Isn't this the best time for Bitcoin?

[Gafman]

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

[mk4]

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

[SeaBits]

Platforms like PayPal, Venmo, Cash App, and online banking exists; whereas people have been using since forever anyway. Simply the world moving more into digital payments doesn't necessarily mean people will be using something that's slower and volatile. Bitcoin will have it's moment, but I don't think this is it.

To add to this, bitcoin will definitely have it's moment. Events like this put it in the news more often because the media might use it in examples showing how it's an actual investment and not just magic internet money. Also during this time the halving is happening in 24 days, this has caused a lot of traders, investors and new comers to come out of the wood work.

Stay tuned, these are exciting times.

[cabron]

There is no other time but to buy than now. Don't wait for BTC time to dominate because by that time BTC price will also go up and you may not be able to afford it. Its got its time maybe tomorrow, maybe next week or next year but don't wait for its moment. Just look at how those people who regret because they had not bought earlier before 2017.

[fiulpro]

Even if you stay away from Cash and ATM's you can still swipe the card , it is Preety much the same thing and you won't have to pay any excess fee , therefore I do think your point is a little off the mark .
It is undoubtedly the best time for Bitcoins since Bitcoins is able to provide something that the government can't , security , job opportunities , a coin free from the individual country's inflation rate.
This time has provided an amazing insight so as why we need a decentralized exchange . It has supported people in a lot more ways they one can think .
I do think after today government will be more grateful towards the Bitcoins and other cryptocurrencies as they have provided people with a secure outlet where they can trade And even send overseas money which costs much less.

[sunsilk]

I think this is the 2nd thread that deals about how bitcoin is reliable in these times of pandemic. Yes, it's best to buy bitcoin and use it for payments because there's no need for hand to hand interaction.

No virus will be transferred just like what the experts are saying about touching physical things because it can be another place for the virus to stay and pass onto another. But, everyone is in problematic days that we have to use cash to spend for our needs and people can't think of this.

[kayvie]

It would be good but the time for bitcoin to become one of the payment option will probably come but not for today. There is already an existing process or options that people is using to do transactions online, I don't think that they will just suddenly start using bitcoin because of the said reason.

[Jating]

Sadly, the world is in a state of islolation, probably the first time ever?

In our lifetime? our probably say yes, I'm sure no one was born yet when the Spanish Flu pandemic.

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

We still have the credit/debit card out there. So that will be the first option for bank people. And remember that bitcoin is not yet universally accepted, so it might take some time. However, if you are into investing on bitcoin, of course, there's no wrong or right time, as long as you are willing to take the risk, then go.

[Nadziratel]

Sadly, the world is in a state of islolation, probably the first time ever?


Definitely, first time ever for globally with this measure. Almost all northern countries staying at home right now.

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

I'm sorry but I partially agree with you on this. I agree it would be nice to be able to pay with Bitcoin now and it would be a healthier form of payment. But Bitcoin is not yet able to handle the burden that will occur when the whole world wants to implement it. So if the whole world started to pay with BTC at the same time, how long would it take to confirm the transactions?
I'm not sure even Ethereum, which has a relatively better approval period, can handle this load. Even if other cryptocurrencies can do it in speed, I do not include it in the subject as its competencies can be questioned.

[noorman0]

It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

If you buy physical goods, you must interact directly with the seller to receive the goods.

The point is not as good as you think and I think it has nothing to do with a pandemic solution. Bitcoin is not one of the best tools to avoid or minimize the spread of viruses. It is no different from other online payment systems.

[ancafe]

the reality is education about the function of bitcoin is still not widely known by people, especially for those who are not so concerned with the development of this technology. if bitcoin becomes a solution, I think, the government should provide education about this. it's just that, thinking that the government needs to think about education while they are still pros and cons regarding cryptocurrency, it doesn't seem like it will be easy.

[Twinkledoe]

Though it is very convenient if we can just use bitcoin in this challenging time but not many merchants are accepting bitcoin especially local merchants or shops. Also, up until now, not many crypto users want to use their bitcoin for everyday expenses because as much as possible they want to save it for the idea that one day, it will increase many times.

the reality is education about the function of bitcoin is still not widely known by people, especially for those who are not so concerned with the development of this technology. if bitcoin becomes a solution, I think, the government should provide education about this. it's just that, thinking that the government needs to think about education while they are still pros and cons regarding cryptocurrency, it doesn't seem like it will be easy.

And yes, not many individuals are familiar with the use of bitcoin or crypto. Even if they will start learning now, still it will take time for them to grasp how they will transact using bitcoin. But since using fiat money will pose risk for the transfer of this virus, many are looking for alternative options and one of them is bitcoin or via crypto.

[KrisAlex18]

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Well said mate, because of the virus bitcoin is now mostly used because of being afraid of going outside. There are so things bitcoin can do, it can be used as way of payment in our every transaction in our life.

As what we are now facing, cryptocurrency becomes more useful compared to fiat currency, so I think this is the best time for the bitcoin even though it goes down so low because of virus but now I think it is bouncing back again. There are already so many people who use bitcoin and other cryptcurrency because of what is happening now.

[Wexnident]

Cashless transactions don't necessarily mean the use of cryptocurrency/Bitcoin. Just like what others have said, there's the existence of paypal and the like. Let's not even mention how BTC transactions often have fees. Besides, disregarding those transactions that you pay for in bills, shopping for groceries require most of the time hard fiat cash/currency. This makes it harder for people with money on their banks/cryptos since most groceries don't have any type of digital payment system. That requires more improvement with regards to the companies that hold those groceries in the end, hence the inefficiency of digital payment at times. Still, I'm not saying it's bad, just that it hasn't developed fully yet.

[royalfestus]

What anyone should consider is if any purchase of the asset will be profitable? ultimate yes, it will be profitable, something in x10 more but the huddle like every business is when, how long it will take to take this profit from the parabolic boom? It wont be wise to predict to anyone that the price may never dump from where it is at the moment into the bull-run. The volatility has the advantage and disadvantage and every investors should learn to be long-term.

[LogitechMouse]

No.

We know what are the benefits of a cashless society and right now that cash can be a spreader of virus, cash isn't used right now in some of the countries. Now is it enough for Bitcoin to shine? I don't think so. People and some of the investors right now are opting to have cash right now or in some people, their own currency than using Bitcoin. Bitcoin isn't accepted in some markets and establishments so they choose to use their own currency right now to pay it using digital applications. As they said, there is always time for everything but it is not the time for Bitcoin yet. More adoption is need and we don't need this pandemic for the Bitcoin to be used.

[kryptqnick]

Sadly, the world is in a state of islolation, probably the first time ever?

But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

Stay safe, Stay home
Thank you.

Bitcoin could be awesome and its potential might get more apparent nowadays, but I don't think it'll help us this time. People are advised to go out only when they need to see a doctor, to buy food or to go to the pharmacy. I would buy this stuff with Bitcoin if I could, but I can't. And the same is the case for pretty much everyone, right? And thus while Bitcoin could be the safe kind of money, it's not, not for now. Thus it's also time when Bitcoin rivals get more adopters since people who might be used to cash are trying to use alternatives for safety reasons.

[yazher]

There is no other time but to buy than now. Don't wait for BTC time to dominate because by that time BTC price will also go up and you may not be able to afford it. Its got its time maybe tomorrow, maybe next week or next year but don't wait for its moment. Just look at how those people who regret because they had not bought earlier before 2017.

I agree with this because we have seen so far that even though the price of Bitcoin went down this year, it recovered just before the Bitcoin halving comes. this is one of the reasons why bitcoin is unique than the other cryptocurrencies because of its historical recoveries. now we need to think about it if we want to invest the time right now is just right.

[Little Mouse]

WHO has rrecommended using system which do not require touch one to another. But the problem is how many people know about Bitcoin, hoq many stores accept it and how many countries allow bitcoin?
Bitcoin to be as the currency of daily payment will need a lot of times. It is not the time yet.

[sheenshane]

In a time of crisis where coronavirus can be easily spread and may infect anyone, online transactions are the best option. Contactless payment through Bitcoin is always the best option. Cash that is being handed from one person to another continuously then virus can also be handed and pass it from one person to another. Bitcoins and cryptocurrency are digital that means it is appropriate and necessary nowadays. With bitcoins, we can avoid the spread of the virus because it is digital and it will not be necessary for us to have the physical coin for transactions.

However, there are also another method of cashless payment. E-banking system.