How bitcoins is helping during the lockdown

[HardFacts]

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.

ABSOLUTELY WRONG:   BitCoin does NOT, NOT, NOT have any significant amount of institutional money investing in it, BitCoin is much to volatile for them to even touch it.     Anyone working for institutional money that took such a high risk would be FIRED.   Do you always talk about subjects that you know absolutely nothing about ? ? ?

Hard Facts

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[madhavsinghrajput]

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.

I agree with you man,Even i don't feel that bitcoin is helping me during quarantine in any sense because in lock-down all we need is basic necessities  and we can only get them with fiat atleast in my area.Even though you have bitcoin,small vegetables vendors and general store here in my locality doesn't even have online payment option.
Noble thought that you tried to help that guy but even i think investing your limited financial resources in bitcoin market now is nothing less than stupidity. It will not help in any way. Surety of getting good return in short span in current situation is tuff that is the exact demand of that guy. But only thing that will help him not now but in near future will be the seed of bitcoin that you have put in his mind.It will help him to tackle such situation if occurred in future(hope it never happens).Still great thought and kudos to you.

[Mulann2]

People will just go about over exaggerating things, how will btc help in lockdown and quarantine again,  do we have to expect btc to provide solutions to all of our problems..... including telling us how to handle the lockdown period..... this is too much,
Btc is a digital currency and not an advisory agency that gives advice during lockdown, this topic is totally meaningless in my opinion.

[Reid]

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.

Did you do it while he is still crying? 
I just don't understand it quite well. When I see people crying in the streets then I will just listen to them.

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 .

How you do it?

It is difficult to open something up that will make them think it is just another thing which they might spend money with while he is still on a stage of finding it hard to make some.
I bet you did great if it is true. But me? No, I don't think I can do it while a man is crying or even afterwards.

[AniviaBtc]

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.

Did you do it while he is still crying? 
I just don't understand it quite well. When I see people crying in the streets then I will just listen to them.

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 .

How you do it?

It is difficult to open something up that will make them think it is just another thing which they might spend money with while he is still on a stage of finding it hard to make some.
I bet you did great if it is true. But me? No, I don't think I can do it while a man is crying or even afterwards.

Many people are very affected most especially those people who are in a low class. Government should do something to help those people who can't go to work because of the lockdown, we don't know when will this community quarantine will end. They have no money to feed for their family, they have no money to buy personal needs like alcohol, medicine and etc. Most elder people are vulnerable from the virus and the government should prioritize the elderly and the poor people. People who are in a medium class can buy what they need because of a stable job. On the other hand, this lockdown will probably make crypto users to become more active here in bitcointalk because they can focus having a discussion here.

[mdzahed134]

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.

Yeah, it’s absolutely the best way to helping each and other who's can not will go to bank for deposit and withdraw their money. Although almost every lockdown countries didn’t closed their banking and other essential places like as shopping malls. Bitcoin and Ethereum payments method will give important role at this time. Even now a lot of people’s are workless so btc and eth will their another resources.           

[CarnagexD]

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.

Did you do it while he is still crying? 
I just don't understand it quite well. When I see people crying in the streets then I will just listen to them.

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 .

How you do it?

It is difficult to open something up that will make them think it is just another thing which they might spend money with while he is still on a stage of finding it hard to make some.
I bet you did great if it is true. But me? No, I don't think I can do it while a man is crying or even afterwards.

Many people are very affected most especially those people who are in a low class. Government should do something to help those people who can't go to work because of the lockdown, we don't know when will this community quarantine will end. They have no money to feed for their family, they have no money to buy personal needs like alcohol, medicine and etc. Most elder people are vulnerable from the virus and the government should prioritize the elderly and the poor people. People who are in a medium class can buy what they need because of a stable job. On the other hand, this lockdown will probably make crypto users to become more active here in bitcointalk because they can focus having a discussion here.

Today having an online payment is one of the most very important things because of the virus rapidly spreading it is better that we are avoiding some issues of having direct contact or physical contact with the other people, for now, it is better if we have a social distancing because the virus is still spreading and we cannot assure until when it comes. It is better if we keep staying in our houses and do something productive even we are in our houses. If you need to pay something you can use the cryptocurrency you have to do that if they are already supported with the use of it. But if not use the other online payment.

[thisnewcoin]

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.

Yeah, it’s absolutely the best way to helping each and other who's can not will go to bank for deposit and withdraw their money. Although almost every lockdown countries didn’t closed their banking and other essential places like as shopping malls. Bitcoin and Ethereum payments method will give important role at this time. Even now a lot of people’s are workless so btc and eth will their another resources.          

Exactly! The situation is not good enough to go out and deposit or withdraw through the bank, digital money is the only solution. Almost every developed countries are now under lockdown, so, dealing with money is not easy anymore! People are using crypto than other digital currency! Because crypto is easy to use and anyone can have it only by downloading a good wallet! I hope people will remember the blessing of crypto even after the coronavirus is gone out!

[Twentyonepaylots]

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.

Yeah, it’s absolutely the best way to helping each and other who's can not will go to bank for deposit and withdraw their money. Although almost every lockdown countries didn’t closed their banking and other essential places like as shopping malls. Bitcoin and Ethereum payments method will give important role at this time. Even now a lot of people’s are workless so btc and eth will their another resources.          

Exactly! The situation is not good enough to go out and deposit or withdraw through the bank, digital money is the only solution. Almost every developed countries are now under lockdown, so, dealing with money is not easy anymore! People are using crypto than other digital currency! Because crypto is easy to use and anyone can have it only by downloading a good wallet! I hope people will remember the blessing of crypto even after the coronavirus is gone out!

These are the primary uses of cryptocurrency that are being taken advantage right now that almost every country has implemented a lockdown. Coins and banknotes are a possible medium of spread and since most establishment are closed, your only saving grace is online shopping. As of now digital fiat is taking over the scene but bitcoin and other big cryptocurrencies are seeing a bigger use compared to when everyone wasn't on quarantine. This could pave a way for a massive adoption since eople are slowly beginning to realize the biggest uses of bitcoin in these trying times.

[Kelvinid]

It really gives a big help for every holder especially to the lockdown situation but the problem is that not all areas are accepting bitcoin or any cryptos. Supposedly we have to directly use it to buy stuff, foods and other necessity but unfortunately, people are converting it into fiat for them to use it. This is also a reason why the price of Bitcoin moves down instead we think that it soars high as the demand might increase but the situation has turned into like this.

[crustycrab666]

People will just go about over exaggerating things, how will btc help in lockdown and quarantine again,  do we have to expect btc to provide solutions to all of our problems..... including telling us how to handle the lockdown period..... this is too much,
Btc is a digital currency and not an advisory agency that gives advice during lockdown, this topic is totally meaningless in my opinion.

It seems you have to look at this in a different way, BTC is not a social organization that can provide assistance as you say, but through BTC and the crypto world in general, we can use it as an alternative to earning money without direct interaction and activities outside the room. We are in a position to discuss lockdown and social distancing. So this is a very effective alternative.

[bL4nkcode]

People will just go about over exaggerating things, how will btc help in lockdown and quarantine again,  do we have to expect btc to provide solutions to all of our problems..... including telling us how to handle the lockdown period..... this is too much,
Btc is a digital currency and not an advisory agency that gives advice during lockdown, this topic is totally meaningless in my opinion.

Well, it's about money, buying with cash and interact with people will cause you to be infected, working is the same, while online is a different thing, buy things for necessity, work online and paid with bitcoin is a different thing for the issue people facing due to this virus.
 
While of course btc can't help every problem people's faced, so stop being a dick, and appreciate the good things given to you with the technology.

[Japinat]

Lock down is bad for our business, personally, I have a problem in accessing my bank account as I don't open an online transaction, I have to go to the city to withdraw funds but the city is already in lock down, therefore my only source for now is my bitcoin which I have been saving until now and I am just slowly withdrawing it through my ATM when there is really a need.

Another thing that help me is my online job that pays in crypto, that helps a lot when my business was shut down too.

[kawetsriyanto]

For the payment purpose, Bitcoin cannot help much because it is forbidden here. But It helps me so much in trading, so even I am experiencing self-isolation (quarantine) during the Covid19 pandemic, I still have something to do (working as a trader). Now, I trade Bitcoin more often, you can say that I'm working as a daily trader. I have much time at home, why not to spend it for trading Bitcoin.

[Lorenagarciaa0]

hii! how is everyone
can someone help me with some btc if possible, i'm from spain and i don't know what to do during this pandemic

here's my btc wallet adress
1AL6v3PJDCHNj8Qqmc1UAgpKGKbHYdSa5Z

i wish coronavirus dessapear and good health for everyone😢😢😭😭

[Shasha80]

Facing a difficult situation like now, almost all countries do lockdowns. Make most people lose their jobs for the time being. With conditions
like that make most also lose their income, while we need money to daily living costs and to pay bills. Here bitcoin comes as a solution,
because with bitcoin we can not only produce money. However, we can also avoid the spread of the corona virus. Because bitcoin does not
need to make physical contact to make transactions.

[milewilda]

I cant deny the benefit of people who do able to take this opportunity here on cryptospace.During lockdown where everybody is having a problem with income since they are relying with their day jobs.
Im somewhat thankful that earning some btc online not only on campaigns but on other task as well does really give out advantage since you are still earning while you are in home.
We cant do anything for those people who have been affected because they dont have any income but somewhat you can make donations or do help where giving out a small portion of
your earnings.

Also i can sent out money via 3rd party providers to my loved ones who are in distant place without the need on handling some cash or go personally.

[mahilchii]

Definitely this is a genuine example what BTC can do when situation like this happens, the entire globe is in trouble after this corona scare and governments are strictly advising not to come out of home and the lockdowns are in progress in most of the countries at the same time corporate companies informed their employees to work from home, No one would have experienced such a big issue in their entire life. Thanks to crypto and it's development which is helping us a lot in this weird situation.

[Japinat]

Definitely this is a genuine example what BTC can do when situation like this happens, the entire globe is in trouble after this corona scare and governments are strictly advising not to come out of home and the lockdowns are in progress in most of the countries at the same time corporate companies informed their employees to work from home, No one would have experienced such a big issue in their entire life. Thanks to crypto and it's development which is helping us a lot in this weird situation.

If crypto alone, we will still struggle, we need banks to cash out our bitcoin and preferably an ATM machine that should be open 24/7.
In our county, we are also under lock down now, social distancing has been advise so it's hard to go in crowded places because no one wants to risk themselves, with bitcoin wallet and ATM, its easy to convert our bitcoin when we need it.

[FanatMonet]

Definitely this is a genuine example what BTC can do when situation like this happens, the entire globe is in trouble after this corona scare and governments are strictly advising not to come out of home and the lockdowns are in progress in most of the countries at the same time corporate companies informed their employees to work from home, No one would have experienced such a big issue in their entire life. Thanks to crypto and it's development which is helping us a lot in this weird situation.

Yes, cryptocurrencies help a lot in this situation, but they also have problems, primarily because it’s quite difficult to pay with them, but also, you have to use third parties to exchange cryptocurrencies for fiat , and it’s don't good, if there is still an opportunity, besides exchanges, to exchange them at ATMs.