What risks will you get in investing during the COVID-19 pandemic? - page 2.

Coyster

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Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.

All these do not really affect Bitcoin, it is the traditional economy that feels all the brunt of lockdowns and closed businesses, that's the reason why many economies are still struggling as a result of the pandemic and the policies they took to curtail it, ironically, this is a very good time to Invest in Bitcoin, with inflation affecting most fiat currencies, Bitcoin is a good hedge to fiat devaluation and a means to retain the value of ones funds.

Having said that, there are always risk concerns with the network, notwithstanding the time or period you invest, but what is necessary is just to work in building sufficient knowledge of the network so you don't invest more than you can afford to lose and also so you don't lose your funds to scammers, that's a few what you have to consider before investing, and then again, Bitcoin has been relatively unaffected by the covid-19 pandemic till this very time, and that's why institutional investors and influential individuals are now investing in Bitcoin, that's enough to prove that Bitcoin is a good investment pre, during and post pandemic.

imstillthebest

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you already explain how difficult the situation right now because we are still in covid pademic therfor investing is difficult too because people can only have limited funds and if ever they loose it they may not be able to invest anymore but like you said people are more attentive now ,
they can carefully chose a crypto and watch the coin closely so chance of loosing can be lesser now than earning .

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Quote from: NeverSop on August 27, 2021, 04:50:45 AM

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What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

For me, investing in bitcoin is safe and potentially profitable, which has been proven in the past since the crypto market concept was born. Covid 19 proves to be a great opportunity to invest more safely. They have time to learn, research whatever is best, while bitcoin has become an asset that maintains the core and reduces risk to future finances.

it is late to talk about Covid 19 investment related to crypto investing because we are already close to ending this virus meaning the effect in market is not that high compared to what we had last year when the virus is just spreading.

Quote from: semobo on August 27, 2021, 11:45:40 AM

Pandemic which spreads all over the world crushed the economies which directly affected all class people but people who are rich will have enough money to survive while poor can't think about savings and investing, all they want is to survive the time and alive there in the future.

it is not the poor that we are talking here but instead investors who are capable but have some doubts because of the pandemic.

ninabobo

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Investing during a pandemic could be very risky due to the rate of price decrease in commodities but can also be a good time for investment because at that time you get most things cheaper especially in crypto you get most coins very cheap which increases your chances of getting more profit because when the effect of pandemic reduces those who sold in panic would want to reinvest and surely price will start increasing again, we could all use the previous covid pandemic as an example after many people sold in panic later on price pumped real good.

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Quote from: semobo on August 27, 2021, 11:45:40 AM

Pandemic which spreads all over the world crushed the economies which directly affected all class people but people who are rich will have enough money to survive while poor can't think about savings and investing, all they want is to survive the time and alive there in the future.

This has nothing to do with investment actions in my opinion, in fact today the poor do not really understand what investment is, especially with regard to investing in the crypto world, we are discussing the issue of the impact of the covid-19 pandemic in relation to investing in cryptocurrencies, so the respondents are not poor people which is a general reference in seeing the impact, indeed based on several research results from experts or economists who say that the COVID-19 pandemic is greatly affecting investment at this time.

carrigan

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All investments have risks, whether investing in cryptocurrencies or something else. Especially during the COVID-19 pandemic, as it is now, some people's income or income has decreased, even to the point of losing their jobs. This certainly makes the capital to invest down and decrease. But despite all that, there are actually many people who trade in cryptocurrencies due to restrictions on outside activities, so they are looking for ways to keep making money even if only at home, namely by investing in cryptocurrencies with the capital they have.

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Investing is not choosing any world problem or global crisis. The right time to invest whether it be cryptocurrencies or any other investment vehicle is when you're ready.
There's no problem as you invest in bitcoin at the time of the pandemic, that's even better because you've seen how this pandemic is devastating those people that have no other means of income. And as you invest, you're hoping that someday you'll use the profit in the right thing if some unexpected event comes into your life and you need some cash for it by which you're going to use your profit from your investments.

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Investing in any case requires careful thought, including investing in cryptocurrencies. If you are just getting started, then start with a small investment. until one day you understand cryptocurrencies, then you can start investing as you want

Investing right at the moment and still facing the effect of the pandemic is a different kind of decision that every traders are now dealing. I mean, the life right at the moment is hard, the economic of every nation is still trying to make up from the economic lose. In my personal experience figuring out how to allot a part of my money today for investment is worth it and hard decision at the same time because the risk of I might lose the money that I have was still there but I'd still have to choose to take a risk than be sorry.

semobo

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Pandemic which spreads all over the world crushed the economies which directly affected all class people but people who are rich will have enough money to survive while poor can't think about savings and investing, all they want is to survive the time and alive there in the future.

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Quote from: Khumaidi on August 26, 2021, 11:04:11 AM

Quote from: Devifajarina on August 26, 2021, 10:07:44 AM

Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

Using digital currency in various virtual transactions has become commonplace Bitcoin is an example of a digital currency of popularity, Bitcoin is on the rise and is being talked about by people around the world, even now many people are trying to look at Bitcoin as a promising investment instrument, including during the pandemic but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.

Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

In this time of the COVID-19 pandemic, many sectors have been affected by the outbreak, both the economy, tourism and others, but if you look at crypto conditions that don't have a big impact in terms of investment, we can see the current movement of bitcoin and other coins on the market.

For now it is still very safe to invest in cryptocurrencies and currently cryptocurrencies are very supportive to do that, the COVID-19 pandemic conditions are not so influential in my view of investing, both now and later this year.

I totally agree with your view regarding the risk of the impact that occurs on stock investment during the covid 19 pandemic, yes indeed if we look at the market list, there has not been a significant impact on investing, but we must not deny that the economic conditions of all countries in the world look very declining. caused by a pandemic

If this is calculated regarding fiat currencies, then it greatly affects the impact of the Covid-19 pandemic, but if you look at the current state of cryptocurrencies, there are almost no major effects, even now the crypto market is quite stable and promising.

That is why I say that investing in cryptocurrencies has no effect on the current state of the covid-19 pandemic, unlike investing in fiat or conventional currencies, it may be quite influential for now.

tees420mar

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Covid-19 making everyone fear of their lives hence it taken too many lives now and still we are still far away of defeating the virus because of many variants coming lately and by that it will take lot more time to be stuck in our houses. The pandemic really made everyone's life miserable that's why we should stay protected and optimistic that one day we will go back to our normal routines without worrying

BigBos

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Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

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Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

we cannot say that investing in bitcoin or other cryptocurrencies is safe because this is an investment that has a big risk. however, you can see for yourself, since the beginning of the pandemic, until now, the development of the crypto industry is very fast compared to others. in fact, it is very successful in developing, because even during the pandemic, bitcoin and other cryptocurrencies are growing by leaps and bounds.

however, so far, I'm also still making some profit from cryptocurrencies. I think that this is a good thing. but in this case, we also need knowledge because there are quite a lot of scammers, and other things that can make you uncomfortable in investing. however, the risk in cryptocurrencies is that their prices are very volatile, and I think it's still a profitable place to be in times of a pandemic, or even when it's over.

NeverSop

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Quote

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

For me, investing in bitcoin is safe and potentially profitable, which has been proven in the past since the crypto market concept was born. Covid 19 proves to be a great opportunity to invest more safely. They have time to learn, research whatever is best, while bitcoin has become an asset that maintains the core and reduces risk to future finances.

aemma

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Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

Using digital currency in various virtual transactions has become commonplace Bitcoin is an example of a digital currency of popularity, Bitcoin is on the rise and is being talked about by people around the world, even now many people are trying to look at Bitcoin as a promising investment instrument, including during the pandemic but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.

Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

I even see this in another way, that is, in a more beneficial angle. That is, when people finds it hard going out to their businesses because of Covid-19 pandemic, they will most likely get involved with cryptocurrencies as that will give them the opportunity to also earn while at home. Also, in the case of some of the businesses like food as you mentioned, the owner of the business can go for home delivery services, and even go for acceptance of cryptocurrencies of his choice, such that, when orders are placed and paid with crypto, the food or whatever can be delivered to the person. This will save the business owner from running out of business, create jobs for dispatchers at the same time, save the customer the stress of going out and reducing the spread of the Covid-19.
Therefore in other words, cryptocurrencies will open up new ways for people if they give it that chance, so there is no risk at all but it however reduces the risks since all transactions are done online.

meanwords

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Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

Using digital currency in various virtual transactions has become commonplace Bitcoin is an example of a digital currency of popularity, Bitcoin is on the rise and is being talked about by people around the world, even now many people are trying to look at Bitcoin as a promising investment instrument, including during the pandemic but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.

Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

There's always a risk investing in anything, Even if there's a pandemic or not. Although, we are actually moving up because of how Digital the world has become. Everything related to technology and internet is evolving at an incredible rate and this probably helped cryptocurrency grow. If you think about it, even if there's a risk investing in cryptocurrencies, the bullish market is making up for that.

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all in all, I can say without a doubt that the pandemic has definitely accelerated demand for digital currencies, and enabled them to grow faster and higher than ever before. And, if fiat currencies do start to see inflation issues as many assume they might, we will be very lucky that the crypto industry has developed as much as it has. There is still a lot of work to be done and a lot of improvements to make, but it is growing at a rapid pace, and I can’t see any reason to call it a bad thing. https://blockster.com/blockdesk/1145_how-covid-19-increased-crypto-demand

gwdf1

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I think that there is no matter if it is a pandemic or not, crypto always has its risks. Personally I don’t think that interest in crypto is only because of people's little employment, but maybe it is rather because of the falling of dollars and its permanent emission during the covid-19. Investing in crypto is always risky, but if we talk about mainstream currencies, we can be more calm.

RussianEnglishTranslation

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Quote from: Khumaidi on August 26, 2021, 09:08:57 AM

Using digital currency in various virtual transactions has become commonplace Bitcoin is an example of a digital currency of popularity, Bitcoin is on the rise and is being talked about by people around the world, even now many people are trying to look at Bitcoin as a promising investment instrument, including during the pandemic but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.

Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?

What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?

People will no longer be able to leave their homes so they will move to virtual worlds like cryptovoxels https://www.cryptovoxels.com/spaces/c858170a-8672-4b9c-95ab-7dfe6ef7a2e6 Investing in projects and land doing what's called "metaverse" will probably have high returns. Even facebook is moving their platform to the metaverse and purchased oculus VR. Blockchains hosting VR worlds will need to be faster than Ethereum, Ethereum is too slow currently for mass adoption so VR worlds will likely be built on Solana, Polygon, and NEAR protocol.

bitzizzix

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Risk in every investment has risk without affecting natural conditions such as the current pandemic, the only difference being the individual's financial situation and having to really choose the right and profitable investment.
it's good before doing you have to study it first and understand well and the risks that will be faced, and investing in crypto also has risks and but if you study it well and do a good analysis the risk will be far from you.
do in-depth research before choosing a coin that is good and profitable for you and choose the right time to buy and resell it at a favorable time and apart from that you must also have a strategy and a goal to get a good return according to your plan.
if your finances are not good during a pandemic, never invest with your core money and invest with extra money or you can afford and are ready to lose, so you must really prepare everything well before doing it.

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Quote from: poldanmig on August 26, 2021, 10:00:47 AM

Whether there is a pandemic or not, investing in crypto certainly has risks that is certain that if we do not have sufficient knowledge in investing, in my opinion investing is not just buying crypto assets and storing them, but investing in crypto must have a strong knowledge base about analysis, opportunities, and also being able to read market conditions for the assets we invest in, nowadays many people experience losses when investing and that happens because they do not have knowledge of crypto so they invest only relying on instinct.

Any form of investment is always associated with risk and cryptocurrencies are not exception. The covid-19 has negative impact on all businesses, Travel, Transport, Tourism, Film industry and many many mores but surprisingly online businesses have grown during this hard time because of lock down and social distancing people avoid moving out of their homes unless it is necessary so obviously they spend more time on internet and involve in online trading and investment activities. Don't forget that Bitcoin has made ATH during the corvid-19 period which surprises everybody..

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