Bitcoin and COVID

[Negotiation]

Bitcoin will help us in many ways to deal with the current epidemic situation  If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

[imstillthebest]

Bitcoin will help us in many ways to deal with the current epidemic situation 

like for example what  ? i dont think btc can help us in many ways but maybe few only  .  like transacting wirelessly and it can act as a sideline business during these times were real business were temporary shutdown  .

If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase.

if btc is the solution to recover then why not people invest on it but nah they arent  . many people still dont know the benefits behind btc but i also dont think it can easily revive a broken economy   . btc is too small for that  .

Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

when you invest , there were risk too so it can realy solve your financial issues but it can also make it worst   . just saying

[michellee]

I am sure bitcoin adaptation still running although we don't know how many people who already join in bitcoin world in this pandemic because many people stay at their home. But I believe that people browse the internet while at home so they can know what bitcoin is, and they can try to buy and use bitcoin as the investment. Meanwhile, bitcoin price will back to $10k again, and we still have much time to wait for that price, so there is no need to worry.

[PavelMed]

Before this pandemic outbreak happens we see that the market price of the bitcoin are running toward to good market value from the month of February it takes the peak for over $10,000 which a huge amount and having warming welcome back to the market income of the coin, but in just a single month the market price of the bitcoin falls down into the month of March and reaches the value of $3,800. In some cases, there is a huge impact of the pandemic outbreak into the economy because the stock and shares falls down but the thing is the market price of the bitcoin are still going into the uptrend. Many people stated that bitcoin becomes a safe haven because it still has a good market price that is continuously pumping. Also, the use of the bitcoin has huge benefits to the whole economy if they will adopt this it may prevent the virus from spreading too. If we use the bitcoin or the cryptocurrency as a transaction we can now avoid getting outside just to transfer your funds, also we can use this for having a secured transaction, and one of the best thing we will not touch any tangible money which is dirty money can cause rapidly spreading the money.

What do you think about this bitcoin adaptation? It can benefit while we are having this pandemic outbreak.

I also think that cryptocurrencies as a whole have relatively good times. Maybe we are still far from 2017, but Bitcoin is calm, despite all the horrors that take place in traditional markets. I hope that people understand the possibilities of digital currency.

[Kemarit]

I am sure bitcoin adaptation still running although we don't know how many people who already join in bitcoin world in this pandemic because many people stay at their home. But I believe that people browse the internet while at home so they can know what bitcoin is, and they can try to buy and use bitcoin as the investment. Meanwhile, bitcoin price will back to $10k again, and we still have much time to wait for that price, so there is no need to worry.

$10,000 is a big barrier and I don't think that because people are just sitting in their home with their machine and see bitcoin pop up when do search, we will see the price going to 5 digits again, it will not be the case. Lock downs around the world are easing already, so if your argument is true, then we will not see bitcoin at five digits? What we need is more people understanding the true nature of Bitcoin and how they will used it, Store of Value, investments or for trading to make more money.

[kotajikikox]

Photo credit to CoinTelegraph

What do you think about this bitcoin adaptation? It can benefit while we are having this pandemic outbreak.

Bitcoin adaptation is still in progress and actually its been running for more than 10 years now and we can see the good response of the people around the world.though this is not faster than Paypal(because of Bitcoin Volatility) at least we can find a safer investment for long term and not just for daily profiting.

I am sure bitcoin adaptation still running although we don't know how many people who already join in bitcoin world in this pandemic because many people stay at their home. But I believe that people browse the internet while at home so they can know what bitcoin is, and they can try to buy and use bitcoin as the investment. Meanwhile, bitcoin price will back to $10k again, and we still have much time to wait for that price, so there is no need to worry.

It is most important is the Volume of people that vested in this market because eventually in a matter of time and they found out that this is profitable,for sure they will Put their money inside and may add amount in future,what we need is for the whole world to acknowledge this market at the same time currency.

[raidarksword]

This brought good side effects especially to those people who are into cashless transactions using bitcoin or any crypto available especially covid-19 is always a threat no matter what and it urge everyone to stay at home at all cost. Covid did harm crypto industry especially to bitcoin that everyone started to panic sell and literally the price of bitcoin got dumped hard but everything was a good disguise for bitcoin to be the first option of sending money without going outside. This pandemic may have negative effects but it didn't stop people to make profit out of bitcoin.

[Musekay]

I think the price of bitcoin will continue to rise though. Cause with this pandemic and certain informations circulating that the virus can be spread through fiat currency. Well digital currency might be the way out.

[dominos]

Bitcoin will help us in many ways to deal with the current epidemic situation

What do you mean by that? Are you thinking about paying without a cash in hand?

Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

Sorry, but you are wrong. Bitcoin has been affected by the virus, just in a simple way - price decrease. On the other hand, investments into blockchain startups might be in lower amounts, just because of lower equity in VC funds.

[Gozie51]

I think the price of bitcoin will continue to rise though. Cause with this pandemic and certain informations circulating that the virus can be spread through fiat currency. Well digital currency might be the way out.

I think this point is a good reason that bitcoin is still sailing for now otherwise, the economic lockdown is one big challenge for investment because of no physical buying and selling as much and people are then looking to invest online.

[Oasisman]

I can see so many glitches if ever people tend to adopt and use bitcoin for online transactions. -fees (higher than usual) and slow transactions are one of the problems of it.
 

High tx fees and slow transactions are just a normal reaction when one of essential part of blockchain can't accommodate the massive work load in the network, like the massive transactions in the mempool.
Though, there's no denying that this has been the problem for years.
During this time of pandemic, Bitcoin isn't the only option for cashless transactions, because banks also has cc and debits, and other digital currency. But, Bitcoin could be one of the best investment during the economic recession.

[Vannie12]

It is the acceptance that counts and would make bitcoins and other cryptos be more valuable. Banks have their own ways to make cashless transactions. Cryptos will always have that cons regarding the transactions and volatility, patrionizing it will not assure faster transactions and accompanied by higher fees.
Banks on the other hand are still as flexible and secured nowadays since it is more accepted in the society.
As long as cryptos are not yet supported and developed fully, it still has a long journey.

[reliable]

I think the price of bitcoin will continue to rise though. Cause with this pandemic and certain informations circulating that the virus can be spread through fiat currency. Well digital currency might be the way out.

I think this point is a good reason that bitcoin is still sailing for now otherwise, the economic lockdown is one big challenge for investment because of no physical buying and selling as much and people are then looking to invest online.

Also looking at the way the btc has crossed 10k levels some times back will make people to switch from their other investment to make it into btc and thus due to which demand will also increase . Also market is back trading at 9700$ so good time to continue buying in bitcoin .

[AniviaBtc]

Bitcoin will help us in many ways to deal with the current epidemic situation  If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

We need to deal with it, bitcoin is really affected by this pandemic and all of us are suffering due to the lack of financial help from the government. Our assets like bitcoin can be spend but if you're a wise holder, you will control it so that you will not lose any amount.

This pandemic is somehow a good influence because we can focus on our bitcoin and observe the market without any distractions. Time management is really important during times like this so we can prioritize things that we should do and minimize procrastination when we need to do important things just like this.

All of us want to grow our bitcoin but we should treat this COVID-19 as a positive effect in terms of cryptocurrency. But this pandemic is never a good event for those people who are suffering and dying on this disease.

[$crypto$]

I can see so many glitches if ever people tend to adopt and use bitcoin for online transactions. -fees (higher than usual) and slow transactions are one of the problems of it.
 

High tx fees and slow transactions are just a normal reaction when one of essential part of blockchain can't accommodate the massive work load in the network, like the massive transactions in the mempool.
Though, there's no denying that this has been the problem for years.
During this time of pandemic, Bitcoin isn't the only option for cashless transactions, because banks also has cc and debits, and other digital currency. But, Bitcoin could be one of the best investment during the economic recession.

In high transactions there is definitely a delay but it won't take too long because the blockchain network is so strong that it can accommodate more when many are tx.
But in this pandemic there are still some who use bitcoin and include cc, and debit and therefore continue to speculate on the use of bitcoin that is increasingly current because some people also do not know about bitcoin transactions.
So from I think if we pay close attention it is better to choose bitcoin with high surges even though it is a high risk that must be faced.

[michellee]

$10,000 is a big barrier and I don't think that because people are just sitting in their home with their machine and see bitcoin pop up when do search, we will see the price going to 5 digits again, it will not be the case. Lock downs around the world are easing already, so if your argument is true, then we will not see bitcoin at five digits? What we need is more people understanding the true nature of Bitcoin and how they will used it, Store of Value, investments or for trading to make more money.

No, that will happen like that. But people will buy and sell bitcoin will make the price up to and down, and back to $10k. Maybe it will not happen in a short time because people need to think and learn more before they decide to join in the bitcoin world. There is so many advertising about cryptocurrency in many places. That can attract their attention to the search for more information about cryptocurrency.

It is most important is the Volume of people that vested in this market because eventually in a matter of time and they found out that this is profitable,for sure they will Put their money inside and may add amount in future,what we need is for the whole world to acknowledge this market at the same time currency.

The number of people who join crypto will increase, we need to be patient because I think they still search for how they can use bitcoin and altcoin, how they can buy bitcoin and altcoin, and else.

[ADLANE33]

Bitcoin will help us in many ways to deal with the current epidemic situation  If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

I do agree with your overall statement - we should invest in bitcoin now, it can really help out countries in trouble and their citizens.
However, you should understand that bitcoin was affected by the virus and current global stock market situation too.
But bitcoin was and is a safe haven for a lot of people who has cash which devolves really fast

[Barbut]

Bitcoin will help us in many ways to deal with the current epidemic situation  If many countries are suffering from economic problems due to Covid-19, then if we invest in Bitcoin, it will help the country's economy to improve very quickly and the speed of transactions will increase. Bitcoin has not been affected by the virus so investing in Bitcoin is a great opportunity to overcome financial problems.

I do agree with your overall statement - we should invest in bitcoin now, it can really help out countries in trouble and their citizens.
However, you should understand that bitcoin was affected by the virus and current global stock market situation too.
But bitcoin was and is a safe haven for a lot of people who has cash which devolves really fast

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.

[Janation]

Usually, when people write that Bitcoin will be some kind of breakthrough that can help us in a pandemic, I immediately have a logical question, why not, plastic cards will help us in this? They can also easily pay for something without leaving home, what is better than Bitcoin in this situation?

Bitcoin is good, but there is something better.

Every country has different fiats and each also have these online wallets. From known platforms like Paypal, to local wallets they are using, right now that is their better option this pandemic. Don't get me wrong though, Bitcoin is the best but with the acceptability of it right now, there is no way that stores will accept that quickly Bitcoin or either people use quickly Bitcoin.

[tbterryboy]

Even the simplest thing that bitcoin didn't lose too much value during this period and even gained a bit means that bitcoin is awesome against any world issues. This pandemic was a global thing, and we are talking about a level where everyone stayed at home and companies didn't worked and so forth, even with all of that bitcoin stood its ground.

Not gonna lie it dropped a bit for a while, the price bottomed at around $3.6k for a quick moment but was around 5-6-7 thousand dollars for a long period like a month or so, but look at us now, we broke over $10k just the other day. So at the end of the day bitcoin is protection for your wealth, it is not protection for your "money" because money changes, but it is protection for the "wealth", whatever you were capable of doing back in the day, you will be able to do after years even if inflation and other stuff happens.