The Role of Cryptocurrencies in Pandemic Times

[killerfrost]

During the epidemic, people sought ways to save their money. This situation aim people to research cryptocurrencies. Ethereum was one of the currencies that increased in value the most. DeFi projects, on the other hand, produced very powerful technologies with Ethereum. I think these successes will continue for a while, so I will investigate this project.

But The Role of Cryptocurrencies in Pandemic Times, I find it seems like there is something that leads people to turn to more cryptocurrency, to look back when the pandemic impacts our lives, our jobs. Personal financial life is greatly affected. People tend to use the internet more, which is part of the reason why so many people know about it more. To tell you more about it, I got to know this project a long time ago, and recently I've started to see it more popular. It would be better if you go into details to it.

[gabbie2010]

Lockdowns imposed in many countries around the globe had opened up to opportunities of people diverting their attention to cryptocurrencies, a lot of people probably due to their daily job and tight schedules don't really have time to learn and understand cryptos however a little research into it during lockdown had made an impact by attracting more investors who might have made a trial and were quite impressed particularly using it to make online purchases while avoiding physical contact with fiat and more of it features such as a store of value will make more investors to be attracted to it.

[Antlia Protocol]

This pandemic has surely sped up the awareness and adoption of cryptos more than ever. The volatility of the crypto market is evident that people are ready to invest or have started investing in cryptocurrencies.
It has also made people accept the fact that cryptos are not just dark, illicit, or tax-evading mechanisms rather their usage is more widespread. I have been seeing more and more companies popping up and offering various DeFi services, the likes of whom were unimaginable in 2019.
so Crypto played a very pivotal and important part in the pandemic. And I agree with everybody else that the future is in DeFi

[gwdf1]

It seems to me that during the pandemic, many people lost their earnings. Therefore, they began to look for an alternative - the Internet. Cryptocurrencies have been around for a long time. So they rushed to learn to make money at home. But cryptocurrencies in any case would continue to develop regardless of the epidemiological situation in the world.

[reza7777]

The pandemic makes people stressed because many of them have lost their jobs and I see many people have moved to make money on the internet, maybe I am lucky enough to have known crypto for a long time so I can survive from income daily trading and little extra money from the bounty, and also have other assets (BTC and ETH) for the long term

[kaya11]

Luckily I have stick into mining for how many months after the pandemic started, and I got a good amount of ethereum. I sold it for my needs, like food and water. It came in handy with the situation we are currently on, especially I only depend on a small business and too bad it closed because the Mayor said so to lessen the possibilities of the virus to spread. Now I am still currently mining and will continue to do so.

[tabas]

How about your experience?

Had to sell some and buy some. It's been a very great of help during this pandemic and had to choose well for buying up again at a very good time.
If this continues, I won't spend most in portfolio and aiming to add some more because of those sell offs that I've did last year. Happy to see that my investments in some alts and mostly in bitcoin had been paid off and very rewarding because of the bull run.

[Oilacris]

How about your experience?

Had to sell some and buy some. It's been a very great of help during this pandemic and had to choose well for buying up again at a very good time.
If this continues, I won't spend most in portfolio and aiming to add some more because of those sell offs that I've did last year. Happy to see that my investments in some alts and mostly in bitcoin had been paid off and very rewarding because of the bull run.

Worthy  and just right for those who took risk on saving up into those previous years and regrets for those who had actively spending their coins and dont mind off the money or profit making opportunity.

It is really providing a great help in times like this when it comes to money because out of my holdings i do convert some of it to fiat and make use or buy up something which is important.

I had lost my job but at least i do able to find some job online plus adding my forum works that do really earn me on the sufficient side.
For people who had been engaging into this market are definitely on the plus side or advantageous.

[SaveOurSea]

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

The work that used to be before the pandemic was conventional, after the pandemic everything changed, yes WFH or Wrok From Home has become a real phenomenon, and the most highlighted is about trading, investment and crypto currency, if you have learned crypto currency since 2017, of course this is the thing. it is very useful for you, because the portfolio you have is definitely more, yes and you will survive this pandemic. And me same of you. I was in crypto since 2017, and now i survive.

[RealMalatesta]

The work that used to be before the pandemic was conventional, after the pandemic everything changed, yes WFH or Wrok From Home has become a real phenomenon, and the most highlighted is about trading, investment and crypto currency, if you have learned crypto currency since 2017, of course this is the thing. it is very useful for you, because the portfolio you have is definitely more, yes and you will survive this pandemic. And me same of you. I was in crypto since 2017, and now i survive.

It is really a freedom thing we have right now, if you came in at 2017 you are not too late, I came in earlier than that and I can say that since bitcoin was first created all of these situations were created in order to help regular retail investors to get away from the stock market and the banks that screw them over and find a place where they can make a profit among themselves.

I personally believe that making a profit here is ten times more important to making a profit anywhere else. Plus if you can build a strong portfolio that can test the time and do not sell, in 10-15 years we are all going to be very very rich, these prices will be tiny compared to what it can be in 10-15 years. So we should all stop caring about if it goes down, and just focus on buying more and more, even after it reached this peak again we should keep buying more.

[carlisle1]

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

Please don't use the pandemic for your Stupid Advertising ? The pandemic is a serious case just to use for this Defi Shit projects.

you have been here since 2017 but you need to create an alt just to Voice this out ? Obviously you don't wanted to punish your Main account if this turns out scam right ?

This is what trumps say to you



Anyway there is a lot thing that Crypto does help in Covid and i am one of those who use it to help people.

[oemar bakrie]

My experience during a pandemic like this only has a sense of regret, because there is no calculation at all and even that the assets that I once owned were used up and burned..and actually this time is the right time because surely all want to sell assets with low value because of urgent needs..

[LogitechMouse]

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

Nice way of advertising a new DeFi project under Polkadot . Using Pandemic to be more clickbait-worthy . Good strategy bruh.
Just browsed the page for a bit and it is a combination of Lending and Trading.

Anyway to answer it, crypto helped me survive into this pandemic. I still have some income source despite of my other job greatly affected by what is happening right now. I know though that it is not only me who helped by crypto in this times where most of the people are striving very hard to get money.

[trauchot]

The role of cryptocurrencies during a pandemic is very huge, because many people are without job now and these people with the help of cryptocurrencies can afford to create income with which they can wait out the pandemic, but unfortunately not all people know about cryptocurrencies or have any skills in cryptocurrency sphere, but I think a lot of newcomers came to the cryptocurrency sphere during the pandemic, because many people need any earnings and cryptocurrencies can give this earnings.

[xiboothrezi]

~
How about your experience?

of course this means a lot. when the economy in real jobs dropped dramatically, and my friends began to confide in a lot for fear of layoffs. I am very grateful to be in this ecosystem, where I can still earn income during this very difficult pandemic.
This is an important lesson for all of us, at least we have to have a side job, or savings, or investment, which if can be a backup when there is noise at the main job.
I hope this pandemic will end soon and we can carry out our activities and work as before,

[tabas]

How about your experience?

Had to sell some and buy some. It's been a very great of help during this pandemic and had to choose well for buying up again at a very good time.
If this continues, I won't spend most in portfolio and aiming to add some more because of those sell offs that I've did last year. Happy to see that my investments in some alts and mostly in bitcoin had been paid off and very rewarding because of the bull run.

Worthy  and just right for those who took risk on saving up into those previous years and regrets for those who had actively spending their coins and dont mind off the money or profit making opportunity.

It is really providing a great help in times like this when it comes to money because out of my holdings i do convert some of it to fiat and make use or buy up something which is important.

I had lost my job but at least i do able to find some job online plus adding my forum works that do really earn me on the sufficient side.
For people who had been engaging into this market are definitely on the plus side or advantageous.

Exactly. It's really a big help in times that unexpectedly came to us. For those who were been laid off in their jobs but had some crypto holdings.
They can survive because the market's situation is very well and at least while taking some rest, you get to have money to spend on if you're willing to sell because that's why we're holding. To sell it someday in times of need.

[asriloni]

True, the matter of a pandemic will not affect the growth of cryptocurrency, because the work in crypto is not directly related to one person to another, so there is no influence whatsoever for the development and growth of crypto in general.

All of the activities in the crypto based on the online transaction and that's why so many people were loosing their job on their life were coming to the crypto to generate some money from trading in the market.
The pandemic didn't give any impact to the crypto market but the opposite thing was happening when bitcoin was growing even higher than before.
Crypto is the only way to get the money other than stock market. WFH gives a lot of impact too.

[777Jolami]

Crypto's main benefits in terms of payments and liquidity will prove to the world its best in terms of features. A pandemic outbreak will trigger a regime of social simplification. Where banks are overwhelmed and stagnant, crypto shows perfect excess movement. A painted picture that the world actually sees and the value of bitcoin and crypto going up proves that Bitcoin is immune to the corona virus. and the contributions of bitcoin and crypto to the fight against covid19 should be acknowledged!

[CryptoBD420]

This epidemic has certainly increased the awareness and adoption of cryptos more than ever before. The volatility of the crypto market makes it clear that people are ready to invest or have started investing in cryptocurrencies.
It also forces people to accept the fact that cryptocurrencies are not only dark, illegal or tax evading but also more widespread. I see more and more companies pop up and offer different DeFI services, whose choices in 2019 were unimaginable.
So crypto played a very important and crucial role in the epidemic. And I agree with everyone else that the future lies in DeFI

[SamReomo]

It is due to the pandemic times crypto is gaining 100s of 1000s of more users than ever it could. New people are investing their money on crypto as they find it convenient enough to do everything from their homes.

The role of cryptocurrencies in these times is really important for the people who want to work from their homes as they could deal using cryptos for less fess and faster transfer speeds. Cryptos are saving many business from getting bankrupt in this pandemic period, and they are helping humans problems way better than other things.