Isn't this the best time for Bitcoin?

[samcrypto]

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.

Great point mate, we have to calm down and don’t put too much effort on bitcoin because we are competing on a big market and even before, banks have their own ways to transact online. I take this time to study more about cryptocurrency and wait for a more cheaper price, this is the best time to accumulate and bitcoin will grow more but we can’t stop people from using banks instead of bitcoin, its their choice.

[Yamifoud]

Some big establishment has come to find a way in order to continue their services in front of the crisis and offering online payment system has been created. It isn't a new thing to happen since they are giving the comfort of their client but wondering how it gives a huge effect in regards to crypto adoption and might giving them an option to disregard crypto. That is why we can't see a massive impact on crypto this time and even seeing a huge increase in users because of this option. So we can draw a conclusion that Bitcoin and crypto adoption has never been so strong and we can't expect that people would accept it in the future.

[bitcoinst]

As mentioned above, volatility and speed are the main obstacles to Bitcoin becoming a competitive digital currency.
In a time similar to current ones, people will prefer familiar financial systems with fiat electronic money, at least because they will consider them safer.
For investing, also, is a dubious period, bitcoin is showing a positive trend, while a financial crisis is coming.

[thesmallgod]

I hope you understand some payment options such as paypal, VISA and Mastercard can also be used and many online and offline stores accept all these more than cryptocurrency. While at this period, the use of fiat currencies are not encouraged other means of payments are being consider except some merchant that have long history of accepting crypto

[taufik123]

Yes this is the right time, but before implementing it there are still many things to consider such as bitcoin price fluctuations and price manipulations that often occur and are controlled by whales.
Bitcoin has a good and transparent technology, but it must also be matched with existing regulations, not just applying, but needs more in-depth research.
The use of Bitcoin will indeed reduce the use of Cash and ATMs and the spread of the virus can be reduced.

[BlackFor3st]

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.

It is time for digital payment or using crypto currencies if in case the governments are ready for this as there are many factors that are need to be fix first in order for digital payment to be available to anyone either you are rich, poor, in urban area, in rural area and etc. And teaching someone is not easy, they can easily use fiat but do you think shifting to digital currencies will be easy for them especially if they have no background to it.

Let's face the reality that we are not yet ready to implement this kind of payment system but maybe in the future, if all the difficult factors will be solve and it will give a way for digital payment to fully replace fiat even if there are no virus around. And as you see, crypto are also struggling right now due to the effect of corona virus.

[Bukata]

No, Bitcoin isn't ready to become the world currency yet. Perhaps, Bitcoin isn't the only alternative to cash. 

If we keep saying it isn't ready to become a global currency, I don't think it will ever be, rather we need to work towards achieving that.

 Btc has great potentials and constantly limiting it won't help matters

[Excell110]

No, Bitcoin isn't ready to become the world currency yet. Perhaps, Bitcoin isn't the only alternative to cash. 

If we keep saying it isn't ready to become a global currency, I don't think it will ever be, rather we need to work towards achieving that.

 Btc has great potentials and constantly limiting it won't help matters

]You make a good point buddy, I have been guilty of this too, it's high time we change our perspective

If we keep saying it isn't ready to become a global currency, I don't think it will ever be, rather we need to work towards achieving that.

[mk4]

Great point mate, we have to calm down and don’t put too much effort on bitcoin because we are competing on a big market and even before, banks have their own ways to transact online. I take this time to study more about cryptocurrency and wait for a more cheaper price, this is the best time to accumulate and bitcoin will grow more but we can’t stop people from using banks instead of bitcoin, its their choice.

Not necessarily that we shouldn't "put too much effort" on bitcoin, it's just that regardless how bullish you are with bitcoin(so am I), it's really just better to be realistic with your expectations; in contrast to saying "this is good for bitcoin" every time we get any news that doesn't even to the very slightest relates to bitcoin.

[20kevin20]

Bitcoin's moment will be when people will be educated not to trust banks or any third parties. That's gonna be a long, hard road but we're on it right now. When we will all wake up to reality and realize how we don't really need a third party to be under control of our own financial assets, we'll know that Bitcoin is the key.

This is not our moment. I think it's going to take many years before people are going to start realizing the above. Let's not forget the fact that many still do not know even the basics of cryptocurrencies. We need lots of patience.

[Sanugarid]

Bitcoin's moment will be when people will be educated not to trust banks or any third parties. That's gonna be a long, hard road but we're on it right now. When we will all wake up to reality and realize how we don't really need a third party to be under control of our own financial assets, we'll know that Bitcoin is the key.

But for sure people will glorify banks when banks do offer them something they want in return, you can't just educate people with bitcoin because it has a huge advantage in any financial terms. I guess the time that you are trying to say is the time that we already have the grown up millennial who is techie and knows a lot of stuff in gadgets and internet. For now, you can't just teach old people how to use bitcoin to pay digitally, we don't want any people to be vulnerable in any kind of worse scenario.

This is not our moment. I think it's going to take many years before people are going to start realizing the above. Let's not forget the fact that many still do not know even the basics of cryptocurrencies. We need lots of patience.

Years and years of waiting, maybe in the next decade we'll start to see the progress. As of now I'm pretty glad to see the adoption process of some people and businesses across the globe.

[20kevin20]

But for sure people will glorify banks when banks do offer them something they want in return, you can't just educate people with bitcoin because it has a huge advantage in any financial terms. I guess the time that you are trying to say is the time that we already have the grown up millennial who is techie and knows a lot of stuff in gadgets and internet. For now, you can't just teach old people how to use bitcoin to pay digitally, we don't want any people to be vulnerable in any kind of worse scenario.

Years and years of waiting, maybe in the next decade we'll start to see the progress. As of now I'm pretty glad to see the adoption process of some people and businesses across the globe.

If our system wanted to, we could've included the old people in it too with a very simplistic concept. But Bitcoin isn't something the system wants. They want to have control over the money we have, and it is partially correct because there are instances where you just need to take control.

You're right too, Bitcoin is a hard-to-understand asset so educating people to switch over to BTC is a damn hard task. But it's achievable, although maybe not with our current generations. Time will see.

[iv4n]

This can turn to be the best time for Bitcoin. Global economy is falling apart, governments (all of them) are trying to do something, but will they succeed to do something? There're to many wholes, economy is broken, and we all know that! Is it time for bitcoin and blockchain to shine?! For that we need people to embrace this technology and start trusting in it more than they trust governments, most of us here are good examples of that! We trust more in blockchain than in any government out there.
We will see what is waiting for us in the future, we will be here, world will continue to turn around. Some things have to be changed, how nobody knows, but I am for blockchain for sure, and I advise other people the same!

[BlackHatCoiner]

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

It's not as easy as checking something on the internet. There are many suspicious people out there, they haven't study about bitcoin and they don't think it's a safe way of their transactions. We shouldn't forget that bitcoin is something like stock exchange. How many people want stock exchange? It's not exactly stock exchange, but this is how article sites of their country represent it.

No, it's not a time for bitcoin now. Unfortunately for us, it's obviously the time for paypal 

My thought.

[Ridwan Fauzi]

It could be a solution, but we can't pass it just because government regulation.

Does your country allow the use of bitcoin as a payment system?

That is the problem, we can use bitcoin as we wish but we have to aware to our government.

[pawanjain]

While bitcoin is a good way to make payments, there are still other fiat payment methods like Credit card and debit card which can be used for payments.
These cards these days also have tap n pay facility for which you don't even have to swipe the card in the machine.
So I guess while there are existing ways in which people can use fiat money conveniently, bitcoin won't have a chance for being used as an alternative.

[Hypnosis00]

it's not as easy as that friend, there are still many other alternatives besides bitcoin for online payments and Sudan is licensed in each of their respective countries. most and many people who do not know more about bitcoin and how to use it. we cannot force it

because they don't want to know either. Many people become ignorant of new technology because they closing such an opportunity to work with them.
We can't see Bitcoin consider as a currency itself as we don't have huge support from the community. It can just be hopes of no possibility to come because we ain't to push it and lead by example.

[Reid]

Yes it is.

But I hope there are supermarkets who accepts that kind of payment.
Sadly, there are not much.
You will still need to exchange your bitcoin into something which is being offered at the  cashier.
Cash or credit card or debit card only.

Perhaps, there will be a time we could see it there. Even for just one cashier.

[AniviaBtc]

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.

Probably, the virus really affects the price of bitcoin in the market that's why many whales are celebrating and planning to buy more bitcoin. People are panic selling because of this quarantine, they have no work so that they have also no money to spend just to survive this pandemic. There are people who are really selling and also holding some coins at the same time because they still want to trust bitcoin although it is in a downward price. We have nothing to do with that because if the market's movement is really in a crash, then we should become more patient and practice our self-discipline more as this pandemic is still on progress and people are not yet discovered or invented the vaccine for this virus.

[OrangeII]

we all suspect that this is the best opportunity for bitcoin. some people predict the price will go up very high. it's just that the current situation is quite different from what was expected. it might take time for that. even some opinions say that bitcoin is badly affected by COVID-19 today.
it's just that I feel that this is really right for newcomers because soon will be halving, they will definitely see the benefits of bitcoin and make adoption increase.