Post
Topic
Board Economics
Re: Pandemic: good for the bitcoin market or bad?
by
Assface16678
on 19/10/2020, 16:12:24 UTC
Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.
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.
Where will people get money to invest? Given the circumstances of this pandemic, many people are having financial problems. So I doubt that is something that will oush them to invest in Bitcoin, having no assurance of when will the price increase occur, and given how volatile the market is. People are more into things that would help them in their daily living.

The pandemic is bad for the economies of different countries but not that bad in this market. The market price of cryptos are not dramatically falling and not that much moving in the positive direction, so it is quite neutral in that aspect. But there's also this side of me that is disapointed because there is again high hopes early this year for this market. But since expectations are just expectations, i just keep this thought aside since no one knows if the market will be able to reach or even surpass its ATH if this pandemic doesnot occur. How can I say? Last year is a proof. No pandemic but also, there's no that much of an increase.