More Investment to Bitcoin?

[kenskie]

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. 

[1714623775]

1714623775

[1714623775]

1714623775

[1714623775]

1714623775

[mk4]

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/

[BitMaxz]

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.

[noorman0]

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?"

-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.

[Coyster]

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.

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.

[The Cryptovator]

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.

[indo1]

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.

[Furious 7]

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.

[stompix]

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?

[avikz]

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. 

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.

[dothebeats]

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.

[bL4nkcode]

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.

[NeuroticFish]

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.

[Kelvinid]

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'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.

[Johnyz]

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. 

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.

[btc_angela]

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.

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. 

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.

[Baofeng]

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. 

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.

[crzy]

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.

[Yamifoud]

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.

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. 

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.

[arwin100]

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. 

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.