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Did the pandemic increase the useage of bitcoin

BrolySSJ

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I think thats the reason most countries are finding means that they could use to track most crypto currency just like the way USa are preparing a technology , so that scammers won't use the advantage and start scamming people and go Scott free like that , so its actually good and also have a disadvantage , that is why most people maje use of paypal to receive payment
Yes PayPal is a payment giant because there is traceability when it comes to payment and that is why many prefer to operate with it because there is no sense of ambiguity. I do not make use of PayPal though, so I stick with e use for crypto and I find that to be safer. What is the technology that the USA is working on for crypto regulation? Can you provide more information on that please?
 

Donkiz

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The popularity of cryptocurrencies increased with the pandemic and the lockdown that followed it, people had no option than to stay indoors and rely on social media to get information, and also look for ways to engage themselves and earn some money, and in the process many people had to start using cryptocurrency wallets to make and receive payments.
 

Ehizzy1

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Yes PayPal is a payment giant because there is traceability when it comes to payment and that is why many prefer to operate with it because there is no sense of ambiguity. I do not make use of PayPal though, so I stick with e use for crypto and I find that to be safer. What is the technology that the USA is working on for crypto regulation? Can you provide more information on that please?
I think they are working with pentagon company so that they could find means to track crypto currency to prevent fraud and others ,and also they are planning to offer incentive to anyone who can track monero coin
 

ahmedo24

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They see Monero as a privacy coin that. Is capable of being used for illegal activities and their transactions are masked making it almost impossible to track. @Ehizzy1 , if you have the knowledge of cracking the anonymity you can apply
 

Rimsha kanwal

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We all know that due to the lockdown imposed by the government which was caused by the pandemic , made a lot of people find means to start earning online

So did the pandemic increase the useage of bitcoin
Investors frantically converted their holdings into cash to safeguard their finances. Unfortunately, the cryptocurrency market wasn't spared this anxiety and bitcoin and altcoin prices collapsed. The price of bitcoin was slashed by half in March, falling to as low as 3,780 USD.
 

Ehizzy1

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They see Monero as a privacy coin that. Is capable of being used for illegal activities and their transactions are masked making it almost impossible to track. @Ehizzy1 , if you have the knowledge of cracking the anonymity you can apply
Yeah i think that would be really hard because monero itself and everything thing about it is privacy and that is the reason some countries like South Korea are removing the coin from the coins been used for trading , so its actually hard to track such thing
 

Taimoor Jutt

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Of course, we see people are forced to stay home so they can't do anything better than online earnings. So they will use it and earn money. So many of them will use bitcoin because its a great platform for them to use it and get some money.
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Of course, we see people are forced to stay home so they can't do anything better than online earnings. So they will use it and earn money. So many of them will use bitcoin because its a great platform for them to use it and get some money.
 

singlej007

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Judging from my family, friends, Nebour and community were I live, I have discovered that thus pandemic time a lot of people are looking up to online stuff, and coming to online stuff, bitcoin is always mention.

How to use it, how to make money with it, how to trade it etc...
 

ahmedo24

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They see Monero as a privacy coin that. Is capable of being used for illegal activities and their transactions are masked making it almost impossible to track. @Ehizzy1 , if you have the knowledge of cracking the anonymity you can apply
Judging from my family, friends, Nebour and community were I live, I have discovered that thus pandemic time a lot of people are looking up to online stuff, and coming to online stuff, bitcoin is always mention.

How to use it, how to make money with it, how to trade it etc...
You are right, every one is tired of wasting data on Facebook or other social media platforms without making money , and the easiest way to make money percived by many is Investing in Crypto currencies and bitcoin is their target.
 

Oluwatobitosin

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The Pandemic surely increase the usage of Bitcoin big time, because many took their money to invest on it as much as they can. So it increases the people who invested in it too
 

kayode10

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The usage of cryptocurency especially the Bitcoin continue to rise as more and more people are in-cooperate it into their payment option. This make the demand for Bitcoin continue to rise and this drives the price high. As the price is getting high, it catches the investors eyes and the see opportunity to make more money with and therefore they invest in it.
 

BrolySSJ

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I think they are working with pentagon company so that they could find means to track crypto currency to prevent fraud and others ,and also they are planning to offer incentive to anyone who can track monero coin
This is actually very interesting that they actually are trying to track the coin and I think that the Monero coin is one of the least trackable coin because it is one of the coins that promotes anonymity to a whole new level that even Bitcoin cannot compare to in my opinion. So if someone is able to find a way to track that I think that governments would be a lot more open to accepting crypto in their economies and making it legal as well.
 

Ehizzy1

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This is actually very interesting that they actually are trying to track the coin and I think that the Monero coin is one of the least trackable coin because it is one of the coins that promotes anonymity to a whole new level that even Bitcoin cannot compare to in my opinion. So if someone is able to find a way to track that I think that governments would be a lot more open to accepting crypto in their economies and making it legal as well.
Hmm yeah and for now its legal despite finding means to track crypto currency , because a lot of people would want to trade the coin , but was still surprise me about the coin is that the price is high despite been a privacy coin , i am really suprise
 

BrolySSJ

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Hmm yeah and for now its legal despite finding means to track crypto currency , because a lot of people would want to trade the coin , but was still surprise me about the coin is that the price is high despite been a privacy coin , i am really suprise
I would actually expect the price to be high as it is for the coin especially if it promotes privacy and anonymity. Many of the people that actually get into cryptocurrency in the first place are actually looking for anonymity and so forth because it is a safer way to transact. You are able to send your funds to another user or make a payment without actually having to give up your own personal information. So a coin that is able to promote that anonymity, and maintain it, is probably going to have a very high user base, and as a result the value of the coin will be very high.
 

MarieArie

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Who knows? But one can argue pretty much that the corona pandemic, Covid-19 added to the vast reach of bitcoin. Since most people were home, they had time to listen and indulge in activities online which bitcoin is not excluded. Some businesses actually benefitted from the pandemic and lockdown era.
 

Henrywrites

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We all know that due to the lockdown imposed by the government which was caused by the pandemic , made a lot of people find means to start earning online

So did the pandemic increase the useage of bitcoin

This could be the reason as many people were free and at home. You will notice that most of the increases recorded in the price of Bitcoin happened during that period as well.

So, it's a good thing for the world of crypto currency that the pandemic happened, but it's sad that it claimed lots of lives.
 

Sake

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I think the pandemic helped the introduction of Bitcoin on people who can't go out and do their transactions on the bank. Just like one of the Earning platform i worked before. They can't pay the users paypal because they are having a hard time because of pandemic thus they decided to move to crypto.
 

Mrallison

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It did, like u said people looked foe way to earn money online both because some where dropped from there jobs and some couldn't go to work so online income became a necessity to pass the pandemic
 

Afrinish

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Yes, that's the reason why bitcoin rise. People utilize the bitcoin by stying home and i am one of them. The pandemic forced many people to learn about other crypto currncies and lift their heart from other stock
 

Sammyesx

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I believe the pandemic increased the usage of bitcoin, people were at home looking way to make money from the comfort of their home. Crypto currency provided that platform, couple with the fact that it has the possibility of making someone a Millionaire.
 
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