How bitcoins is helping during the lockdown

[xSkylarx]

Using the online payment method can reduce the risk of getting in contact with the virus since banknotes are roaming around and passed on by different people. For those who are knowledgeable in crypto and those who are earning in crypto were able to survive the pandemic since they have other sources of income. Cryptocurrency really helped a lot of people during the pandemic and not to mention the convenience of sending your money easily.

[AnnaLar]

The COVID-19 outbreak has wreaked havoc across the global economy. With stocks swooning and job losses mounting, it?s a difficult time for traders and investors in any asset class. The crypto market hasn?t been immune to these dynamics as cryptocurrency prices fall and crypto projects struggle to raise capital.

Let?s take a look at how the crisis is affecting crypto markets and what it means for your portfolio.
https://zenledger.io/blog/how-is-covid-19-going-to-affect-crypto-markets/?utm_source=forums&utm_medium=social&utm_campaign=organic_articlesshare_13.05

[TheCoinRepublic1]

During the situation of Pandemic Covid-19, many digital currencies have battled hard to sustain their positions in the revolutionizing economy. Riot Blockchain company has played an important part in combatting the coronavirus and took various initiatives in the development of the economy likewise. But the latest Bitcoin Halving event 2020 was a promising one and mega investors took a lot of hopes on the latest halving event. Even Tom Lee's latest BTC price predictions that the value will reach by $25000 has been a surprising one and comes with lots of promising hopes that future forecasts might revolutionize BTC position in the market.

[Debonaire217]

Bitcoin could be a real investment for these kind of panademic we have seen the stock market was carshed and that time bitcoin also crashed but the bitcoin recovered in amazingly so people should understand about bitcoin more

Then it should not be applicable to all types of investors. Mostly, people doesn't have too much time to look and be aware of their investment that's why they prefer the long term investment like stocks, but based on the performance of bitcoin lately, it is too volatile that people couldn't exactly predict where the market goes, in just a night, they might lose too much and that's how fast bitcoin changes its price.

What that means for me is that, if we think about bitcoin being a safe haven, we should adhere to its standards and characteristics. We should spend more time upon looking in the market trends and to spend more time studying it.

[Skieleton]

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 has been my additional source of income for years and now it is confirmed that it was a good move. You are right, the market situation is difficult. They cut my full time halfway. Thanks to BTC I can still maintain the same standard of living!

[TheGreatPython]

If you're going to be talking about transactions, then you will be wrong because there are lots of other payment methods that are being used at this time more than people are using cryptocurrency. Just like PayPal and Cash App, and I don't think you can say that cryptocurrency is being used more than those. So I am not really counting transactions as part of it, because that's the least.

There are other ways that not really cryptocurrency, but the community has been able to contribute and help in this time of Coronavirus pandemic. You can take for example: when miners started supporting in the search for the cure of covid-19 and how few gambling houses already started helping with some percentage of house-edge to needy people in lockdown.

[giammangiato]

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 has been my additional source of income for years and now it is confirmed that it was a good move. You are right, the market situation is difficult. They cut my full time halfway. Thanks to BTC I can still maintain the same standard of living!

I also had bitcoins as an additional source of income, but nobody uses bitcoins for what was born, to be spent. I have some crypto cards that I also use at the bar to pay for coffee and I have never had any problems.

[Raflesia]

~~~

Bitcoin has been my additional source of income for years and now it is confirmed that it was a good move. You are right, the market situation is difficult. They cut my full time halfway. Thanks to BTC I can still maintain the same standard of living!

I also had bitcoins as an additional source of income, but nobody uses bitcoins for what was born, to be spent. I have some crypto cards that I also use at the bar to pay for coffee and I have never had any problems.

Bitcoin is now a lot of benefits and a lot of extra income here of course economically they are slightly increased thanks to the presence of bitcoin and therefore many of them are now becoming crypto investors and even made their main income.

I have enough bitcoin for the future because that is my hope when bitcoin is soaring high, for crypto cards in my area it cannot be used to buy anything except to exchange it for locale money.