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.
Well, there's no need to wait for the implementation to be successful before investing in bitcoin, because bitcoin is basically a self-developing coin. I think that El Salvador needs bitcoin, not the other way around. So far, many people like the use of bitcoin as a legal transaction tool there. it is also able to make changes in society in the future. besides, waiting for other countries to follow El Salvador's lead will only waste your time. right now so many big companies are lurking bitcoin as their medium of exchange, and I think they are also adopting, or will adopt bitcoin in the future.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 you believe in the future development of bitcoin, i think you should not wait for it, because when the price reaches $100k, and you don't have bitcoins in your wallet, chances are you will regret always waiting for the successful implementation of bitcoin in a country. look at the broader thing, the implementation of bitcoin really works on the internet, until big companies, even countries highlight it.