Bitcoin and Covid 19

[mangsitin]

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?

[1715695854]

1715695854

[NotATether]

What kind of business is it? Brick-and-mortar, or online? Are you running an investment business?

If it's an online business, the easiest way to put bitcoin in your business is to use one of the third party payment gateways and configure your web shop to accept bitcoin payments. In my opinion, covid-19's making all the markets unstable, especially the US dollar market since that's where the epicenter of the virus seems to be now. But at least bitcoin (and fiat credit cards and PayPal) will be less affected by inconveniences that covid brings us than cash payments.

If it's a physical store or your business evolves around gaining contracts from other companies, it will be a lot harder to get paid in bitcoin for those because of low user adoption (in the first case), and company policy (second case).

But if your other business is primarily about investment then as long as you have a good idea of how bitcoin trades, there should be no problem investing (in the proper sense of the word) in bitcoin.

[Wexnident]

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.

[batang_bitcoin]

What's your business? you said that you're making a lot from that and when the covid hit, you came here because your business is not doing good. So what's with that investment from your business? You said that you're in those ways of earning crypto and you're asking about bitcoin if it's still good. I think you have the idea as a bounty hunter and trader that bitcoin has always been the best choice and option for investing in cryptocurrencies.

[crwth]

Please explain a lot of background into how you could invest your business in bitcoin? Do you mean invest All of your resources into bitcoin? Or start accepting bitcoin within your business and be part of the adoption of cryptocurrencies?

Did your business been affected so much by the pandemic that you ultimately resorted to changing your business? Or are you also wanting to add an additional stream of income for you?

If you provide incomplete information on how you will sort it, it would be hard to brainstorm ideas to help you.

[so98nn]

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?

Invest my business means he surely means to invest all his earnings from the real business into the crypto currency. However, seriously you shouldn't be doing this action at this situation. First, you are coming back to crypto means probably you are going out of business in real world. Second, you are coming back means you gonna put hard earn money here. But people needs to wait for long time before they can get good amount of money out of it.

So it's your duty to handle this business neatly. You are jumping into world of risks. Don't overthink due to Covid19. Outer world will surely recover from disaster, give it some time

[vania vin]

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 still very good at investing and bitcoin is rumored at the end of the year, there is a possibility that the price will increase, but it depends on your belief, you have capital, I suggest that your investment in bitcoin can be profitable and you have to be patient to get that profit.

[Lorence.xD]

They all say that you can invest in long term or short term, do some trading if you can. I can agree with some that says that they should integrate your business into blockchain. They all ring some value but for me, you should reserve some money for your business when the time comes that you need to re-open your business because you might lose some when you are going to venture in cryptocurrency.

[blckhawk]

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 investment still is the best and forever will be for me at least. I suppose you have seen the market, witnessed the plunge happened way back before and now that is recovering. I hope that this would be enough reason to convince you that you can entrust your investment on Bitcoin or in other cryptocurrencies. It is risky indeed due to the high volatility rate but if you can afford to wait because it for some reason Bitcoin is good at long-term investment, I can guarantee this will get you a decent profit.

[Artemis3]

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 not expect to make money by just "investing" in bitcoin, instead bitcoin is a means to preserve wealth. It is the best way to keep your savings in case of yet another economic collapse.

For preserving your wealth, in the long run, yes bitcoin is still good. To earn an income without working, sorry but those days are long gone.

If you do your business using bitcoin rather than fiat, you'll be able to understand the reason of bitcoin, especially when the next crisis hits and everyone around you becomes poorer after some idiotic politician decides to, yet again, ruin everyone's (fiat) money.

[Assface16678]

Well, investment with bitcoin is a good idea but you know that the market of the bitcoin is volatile.

It depends on your business too if does it fit with the bitcoin.

I think if your business is related to the world of technology and does apply for online payment and cashless transaction I think this is suitable too because during this pandemic the people don't want to make contact with other people instead they just want to make all of the transactions more cashless to prevent interaction.


Because of this covid, some of the people are having problems regards with the money I think one of the best things you should do too is to save your money.

[LUCKMCFLY]

~snip~

Bitcoin will always be the best investment, if you have an investor culture you must understand that the money you put in bitcoin you must wait as long as necessary until you can obtain benefits.

The Bitcoin market is not like the Stock Market market, since the Stock Market its important movements usually occur every 8 or 10 years, the Bitcoin market its volatility gives it another scenario, but basically the financial and investment theories work in the Bitcoin market, they are fully applicable, in fact it is a great time for Bitcoin investment, December is approaching and generally the Bitcoin market increases for these times resulting in an excellent price increase, of course

[Tamim121]

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?

Till now Bitcoin is a good coin. You can invest your money here for making profit from it. But not investing all of your money. You can invest here a percentage of your money. But you need to hold for long time. If you want to earn money monthly then investing on Bitcoin is not for you. Make decision after thinking different ways. Gather knowledge about more crypto coin and invest.

[seoincorporation]

First of all, welcome back to the business... As you can see bitcoin had a small bump in the past days but is a good time to buy... You will see soon bitcoin at $12,000 and ETH at $400, i see it coming, so, ride the right waves and make money on each step.

I have seen a big increment in the activity since Covid, so, you came to the party just in time, good uck.

[Yatsan]

It has already been months since the covid-19 pandemic have started and it seems that you are having a late realization or it is just that your business is now just affected by the effect of it when everything seems to be already doing good in a sense that strict health protocols are still being implemented but not it was already exaggerating for the rate of inflation of the people getting the virus is now taking under control and the businesses and economies are now slowly opening again and processing into the recovery stage. Bitcoin has always been a good investment since then and you do know that because you can right here the first time it was booming and just stopped for a while and back again to do investment and trading with Bitcoin for your business. It is still the same thing that is worthy for your time and money and it is good now that you came back.

[AnonBitCoiner]

Bitcoin will be good for all the time,since the cryptocurrency exit in market.Crypto currency was a asset for now,many business man and money holders converting their money to the bitcoin.So you can blindly invest in bitcoin from my knowledge.Now the price of bitcoin was started to increase,so you back to market at the right time.

[CarnagexD]

I've been seeing a lot of people getting back here in the forum, with cryptocurrencies in general due to the pandemic some said they don't have any thing to do and so they checking things here lately, and yeah surprisingly they are investing on it again, perfectly coincides with lively DeFi projects these days. But the question is will it still be worthy to invest on bitcoin, my personal opinion is that there is no too late investment with bitcoin BUT being early gives you a lot.

[Dsdaq]

Investing in anything is to take risk, but for Bitcoin it is the safest investment at the moment because many institutions have seen the potential of Bitcoin for a long time, especially in controlling the spread of the virus which mean cashless transactions this one of the core purpose of Bitcoin. Secondly during the pandemic most of our trading asset tend to be valueless because most people won't use it in fear of the virus.

[AakZaki]

Good or bad bitcoin depends on when you enter and when you leave, because bitcoin prices are very volatile so it has a very high risk. If you really want to invest in crypto, use half your money to invest. You can have to do day trading or you can make long term investments. In my opinion, long term investment in bitcoin is still good and still worth it.

[electronicash]

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.