How bitcoins is helping during the lockdown

[Genemind]

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.

I have done the same thing and it helped me a lot. There's no way for me to help my relatives from other provinces and I'm glad that I was able to help then with my earnings in Bitcoin. It's the most convenient and safest mode of payment these days. However, cryptocurrency only works with the help of banks and other local remittances but it still eliminates the spread of the virus through direct contact.

[peter0425]

I have time to talk closely to my families and friends now and luckily i have encourage two of them to try investing in crypto ,the one bought small amount of Bitcoin while the others is Ethereum,what i mean here is this is the right time to tell people how these currencies will help them specially now in purchasing power,In online they can just easily pay goods while in reality since the lockdown is in effect they can only do limited things using fiats.

[tbterryboy]

This is what I’m seriously worried about. There are countries where social distancing will be difficult to achieve. Especially countries where there are so much poverty, what are the people going to do in such countries?

Seriously it’s not going to be easy when it comes to such countries because people wouldn’t want to stay on lockdown when they don’t have something to eat – I don’t even need to mention the places I’m referring to because you all already know the places I’m referring to when I said poverty-stricken countries. These are the countries where the government don’t even give a damn about citizens, only the rich survive.

[Meowth05]

Bitcoin helped in making sure that transactions are completedwithout the hassle of using paper currency. This pandemic is very good for the reputation of bitcoin because it can help in making sire that people are trusting and knowing more about bitcoin.

[Onuohakk]

This not the right time to advise someone to use his or her upkeep money to invest into bitcoin. These are challenging period of no means of getting money rather spending the little money you have, ever since the lock down started. Those that have bitcoin are selling it off, so as not to die of hunger. If the lock down continues, I wouldn't mind selling off my bitcoin if the need arises

[Twinkledoe]

This not the right time to advise someone to use his or her upkeep money to invest into bitcoin. These are challenging period of no means of getting money rather spending the little money you have, ever since the lock down started. Those that have bitcoin are selling it off, so as not to die of hunger. If the lock down continues, I wouldn't mind selling off my bitcoin if the need arises

Yes, it depends on the current situation of the bitcoin holder. Most small time crypto users are selling to augment their daily needs. And nothing wrong with that. But if you can afford to hold or buy more, really up to you also. At the end of the day, we all have different situations in life and we act according to what is necessary to keep afloat in this pandemic situation.

[Eugenar]

Bitcoin is really helpful everytime for everyone especially with this current situation as this pandemic virus still existing around the world. Bitcoin can be alternative for fiat currency, it is really great to use bitcoin as of now because it is better to stay at home and we can do some of our transactions online using bitcoin as way of payment.

It will prevent us to go outside just to do some stuffs we need, but actually can be done online, so bitcoin is there to help us and besides it is more easir and faster to do when using bitcoin and other cryptocurrency.

[Excell110]

In my country, everything is down, the economy is failing, the government is paralyzed and the so-called system is crumbling.

 The lockdown is severe and no relief or help is coming from the government.
  Without Bitcoin and cryptocurrency at large, I don't know how I and my family would have coped.

 Am grateful I got into the crypto space

[Sanugarid]

Bitcoin is really helpful everytime for everyone especially with this current situation as this pandemic virus still existing around the world. Bitcoin can be alternative for fiat currency, it is really great to use bitcoin as of now because it is better to stay at home and we can do some of our transactions online using bitcoin as way of payment.

I disagree with this, not with bitcoin as a helpful and useful but the thing that we can use it during this times. It's pretty good to know that we can use bitcoin as an alternative to fiat but the fact that we don't have that much machine to support the bitcoin like ATMs ( although there are already existing ones but it is only a few) payment centers etc. On top of that is the volatile characteristic of bitcoin, you cannot just spend it like the way you spend your fiat. In much simpler case we cannot simply use bitcoin at all times, it will be only disadvantaging for you if you do.

[azmirihaque]

We are passing a very hard time now. COVID-19 has locked down our home, our town, our country and even our world. It has isolated the whole world from the business world. Business men are passing idle time and millions of people are losing their job. Thousands of people can't arrange a squire meal for their livelihood. In this bad situation bitcoin has greatly helped me to survive. I have paid all my utility bills and rents, purchased sufficient foods for my family and arranged other necessary items by dint of bitcoin. I think, it is very much helpful for all in every situation.

[$crypto$]

Bitcoin is really helpful everytime for everyone especially with this current situation as this pandemic virus still existing around the world. Bitcoin can be alternative for fiat currency, it is really great to use bitcoin as of now because it is better to stay at home and we can do some of our transactions online using bitcoin as way of payment.

It will prevent us to go outside just to do some stuffs we need, but actually can be done online, so bitcoin is there to help us and besides it is more easir and faster to do when using bitcoin and other cryptocurrency.

Indeed, many say that bitcoin will be an alternative way of payment in this pandemic but do many make payments via bitcoin? well that's what has to be questioned because credit card payments are still a means of payment in use today even the average of all users also do that so I think bitcoin payments are still 40% in its transactions.

But now people are familiar with bitcoin, but in the next few years bitcoin will become a legitimate payment tool and also legalized by the government so that it will be easier for any payment during this pandemic.

[Jako0203]

YES!!!! Disregarding the fact that this pandemic is really a pain in the ass for the world right now and it started out our 2020 bad, tge brighter side is that, people tend to engage themselves in the Online Business Fields or any platforms in tge web that would give money to their hardwork, and that's when we introduce bitcoin to them...

[chainese]

Unfortunately, I think that the lockdown isn't a signal for aggressive spreading bitcoin. Your example is obviously not actual because that man has no money at all, he cannot pay for his bills, how can he be BTC investor now? Okay, let's imagine that he sent his money to buy cryptocurrencies; there is a huge risk he'd soon need to take that money back. Thus, he'd cause volatility which is good for market in its speculative meaning, actually. But I wouldn't say that helps bitcoins a lot.

[TrevorS]

Pretty instructive story. Anyone can make simple calculations. If he invested a very small amount in bitcoin several years ago, and did not touch it for a long time, he would have won a thousandfold.
Who said that this cannot happen again in the future?
Now more than ever people see the inconsistency of current financial systems, while Bitcoin remains in place.

[shield132]

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.

You are selling your bitcoins because you have collected/bought them in past, am I right? Yes. So if you had collected fiat in past, you would be able to pay your rent too. As easy as ABC.

The best way cryptocurrencies are helping us right now is that you are able to mine if you have a good GPU or asic miner. While staying at home you can mine crypto and earn money, you aren't abandoned, it's a huge benefit.

Otherwise saying that you were holding crypto and it's what saved you, isn't that right because in such situations it's 50/50 what will happen around price. You know everyone needs money and there is a chance people will have a will to sell their bitcoins as soon as possible and get money during quarantine and as a result it will drop price a lot. But on another hand people may stick with it and see bitcoin as a real escape during such situations. You can't bet your future on things like this.

And bonus+
Cryptocurrencies offered us blockchain, don't forget that there are high paying jobs in this niche and you can work online. Knowledge = power.

[Oasisman]

Cashless payment system like bitcoins are very useful in current covid19 panic. Currency notes are also one of the carrier of Corona virus, so this is one another use case of bitcoin.

Unfortunately, not every country has a large number of merchants, and grocery stores that fully accepts Bitcoin and other alts. specially in the 3rd world countries.
Cashless payment can also be done by using debit and cc in purchasing essential goods to survive the lockdown. Bitcoin isn't the primary option tbh. though I am a crypto enthusiast, but I must admit, in times like this majority of the people prefer to use cash, debit, and cc for easy access with basic necessities.

[verita1]

I have three years that my only income is cryptocurrencies and since then, I have not been interested in another job. Because I can receive better remuneration even though they are micro-jobs. I exchange my tokens for BTCitcoin because it is in good demand. I am trading it on CryptoWay to receive a bank transfer.
I am satisfied, I can achieve a good rate, low commission, and security.

In my country, banks are closed, only money circulates through bank transfers and mobile payments. Only food and medicine establishments are open in the morning until noon each day. We pay with debit cards and cash in circulation.

[carlisle1]

Cashless payment system like bitcoins are very useful in current covid19 panic. Currency notes are also one of the carrier of Corona virus, so this is one another use case of bitcoin.

Unfortunately, not every country has a large number of merchants, and grocery stores that fully accepts Bitcoin and other alts. specially in the 3rd world countries.

+1 for this because most users lives in countries were there are limited uses of Bitcoin and this is what must change,While many talks about the advantage of Bitcoin in this situation people in other countries are denied the rights of using it.

Cashless payment can also be done by using debit and cc in purchasing essential goods to survive the lockdown. Bitcoin isn't the primary option tbh. though I am a crypto enthusiast, but I must admit, in times like this majority of the people prefer to use cash, debit, and cc for easy access with basic necessities.

yups as we can also directly send our Bitcoin into our Bank accounts so we can cover the payments using our debit or credit cards.

Cashless payment system like bitcoins are very useful in current covid19 panic. Currency notes are also one of the carrier of Corona virus, so this is one another use case of bitcoin.

hope this will be functional worldwide and countries will start adopting Bitcoin as payment method and not just as asset to be stored.

[Wayan_Pedjeng]

Those who invested earlier are lucky. Most of them have significant holdings and they can survive these tough times by selling their coin holdings. But investing in Bitcoin at this point is extremely risky. You don't know in which direction the prices are going to move. I would rather chose reliable assets such as gold and platinum at this point.

[TalkStar]

Cashless payment system like bitcoins are very useful in current covid19 panic. Currency notes are also one of the carrier of Corona virus, so this is one another use case of bitcoin.

Its quite hard to be disagree with you and at the beginning of Covid-19 people were not enough careful about paper notes but now all changed. To keep the speed of corona virus transmission lower everyone is trying their best but end of the day everything is so tiny for this unstoppable virus. All we can do is just increasing awareness of keep ourselves clean and following lockdown procedures. World economy is going to face the most worst time ever and every economist are quite agree with that. In the meantime worldwide corona affected countries people are trying their best to keep themselves safer but without job and regular income i don't know how longer government will be able to keep their citizens at home.

Definitely use of bitcoin for daily bill payment is helping peoples to keep themselves safer from social or physical transmission. But bitcoin isn't supported in most of the countries countries so their peoples are not getting the advantage of using bitcoin during this pandemic.