Bitcoin and Covid 19

[GreatArkansas]

bitcoin gets the attention again due to defi and pandemic makes people look for income sources. this isn't surprising anymore but bitcoin doesn't really provide income unless you try investing to some projects that allows you to profit. this type of investment though will also require a ton of money. if you are open to staking coins or yield farming it could just save you from the effects of pandemic.

It's a huge risk when you will totally rely on Bitcoin in terms of income. Bitcoin is extemely risky. If you will totally rely on Bitcoin for income, for your daily expenses especially for your family, it's tough. Unless when you use Bitcoin to trade not only for holding, but when you do trade, it's still risky, you can't guarantee you will generate profits.
For my experience, Bitcoin this pandemic kinda become my emergency funds since we all know a lot of businesses and job lost during this pandemic and I am happy that I have some Bitcoins in my wallet to pull for emergency funds.

[mangsitin]

Well, if you're simply here as an investor/trader, then expect profits in the long term without doing much, but in the short term? You'd have to know the ins and outs of trading to profit, and that doesn't even guarantee you'd profit that much. Invest a part of your shares that you can probably afford to lose, and that's basically it. In terms of investment well, yes Bitcoin is still good, but if you were to use it as a medium of payment, as much as I hate to say it, there's still issues with its speed and tx fees hence why it isn't really the best to actually use as a medium of payment. You're still welcome to use it as such of course, but thinking mainly from a business standpoint, there isn't really a big of an advantage in using it as a currency instead of the usual system that we have right now.

yes, I understand.  I will invest some shares in the crypto world.  and for the short term, I will try again to start trading in my spare time.  I am still confused by today's Covid which concerns all aspects of the economy, even some exchanges also take expensive fees for transactions.  but my business is always a priority over crypto world in today's covid condition.

bitcoin gets the attention again due to defi and pandemic makes people look for income sources. this isn't surprising anymore but bitcoin doesn't really provide income unless you try investing to some projects that allows you to profit. this type of investment though will also require a ton of money. if you are open to staking coins or yield farming it could just save you from the effects of pandemic.

I see, there are no good projects today, I say that Covid 19 affects all elements of the economy.  In the crypto world, investing, trading still has a chance for profit, but I think today's project is very bad.  i only invest in bitcoin, ETH.  the project just makes me doubt.  and I can't take a big risk.  and finally I found my choice from all the comments here.

[moderator's note: consecutive posts merged]

[Wallflower28]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

Bitcoin is always good as investment. But as of now, its price is higher compared when the 2020 opened and past year. I am just thinking, did you left your business in real world and move again in cryptocurrency? I am sure that you are in the right path in choosing the best investment to you. Bitcoin as well as trading in cryptocurrency is good because you can easily make money through online. You may also add your learnings on how you will deal with your capital since trading is risky than your business. I hope that your return in bitcoin industry will become prosperous!

[imstillthebest]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

its leave not live ? you did leave crypto because your business was in good shape that time , that was your mistake man but why leave them when you can work them all together ? what kind of business you have , you can hire workers so that you can have a time for your crypto works and what is good is that your providing other people a job .

 you earn good on your business , you have the ability to pay your worker and by doing crypto task you can earn more income   .

  that outcome can be much better if it applied in reality but its not too late yet.  covid cant make us down but its a test to make us stronger

[plvbob0070]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

Like what others said, bitcoin is still the same and in fact, it's getting more attention in investments. Being good or not now depends on how you will handle your investments in bitcoin to earn a good profit and avoid losses. And it seems that you've been here in crypto space before so it's not new to you at all so it means that you know how the market works.

But I'm wondering what made you come back when you mentioned that you are already getting a lot of income in your current business? Does it mean that it's affected by the pandemic? Why would you invest your business in bitcoin when you have a good profit there? Maybe you can invest some, but is it necessary to invest all?

[palle11]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

To leave your business in just one direction isn't really the best to be rich and comfortable. So if you are trying to diversify in cryptocurrency, is good. Bitcoin is a good coin to invest on. You can hodl bitcoin a long time for profit margin, if you can't trade.

[Alucard1]

Welcome back to the world of cryptocurrency mate, can we know what business is that? Many businesses fall because of the pandemic. The good thing is that your back in the crypto world, many people become more focused on cryptocurrency because of the things brought about by the pandemic. If you are looking for a good way of earning money in cryptocurrency and you are asking about investment, I can say that it is good, it is still just like before and this would be better if you invest in the long term to have more profit in the future.

[shamimal93]

Since covid 19 has adversely affected your business.  So investing in Bitcoin can be a good decision for you. If you have a good knowledge of Bitcoin then you will benefit. And if you have less knowledge about Bitcoin then you will not be able to benefit as much. Indeed, Bitcoin is still a good place to invest.  And I believe that will continue to be one of the means of investment in the future.

[d_fitrie]

bitcoin is still the best, I monitor altcoin prices like following bitcoin prices, bitcoin prices go up, so many alcoin prices go up and vice versa, so in my opinion bitcoin is the best. What is your opinion?

[Ridwan Fauzi]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

You have known how crypto currency work and its benefit for your income because you have got a lot of income before, so why do you ask like that? Every place will certainly have a risk and you can never get away from it. Especially at this situation, coronavirus has given a lot of impact for human being, in this case we will talk about the economic situation.

The virus has given an impact for crypto price as well, you can look the history chart for all crypto currency price exactly at march 2020 ago bitcoin and all crypto price have fallen down a lot, it has happened as well to all traditional investment like stock and etc.

But greatfully many people think that crypto currency especially bitcoin has considered as safe heaven asset like gold and their prices can recover slowly. And at this time when many country has been trying to recover their economic most crypto price is falling slowly and it happens until now. So, I don't think it is good to start again especially for investing purpose, you maybe good to choose become a trader again to gain money in short term pariod.

[CryptopreneurBrainboss]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

Do some research yourself and you'll get a perfect answer to your own question. No other asset, stock, bond, commodity etc were more profitable than Bitcoin this year and there aren't no chance of them outperforming bitcoin next year too. With in the strong period of the pandemic affecting all market, Bitcoin was one of the most affected but out of all this odds, its recovery rate still outperformed every other market.

During the hit, bitcoin went all the way down to around $3k+ trading price but currently it's trading at $11.5k. A price even more than its previous trading price before the pandemic. There are some prediction of another global meltdown coming anytime soon meaning if you're so anxious of investing in bitcoin at the moment, you should put at the back of your mind that you'll be investing for long term as the short term progress of bitcoin is veey uncertain at the  moment. But overall, bitcoin is still far preferably when Investing comes into the picture.

[Crptomagma]

Although you didn’t specifically mention the business in question but my humble advice for you still remain that bitcoin is a great idea for investment and the indisputable fact is that the prize of bitcoin will continue to rise and fall. It’s clear to all about the changes in bitcoin during these Covid19, changes could be on a positive or negative side but when saving bitcoin for the future you should be patient enough and wait so it’s appreciate the more.

[davis196]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

Dude,are you using Google Translate?
1.Income doesn't mean profit.I guess you mean that you get a lot of profit from your business.
2.COVID didn't "came today".COVID came on January 2020 in China.
3.You can't "invest your business" in Bitcoin.You invest money in Bitcoin.
Yeah,Bitcoin is still good,if you want to just buy and HODL.I don't recommend you to start trading cryptocurrencies again.

[proTECH77]

Bitcoin is still trying in the place of Investment which many crypto investors are quitting to join bitcoin because BTC carry potential of good profit. When the covid-19 came and Disturbed so many business but bitcoin still stand well in the price of market that make so many investors to have interest on bitcoin.
I think investing with bitcoin is a good decision for every business man because bitcoin carry potential of a good reward.

[lovesmayfamilis]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto. 

A year ago you were active in bounty and airdrops. The same cannot be said about people who call themselves businessmen.

 Nevertheless, you are probably a successful trader, and you know better than we do that the most profitable asset was and remains bitcoin. It is he who is an asset that more and more people trust.

Today there is a second wave of COVID-19. Many people are again forced to leave to work remotely. As a result, crypto exchanges have more clients. Against the background of self-isolation, interest in cryptocurrencies is growing very much, thus you make the right choice, again returning to the topic of cryptocurrencies. Today Bitcoin plays the role of an insurance asset that can provide effective support during a pandemic.

[piebeyb]

you are a little less detailed explanation. What you mean is that you want to invest your business using bitcoin payments or want to invest the money from your business for bitcoin, but whatever it is bitcoin can be an alternative to use during this pandemic

[maydna]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto.  But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here.  what if i invest my business in bitcoin? is bitcoin still good?

Yes, bitcoin still a good investment in crypto, and you can do that again as before. But you should read more information and search for the other news because the bitcoin movements now will be different than in the last few years. The price now is at $11k, and it still up and down, which can confuse you to determine the right time to buy and hold bitcoin. But if you decide to trade, you also need to learn more about trading, especially if you don't have enough trading skills.

The crypto market situations are different because the crypto market now has a new player called the DeFi project. So you need to learn more about DeFi if you want to invest. But I suggest you invest in bitcoin as your main investment while investing in the altcoin or DeFi as the secondary investment.

[BuNga_cute]

Not only you thinking of investing in Bitcoin after COVID19 coming, I am one of the people who closed all my business in the real world,
to be able to invest in Bitcoin. Since April 2020 all my businesses have been closed and I have chosen to focus on investing in Bitcoin.
And it turned out that my decision was right, I bought Bitcoin at the price of $ 6700 and now the price of Bitcoin is over $ 11,000.
It means that in just 6 months Bitcoin can go up by around $ 4000, I am very satisfied with Bitcoin's performance.

[leea-1334]

I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto. 

A year ago you were active in bounty and airdrops. The same cannot be said about people who call themselves businessmen.

 Nevertheless, you are probably a successful trader, and you know better than we do that the most profitable asset was and remains bitcoin. It is he who is an asset that more and more people trust.

Today there is a second wave of COVID-19. Many people are again forced to leave to work remotely. As a result, crypto exchanges have more clients. Against the background of self-isolation, interest in cryptocurrencies is growing very much, thus you make the right choice, again returning to the topic of cryptocurrencies. Today Bitcoin plays the role of an insurance asset that can provide effective support during a pandemic.

Busted;)

But to be fair,,, I think people with real jobs like me still can find the time to do bounties but for sure not to the extent that actual bounty hunters do. But you are right,,, real businessmen and people have even less time and spend it all on their own business. Now with Covid even more desperately.

[$crypto$]

Always think about the risks, don't be tempted by other people's profits unless you are ready to face this hurdle, investing in the long term is very good especially with bitcoin but the price is still erratic fluctuations maybe you will sell closer if the price goes up high?

Use the money you need to invest in bitcoin, your business is much better and can be used in the real world, it is a real job, therefore, don't leave your business now.