Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Covid 19
by
maydna
on 16/10/2020, 08:52:06 UTC
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?

Yes, bitcoin still a good investment in crypto, and you can do that again as before. But you should read more information and search for the other news because the bitcoin movements now will be different than in the last few years. The price now is at $11k, and it still up and down, which can confuse you to determine the right time to buy and hold bitcoin. But if you decide to trade, you also need to learn more about trading, especially if you don't have enough trading skills.

The crypto market situations are different because the crypto market now has a new player called the DeFi project. So you need to learn more about DeFi if you want to invest. But I suggest you invest in bitcoin as your main investment while investing in the altcoin or DeFi as the secondary investment.