Covid crisis & evolving phases

[pixie85]

This pandemic is not going to become anything bigger than it's already is. The number of cases is increasing but the number of deaths per case is decreasing.

Of course this is just the beginning. In time we'll have a new more mutated version of coronavirus or another mutated bird flu or something else. People already know that Internet stores and cashless transactions are the future and those who had no ability to use them before the outbreak will for sure be ready for another one.
Bitcoin also should be ready with faster and cheaper transactions and an infrastructure to accomodate all buyers in case of a new pandemic.

[cabron]

If the COVID crisis continue next year, more and more people are going to move to digital payments. I have already seen stores in my town accepting digital payments. Once its normalized that people who has no idea how to do it gradually learn to pay using their mobile phones, the adoption to cryptocurrency increases. The entire world if not all have android phones already to use for this purpose so we are set to adopt it.

[Yamifoud]

Using cashless payment has been encouraged this time because of the pandemic but I know this will never be forever and the crisis will be over soon which makes people get back using fiat again at that time. Well, I consider this an evolving phase but not actually that we are at the finished line yet, it takes more time, gonna be years or more to make it and not only because we are in COVID-19 but because people are fully adapting crypto leaving fiat at all.

Anyway, since we are already in this situation, why not maximize the use of Bitcoin? We have this option and it also gives us a comfortable way in payment system.

[Twinkledoe]

Using cashless payment has been encouraged this time because of the pandemic but I know this will never be forever and the crisis will be over soon which makes people get back using fiat again at that time. Well, I consider this an evolving phase but not actually that we are at the finished line yet, it takes more time, gonna be years or more to make it and not only because we are in COVID-19 but because people are fully adapting crypto leaving fiat at all.

Anyway, since we are already in this situation, why not maximize the use of Bitcoin? We have this option and it also gives us a comfortable way in payment system.

Not many people will have the opportunity to use bitcoin as not all of them are willing to try crypto. Either they do not want to try cryptocurrency because of less to no knowledge of using it or because of their knowledge that crypto is somewhat used in fraudulent activities. Though many want to be cashless nowadays, but still using fiat can't be avoided in some transactions. And using only digital payment would take time to be accomplished.

[LogitechMouse]

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

For sure people will surely use digital transactions for a long time because of this pandemic but still there are some who will prefer to use physical cash because they don't have any digital cash.

This pandemic surely affected many people globally and the WHO said already that there is a chance that the virus will stay even though there is a cure being created soon. Although people are leaning towards digital transactions right now, I don't think that it will be like that permanently. There will be a time where people will go back to the normal transactions where they are using physical cash but it will take time for that to happen.

[Shasha80]

It is true that this corona virus forces us to change our lifestyle to be cleaner and always use digital currency to avoid physical contact.
But this does not make everyone permanently change always using digital currency. Even in the area where I live people just to go back
to using cash money after the government reports that there is a decrease in the number of people who are positive  for the corona virus.
The conclusion to change the behavior of all people is not as easy as imagined, especially for old people the habit of using cash money
considered more comfortable.

[Sadlife]

As i can see even IMF shared their positive feedback towards innovation and replacing the old Fiat monetary system that's fundamentally flawed, and currently in a brink of collapse due to its infinite money printing that's devalues other money already in circulation especially in this times of pandemic they're printing trillions of new paper money every day.

[seoincorporation]

As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

This is good times for digital services... i have a local web development service and is on fire nowadays. And the crypto casinos have nome action than ever. So he crisis is for local business, not for the online ones

[Kelvinid]

As i can see even IMF shared their positive feedback towards innovation and replacing the old Fiat monetary system that's fundamentally flawed, and currently in a brink of collapse due to its infinite money printing that's devalues other money already in circulation especially in this times of pandemic they're printing trillions of new paper money every day.

The government isn't particularly giving way for crypto to dominate the market and outplays fiat money that is why they keep printing paper money to anticipate that digital transformation. Because if people are in the go to Bitcoin, its likely they can't make benefits from it.

With this circumstances, its either not see Bitcoin willfully adopted globally, the existing fiat monetary system will still be dominating. And so people will still make use of fiat than to adopt cryto.

[theskillzdatklls]

I've always been big on both cash payments and crypto payments when possible as I think it's better for both individuals, companies and society.

Coronavirus has had zero impact on my underlying beliefs about any of those systems.

[serjent05]

As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

I think this will depend on how the government reacts and establish guidelines for finance transfers.  If the government make it available and implement the guideline strictly about the use of digital currency then it is possible that consumer will be inclined to change the behavior towards digital currency "permanently".

[lepbagong]

As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

I think this will depend on how the government reacts and establish guidelines for finance transfers.  If the government make it available and implement the guideline strictly about the use of digital currency then it is possible that consumer will be inclined to change the behavior towards digital currency "permanently".

It seems that in many countries the application of digital money is strongly recommended because it is clear to avoid direct contact that could make a new pandemic occur. by not using paper currency, the certainty that new pandemic will be avoided from each transaction using paper money will be reduced even though the use of paper money is still a very favorite transaction in several countries. because the use of paper money is still dominant in traditional markets and we cannot avoid it, even though there is an appeal but the use must still be done because of the habit in the traditional market.

it's actually clear the government will be helped if people want to use digital currency. but it may not always have to be with crypto money, because now it has also developed in many countries digital money held by several companies that are not directly connected with banking.
Digital money is very much helpful in a pandemic like this, because the growth of online services is very significant and transactions through digital money are needed.

[Oasisman]

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

Depends, if the digital payment system flaws will be fixed.
To name a  few such as  ;
- Sudden offline status
- extra charges/ transaction fees
- universal acceptance of all payment processor.
Though with the current pandemic, most of the payment processors will surely have enough time to study on which area they're able to improve specially now that we're expecting a massive volume of digital transactions.

On the other hand, the rise of digital currency today is an advantage for Bitcoin. But the problem is, does people use it as a primary option?

[maxreish]

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  

it may affect of course. In our country, there are more people who wanted to learn about digital currency as well as digital payments as transactions. Especially that our government implemented another modified enhanced community quarantine(MECQ) in our area. Thus, people will make another interesting approach towards digital currency.

[AniviaBtc]

So far, it looks like the pandemic is here to stay. Countries are apparently trying to adapt to e-studying through online classes.. There are also lots of people who've adapted to credit card payments instead of cash as well. which means we're clearly going the digital way.

That's why many people said that this is the best time for the digital currency to become useful and popular, especially cryptocurrency. People are scared to go outside, to pay bills physically and going outside, that's why they settle to pay online using third parties or online apps that will process their transactions. It is less hassle and you don't need to go outside and risk your health, you are just sitting in your house, accessing your digital wallet and then you can pay anything that you need to pay.

This pandemic is the best season also for online businesses as people are only shopping online and rely on those shipment or deliveries, which is good.

So if you will try to make a business, don't hesitate to invest an online shops.

[cotton ball]

Any prediction will be the end of covid 19 and have possibility at this year corona virus will be success stop around the world, my country keep continue every day get new victim more than one thousand people, I think is very big amount and until today above thousand hundred people become victim of covid 19.

[Slow death]

To be honest, this has shown that the world needs to take a different stance towards physical currency, I think that many governments should start educating people to start using electronic currencies and forms of electronic payments in the future. I don't know if bitcoin would be a good alternative to be used as a means of payment because of volatility, but there are many altcoins that can be very useful in this part of electronic payments.

[erikoy]

Because of comfort of having digital transaction many of the users will tend to use it as an advantage and comfort on their part. This is why I cast my vote on that digital currencies may become the best option in transaction. However, I doubt about bitcoin. It seems hard to use this technology due to market value volatility and transaction cost per conversion of bitcoin to fiat. As we all know most establishment accept.btc as payment but it is automaticaaly converted to fiat once thet receive it using a system that could cater this process.

[Assface16678]

Right now we are avoiding having an interaction with other people and even we are trying to escape this still there is a contact with this and how it is? Money.

Money is one of the dirtiest things of all time because it came from the hand of different people and sometimes we didn't disinfect this thing and right now we want to secure our selves to not getting attached to this virus and what is the effective thing we could do? Digital currency.

Today we are using more on online transactions we don't want to get outside because the virus right now is airborne and also with the help of the online transaction more convenient and less hassle but how about the cryptocurrency right now there are some of the people and business accept this kind of payment so think sooner or later they will adopt this kind of changes.

[ChiBitCTy]

I think the corona virus is going to change many things permanently, some for the better and some for the worse.  I do think a big part of gold and bitcoins rise is the fear of a global depression and these assets will be used as "safe havens".  I think this will teach people that it's important to have those safe havens which will lead to long term upside for bitcoin and other crypto coins.