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.
Generally, you would want to check the prices of stocks before you delve in the cryptocurrency world. As what I observed, several blue-chip stocks decreased on its price due to the pandemic. Many investors considered it as a golden opportunity to purchase these stocks and take advantage of its low price.
As for bitcoin, a month ago its price was at the $10,000-$11,000 range and currently, the price sits at $13,000~. The pandemic is actually good for the market in general and you would want to take advantage of it.