Post
Topic
Board Speculation
Re: Why bitcoin should be bullish at this moment!
by
Jating
on 23/03/2020, 22:16:38 UTC
Payment for goods and services through cash can transmit Corona virus, doing transactions through bank, especially cash deposits can also transmit the virus. The safest way that we can create values and pay for goods and services during this time still remain blockchain and those selling off at this moment are doing so because they did not spend time to study the Blockchain technology and how it works.

Not so fast though, those that are selling needed their cash right-away.

And bitcoin currently is not yet widespread, what I mean is there are few off-line and on-line store that readily accepts bitcoin as payment. Yes it is safe because it's cashless, but we can't use it today, only few countries, like Japan or Australia or Germany could have stores that accept it. So as much as we think that bitcoin can be good at this crisis, it is not, unfortunately. On the contrary though, bitcoin has shown resilience again, Fed announces unlimited bond purchases in unprecedented move aimed at preventing an economic depression.