Topic: Are People Losing Interest with Bitcoin? - page 10. (Read 1070 times)
I think not. I did not notice anything like this, on the contrary, more and more people are interested in bitcoin.
this is rather like asking:
"are people losing interest in good investments?" or "are people losing interest in trading?"
what do you think the answer is, OP?
"are people losing interest in good investments?" or "are people losing interest in trading?"
what do you think the answer is, OP?
The interest in bitcoin comes with the price, whenever the price increase so does the interest and vice versa.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never leave bitcoin even after some crashes.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never leave bitcoin even after some crashes.
To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!
Losing interest even participating in bounties are signs that you are lack of knowledge about crypto. many are still believing that bitcoin and other crypto currencies have potential in future. if you are still learning you might discover a thing that you want to know. even big investors are still learning and good side about that they earning a lot because they know the movement of all in crypto. so dont stop learning keep improving.
Those who economically don't understand that Bitcoin is likely to grow and gradually take over economic activity, tend not to think of things as a whole system. They don't follow concepts to their logical conclusion by saying "If everyone did this, then...", because they think of these things as useless and too unrelated to their life. It will never affect their ability to go home, play some random clicker game or watch a sporting event or Netflix. they will switch to Bitcoin when their bills start to charge bitcoin, and reject dollars; until then, they think it's a joke or an Internet play money.
They are also not programmers so they see no benefit to a currency that can be automatically verified by a software program. They don't understand how the Internet developed and why, or personal computers, so they can't imagine that in a very short time, exponential growth of technology could mean robots and software agents using Bitcoin could be the only way anything is done. OR they don't care.
They are also not programmers so they see no benefit to a currency that can be automatically verified by a software program. They don't understand how the Internet developed and why, or personal computers, so they can't imagine that in a very short time, exponential growth of technology could mean robots and software agents using Bitcoin could be the only way anything is done. OR they don't care.
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There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018.
Public awareness and hype tend to follow the price, so of course they were at their height in 2017. The same phenomenon happened after the 2013 bubble ended -- public interest plummeted along with the price.
There will be lots of renewed interest if/when Bitcoin is trading at $20,000 and above. Then the media hype cycle will begin again.
People are not losing their interest in Bitcoin, there are still many holders but some are just weak and do panic.
Doing bounties is still profitable, The problem is just that most hunters are joining bounties without even studying and do research on it.
I am still earning from bounties like on the signature i am wearing now.
To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!
Doing bounties is still profitable, The problem is just that most hunters are joining bounties without even studying and do research on it.
I am still earning from bounties like on the signature i am wearing now.
Many people were on Bitcoin only for fast big gains on their accounts. But when they have seen that it can go on the other way and liquidate them they got frightened. But still the infrastructure for trading bitcoin is being built up by the big dogs. Look at Bakkt and CMEs. Adoption is slowly increasing, but we need to focus much more on educating people about Bitcoin and cryptocurrencies so they actually embrace it instead of looking with doubt. Everything new in this world will be looked at with skepticism, but that doesn't mean it is not an amazing thing that could change the world for better.
There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow. Is this something we have to accept or should we do something about this?
Without me citing statistical mumbo jumbo and just using my own analysis, in many ways people are losing interest with Bitcoin and cryptocurrency but don't get me wrong as this can just be a natural occurrence especially after the 2017 ATH and not really alarming. Expecting that anything can continue growing in terms of popularity is insane and as you said there will always be plateau.
What is important to me is that Bitcoin is fundamentally healthy and that steadily there is a good growth on its adoption. There will always be problems along the way and these can be affecting how some people are viewing and using Bitcoin and we can expect some to come and go. There are many forces in the market that we can never control and people's attention and interest is one of them.
especially if we compare today with the days of 2017 and early months of 2018.
That should come as no surprise to you, since bitcoin was going crazy for most of 2017 and big gains tend to translate into lots of interest. Interest might be taking a break for the moment, but that's just it...it's temporary. There has been crazy amounts of enthusiasm for bitcoin for the past 10 years and you can't expect it to be like that all the time. There are going to be times in the market where things are very quiet and when it seems like investors aren't interested in bitcoin or the altcoin market. Then when things start to look their bleakest, boom! The market starts to go into overdrive and what seemed like lost passion returns with a vengeance.
The bottom line is just to hold on and wait for better times, because they're coming.
To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!
The next big goal to achieve the success in crypto is to transform the enthusiasm in bounty hunting into the enthusiasm in utilizing crypto by means that it should be used. Basically bounty hunting is good for a project but what might happen when bounty hunters becomes a trader is much more beneficial for the cryptocurrency space. Mostly, bounty hunters job is to earn and sell ahead, they can hodl a bit then focus more on trading since as you said so, bounty isn't that worthy at this time.
To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!
Crypto markets including Bitcoin's may have suffered a downward trend for several months now but I don't think people are losing interest in it. In fact, the Government's of world's largest economies have started to take these things seriously and started to take reviews and discussions on its implications over its possible adoption and integration on its economy.
Interestingly, the number of Bitcoin transactions and wallets created have been on a steady increase for several months indicating a surge in activity which could be an indicator of a rising interest over the cryptocurrency.
Interestingly, the number of Bitcoin transactions and wallets created have been on a steady increase for several months indicating a surge in activity which could be an indicator of a rising interest over the cryptocurrency.
I think theres a statistics about how many times Bitcoin and cryptocurrency was mentioned in any social media platform. That's one way to identify whether we're lossing interest from the people or not. I just don't know how they come up with those numbers.
However, Downtrend doesn't mean we're lossing people or interest. Investors and traders was just getting along with the momentum.
However, Downtrend doesn't mean we're lossing people or interest. Investors and traders was just getting along with the momentum.
yeah, newbie weak hands are leaving bitcoin handing over their small amount of bitcoin to others who understand the true purpose of bitcoin, at a discount just to try and buy it back a couple of months later at a much higher price. 
There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow.
Is this something we have to accept or should we do something about this?
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