Is bitcoin a good investment in this pendamic situation?

[farhanabd88]

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.

[ropyu1978]

invest in bitcoin, not only during the pandemic, but bitcoin was very well done before the pandemic, because bitcoin has provided real evidence, not mere fictitious, especially when the world economic pandemic weakens, almost all companies lay off workers, unemployment is everywhere, by itself investing in bitcoin, a very good goal, because it can make our finances recover, and can help our families by investing in bitcoin..

[ChiBitCTy]

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.

This is a topic that has been discussed at nausea.  I first want to point out that saying "bitcoin is more profitable and secure investment"  ..more profitable and secure than what exactly?  Saying that bitcoin is more profitable and secure is not a matter of fact, but an opinion.  I don't disagree that it can be very profitable, but there are other investments that likely have a higher upside.  When it comes to "secure", I am not sure exactly what you mean by this.  Bitcoin is a very volatile and risky asset/investment, and should be treated as such when "investing".

I did a write up here that I think anyone who want's professional advice on when it's appropriate to invest in bitcoin should read- https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

Note: most replies here are going to be nonsense.  Listen to people whom actually are licensed to give this kind of info.

[RapTarX]

We already have seen how the gold has performed since the start of the pandemic and how bitcoin has performed. Bitcoin has always been a proven better investment for long time although I guess we will see $20k first before we see an ATH.

[fiulpro]

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.

If it had been a bad investment the price of Bitcoins would not have increased to such an extent during the pandemic. It did hit an all time high !! There are companies, investors waiting for the perfect opportunity to jump in anytime. Seeing the COVID situation which is not getting better and the government is continuously taking loans and at the same time printing excessive money, the whole system is yet to collapse. So people are now preparing for the worst. Keeping their investments in cryptocurrencies assures them that they could make some profits. Maybe not right away but if you did hold on for a considerable amount of time, it will all go well. It is all about patience and strategy.
Stocks, property, everything is not doing so well in my country, even if it's a perfect opportunity to buy them , still the profit margin would be low and you would have to wait for a longer amount of time. Therefore for me if I did have money to invest somewhere, I would have definately done it in *bitcoins*.

[suzanne5223]

First of all, Bitcoin has proven to be a good investment in every situation which I see was also the main reason why the institutional investors join Bitcoin investment cause if it something that wont be profitable to them they won't have to join in the first place.
In spite of all the potential and benefits of Bitcoin investment is still a risk involving investment but can still be used positively if have the required knowledge in crypto.

[MinoRaiola]

At the start of the pandemic the price was under $ 4,000. The price today is clear to everyone, and an x15 was possible with Bitcoin during the pandemic and you are still in good shape today after the strong drop. The pandemic may stay a little longer and the currency crisis is approaching. I think bitcoin is an asset that you should own to secure your wealth.

[cr1776]

invest in bitcoin, not only during the pandemic, but bitcoin was very well done before the pandemic, because bitcoin has provided real evidence, not mere fictitious, especially when the world economic pandemic weakens, almost all companies lay off workers, unemployment is everywhere, by itself investing in bitcoin, a very good goal, because it can make our finances recover, and can help our families by investing in bitcoin..

Exactly.  Any time in the last 11.5 years has been a good time to invest or mine in bitcoin and come out ahead.  Except perhaps for the last few months compared to now, but the same was true at the end of 2017.  And it was the same in 2013 and 2015 etc.

[capcaypro]

topic that keeps repeating itself, I've come across several topics that are almost the same as this.
Have you never read and seen this topic so that you thought about creating a topic with almost the same discussion.
and just for emphasis it seems that you only cover about investing in a pandemic but actually not bitcoin is a very good investment place and that before the pandemic was also very good and this bitcoin has proven.
and now the pandemic is hitting the whole world and bitcoin is still a very good investment and many people are starting to know bitcoin because of the pandemic.
This is a huge achievement that probably won't be found in other coins and maybe for the current year only bitcoin can do this

[sunsilk]

Having the supply limit is a very important detail that the investors especially the new ones has to understand. Because it gives the demand higher as time goes by and with halving it also gives that vital speculation that it's price will increase more in the future.

invest in bitcoin, not only during the pandemic

A good reminder. Do not invest only during this pandemic but even if the pandemic ends, just make it a habit to keep on investing in bitcoin.

[btc_angela]

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.

Pandemic has been what? like over 1 year already and we have seen investors hedging their wealth not just to bitcoin but in any other financial and traditional market globally. And obviously we have seen the output already, we made a good run late last year until April when we reach a new all time high. Although the price has faltered already, but still bitcoin give x% returns for many years for holding. So regardless of the pandemic or government printing, I think everyone should learn to invest their money and continue it to grow in bitcoin or in stocks or other assets.

[pooya87]

Such a pointless topic with a weird notion.
For starters bitcoin has been rising for about 12 years and it has always been a "good investment" and it still hasn't even started the mass adoption which means it is still a "good investment" because of the massive potential it has.
As for the pandemic, it has nothing to do with bitcoin so you shouldn't even bring them in one sentence. Also the pandemic didn't start yesterday that you suddenly remember it now, it has been going on for nearly 2 years now and during this time price has gone from $3k to $35k which is about 11x rise. So your title is moot!

[Reatim]

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.

The pandemic is almost Over why in the world that you have just asked this now? if you made this curiosity in 2020 best thing that you already earned tons of money last march to may this year.
but asking if this is a good investment for the pandemic ? nope because this is the best investment all time long.
Lucky that i vested my last fund recently when the price drops down to 28,000 hoping that the bull will come before the 3rd quarter ends.

[janggernaut]

Your thread is late for almost 2 year, OP. We have entered such market crash back then on March 2020 when btc was only worth $3000. Since then btc has increased more than 10-20x when it reached $64,000.  Now we are still stable around $35k which still 10x higher than that price.

[Sheikh9146]

As now bitcoin in dip. My advise is wait some more dip like 28k or 25k.
Is it possible that after btc going to 25k will it be 100k$ per btc?
My answer : yes. If you bought already in dip. Then you need to hold btc. Btc is a king of crypto.  At this moment, many big company buying btc in every dip. They know that in future btc can give them huge profit. 🔥🤑🤑

[mrjoy15]

I'm referring BTC is a good investment, situation not a fact actually. There lots of billionaires and companies are investing in bitcoin more than before. They know that BTC has the future, so we have heard more more news regarding BTC investment. Though, It's still showing lots of weakness, I think its going to dip a little more. But, All we know if BTC perform its up to mark what will happen.

[Wexnident]

If your money was just sitting around in your bank then why not. But if you have something better to spend it on, or you're generally just unable to spend money right now due to the current situation, then it's better for you not to actually spend money on investing. I mean, that is the purpose of investment, after all, to grow more money while not being used. It's still a different issue, however, to actually know when to invest, when to set up stop-loss, what strategies to use, etc. There's also the issue of what your plan actually is for the future, whether you need money in the short term or long term, the answers there really, you just have to arrange the reasons why you should take it.

[Lorence.xD]

I think that it is a good investment, you might want to get in before the prices starts to go back up again, remember that with this pandemic, a lot of people are finding ways to make money online and bitcoin being one of the many ways to make money online, a lot of people are going to try it this pandemic and if their experience are good then they will probably spread the word and continue with it even after pandemic which means that there will be more people that are adopting bitcoin and the prices are going to go up.

[LogitechMouse]

I will base my answer base on what I've seen last year where the pandemic started.

If you will see the movement of Bitcoin last year, it went up massively even though we are in a pandemic. Governments are printing money nonstop causing the value of their money to go down. Businessmen, rich investors and even average investors sees crypto as a hedge fund because if they stay on cash, their buying power will go down because of inflation.

Now to answer your question, as long as you have spare money to invest with anytime is a good time to invest into Bitcoin. Pandemic?? it doesn't matter and we've seen it last year that the pandemic didn't stop Bitcoin to go up. I'm just lucky that I bought some Bitcoin last year and had some profits until now.

[ipanks]

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.

If people out there who do not know about bitcoin can start investing in bitcoin in this pandemic, they will not regret it and even they will grateful that they have a new investment that can help them still make money. But it is not easy to introduce bitcoin to them as many still prefer to invest traditionally and it seems they are hard to accept a new thing.

But we as crypto users know that we can not let this chance leave us because we already know that cryptocurrency can help us survive in this pandemic and make money.