Bitcoin and COVID

[tabas]

Many more people need to think of Bitcoin as a safe haven for the next big rise. But Bitcoin can't help with the economic problems we face today, everything stopped, people need to find a way to start all over again, but where to find the money for that!? Just people who invested in Bitcoin earlier have benefits now, that should be a good lesson for all new investors.

Bitcoin can help us individually. Maybe you're thinking about bitcoin lifting up the whole world's economy, it's not like that. Some people who also invested in bitcoin have no choice but to exchange it in fiat because of the short in cash.
It can be the reality but if you are on the other side and you managed to keep your bitcoins and never sold, you can say that you are doing well.

[BuNga_cute]

I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

[Twinkledoe]

I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

It is really good to see those kind of benefits that we are getting as a crypto user, however, the population that is enjoying such benefit is very small as compared to the world's population. But at least, this situation showed to others about the potential benefits of using crypto and so the possibility of increasing the number of crypto users in the months to come is very possible. I think a lot of people who are non crypto users tried to search for bitcoin or crypto during this pandemic and some of them will be converted to crypto user later on.

[hahay]

I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread
of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin
can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can
trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.

It is really good to see those kind of benefits that we are getting as a crypto user, however, the population that is enjoying such benefit is very small as compared to the world's population. But at least, this situation showed to others about the potential benefits of using crypto and so the possibility of increasing the number of crypto users in the months to come is very possible. I think a lot of people who are non crypto users tried to search for bitcoin or crypto during this pandemic and some of them will be converted to crypto user later on.

Right, Bitcoin and / or other crypto and also maybe other digital money is a solution related to physical money which is in fact very vulnerable to the spread of viruses, and with the performance of bitcoin prices that can be said to be good so far this course will also be more triggering for investors and anyone to join and invest in the cryptocurrency market, so it is not surprising if there will be something big change from the growth that occurs in this cryptocurrency market.

[finaleshot2016]

Many more people need to think of Bitcoin as a safe haven for the next big rise. But Bitcoin can't help with the economic problems we face today, everything stopped, people need to find a way to start all over again, but where to find the money for that!? Just people who invested in Bitcoin earlier have benefits now, that should be a good lesson for all new investors.

Bitcoin can help us individually. Maybe you're thinking about bitcoin lifting up the whole world's economy, it's not like that. Some people who also invested in bitcoin have no choice but to exchange it in fiat because of the short in cash.
It can be the reality but if you are on the other side and you managed to keep your bitcoins and never sold, you can say that you are doing well.

Like what he said, those who invested early are the ones who will be able to benefit and convert into huge cash.

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

[GDragon]

I see the point that bitcoin can be a good way or alternative currency amidst the pandemic, also the point that digital transactions may help to prevent the virus from spreading. But I don't think that everyone is still capable of adapting these changes. From what I can see, there's a lot of problems we can face once the majority move from physical to digital transactions such as cryptocurrency.

Online transactions may be one of the prevention but there are lots of ways to make online transactions, it's not only crypto. If people would adapt digitally, it's more likely to be cards or e-wallets. Maybe in the next years or decade, cryptocurrency will get more recognition, but for now, the benefits we see of bitcoin and crypto during this pandemic is still limited to us who've been using it even before.

Same thought. If there will be someone who will benefit from this, it will only be us who are already in the market. Btw, I still use fiat currency e-wallets when I'm going to transact online. Whys is that? Its because goods and products I bought online doesn't accept crypto payments so I still need to convert my btc to my fiat currency. I will always choose the efficient one, there is still no reason to pay crypto if my fiat is still the efficient one to use. It will still be a long way, the idea of it was good, however, the world and business owners should also adapt to crypto payments so everyone can use crypto payments efficiently just like how we used fiat currency when transacting online.

[geyayy]

I see the point that bitcoin can be a good way or alternative currency amidst the pandemic, also the point that digital transactions may help to prevent the virus from spreading. But I don't think that everyone is still capable of adapting these changes. From what I can see, there's a lot of problems we can face once the majority move from physical to digital transactions such as cryptocurrency.

Online transactions may be one of the prevention but there are lots of ways to make online transactions, it's not only crypto. If people would adapt digitally, it's more likely to be cards or e-wallets. Maybe in the next years or decade, cryptocurrency will get more recognition, but for now, the benefits we see of bitcoin and crypto during this pandemic is still limited to us who've been using it even before.

Same thought. If there will be someone who will benefit from this, it will only be us who are already in the market. Btw, I still use fiat currency e-wallets when I'm going to transact online. Whys is that? Its because goods and products I bought online doesn't accept crypto payments so I still need to convert my btc to my fiat currency. I will always choose the efficient one, there is still no reason to pay crypto if my fiat is still the efficient one to use. It will still be a long way, the idea of it was good, however, the world and business owners should also adapt to crypto payments so everyone can use crypto payments efficiently just like how we used fiat currency when transacting online.

I share with your sentiments, sir. Me, too, is still using fiat currency whenever I am transacting online. Also, I will surely not be using crypto currency for buying and/or transacting online for I will be regretting it later on. Other cryptos still aren't stable and I might lose alot if I will be using this for payments. Let's just wait for more years for this currency to develop more and for the world to recognize its benefits, also for people and the world be able to adapt it naturally.

[Oasisman]

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

Not unless if he will hold it until Bitcoin hits new heights or hits another ATH. But, when the sole purpose of investing is to try to make money for a short period of time to bridge the gap of the economic recession during this pandemic, then I guess he came to the wrong place.
Bitcoin is an asset that cannot be affected by any global events not related to cryptocurrency, but basic knowledge about this technology will save you some money and effort.

[usekevin]

But if you just recently invested in bitcoin because of the bitcoin halving, it's kinda useless and won't help you during the pandemic.

Not unless if he will hold it until Bitcoin hits new heights or hits another ATH. But, when the sole purpose of investing is to try to make money for a short period of time to bridge the gap of the economic recession during this pandemic, then I guess he came to the wrong place.
Bitcoin is an asset that cannot be affected by any global events not related to cryptocurrency, but basic knowledge about this technology will save you some money and effort.

During this pandemic ,the price of bitcoin is not get into the top. This is best time to inverse and hold the bitcoin. We can expect huge rise after the pandemic and the profit percentage will be the maximum one  .Don't panic ,if you force to meet some dump in the price of bitcoin. Holding is most essential one of trading.

[kolbalish]

Because of this pandemic outbreak in the world, we are seeing a vulnerable economic situation in the whole world. Many countries already suffered because of this pandemic outbreak for the last few months. I am seeing it from very close in my country.

Bitcoin isn't need any physical office or any physical things to maintain. It can be used by using internet on online and people can use it from their home. That's why it is still exists in this situation also. The price is not so much but it can be said it is okay now for this situation.

[Rosilito]

Yeah, obviously using it has a significant effect to avoid getting exposed outside. But the thing is, not everyone has the material to adapt, some stores big or small doesn't know a thing about bitcoin and stuff behind it; how it works and risks associated with it. Not to mention that the government in a particular country were against with it. To add, in this case, oldies and big traders would likely to get/experienced the benefit in this .

Bottom line, it'll take time more than what we thought to have it function (it might be the pandemic were already over to see that almost everyone are into it). I wonder, what would the banks think with this .

[fiulpro]

Unfortunately one cannot just make 100% transition to only Bitcoins. In most countries cryptocurrencies are still frowned upon . We cannot go to the nearest vendor and ask him to accept the payment in Bitcoins.
Small payments in Bitcoins is actually more of a problem than choice.
Also at the same time I do believe that Bitcoins is the one supporting the economy and the people have an opportunity to earn through trading since the stock market is not a good option for 2020.
At the same time overseas transactions are right now much safer if it's done in Bitcoins. You have to go all the way to bank and at the same time it is dangerous for your health. Plus I do believe that keeping money in banks right now is very risky.
Bitcoins is the best performing asset according to the reports in 2020.
To increase the adoption of Bitcoins one needs to actually tell their friends and family to use it , as for me am gonna gift my brother some Bitcoins on his birthday and not Fiat.

Cryptocurrencies is undoubtedly very important for the whole world right now.

[elisabetheva]

Because of this pandemic outbreak in the world, we are seeing a vulnerable economic situation in the whole world. Many countries already suffered because of this pandemic outbreak for the last few months. I am seeing it from very close in my country.

Bitcoin isn't need any physical office or any physical things to maintain. It can be used by using internet on online and people can use it from their home. That's why it is still exists in this situation also. The price is not so much but it can be said it is okay now for this situation.

we know that bitcoin transactions use the internet network and it very immediately clear that there is no impact, instead it might be more flexible because of the more time available. because the implementation of "stay home" almost happens in all countries.

I strongly agree with you that with this pandemic the world economy is very drained to overcome the pandemic, which most countries are not prepared to face. many medical devices must be purchased because all countries need them so prices are very high and many countries do not even obtain and use medical devices independently which are not feasible. "pathetic".