Is bitcoin a good investment in this pendamic situation? - page 5.

Wawa2013

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Quote from: mrjoy15 on July 25, 2021, 12:55:31 AM

Quote from: Wawa2013 on July 24, 2021, 11:33:26 PM

Quote from: TelolettOm on July 23, 2021, 06:46:50 PM

Quote from: Wawa2013 on July 23, 2021, 06:23:19 PM

~

Agree. When most investments are decreasing during the pandemic, Bitcoin looks to grow well. That's the reason why many players on the stocks market moved massively to crypto investment, especially to invest in Bitcoin. So, basically, there is no doubt that Bitcoin is the real solution for investment in the pandemic. But surely there is no guarantee of success or earning big money from Bitcoin. It depends on how the strategy, know a good time to buy or sell, and have a good attitude/mental. These require serious learning if you are a newcomer.

Many people mistakenly think that Bitcoin can provide instant profits and when the Bitcoin price falls like it is today, those people blame Bitcoin.
Even though they are mentally weak and they don't understand how Bitcoin works. I agree Bitcoin will be a good investment, if we have knowledge,
market reading skills, patience and strong mentality. If all these things are owned, to get profit from Bitcoin it is only a matter of time.

Normal human behavior, don't dare to change it or interfere to their decision. Let's continue think their own ways. The market is currently going through a speedy recuperation however I wouldn't call it bullish yet. A smart trader are waiting, watching and reacting to market movements. Being a decision maker in the market keep active then profit is on the way.

Bitcoin price recovery is currently fairly fast, since Bitcoin dropped to the price of $29k, not long after that the price of Bitcoin rose quite quickly.
And now Bitcoin has reached the price of $ 38k, but as long as it has not risen above the price of $ 40k it has not entered a bullish trend.
I agree that for now we really have to wait patiently for Bitcoin price movements, don't rush into making decisions. Because there is still
the possibility of Bitcoin price going down again, but I really hope for now Bitcoin can pass the price of $ 40k. To get Bitcoin back on the right track.

nurilham

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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.

South Park

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Quote from: YOSHIE on July 23, 2021, 12:37:20 AM

I have something to say to you 'Crypto' 'investment' and 'pandemic'.

In my country before the crypto/Bitcoin pandemic was not so trusted by many people, let alone investing, the pandemic happened, making all elements of the lower and upper classes find out what Crypto and Bitcoin ar.

Currently almost 80% of the community is already involved in crypto investment, not only that, local banks and our own government have issued digital currencies today that can be traded on crypto exchanges, meaning that crypto has been well received in our society.

Bottom line: a good alternative right now is to invest in Crypto for the long term.

It is great to read about these local success stories as this shows that bitcoin is not only an asset to speculate with but it is also being used by people all over the world, to me this pandemic was a test and bitcoin passed it, it had some difficulties at first but it did so perfectly and I am happy about it, after all bitcoin had not faced a world crisis and without a doubt the pandemic was one and yet despite the crash that we went through bitcoin went up in value as we speculated it could happen, as people began to understand that bitcoin is a store of value and they began to use it as such.

Yamifoud

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And you have said it right.
This was an opportunity for those who believe and trust crypto but for those who just remain doubtful, they will say it was the worse investment to be. Well, they have some point talking about it as it was also matters on how we manage our investment during this pandemic. In fact, many had come but only a few have succeeded but for the others, this will be their nightmare, and lose all the money they have.

Victorycoin

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It is a good decision to invest in bitcoin no matter how bad the situation bitcoin will not be affected it is a good currency for the future. Bitcoin's price is low now but a good currency to hold the first savings of investors is bitcoin in the crypto market.

mrjoy15

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Quote from: Wawa2013 on July 24, 2021, 11:33:26 PM

Quote from: TelolettOm on July 23, 2021, 06:46:50 PM

Quote from: Wawa2013 on July 23, 2021, 06:23:19 PM

we can all see Bitcoin's performance during this pandemic has increased quite significantly. So for me Bitcoin is a good investment choice in a pandemic situation like now.

Agree. When most investments are decreasing during the pandemic, Bitcoin looks to grow well. That's the reason why many players on the stocks market moved massively to crypto investment, especially to invest in Bitcoin. So, basically, there is no doubt that Bitcoin is the real solution for investment in the pandemic. But surely there is no guarantee of success or earning big money from Bitcoin. It depends on how the strategy, know a good time to buy or sell, and have a good attitude/mental. These require serious learning if you are a newcomer.

Many people mistakenly think that Bitcoin can provide instant profits and when the Bitcoin price falls like it is today, those people blame Bitcoin.
Even though they are mentally weak and they don't understand how Bitcoin works. I agree Bitcoin will be a good investment, if we have knowledge,
market reading skills, patience and strong mentality. If all these things are owned, to get profit from Bitcoin it is only a matter of time.

Normal human behavior, don't dare to change it or interfere to their decision. Let's continue think their own ways. The market is currently going through a speedy recuperation however I wouldn't call it bullish yet. A smart trader are waiting, watching and reacting to market movements. Being a decision maker in the market keep active then profit is on the way.

molsewid

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Quote from: Renampun on July 21, 2021, 04:48:38 PM

Bitcoin is the best investment during this pandemic but you still have to be aware that the price is very volatile...

Bitcoin prices change wildly every minute, don't when you see the Bitcoin price drop or sell then you immediately sell your BTC. make Bitcoin a long-term investment then you will see your investment grow many times from the year you bought it.

I would like to emphasize that the whole cryptocurrency platform is the best investment during this pandemic especially bitcoin. But to be honest there are also many altcoins that are good for investment too especially those altcoins used in an nft game which is in demand today and went moon as the nft game went on craze too. We could find a good catch token in an early state only if you know how to check the project and of course make your own research about it.

Wawa2013

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Quote from: TelolettOm on July 23, 2021, 06:46:50 PM

Quote from: Wawa2013 on July 23, 2021, 06:23:19 PM

we can all see Bitcoin's performance during this pandemic has increased quite significantly. So for me Bitcoin is a good investment choice in a pandemic situation like now.

Agree. When most investments are decreasing during the pandemic, Bitcoin looks to grow well. That's the reason why many players on the stocks market moved massively to crypto investment, especially to invest in Bitcoin. So, basically, there is no doubt that Bitcoin is the real solution for investment in the pandemic. But surely there is no guarantee of success or earning big money from Bitcoin. It depends on how the strategy, know a good time to buy or sell, and have a good attitude/mental. These require serious learning if you are a newcomer.

Many people mistakenly think that Bitcoin can provide instant profits and when the Bitcoin price falls like it is today, those people blame Bitcoin.
Even though they are mentally weak and they don't understand how Bitcoin works. I agree Bitcoin will be a good investment, if we have knowledge,
market reading skills, patience and strong mentality. If all these things are owned, to get profit from Bitcoin it is only a matter of time.

goinmerry

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As long as you know what to do, then nothing wrong with it.

But it's risky if you will invest in Bitcoin to support your daily need in the pandemic. Bitcoin isn't served a purpose like that. Taking profits in Bitcoin will take time especially if we look at the current price movement, there's not much large swing.

Bitcoin is swinging in a gap $3,000 to $4,000 range these days. A good chance to daytrade if you are in rush getting profits.

Mahanton

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Quote from: TelolettOm on July 23, 2021, 06:46:50 PM

Quote from: Wawa2013 on July 23, 2021, 06:23:19 PM

we can all see Bitcoin's performance during this pandemic has increased quite significantly. So for me Bitcoin is a good investment choice in a pandemic situation like now.

Agree. When most investments are decreasing during the pandemic, Bitcoin looks to grow well. That's the reason why many players on the stocks market moved massively to crypto investment, especially to invest in Bitcoin. So, basically, there is no doubt that Bitcoin is the real solution for investment in the pandemic. But surely there is no guarantee of success or earning big money from Bitcoin. It depends on how the strategy, know a good time to buy or sell, and have a good attitude/mental. These require serious learning if you are a newcomer.

Investments arent bad on times like these because its up to someones decision whether they do make out investment or not as this will really be depending on someones capacity in terms of financial.
Pandemic situation isnt a big hindrance for some people but for those who had just right or ample of money to earn on then this would really be a big problem to them but if you could really see
some opportunities then you would really be finding a way.Someones success will really be depending on how dedicated you are towards your goals in life.
Actions would really be next in line depending on what you do think of.

TelolettOm

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Quote from: Wawa2013 on July 23, 2021, 06:23:19 PM

we can all see Bitcoin's performance during this pandemic has increased quite significantly. So for me Bitcoin is a good investment choice in a pandemic situation like now.

Agree. When most investments are decreasing during the pandemic, Bitcoin looks to grow well. That's the reason why many players on the stocks market moved massively to crypto investment, especially to invest in Bitcoin. So, basically, there is no doubt that Bitcoin is the real solution for investment in the pandemic. But surely there is no guarantee of success or earning big money from Bitcoin. It depends on how the strategy, know a good time to buy or sell, and have a good attitude/mental. These require serious learning if you are a newcomer.

Wawa2013

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Quote from: dezoel on July 23, 2021, 03:21:27 PM

No matter how many people keep talking about "investment" being the way out, it is really not, it definitely is not the way out. You could see Amazon finally bankrupting one day, sure it is making more and more money but who knows what is going to happen to them? Maybe one day they will be bankrupted by some union problem and legal penalties towards it? Maybe someone leftist like Bernie but younger will become president one day (which is very hard in USA but not impossible) and destroy amazon? Maybe Tesla will be sold and the new owner will suck? We literally have no idea any stock that can forever keep going, any stock "could" drop.

What about bitcoin? Maybe quantum computing will make it impossible to keep it stable? Maybe it will destroy the blockchain and just take the ownership? There is nothing you can "invest" and be in 100% guaranteed profit. So why not pick bitcoin in pandemic? Not like it is any worse than the others.

I agree that every investment has its risks. and as good investors we should realize that no investment guarantees 100% profit. Therefore it is
the same as Bitcoin, although it has a high risk, but as long as we have good risk management. Everything can go well too, moreover we can
all see Bitcoin's performance during this pandemic has increased quite significantly. So for me Bitcoin is a good investment choice in a pandemic
situation like now.

pinggoki

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Thing is, like a lot of the people here in this thread, Bitcoin is not only good an investment for situations like this, it is a must-have asset that everyone with access to the internet should include in their portfolios because the possibilities for gains in this cryptocurrency is just too high to ignore. Sure the fact that it is intangible and easily accessible plus the fact that it's secure and boundless works best in situations where you cannot just go outside the house and meet with people as with fiat and assets that will require a broker's assistance, but it is best for every type of daily situation since it is versatile.

Quote from: ShowOff on July 23, 2021, 03:45:42 PM

This is the reason why we are required to consider the amount of money we can afford to lose if we intend to invest. Bitcoin investment is by no means risk free because if we have a chance of getting more than 50% then we also have the potential to lose the same percentage.
To put your mind at ease when investing, it's a good idea to consider this investment as future saving in bitcoin.

One thing the OP might find useful, don't think that bitcoin will make you rich overnight and it's not a get-rich-quick scheme. Whether during a pandemic or not, bitcoin is a good investment asset for those who believe in its future potential.

You are certainly right about this. The statement I spoke on about applies greatly to people who can afford to buy a few coins here and there without the need to skip lunch or dinner next day. Of course as a wise investor you should be able to identify and budget how much you will be willing and able to lose without said loss impeding on your lifestyle.

ShowOff

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This is the reason why we are required to consider the amount of money we can afford to lose if we intend to invest. Bitcoin investment is by no means risk free because if we have a chance of getting more than 50% then we also have the potential to lose the same percentage.
To put your mind at ease when investing, it's a good idea to consider this investment as future saving in bitcoin.

One thing the OP might find useful, don't think that bitcoin will make you rich overnight and it's not a get-rich-quick scheme. Whether during a pandemic or not, bitcoin is a good investment asset for those who believe in its future potential.

dezoel

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No matter how many people keep talking about "investment" being the way out, it is really not, it definitely is not the way out. You could see Amazon finally bankrupting one day, sure it is making more and more money but who knows what is going to happen to them? Maybe one day they will be bankrupted by some union problem and legal penalties towards it? Maybe someone leftist like Bernie but younger will become president one day (which is very hard in USA but not impossible) and destroy amazon? Maybe Tesla will be sold and the new owner will suck? We literally have no idea any stock that can forever keep going, any stock "could" drop.

What about bitcoin? Maybe quantum computing will make it impossible to keep it stable? Maybe it will destroy the blockchain and just take the ownership? There is nothing you can "invest" and be in 100% guaranteed profit. So why not pick bitcoin in pandemic? Not like it is any worse than the others.

btc78

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Quote from: farhanabd88 on June 28, 2021, 10:39:22 AM

Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

The Title questions seems to be inappropriate because it is more than a year now since pandemic ruin the world yet you are asking about how good Bitcoin as investment in this season?
Look how much profit earned from those who invest in bitcoin last March 2020 when the market dumps and the pandemic create FUD in the world of crypto.
and besides those people that has nothing to spend their money will always be the best person to trust this.
Look how much you can gain after the years of waiting than putting your money in banks, or investing in business you don't really understand.

Kong Hey Pakboy

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I think given how we need different avenues to make money now that the pandemic has made some people been laid off of their jobs. And cryptocurrencies give a good opportunity to make some money out of it's volatility.

YOSHIE

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I have something to say to you 'Crypto' 'investment' and 'pandemic'.

In my country before the crypto/Bitcoin pandemic was not so trusted by many people, let alone investing, the pandemic happened, making all elements of the lower and upper classes find out what Crypto and Bitcoin ar.

Currently almost 80% of the community is already involved in crypto investment, not only that, local banks and our own government have issued digital currencies today that can be traded on crypto exchanges, meaning that crypto has been well received in our society.

Bottom line: a good alternative right now is to invest in Crypto for the long term.

Renampun

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Quote from: farhanabd88 on June 28, 2021, 10:39:22 AM

Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

Bitcoin is the best investment during this pandemic but you still have to be aware that the price is very volatile...

Bitcoin prices change wildly every minute, don't when you see the Bitcoin price drop or sell then you immediately sell your BTC. make Bitcoin a long-term investment then you will see your investment grow many times from the year you bought it.

milewilda

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Quote from: South Park on July 21, 2021, 12:43:20 PM

Quote from: DOH! on July 17, 2021, 12:22:55 PM

Bitcoin is always good in any situation, if you want to go directly into the market with the strongest, most confident. Sure, It's always bitcoin, important is a buy stop, I think, all price action now is bullish but better save it for tomorrow. Decisive date for the GBTC dump to be unlocked. Anything I will have an advantage if cautiously consider tomorrow. I'm still optimistic about this situation~. Buy and hold

To the bold part I will add the caveat of bitcoin being good in any situation only if you are willing to hold your coins for the long term, for example does it makes a difference if you bought at 30k or 29k if you sell your bitcoin when it is valued at 500k? Not really, however if you are planning on being a short term trader then selecting the right moment to buy bitcoin is critical and should be done at moments like yesterday when the price went down below a resistance level that had been difficult to break.

When buying bitcoin then you should really think of on what are your goals neither a short term or a long term one and if you are thinking that you would really be relying into those profits in short term
then you would really need up to trade actively which it is something for someone who could get it on overnight which does involved lots of time and lots of trade for you to learn up everything
and make yourself sustainable and it isnt easy as it sounds on where most people do really believe and assume on but if you dont really care on holding it up for long time then
this would be the best choice imho but of course you should be mindful about the risk as it always be.

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