Topic: Isn't this the best time for Bitcoin? (Read 1331 times)

Thanks for the answer. I still believe that the bitcoin price will go over 10,000 in the near future.

Yes it's best time for Bitcoin.I hope Bitcoin price $10k avobe for some days waited.Bitcoin economic now so good.Day by day this price increase.Sometime this price low but most time this price height.I suggest this people bitcoin buy now good time.Bitcoin tranding people bitcoin buy & hold now for $10k above.This is now not bad price .This is some good price.Bitcoin price always increase & Discrased.Most people crypto currency used bitcoin.Bitcoin golden time 2017 than 2018-19 crypto currency market Dwon.But now come back some good price.I hope Bitcoin price future $20k above.

Bitcoin is one way  we hope that helps for easy transaction that can avoid virus to transfer to others. But everything is depends on the government decision if they will accept crypto as abetter way for a cashless transaction. Also there are so many things to consider if bitcoin can be use as a cashless transaction.The internet connection and the stores or any business establishment that can accept it as payment method.

Yes it is the advantage of online payment but this doesn't mean that only Bitcoin could be used for online payment or transaction.
We have paypal and other Fiat online wallet that we could use so if the government promotes online payment I am sure that they wouldn't promote crypto since they are against it they would promote other services.
And we couldn't really tell if it is a good time to invest because of that statement it doesn't mean that the people would just go in and invest in crypto.

I probably agree that bitcoin is a good alternative for physical money especially at the time of pandemic or COVID-19, having digital transactions probably might prevent getting the virus.

This bitcoin should be implemented especially at this time but probably a lot of countries cannot totally implement bitcoin because they are not really exposed to this kind of technology.

Yes using bitcoin will actually benefit us as it will prevent the spread of infection because it is a contactless payment method and you can send it to anyone without a contact. But still most of the people recommend using PayPal or credit cards to transact as it is fast and also the money that you put inside these wallets will always remain constant not like the volatile cryptocurrencies where you went out to buy groceries with $69 in your hands and when you had to pay then their value remained 34 or maybe increased to 71. But I only invest in cryptocurrencies only for the purposes of holding it till the end of my life and not for transacting with it.

Even though we are heading towards digitalization brought by our experience this pandemic to keep ourselves away from physical contact to avoid getting infected, still people are not being encourage to pursue adapting into using Bitcoin mainly because there are still lots of ways on how people can easily go cashless like using credit/debit card which is provided by their bank once they apply for it, also there is digital online banking that is accessible to any devices and as well as the usage of many apps where you can link your bank account details to pay for your purchase in cashless manner.

As long as people can do such things I have stated above, people can still have a choice not to get into Bitcoin. But it doesn't mean that there is no open possibility for Bitcoin's best to come. It will soon come but as of the moment, people certainly focus on more accessible things to them because adapting into using Bitcoin is not that instant for you still must consider learning how to use it and know if the place where you belong accept or adapt using it. Just like here in our country wherein we are discouraged to use any cryptocurrencies which makes it no sense for people to get into Bitcoin. Though we are not prohibited, still we are stated to use it on our own risk only by our government. Adaptation and learning must be observe first so people will decide to get into Bitcoin.

Cost averaging is that strategy. There's a small risk with this strategy but you have to be a bitcoin believer before you apply this strategy. Just like the stocks folks, they do this strategy. If they think that they've bought earlier and the price goes down a bit, they'll simply buy and just sum it up to their current asset. Too many factors to choose from why bitcoin is one of the assets which is in best shape to buy.

Bitcoin is a trusted currency in the crypto world. I don't think there is a need for time to invest in Bitcoin. If you have the capital to invest, invest now. The sooner you invest, the sooner you will reap the benefits. I also believe that using Bitcoin can play an important role in those who want to stay safe due to the Covid-19 virus.

I agree if our daily transactions can use Bitcoin is very well, because it's easier and safer in situations like now that are still happening
spread of COVID-19 to use Bitcoin. Bitcoin transactions do not need physical contact, so they can avoid being infected by COVID-19.
Moreover, the price of Bitcoin has been more stable these past few weeks, so now it is indeed the best time for Bitcoin.

e-money or e-wallet indeed has become commonplace in every country to use this service because their voting is strong so this will guarantee risks when things go wrong.
Bitcoin is difficult like e-money or e-wallet is because of their lack of stability so this can pose a big risk when there is a crash in the market and therefore it will be more difficult if bitcoin is used like that the government is not ready to do this.

Uhmm from what I see, if you are going to buy bitcoin now that might be a regret soon, I got a feeling that the price will get low to $7K again before getting a huge pump. The price is good for anyone to buy, such  strong support in $9K range but until when? when it will break? and if it breaks where it will go, up or down? During this strong resistance, it is really hard to predict, it might jump any time soon.

Buying gradually although decreases the amount of risk that you are taking but it also reduces the amount of profits that you are gonna make in the future from your investment as in the future price can also rise a lot and at that time you will be having the bitcoins that you brought at a higher rate which translates to less profit when you sell your coins when the time comes. Although if you are always right in predicting the dumps then you should wait for the dump and then buy, but I am always buying coins with guts and if I make a mistake then I learn from it and try to not do it in the future.

Nope that is not true because this pandemic gives people opportunity to look for another option to use as payment without physical contact and not even using banks and ATM.

this come the situation that maybe other people now are starting to realize and also chance of putting their money as investments in this volatile market.
actually the best time to accumulate is last march.

When the price of bitcoin Hardly fall to $4,000 level and that is the perfect call for "Buy Low Sell High"

indeed the best time to buy and accumulate Bitcoin is now, in the area of $ 9000 is a good support for Bitcoin, if it does not last it will be to $ 8500, just buy gradually so that your risk of loss is less

Yup, same with my country as well, in this time of uncertainty, no one really wants to jump with a great risk, they need a less risk way of storing their money, they can't afford the risk of volatility right now, so if he is talking about cashless payments, then e-wallets and online banking are the best way for those people. They won't really want to jump right away here just because someone told them its cashless here, unless they spend some time learning and reading a lot about crypto and btc.

Through the use of technical analysis, we can have an idea where the price will go but it doesn't mean that we can fully predict it. The price of the bitcoin is in sideways so there is a 50-50 chance that it will become bullish if there will be a breakout or it will become bearish again if there will be breakdown that will happen. There is a major resistance at $10,000 for sure that the price will not easily surpass it because the supply is too big in that area but anything is possible after all, if the price breaks it; expect that there will be a price rally.

What exactly are you referring to? Do you mean the price, where it will be heading to next? We can’t really predict.
The price has been trading in the $9,000 and $10,000 prices. All it needs is a trigger to make it move to the next price which will certainly be above the $10,000 price.

Nobody can actually tell you when that is going to be, just invest now and have patience, unless you’re a professional day-trader. If you can’t day-trade, you can just be HODL’ing for the time to arrive. There are lots of events taking place and they will definitely help to trigger the bulls and move the price up.

Those mentioned digital currency are most popular especially from kind of pandemic
situation, people are looking for alternatives.
But bitcoin and other crypto can coexist only the volatile nature is really affecting
everything but the investment side also exist.
To those who understand that chance and willing to take the risk, it's like treating
this side as an investment form.
People will try every possible ways if they see that aside from payment getaway
that earnings also possible chance that they'll be moving inside and start using
or investing inside.

What about e-money or e-wallet? In my country, using e-wallet has become commonplace and is widely used to buy things, so the problem of using cash when the conditions of isolation are resolved. So the reason is not right in my opinion to buy bitcoin, we know that the bitcoin transaction fee is arguably large. Bitcoin has become an assets, so transaction solutions are still in doubt.
I actually think a lot about the technology because blockchain technology is a very safe technology and the current solution for data transactions and other things.