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Author Topic: Isn't this the best time for Bitcoin?  (Read 1298 times)
TitanGEL
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July 13, 2020, 12:02:07 AM
 #81

I do not recommend to buy bitcoin whenever you want because it is not suitable for all types of investors and traders. There are traders who usually waiting for the dip because they know that they can buy more bitcoin whenever the price is going down. The best time to buy bitcoin is still depends on who are you and what kind of personality does you have. Do not also expect that the price of the bitcoin will go skyrocket so easily because there are a lot of major resistances. It is funny because most of the expectation of the people are too high when it comes to the price of the bitcoin. They keep predicting but they do not really understand the price action and the trend of the bitcoin.

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bithisach
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July 13, 2020, 02:16:57 AM
 #82

Aftere halving I think that the price of Bitcoin will grow because Bitcoin has a lot of users and a very develop ecosystem. So I think that in future the popularity of Bitcoin will grow.

Be honest, you only think it'll grow because it has done so every single time halvings have happened in the past. And that's okay, it's my thought process as well Tongue, things might not just look brighter in the future, there will be dark times, what's important is how we deal with these difficult times, so that we can reap the benefits later down the line.
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July 13, 2020, 05:05:40 AM
 #83

I don't think so, bitcoin is yet to be accepted in many countries. Also, there are already a number of ways on how you can do transactions without using fiat. People are already having transactions online through the use of online services such as Paypal, I don't think that people will just use bitcoin because of the said reason.



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July 13, 2020, 05:27:28 AM
 #84

The best time to buy bitcoin is still depends on who are you and what kind of personality does you have.
Well, you have a good point in a sense that investors must have an aligned interest to crypto. If you are just the typical kind of investor that only cares on having profits, nothing more and nothing less, and don't have any interest in this geek stuff then most probably you won't succeed or do not find any fulfillment at least.

However, I do believe that if you really like something you will exert effort to know that thing very well. Like me, I am not into technologies to be honest. But since crypto gives me profits, I learned to love it and get to know more about it along the road Smiley.
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July 13, 2020, 07:51:45 AM
 #85

I do not recommend to buy bitcoin whenever you want because it is not suitable for all types of investors and traders. There are traders who usually waiting for the dip because they know that they can buy more bitcoin whenever the price is going down. The best time to buy bitcoin is still depends on who are you and what kind of personality does you have. Do not also expect that the price of the bitcoin will go skyrocket so easily because there are a lot of major resistances. It is funny because most of the expectation of the people are too high when it comes to the price of the bitcoin. They keep predicting but they do not really understand the price action and the trend of the bitcoin.
Yeah it is right, it is not good to rely our buying decision just because the price of the bitcoin has a history of skyrocket movement on 2017.  People are mostly says that if "you buy bitcoin today, it is an easy profit and it is a way to become rich." Nope it is not and it is part of the poor mindset because it can be called as get rich quick mentality which is bad for our mind because it makes a weak trader.

If we will buy bitcoin, make sure that we have plan. Plan on what? plan where will be our entry price, plan where will be our invalidation level and plan where we want to sell it. What I said is just a basic and there is still a lot of factor to consider when we will buy bitcoin.
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July 13, 2020, 08:00:08 AM
 #86

The cashless transaction has increased over the past few months compared to the previous year. At the same time there is not much of usage in bitcoin, which means the usage of payment apps and other form of cashless transaction has increased high. The price of bitcoin seems to be stable above $9000 for the past few months with fluctuations happening within limited price margin.

In this way for investors who prefer to make some earning out of the fluctuation it is the right time for bitcoin based earning.

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July 13, 2020, 09:12:49 AM
 #87

This is a general time for Online payments, not specifically for Bitcoit. Although Bitcoin will gain more followers at this time as many will switch to cashless transactions so as to reduce the widespread of the virus.. But since there are other means of online payments already inexistence, you can not say it is time for Just Bitcoin.
Sooner Bitcoin will gain global adoption and I must say it won't be aid by such circumstance as pandemic.

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July 13, 2020, 11:50:04 AM
 #88

The cashless transaction has increased over the past few months compared to the previous year. At the same time there is not much of usage in bitcoin, which means the usage of payment apps and other form of cashless transaction has increased high. The price of bitcoin seems to be stable above $9000 for the past few months with fluctuations happening within limited price margin.

In this way for investors who prefer to make some earning out of the fluctuation it is the right time for bitcoin based earning.

I agree with you that it is right time for Bitcoin based earning. I think it is the perfect time for using Bitcoin payment on our daily life. You mentioned that, last few month cashless transaction has increased. so, if we promote BTC more and if every online shop accepts payments on Bitcoin, then I think it will be a great achievement for us. so, it is the perfect time for promoting and investing on Bitcoin. I hope if we promoting Bitcoin, within a few years all the renowned shop will accept Bitcoin payment.

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July 13, 2020, 01:25:39 PM
 #89

The more we invest in Bitcoin the more its demand will increase This will start the introduction of Bitcoin all over the world The government of every country will support Bitcoin This may be the best time for Bitcoin because Future Dani says the price of Bitcoin will go up. After Halving came the price started going up a lot Now if we hold Bitcoin we will make a lot of profit in the future This will increase the demand for the crypto market.
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July 13, 2020, 01:54:12 PM
 #90

The cashless transaction has increased over the past few months compared to the previous year.
As what we expected due to the spread of this pandemic, you can actually see it without even looking for data.

At the same time there is not much of usage in bitcoin, which means the usage of payment apps and other form of cashless transaction has increased high. The price of bitcoin seems to be stable above $9000 for the past few months with fluctuations happening within limited price margin.
I have to agree, what I see mostly now is the usage of digital payment processors and not the cryptocurrency, also as what I've expect. Most of us anticipated that there will be a vast usage of crypto due to the pandemic since everyone is preventing to get infected by physical contacts but that's not the case for crypto, we haven't established it yet so we are not prepared to use it yet, and I think even if we did so, people will still use the stuff provided by the government, the safe one.

In this way for investors who prefer to make some earning out of the fluctuation it is the right time for bitcoin based earning.
Hmmm as the price is at a certain range for quite long time now, it is convincing for every investors to invest now.

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July 13, 2020, 11:19:14 PM
 #91

From my point of view it's not the best time for bitcoin, it's not even a good time for economies in general as people are running out of money and many are already having difficult to buy the basics, like food. Bitcoin is the last thing they will think about for now.
And to say *digital cash* is preferable as we want to avoid infected paper money isn't a very good argument to make people use crypto currency, because there are also digital money option when using local currencies, so no big deal in using bitcoin from this perspective.

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July 14, 2020, 10:58:45 AM
 #92

Sadly, the world is in a state of islolation, probably the first time ever?
yeah this is the first time that the whole world is in isolation and the very first experience of Human race.
Quote
But my real question is isn't this best time for Bitcoin? 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.

Stay safe, Stay home
Thank you.
Actually this is what supposed to happen but the problem is the world is not yet ready for adoption.
Paypal has been used constantly this pandemic but Bitcoin does not,though there are many topic that talks about the increase of Bitcoin searching in  Google but seems this is not enough to make the prices Move up that big.
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July 14, 2020, 11:19:48 AM
 #93

Sadly, the world is in a state of islolation, probably the first time ever?
yeah this is the first time that the whole world is in isolation and the very first experience of Human race.
Quote
But my real question is isn't this best time for Bitcoin? 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.

Stay safe, Stay home
Thank you.
Actually this is what supposed to happen but the problem is the world is not yet ready for adoption.
Paypal has been used constantly this pandemic but Bitcoin does not,though there are many topic that talks about the increase of Bitcoin searching in  Google but seems this is not enough to make the prices Move up that big.

It is right. As long as people don't encourage to use bitcoin, bitcoin will not be used for the payment system. Besides Paypal, people already know another digital money which I am sure that is available in many big countries. The government wants to reduce the use of physical money by using that digital money. They will use another option because many people still don't know about bitcoin.

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July 14, 2020, 11:36:50 AM
 #94

Now there are many options for conducting financial transactions digitally to avoid the spread of COVID-19. And one of them
Bitcoin can be used for payments, but there are still few people who use it because of its volatile price. So many more people
choose to use online banking. But regarding investing now is the right time to invest in Bitcoin, because the volatile price can
be used to generate profits. Especially now having to work at home and also the unemployment rate continues increased,
becoming the right time for Bitcoin as a source of income.

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July 14, 2020, 03:34:58 PM
 #95

Sadly, the world is in a state of islolation, probably the first time ever?

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

Stay safe, Stay home
Thank you.

Yes, as a crypto lover i always agree with you but it would not be because maximum government yet not accepted digital currency so how how you changed the payment method in 3/4 months? But happy news that in this isolation time more people engaged with digital currency and it has been more popular that will help the crypto to go long run.
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July 14, 2020, 07:27:01 PM
 #96

So, on dips continue buying it and with the current market mode it seems stabilised above 9200$. So, one spike from here and we will cross 10k it seems now.
Everyone is waiting and expecting the price of bitcoin to spike and i am much worried about the economic situation globally and when we will see the cracks in the market and if we see that cracks before the bitcoin rally then it will affect the entire cryptocurrency market as well and if the economy can stand strong till the rally then we are on the safe zone in terms of a rally.
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July 14, 2020, 09:08:34 PM
 #97

So, on dips continue buying it and with the current market mode it seems stabilised above 9200$. So, one spike from here and we will cross 10k it seems now.
Everyone is waiting and expecting the price of bitcoin to spike and i am much worried about the economic situation globally and when we will see the cracks in the market and if we see that cracks before the bitcoin rally then it will affect the entire cryptocurrency market as well and if the economy can stand strong till the rally then we are on the safe zone in terms of a rally.

Nothing can really be assured on what would happen in near future but we can presume in that when economic state is heavily damage then its normal for us to think that it will affect other markets as well
yet this would disrupt out the money flow nor even the confidence of investors itself yet they will surely pull off on their investment for the sake of their survival if this pandemic do becomes even more worst
on upcoming months to come.For now we dont have any choice but to wait up on what would be the next move into bitcoin and prepare yourself neither for some sell-off or buybacks
neither of the two since we do only have two options to take and two possible movements that it would make.

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July 14, 2020, 11:23:46 PM
 #98

Sadly, the world is in a state of islolation, probably the first time ever?

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

Stay safe, Stay home
Thank you.

Well not everyone one uses cryptocurrency yet, atleast the population of the world that uses bitcoin isn't as much as those that doesn't. I believe by now everyone would have understood that the pandemic dosen't really create a boom opportunity for the bitcoin as the whole cryptocurrency market is a volatile one that trives majorly when the world is in good condition and not crisis. I assure you that people shifted to the usage of mobile bank apps for their daily transactions since the lockdown is still at large in many places
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July 15, 2020, 06:17:29 PM
 #99

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.
All time is the good time till it is not a falling market. Bitcoin has an ability to bounce and recover as well. Now time is something which is not known so it can be short to long term you may have to hold it to make profits. So, on dips continue buying it and with the current market mode it seems stabilised above 9200$. So, one spike from here and we will cross 10k it seems now.
The possibility of the bitcoin market to grow anytime is a reality and those who have bought bitcoin before now had made more profits from their boughts. Bitcoin on a long-term will be the best for anyone in this industry, most beneficial aspects of Bitcoin is the investment mode than the trading means. This year is the best year to buy some handful bitcoin for stash because the bitcoin market will skyrocket next year 2021.

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July 16, 2020, 01:12:53 AM
 #100

Sadly, the world is in a state of islolation, probably the first time ever?

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

Stay safe, Stay home
Thank you.
yeah, viruses can be contagious through cash and the only safe way in daily transactions is to use Bitcoin. but most people in this world still don't know the function of Bitcoin or this digital currency because Bitcoin is still taboo in the eyes of the people (for example in the neighborhood where I live). this is the best time for Bitcoin for people who know about Bitcoin and for those who don't know they keep to won't use it.

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