How bitcoins is helping during the lockdown

[gundala]

This is why I often say to my family that all matters relating to the crypto world, such as mining, trading, investing, and hunting bounty campaigns are very potential and profitable side jobs. For several times, what I got from the crypto world exceeded my main job in the real world, this gave me a great opportunity to save and realize my dreams. Until I have enough funds and decided to resign, and I focus on the crypto world until now. The advantage I feel is that I can still work optimally despite the chaos out there, but there is also a downside when the market is saturated and most of the bounty campaigns are filled with drama. Well, all work has risks, right?
The important point that I want to convey is, under any circumstances try to prepare savings to face difficult times like this. Try your best for the family and let's help each other by giving as much as we can.

[MCobian]

I experienced the same thing, because in my country lockdown is also being applied. I as a food business owner can not
make money for about 2 weeks. And this is enough to make me stressed, because I also have a burden of debt to the bank.
Fortunately, there is a bitcoin that is a solution, I tried to trade so I could earn some money. And also do it signature campaign
for additional income. So it is true that bitcoin is very helpful in today's conditions.

[ololajulo]

I dont stay in USA, UK and Italy at the moment, and I observed that most post looks like they are not in area of high threat. Maybe the victim dont come on this forum ATM. If anyone knows that he cant go out indefinitely and he has family with kids, he will think more of how to provide the necessities in the home at least for a month or more, it will call for emergence withdrawal of fiat, purchase this necessities and hold a little fiat which I was responsible for the market dump

[princerepon]

I don't know how much helping bitcoin during this lock down cause still we depend on FIAT money very much. But people are so lucky which place or market approve btc as FIAT money. At lest they can buy goods or products from house. And those people have no worry about their salary whom working for btc in internet. At least they can earn btc seating on their chair.
Otherwise i can't see a lot. But people will understand from this crisis why crypto currency need so much in human life.

[johnyj]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

[samcrypto]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.

[camito]

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.

Because I am also aware of the lockdown, what matters to me right now is the safety of my family. Because it is hard to provide right now, and I have my parents, the only thing I can do best is maintain my status in the campaign. I admit too that Bitcoin is not really helping me much but I have to say that despite of the pandemic, how the campaign manages well is a good news. Your suggestion to the poor man is well a good hearted act but you might as well have considered its current status and you must observe him from time to time because we are aware that he is vulnerable to scams and fraud, as well as indecisiveness.

[ethereumhunter]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.

I guess that is happening in many cities too because many people read so many fake news from the sources that they don't know if that news is real or not. People need to read from valid sources from the government, so they don't need to panic, and they can prevent the virus that can infect them. Related to bitcoin, if people want to learn about bitcoin, they will know that bitcoin can be used for making transaction and they can buy anything with bitcoin if they cannot use fiat to buy their daily needs.

[Debonaire217]

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.

Yes, because right now, even though we think of bitcoin as the solution for the lock down and the COVID crisis, bitcoin's price significantly decrease that means that people will not be willing to sell their bitcoin when they get stuck by the price when they can't sell at huge price. Meaning, there's a possibility that instead of using their bitcoin for this crisis, they might be hodling it now to avoid losses.

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

That is, when people have internet in their respective houses, because if we have just TV, I think it is still kind of boring to watch TV all day, unlike having internet connection where we could always be updated and free, to watch and read anything we want.

[bitbink]

I can't say that Bitcoin helps me a lot now, I'm not going to sell a single satoshi before halving. At least, thanks to Bitcoin I have something to do during the lockdown (reading books and watching videos about crypto and blockchain).

[wozzek23]

I hope you didn’t make him believe that cryptocurrency is a key to solving their problem, because if we are being sincere it is not, it doesn’t solve your problem. This is an investment and he can invest the remaining money he has and end up losing it and that would be worst for him, the price of bitcoin has been critical as of lately, so telling him to invest his money in Bitcoin is a really bad idea.

The only thing I support that he should do know is look for online jobs, and not even signature campaign because he will need to register in this forum and become an active user before he will reach a level to start joining signature campaign.

[Vishnu.Reang]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

LOL... why should anyone in their right mind buy the coins now, when the economy is in meltdown? I would assume most of the users to sell whatever coins they have in their wallets, so that they can stay alive during the lockdown phase. And trust me, the upcoming block reward halving is not going to have any impact on the Bitcoin prices. We're in for a prolonged bearish phase.

[imstillthebest]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

LOL... why should anyone in their right mind buy the coins now, when the economy is in meltdown? I would assume most of the users to sell whatever coins they have in their wallets, so that they can stay alive during the lockdown phase. And trust me, the upcoming block reward halving is not going to have any impact on the Bitcoin prices. We're in for a prolonged bearish phase.

i dont think most can sell on a lock down  .  people are also not working so exchangers were closed   and the governments are only providing relief operations  .

maybe on some places that arent really affected or already recovered  ,  works on there are now normal and people can now sell and buy/cash in btc   .  people buy coins because they can pay thier love ones that are from a far away and avoid traveling to prevent the risk of the virus spreading   . this is one of the help that bitcoin provide 

[Bitcoinislife09]

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.

The fiat money is not reliable to use since the physically money could be a way to spread the virus because they are so many people that touching it, In china they are using they Alipay card to cover all of the expenses they cash are just for emergency because it might contain virus. Also a lot of investors might sell their holdings in bitcoin because this is a emergency crisis for most of the countries like Italy. Fast transactions and you could send cryptocurrency at anywhere in the world I think they could really be useful at this times. Without jobs investment might come handy at this times.

[FlightyPouch]

No jobs , no schools , no small businesses , nothing.

Here's the thing about jobs/work and school at this lockdown. Teachers are pushed by the government to find a way of teaching online. We are suffering to do that since not all of my students have access to the internet. It is really hard, and they would say that as a teacher we should find a way to teach our students, I do and teaching them how to take care of themselves right now, it is more important.

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 .

To be honest, I told this to some of the unemployed people I know and they are just happy the first time I talked about it. After that, I am checking their accounts here at the forum and they are not online, they are not even posting. You see, I know that you want to help but it is not that easy to earn money even if you say that it is a little. Okay, let's say he is interested in doing campaigns; will you stay there to teach him at this time? Is it worth it? I am not against it, I experienced this and this taught me that even you have the power to help, there will come a time that you will realize it is not enough. It is heartbreaking but it is life, we need to cope with it.

[Latviand]

I don't know how bitcoin will help during lockdown. Because you could only make transaction between blockchain but if you are unable to cash out on real cash then bitcoin wouldn't help you on that case. For real cash you have to go bank, exchange or ATM where support bitcoin withdrawal.

It is true, sir. We need ATM for bitcoin withdrawal. If it's locked, how we can make it be cash. I think the government won't lock ATM because it has a vital role. I can't imagine how people will cash out once the government totally locks all bank facilities, including ATM.

Should be fine everything as soon as possible otherwise global economy will collapse totally and we will face more problems especially for foods.

I hope so. But we don't know how long this pandemic will be happening. I think it will be easier to stop once all countries have the cure in a sufficient number. And they have the technology to burn off the virus effectively.

It depends because there are countries now that you can pay some transactions using bitcoin. Buying goods, payment for bills, donation, and etc., it also depends if your country is already allowing bitcoin to circulate the economy and can be manipulated by the citizen. You're lucky enough if the government is supporting those bitcoin holders. This pandemic will also help people to promote and use digital currency or digital platform because people are used to pay necessary things using fiat currency. Bitcoin doesn't really required to have an ATM but the purpose of the ATM is for the business who doesn't accept digital currency.

[johnyj]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.

Yes the panic is coming, but if they sit down and do some homework, they will see that:

1. jobless rate will be very high and there is no job to seek
2. their living cost has to be dealt with, but they are losing income even if they have some insurance
3. they have to find a way to make some money

Then they will see that, at such a time, bitcoin investment is the only thing that might make them some money, at least that is something that they can start to get their hands on. Seeking a job currently is totally impractial

[Yatsan]

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

It's still better than not having any income at all. Especially nowadays when money is what really counts. You can't just disregard a dime because it's a dime. At this point it will really help. Anyway campaigns are still there that pay weekly, that gives the user ample time to save up since I guess most service providers gave everyone a leeway on their due dates to focus more on basic necesssities. But apart from the money that cryptocurrencies bring I would like to emphasize the ease of access cryptocurrencies provide. Nowadays you can't trust even a paper bill due to risks of contracting the virus. And digital transactions are really helpful, which bitcoin is a form of.

[KnightElite]

This is why I often say to my family that all matters relating to the crypto world, such as mining, trading, investing, and hunting bounty campaigns are very potential and profitable side jobs. For several times, what I got from the crypto world exceeded my main job in the real world, this gave me a great opportunity to save and realize my dreams. Until I have enough funds and decided to resign, and I focus on the crypto world until now. The advantage I feel is that I can still work optimally despite the chaos out there, but there is also a downside when the market is saturated and most of the bounty campaigns are filled with drama. Well, all work has risks, right?
The important point that I want to convey is, under any circumstances try to prepare savings to face difficult times like this. Try your best for the family and let's help each other by giving as much as we can.

I'm a full time crypto trader and it help me to avoid the corona virus, the most vulnerable people are the frontliners and also people who are working in offices. I feel safe because I'm not a person who usually go outside, I'm a trader who often monitor charts and doing some analysis. Bitcoin gave me opportunity even though that there is a lockdown in my community, I know that many people here in the forum are also benefiting by joining in signature campaigns and bounty campaigns.

[Sanugarid]

If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months

LOL... why should anyone in their right mind buy the coins now, when the economy is in meltdown? I would assume most of the users to sell whatever coins they have in their wallets, so that they can stay alive during the lockdown phase. And trust me, the upcoming block reward halving is not going to have any impact on the Bitcoin prices. We're in for a prolonged bearish phase.

lol on you, in times like this cryptocurrencies are more capable of any of the asset specifically bitcoin, why? because it already gained the resistance not to go beyond at a certain price since we already have a foundation from institutional investments and big companies. Although the price was dumped last week, it does not bother me coz it is recovering now. Aside the movement was pretty natural for me especially the halving is happening in a couple of weeks from now.