More Investment to Bitcoin?

[Oceat]

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.

[Fundamentals Of]

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.

[Poker Player]

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. 

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.

[Kong Hey Pakboy]

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.

[YOSHIE]

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.

[ILuckyGuyI]

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.

[michellee]

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. 

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.

[Kittygalore]

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.

[geegaw]

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

[adzino]

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. 

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.

[sana54210]

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.

[Lanatsa]

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.  

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.

[Fundamentals Of]

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.

[traderethereum]

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. 

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.

[lienfaye]

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.

[Taskford]

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.

[Lucius]

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. 

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?

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

[Questat]

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. 

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.

[Silberman]

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. 

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.

[jakdanyel]

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.