Pages:
Author

Topic: Are People Losing Interest with Bitcoin? - page 6. (Read 1070 times)

legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 24, 2019, 06:31:15 AM
#95
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. Wink

Very true, these are the newbies who have weak faith with bitcoin because they only invest in bitcoin because it can give big profits but with todays price that is sometimes bearish then they will loss faith in bitcoin. The only people whose with bitcoin are those who have been with bitcoin through thick or thin. Bitcoin is very volatile and that investors should know better.

I don't think this are only newbie selling, and all weak hands don't necessary means it consist of newbie's there are a lot of old timers who are weak hands as well, they sell at the slightest drop in price, you can easily tell this from what you read on telegram groups, you will see who are those complaining, some will claim they have held for more than a year+ yet they want to sell because the loss faith in the project already, this people aren't newbie, the situation in market is making everyone to be afraid.
Holders who lose their money and patience some might bought the token at the peak and after seeing that the value falls they quickly judge. They quickly jumped into the dumped ride fearing that they will lose more, though even there's people who are doing this there's also some that still
standing optimistically, believing that everything will be back to the bullish momentum.

It's the investors own outlook, it's not generalize to every people who are inside this market.
member
Activity: 1260
Merit: 21
October 24, 2019, 06:26:16 AM
#94
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. Wink

Very true, these are the newbies who have weak faith with bitcoin because they only invest in bitcoin because it can give big profits but with todays price that is sometimes bearish then they will loss faith in bitcoin. The only people whose with bitcoin are those who have been with bitcoin through thick or thin. Bitcoin is very volatile and that investors should know better.

I don't think this are only newbie selling, and all weak hands don't necessary means it consist of newbie's there are a lot of old timers who are weak hands as well, they sell at the slightest drop in price, you can easily tell this from what you read on telegram groups, you will see who are those complaining, some will claim they have held for more than a year+ yet they want to sell because the loss faith in the project already, this people aren't newbie, the situation in market is making everyone to be afraid.
full member
Activity: 938
Merit: 105
October 24, 2019, 03:25:15 AM
#93
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. Wink

Very true, these are the newbies who have weak faith with bitcoin because they only invest in bitcoin because it can give big profits but with todays price that is sometimes bearish then they will loss faith in bitcoin. The only people whose with bitcoin are those who have been with bitcoin through thick or thin. Bitcoin is very volatile and that investors should know better.
hero member
Activity: 1078
Merit: 507
October 24, 2019, 02:09:40 AM
#92
2017 was a bullish year which was more of a fad. At that time many new people came in crypto owing to the hype which created an euphoric reaction. The popularity was the highest at that time which went quite low in 2018. But in 2019, the popularity geared up. If you follow the Google search chart and frequency for BTC and per day transaction chart, you will see that they have come to the same level as that of 2017. So, BTC isn't losing popularity.
sr. member
Activity: 1050
Merit: 277
October 23, 2019, 08:16:15 PM
#91
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. Wink

They must get out of the game early and never return. Leave the crypto for us. Silly fiat slaves.

Some people are losing interest because of low price and also to its biggest downfall. But there are other people who are still believing that it will rise again and make the best out of it. Different perception are really present but no one could ever say what the future could bring

I think most of us will agree the future is broght for bitcoin. We do support it after all. It cant not go up in a few years. That just wouldnt make any sense to me.  People hear only when something is doing well.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
October 23, 2019, 02:32:31 PM
#90
Whenever there is big increase in the price of bitcoin it reaches the eyes of common people. Suddenly looking at the price itself they have a positive feeling on bitcoin. This means people are getting interested on bitcoin looking over the good that has taken place with relevance to bitcoin. If people have lost interest on bitcoin, now the market couldn't have experienced such a growth as now.
sr. member
Activity: 1176
Merit: 301
October 23, 2019, 01:13:26 PM
#89


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?

The difference between that time and now is back then Bitcoin is being hype,
People are making noise to attract new investors and now there aren't so many new investors and those newbie's who invested back in 2017-2018 I guess most of them actually left already due to the huge lost.
People didn't actually lose interest I think the market has been cleaned from the weak hands and ambitious people who thought that Bitcoin would make them instantly rich,
But reality hit them real hard and now most of them left the market.
full member
Activity: 1093
Merit: 103
October 23, 2019, 12:29:13 PM
#88
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.
How to know people losing interested with bitcoin and altcoin, they look enjoy investing with bitcoin as investment for the future. Just today bitcoin back to lower price and drop to $7,5k. Very cheap price last than six months of bitcoin today, will be moment for bitcoin reached to higher price above $20k or bitcoin want to back under $2k, nice for waiting what will happen with bitcoin at least this year.
I think that a good indicator today is a clear decrease in the capitalization of the entire cryptocurrency market.  Of course, you might think that many cryptocurrency users sell cryptocurrency and withdraw their funds to Fiat, but to some extent, speculators who, thanks to manipulations in the cryptocurrency market, earn cryptocurrency and convert it to dollars, thereby not caring for the future and reducing the capitalization of the cryptocurrency market  .  But nevertheless, if we compare the indicators of the highest-rated cryptocurrencies, Bitcoin and Ethereum at the end of 2018, with the indicators for today, then I am sure that these indicators say very differently, that a fairly large number of people are still interested in cryptocurrency.
sr. member
Activity: 2100
Merit: 309
October 23, 2019, 11:47:32 AM
#87
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.
How to know people losing interested with bitcoin and altcoin, they look enjoy investing with bitcoin as investment for the future. Just today bitcoin back to lower price and drop to $7,5k. Very cheap price last than six months of bitcoin today, will be moment for bitcoin reached to higher price above $20k or bitcoin want to back under $2k, nice for waiting what will happen with bitcoin at least this year.
member
Activity: 176
Merit: 10
October 23, 2019, 11:40:03 AM
#86


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?

Actually the people who joined bitcoin merely to mint some quick money out of it created a lot of buzz around this period but now have exited the market this makes it look like people have lost interest but this isn't the truth actually. Still the real adopters and acceptors are actually using it regularly. Even if you say this number isn't increasing it isn't decreasing either.
Here is the simple answer, the cryptocurrency market is not booming this year that is all. People always want the market where they can make lots of money fast in either the stock market, the gold market, the silver market, or the cryptocurrency market. People are just looking for where to get money fast and nothing more.    
hero member
Activity: 2114
Merit: 619
October 23, 2019, 11:28:39 AM
#85


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?

Actually the people who joined bitcoin merely to mint some quick money out of it created a lot of buzz around this period but now have exited the market this makes it look like people have lost interest but this isn't the truth actually. Still the real adopters and acceptors are actually using it regularly. Even if you say this number isn't increasing it isn't decreasing either.
legendary
Activity: 1568
Merit: 1002
October 23, 2019, 10:33:20 AM
#84
I don't agree that people are losing interest for Bitcoin. Those who are only looking for fast profit will maybe give up soon but still I think that Bitcoin now already has respectable community. Maybe it's not so much in focus because the price isn't spectaculary high but loyal, constant community exist and it's spreading further, of that I'm convinced.

right, people who have received many good benefits from bitcoin will not lose their interest to stay, those who lose interest are only those who only take advantage of the situation to get fast profit by becoming FOMO in a bullish year, but some of them are trapped because of FOMO itself. so we cannot assume that bitcoin is declining because an interest has disappeared from many investors, this decline is just a cycle and the trend is very strong for the bear market to continue
hero member
Activity: 2716
Merit: 552
October 23, 2019, 07:00:15 AM
#83
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.
Regardless of that statistics you are talking about, I think people are not losing interest in Bitcoin it's just that they are waiting or hodling. Waiting as much as possible because they know that the bull is out there waiting to be released. And we people just like you said are getting along with the momentum. Waiting for the perfect opportunity to strike and sell HIGH. Grin

That's what I wanted to point out.
The market situation nowadays is just fine, Im not seeing any signs of huge number of people become suddenly disinterested in investing to cryptocurrency. 
Since you mentioned about the bull run, I am 80% sure that it will occur in the last quarter of the year 2020. Yeah, I'm talking about the bitcoin halving in 2020. Following the trend from the last 2 halving happened in 2012 and 2016, It seems that the bullrun happened a year after the halving. So, to make things short, in 2021 we will see the long term effect of the bitcoin reward halving.
hero member
Activity: 3010
Merit: 666
October 23, 2019, 06:27:24 AM
#82
Some people are losing interest because the price of bitcoin is not moving upward like what happened on bull run 2017. That year many investors bought at peak price due to the crypto hype, majority of coins are soaring high thus we earn. But it didnt last long and bitcoin plunged to $3500 until finally the price recover slowly this year.

I think many of us are just waiting silently and monitoring the market if there's a changes. Newbies are the ones who lose interest because they dont know much about bitcoin unlike those old investors that knows how bitcoin works.
Even if they are losing interest but for sure they are not completely losing interest.
Just like the current market now which is pump and dump, people are also just going in and out but those who stay, been here in good times and bad times will definitely understand and trust crypto even if it struggles now.
hero member
Activity: 3010
Merit: 629
October 23, 2019, 12:06:32 AM
#81
Some people are losing interest because the price of bitcoin is not moving upward like what happened on bull run 2017. That year many investors bought at peak price due to the crypto hype, majority of coins are soaring high thus we earn. But it didnt last long and bitcoin plunged to $3500 until finally the price recover slowly this year.

I think many of us are just waiting silently and monitoring the market if there's a changes. Newbies are the ones who lose interest because they dont know much about bitcoin unlike those old investors that knows how bitcoin works.
sr. member
Activity: 1778
Merit: 309
October 22, 2019, 11:38:15 PM
#80
I think there are a lot of people who are losing interest in bitcoin. And I think that is because of the current situation of the prices. They don't think it is profitable enough that is why a lot of people are dumping their funds and just quit entirely.

Depite of this situatuon where crypto market price isn't appealing to our eyes, those that really understand the cryptocurrency will not lose their passion on what they are doing. They are already used to the systems and patterns of events that usually happens when the price decreases. In this regard, we can say that users who lose interest in crypto or bitcoin didn't find the potential of the coin.Not just in market price, but also in other aspects that can help them in their lifestyle paricularly in daily transactions.
Precisely, those who have faith and saw what Bitcoin capable is the true followers and those who quit after the downtrend are the people who only go for profit. Basically, people tend to lose their interest because of the downtrend and we cannot blame them. As true follower we should keep investing on it so that we can obtain its previleges.
last 2017 is a great year for the entire crypto market, people are to curious and much interest to get involve in Bitcoin. The price is really attracting investors/traders in those days but something it change by now and some of us quit. Isn't surprise that people turn their heads down and become hopeless cause they always keep in mind of bullish again which we never experience this year. 
sr. member
Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
October 22, 2019, 10:33:44 PM
#79
I think there are a lot of people who are losing interest in bitcoin. And I think that is because of the current situation of the prices. They don't think it is profitable enough that is why a lot of people are dumping their funds and just quit entirely.

Depite of this situatuon where crypto market price isn't appealing to our eyes, those that really understand the cryptocurrency will not lose their passion on what they are doing. They are already used to the systems and patterns of events that usually happens when the price decreases. In this regard, we can say that users who lose interest in crypto or bitcoin didn't find the potential of the coin.Not just in market price, but also in other aspects that can help them in their lifestyle paricularly in daily transactions.
Precisely, those who have faith and saw what Bitcoin capable is the true followers and those who quit after the downtrend are the people who only go for profit. Basically, people tend to lose their interest because of the downtrend and we cannot blame them. As true follower we should keep investing on it so that we can obtain its previleges.
sr. member
Activity: 966
Merit: 274
October 22, 2019, 10:15:20 PM
#78
I think there are a lot of people who are losing interest in bitcoin. And I think that is because of the current situation of the prices. They don't think it is profitable enough that is why a lot of people are dumping their funds and just quit entirely.

Depite of this situatuon where crypto market price isn't appealing to our eyes, those that really understand the cryptocurrency will not lose their passion on what they are doing. They are already used to the systems and patterns of events that usually happens when the price decreases. In this regard, we can say that users who lose interest in crypto or bitcoin didn't find the potential of the coin.Not just in market price, but also in other aspects that can help them in their lifestyle paricularly in daily transactions.
member
Activity: 168
Merit: 10
October 22, 2019, 04:55:33 PM
#77
During the 2017 cryptocurrency market bull run, many people are into cryptocurrency for the money - easy money. Since the market crashed in 2018 there is not to much make in the market. If you look at the cryptocurrency market you can see the majority of coins are altcoins and this year 2019 is going hard on altcoins. In reality, people need huge bull runs in the market and without it, the people will lose interest.
hero member
Activity: 2184
Merit: 531
October 22, 2019, 01:47:22 PM
#76
Other people are just going for bounty and not for crypto curency. As a result, the bounty scam has weakened and people have gradually lost interest with the bounty! So the only left is anyone who knows crypto and is here for crypto and not just the bounty or the money that can be earned here.

WTF are you talking about. Bounties are an altcoin thing and OP was asking about losing interest with Bitcoin. You didn't even read the title of this thread yet you have answered some shit to get paid for posting. Shame on you!

People aren't losing interest and the uptrend we've faced a few months ago is a proof that i'm right. We went from 4 to 14 thousand dollars. Is that a loss of interest to you? Not many traditional assets have bull runs like that in their whole lives.
Pages:
Jump to: