Is bitcoin a good investment in this pendamic situation? - page 4.

imstillthebest

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for some people maybe in this pandemic bitcoin can be one of the best investments.

yes because there are still people that are skeptical with bitcoin .
pandemic situation makes people hold their money more tighter and they are afraid to put it in investments that they are not sure of but for the people that already have an idea of how btc works ,
they dont think twice anymore because they know that btc can save them in difficult situations like the covid pandemic .

Shasha80

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Quote from: asrinur on August 01, 2021, 07:16:40 AM

I think bitcoin is the best investment instrument, even during the current pandemic. This is also what makes Bitcoin very difficult to misappropriate. In fact, Bitcoin is one of the instruments that is considered to be able to withstand inflation. More and more people are interested in investing in Bitcoin. So, crypto assets are one of the choices. This is evidenced by the price of bitcoin began to increase again.

However, if you want to invest in Bitcoin, you need to look at future projections regarding Bitcoin's performance. Get to know the various risks before starting to invest in digital currencies.

Before the pandemic came Bitcoin was already a good investment, because it can generate profits if we understand how Bitcoin works. Especially
in a pandemic situation like now, where the government continues to print money, it will cause hyper inflation in the near future. Making Bitcoin
the best choice to save our wealth from inflation, because Bitcoin is not affected by inflation. This has begun to be realized by many institutions,
therefore this year several institutions have begun to invest long-term in Bitcoin. In the end, more and more people decide to invest in Bitcoin,
but I agree before we decide to invest in Bitcoin. It's better to learn everything about the crypto world, so don't just think about the profit that
will be generated, but knowing the risks that will be faced if investing in Bitcoin.

Fredomago

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Quote from: milewilda on August 02, 2021, 04:51:09 PM

In all coins or projects in the market then its just dumb that you would just carelessly be finding out and buying coins without having any consideration or criteria and just basically burning your money.
Is bitcoin a good investment on this pandemic situation? Wont be a guarantee but we know that its been already a decade and we have seen on how far it did go no matter what the condition
the world might be or into those situations that it had able to face from regulation to fuds or something like that.Investment decisions is something depends on persons own motive
and goals in mind when it comes to money, if he had something extra to spent then its his choice neither he would invest or save it up.

Not a guarantee as there's none when you are into this type of business, investment or if you are planning to work with trading Bitcoin can fit both long and short-term as long as you have the right knowledge and you are aware of every possible risk that also includes to this ventures you can go ahead and take your step inside this investment.

All it take is a good mindset which open to every possibilities, pandemic really hurt every people in their financial state. But if you are keen you can use this asset to earn while the virus still present.

milewilda

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Quote from: Maxre on August 02, 2021, 02:01:56 PM

Quote from: King Khaizan on August 02, 2021, 12:34:57 PM

Your opinion is of course correct, since the world was hit by the corona virus outbreak, all countries have an impact on the destruction of the economy, at the time of restrictions on human movement, investing in cryptocurrencies is the best solution if we interpret it narrowly, what is clear if we want to invest more seriously, then this is the best solution. it's limitless, because cryptocurrencies certainly have an exciting future.

Not all types of cryptocurrencies are good to invest in. Some types of cryptocurrencies will make us regret and disappointed if we choose the wrong crypto to invest in. Before investing, we should do research first. Because crypto investing has a big risk. Bitcoin and Ethereum are highly recommended cryptos for long-term investments.

In all coins or projects in the market then its just dumb that you would just carelessly be finding out and buying coins without having any consideration or criteria and just basically burning your money.
Is bitcoin a good investment on this pandemic situation? Wont be a guarantee but we know that its been already a decade and we have seen on how far it did go no matter what the condition
the world might be or into those situations that it had able to face from regulation to fuds or something like that.Investment decisions is something depends on persons own motive
and goals in mind when it comes to money, if he had something extra to spent then its his choice neither he would invest or save it up.

Maxre

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Quote from: King Khaizan on August 02, 2021, 12:34:57 PM

Your opinion is of course correct, since the world was hit by the corona virus outbreak, all countries have an impact on the destruction of the economy, at the time of restrictions on human movement, investing in cryptocurrencies is the best solution if we interpret it narrowly, what is clear if we want to invest more seriously, then this is the best solution. it's limitless, because cryptocurrencies certainly have an exciting future.

Not all types of cryptocurrencies are good to invest in. Some types of cryptocurrencies will make us regret and disappointed if we choose the wrong crypto to invest in. Before investing, we should do research first. Because crypto investing has a big risk. Bitcoin and Ethereum are highly recommended cryptos for long-term investments.

King Khaizan

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Your opinion is of course correct, since the world was hit by the corona virus outbreak, all countries have an impact on the destruction of the economy, at the time of restrictions on human movement, investing in cryptocurrencies is the best solution if we interpret it narrowly, what is clear if we want to invest more seriously, then this is the best solution. it's limitless, because cryptocurrencies certainly have an exciting future.

asrinur

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I think bitcoin is the best investment instrument, even during the current pandemic. This is also what makes Bitcoin very difficult to misappropriate. In fact, Bitcoin is one of the instruments that is considered to be able to withstand inflation. More and more people are interested in investing in Bitcoin. So, crypto assets are one of the choices. This is evidenced by the price of bitcoin began to increase again.

However, if you want to invest in Bitcoin, you need to look at future projections regarding Bitcoin's performance. Get to know the various risks before starting to invest in digital currencies.

molsewid

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Quote from: tygeade on July 29, 2021, 01:35:19 PM

Pandemic period is hopefully getting to a close very soon, of course it will still linger around in smaller numbers but at least we are seeing a lot better death rate, even though people are getting infected we are at least seeing the daily death number a lot lower.

This is why I honestly feel like there is a good chance we could see less than 200 people die from it all around the world in the next 1 year, summers are a bit harder because we all get out and then the spread starts during that period yet we see the after affect of it during winter since it is exponential but during winters we start to drop that number, so I believe next summer the numbers will be quite low. It means that if you are going to make anything based on pandemic situation, you have to do it knowing that we are talking about something that may not be big in the next year.

In other country they seem to be back in normal but here in my country we are still dealing with another lockdown due to pandemic and it seems that our government ultimate response to pandemic is lockdown and I think we are far from the reality of close to overcome from the pandemic. But on the other hand I consider myself lucky because I have investment which I choose to invest in altcoin especially NFT token that can be my alternate source of income in this time where I couldn't go to work. Bitcoin is a good investment and there's no doubt about it but to make it general the cryptocurrency is now the newest trend in terms of investment.

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Quote from: 19Nov16 on July 29, 2021, 02:57:21 AM

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Investing in Bitcoin is useful for any time. A little bit of savings in Bitcoin can bring a lot of good things in the future. Although the economic situation is not going well in this epidemic, we should keep in mind the issue of savings. I personally think investing in Bitcoin would be a worthwhile decision.

The key to investing in bitcoin is being patient and not panicking when price drop, as long as I buy bitcoin I never sell at a loss price, the last time was 5 days ago when I bought around 0.00775 when the price $34k and now the price is more $40k so I get profit more than 15% just in 5 dayys.

Youre bit lucky because it did make out some significant move not like on previous weeks where it is somewhat stagnant into its price staying up on 31-33k level which it did really moved sideways

but eventually i did able to make up some purchase or buy on that particular price and now when it did hit up 40k then it is really a sure profit.Of course when it comes to investment then you should

be prepared on what would be the possible situations that you might faced on and even on this pandemic situation then it could really be a considerable investment to make.

tygeade

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Pandemic period is hopefully getting to a close very soon, of course it will still linger around in smaller numbers but at least we are seeing a lot better death rate, even though people are getting infected we are at least seeing the daily death number a lot lower.

This is why I honestly feel like there is a good chance we could see less than 200 people die from it all around the world in the next 1 year, summers are a bit harder because we all get out and then the spread starts during that period yet we see the after affect of it during winter since it is exponential but during winters we start to drop that number, so I believe next summer the numbers will be quite low. It means that if you are going to make anything based on pandemic situation, you have to do it knowing that we are talking about something that may not be big in the next year.

19Nov16

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Investing in Bitcoin is useful for any time. A little bit of savings in Bitcoin can bring a lot of good things in the future. Although the economic situation is not going well in this epidemic, we should keep in mind the issue of savings. I personally think investing in Bitcoin would be a worthwhile decision.

The key to investing in bitcoin is being patient and not panicking when price drop, as long as I buy bitcoin I never sell at a loss price, the last time was 5 days ago when I bought around 0.00775 when the price $34k and now the price is more $40k so I get profit more than 15% just in 5 dayys.

uneng

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By observing how bitcoin behave during this pandemic I would say yes, it's a good investment in this pandemic situation. Bitcoin has hit its ATH during this period and after a deep correction the price is already rising again (and the pandemic isn't over yet). Crypto market doesn't follow the logic of another markets, so it's not a surprise the pandemic was positive for BTC.
I risk saying it is due to the fact investors are fearful of their traditional investments, which involves fiat and the recovery of their local economies, while bitcoin becomes a safe heaven for their funds if things go wrong in their countries with an increasement in financial crisis and fast devaluation of paper money, or in other words: inflation out of control.

nurilham

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Quote from: CaVO32 on July 26, 2021, 05:27:55 PM

Maybe what he is referring to, for example, if the investor panics and sell his portfolio even at a loss

For weak holders, they are probably easy to sell because of panic. Since they may have lack knowledge, especially about the market nature, most of them will be panic and directly sell their asset after seeing a dump on their coins.

Quote from: CaVO32 on July 26, 2021, 05:27:55 PM

I don't think anyone will aim for loss. But how he strategizes is what people differentiate from each other.

Sure. Each person may have a different strategy. And the success will be determined by the strategy besides other factors such as luck and maturity in managing the assets. For those who have bad mental, won't get a good result in their investment.

Imran232

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Every time is good for bitcoin. But in this point we Should invest those amount what we didn’t need right now. Reason, look bitcoin is unpredictable and covid show us his power and the whole world becomes shut down. And we still don't know when this pandemic gone. Because then 2nd wave over but WHO is aware about 3rd wave. And according to them that might be more dangerous. And for us who has job which is also in dange money is badly needed for survive. Where bitcoin is a hope but because of some FUD you might in lose. And that time will be more problematic. That's why if you want then invest those amount that you can take risk. Thats my opinion about it expert can give you other and better option thank you

STT

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Some investors will not aim for a loss exactly but may find it an acceptable outcome especially while gaining in some way elsewhere. Its usually done for tax reasons and to hedge risks taken, for example BTC is said to be an asset not main market related so Dollar typically forces the price of many things to follow its strength but BTC has grown over years hence the loss might be acceptable and reduce taxes while adding hedging into their portfolio from currency risk.

The bottom line is that because BTC has survived so long now, that continuity has a worth to it in the world that has surprised many and has ongoing value beyond just pricing as a tradable asset it may rate as more viable then normal during a pandemic especially.

CaVO32

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Quote from: nurilham on July 26, 2021, 05:24:12 PM

Quote from: zanezane on July 26, 2021, 07:57:25 AM

That's correct, depends on the investors since the behavior of the investor is going to decide if they are going to be making money or not.

Is there an investor who has no intention to earn money? Huh

I don't know what you mean exactly, but I am sure all investors spend their money on an investment in order to gain profits (earning money). What for the spend time, funds, and efforts if finally, they got nothing? If an investor cannot earn money or get losses, it doesn't mean he doesn't want to take profits. But it is because he is failed to manage his investment correctly.

Maybe what he is referring to, for example, if the investor panics and sell his portfolio even at a loss, so it is his behavior towards the market that made him lose his investments. But definitely, all investors aim for profit. I don't think anyone will aim for loss. But how he strategizes is what people differentiate from each other.

nurilham

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Quote from: zanezane on July 26, 2021, 07:57:25 AM

That's correct, depends on the investors since the behavior of the investor is going to decide if they are going to be making money or not.

Is there an investor who has no intention to earn money? Huh

I don't know what you mean exactly, but I am sure all investors spend their money on an investment in order to gain profits (earning money). What for the spend time, funds, and efforts if finally, they got nothing? If an investor cannot earn money or get losses, it doesn't mean he doesn't want to take profits. But it is because he is failed to manage his investment correctly.

STT

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Iam never comfortable to hear people say investment for what is a commodity or currency not a yielding asset. Your trade would be speculative based on participating in a price difference for supply and demand ratio being tighter in future then it is now.
During a pandemic we should expect a slower economy, deflation and a rise in the cost of conventional money, no this is not a good time to engage in speculative assets generally. However government and politics eclipses conventional economies and free markets now, the currency base is being diluted which makes speculation on alternatives far more likely to appreciate near term so yes its done well so far but alot depends with ongoing FED policy.

bitterguy28

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Quote from: zanezane on July 26, 2021, 07:57:25 AM

Quote from: nurilham on July 25, 2021, 06:48:43 PM

Generally, yes. But it depends on who the investors are. The result can be different among the investors. If you can do the right strategy in your Bitcoin investment, you can get a good result. Although many investors can gain big profits from their Bitcoins, it doesn't guarantee you to get the same result. Being a good investment or not should depend on many factors, including the strategy of the investors themselves.

That's correct, depends on the investors since the behavior of the investor is going to decide if they are going to be making money or not. Also, the guarantee of profits is what's baiting this newbie investors, they think that they will get money in their first try and then they are faced with big dips and dumps and now they're panicking and they don't know what to do and didn't expect that's what's going to happen.

Lol there is no investors that don't wanna earn money so their decision will always the same and that is Money making .

Why does need to invest if you will not seek for Income? if this is the option then never invest because there is no sense at all.

zanezane

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Quote from: nurilham on July 25, 2021, 06:48:43 PM

Generally, yes. But it depends on who the investors are. The result can be different among the investors. If you can do the right strategy in your Bitcoin investment, you can get a good result. Although many investors can gain big profits from their Bitcoins, it doesn't guarantee you to get the same result. Being a good investment or not should depend on many factors, including the strategy of the investors themselves.

That's correct, depends on the investors since the behavior of the investor is going to decide if they are going to be making money or not. Also, the guarantee of profits is what's baiting this newbie investors, they think that they will get money in their first try and then they are faced with big dips and dumps and now they're panicking and they don't know what to do and didn't expect that's what's going to happen.

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