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Author Topic: The pandemic did push the world towards a more digital age.  (Read 1266 times)
Latviand
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October 28, 2020, 04:38:21 AM
 #21

I certainly agree with basically everything you stated above.  I think the pandemic brought on a much quicker move to a "digital world" where as if it hadn't happened, it would have probably taken another 5-10 years to get to where it's headed.

This pandemic can make the bitcoin industry grow as people are getting curious about cryptocurrency.

Many people right now are engaging on investing in cryptocurrency because they think that this is the possible way of earning profits online. But it requires a lot of knowledge and skills in order to make bitcoin profitable and effective for an individual. I'm hoping that investors should not only aim in holding btc but to manipulate it in the right time and in the right place. Because we all know that cryptocurrency is volatile and I don't want them to become shocked when they learn that bitcoin is not a 100% sure profit.

Technological development is outstanding and amazing in a way that you can earn money just by staying at home.
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October 28, 2020, 05:34:08 AM
 #22

Of course, the fear of getting infection made this world to be a ghost place for a while by pushing every human into their house by that time everyone only used e-commerce and digital payments for survival and this could be a temporary adoption for now. But in the future if every company wants to have their online portal to stay in the survival hunt will bring the real permanent adoption of digitized things.

That company learns from these situations that if their company can't operate. If they have an online store or office, their company will have the opportunity to operate, and they only need to manage their business from their home without going to their office. This pandemic gives people many opportunities to use the internet to build a new online business to reach more customers globally.

If more and more companies can have their online portal, I think that will make the adoption grow and give people a chance to make money from the internet. Perhaps, we need to give them time to learn how to create e-commerce and digital payments to grow their company step by step.

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davis196
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October 28, 2020, 06:35:05 AM
 #23

The e-commerce boom is just a trend,which was forced by the pandemic,but when the pandemic is over,that trend will also die slowly.
I'm not a big fan of e-commerce and I never was.I've never bought anything online and I probably never will.
Amazon,eBay and Walmart don't ship products to my country and Alibaba,DHgate,Wish,Banggood and all the Chinese e-commerce websites usually sell low quality products.
Being more "digital" than before has pros and cons.Everybody is so hyped up about the pros,but the cons will have an impact on our lives too.

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October 28, 2020, 06:40:07 AM
 #24

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.
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October 28, 2020, 07:44:06 AM
 #25

Due to the pandemic and the lockdown period, most activities are done via online, such as classes, business, sports, gambling, meetings, shopping, health consultations, and many more. The pandemic changed the norm. These changes have to take place so that we can cope-up with the current situation. It's good to know that people are starting to adjust and cope-up, this new normal is somehow beggining to be part of our daily lives and soon we will get used to it.
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October 28, 2020, 08:21:21 AM
 #26

The disastrous of this pandemic is extremely terrible which makes the economy of the whole world stagnant. On the other hand, E-commercial has a chance to develop and become more popular with the people who struggled to find a way to survive and purchase things. This can be an opportunity for cryptocurrency to rise and be acknowledged.

However, the situation seems to be different. As you can see, right now, banks and Visa/credit cards are still dominating mostly every aspect of our life and they become even stronger during this chaos. Bitcoin does have the chance to develop but it's quite slow when we compare to other digital motivations. A centralized system controls everything in our life and we barely escape from that reality. Maybe in the future, we can see bitcoin shine but right now, we have to face the reality that bitcoin only has a minimum impact on the world E-commercial

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October 28, 2020, 08:29:59 AM
 #27

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.

This was going to happen sooner or later, but pandemic has just sort of made it compulsory or has opened the option of now going digital. This is good in a way because bitcoin will have an huge advantage in future and thus we are set for a very high demand in coming years as slowly technology will overtake and payments would be encourage digitally.

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October 28, 2020, 08:53:45 AM
 #28

I believe if you understand the OP's point of view correctly you'll get some idea on what he (judging from his username) is trying to say. There's no denying the pandemic did contribute to the ongoing widely adoption  of digital currency and not just the cryptocurrencies although that doesn't mean we weren't heading in that direction. It was just a matter of time before everything falls in place like it has just done.

The world is going digital, sooner or later fiat will become a thing of the past but that of bitcoin (cryptocurrencies) taking over is still far from becoming a reality instead digital currency operating similar to the fiat system that's been controlled by the government or a centralized body like what facebook's Libra project tried achieving will become a noom.

Already there are news of China working on a digital yuan, development like this will push other nation into developing theirs especially if that of china or any other country that does it first,  becomes a success.

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October 28, 2020, 08:58:18 AM
 #29

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.

This was going to happen sooner or later, but pandemic has just sort of made it compulsory or has opened the option of now going digital. This is good in a way because bitcoin will have an huge advantage in future and thus we are set for a very high demand in coming years as slowly technology will overtake and payments would be encourage digitally.


Although have great advantage but still I believe it will struggle since the bank are also adopting the digital scene and creates there own digital payment method just to adopt the current situation of the world and for sure people will select this since if we talk about money many will choose about security which bank can offer this since Bitcoin is much not good to be hold by unaware about the volatility since might they will get panic once the price dump.

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October 28, 2020, 09:03:14 AM
 #30

What is the benefit of using PayPal if we have an integrated network of digital money that is traded without the need for a central bank?
There is a frightening trend for this type of innovation, but banks and large companies will not allow it to pass without putting in place many restrictions, which may eventually lead to the digital re-manufacture of paper money.

I think it's for the newcomer in cryptocurrency. People who wanted to buy cryptocurrency are having difficulty in buying cryptocurrency and are reluctant to put their credit card details to exchanges but with paypal that they trust they will confidently just click buttons to buy BTC.

Digital currencies I believe will really make the ecommerce more revolutionary since its just clicks away from using the phones to make transactions on local stores to online stores.

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October 28, 2020, 09:04:50 AM
 #31

snip..
Paypal started accepting Bitcoin because it predicted that Bitcoin was an asset in the future that could not be denied.  as time goes by, there will definitely be more and more large companies that accept Bitcoin and possibly other cryptocurrencies as well.  we are still in the "PANDEMIC" period so digital transactions are more recommended than traditional transactions..  

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October 28, 2020, 09:50:33 AM
 #32

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings. People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services. People are more aware and now adapting to a new way of living (the digital way) one of which is “E-commerce”.
In a study conducted that I stumbled across; https://unctad.org/news/covid-19-has-changed-online-shopping-forever-survey-shows

It clearly shows that Companies and businesses that put E-commerce at the the forefront of their business are ready for the new digital age that is emerging from this pandemic, while those that operate with cryptocurrency in addition to e-commerce will have the ultimate edge over others. No wonder the already existing companies are incorporating bitcoin (cryptocurrency) related services to their already exiting services, for example PayPal. What a great time to be Bitcoin Enthusiast.
Actually our government already implemented a lot of new payment system like what happened yesterday wherein the payment in tollgate or the expressway in my region is now using online payment system. It is really true that the virus may spread through cash and it is the reason why many people pushes to use digital payment system in order to be safe and also to be convenient. There are recent news where in the E-commerce business especially the Amazon and the Alibaba gain huge amount of profit in this kind of pandemic wherein a lot of people prefer to go shopping online than to go physical shopping to avoid the virus because they will be vulnerable if they will go outside of their homes.
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October 28, 2020, 11:05:05 AM
 #33

That's why more small-time businesses are moving online or offering products/services using the digital platform because customers are shifting online. Even though buying online or digital transactions was already a thing before the pandemic, we can say that the pandemic helped because as I saw, people become more afraid and cautious going outside because of the virus threat that's why they are looking for alternatives where it'll be safer for them. And this will last in the future even after this pandemic, so we'll probably see more businesses going digital, as well as the adoption of digital currency.
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October 28, 2020, 11:34:30 AM
 #34

We are already in the digital age already.

What has changed only since the pandemic came is the way the consumers are buying and the merchants selling. Digital age has always been there and it will happen in the future. There will be a time that most of the time people will be using digital things and will be using digital things in every thing that they will do. Its just that the pandemic really pushed it towards digitalization.

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October 28, 2020, 11:39:24 AM
 #35

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings.
That's true, the pandemic brings so much effect on the changes of the behavior of buying pattern of individual because of the social distancing and the fear of acquiring the virus on which I think is a good idea for everyone to avoid the pandemic, these days the food delivery service becomes in demand because they don't need to go outside, they just only need to order on some delivery application.
People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services.
Yeah, it is because of curfew hours but I don't think that they are forced to spend how much money they going to use because it is their own money and it is their own decision on how to budget it. Authorities are not responsible for it.

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October 28, 2020, 11:57:09 AM
 #36

I have to agree that online businesses will be growing much bigger and offline business is going to struggle in this new pandemic-era. You can see it from the thousands of job losses from the retail and hospitality industry that it will take a long time to "get back to normal". In the meantime, the online ecosystem is going to prosper and outgrow those businesses. If nothing else good comes out of it, the pandemic will at least speed up the technological evolution of the world and this is actually good for the environment in many ways.

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October 28, 2020, 12:04:45 PM
 #37

Cant say much about digital age, but pandemic did push people to use brain and think where to earn or how to earn more for sure.
Those who are smart enough understood that working Monday to Friday is not enough or will not guarantee that you will still have work in a week.

There was a topic here that named "Pandemic will restart or reset world economy", but I would say they Pandemic made world economy restart after it has installed new features (like turning more digital or remote).

R


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pankowri
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October 28, 2020, 12:43:26 PM
 #38

For the title, it is not pandemic that pushes the world to the digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the haven for use
Yeah, you're right. We are actually in the digital age already. This is 2020, the era has changed a lot. Everything has been updated. Technology has improved so much that most countries have gone digital. Many countries have continued this trend of improvement and are doing a lot of research as well. This pandemic was preceded by the digital age. But now everything is at a standstill, not everything is moving like before. It will take a long time to overcome this situation and enough efforts will have to be made to cover up the global economy.

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October 28, 2020, 01:02:55 PM
 #39

But it requires a lot of knowledge and skills in order to make bitcoin profitable and effective for an individual.
it depends. For the short-term, yes, you might need to go in-depth regarding bitcoin to understand why the massive swings in prices, the perfect time to sell/buy, etc. But for long-term? as long as you undestand the risks, just buy and hodl

I'm hoping that investors should not only aim in holding btc but to manipulate it in the right time and in the right place. Because we all know that cryptocurrency is volatile and I don't want them to become shocked when they learn that bitcoin is not a 100% sure profit.
A smart investor knows that not everything is guaranteed to make profits, i think that's Invesment 101.

As to holding btc and also "manipulating" it. Everyone has their own strategies to profit in X or Y market. There are many retail investors who invest in stocks or cryptos and have no idea what Day trading means, they simply sit on their ass and wait to see if their portfolio gets big profits in the future   (;

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October 28, 2020, 01:25:01 PM
 #40

Due to the pandemic and the lockdown period, most activities are done via online, such as classes, business, sports, gambling, meetings, shopping, health consultations, and many more. The pandemic changed the norm. These changes have to take place so that we can cope-up with the current situation. It's good to know that people are starting to adjust and cope-up, this new normal is somehow beggining to be part of our daily lives and soon we will get used to it.

except for that answer when it was many people abundant and almost everyone was capable of spending, many people said that Bitcoin is a kind of scam or fake, but why now that no source of daily needs many people feel like they want to worship bitcoin, perhaps, it seems like it's too late and it's hard but for me, even though many advantage and disadvantage during this digital age, I really like to give an acceptance to all green-minded people as human to prevent trouble.
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