The Importance of Bitcoin during the Pandemic

[pooya87]

what you have in mind is digital money not bitcoin alone because being "digital" is only one aspect of bitcoin and it is not even the most important one. the biggest bitcoin characteristic that makes it valuable and is the main reason why it keeps on growing is its decentralization. otherwise if you just want to make money online, don't handle cash,... then can use something like PayPal too!

[davis196]

OP,you are repeating things that have already been mentioned in the forum during the last few months.
Most of things you are writing either wrong or partially true.
Bitcoin is not a job.It's not that easy for total newbies in the cryptocurrency world to find a good job that is paying in BTC to substitute their 9/5 job.
Most of the features of Bitcoin that you are mentioning are the same as the features that digital fiat payment processors have.
You should learn more about Bitcoin,instead of writing pointless,unnecessary posts here.

[pragna]

Bitcoin is a famous and valuable digital currency in crypto world. Many hackers using it on their evil deeds,that's why many people says that bitcoin is useful for criminals and people involved with them. But despite that,bitcoins value keep on increasing and many others also said that bitcoin is important because of the technology that makes it work.

During this time that we are experiencing difficulties because of pandemic ,I can say that bitcoin is what we really need.Why? What is the importance of bitcoin now?
     >Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.
     >Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.
     >Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.
     >Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
       I know  there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.
   During this pandemic we need to: Stay at Home
                                                     Stay Safe
                                                     Stay Positive and Earn with Bitcoin

This is actually very true about BTC i think. BTC has changed the thought of  currency transferring system although it is digital currency. But now people thinking in a a new way that is positive side for all of us. Specially in Pandemic situation more people engaged with BTC when their income of source was zero for staying home. I also took one of be best income source for in this situation.  So i will also suggest everyone to take a chance as a main source of income staying from home by safe.

thanks.

[Latviand]

All in all the advice presented here carries some substance to it. It is true that while BTC has provided alternatives to those who know how to use it during the pandemic the digital fiat version was in effect even more dominant - as expected.

Bitcoin can possibly used more on digital transactions or online shopping. As people are not allowed to go outside and risk their health to go shopping, people tends to use their online wallet or online money to buy their necessities or their wants. BTC is really good for this season, this is a good investment and a good asset for people who are looking for a brighter future.

But, it is not a guarantee that you can't get the virus when you're staying at home. Of course there should be a mber of the family to go outside tl buy the basic needs. Or other circstances like those food deliveries where contact could be done by the foods being deliver at your house or the driver itself that will be a contact for covid19.

So, no one is safe even if staying at home but the good thing is that staying at home will somehow help to contain the spread of the virus within neighbors.

No, if you are strictly following the rules and regulations and those protocols of using PPEs and following the social distancing, then it is less likely for a certain family member to become infected when he go outside. Prevention is really much better, if you are aware about the virus, you will not get it easily because you are taking care of yourself.

The same in deliveries, if you sanitize or disinfect the deliveries or the things that you've ordered online, then it might make you safe from the virus. But when the delivery man comes, always do the social distancing and as soon as possible, he may live the item outside to have a lesser contact.

[JuSayCo]

Indeed. In this time of trying, where millions of people losts their jobs and so many losses that we couldn't imagine, Bitcoin is really a big help to everyone who knows its great features. Aside from working and earning, it can definitely help us managed our finances through digital transactions while following the safety guidelines from the government to just stay home. For me, its really recommendable in the City, where covid-19 cases rises higher everyday, so people will never go out often if its not necessary at all. Though, it can't really sustain our daily needs unless we have huge bitcoins stored in our digital wallets, but somehow it could really help with a little patience and hardworks here, having all the knowledge it requires. All the efforts will be paid off for sure.

[capitan_rocotan]

It was quite difficult to survive durong this months. Yet, cryptocurrency continued to fall and rise no matter what. And I managed to earn a bit.

[affandi]

maybe your intentions are good,, so that people avoid the covid-19 attack. However, in my opinion, the use of bitcoin as an alternative to online payments is less effective, because it seems that in every country including mine, many electronic money services have been widely used for various payment needs during this pandemic.
for people who already understand the cryptocurrency system, it is possible to make bitcoin a job like trading or even for investment. But you have to realize, not everyone has this expertise, even there are still many people who are not familiar with bitcoin.

[Eugenar]

Most of the things mentioned above speaks for every digital currency not only Bitcoin especially those points OP have mentioned preventing the spread of the virus. One thing I want to point out is this part:

     >Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
       I know  there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.

This is the common misconception of Bitcoin and other cryptos. It is not a good source income in a sense that it is still an investment and there's no assurance of profit. Indeed, the market price is increasing at a good rate but that's not related to the pandemic, so we could consider it as something which will not ALWAYS occur during a pandemic. But to try linking it in the current situation, given that many people lost their job, where would they get a capital to invest? If they would "gamble" their savings in an investment tbat is not a good solution to generate income because at times like this, assurance is a must because not all people could afford losing an amount right now IF EVER the market value of it fall in a sudden which is not impossible knowing how unpredictable the market is, in its nature.

[Zackgeno96]

maybe your intentions are good,, so that people avoid the covid-19 attack. However, in my opinion, the use of bitcoin as an alternative to online payments is less effective, because it seems that in every country including mine, many electronic money services have been widely used for various payment needs during this pandemic.
for people who already understand the cryptocurrency system, it is possible to make bitcoin a job like trading or even for investment. But you have to realize, not everyone has this expertise, even there are still many people who are not familiar with bitcoin.

let's talk about the time that it takes for the transaction to be confirmed, it is quite a lot as compared to other digital payment methods and the transactions made over the cryptocurrency network aren't reliable with much fewer confirmations, for example a bitcoin transaction takes almost 6 blocks to get confirmed and trusted but the payments made by the digital methods to shops are considered more reliable. Also, most of the population doesn't even know about these cryptocurrencies and they are happy in not knowing these things as they want to live a simple life and not want to complicate it more with these cryptocurrencies.

[kryptqnick]

Digital money is important during the pandemic because it minimises tactile contacts involving multiple people. Unfortunately, it is not an argument for Bitcoin, as long as fiat debit cards can do the job just fine. I haven't heard of retailers starting to accept Bitcoin as payment during the pandemic, to be honest. Moreover, while the value of Bitcoin has increased, I don't think it happened because it became more used as money. It's most likely due to people buying and hodling, treating it like they treat gold. The only point that makes Bitcoin stand out is crypto-related jobs allowing to stay and home earn.
As for learning to trade, I don't think the pandemic is a good time for additional financial risks. Learning new skills - sure, spending money on additional stuff hoping it'll pay off - not until the economy stabilizes.

[plvbob0070]

maybe your intentions are good,, so that people avoid the covid-19 attack. However, in my opinion, the use of bitcoin as an alternative to online payments is less effective, because it seems that in every country including mine, many electronic money services have been widely used for various payment needs during this pandemic.
for people who already understand the cryptocurrency system, it is possible to make bitcoin a job like trading or even for investment. But you have to realize, not everyone has this expertise, even there are still many people who are not familiar with bitcoin.

During the pandemic, it is more noticeable that people who are adopting digital payment are using other popular methods like PayPal. Bitcoin is one of the other options to avoid the physical touching of things that may help in spreading the virus. But just like what you said, it requires a deeper understanding and not everyone is still aware of bitcoin.

The same goes for people who lost their jobs. Not everyone who lost their job can understand bitcoin easily. For us, we saw the importance of bitcoin even with or without the pandemic, but I think it's not always applicable for everyone especially that they still lack awareness about it.

[Kong Hey Pakboy]

Bitcoin and blockchain technology have proven itself that it can also save our financial system, especially in the middle of this pandemic of COVID-19 from further collapse where stocks and banking system are now struggling. And now, the bitcoin market is the more stable and continuously improving that the it is not being affected by the Coronavirus crisis.

[sapnu]

maybe your intentions are good,, so that people avoid the covid-19 attack. However, in my opinion, the use of bitcoin as an alternative to online payments is less effective, because it seems that in every country including mine, many electronic money services have been widely used for various payment needs during this pandemic.
for people who already understand the cryptocurrency system, it is possible to make bitcoin a job like trading or even for investment. But you have to realize, not everyone has this expertise, even there are still many people who are not familiar with bitcoin.

Absolutely, we can say that during this pandemic cryptocurrency especially bitcoin is being recognized by many people because of its use which is for payment, making transaction online that we don't need physical contact to other people which is very important in a crisis like this because we still need to be careful since the vaccine is still not created. It is convenient for them to use bitcoin as payment methid but we all know here that it is not only for payments, we can use it to invest or trade to earn more money but they need a lot of knowledge for them to make money with trading or investing. Despite of being famous all around the world, there are still people who don't know bitcoin exist and the people that are thinking that bitcoin is a scam.

[Assface16678]

Most of the information of OP is really good in terms with the use of the bitcoin and this is the most essential thing right now which is the use of the digital currency we would like to avoid spreading of the virus and one of the best and efficient way is don't use any physical money because this is one of the dirtiest things we could ever have.

     >Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.

Honestly, I didn't understand what is the connection, correlation, and other types of relationships with this statement. Give us a chance to understand this statement.

     >Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.

I think this is a bad mindset for me because you don't have a job and you want to earn money and investment with the bitcoin as a substitute to earn money? It's a big NO. You will focus to survive now than mind making an investment again the market is volatile instead you are getting enough funds to help your family you will lose those because of the volatility.

[jpnl0006]

Beyond working to earn bitcoin, the health benefits of the digital currency during the lockdwon and covid-19 era has shown that transmission of the disease can be done via cash handling. the use of bitcoin therefore reduces the cash handling process and further reduces the possibility of a spread amongst peer-to-peer transactions.

[Viglione]

 Bitcoin is very important in this pandemic. Because it is use only online.

[Oilacris]

OP,you are repeating things that have already been mentioned in the forum during the last few months.
Most of things you are writing either wrong or partially true.
Bitcoin is not a job.It's not that easy for total newbies in the cryptocurrency world to find a good job that is paying in BTC to substitute their 9/5 job.
Most of the features of Bitcoin that you are mentioning are the same as the features that digital fiat payment processors have.
You should learn more about Bitcoin,instead of writing pointless,unnecessary posts here.

Nah get used to it on where we would really able to see repetitive kind of post or topics even though its already been mentioned nor discussed in the past.You cant stop people on posting up on whats their thoughts on specific topic without even putting some little time or effort on making up a simple search if the thing he had in mind had already been discussed.

This is also on what on my mind too on where people should think off that digital fiat payment do exist and if the time that people do need to go cashless then they will simply switch to that.

I agree that not all will really be having that idea nor knowledge on letting himself find some bitcoin or crypto related jobs.

[Becky666]

The most importantly about Bitcoin during the pandemic is the upholding value of it be an assets to those who believed in it. During this novel coronavirus pandemic, many fiats currencies where devalued and many still be devaluing, so, having this assets called Bitcoin was a savior to my countrymen.

The Naira(Nigeria currency) was devalued several times but never affected my living and that of my families. Bitcoin was a valuable asset to me during this pandemic and haven't regretted getten involve in this course.

[Twentyonepaylots]

The importance of bitcoin in this pandemic it can help you to earn money you just need gadget and you don't need to go out because right now it's to dangerous to go out.

But is bitcoin really important? I mean we got still a lot of opportunity to earn during the pandemic not just bitcoin besides it is not always green in bitcoin, you cannot just expect money to go right away after hours of investing, it does not work like that. And if you are just a normal/average citizen you can't just shot you bullets into bitcoin coz you still got expenses in daily living and you need to save especially now that most of the jobs are pause, as what you said it is dangerous to go outside.

And right now many people loss their job because in the pandemic they need sideline to earn money so I want to recommend bitcoin to them because it can help them big time

Sideline not risks after risk. Bitcoin is risky, maybe you thought it was all good with bitcoin because of the recent pump but it really ain't. It is better to find consistent job during this time, and we got a lot of that in the internet.

[supine]

Yes Bitcoin did a huge part on my life in this pandemic it help me a lot since I am earning and I have some savings in crypto.
My family manage to survive because of Bitcoin and crypto currency because of this lock down we need to take a break from our real job.