they go outside, by that thing bitcoin or other cryptocurrency will be good to use, we can purchase what we want using cryptocurrency, in which we don't need to go outside anymore just to complete our stuffs.

I hope that there are so many countries that accept bitcoin in their land because this is really important right now to prevent the risk of spreading the virus to each and everyone.

[davis196]

I guess that the current situation of government lockdowns everywhere will benefit all online industries.
Online shopping is booming.Amazon wants to hire 100,000 people in order to fulfill all shipping orders.
The crypto world might benefit from this as well,even though the crypto exchange platforms were damaged by the market panic.The coronarecession will damage all "brick&mortar" businesses and many people with "9 to 5" jobs will lose their income source.There must be some kind of social security system that protects them from extreme poverty and going bankrupt.The governments should find a way.I don't think that the crypto world can help those people.

[absy]

I guess that the current situation of government lockdowns everywhere will benefit all online industries.
Online shopping is booming.Amazon wants to hire 100,000 people in order to fulfill all shipping orders.
The crypto world might benefit from this as well,even though the crypto exchange platforms were damaged by the market panic.The coronarecession will damage all "brick&mortar" businesses and many people with "9 to 5" jobs will lose their income source.There must be some kind of social security system that protects them from extreme poverty and going bankrupt.The governments should find a way.I don't think that the crypto world can help those people.

I am glad crypto markets were damaged because it just gave us the opportunity to buy almost all leading crypto for cheap price . I don't think BTC will fall again in the near future ( except if Coronavirus panic isn't over in 4-5 months ) . As you told , 9-5 job guys are the hardest hit , the factory owners will have to suffer huge losses but I am sure governments will come forward to help them ( but they actually can't as they are the ones funding the virus testing which actually costs too much ) .

~snip~
I hope that there are so many countries that accept bitcoin in their land because this is really important right now to prevent the risk of spreading the virus to each and everyone.

Yup , it will be good for BTC community as if more countries accept it , more buying of BTC then the price will go up . Not only in that point of view , it will also help the countries too in generating income.

[Assface16678]

I guess that the current situation of government lockdowns everywhere will benefit all online industries.
Online shopping is booming.Amazon wants to hire 100,000 people in order to fulfill all shipping orders.
The crypto world might benefit from this as well,even though the crypto exchange platforms were damaged by the market panic.The coronarecession will damage all "brick&mortar" businesses and many people with "9 to 5" jobs will lose their income source.There must be some kind of social security system that protects them from extreme poverty and going bankrupt.The governments should find a way.I don't think that the crypto world can help those people.

One of the widely spreading news today is related to the outbreak happening right now into our country and that is the coronavirus and many people make a lot of panic buying or hoarding because of the lockdown happening on different places and their city to secure they selves they need to buy a lot of things immediately and some of them are having a cryptocurrency or the bitcoin and some of the people make withdraw and convert their bitcoin into fiat currency so they can use it to buy all the things they need and now it is really affect to the whole market of the crypto because they are rapidly selling their coins and the price of the bitcoin fall down, also some of the investors of bitcoin help out and donate some money to the government or to other people so they can sustain for a while and cure the virus and avoid spreading on it rapidly. The total bitcoin amount is too hard to identify because from the price of 9k dollars it falls immediately into 3.9k dollars.

[ethereumhunter]

I have this scenario in my mind:

We cannot go to a local store to buy daily needs, but we can ask them to send the product to our homes after we make a payment to them. And gladly, they accept crypto as the payment besides of credit/debit card so they could send the wallet address to us so we can pay them directly from our home. That will be excited to have that experience because we don't have to to go anywhere, and we can make a pre-order to them and let them prepare everything for us, and we only need to pay the transaction.

We can do another thing in our homes while they delivered our request. I think that will help many people from preventing the virus while we don't have to be afraid of the lockdown.

[Kurokonobasuke]

The purpose of lock down is to minimized the spreading of corona virus within a country, but when we hear lock down it is a force by the government to stay at home and to avoid people to go out. But it is impossible to go outside because we need to buy food that serves as an essential needs. For me, the bitcoin will help us during the crisis by just sending them digital money and used it in buying foods or essential needs and for the digital money can act as payment. Using digital money can prevent of spreading the corona virus because when we used the physical money it can transmit the virus to others, so that I prefer to used digital money instead of physical money. That's for my opinion only.

[fricks13]

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine  .

How the signature campaigns are still being managed efficiently is amazing 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

Bitcoin is being used as of now because of the virus, there are many people who became afraid of going outside, they are afraid to buy foods, stuffs, etc. because of the virus, but there is no problem on that if we have BTC or different cryptocurrency on our e-wallet and of course if our country accepts the bitcoin as payment on something. I think because of our current situation, different countries are now planning about the use of cryptocurrency in their land because it really helpful as alternative on our fiat currency.

[LogitechMouse]

To eleminate the risks of spreading the Corona virus , government have established lockdown .
~

Our government has established a lockdown already days ago and we can feel the effects of it on the first day especially for those who are working as an employee or as a crew member in fastfood. It already affected all of the workers since most of the establishments have been closed temporarily.

Those who will suffer the most here are the ones who doesn't have any emergency funds in times like this. If you are a financial literate person, you must know that you need to keep money for emergency funds. Your savings can be your emergency funds too if you are lacking monthly salary but you must have a emergency fund so that if situations like this will happen then you have spare money to use. Most of our people here in our country are suffering right now because they don't have emergency funds and what do they do? Sharing what they are feeling in social media and bashing the government :X.

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine  .

How the signature campaigns are still being managed efficiently is amazing 🔥

If there are people who helped by Bitcoin right now, these are the ones who are working online like freelancers who are accepting Bitcoin and us people who are into a signature campaign which is Bitcoin paid. It is supporting me right now at least and this is where I get my fiat money to buy some supplies and some of my needs. Even though I don't go out like most of the people here, I have given an opportunity to earn at home .

1. I am reluctant of taking the currency notes because it is a possible medium of spread , Bitcoin helps me sending to whoever accepts

We don't have a choice but to accept currency notes right now especially if we are in a business who are still open right now even the crisis was there or we are buying things outside. The only thing that we can do is after you give the note, wash your hands with soap and water or put some alcohol on your hand so that the virus will die.

[quarkfx]

1. I am reluctant of taking the currency notes because it is a possible medium of spread , Bitcoin helps me sending to whoever accepts

2. My brother isn't able to come personally to take money. I am using ETH and also digital payment to send money.

obviously digital payment will help people who are in isolation , I don't think bitcoin is used much in this case if bitcoin is used more then price would not be falling so badly , other then bitcoin people can use online transfer too bu overall digital medium is helping to contain virus from spreading

[GDragon]

Lockdowns will not stop the virus from spreading. It will still spread, although not as fast, and will cause panic and chaos if it takes months to be lifted. If people are not going to be tested for the virus, a lockdown is not of much help. On the other hand, we have the recent 17yo boy from South Korea who's been tested 8 times in a row with negative results and then died; after his death, the DNA resulted in a COVID-19 positive. So now I'm wondering... how useful is testing in reality?

Making someone invest in cryptocurrencies during these times is a possible game-over for them in my opinion. You don't want BTC to fall down once again and remind yourself about the family you tried saving by convincing them to invest in BTC - the family has much less money now thanks to your suggestion. And now if they want to get back their fiat, the process involves the possibility of getting scammed, the commissions and, if these weren't enough, they'll have less value than they started with in the end.

Advertising the forum, on the other hand, is a completely different thing. Let them know they can gather a lot of knowledge by spending their time on BitcoinTalk during the lockdown. After a while, maybe they'll be part of a signature campaign and will stack up their BTC. 2-in-1.

To be honest, Bitcoin isn't helping me very much during the quarantine but the forum is. It's helping me very much actually. Spending time on here makes time pass way quicker so there's less time to think about the worst.

Agree, every country needs mass testing. I think infected people without symptoms might be spreading the virus faster than we know. Lockdowns can help slow down the spread but it will only be effective when all the people gets help from their government, such as work pay, rents, and other needs. Otherwise, they will not remain in their houses when they know they need to work.

That 17 yr old news is kind of scary. How can we beilive in  testing with that news? I wish it isn't true.

[absy]

I have this scenario in my mind:

We cannot go to a local store to buy daily needs, but we can ask them to send the product to our homes after we make a payment to them. And gladly, they accept crypto as the payment besides of credit/debit card so they could send the wallet address to us so we can pay them directly from our home. That will be excited to have that experience because we don't have to to go anywhere, and we can make a pre-order to them and let them prepare everything for us, and we only need to pay the transaction.
~snip~

I wish my country people were so free and knowledgeable of using crypto in their service . We still have people here who are afraid of making digital payments as they feel something might go wrong , so using crypto is still a long dream .

~snip~
Agree, every country needs mass testing. I think infected people without symptoms might be spreading the virus faster than we know. Lockdowns can help slow down the spread but it will only be effective when all the people gets help from their government, such as work pay, rents, and other needs. Otherwise, they will not remain in their houses when they know they need to work.

That 17 yr old news is kind of scary. How can we beilive in  testing with that news? I wish it isn't true.

It is not as easy as you tell , the economy is down and the government has to support them and do you know how much it costs to just test one person? It is 5-6k here in my country which is equivalent to around 100$ which is a huge amount here .

[Sanugarid]

Lockdowns will not stop the virus from spreading. It will still spread, although not as fast, and will cause panic and chaos if it takes months to be lifted. If people are not going to be tested for the virus, a lockdown is not of much help. On the other hand, we have the recent 17yo boy from South Korea who's been tested 8 times in a row with negative results and then died; after his death, the DNA resulted in a COVID-19 positive. So now I'm wondering... how useful is testing in reality?

I agree tho, lockdowns will not stop the virus from spreading but man that is the only way to slowd down the infection rate, limiting people from their movement. Testing kits, I'm also skeptical about this one, my take on this is every country should have different testing kits and it should depend on the every factor that counts like climate, race composition and everything coz you can't just put a vaccine on a dog that has been tested on cats.

To be honest, Bitcoin isn't helping me very much during the quarantine but the forum is. It's helping me very much actually. Spending time on here makes time pass way quicker so there's less time to think about the worst.

I came to agree, even now people are hardly cannot connect themselves to atm machines, businesses are closed and banks are operating in limited times. Imaging having bitcoin on your e-wallet and cannot spend it, useless isn't it?

[kryptqnick]

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine  .

How the signature campaigns are still being managed efficiently is amazing 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

Honestly, if a person doesn't have income, I don't think that investing in Bitcoin or in anything else is the right decision. One should not invest what one cannot afford to lose, and in this case a person definitely cannot afford to lose any more money. Earning through campaigns is a different thing, but quite unlikely if a person's so new to the market and doesn't have a highly merited account on Bitcointalk by any chance. Bitcoin is potentially helpful because using it cannot get anyone infected, but in the current situation it did not manage to get particularly useful so far...

[johnyj]

in the current situation it did not manage to get particularly useful so far...

It is helping people killing their time at home

[johnyj]

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

It is too late this time, but he will learn the lesson that always have some bitcoin saving that can last him a few months. For now, the most practical solution is to take emergency loans that he can get, I suppose the government will come out with a such facility soon

[gentlemand]

I'm not sure who it's helping right now any more than it did before, but isolation might fuel increased education about it and all the spectacular financial fireworks thrown around by countries like the US may drive people to ponder what the money in their pocket actually means.

There'll be a lot of boredom in the coming months but also a lot of learning.