Bitcoin and Covid 19

[Kong Hey Pakboy]

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?

From my perspective, bitcoin can still help investors like you earn a considerable profit because even we are in the middle of the pandemic, bitcoin still shows stability and growth that it doesn't get affected by the economic downfall. Many people also say that bitcoin will continue to increase its price, and it will pass $12,000 before the end of the year, so it's still good to hold our bitcoins in the long term.

[Gotumoot]

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?

Why not continue your business online just like an upgrade instead of selling offline you would have it online and have plenty of customers and try to accept Bitcoin as payment?
It would be crypto and business for you I know some business has been hard ever since Covid-19 pandemic arrive but we could always try to pursue it and maybe it could still be profitable.

[traderethereum]

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?

From my perspective, bitcoin can still help investors like you earn a considerable profit because even we are in the middle of the pandemic, bitcoin still shows stability and growth that it doesn't get affected by the economic downfall. Many people also say that bitcoin will continue to increase its price, and it will pass $12,000 before the end of the year, so it's still good to hold our bitcoins in the long term.

That is right.
The investor can still profit from bitcoin, but the investor should believe that bitcoin will do the best for them in the long term.
No matter if bitcoin is down, the price will increase again, and it will increase in the long term.
Maybe they need to wait by hold their bitcoin for some period, but the result will be perfect for the investor because they will make a lot of money in the future.
But unfortunately, many people still doubt with bitcoin, and they say that bitcoin can not increase high.
We will get the same as the investor if we can hold bitcoin and not sell the bitcoin if the price does not jump to the higher price.

I would suggest to @OP to continue to invest in bitcoin and hold it.
Don't panic if the price is down because he will get another opportunity to buy back Bitcoin at a lower price.

[masphie]

Yes of course, because i am sure this year bitcoin prepare to make foundation to get more value in the 2021.

[kentrolla]

I really appreciate your thinking but request you to have partial investment rather than investing the entire savings Unless you are aware of the risk , and the fact that this could all crash down tomorrow I am not saying that it will but anything is possible because of its volatility.

Unless you are aware of the risk always plan for long-term study hard, make your own decisions invest only on what you can afford.

[MainIbem]

You are welcome back.

This forum has not changed. It is still a place where you can make a decent income from doing some professional jobs as you have enumerated. Bitcoin also has not changed. People here who are trading in Bitcoin are making profit still. So there is no cause to fear.

[kawetsriyanto]

Covid has given many impacts to the people, losing jobs, and also decreasing the income in many companies. I personally feel quite relieved because I am still here in the crypto world so that I can still have income from this, doing trading is also a good way.
However, are you sure want to invest in BTC? Are you sure you are ready for all risks that you may get?
If you are ready, yes, you can do it, BTC is still legit, but still the same, very volatile. And you must also decide on what kind of investment is it.

[Inkdatar]

When you said you are doing good in your business, imo continue doing it. A lot of people are affected by this covid19. When investing in bitcoin it is high risk so just invest in the amount that you can afford to lose. Know every details in bitcoin since the price is volatile and understand it's flow in the market, though it is still good to have profit in btc.

[tanjiran]

Many people suddenly come and want to get involved with crypto in various ways such as trading, investing, etc. during a pandemic. I experienced it, many friends who suddenly wanted to learn about crypto with me because the difficulty of earning income in the real world is getting harder and the decline is very large. I also said that these difficulties also have an impact on crypto, and I also say that the risk is great because the prices are very volatile. I don't want these beginners who come because they want instant profit to be a loss because of their carelessness.
Bitcoin is very potential, I can still get side income from trading and farming. So, trying to get a profit during a pandemic with bitcoin is good as long as you want to learn and can accept all the risks.

[BAGOBO]

In my opinion, you should not put all your investment money into crypto because crypto has no real form and there is no guarantee of security. My advice is to divide your investment money, some in crypto like Bitcoin and Eth, and some in precious metals like gold and silver because gold and silver have a real form and are the most stable currencies in the world.

[lienfaye]

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?

What do you mean invest your business in bitcoin? What kind of business is it?

Well due to pandemic some people turn to opportunity online to make profit and one of that is crypto. However there's no easy money here but since you already have experience and aware of how to earn in crypto then you understand the flow.

We can still earn but there's a process depending on how you plan to make money in crypto as an investor, trader, bounty hunter or one of those offering their skills.

[azmirihaque]

Welcome to the crypto world. You have taken a very good decision. You should know that when CVID-19 spreaded all over the world, my business was stopped and I was hopeless. Then I decided to to invest on crypto market. Now I am a successful trader and investor. I have got a new source of making income. Actually investment on Bitcoin is very much profitable. You know that thousands of people all over the world are entering into the bitcoin market every day. As a result Bitcoin market is expanding day by day. So, it has become a profitable investment sector in the present world.

[Shasha80]

In the current situation of COVID-19, it is not easy to make money, many businesses have gone bankrupt.
And there are also many people who have lost their jobs, therefore investing in Bitcoin can be a solution.
If you look at the performance of Bitcoin as the best digital asset for this year, it's a good decision to invest
in Bitcoin. I myself have proven that by investing in Bitcoin, I can make a profit that I use to buy daily necessities.

[Srvillain]

Welcome to the world of cryptocurrency partners. Yes, very good at investing, Bitcoin is always as good as investing. But if you use it as a means of payment, I hate it no matter how much it still has problems with speed and tx fees so why isn't that true? You know it bloated for the first time here and just stopped again for a while to invest and trade with Bitcoin for your business.Currently, all cryptocurrencies in the world have depreciated due to covit-19. The virus has also affected cryptocurrency prices, you can see the price history chart of all cryptocurrencies in Bitcoin just before 2020, and this has also happened in the case of all price-based investments like the strip. You think and act with all your intelligence

[Lycan70]

You said your business is booming before covid19 right? I can't believe that you forgot Bitcoin when your income is doing well. If you save some of your money buying some btc when the price goes down to $3k you could've save yourself from this scenario. If you can hodl Bitcoin for a while it is a good investment. Goodluck with hunting profitable crypto investment that gives immediate returns.

[maydna]

In the current situation of COVID-19, it is not easy to make money, many businesses have gone bankrupt.
And there are also many people who have lost their jobs, therefore investing in Bitcoin can be a solution.
If you look at the performance of Bitcoin as the best digital asset for this year, it's a good decision to invest
in Bitcoin. I myself have proven that by investing in Bitcoin, I can make a profit that I use to buy daily necessities.

It is right, and you already made a great choice to invest in bitcoin. If people out there can realize this and follow what we did, I am sure they will feel the same as what we felt. They will have a new investment while they can still search for a job in the real-life, and at the right time, they can cash out their bitcoin investment, which means they will get additional income for their lives.

If those people can dig deeper into bitcoin's potential, they will found out that bitcoin is not just for the investment, but bitcoin can give them another way to make money by trading. But they need to have skills or knowledge about bitcoin before they trade, so they will have the opportunity to make money. I am sure sooner or later, the Covid-19 will end, and we will back to the normal life as before, but until that time, we need to survive for our lives.

[GDragon]

In the current situation of COVID-19, it is not easy to make money, many businesses have gone bankrupt.
And there are also many people who have lost their jobs, therefore investing in Bitcoin can be a solution.
If you look at the performance of Bitcoin as the best digital asset for this year, it's a good decision to invest
in Bitcoin. I myself have proven that by investing in Bitcoin, I can make a profit that I use to buy daily necessities.

It is right, and you already made a great choice to invest in bitcoin. If people out there can realize this and follow what we did, I am sure they will feel the same as what we felt. They will have a new investment while they can still search for a job in the real-life, and at the right time, they can cash out their bitcoin investment, which means they will get additional income for their lives.

If those people can dig deeper into bitcoin's potential, they will found out that bitcoin is not just for the investment, but bitcoin can give them another way to make money by trading. But they need to have skills or knowledge about bitcoin before they trade, so they will have the opportunity to make money. I am sure sooner or later, the Covid-19 will end, and we will back to the normal life as before, but until that time, we need to survive for our lives.

You can't advice this to everyone, specially to newbies who haven't heard of bitcoin before. I personally believe that even though I'm into bitcoin, it is not appropriate to encourage my friends who lost their job to get in here during the pandemic. They need a stable job during these times, and it's dangerous to promise them earnings here. I would gladly help them if the money they would use isn't needed by next week or by next few months. Cause when they needed the money as soon as possible, then they will lose instead of gaining from it.

[proTECH77]

Bitcoin always carry this potential of progress in anywhere, and any kind of business you think of. Covid-19 collapsed so many organization even till now they find it difficult to raise again as usual. Many people found it difficult to feed their family because of what corona virus has caused in their businesses and other activities. But bitcoin is still standing well in the areas of market, steady and stable in price that is making many people wondering which kind of coin is this.
I think bitcoin is still more better than other businesses that is not too stable this time around in the market.

[AniviaBtc]

Every businesses related to cryptocurrency is risky especially that most of the coins are volatile in the market.

You need to trust on bitcoin, you need courage in order to put your bitcoin asset into your businesses because it can hardly affect the way on how you run your business.

This pandemic is the best time to hold digital currencies such as bitcoin because in that investment, you are just confident and calm that bitcoin will give you profit while you are also running your business. I think the combination or if you put bitcoin into your business no matter what kind of business you are doing, it will somehow bring a huge impact to it.

[Genemind]

I think it depends on what kind of business do you own because some businesses went dead when the pandemic started. If you are not doing badly in your business, there is no need to put your funds at risk in crypto. Income in crypto is not stable and it could go sideways due to the market risk. It depends also on your knowledge about crypto if you can maximize your captial and use it to grown if you invest in crypto.