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[NoLimits15]

Due to the coronavirus pandemic, the government of Venezuela decided to put the entire country under quarantine. Local banks and everything is completely shut down and people are forced to stay indoors. Meanwhile, bitcoin trading there began to increase after the lockdown. I think it's good to buy more bitcoins now as it's currently trading at $5000.

 

[microunit]

considering that the coronavirus is directly affecting the price of btc now would be a good time to buy, as when the time the virus is dealt the price of btc might slowly increase back to $10000 or even more

 

[KarthikP]

Yeah it's the best time to buy Bitcoin but still Bitcoin can go as low as $3000. Buy and hold the bitcoins till it reaches $10000 in value or more.

 

[berberguy]

Yeah it's the best time to buy Bitcoin but still Bitcoin can go as low as $3000. Buy and hold the bitcoins till it reaches $10000 in value or more.

I don't believe that is true
BTC price went down to 5000$ and now it is 5680 $ or something
So I think it's going up slowly !
And what do you think about rubles , it is going down , would you think it's a good idea to buy rubles now ?

 

[KarthikP]

I don't believe that is true
BTC price went down to 5000$ and now it is 5680 $ or something
So I think it's going up slowly !
And what do you think about rubles , it is going down , would you think it's a good idea to buy rubles now ?

I don't have much idea about Rubles but about Bitcoin , it's still the right time to buy Bitcoin at anything under $6k (present value) and sell it at $10k +

 

[notdarkyet]

I don't believe that is true
BTC price went down to 5000$ and now it is 5680 $ or something
So I think it's going up slowly !
And what do you think about rubles , it is going down , would you think it's a good idea to buy rubles now ?

Agree. It is going to go up slowly and reach 10k at some point
and there will be halving as well so we can see the highest all the time peak soon

 

[microunit]

Agree. It is going to go up slowly and reach 10k at some point
and there will be halving as well so we can see the highest all the time peak soon

the highest peak from the last halving was achieve in more than a year and the halving before that was around a year .. so we might expect the peak to be around 2 year or so considering the past btc statistics but it might change depending on various situations

 

[Brain]

Corovirus seems to have it's good side after all though not healthwise. Yes it seems the right time to buy and hold Bitcoin is now, double or triple profit can be made selling them in future.

 

[Fayiz]

I think it's good decision to buy Bitcoin at the moment hope price of Bitcoin rises gradually and reach morethan 10000$
I think Bitcoin will rises to old rate

 

[KarthikP]

I think it's good decision to buy Bitcoin at the moment hope price of Bitcoin rises gradually and reach morethan 10000$
I think Bitcoin will rises to old rate

Yeah you are right , the Bitcoin price may drastically increase after the halving in May. It would have even more better if you buy Bitcoin at <$5000.

 

[Daniel001]

The Bitcoin price is gradually increasing now, It might reach 10k in the nearest future. It seems like with the current Corona situation a lot of people are forced to opt for crypto as a means of payment.

 

[Bilalgul]

Idea of buying Bitcoin was absolutely right and it has paid off as you can see that today Bitcoin is being trading at $9,000

 

[microunit]

yep if you bought like moths ago for like let's say about 6000usd, you could have already a profit of 1.5x if you sell it now, though the price surge seems to continue and might reach 10000usd anytime soon

 

[microunit]

Corona Virus has affected all businesses in a very wrong way and so it did to bitcoin world. Prices of bitcoin has dropped and is causig loss to many investors and traders.

I would agree in the business side but I would not so agree with the bitcoin world , as bitcoin is still faring well and bitcoin even gain alot more attention during the pandemic

 

[KarthikP]

Corona Virus has affected all businesses in a very wrong way and so it did to bitcoin world. Prices of bitcoin has dropped and is causig loss to many investors and traders.

Price of Bitcoin actually has rised , it's not dropped. But yeah this pandemic has affected almost all businesses very badly , hope we get out of it soon.

 

[microunit]

Pandemic has been a good time for crypto currencies as it directed more and more people to learn about crypto world and do investments and tradings.

yeah I agree, though with it crypto scammers are also been really active as they have alot more victims to have as sure alot of people are now into crypto but they aren't that informed about crypto stuffs yet

 

[KarthikP]

Pandemic has been a good time for crypto currencies as it directed more and more people to learn about crypto world and do investments and tradings.

Yeah but it's same way bad time for other businesses except cryptocurrency. But it's true this period has increased the growth of crypto investors.

 

[Niftyicon]

yeah I agree, though with it crypto scammers are also been really active as they have alot more victims to have as sure alot of people are now into crypto but they aren't that informed about crypto stuffs yet

I would think that more people are sitting up and taking safety in cryptocurrencies use more serious than ever. Being more enlightened about what it is all about would make them less prone to scammers.

 

[Wisdom01]

Yeah its good to buy more and invest ahead to make more profit and i think then the price was low but now it have increased to s higher note i think

 

[Josemendez]

Due to the coronavirus pandemic, the government of Venezuela decided to put the entire country under quarantine. Local banks and everything is completely shut down and people are forced to stay indoors. Meanwhile, bitcoin trading there began to increase after the lockdown. I think it's good to buy more bitcoins now as it's currently trading at $5000.

First of all , I am glad that Venezuela has allowed cryptocurrency once again. This will actually help their struggling economy.