Is bitcoin a good investment in this pendamic situation? - page 8.

smyslov

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

I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

It's a good investment compared to other markets, and many investors have proven that they shift their investment from mutual funds to forex to Cryptocurrency and from other offline investments to the Cryptocurrency market, those who are brave to do this, have made huge profits, it's a risky move but worth it for those who take the risk.

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Quote from: Rajamuda on July 04, 2021, 09:11:25 AM

The conditions like this seem to have pushed many people closer to bitcoin, of course the price of bitcoin is increasing because more and more people are active on the internet, and bitcoin already looks like one of the best opportunities here, because the more it is known.. people will be more familiar with bitcoin especially if it is supported by a situation like this.
Bitcoin's destiny is like directing it to survive until long lasting

Just like in the start of Pandemic wherein some stocks falls in price some investors shift in trading thru bitcoin. It makes investors as the well the normal people gain profit last year upto this early half of the year due to the price increases we experience. Those who are knowledgeable in crypto will definitely earn.

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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.

I think it's a good thing to start investing in bitcoin especially in this pandemic because you could theoretically earn a good amount of profit in bitcoin or cryptocurrencies.

But at this time of the pandemic, I don't really think that you should invest in cryptocurrency if you don't really have the extra money to invest because investing in cryptocurrency still has its risk so you could always lose the money you invest.

In my experience, my 300$ just exploded and I made a good amount of profit in just a small amount of time so it's totally worth it in my experience to invest but it could be different for you.

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Quote from: suzanne5223 on June 28, 2021, 11:47:42 AM

First of all, Bitcoin has proven to be a good investment in every situation which I see was also the main reason why the institutional investors join Bitcoin investment cause if it something that wont be profitable to them they won't have to join in the first place.
In spite of all the potential and benefits of Bitcoin investment is still a risk involving investment but can still be used positively if have the required knowledge in crypto.

Bitcoin passed a great test, as we know one of the reasons behind the creation of bitcoin was the economic crisis of 2007 and satoshi made a reference to this on the genesis block, however this is the first time that bitcoin faced a global crisis and it did so greatly, it was not perfect as the price crashed at the beginning stages of the pandemic but after that crash the price skyrocketed, so I think bitcoin has proven that it will do well when the economy is not, making it extremely valuable as a store of value.

2double0

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Like everybody here, I think you should wait for the right opportunity rather than fomo in. That doesn't mean that btc will not go high, but its recovery takes years sometimes and if the investor doesn't have the patience to be in btc for long term, he'll do the same thing of panic selling that he did during fomo'ing. Why not buy btc at much better rates instead of buying now and waiting for it to touch ath and break it while it probably reverses down?

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Quote from: Rajamuda on July 04, 2021, 09:11:25 AM

The conditions like this seem to have pushed many people closer to bitcoin, of course the price of bitcoin is increasing because more and more people are active on the internet, and bitcoin already looks like one of the best opportunities here, because the more it is known.. people will be more familiar with bitcoin especially if it is supported by a situation like this.
Bitcoin's destiny is like directing it to survive until long lasting

It is also a new generation type of deal, that is why the more money is left to the new generation there will be more money to crypto as well. Think about it this way, there are people who are 60+ years old, anything above 60 years old and to death, that age owns most of the wealth in the world today if you omit the richest 1000 people, so median average means elderly keep the money and they are buying stuff like stocks and gold. Then we have 40 to 60, some of them do own bitcoin but their money is not entirely in crypto, they just buy enough for a taste and that's it.

After that we have people who are 40 and under, those people do buy crypto like crazy, that is the demographic that bitcoin appeals and they have the least amount of money among any of those ages. The older we get, the more money our generation will have, and wealthy will be left to us, and we will buy more and more crypto.

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The conditions like this seem to have pushed many people closer to bitcoin, of course the price of bitcoin is increasing because more and more people are active on the internet, and bitcoin already looks like one of the best opportunities here, because the more it is known.. people will be more familiar with bitcoin especially if it is supported by a situation like this.
Bitcoin's destiny is like directing it to survive until long lasting

Ararbermas

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Yes it's.. but you need to wait for the right time before you invest in it. Because as you can see we are at these current situation wherein the whole market seems have no stable progress, so you better wait until it shows good results just to assure you are at the right time and you can avoid losing money in it, be careful because if you dive in right now it will be unpredictable if you can succeed or not afterwards in my opinion . So be patient instead and wait for the right time, don't rush when it comes investing remember that, wherein always follow the trend..

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I have a cousin who takes the opportunity to buy when the market crashes it was the time of the pandemic, I thought it's a crazy decision but he made a huge profit when all the coins that he bought on their floor price break each all time, it's an opportunity of a lifetime, but of course we don't want to have another pandemic just for the market to crash and buy cheap.

ILuckyGuyI

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To be honest, I think that Bitcoin is one of the best (or maybe the best) investment tools now. We have a chance to make a really good profit in the long term now if we buy from these levels. After seeing the big dump, I've bought some more. But now, I've just started waiting for the price to recover. And I believe that the price will reach a new ATH before the end of the year.

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Quote from: ropyu1978 on June 28, 2021, 10:54:28 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..

Well the post created in Pandemic time meaning lets talk about right now and not from the past but yeah investing in bitcoin all the time not for today or yesterday but instead all the day.
bitcoin is the most desirable investment nowadays , the coins had proven how good this can be for long term.
so now that we are experiencing the great profit we all have in our life.

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I agree. In these times when the financial environment is more and more unstable and uncertain, it is Bitcoin that is a safer option. Bitcoin is not the same with fiat-based investments which are more prone to the effects of inflation. It is unlike other forms of investment which could be directly affected by a global pandemic. Bitcoin is not dependent on fiat or on the performance of the economy in general.

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The normal answer would be a virus causing so much business loss is a time of lower growth, less money supply and circulation, also the cost of money rises and its relative strength to assets. In those times then BTC would not likely do as well, its headline price would pull back. However we have a monetary base being undermined by government over use of new debt, by comparison the BTC blockchain is steady over a decade and used globally it appears better then it normally would so its not a bad hedge for anyone stuck with a high debt government.

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Quote from: rhodelmabanal on July 01, 2021, 08:17:29 AM

I think bitcoin is not a great investment this pandemic, because many people needs funds right now and we all know that if we invest in bitcoin we need to hold and wait till price is become good. But there are still people that can still do investing specially to those who are financially free or rich person.

When it comes about investment, then you should not look for quick profits as you must need to be ready for holding for considerably longer period. Bitcoin is performing well from the beginning of the pandemic hence it must be a very good opportunity to invest with.

Moreover, I am not seeing any big impact in both positive or in negative way with bitcoin's performance due to pandemic but bitcoin remains unaffected due to pandemic and economic slowdown due to pandemic which must be an enough reason to consider bitcoin as a good opportunity to invest in this pandemic times.

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Quote from: rhodelmabanal on July 01, 2021, 08:17:29 AM

I think bitcoin is not a great investment this pandemic, because many people needs funds right now and we all know that if we invest in bitcoin we need to hold and wait till price is become good. But there are still people that can still do investing specially to those who are financially free or rich person.

I think the pandemic period is very good for investing for those of us who have more funds and today it is no longer a pandemic issue to invest, but it has become a digital era today where financial problems are already in the form of digital data. if we do not follow it, then financial problems will be slow to build.

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I think bitcoin is not a great investment this pandemic, because many people needs funds right now and we all know that if we invest in bitcoin we need to hold and wait till price is become good. But there are still people that can still do investing specially to those who are financially free or rich person.

ipanks

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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.

If people out there who do not know about bitcoin can start investing in bitcoin in this pandemic, they will not regret it and even they will grateful that they have a new investment that can help them still make money. But it is not easy to introduce bitcoin to them as many still prefer to invest traditionally and it seems they are hard to accept a new thing.

But we as crypto users know that we can not let this chance leave us because we already know that cryptocurrency can help us survive in this pandemic and make money.

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I will base my answer base on what I've seen last year where the pandemic started.

If you will see the movement of Bitcoin last year, it went up massively even though we are in a pandemic. Governments are printing money nonstop causing the value of their money to go down. Businessmen, rich investors and even average investors sees crypto as a hedge fund because if they stay on cash, their buying power will go down because of inflation.

Now to answer your question, as long as you have spare money to invest with anytime is a good time to invest into Bitcoin. Pandemic?? it doesn't matter and we've seen it last year that the pandemic didn't stop Bitcoin to go up. I'm just lucky that I bought some Bitcoin last year and had some profits until now.

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I think that it is a good investment, you might want to get in before the prices starts to go back up again, remember that with this pandemic, a lot of people are finding ways to make money online and bitcoin being one of the many ways to make money online, a lot of people are going to try it this pandemic and if their experience are good then they will probably spread the word and continue with it even after pandemic which means that there will be more people that are adopting bitcoin and the prices are going to go up.

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If your money was just sitting around in your bank then why not. But if you have something better to spend it on, or you're generally just unable to spend money right now due to the current situation, then it's better for you not to actually spend money on investing. I mean, that is the purpose of investment, after all, to grow more money while not being used. It's still a different issue, however, to actually know when to invest, when to set up stop-loss, what strategies to use, etc. There's also the issue of what your plan actually is for the future, whether you need money in the short term or long term, the answers there really, you just have to arrange the reasons why you should take it.

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