More Investment to Bitcoin? | Bitcointalksearch.org

ReiMomo

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Quote from: sunsilk on September 30, 2021, 03:22:00 AM

We didn't wait for any institution to adopt bitcoin before we decide if there's one to adopt and see if it will be a success.

We did believe in bitcoin and its true potential so a few years ago, it's also the same situation as now that there are many that don't see the true potential growth of bitcoin.

So if you look back then and have the same feeling, you don't have to think about it if you want to invest although it is very important to DYOR at all times.

Yes, I remember when Bitcoin was around $400 to $500, there were no too many to adapt or invest on it since there were many rumors that Investing on it will lead to loss. But besides all these rumors and struggles to get into the market, Bitcoin reached its ever time ATH in April 2017 to $21k I remember. This ATH indeed turned every one look at what is Bitcoin. Then later, too many investors have come in to create their own crypto currencies with a project and many succeeded who really had a good project but many vanished.

Though adaption creates demands, Bitcoin's growth does not alone depend on adaption. To be frank, we have more investors from the countries which did not either accept or did not speak anything on acceptance. Bitcoin has created its own path to grow where everyone will follow it to invest and gain.

ipanks

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It is up to you to make more investment in bitcoin but if I can suggest you, you should invest more in bitcoin and hold it, especially now as bitcoin price is down many times. If you want to grow your bitcoin amount, buying more bitcoin will be the way besides trading because if you can buy more bitcoin at a low price, you will profit later. You can make more bitcoin from trading, but that will not be easy because you need to know what coin to trade.

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We didn't wait for any institution to adopt bitcoin before we decide if there's one to adopt and see if it will be a success.

We did believe in bitcoin and its true potential so a few years ago, it's also the same situation as now that there are many that don't see the true potential growth of bitcoin.

So if you look back then and have the same feeling, you don't have to think about it if you want to invest although it is very important to DYOR at all times.

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Quote from: arufox on September 26, 2021, 01:24:21 PM

In recent years, the value of cryptocurrencies has continued to increase slowly. It's no wonder that now many people are choosing to invest in digital currency. It's not just El Salvador that accepts bitcoin as a means of transaction in the country. There are a number of other countries that have also accepted bitcoin as a transaction tool such as Australia, the United States, Canada. In the future, many other countries will start adopting bitcoin as their currency. If this happens, that's when we could see a move higher in price, as the momentum gained from millions more people having instant access to crypto will result in more adoption, more HODLing, and higher prices.

At some point technologies reach something like a tipping point, basically a point in their development in which they go from the public knowing about the existence of the technology to using it on their everyday lives without thinking about it, this happened to the Internet, the Internet was for many years something you could only use at a University but then the technology improved and it came to the point people could use it on their homes, it was slow, there was not a lot of information there yet and you could not watch multimedia on it, but people realized its potential and here we are, now people cannot live without being connected all the time and I think bitcoin could go through a similar process.

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In recent years, the value of cryptocurrencies has continued to increase slowly. It's no wonder that now many people are choosing to invest in digital currency. It's not just El Salvador that accepts bitcoin as a means of transaction in the country. There are a number of other countries that have also accepted bitcoin as a transaction tool such as Australia, the United States, Canada. In the future, many other countries will start adopting bitcoin as their currency. If this happens, that's when we could see a move higher in price, as the momentum gained from millions more people having instant access to crypto will result in more adoption, more HODLing, and higher prices.

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Quote from: add1ct3dd on September 25, 2021, 03:00:31 PM

Few peoples crying about China issues, It's also not new because China is doing this all for many years but still fail to stop this all.

It has been a few years before that China always gave bad things about banning bitcoin in its country and this did have an impact on global market prices but all of that was only temporary and bitcoin was able to fly again after the issue disappeared in time, so I never worrying about China has now issued another ban so for me it's normal and nothing to worry about.

Considering that El Salvador wants to adopt bitcoin, I believe this will be more trusted by investors compared to China which always throws tantrums, therefore bitcoin will survive and will not become a big loser even though it continues to be overwritten by continuous bad news from China.

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Quote from: Semar Mesem on September 24, 2021, 05:51:57 AM

Today's bitcoin price dropped again around $42k, this is the right time, if previously I often heard people want to buy bitcoin when it was below $50k then this has already happened, rest assured that the price of bitcoin will skyrocket again so by buying now then we opportunity to earn big profits.

I doubt this is going to happen, those that are always claiming that they want to buy bitcoin for a cheap price because they missed the chance to do so since they came late to the market will for the most part never do so as they will be afraid the price keeps going down when the price suffers a drop, and then when the price goes up once again they are going to begin to complain about the fact they missed yet another chance in a circle that never ends.

geegaw

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Quote from: XCANA on September 24, 2021, 01:35:44 PM

In my opinion everytime is good for Bitcoin investment but it all depends on individual plan, analysis and investment capital. As there will be more investors in the crypto currency space the higher will be the market price of Bitcoin in time to come. Invest now and thank me later or don't invest now and have yourself to be blame later when Bitcoin price hit all time high of 100k.

In your own words, if someone takes your advice, success will be your plus point but if this advice turns out to be a failure, that will seem to be their responsibility and you have no obligation to correct or advise behind, just embrace the best and leave the bad behind and when something goes wrong, denying any previous words, this is the story of too many fake experts here, even these are just temporary forms of provoking others with a playful meaning. Should follow your original premise, their own sense and personal decisions, do not mix other people's impurities

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even though el salvador is successful in implementing bitcoin, of course other countries will not be that easy to accept bitcoin as a legal currency. if you want to invest in bitcoin you don't have to wait for the results of the bitcoin implementation in el savador. I think now is the right time to buy bitcoin because currently the price of bitcoin is going down and in the next few months it has the potential to rise again.

add1ct3dd

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Quote from: Fakhrulenclix on September 25, 2021, 04:06:42 AM

Currently the price of Bitcoin is very high when compared to last year. maybe if you want to invest you don't do it and the day the Bitcoin price gets higher there will be a lot of regrets later.
Of course, if you wait for the success of countries that adopt Bitcoin, the Bitcoin price will definitely be higher than it is today.
So, think well see and analyze how and what will happen in the future and then decide and choose to invest or wait for a more appropriate moment.

Bitcoin price is going high every year, and it's not going to stop for more details you can check charts after end of every year we have rise in demand and price because it's spreading and adoption is also happening very quickly even we have some good number of issue around us, but now bitcoin is unstoppable after El Salvador now many countries bringing soft policies and regulations which will help in adopting for bitcoin so right now its good time for buying and holding if still someone thinking then surely he will be regretted after sometime.

Few peoples crying about China issues, It's also not new because China is doing this all for many years but still fail to stop this all.

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Quote from: Fakhrulenclix on September 25, 2021, 04:06:42 AM

Currently the price of Bitcoin is very high when compared to last year. maybe if you want to invest you don't do it and the day the Bitcoin price gets higher there will be a lot of regrets later.
Of course, if you wait for the success of countries that adopt Bitcoin, the Bitcoin price will definitely be higher than it is today.
So, think well see and analyze how and what will happen in the future and then decide and choose to invest or wait for a more appropriate moment.

Right now, the price dropped so much that it became a good time to buy once again. People are worrying about the price drop because they are fearing that their investment would drop as well. However, they do not realize that there is a good chance they could make a good profit out of this as well. I believe that we should not be looking at the current price as something that caused us to "lose money" as long as we do not sell it, and look at it as a way to make a profit if we end up buying right now.

It would certainly be profitable to buy right now and wait a little while. I mean is there any person in the world who believes it won't be 100k? Maybe it will be in a month or in a year or more but it will be 100k and that is why buying right now is a great decision.

Fakhrulenclix

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Currently the price of Bitcoin is very high when compared to last year. maybe if you want to invest you don't do it and the day the Bitcoin price gets higher there will be a lot of regrets later.
Of course, if you wait for the success of countries that adopt Bitcoin, the Bitcoin price will definitely be higher than it is today.
So, think well see and analyze how and what will happen in the future and then decide and choose to invest or wait for a more appropriate moment.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

There is no mistake whatsoever in buying bitcoin, compared to making purchases on other coins, bitcoin is one of the oldest coins currently available, even in the future bitcoin is much more profitable than other coins, especially if several countries have accepted bitcoin as a currency, this will greatly affect bitcoin in the future, there is no need to wait for the successful implementation of bitcoin El Salvador, because actually bitcoin has reached its highest value before they start accepting bitcoin as a currency, and it is certain that bitcoin will be very developed in the country in the following year.

Hippocrypto

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Don't be bother when it's wrong or right man, Bitcoin will soon reach all time whether we like it or not. What's important is to keep our holdings increase in quantity for us to gain huge profit by the time it pumps. As many countries adopt cryptocurrency, holders will grow literally and demand will increase that causes price to climb so fast.

Mahanton

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Quote from: Ziskinberg on September 24, 2021, 05:37:50 PM

Quote from: XCANA on September 24, 2021, 01:35:44 PM

In my opinion everytime is good for Bitcoin investment but it all depends on individual plan, analysis and investment capital. As there will be more investors in the crypto currency space the higher will be the market price of Bitcoin in time to come. Invest now and thank me later or don't invest now and have yourself to be blame later when Bitcoin price hit all time high of 100k.

It has to believe that Bitcoin will reach for another ATH someday and so the idea of investing more while the market price is low is really a good idea but some people keep on thinking What IF the market will dump or collapse? We can't certainly stop them from that kind of mindset and only the thing we have to do is to try to open and change it. Of course, we can't blame them to think that way as we are also not sure about its future, either we are right or wrong, only the strong mindset will ever take the risk while these doubtful individuals will keep doubting.

Its okay to be optimistic but you should always mind that everything isnt really guaranteed which means you cant be sure whether you would profit in future or wouldnt really make something at all.
This is why its always been good on putting into your consideration that everything could really happen thats why its neither you do put that much trust and put that much money or investment in bitcoin
then its your choice because its your money then no one would have the right on stopping you to do so but at least it isnt bad to hear up some suggestions or comments from others.

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Quote from: XCANA on September 24, 2021, 01:35:44 PM

In my opinion everytime is good for Bitcoin investment but it all depends on individual plan, analysis and investment capital. As there will be more investors in the crypto currency space the higher will be the market price of Bitcoin in time to come. Invest now and thank me later or don't invest now and have yourself to be blame later when Bitcoin price hit all time high of 100k.

It has to believe that Bitcoin will reach for another ATH someday and so the idea of investing more while the market price is low is really a good idea but some people keep on thinking What IF the market will dump or collapse? We can't certainly stop them from that kind of mindset and only the thing we have to do is to try to open and change it. Of course, we can't blame them to think that way as we are also not sure about its future, either we are right or wrong, only the strong mindset will ever take the risk while these doubtful individuals will keep doubting.

XCANA

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In my opinion everytime is good for Bitcoin investment but it all depends on individual plan, analysis and investment capital. As there will be more investors in the crypto currency space the higher will be the market price of Bitcoin in time to come. Invest now and thank me later or don't invest now and have yourself to be blame later when Bitcoin price hit all time high of 100k.

Semar Mesem

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Today's bitcoin price dropped again around $42k, this is the right time, if previously I often heard people want to buy bitcoin when it was below $50k then this has already happened, rest assured that the price of bitcoin will skyrocket again so by buying now then we opportunity to earn big profits.

Ibrahim60

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This is great news that day by day some countries are accepting Bitcoin. Hopefully in the future all of the country in the entire world will accept Bitcoin.

If you want to invest in Bitcoin then don't wait. This is the greatest time to invest on it. Because now price is decreasing some. Hopefully it will recover as soon as possible. So if you buy some Bitcoin now then you should get profit from it. So without any hesitation invest your money in Bitcoin now.

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Quote from: skarais on September 19, 2021, 01:38:39 AM

Bitcoin can be purchased at any time without having to wait for the success of any party to invest in it. If the OP is still hesitant to invest in bitcoin, then you should not invest here because if you force yourself to invest without being able to control your emotions due to price volatility, you will lose because of it. It all really depends on the OP himself how and when to determine the right time to invest. Your money is your responsibility and you decide. I just want to say, don't hesitate because bitcoin is the best investment so far at least in the last 11 years if you want to invest long term.

This should be consistent with OP investing in bitcoin, but in fact, they still have doubts and have to wait for some to succeed even though the concept is not like that, we have to have our own assessment where we have to start because bitcoin is always right at any time to invest.

Indeed, money should be our responsibility in this investment, but if we wait for some of the things that the OP expects, it will take too long, let alone waiting for the market to be successful, I think the OP should start early so the price is still quite low.

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Quote from: rahmatrf331 on September 22, 2021, 09:44:05 AM

what is the current price of bitcoin at $42k, previously the market price had penetrated the price of $52k. if you want to invest in bitcoin right now, because the market price is resistance, the price will probably be pumped again in the next few days. Don't worry about negative issues that bitcoin will fluctuate again, because that's just an assumption from those who are trying to bring down the market price, while reality will talk differently in the future.

And just like that the price is already at 44k, I understand that people panic once in a while but this market moves like that, newbies do not really know this and even traders that come from other markets get scared by the volatility of bitcoin once in a while but once you have passed enough time in this market movements like the one we are seeing are not going to be that odd to you and that is when you can finally have a chance to make money in this market, as you finally have understood its nature.

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what is the current price of bitcoin at $42k, previously the market price had penetrated the price of $52k. if you want to invest in bitcoin right now, because the market price is resistance, the price will probably be pumped again in the next few days. Don't worry about negative issues that bitcoin will fluctuate again, because that's just an assumption from those who are trying to bring down the market price, while reality will talk differently in the future.

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Quote from: rincoeng1986 on September 19, 2021, 12:48:44 AM

Quote from: Reid on September 18, 2021, 09:54:58 AM

If you wait and El Salvador's adoption with Bitcoin is successful then you will buy it at a higher price.
Why wait? Are there other reasons?
IMO, every day is a good time to buy. It's not like Bitcoin will fall back considering how much noise it made for this past few years. I will bet all my Bitcoin that the value of it will just keep on soaring. You just don't know when. It can be 10 years from now or next week.

if we are interested in investing then there is no need to wait for El Salvador to succeed, because we are too late and left behind. but better walk on par with El Salvador and succeed together. Your decisions today will determine your own future.

If a person is thinking on becoming an investor they need to understand a very simple truth, profits are not really made when you sell but at the moment that you buy, if you buy for a bad price then getting profits will be incredibly difficult but if you buy at a good price then profiting from it will be very easy, so if we think that the experiment going on right now at El Salvador will be successful then we need to buy before it reaches that stage and not after.

skarais

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Bitcoin can be purchased at any time without having to wait for the success of any party to invest in it. If the OP is still hesitant to invest in bitcoin, then you should not invest here because if you force yourself to invest without being able to control your emotions due to price volatility, you will lose because of it. It all really depends on the OP himself how and when to determine the right time to invest. Your money is your responsibility and you decide. I just want to say, don't hesitate because bitcoin is the best investment so far at least in the last 11 years if you want to invest long term.

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Quote from: Reid on September 18, 2021, 09:54:58 AM

If you wait and El Salvador's adoption with Bitcoin is successful then you will buy it at a higher price.
Why wait? Are there other reasons?
IMO, every day is a good time to buy. It's not like Bitcoin will fall back considering how much noise it made for this past few years. I will bet all my Bitcoin that the value of it will just keep on soaring. You just don't know when. It can be 10 years from now or next week.

if we are interested in investing then there is no need to wait for El Salvador to succeed, because we are too late and left behind. but better walk on par with El Salvador and succeed together. Your decisions today will determine your own future.

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Maybe because the OP doesn't know and hasn't experienced the bitcoin journey and only saw the latest developments why the bitcoin price is currently high, if the OP knows the bitcoin journey he won't wait for further developments to take action.

are you still not clear with the evidence of bitcoin the last 10 years and you have to assess it in the next 10 years which in my opinion does not have to wait for the implementation of bitcoin el salvador to succeed, you better do some research first on the journey of bitcoin and why bitcoin reaches its current price and you will realize that procrastination is very wrong and you will miss the train because no one knows what will happen next because there is always positive news for bitcoin and that will drive up the price.

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If you wait and El Salvador's adoption with Bitcoin is successful then you will buy it at a higher price.
Why wait? Are there other reasons?
IMO, every day is a good time to buy. It's not like Bitcoin will fall back considering how much noise it made for this past few years. I will bet all my Bitcoin that the value of it will just keep on soaring. You just don't know when. It can be 10 years from now or next week.

Oasisman

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Bitcoin has been successful ever since it gained value. Look at how far it has become from almost no value at all.
If you'll have the same mindset in the coming years, you'll never probably invest a single cent because you always think Bitcoin is on it's peak.

Also, just like everyone said, El Salvador's success in accepting Bitcoin doesn't dictate the price of Bitcoin.

Spack17

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You never know what will happen in Bitcoin price after this kind of news. Some news affect the price a little in a good way, some don't. And some don't even have an affect on the price. You can make your investment every time you would like. I think that there is no certain "the best time" for Bitcoin. It is near impossible to predict as it is volatile.

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Quote from: yohananaomi on September 17, 2021, 08:27:07 PM

Bitcoin is clear, whatever you will do with it will certainly not experience any problems. whether you will hold at the current price and hold for the near future or maybe a long time, obviously bitcoin will not make those who hold it will suffer losses because bitcoin will always after the halving will reach renewable ATH.

do not hesitate to invest in bitcoin especially what will happen is that by the end of the year there will be a sharp increase in bitcoin. if you miss it then you will not receive the benefits that are in front of your eyes and it will take a long time to be able to achieve things like today.

The upside of bitcoin is the things you talked about, if you are in the bitcoin world then you will not lose too much, and even if you do end up losing then you will not end up losing for a long time neither, just hold it and you will go into profit once again. That is the great thing about bitcoin and the upside is guaranteed profit in the long run.

But, the downside is that you are in the crypto world and while people are making 10x profits you are getting happy about 10% that you made in the last 2 months. Surely it is good because it is still better than almost any other investment in the world, however it is still not that great of a feeling to see everyone else making insane profits from the small altcoins while you are just making a small profit from the biggest crypto currency in the world. It is an emotional one, so it is easier to overcome that.

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In the end, it is your opinion and I wouldn't like to affect your decision. But if I were you, I would invest into Bitcoin no matter what. I don't think it is reasonable to wait for a long time to buy some Bitcoin. If you aim to hold your coins for a long term, then you can buy Bitcoin now already as you will most probably make a lot of profit in the long run. And let's say that the price fell after you bought, then there is no problem also. Because you can wait for seeing a low level and buy some more then too.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Well, there's no need to wait for the implementation to be successful before investing in bitcoin, because bitcoin is basically a self-developing coin. I think that El Salvador needs bitcoin, not the other way around. So far, many people like the use of bitcoin as a legal transaction tool there. it is also able to make changes in society in the future. besides, waiting for other countries to follow El Salvador's lead will only waste your time. right now so many big companies are lurking bitcoin as their medium of exchange, and I think they are also adopting, or will adopt bitcoin in the future.
if you believe in the future development of bitcoin, i think you should not wait for it, because when the price reaches $100k, and you don't have bitcoins in your wallet, chances are you will regret always waiting for the successful implementation of bitcoin in a country. look at the broader thing, the implementation of bitcoin really works on the internet, until big companies, even countries highlight it.

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Cryptocurrency is a risky platform where you can make good profit. Bitcoin is the most reliable investment platform . If anyone can be a good holder then I suggest to buy more bitcoin.

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Quote from: jakdanyel on September 17, 2021, 01:31:54 PM

It is your choice to make more investments into Bitcoin. We don't know what will happen in the near future. If the price starts increasing quickly, then you can miss a bigger profit chance. That's why I think that it is always the best time to invest into Bitcoin. Because if your aim is to HODL your coins, then you shouldn't worry about making your investment now or later.

Bitcoin is clear, whatever you will do with it will certainly not experience any problems. whether you will hold at the current price and hold for the near future or maybe a long time, obviously bitcoin will not make those who hold it will suffer losses because bitcoin will always after the halving will reach renewable ATH.

do not hesitate to invest in bitcoin especially what will happen is that by the end of the year there will be a sharp increase in bitcoin. if you miss it then you will not receive the benefits that are in front of your eyes and it will take a long time to be able to achieve things like today.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Dont miss the train and it would be always wise to accumulate bitcoin because global adoption is on the move and we have learned on the past about missing out opportunities and its better not to commit the same
mistakes again but if you are a total noob on this market then i could say that if you do intent to hold then buy bitcoin

but of course only invest on the money that you could afford to lose because its never been an assurance that bitcoin would succeed or rise up in the future.So simply means its your risk to take.

Just observe or tend to go back in the past years in regarding with its movements and make out some comparison in terms of adoption.

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It is your choice to make more investments into Bitcoin. We don't know what will happen in the near future. If the price starts increasing quickly, then you can miss a bigger profit chance. That's why I think that it is always the best time to invest into Bitcoin. Because if your aim is to HODL your coins, then you shouldn't worry about making your investment now or later.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Each investing decision needs to be taken with the utmost care however you can take almost any time in the past on the history of bitcoin and you are going to find that its value was lower, with the exception of a month or two in which it was higher than the current levels, this tells us that if you wait for enough time and you hold your coins then you will get profits, the real question is if you are going to be able to do hold your coins once you buy them? And this is only possible if you are truly convinced about the technology behind bitcoin.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Just look around on you, tried to search on the internet and you might wonder why some known personalities and billionaires are already investing in Bitcoin it was because they believe that Bitcoin could give them the expected profit.
I know you're still not sure and doubtful about Bitcoin, maybe you should empty your cup and fill it with positivity then this might change your mindset.
Don't just focus on what happens to El Salvador but rather make yourself getting busy studying and make searches about Bitcoin.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

I don’t know how long you’ve known about Bitcoin, but if you’re wondering if you’re right or wrong about investing or not, maybe you should think a little bit about whether people have wondered the same thing in the past? The key thing is time, it is more valuable than anything including Bitcoin.

Wait for success? Hasn't success already been achieved if we take into account that 10 years ago Bitcoin was a rather unknown and rather worthless digital coin that many predicted would collapse very quickly?

I will qouote @Amph from 2015, because his post makes sense, right?

Quote from: Amph on March 26, 2015, 07:45:23 AM

better to invest in bitcoin, gold maybe more secure, but bitcoin has more potential to grow
saving money in the bank, will only mean losing them in the long-term with the current high inflation

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Quote from: lienfaye on September 16, 2021, 10:56:46 PM

Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

You're the only who can answer this because it depends on you. But if I were you I wont wait for bitcoin adoption's success in other countries before engaging myself. Many changes can happen that can affect the price thus its better to join the ride while you can afford to buy a portion of bitcoin. Anyway, its your own money thus you better know than anyone else the right decision to make. Have a guts to take the risk because we'll never know what is the future that lies for bitcoin.

On other hand maybe he cannot decide whether its good to buy or wait for like El Salvador to get success since its really good to see some basis before entering on something we don't know but in the case of bitcoin we already see the opportunity to buy when market is calm since mostly FOMO happened when the market starting to pump up. But since there are helpful suggestion given by respectable members here for sure newbies like him or her will surely find some decent answer towards what he ask here.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

You're the only who can answer this because it depends on you. But if I were you I wont wait for bitcoin adoption's success in other countries before engaging myself. Many changes can happen that can affect the price thus its better to join the ride while you can afford to buy a portion of bitcoin. Anyway, its your own money thus you better know than anyone else the right decision to make. Have a guts to take the risk because we'll never know what is the future that lies for bitcoin.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

If I were you, I would not wait for anything because the bitcoin price now is at a good moment to buy although after I buy it now, the price can still go down but I will be okay with that because I can buy more bitcoin at a low price.
The other countries will accept bitcoin, but that will not happen in a short time because they need to research what benefits they can get from bitcoin so if you do not use this moment, maybe you will regret it later.
But that is up to you because you have the money and you know when you should invest in bitcoin or just wait for the other time when the price is getting down.
If so, you will need a longer time to buy bitcoin because you expect to see bitcoin price is down while we do not know what will happen to bitcoin in the next hours.

Fundamentals Of

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Quote from: geegaw on September 16, 2021, 10:05:42 AM

Quote from: Fundamentals Of on September 15, 2021, 09:11:15 PM

Why not buy now so that by the time other countries will also start adopting Bitcoin you are already gaining from it? If you are waiting for Bitcoin to become a legally accepted currency in other countries then you might find yourself buying Bitcoin at a much expensive price. This is the same mentality of people who do not want to buy Bitcoin when its price is falling down hard. They would like to buy some when Bitcoin is bullish. That's not a good investment strategy for me.

You forget that people's general definition is that more expensive is safer, if most countries put the possibility of bitcoin into practice, we can buy more expensive but the possibility of loss will be low while investing now can also be a daring criterion because the most exclusive country is still EI Salvador, and they also only launched the bitcoin network for a short time, short term it is easy to lack of trust and once opposed, bitcoin is affected and the buyer of bitcoin as a hoard is at risk

As far as investment is concerned, you might be late or even a failure if you are so careful for your money's safety that you end up buying things at a more expensive price. If you are afraid of risk, there is no way you could reach your money's full potential. If you were to buy Bitcoin, just take a careful look at Bitcoin and take the risk. Those who are fully rewarded in the Bitcoin community are the risk-takers who came at a time when Bitcoin was unheard of or when Bitcoin was considered an underground currency. The risk-takers are also those people who did not sell when Bitcoin was down and when Bitcoin reached an ATH.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

El Salvador might have accepted bitcoin or making it as a legal tender but doesn't mean that other countries would do the same.So its your choice on when for you to make a move.

When it comes to investment then this is something on someones decisions whether he would dive in with those kind of sentiments.Everything would really vary on the demand

and this is something that cant really be predicted on whats ahead.So its your risk to take and not ours.

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Quote from: YOSHIE on September 16, 2021, 02:27:12 AM

The first day the president of El Salvador said Bitcoin was legal as a payment currency, that day also chaos occurred, not to mention the poor people who must have a platform to be able to access the internet, in payment method, this is not final yet for today, the turmoil is still high, yes, the government rules, of course they will win, like it or not, you have to obey everything that is enforced by the government of El Salvador.

What I want to say is: you must have a professional attitude in making your investment in Bitcoin at this time, don't rely on El Salvador, if you are guided by the current state of the Bitcoin implementation in El Salvador, you will panic every day, so do it on the basis of your will and determination, sure do not sure don't do it, El Salvador is not the basic benchmark for you, Let them think what is best for their people.

I agree. If you want to invest into bitcoin, it should have zero connections with what is going on in El Salvador. It is totally what you do own your own and what you believe in. I have been in crypto way before El Salvador got in, and I will be here even when they crash and burn or get rich. None of my decisions on bitcoin was based on El Salvador or dependent on any other nation. When china banned stuff I was still here, when New York made guidelines I was still here, when other nations liked it or hated it I was here.

I am not going to stop enjoying crypto just because one nation did something good or bad. Make you decision based on what you think, not what others do and you will be doing a lot better in the long run.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

This is something that you should decide. Its your money, its your investment and its you who knows what is best for you. Random people will tell you to invest just because you have the money. But they don't actually know what your financial conditions are or doesn't even care if you make a loss. You think you can afford to lose all the money you are going to invest in bitcoin? If yes, then why wait? Go ahead and hold it for long term. Even if other countries doesn't follow what El Salvador is doing or even if the country fails, I doubt you will make any loss. In the short run, there might be some hiccups, but in the long run, you will be making profit.

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Quote from: Fundamentals Of on September 15, 2021, 09:11:15 PM

Why not buy now so that by the time other countries will also start adopting Bitcoin you are already gaining from it? If you are waiting for Bitcoin to become a legally accepted currency in other countries then you might find yourself buying Bitcoin at a much expensive price. This is the same mentality of people who do not want to buy Bitcoin when its price is falling down hard. They would like to buy some when Bitcoin is bullish. That's not a good investment strategy for me.

You forget that people's general definition is that more expensive is safer, if most countries put the possibility of bitcoin into practice, we can buy more expensive but the possibility of loss will be low while investing now can also be a daring criterion because the most exclusive country is still EI Salvador, and they also only launched the bitcoin network for a short time, short term it is easy to lack of trust and once opposed, bitcoin is affected and the buyer of bitcoin as a hoard is at risk

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Quote from: ILuckyGuyI on September 16, 2021, 02:28:40 AM

I don't think that you should wait for anything. It is always a good time to accumulate Bitcoin if you are planning to make a long-term investment. Of course, it is better to buy from as low level as possible. But you will never know what level the price will go down to in the best-case scenario. Whether you buy from e.g. $30k or $50k, you will make a big profit in the long term anyway.

Exactly, waiting will only lead to more waiting until the prices starts skyrocketing and not going back down ever again, I am pretty sure that the best thing that OP should at this moment is to invest right now no matter what's the price because in the long-term, you will always win if you do that.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

No, you do not have to wait for the success of El Salvador to invest in bitcoin and you can invest in bitcoin anytime you want. You should be concerned about how you can buy bitcoin at a low price so you can make a profit from the next high price. If you just wait for what will happen to El Salvador without doing something, I am afraid you will be too late to invest in bitcoin because who knows, the price can be at the highest price. Yes, more investors are coming to bitcoin and will invest in bitcoin so that it can lift the price to increase. That will be up to you to decide.

ILuckyGuyI

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I don't think that you should wait for anything. It is always a good time to accumulate Bitcoin if you are planning to make a long-term investment. Of course, it is better to buy from as low level as possible. But you will never know what level the price will go down to in the best-case scenario. Whether you buy from e.g. $30k or $50k, you will make a big profit in the long term anyway.

YOSHIE

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

Wrong understanding, this is wrong, you don't have solid principles, you shouldn't take the guidelines of how El Salvador adopted Bitcoin, if you have to wait for El Salvador's implementation to be totally wrong.

The first day the president of El Salvador said Bitcoin was legal as a payment currency, that day also chaos occurred, not to mention the poor people who must have a platform to be able to access the internet, in payment method, this is not final yet for today, the turmoil is still high, yes, the government rules, of course they will win, like it or not, you have to obey everything that is enforced by the government of El Salvador.

What I want to say is: you must have a professional attitude in making your investment in Bitcoin at this time, don't rely on El Salvador, if you are guided by the current state of the Bitcoin implementation in El Salvador, you will panic every day, so do it on the basis of your will and determination, sure do not sure don't do it, El Salvador is not the basic benchmark for you, Let them think what is best for their people.

Kong Hey Pakboy

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Better invest now and hodl and then you wait for the prices to increase twofold or even hundredfold, you have it the opposite OP, you better be ready to wait for a long time and hopefully you have a long-term mindset.

Exactly, what OP is doing is waiting for the price to go up more making the fiat that OP's going to use less valuable since the price will go up and the value of bitcoin that OP will buy will be much lower since the prices will go up.

Poker Player

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

You look like a "gambler" so to speak. Someone who buys in the short term hoping it will go up and sell, and ends up selling out of panic at the first dip.

Educate yourself about Bitcoin, about its origin and its intrinsic properties. When you have done so, if you decide to invest, it is best to do it in the long term, it is what you will understand when you have studied it, and then you will care less about those things you mention.

Fundamentals Of

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Why not buy now so that by the time other countries will also start adopting Bitcoin you are already gaining from it? If you are waiting for Bitcoin to become a legally accepted currency in other countries then you might find yourself buying Bitcoin at a much expensive price. This is the same mentality of people who do not want to buy Bitcoin when its price is falling down hard. They would like to buy some when Bitcoin is bullish. That's not a good investment strategy for me.

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I have a doubt about other countries would follow even if you say El Salvador is successful for using Bitcoin as a legal tender. Each country has their own different beliefs and practices and we all have different laws except the international laws implemented in our country. So thinking it would pump the market that easily is a kind of desperate choice, you have your chances back then when the price is still cheaper than today. So why not invest now and don't wait for another bullish news because the market might leave you with a higher price than what you thought you could afford.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Why wait for them to succeed? you can buy now if you want since for sure you will regret when you wait for them to succeed since by the time bitcoin price pump high and then you bought you will end up became a crying bag holders then those who you look up succeeding are now securing their profits then wait for another dip to buy back again. That is the cycle for now and you should react according on what's happening in the market and don't buy at the peak.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

Some people just wait for the outcomes before making a try, this is very usual to doubters.

Quote

I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Even if they will succeed it never guarantee that the other country will consider and take action like them. It was their choice, not all see it as good and productive, they will also do the same.

if you have some trust in Bitcoin and believing that it gives you the profit and benefits in the future, I don't think you need to wait that others will tell you nor you've seen it from them but rather to take action just like them.

crzy

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It can affect the insight of other countries but the price wont jump that much because the adoption is still on progress and we might not see another countries to fully legalize Bitcoin this year. Bitcoin have to stabilize, if we reach $100k price I wonder how the adoption affect this knowing the price can easily go down as well. I do invest on Bitcoin without waiting for that adoption, better to invest early and always be ready for the risk of it.

Baofeng

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

The success of bitcoin doesn't depend on anything, still base on how investors are willing to pour money in the market. It's good to hear that country like El Salvador has fully adopted bitcoin, but one year ago, without them, the price zooms from $3k March 2020 to a new all time high $64k last April. So it shows that it can be very bullish. Just in case you invest right now, what is your goal? The example that I gave above that HODLing at least a year or two might give you a good profits.

btc_angela

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

It's hard to give financial advises here, nevertheless, I will just say one thing, there is a big possibility that the price will continue to go up (or down) with or without El Salvador making BTC legal tender.

Quote from: kenskie on September 15, 2021, 10:15:11 AM

I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Well there you go, you have your own view on what is going to happen, so if I'm in your shoes, I will stick to my believed and then see how it goes fo you, best of luck.

Johnyz

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Those are good news already and many expect for the price to go up in the coming years so why wait when you can buy Bitcoin now at a cheaper price? Well, this is all up to you.

The success of El Salvador can influence many country to adopt as well but of course there’s no guarantee on that. If you want to hold for long term, better to buy Bitcoin now and wait for the next bull run that can happen any time.

Kelvinid

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

I'm not saying you should but as you can see that Bitcoin has a huge impact on the community right now. It comes to consider that the current situation (pandemic) gave us the favor.

If you have money and are willing to invest in Bitcoin, you'd better do it now. Many people have found themselves in regrets for not seeing Bitcoin before where the price is cheap and I don't want you to blame yourselves then for missing this opportunity coz I can see that Bitcoin will become more valuable in the future.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

You are asking strangers from a Bitcoin forum if you should invest in Bitcoin? Really?
I will (also) disappoint you and will not tell you "yes"; it's you who has to decide for your own money whether to invest or not and when.

I can tell, however that many here expect Bitcoin price to rise more (but we can clearly be wrong too!).
I can also tell that you should learn a bit about bitcoin and see for yourself if it's a good investment, but also learn how to keep your coins safely in case you buy (if it's a significant amount you have in mind, I suggest you also consider acquiring a hardware wallet).

Again: think for yourself, decide for yourself.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

I think if they become a more successful country by accepting bitcoin, others will implement too.

What do you think about a successful country? El salvador's main purpose is to encourage and expect of increase in remittances from overseas. Since remittance in el salvador has huge portion of its gdp, it will have a positive significant effect after accepting bitcoin. And you should not expect they will become rich by accepting bitcoin in just a year or two for remittance purpose. If that's what you're waiting then you will probably wait longer than 3 years before you invest on such promising asset.

You should start now even just a couple of $$ you have on your pocket money and do the same again and again to accumulate more.

dothebeats

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If it were up to me, I would have bought coins little by little, without depending on the success of other ventures who bought bitcoin like me. Waiting for the results of El Salvador's bitcoin adoption might be a long and boring journey, and during those times that you're waiting, the price might have gone up and other people have entered the market while you are still confirming your bias before making the purchase. A lot of people buying now, even without the success of El Salvador or other companies that have bought bitcoin should already be enough for you to make the decision for yourself.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Lol! You are still waiting? For what? Are you waiting to buy bitcoin at 3k level again?

No one is an astrologer here so no one would be able to tell you which direction bitcoin will take in next few years. But one thing you need to understand that bitcoin has a fixed supply and its popularity is growing day by day. So it's purely an accumulation game to be honest. Instead of investing all your money in one go, purchase through a systematic investment plan and for long term. The more you accumulate over the period of time, the better your gains will be.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

And if Salvador goes to a crisis or a civil war or god knows what would that be because of Bitcoin?
If manufacturers relocate from Asia to Central America and Salvador gets a bit of those investment would that be because of Bitcoin?
It will be impossible to measure the "success" of this compared to the economy, Bitcoin is a tool, it can be used in the right way or the wrong way, a business dealing in Bitcoin alone could be successful or can go bankrupt, it all depends on the people who make the decisions on how to use it.

Anyhow, I wonder what you expect from the answers here.
You're on Bitcointalk, do you honestly think people here will tell you anything but invest now?

Furious 7

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No need to wait for a country that implements bitcoin to be successful, we have even seen how bitcoin is doing very well even with a very sharp increase.
You have to start early to invest bitcoin because if you wait for more success then you will find it difficult to buy it because it will be more expensive, in fact investors will buy more bitcoin when it is down and that is a possibility where investors have principles about bitcoin in the future then more trust in bitcoin investment.
So before more countries or big companies implement at least you have a handle on bitcoin in your hands.

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There's no harm in saving or buying some from now on. Although it hasn't worked out there are definitely many surprises from bitcoin. Especially if it works bitcoin will soar very high precisely when it will be difficult for us to buy it because surely we get a high price to be able to buy it. Or we wait for a correction in advance to get a cheaper price.

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Just keep in your mind, if you wait for other's success and after that, you jump in then most probably you will regret it eventually. When El Salvador's success Bitcoin would be at more high. Although you can always buy a Bitcoin unit, but you would have to spend more than now. It's the only possible scenario. We don't know any real situation that will happen in the future. But I just want to say, we shouldn't wait for other's success and loss the opportunity to grave the chances.

Investors will increase day by day, it's a logical expectation. Otherwise, Bitcoin would be stuck between a price range. We have been seeing price pump dump based on investor's movements. Old investors holding and new investors buying. That's the game of Bitcoin.

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Quote from: kenskie on September 15, 2021, 10:15:11 AM

I think if they become a more successful country by accepting bitcoin, others will implement too.

I don't think this is true. El Salvador actually took a really bold step in making Bitcoin a legal tender, but tbh, there are actually a few countries that would go along that same line at the moment, not because they do not see the advantages of the Bitcoin network, nor appreciate the way it sets out to change a monotonous traditional fiat system, but just cause they cannot control it, that's basically just the problem governments have with Bitcoin, which is the decentralized nature of the network, they can't print it how they like and they cannot be in the driving seat, so they better just sanction/ban and regulate it.

Quote from: kenskie on September 15, 2021, 10:15:11 AM

Should I wait for the success of El Salvador's implemetation of bitcoin before investing?

I don't think you should, the success of the network is not on whatever decision El Salvador has taken, it's a good move from the government of El Salvador by the way, as the decentralized nature of Bitcoin didn't stop them from doing what's right, just do your research about Bitcoin and you'll understand that every time is basically a great time to accumulate it.

noorman0

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Successful implementation cannot guarantee the value will increase. Keep in mind that bitcoin is just an alternative means of payment, even if it's legalized, not everyone wants to use it. Also those countries (like Elsalvador) will not erase their own currency.
However, decentralization will always conflict with centralized regulation. You shouldn't have much hope that bitcoin will be legalized in many countries. So, a more appropriate question for your investment considerations is, "before it was implemented by Elsalvador, has bitcoin failed to become a currency all this time?"

Quote from: kenskie on September 15, 2021, 10:15:11 AM

-snip-
There will be more investors and the bitcoin will be pump again?

If you invest expecting it to get pumped, then there are plenty of altcoins to choose from such as meme coins.

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No one knows even they implement and accept bitcoin we don't know if it will attract more investors that could pump the bitcoin price.

If you are a believer in the technology of Bitcoin you must invest right away don't rely on the news or other people. Look at the chart and history of bitcoin what is the price before compared today. Haven't you notice yet?

Bitcoin is too volatile it would always depend on the demand and supply since the block reward every cycle split into half the supply would decrease and I'm sure the demand will be the same or could be high demand. So the price of Bitcoin will still increase in value without the el Salvador bitcoin implementation.

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Completely up to you. If you think El Salvador's implementation will be successful, why are you going to wait? Unless you prefer to buy in at higher prices lol.

Ultimately, bitcoin's overall success won't really depend on countries accepting it as legal tender or not. Bitcoin can grow bigger without any of those. And there's a reason why we heavily recommend investing here, not trading. Trying to time the markets will most likely just end you up in a worse situation than if you just simply dollar-cost averaged[1].

[1] https://dcabtc.com/

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Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time. Huh

Topic: More Investment to Bitcoin? (Read 493 times)