Is bitcoin a good investment in this pendamic situation?

[carlfebz2]

The pandemic period seems to be the right time to invest in crypto assets. While stocks and global markets are experiencing a slowdown due to COVID-19, cryptocurrencies are experiencing a significant price spike. Bitcoin price soared. The rise in the price of bitcoin this time is very fast. Even the price of Bitcoin has reached $64k. I am sure that number will continue to increase.

Right. Bitcoin has proven its position is not shaken by the global crisis when the pandemic occurs, in fact the price has actually increased. Although the increase in bitcoin occurs gradually and there will be times when the market will be saturated and investors are profit taking. However, this will not last long and the price of bitcoin will rise again.

Not really that much correlated because bitcoin cant really be affected anytime by those external events that do happen even it do really connects with economy.We might have seen some movements back in the past

but doesnt precisely connects with that pandemic situation and asking out of its a good investment then its your call but dont expect too much from it because everything cant really be predicted which means

profits is always an unsure thing to happen and if you do rely on it then it would really be that risky.So make this as a side income instead.

[Mkmanik]

Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

Not only in the pandamic situation, Bitcoin is the best investment in all of situation. But you have to hold Bitcoin for the long period to get a good profit from it. For the long term investment Bitcoin is a safest investment. The supply is limited but the population is increasing day by day. so its making demand of Bitcoin.
In the pendamic situaion Bitcoin price also show us some good strength. Instead of dump its increasing slowly but surely. I am slowly investing my profit into Bitcoin regulary, maybe its a small amount but in the future it will be  worth of it.

[STT]

The whole idea of keeping a distance, being online & remote transactions surely does fit into BTC meta but I dont know the pandemic would even help normally because its a deflationary event leading to lower amounts of business in the economy occurring.   Deflation normally favors the hardest forms of money and speculative assets would retract in value during this time such as something cutting edge and new like Bitcoin.
   However this particular modern age mass economy event was met with massive monetary base expansion, the dilution and creation of new dollars means a very easy policy from the central bank which does help all kinds of speculative activity and I think this is why BTC rose especially so fast in the last year as an effect.

[Chato1977]

Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

actually less investment happens in the past months instead Bitcoin has been used to what this tend to be and that is a currency that used intransaction specially those who are sending funds all over the world.
now even some countries are considering accepting bitcoin because of this process.
But indeed that bitcoin is a best investment in this pandemic as thee are no need in physical communication and transacting .

[BobK71]

The COVID-19 pandemic has impacted financial markets all over the world,, the world faces a problem of an unusual nature. The virus outbreak in Asia was first regarded as a looming, but distant threat, yet now leads to the collapse of many companies and economies. Even more, it threatens disruptions in supply chains at international levels that have been forged by the blood, sweat, tears, global wars, technological advancement, international competition, co-operation and global progress made over many decades. Bitcoin may still be at an early stage of its lifecycle, and its price is unknown in the future, but it has been the most exciting and promising currency development since the development of fiat currency, and has ignited the imagination not only of billionaires, but the general public eager for an alternative to fiat currencies and precious metals. After all only crypto currency market is getting more power when pandemic destroy many financial institutions. So i believe it is the positive platform for all the investor.

[retreat]

For me bitcoin is the best investment not only during a pandemic but for a very long time bitcoin is the best investment ever.
bitcoin has been around for more than 10 years and has a very high ROI almost every year.

many people say that gold is the best investment but in fact, in the last 10 years, only bitcoin can penetrate tens of thousands of %. bitcoin is the best investment whenever it is.

The crypto market is always in the best position to invest in bitcoin the market for bitcoin has been around for so long as long as bitcoin has a position in the crypto market, no epidemic can do any harm. Whatever the economic situation of the country bitcoin will maintain its position. The crypto market is becoming more popular as the number of investments increases basically bitcoin shows its game every 2/3 years.

That's right, the political condition of a country and the current pandemic will not drastically affect the bitcoin price. bitcoin is a pure decentralized coin.

[mr500]

Invest in Bitcoin is profitable disition for all time I mean in pandemic and after post pandemic situation because Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which it has already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment . Eventually we are going to cashless economy world so today or tomorrow everyone adopt it .

[Rimueng]

Of course, bitcoin is a good and profitable investment both before the pandemic and during the pandemic. The pandemic period which incidentally made income decline, even made people flock to try to invest in cryptocurrencies. Crypto investment in the midst of a pandemic was chosen because it saw investment opportunities in other sectors so sluggish. Crypto was chosen because it has proven to be a safe haven asset and is more liquid.

[Rana590]

Of course, bitcoin is a good and profitable investment both before the pandemic and during the pandemic. The pandemic period which incidentally made income decline, even made people flock to try to invest in cryptocurrencies. Crypto investment in the midst of a pandemic was chosen because it saw investment opportunities in other sectors so sluggish. Crypto was chosen because it has proven to be a safe haven asset and is more liquid.

It's really true that investment on Bitcoin is always profitable and good choice. If anyone believe in Bitcoin, he/she can be profitable from this investment. Sometimes, it needs more times but patience is highly recommend here. Gradually investment on Bitcoin is really great decision.

[TheEconomists]

I wonder what the OP meant by secure investment in a coins that one can lose 50 percent of your investment within a day or weeks is you are not a patient type you will end up selling at lost. Although, I must confess that Bitcoin and crypto currency in general is actually a good investment where you can make good profit from your investment within a shot period of time not minding whether is the of pandemic or not.

[sunsilk]

Crypto was chosen because it has proven to be a safe haven asset and is more liquid.

Do not generalize this.

Crypto is the whole thing in the market and newbies might buy anything in the market that they see because somebody has said that they are safe haven.

Not all cryptos are safe havens, bitcoin is a safe haven and that's why we have to be specific on it.

[StreakW]

Uncertainty about the end of the COVID-19 pandemic has raised public awareness of the importance of investing in assets that have an edge on the hedging side, which has also increased investor enthusiasm for Bitcoin. Bitcoin is the most suitable crypto for investment and for holding because it has proven credibility. The price of Bitcoin will also increase, influenced by the increasing demand for Bitcoin compared to its limited supply.

[Tumanggor]

for me investing in bitcoin in this pandemic situation is very good

Crypto was chosen because it has proven to be a safe haven asset and is more liquid.

Do not generalize this.

Crypto is the whole thing in the market and newbies might buy anything in the market that they see because somebody has said that they are safe haven.

Not all cryptos are safe havens, bitcoin is a safe haven and that's why we have to be specific on it.

from all the cryptocurrencies circulating in the market, I only believe that bitcoin is 100% safe
I've never seen someone scammed but often hear of other altcoins scams, rug-pull or the value drops to zero

remember, keep investing your funds wisely, do your own research, and don't be greedy during this pandemic

[dimonstration]

Uncertainty about the end of the COVID-19 pandemic has raised public awareness of the importance of investing in assets that have an edge on the hedging side, which has also increased investor enthusiasm for Bitcoin. Bitcoin is the most suitable crypto for investment and for holding because it has proven credibility. The price of Bitcoin will also increase, influenced by the increasing demand for Bitcoin compared to its limited supply.

We already see how bitcoin price pump during pandemic last year wherein more investors even institutional investors shift in bitcoin during the time the market is in bad condition where the economy and stocks of every country is falling,the only investment keep going is in crypto as it is not much affected on what’s happening in the economy or situations of daily living of it’s user. Some tend to hold their money in bitcoin as the price will not affected if ever pandemic takes longer just like how big companies did to safeguard their investment that drops in stocks as they see crypto weren’t affected much.

[OrangeII]

Crypto was chosen because it has proven to be a safe haven asset and is more liquid.

Do not generalize this.

Crypto is the whole thing in the market and newbies might buy anything in the market that they see because somebody has said that they are safe haven.

Not all cryptos are safe havens, bitcoin is a safe haven and that's why we have to be specific on it.

Right. sometimes, when looking at bitcoin, many people assume that all cryptos have the same potential. because of this, many newbies invest without finding out the information first. even more so if they think that they are investing late and need to invest quickly in the crypto they are looking at.

in bitcoin, pandemic or not, it would still be a very good investment. we can see the price increase rapidly before the pandemic, and then reach a new ATH during the pandemic. it proves that bitcoin is a worthy investment in any situation.

[STT]

Across an entire economy the effect of a delationary event such as a pandemic would not favor speculative assets, not just Bitcoin but anything without a natural yield will suffer. BTC does well so long as it grows in interest and usage, which it is doing year to year but during this last 2 period I would not have expected such as great rise without the extraordinary large increase in monetary supply.  I think thats amplified demand for BTC in an inverse way as dollar has no doubt become weaker value.