Are we on time to invest in Bitcoin?

[percare 3192]

This adoption chart can be a good indicator if we only had the real data as we don't know if 10% of the american households hold Bitcoin or just hold a few satoshi or perhaps nothing. 10% of americans means 30-35 million if I remember the population correctly. With 10% you can make a lot of moves, I think it may be some surveys that make it look too much, while it can easily be 1% of the americans that own Bitcoin instead.

[Marks33 535]

I don't think it is the right time to invest in Bitcoin because the current value of Bitcoin has rise up to $23,700 which will be very difficult for someone to make gain if he should invest in Bitcoin at this particular time. Even though there is possiblity that it's value might reach $30,000 by the end of this year.

[Msh9 84]

Yes, it is a suitable time. The currency at the present time is good and its price is very good. There is no objection to that.

[abohasnn9 2401]

Dear friend, we cannot determine the right time from our expectation, but we must analyze the trend of currency development in order to work with currency trading. I am Bitcoin always our return to an increase and its circulation always earns so it is a distinctive currency thank you

[Roan 2166]

With the development of technology and access to digital currencies, it is natural to find yourself looking for a real investment in this field, but you need a lot of experience to ensure yourself from a big loss.

The market is constantly volatile and no one can predict where the price will be tomorrow, so you have to experiment yourself and rely on monitoring the market and you will get success

[cryptovlek 2597]

We see today a difference from the past, it is companies that buy and Ceos that come out public and explain the benefits of Bitcoin. There is rising interest as we see in Google Trends but it will need some confirmation in the following months.

[Sykkuno 2887]

While we can have a very good idea of what is going on, and we are bullish for the long term, we still can't say that investing at $25000 is a great idea, as there is need to see what is going on first and if there will be a big correction first and see what Bitcoin will do, in my opinion if Bitcoin stays here for two three more weeks it will rise more.

This was for the short term but the chart here is about adoption that will require everyone to be using Bitcoin, something that can happen and everybody can have a few satoshi of Bitcoin on the side and use but probably when developments happen that will make Bitcoin less expensive to use, by lowering fees to a minimum.

[Mir Hamza 2888]

I think we should not invest in bitcoin at this time. The reason for this is that we have been seeing for a long time that the price of bitcoin has already increased to a great extent. As we talk, in the beginning of 2020, the price of bitcoin was not so much as now the price of bitcoin has reached almost $ 24000. That is why I do not think we should invest in bitcoins now because if we do this, then there may be market collapse anywhere and we lose. In my point of view it is not a perfect time to invest in bitcoin. 

[godislovefll 1880]

On 12/1/2020 at 3:20 AM, Jromz said:

This topic deals with whether is it convenient to invest in Bitcoin now, based on its current level of adoption. 

From electricity to internet and smartphones, the adoption of pretty much every technological development from the 19th century, interestingly fits in a "curve of adoption", which indicates an exponential rate in a "S" shape. In simple terms, the lower part of the "S" curve represents the initial phase of adoption of a new technology, which is naturally slow. The middle portion of the curve, is when adoption rapidly accelerates upwards to culminate in the upper portion of the "S", which marks the point where a new technology has been massively adopted. 

 

Where is Bitcoin in its adoption curve?

Data by financial consultants Cornerstone Advisors have revealed that Bitcoin has reached a 15 % of adoption in the US (image below) since its launch in 2009. This is a somewhat significant point because according to this concepts this is the precise point of the curve when adoption rate begins to accelerate towards 100 %, which according to Brian Estes (Off The Chain Capital) could possibly occur within ten years. 

 

Overall, this data would indicate that this is the right time to invest in Bitcoin rather than when its adoption rate experiences a rapid increase.

Even though these concepts indeed make some sense and Bitcoin apparently is fitting the curve so far (image below), we all now about the unpredictability of Bitcoin. Then the question is whether you would take an investment decision based on this kind of data?

 

 

Totally friend, over time this is more evident every day the btc will continue to grow, rising in price and I think that everyone is still in time to start investing in BTC because it is not too late yet, because I think there is a long way to go. part of the btc where in the coming months or years we see a BTC being accepted worldwide without so many restrictions and new companies joining this project.

[online123 992]

We will not be right on the bitcoin we are investing in now because the price of bitcoin is very high now. If we invest, we will face losses because the price may not go up anymore For this, now those who have bitcoin can sell it, then there will be profit and no one can do price prediction.

[susan8929 811]

Hello my friend. I consider this kind of data to be quite useful, but it cannot be a determining factor in making an investment, since it is necessary to investigate more variables and determine whether it will be profitable or not.
However, I do think that Bitcoin will continue to increase in price and adoption will be higher and higher. Although it is possible that there will be multiple corrections along the way as has already happened in the past.

[malik6314193 5449]

@Jromz You are right. It is not too much late and Most of people thinks that bitcoin will fall like it was in 2017. But i will say them that now situation is different from previous one. Now bitcoin is more famous and now big players are buying bitcoin so there is high support not like a bubble which it was in 2017.

[Sonia Ali 507]

In my view, we should not take any decision so soon that growing from any planet, wait so much. Want to see this group down now and when its  should invest in this 

[Chief executive officer band 681]

It's not truthful at hand may be a quantity of exceptions and not altogether the time it will be pull up but bitcoin has certain time to invest it at the acceptably time and all over again at hand are around era at what time an investment is not the healthy time everyplace it is proven sinful�� 

[Beryymark 126]

Investing in bitcoin now is risky but can be rewarding if done right.you need to do your research well and employ the best strategies however,you can consider in investing in stable coins but exercise cautions smaller altcoin are even more volatile than bitcoin.

[Angeln20 513]

I think if one is to go by the stated report which says "bitcoin has reached 15% adoption in the US"  and 15 might just be the way to a 100%, then it would be wise to invest now before it get too late.

[Arpit Gupta 581]

Actually, I do not think that there is a wrong or right time to invest on bitcoin. As now the demand and price is good jn the market so I think you should invest at this time. But yes you should not invest at that time when the price went down and not increasing.

[Rozy 1918]

Even the experts get some wrong predictions and you want us beginners to know for sure, I do not think that is possible , and this whole chart things and the lines and the candles I really do not think that they paly a great role in predicting the course of Bitcoin, what really matters is the whale wallets and their movement controls the whole market.

[Masterrex 559]

IMO,I believe it depends on two things. first which kind of investor you are belong? Second if you have enough money or capital to buy the Bitcoin with its current price, if you are just an average investors I may say its already late for you, because Bitcoin are too expensive now and the majority of us investors are just micro and small thats why its already late for us.  

Edited December 23, 2020 by Masterrex

[Ameralsamt 2558]

Yes, my friend, I think we are in the best time to invest bitcoin, because this is a great currency, and one of the oldest cryptocurrencies, which is currently one of the most valuable cryptocurrencies, the most traded and in demand in the global financial markets. 

[Yad hair 358]

This predictions are not always right and we never know what exactly can happen. Left to me I don't think there's a wrong time to invest in bitcoin the only time that will be wrong is when bitcoin has already attained a world adoption and the prices wont be increasing that much but now its a good time because the prices can rise at any time

[Fa19ba045 453]

On 12/1/2020 at 12:20 PM, Jromz said:

This topic deals with whether is it convenient to invest in Bitcoin now, based on its current level of adoption. 

From electricity to internet and smartphones, the adoption of pretty much every technological development from the 19th century, interestingly fits in a "curve of adoption", which indicates an exponential rate in a "S" shape. In simple terms, the lower part of the "S" curve represents the initial phase of adoption of a new technology, which is naturally slow. The middle portion of the curve, is when adoption rapidly accelerates upwards to culminate in the upper portion of the "S", which marks the point where a new technology has been massively adopted. 

 

Where is Bitcoin in its adoption curve?

Data by financial consultants Cornerstone Advisors have revealed that Bitcoin has reached a 15 % of adoption in the US (image below) since its launch in 2009. This is a somewhat significant point because according to this concepts this is the precise point of the curve when adoption rate begins to accelerate towards 100 %, which according to Brian Estes (Off The Chain Capital) could possibly occur within ten years. 

 

Overall, this data would indicate that this is the right time to invest in Bitcoin rather than when its adoption rate experiences a rapid increase.

Even though these concepts indeed make some sense and Bitcoin apparently is fitting the curve so far (image below), we all now about the unpredictability of Bitcoin. Then the question is whether you would take an investment decision based on this kind of data?

 

 

According to your post dear first I would like to say something.  The economics says that the risk is the main thing in the business if you can't control upon your feelings then you should not a business man and if you are braver then you should be a business man.  So good trader or investor always take risk. It is okay to say that when the price of coin at the high or we can say peak level then obviously it is profitable to invest and vise versa.  As the volatility in the prices are not easily predictable so we can't say that which time is the best to invest.  Thanks!

[Naseer Ahmad78 721]

In that business all the things are taken under observation,bit coin can collapse in future,its value may increase or go down,by doing this we should take a time and think with every aspect then we can invest,there is also possibility that we can get a loss but we should remain stable and move forward slowly,at last we will win.

[Jacky clark 368]

I think this is not right time to invest on bitcoin. We saw that in the beginning of November bitcoin price increase too much unexpectedly. But in the end it started to decrease and now it is increasing. So you should wait for a little bit of time when btc price down you can buy

[annayks 2314]

It can be a good time to invest but I can't say to someone to buy now. With price at 24,000 it looks that it can go more but a correction may be in place and I don't like giving advice to buy at all time high. I trade accordingly and since I bought very lower I had to sell some and take profit. This year was great and my hope it about the next one it will be similar.