Post
Topic
Board Economics
Re: Pandemic: good for the bitcoin market or bad?
by
coolcoinz
on 18/10/2020, 20:51:19 UTC
I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

What are they going to invest if they lost their jobs? People who have less money are less eager to invest because investment is a risk. When you have a lot of money or at least a steady source of income you can take a loss, you are not afraid to gamble a bit.
Since the current sutuation is bad for the stock market and stocks influence BTC, I say it's also bad for us. I'd like to see some good counterarguments.