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Author Topic: Meme Bitcoin vs Coronavirus  (Read 210 times)
Raja Singa
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March 19, 2020, 12:21:05 PM
Merited by Anonymous100 (2), Teknisi88 (1)
 #1



What is your opinion? Isn't Bitcoin the best solution right now? BTC

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March 19, 2020, 12:53:39 PM
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^



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March 19, 2020, 03:10:24 PM
 #3

I get what you are trying to say in your post but I don't think it is practical to use Bitcoin right now although it helps prevent the transfer of the virus. During these lockdown and quarantines, a currency that still not accepted by most stores all over the world like Bitcoin isn't going to help much. People will still prefer to use fiat because it is a legal tender in all countries and more convenient to use. You have to remember also that online payments using digital fiat is available too.
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March 19, 2020, 03:35:19 PM
 #4

Maybe in the near future, but for now, bitcoin is not the way out as a preventive measure for all nations.

There are several countries who do not recognize or term bitcoin as a payment of service, and mind you'; you can only buy or sell with bitcoin as payment mode if the other party admits or agrees to receive payment in btc.

So for now, lets stay safe and continue to educate those around us about the importance of bitcoin and crypto currency to the world.

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March 19, 2020, 05:30:17 PM
 #5

In my own personal opinion, maybe this is really the time for bitcoin and other cryptocurrencies to be recognized and known by a lot of people all over the world because using cryptocurrency can also help us to prevent the virus from spreading when we are making purchases in malls or other stores.

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March 19, 2020, 06:00:46 PM
 #6

To be honest, people are already using money transactions with digital, but not with crypto.
This is like every country's fiat money in digital form and can be used for daily activities.
Imagine buying groceries for $ 1-5 with a fee of over $ 0.5, it will feel difficult.
So you mean it happened but didn't use crypto.






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March 19, 2020, 06:06:57 PM
 #7

It might helped if we introduced bitcoin as payment on many shops but now we are not having much places which accepts crypto currencies so this will be only acts as storage of value for financial crisis all over the world.

Don't be afraid of corona,just build your immune system then you have 99% of getting recovered even after the virus attack.

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March 19, 2020, 06:11:40 PM
 #8

a good idea to be bitcoin as an alternative to conventional payments to avoid corona, but as far as I know some countries affected by corona still do not allow this transaction, and also transactions using e-money are still superior compared to cryptocurrency.

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March 19, 2020, 06:23:29 PM
 #9

I have also made a Thread that discusses thing like this https://bitcointalk.org/index.php?topic=5231131.0.  Cryptocurrency (Bitcoin or Altcoins) is very good to be used as a means of payment in these conditions, but education about cryptocurrencies has not been evenly distributed so it will be very difficult to apply throughout the world today.  Digital payments such as Paypal, Credit Cards, Skrill and others are the most convenient to make as alternative payment at a time like this..

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March 19, 2020, 06:25:09 PM
 #10

One of the ways to transmit the virus is by touching or having contact to the things that is from the infected person, that is why receiving a physical money from other people is dangerous that any time you might get infected. So it might be a huge chance for bitcoin and cryptocurrency to be used by a lot of people because ir will be more convenient and safe for all of us who is about to purchase goods at the supermarket.



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March 19, 2020, 06:36:31 PM
 #11

Why use bitcoin if you can just as well send electronic fiat to each other? Delivery services around the world will probably not accept bitcoin.
And then what do quarantined people do? Forward bitcoin to each other until they die?






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March 19, 2020, 06:54:46 PM
 #12

I don't see people actually using Bitcoin or really any sort of cryptocurrency more as a result of the global pandemic that's currently happening. Cryptocurrencies are generally just unfamiliar to most people, and the volatility that's common with crypto that we've been experiencing as of recently is also unattractive to newer crypto users. If anything, already established services like PayPal are probably getting more traffic and volume as a result of this.
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March 19, 2020, 07:12:05 PM
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This is not realistic yet because the world population is not all aware of the cryptocurrency. Not everyone who's aware of it can use it and not everyone who is I to cryptocurrency is safe to transact funds from one end to the other. Mass adoption is yet far for cryptocurrency.

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March 20, 2020, 08:23:34 AM
Merited by kawetsriyanto (1), Raja Singa (1)
 #14


Yes, bitcoin is indeed a very good solution at this time, because through fiat money any virus will spread faster, not only coronavirus, because the circulation of fiat money from one hand to another is a common thing in life, so choosing bitcoin as payment, or saving assets is very good, just not all of the items we can buy with bitcoin, because until now there are not many stores that serve payments through bitcoin, so this is a barrier for bitcoin at this time.

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March 20, 2020, 09:19:27 AM
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I don't see how Bitcoin will help here, the transaction safety is way cool than Fiat but people will still prefer to use Fiat instead because it's more supported than Bitcoin presently, many still don't know what crypto is, it's like only 1% of world population is into crypto

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March 20, 2020, 09:25:02 AM
 #16

Maybe in the near future, but for now, bitcoin is not the way out as a preventive measure for all nations.

There are several countries who do not recognize or term bitcoin as a payment of service, and mind you'; you can only buy or sell with bitcoin as payment mode if the other party admits or agrees to receive payment in btc.

So for now, lets stay safe and continue to educate those around us about the importance of bitcoin and crypto currency to the world.
After this pandemic, we all have a mission to educate people and countries on how to use Cryptocurrency in times of crisis like what is happening in the world right now, here in our country there's not many shops that accepts Cryptocurrency we can only trade our Crypto to fiat to buy our daily needs but at least I can use my Crypto to pay my internet, and electric bills and cell load

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March 20, 2020, 09:29:04 AM
 #17

During these lockdown and quarantines
Lockdown and quarantines will not solve the problem, because this is only a limitation on the spread of others, but will occur to people around him.

You have to remember also that online payments using digital fiat is available too
Yes I know that, but Digital Fiat is also part of Bitcoin, because Bitcoin is also part of digital. What I want to convey is that Bitcoin (Cryptocurrency / Digital Fiat) has no physical objects, so there is no transmission.

Maybe in the near future, but for now, bitcoin is not the way out as a preventive measure for all nations.

There are several countries who do not recognize or term bitcoin as a payment of service, and mind you'; you can only buy or sell with bitcoin as payment mode if the other party admits or agrees to receive payment in btc.

So for now, lets stay safe and continue to educate those around us about the importance of bitcoin and crypto currency to the world.
Yes, precisely because there are still many countries that have not recognized Bitcoin or Crypto as a transaction tool, so they must realize how important Bitcoin is in this life.

Those stores are still accepting fiat payment and bitcoin becomes a secondary solution for people to people transaction. Honestly, i wanna say based on the fact if we have a bunch of the online payment system platform. It's better to consider bitcoin as a commodity rather than a payment system. The trend of fiat is going down but people still prefer to use a balance payment system.
But we must understand that leaving Fiat is against the state, because the state has an interest in this. Corruption will never occur with crypto, because the transaction system is transparent.

For P2P transactions, it is understandable to use the cryptocurrencies but the situation is a bit different for the payment gateways. The BTC and blockchain is not an efficient solution for the daily small transactions, the people have habits and changing this traditional method will take time.
Yes, but there are other low value cryptocurrency, such as Ethereum for small payment. For example buying one cup of coffee, then it can't be done with Bitcoin because the number is high, then we can use Ethereum as another solution.

In my own personal opinion, maybe this is really the time for bitcoin and other cryptocurrencies to be recognized and known by a lot of people all over the world because using cryptocurrency can also help us to prevent the virus from spreading when we are making purchases in malls or other stores.
Yes, I agree with you. This is the time for Bitcoin or Cryptocurrency for payment solutions. It's just that we need to introduce it more broadly to the community, and teach how to use it. That is, this is a joint task. Especially those who have projects related to cryptocurrency.

To be honest, people are already using money transactions with digital, but not with crypto.
This is like every country's fiat money in digital form and can be used for daily activities.
Imagine buying groceries for $ 1-5 with a fee of over $ 0.5, it will feel difficult.
So you mean it happened but didn't use crypto.
Therefore, if we do not use crypto, it will be difficult to make payments with digital Fiat, because the nominal transfer and fee are high. If using crypto, say ethereum, we can make payments, because we can transfer ethereum in small amounts.


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March 20, 2020, 09:31:36 AM
 #18

It might helped if we introduced bitcoin as payment on many shops but now we are not having much places which accepts crypto currencies so this will be only acts as storage of value for financial crisis all over the world.

Don't be afraid of corona,just build your immune system then you have 99% of getting recovered even after the virus attack.

This is unfortunate situation for those who have underlying health problems because it will be hard for them to fight the virus. The reason why the high percentage of deaths are in the elderly age or with prior health problems. But hopefully the ongoing trial vaccination will be fruitful in the coming days and will be released as soon as possible. The bottleneck with bitcoin is that in most cases, we still have to convert it to fiat before we can spend it as only few local merchants to none are accepting bitcoin.

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March 20, 2020, 09:36:17 AM
 #19

If I am the listener and that is how it is going to explained then I am out.  Grin
We can use the time now when people are at their homes and quarantined.
Time to explain and not time to show some meme's just to prove something else.

Oh yeah I will buy bitcoin so that there would be no germs or virus that can go near me.
That is not how it is suppose to be.
I bet they will not even try it.
It will be better to explain it for longer terms.


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March 20, 2020, 10:02:51 AM
 #20

That is not really a meme,,, are memes not supposed to be funny? Cannot see this going viral as this is just a version of cash versus digital currency,,, which you do not necessarily need Bitcoin for!

Thank you Davian144 for a REAL meme;) I rate it 4/10 Wink

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