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.
At what rate did you invest your money in Bitcoin? I can remember that the price of Bitcoin reached max $13,000 before it dropped due to the pandemic. And right now the price is on its way up and currently sits $11,000. If you invested anywhere below that, you might have covered up for your losses by now, though that’s if you’re actually holding your funds till now.
As for the pandemic, it doesn’t favor everything, so many markets were brought down by the pandemic and Bitcoin and the cryptocurrency market in general were one of the markets that were on the red during the pandemic. I lost a bit during the start of the pandemic, but I didn’t sell, I had to wait till the price dropped and I invested again another money. I thought the price would drop to $2000 or below that, but when it started going back up after dropping to $3k plus, I had to invest.