Should I invest in cryptocurrency because of the current outbreak?

[hellcat]

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**According to CoinMarketCap**, there are over 5000 crypto-coins to select from, although not all of them are worth investing your hard-earned capital in.
**Recently, the Coronavirus pandemic has distorted** the entire global financial markets. Even the crypto industry could not escape from the onslaught from the virus, having witnessed the most plunge.
**Bitcoin:** It has plunged about 45% and fallen from $10,500 to $6,579 lately. Interestingly, not long after the sudden drop in Bitcoin price, search engines such as Google recorded an increase in the number of people looking for how to buy Bitcoin.
Now that the cryptocurrencies market is anything but stable, you are probably one of those prospecting about what crypto to invest in today in order to make it a safe long-term bet.

Well, you are making a good move because crypto will always be a good form of investment. Although it suffered a pullback when its price dropped from $10, 000 in February to $4,000 in middle March, Bitcoin has managed to gradually appreciate back at $9,699.

[Cryptoz]

If you have more cash and you have enough savings, yes it is better
 However, investing in such platform? I don't think so. Personally I will buy by myself BTC on exchange or local exchange
 It is safer than on certain platform.

[ShadowCrypto]

Maybe, but do all with extreme caution, maybe gold is a good option for now, if this pandemic take so long people will be forced to sell theyr crypto, and price will fall a lot.

[hushpupppy]

It is good to have reasons before investing, but a pandemic as a decision as to why you want to invest is wrong, what happens when the pandemic is over?
How do you plan to selll ? place orderS?

Do your research, and decide entry and exits points, trading is not beans

[Octoalts]

At a time like this we have to be careful in managing our finances, Pandemic Covid-19 which has not ended requires us to live frugally.  Bitcoin investment has a very high risk, if we do not have more money I suggest that you delay your investment in Bitcoin and other Cryptocurrency.

[Duckenth]

Cryptocurrency investment is an investment that has a very high risk, but behind this high risk Cryptocurrency investment has the opportunity to get very large profits. But this situation requires us to be very clever to manage our expenses, Coronavirus outbreak is not over. We should keep our assets in the form of Dollars only, safer and at any time can be spent.

[wawan96]

I suggest you better learn to trade if you invest in a platform that is very risky for you better be a novice trader for a moment that you follow the platform may deceive you or to the investors who invest in premiumcryptohub platform.

[I-Bit]

Are you going to invest in crypto? You should learn many things about the crypto. If you are willing to invest with such platform, I think you must be very careful. If you want to invest, you are better to buy Bitcoin. It is a worthy and safe both for long term or short term investment.

[Alter]

If you are not really sure, you are better to keep your coins on wallets but not needed to buy anymore. There is no must to buy, it depends on your view. I still have no intention to buy right now because it seems too risky. I doubt if the price can rise again significantly after the crisis has occurred.

[gotbounty]

It is not a bad idea. If you are sure that you have free funds for investment in crypto, why not?
Is the platform trusted? Where do you know about it?
Is the profit so worthy and promising? If yes, I suggest you not to invest in that platform although they offer very high profits. In crypto world, there are so many scammers that are very smart in their new ways. I don't know whether the platform is legit or not. But be careful and keep analyzing.

[trauchot]

Investing in cryptocurrency has always been a risky business, and therefore you should always rely on the fact that you can lose your money and only then start investing and not be afraid of losing your money.

[abdmuiz]

if you have more money not an emergency fund, when you buy good coins and hold it for the long term, but it would be better for you to trade if you have a good enough analysis for market movements

[jonnydepp]

premiumcryptohub is the only cryptocurrency investment platform that pays alot.

[ShadowCrypto]

Maybe you can try Gold, COVID-19 and the subsequent financial crisis triggered a significant increase in the price of gold. The result of this event was a two-fold collapse in demand for the yellow metal in all the world.

[Jaguar]

It's up to you if you analyze the trend of bitcoin carefully, you can try your analyzation if it will work. You can invest now and trade bitcoin neither hold until 11k up. Btc value is not stable so my friendly reminder is bear in mind invest what you can afford to lose.