Topic: Bitcoin coins are losing popularity? - page 10. (Read 2979 times)

Compared to the time maybe late 2017 and early 2018 when the price of bitcoin reached at its highest, we can say indeed that it is not as popular and there is a decline of activities BUT this is not something negative for Bitcoin. In 2017, speculations abound for Bitcoin and although there is nothing wrong per se with that the thing is so much of something can make anything unbalanced and it was the same with Bitcoin. With lesser speculations, the better it can be for Bitcoin. Now, just because 1 Bitcoin seems to be now affordable it does not mean that anybody can not own Bitcoin since nobody will be refused to buy a portion of Bitcoin for some dollars.

The full potential of Bitcoin remains to be in the future and 10 years of Bitcoin is a short period of time to see the things it can do and contribute in the history of mankind. Now, you seem to be a little discouraged with Bitcoin and can be because you read some negative comments and analysis not favorable to this cryptocurrency but I am telling you don't listen too much to them as these don't know what they are talking about.

You better go with people who are enthusiastic on Bitcoin because this is the way to the future and you surely do not want to be left behind eating nothing but dust after our car has left, right?

I tend to agree, bitcoin become more popular because more countries are starting to adapt and accept bitcoin in most of the countries these days. They are starting to prepare for more crypto projects and some are starting to accept a certain popular exchange in some country. This will show us that its way is clearer than it is before. We can see that the track where bitcoin is moving now is expanded where it can reach more people than before.

I have to disagree with that. 1 BTC is higher now, but in the future could be much higher than your imagination. People need to convince themselves that you don't need to own an entire Bitcoin.. That is the sole reason why Satoshi Nakamoto created the sub-decimals. Recently I have given the following example on another thread in this forum: it is a fact that there are over 36 million millionaires in the world. If each one of them would want to buy 1 Bitcoin and hold it what would be the price of 1 BTC? Obviously at least $1M. But what if some of them want more Bitcoin and not just one, and take into consideration that 4M BTCs are lost. That would put us at a 17 million supply in circulation. What if countries around the world decide to add Bitcoin to the national reserves?

Hopefully you can see the potential in my model.

I think you need to set your mindset here, You always think of BTC as 1 full BTC.

Did you know that you can just start to invest or buy it as small portion and just continue to accumulate it overtime? And this is the reason why you think it's expensive in the first place, why not start like .01 BTC in the beginning and then if you have some extra money in your pocket you can buy small amount again? until you reach your goal of owning 1 BTC in your lifetime, sounds good?

Probably you mean bitcoin is silent right now but it doesn't mean bitcoin losing its popularity. Investors and traders are just being inactive because they might be waiting for the right time to come before they make a move. However, I gotta say that compared to the last year 2017 bitcoin is not that popular now probably because people are only there because it is a trend. Actually, there are some businesses that is now accepting bitcoin as payment so it basically means that bitcoin is still popular because a business will not invest in something that is not popular or no potential.

I disagree that bitcoins popularity is starting to fade. Actually I do believe that bitcoin is starting to gain more popularity all across the globe. There are even rumors that UNICEF is accepting bitcoins as a form of donation. Beggars accepting bitcoins as donations , even artists are now accepting bitcoin. There are already countries that are accepting taxes in form of bitcoin and companies accepting bitcoins as well as landlords  who are accepting bitcoin as payment for rent. If bitcoin really lose its popularity then there are lesser people who are now into bitcoin but its the other way around and that is reality.

Have you done a research to come out with a statement like that, have you look at this chart first before creating this thread
https://coinmarketcap.com/charts/ this is an irresponsible thread, posting without looking at the right stat, not because Bitcoin is not reaching your expectation you will say that it's losing it's popularity.

People can buy fractions of a bitcoin; like you don't need to buy one whole bar of gold if you wanted to hedge with gold.

Bitcoin is a lot less popular than it was in 2017 because the bubble has popped, and a lot of clueless investors already pulled away their money with a bad taste in their mouth. Hype cycles are a thing with bitcoin and cryptocurrencies, hence why it's less popular today. It doesn't matter though; all that matters is long-term adoption.

I won't totally concede to the believe here that bitcoin was popular in 2017 and that was why it got to the height it did back then. This is 2019, two years after, so I don't think so after we have had more adopters especially people that bought at the lowest  price early this year.

What I think happened this year is a correction of the unexplainable sky rocket of price in 2017 and not that people left the bitcoin space. We are just at the reasonable price of bitcoin that is leading us to more, stable and gradual highs.

Bitcoin is still popular and would still be popular even if coins popped out here and there. There's also the fact that Bakkt has recently reached an all time high trading volume, having a 796% increase of trades done. There's also the upcoming Q4 of the year where people are expecting bitcoin to reach around 10-15k so yup. Bitcoin is still popular, no lies there.

Bitcoin is still popular, Its not losing its popularity, people and other investors tend to go for other type of investment since its price suddenly drop after its pump since the last month. Those people are just waiting for the right time to invest again and once its price increases again, its to be sure that bitcoin will be the content of social media and many people will talk about it again.

We can say that Bitcoin is popular at times when its price goes up as was the case in late 2017 when Bitcoin was certainly front-page news in all media. It is a well-known thing that media shapes public opinion, so there is some truth in the fact that Bitcoin is less popular right now, except for those who understand that this is the right time to invest.

I personally have no doubt that history will repeat itself, and that Bitcoin will become popular at some point again. I agree that in some countries it is not easy to buy Bitcoin, in some, it is even forbidden. But what about all those people who still live without the internet? They have 0 chance to buy Bitcoin, or to even be a part of the digital age.

For everyone else, the saying goes, if there is a will for something, one can find a way to make it happen.

Bitcoin dominance this year is very high this year, I wonder what is the basis of your statement. Even if it is beyond the reach of ordinary people but it doesn't mean that we cannot afford it.

We can buy whatever amount we like, it's not like we need to buy 1 bitcoin or more. We can choose how much we like to stock or it can be your saving if you have spare money then you can put it in bitcoin and few years from now, you can see how much is your savings worth. 

Bitcoin is an online currency.  Even if started with a lower price.  Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.