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.