Quote from: Baofeng on March 14, 2020, 11:22:38 PM

Quote from: Altcoins enthusiast on March 14, 2020, 09:09:50 AM

The market behavior that see bitcoin down to $3900 and bitcoin follows stocks, commodities and oil in all time sell off on Thursday should not discourage the bitcoin enthusiasts because people did not understand that bitcoin was created for time like this.

Of course, why we should be discourage, this is just part of the market behaviour, people panic is this kind of pandemic, but it the long run bitcoin can still recover from all of this scare and economic and geo-political issues.

Quote from: Altcoins enthusiast on March 14, 2020, 09:09:50 AM

Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.

Maybe others have read bitcoin whitepaper and not understand it because they are focused on making money here. But we will have to see how the whole "bitcoin is a safe haven" narrative will be in the next coming months specially if the epidemic is not contained.

As people are prohibited to go outside to prevent the spreading of the virus, they can use bitcoin as a digital payment for them to not to go outside and make physical transactions. I believe that at some point, government will see the true advantages of bitcoin in our daily lives, most especially in a crisis like this. Some people thinks that bitcoin is a scam without even having some information and ideas about it so that people are scared to try. They are just focusing on using fiat currency while it is very dangerous to use it. People with the virus can touch the tangible fiat money and can infect the next holder of it. They should be knowledgeable and know how to use, hold, and promote bitcoin for a more safer transaction without a p2p. I'm hoping that the government in a more affected country uses it so that it can lessen the transmission of the virus from one person to another.