Isn't this the best time for Bitcoin?

[bearexin]

Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.

You do know that the bitcoin you're talking about is not the only digital payment method there is right?
PayPal has been around since when, 1998? And you still think that bitcoin is going to be adopted and used more than so many other payment methods that are out there?

When the the comes for bitcoin, it's definitely going to get adopted. Stop looking for when everybody in the world will be using bitcoin, just do what you like and stop looking at other people what they are doing and what they are not. If bitcoin is what's working for you and it's accepted fully where you're living, then you can make use of it.

[danggoron]

For me, it is also the best time to hold bitcoin, it is not only good as a payment tool for transactions but it is also good for a source of profit. Bitcoin is a reliable store of value just like Gold, the only difference is that bitcoin is a digital currency or asset and Gold is not. As recession is active and we are experiencing it right now, our economy will greatly affect those cryptocurrencies that we are using.
~

bitcoin growth potential is still very large so it is eligible to become an additional asset, and be a complement to traditional assets such as property, gold, shares, etc. especially this year more and more fundamental factors that can support the rising price of bitcoin in the future. But remember, we must do an analysis first, learn the right investments and strategies, do not FOMO, or you will only panic buy or sell that increasingly makes a big risk.

[Ronaldcoin2017]

For me, it is also the best time to hold bitcoin, it is not only good as a payment tool for transactions but it is also good for a source of profit. Bitcoin is a reliable store of value just like Gold, the only difference is that bitcoin is a digital currency or asset and Gold is not. As recession is active and we are experiencing it right now, our economy will greatly affect those cryptocurrencies that we are using.
~

bitcoin growth potential is still very large so it is eligible to become an additional asset, and be a complement to traditional assets such as property, gold, shares, etc. especially this year more and more fundamental factors that can support the rising price of bitcoin in the future. But remember, we must do an analysis first, learn the right investments and strategies, do not FOMO, or you will only panic buy or sell that increasingly makes a big risk.

Yes i agree on that before doing any investment we need to learn first all investment strategy. Because investing is really a risky way to earn we can loss a huge amount of profit or maybe funds if we dont know some investment strategy. I believe that investing is a good way to earn but it is not that easy to earn specially if we invest in crypto, because crypto is always high on volatility and its market is always moving it will always rise and fall that is why it really needs proper timing.

[FlightyPouch]

It's not the best time cause China is launching its governmental digital coin. That's it, guys. BTC will be the same as USD but digital and trackable. So no, it's not the fairytale time now for BTC

Bro, they are still in testing and it is said that it will be part of their preparation for the 2022 Winter Olympics in Beijing. And I don't know where did you get the info or maybe you can link it here that bitcoin will be trackable and the same as USD? Though I agree that it is not that best time to use bitcoin since the value of it is unpredictable so people would save it.

[chikading2016]

There are so many factors to be considered if this time is the best time for bitcoin, i think we need to look at the price,news,etc,.I believe that the bitcoin adaptation is very fast and in the near future bitcoin will become more useful and by that time the price of bitcoin will maybe rise up high and it will become more expensive.

[Shasha80]

I believe this is the best time for Bitcoin, because the corona virus spread is still ongoing. Bitcoin can be an option for financial transactions,
because using Bitcoin is quite simple and fast. Only requires mobile phones or laptops and an internet connection, we can prevent the spread of
corona virus. No wonder the price of Bitcoin is now rising slowly, the possibility of Bitcoin demand is indeed increasing. Indeed there are other
platforms such as paypal and online banking that are more popular, but now people are more comfortable with transactions using decentralized
currencies like Bitcoin.

[vermigerous]

I also think that it's pretty sure bitcoin would be one of the payment methods soon. Bitcoin adaptation is currently big in cryptocurrency, so i think this is possible for bitcoin in the future. But with this pandemic times, bitcoin is lame in the market, if this pandemic takes long, it is a good opportunity for bitcoin to invest with and earn in the future.

[Janation]

There are so many factors to be considered if this time is the best time for bitcoin, i think we need to look at the price,news,etc,.I believe that the bitcoin adaptation is very fast and in the near future bitcoin will become more useful and by that time the price of bitcoin will maybe rise up high and it will become more expensive.

The factor here is that since Bitcoin is not a physical currency, people should use it to be safe from the virus, that is what we need to consider.

As the OP said, it is really favorable for people to use Bitcoin since they don't need to go outside or they will not be risking themselves from the virus. The problem though is that people are using other methods. There are a lot of other methods to pay or send money without actually doing it physically, that is why we don't think it is not that best time unless it pumps.

[raidarksword]

It's always been the best time to buy bitcoin and adoption everyday is strong despite the pandemic crisis we are experiencing right now. Bitcoin got dumped during the start of the pandemic because of the panic but still bitcoin able to rise up to the occasion and proved weak hands wrong. It would be a nice gesture that cashless can help to stop the spread of the virus thru online transactions using bitcoin and it clearly one way to do it to stop the pandemic.

[rodskee]

I also think that it's pretty sure bitcoin would be one of the payment methods soon. Bitcoin adaptation is currently big in cryptocurrency, so i think this is possible for bitcoin in the future.

Big possibilities as there are already businesses who caters the used of bitcoin as a form
of their payment process.
If more and more big and small companies will start adopting this system it will bring the
hype and it will be recognized globally.

But with this pandemic times, bitcoin is lame in the market, if this pandemic takes long, it is a good opportunity for bitcoin to invest with and earn in the future.

Long holdings to maximized the profits if you have spare money to invest, knowing that there's
a big potential that new ATH will be achieved in the future.

[so98nn]

There are so many factors to be considered if this time is the best time for bitcoin, i think we need to look at the price,news,etc,.I believe that the bitcoin adaptation is very fast and in the near future bitcoin will become more useful and by that time the price of bitcoin will maybe rise up high and it will become more expensive.

The factor here is that since Bitcoin is not a physical currency, people should use it to be safe from the virus, that is what we need to consider.

As the OP said, it is really favorable for people to use Bitcoin since they don't need to go outside or they will not be risking themselves from the virus. The problem though is that people are using other methods. There are a lot of other methods to pay or send money without actually doing it physically, that is why we don't think it is not that best time unless it pumps.

But again we have big problem, the digital era!

I mean it's not like we only have bitcoin as contactless currency or way of transacting but we do have internet banking, Unified payment identification (UPI), wire transfers and all of them are capable making transaction as low as 1 bucks to any larger limit possible.

So again, we can go contactless with the hep of such payment solutions and bitcoin can be avoided. As far as I know businesses whether big or small will always carry forward with traditional payment system and may not even think about crypto currencies.

This is the truth & challenge for bitcoin usage. 

[klavyemaus52]

Bitcoin is not popular yet.

In my country almost everyone knows bitcoin's name but they don't know about it.

And i think it won't be soon we will need to wait for it.

[YOSHIE]

But my real question is isn't this best time for Bitcoin?

Bitcoin is not only at this time, it can be said that the best, from the very beginning created Bitcoin has made the world & humans become better.

It should be, the world must think of Bitcoin as one of the assets/transactions, sell/buy for now on the internet all over the world.
That's the name of the government: "not forbid and not order" for anyone who uses Bitcoin today, many countries do not apply special rules for users of Bitcoin.

The point; taxes, you know every country has the biggest income from taxes, if Bitcoin is officially taxed, maybe at this time, it can be said that Bitcoin is "worth using", this is the main thing why Bitcoin is now becomingdiscussion material in the World.

[btc78]

Bitcoin is not popular yet.

Not popular in what sense?because there are different meaning of popularization.

In my country almost everyone knows bitcoin's name but they don't know about it.

Are you serious about what you are claiming ?"That your country everyone knows about bitcoin?" even in most respected and advanced countries there are still people that know nothing about Bitcoin lol.

And i think it won't be soon we will need to wait for it.

We need to help bitcoin by promoting this and let people know about this specially those surround us.

[Savemore]

I also think that it's pretty sure bitcoin would be one of the payment methods soon. Bitcoin adaptation is currently big in cryptocurrency, so i think this is possible for bitcoin in the future.

Big possibilities as there are already businesses who caters the used of bitcoin as a form
of their payment process.
If more and more big and small companies will start adopting this system it will bring the
hype and it will be recognized globally.

But with this pandemic times, bitcoin is lame in the market, if this pandemic takes long, it is a good opportunity for bitcoin to invest with and earn in the future.

Long holdings to maximized the profits if you have spare money to invest, knowing that there's
a big potential that new ATH will be achieved in the future.

There are now business but the problem is it is only few so it cannot yet create hype in different community. Before, there are businesses accepting bitcoin as payment method but now they remove it and cash is only the way of their mode of payment. I ask them why, they said that the price is too volatile and they keep incurring losses that is why they let go the new system that they created. As long as there are business that are willing to accept bitcoin as payment, there is still high possibility that many people will be encouraged to use it.

[Oasisman]

Bitcoin is not popular yet.

Not popular in what sense?because there are different meaning of popularization.

In my country almost everyone knows bitcoin's name but they don't know about it.

Are you serious about what you are claiming ?"That your country everyone knows about bitcoin?" even in most respected and advanced countries there are still people that know nothing about Bitcoin lol.

And i think it won't be soon we will need to wait for it.

We need to help bitcoin by promoting this and let people know about this specially those surround us.

I can also say, Bitcoin ain't that popular yet, considering the fact that there are less than 10% of population in each country in the world who truly embraced cryptocurrency in general.
I have also stumbled upon an article about the Bitcoin adaption survey, and It says that almost 50% of Americans knew what Bitcoin is, but didn't have a single fraction of it, or didn't used Bitcoin even once. That guy you've quoted might be exaggerating, but yeah you're right, even in the 1st world countries, there are still people who know nothing about Bitcoin.
The process might take many years before we reach the 50% Bitcoin adaption globally.

[Magd solieman]

Italy has tried to do the experience of trading in Bitcoin instead of banknotes, but the matter faces some difficulties, but I see that the use of cryptocurrencies at the present time contributes significantly to reducing the number of infections with the virus, and that bitcoin also affected the humanitarian cases where a lot of aid was provided to countries affected by Before Blockchain I read this in the cryptocurrency news

[gamer4156]

Yes, this is a good time for Bitcoin. In order to invest in Bitcoin, people wait until the Bitcoin price is reduced. I don't think that there is no specific time for invest in Bitcoin. Before few years ago if you want to how position Bitcoin then you can get your ans. I would like to say this is the time to buy Bitcoin in future you will get profit from it.
 

[lumeire]

Bitcoin is not yet fully accepted and adopted in different countries. Also only limited store are accepting bitcoin as payments for good and services that's why it is not also the way to have a n easy transaction in terms of goods and services online. But i hope someday it will happen.

There are Crypto cards now a days which you can load up with your bitcoins and use at any shop that accepts cards or maybe even pair up with your PayPal wallet. So the problem of bitcoins acceptance is almost solved now, but the only disadvantage in this situation is that you have to pay a premium upon the conversion rates from bitcoins to cash and also the card company charges a regular fee from the card holder's account. We are still far away from direct acceptance of bitcoins in our neighborhood shops.

[Amel]

You can invest bitcoin whenever you want. There is no set time to invest in Bitcoin. Usually people wait when the price of bitcoin goes down and then they will invest in bitcoin. So it is better to invest in Bitcoin as soon as possible because once the price of Bitcoin skyrockets, you can no longer invest here. Of course you remember the end of 2017.