Under Covid-19 Time Cryptocurrency Investment Time and Exit Time

[rk8814719]

Dear Members,
 Please Suggest Under Corona Virus Impact it all world All economic Crashed  but This Cryptocurrency Investment Time Or Exit Time.And How to Help us Digital  crypto currency in covid-19 All world.

[akram143]

As you said corona has affected the whole world economically, cryptos are also got affected but now the prices are back into normal and its emerging more compared to other kind of investment but remember it is highly volatile market so its not possible for anyone to say when you have to buy and sell.

[Keshav1458]

Well there are lots to speak about, Covid no doubt is a problem for Economy, but on the other hand, govt is trying to Fix the Economy by doing Quantitative Easing (Printing More Money) and reducing the Intrest on saving and bonds, which will eventually lead people to see alternative investment like Gold, Silver & Bitcoin. In that way Crypto can consider as the best asset class.

[reliable]

The next alternate asset now in the downturn of the world economy is the crypto currency. Many people are buying it and will continue to buy as the market opens up because this is the where the growth would be there in coming months. So better to start early and take advantage of the rise before it happens. Buy good coins and hold it for the price rise.

[suvo05]

I think currently more people are staking their money into the cryptocoins as they are finding less confidence in the stock market. The stock market is probably going crashes in a year.  And I think after the crash people will transfer their funds from crypto to the stock market again. 

[teosanru]

Dear Members,
 Please Suggest Under Corona Virus Impact it all world All economic Crashed  but This Cryptocurrency Investment Time Or Exit Time.And How to Help us Digital  crypto currency in covid-19 All world.

You know when is the best time to invest in cryptocurrency? It's now. It's always now. One thing I have realized in this cryptocurrency market is that you just can't sense the market. Market is bigger than you. When we think of some fundamental reasons which could potentially lead to declining of crypto we don't realise that fundamental reason has other side of coin too which we just don't think. Either become a full time trader and see the market everyday only then you could know when will market take turns otherwise everyone here are just giving their opinions which will be contradictory from each other. So if you want to buy crypto and hold it for sometime just do that now.

[reliable]

I think currently more people are staking their money into the cryptocoins as they are finding less confidence in the stock market. The stock market is probably going crashes in a year.  And I think after the crash people will transfer their funds from crypto to the stock market again. 

Those who had invested during this lockdown time as well would have today made a decent return of investment in the crypto as the surge of bitcoin price has risen to 11000$. In just 2 days from 9500$ to 11000$. Also, this may rise as well but good to see in this range.