Is bitcoin a good investment in this pendamic situation? - page 6.

Raflesia

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Quote from: South Park on July 21, 2021, 01:43:20 PM

Quote from: DOH! on July 17, 2021, 01:22:55 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.

Much more appropriate during a pandemic is to buy and hold in the long term, this situation has to be like that and I think in the short term it should be done in some altcoins much more appropriate than BTC which has to be more capitalized, then that would be a good thing be held in any situation and you will definitely deserve the benefits later.

For now, the situation when it's going down, we really have to move quickly to take steps and buy it, just choose whether to take a small percentage or a bigger percentage but someday.

South Park

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Quote from: DOH! on July 17, 2021, 01:22:55 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.

Fatunad

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Quote from: kapalmabur on July 17, 2021, 02:20:11 PM

Quote from: DOH! on July 17, 2021, 01:22:55 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

everyone is discussing GBTC unlocked this month, is it really a Bitcoin price dump because of that?,
I still believe Bitcoin can reach new ATH again, it's just that Bitcoin must stay above 28k in this time, I'm very worried,
and still have more than 1 Bitcoin, and this is your luck if you haven't bought Bitcoin, because the price is very cheap now.

First thing that i wasnt aware or simply just missed it about BTC and made out some search.
https://coinfomania.com/gbtc-unlock-non-event-for-btc-primexbt-analyst/

Connected or not butt we know that market could really be highly reactive to news or sentiments like this but i dont see for it to be an enough reason to make out some bad dumps.
We might see some possible correction or decline but we cant really precisely determine if this one is the sole reason or just purely random.

kapalmabur

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Quote from: DOH! on July 17, 2021, 01:22:55 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

everyone is discussing GBTC unlocked this month, is it really a Bitcoin price dump because of that?,
I still believe Bitcoin can reach new ATH again, it's just that Bitcoin must stay above 28k in this time, I'm very worried,
and still have more than 1 Bitcoin, and this is your luck if you haven't bought Bitcoin, because the price is very cheap now.

DOH!

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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

South Park

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Quote from: michellee on July 14, 2021, 11:45:08 AM

Quote from: ?? on ??

I made a small profit from my investment during the pandemic, I just knew the market will get up once news of the vaccine comes out, my only regret was I never invested more I should have sold some of my property to invest in some of the top coins in the market, the advice buy low and sell high is very much true in times of the bear market.

You do not have to regret it because you still have much time to invest in bitcoin or altcoin. What you need to do is prepare for the next downtrend because that will happen in the future. And if you think you can make another profit soon, you better take it and hold the fund to wait for the next down. I am sure you can do that, especially if you already make a profit before. Bitcoin price will be up and down many times so you can use that moment to buy or sell.

Hindsight is always dangerous, we must remember that back then we did not knew how big the pandemic will be, if the pandemic was way worse than what it was there was the risk your investment in bitcoin would have been a bad idea as people would concentrate on food, water and other stuff that you actually need to survive during those difficult times, so it is fine that people were a little bit conservative and did not invested as much money in bitcoin back then.

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Quote from: ?? on ??

I made a small profit from my investment during the pandemic, I just knew the market will get up once news of the vaccine comes out, my only regret was I never invested more I should have sold some of my property to invest in some of the top coins in the market, the advice buy low and sell high is very much true in times of the bear market.

this is a mistake investing in bitcoin. You should use unused money to invest, not push yourself to sell some of the properties you own. maybe you will feel all is well when the market conditions are good and the investment goes according to your expectations. market conditions are very difficult to predict, when market conditions are bad people like you are very easy to panic because you use personal money.

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Quote from: Shamm on July 14, 2021, 10:51:50 PM

Investing in Bitcoins are really Good specially in pandemic time cause we at least we have an invest that we can wait for a time we need it to cash out if there's an emergency that we can use it anytime. That's the advantage of investing in Bitcoins but the dis advantage of Bitcoins is we can not expect the value we can cash out because bitcoins is Volatile.

It's the opposite because if you look at it, the pandemic needs you to spend more money and hodling or investing in bitcoin and other cryptocurrencies takes time before it fully matures, remember that this isn't a get rich quick scheme and it's not ideal to invest during the pandemic if it means that you will be starving, remember that you need to only invest what you can afford to lose and if you don't havve the money then you might have to choose not to invest.

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Investing in Bitcoins are really Good specially in pandemic time cause we at least we have an invest that we can wait for a time we need it to cash out if there's an emergency that we can use it anytime. That's the advantage of investing in Bitcoins but the dis advantage of Bitcoins is we can not expect the value we can cash out because bitcoins is Volatile.

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Quote from: Wong Gendheng on July 14, 2021, 09:57:44 PM

Quote from: ?? on ??

I made a small profit from my investment during the pandemic, I just knew the market will get up once news of the vaccine comes out, my only regret was I never invested more I should have sold some of my property to invest in some of the top coins in the market, the advice buy low and sell high is very much true in times of the bear market.

Bitcoin is the most profitable investment when the pandemic, almost all investment units decline, property, stocks, gold, end many more are red. I also regret selling bitcoin for cash when the price $25k in December, but I'm optimistic to start investing in bitcoin again. Now is the right time because the market will rise again soon.

The price of BTC isn't actually encouraging investors, it's not safe at all to invest right now in Bitcoin. Buying Bitcoin has to be timely with the price hitting the bottom or else you won't be profiting instead. Since last year the price went high that we never expect but it's now crashing while there's still a Pandemic. Buying today will only cause you to lose.

Wong Gendheng

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Quote from: ?? on ??

I made a small profit from my investment during the pandemic, I just knew the market will get up once news of the vaccine comes out, my only regret was I never invested more I should have sold some of my property to invest in some of the top coins in the market, the advice buy low and sell high is very much true in times of the bear market.

Bitcoin is the most profitable investment when the pandemic, almost all investment units decline, property, stocks, gold, end many more are red. I also regret selling bitcoin for cash when the price $25k in December, but I'm optimistic to start investing in bitcoin again. Now is the right time because the market will rise again soon.

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Quote from: Clavulanic on July 14, 2021, 06:12:45 PM

It will only be good when a person got a good savings before pandemic and be used to invest on bitcoin while it's on recent downturn. Meanwhile, that's unfortunate for the person who has no enough savings and yet aiming to own bitcoin. I can only suggest them to work harder in crypto like they can join other cryptocurrency related jobs or join any bounty campaigns that pays altcoins which can be exchange for btc.

Not only that they also need to be knowledgeable about crypto before they try to invest on this since the risk of losing money is so high here and I'm sure new users cannot take to see how their money drowning if the market is not in good shape that's why before they go on something they think good they need to learn first the flaws so that they can start to accept the possible result and try to bounce back again once they see an opportunity to enter and take their good positions.

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Quote from: farhanabd88 on June 28, 2021, 11:39:22 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.

There is no doubt that bitcoin is the most profitable investment even during a pandemic, this condition is different from many investments that move slowly and even stop such as property, gold, stocks, etc.

If you already have a good system to use then yes this venue is profitable, knowing how to facialatate well and keep improving

your skills and knowledge everything will run smoothly, bitcoin is a good asset during this pandemic, many people learn it and now

enjoying the benefits, while there are others who also showing their interest which will add more support in the long run.

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The price of BTC is in constant fluctuation, the volatility is doing its thing, but this has triggered the bulls of BTC to defend the price level, the truth is that they do not want it to fall below $ 30k, I think it is something psychological that do not allow the fall:

Quote

Contrary to this assumption, if bulls thrust the price above the 20-day EMA, the pair could reach the 50-day simple moving average ($35,361). A breakout and close above this level will be the first indication that sellers are losing their grip.

That will also increase the possibility of a break above $36,670. If that happens, the pair could start its journey toward the $41,330 to $42,451.67 resistance zone.

Source: https://cointelegraph.com/news/price-analysis-7-14-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

For now it is best to wait, the BTC bulls may be waiting for the best moment to prepare for a possible bullish rally, this pandemic has made many traders enter and want to raise the price.

Clavulanic

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It will only be good when a person got a good savings before pandemic and be used to invest on bitcoin while it's on recent downturn. Meanwhile, that's unfortunate for the person who has no enough savings and yet aiming to own bitcoin. I can only suggest them to work harder in crypto like they can join other cryptocurrency related jobs or join any bounty campaigns that pays altcoins which can be exchange for btc.

carlfebz2

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Quote from: ropyu1978 on June 28, 2021, 11:54:28 AM

invest in bitcoin, not only during the pandemic, but bitcoin was very well done before the pandemic, because bitcoin has provided real evidence, not mere fictitious, especially when the world economic pandemic weakens, almost all companies lay off workers, unemployment is everywhere, by itself investing in bitcoin, a very good goal, because it can make our finances recover, and can help our families by investing in bitcoin..

Having funds allocated for investment then its a good choice but dont cross out the probabilities on losing money too since its never been a guaranteed to make out profits here on bitcoin.

Now that people does have a hard time specially to those who lost up jobs or closed businesses due to pandemic then its really hard to make out investments but if you could risk to take a shot then its your choice.

Just remember that you cant just rely on one thing if you are talking on profits here on bitcoin investment.Always think of that movement here cant really be known then it does simply means that
you couldnt be sure on when you do make money.

SquallLeonhart

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Quote from: Sithara007 on July 13, 2021, 12:00:14 AM

I don't think that Visa/Master took action back then because of a rise in the number of defaults from cryptocurrency users. From what I heard, the unclear legal status of Bitcoin was primarily responsible for this situation. Recently payment processors such as Visa has become very selective. They have refused to provide their services to merchants in certain sectors, such as cannabis stores, porn websites, online casinos.etc. The action taken against cryptocurrency users was not a one off measure.

However I do understand that why it makes sense, it is not really something that should be seen as a bad thing, we should see it as prevention towards something bad, which is why cryptocurrency not getting acceptance from the card companies, that makes sense.

I am not sure about porn sites because they are wildly accepted as a legal business, but for example cannabis is not legal in every states so that means they can't accept it because it would be illegal in some states and that is the problem. That is why I understand the situation, it is really not a horrible situation but it is not a great situation neither it is just an acceptable situation. That is something we should just accept and move on, that is why let the card companies do what they do and as long as they accept most of the companies that do normal business like sell an apple or whatever then we have no problem.

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Quote from: ?? on ??

I made a small profit from my investment during the pandemic, I just knew the market will get up once news of the vaccine comes out, my only regret was I never invested more I should have sold some of my property to invest in some of the top coins in the market, the advice buy low and sell high is very much true in times of the bear market.

You do not have to regret it because you still have much time to invest in bitcoin or altcoin. What you need to do is prepare for the next downtrend because that will happen in the future. And if you think you can make another profit soon, you better take it and hold the fund to wait for the next down. I am sure you can do that, especially if you already make a profit before. Bitcoin price will be up and down many times so you can use that moment to buy or sell.

Yaunfitda

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Quote from: adaseb on July 11, 2021, 11:48:08 PM

From what I am reading most people who want to invest, usually buy Bitcoin and use their savings. Then they get some hardware wallet and hold it long term.

Probably these are smart investors, Grin

.

Quote from: adaseb on July 11, 2021, 11:48:08 PM

However there are also those people who want to trade Bitcoin, usually with leverage and usually with borrowed funds. Whether it’s from a credit card, loan, line of credit. Those are usually the ones which get liquidated at first. And we saw this back in late 2017 when people were opening up Coinbase accounts and funding with their credit cards. What that led to was visa and MasterCard blocking those transactions because if the market corrected they would be on the hook if it led to people defaulting.

Hence why it’s difficult to buy crypto these days with credit cards .

And that is a huge risk, borrowing money just to invest in crypto. And I would say that it is a double whammy as you have to pay credit cards with interest and then suddenly the market goes into bearish trend. So I don't agree with this kind of strategy. Just better to save your money and then invest on crypto later for long term hold. Less headache and the chance of getting a good returns in the future.

carter34

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Quote from: farhanabd88 on June 28, 2021, 11:39:22 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.

Whether the pandemic situation or not the supply quantity of bitcoin is the advantage over Fiat . In time to come in the future, the price of bitcoin will sky high for profit to hodlers. Fiat currency is usually inflation chanlenged which makes the value of purchasing of products reduced but bitcoin is not having such challenge, meaning more investment will come into bitcoin.

Topic: Is bitcoin a good investment in this pendamic situation? - page 6. (Read 1550 times)