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Topic: Bitcoin coins are losing popularity? - page 7. (Read 2979 times)

sr. member
Activity: 2506
Merit: 368
October 12, 2019, 06:22:46 PM
#73
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.
You may say it for now because you haven't seen the most worst part but at least the price is still higher than it was in the bottom. Once Bitcoin started to skyrocketed to the moon you may change your perspective. I think you haven't here before to know that this kind of losing part is just normal since it is a free and open market there is still a possibility that the price would change in the future especially when the halving part comes in.
sr. member
Activity: 1148
Merit: 251
October 12, 2019, 05:59:32 PM
#72
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.
Bitcoin is not losing the popularity if you see and hear they always waiting what will be the price of bitcoin. It's more popular now because some of are willing to accept bitcoin willing to use of every individual , country and so on. So I think what you said is not accurate news that bitcoin is losing the popularity because bitcoin is still popular.
hero member
Activity: 2184
Merit: 531
October 12, 2019, 04:15:08 PM
#71
Now its value is beyond the reach of ordinary people.
Nonsense! You can buy as much of it as you want. 10 years ago you could spend 100 dollars to buy bitcoin and now you can still spend 100 dollars and buy bitcoin.

Quote
But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries.

No. Bitcoin is popular in Venezuela and India. These are low income countries. You're making it up or do you have an article or survey to support it?
full member
Activity: 952
Merit: 107
October 12, 2019, 03:23:30 PM
#70
Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.
Maybe it is not what to called losing of popularity but people lie low in using bitcoin because of low price. Some focus on earning it without investing while others trying to take risk of investing in every little amount. Bitcoin is not losing popularity but recognizes the uses and benefits from it as a currency.
hero member
Activity: 1974
Merit: 502
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October 12, 2019, 02:37:25 PM
#69
Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.

Th price always matter after those series of dumps occurred in bitcoin marketplace, we can't control those situations that may arise. Because of its popular image since it begun to have legit adoption in several countries around the world, most businesses were now starting to implement digital currency payment system that uses blockchain technology. It has made the transaction more efficient and fast without any sort of delays, in order that it could provide their customer satisfaction guaranteed.
sr. member
Activity: 1036
Merit: 275
October 12, 2019, 02:03:10 PM
#68
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.

What exactly are the reasons why you think that Bitcoin is losing its popularity. You need to provide us with facts to support this your claims. You can't just make claims without having any thing to back your assumptions.

This is a exactly my point.  People just create post on this forum without having any tangiable reasons or evidences to confirm the things they share here. Bitcoin for the past two has seen a rapid growth in its market economy which shows that it is constantly growing.  Bitcoin is all over the internet and news platforms..
sr. member
Activity: 2226
Merit: 259
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October 12, 2019, 01:47:24 PM
#67
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.
Right now i don't think Bitcoin popularity is reduced in the entire world but it’s price was quite low in the last year since 2018 because when BTC price is huge dumped not only BTC whole of the market go to collapsed. In 2018 is the worst year ever for the crypto space. Now popularity start growing newly because of many countries will be adopt cryptocurrency. And now a lot of Btc based projects will launched in the legalize countries.  
full member
Activity: 539
Merit: 100
October 12, 2019, 01:39:02 PM
#66
We all know that the financial world is cyclical, today it’s a popular and bull market, and tomorrow there may be a bear market and nobody is interested
full member
Activity: 580
Merit: 101
October 12, 2019, 01:28:34 PM
#65
Bitcoin still popular not losing interested with many investor, although at lower price position bitcoin become most popular digital payment currency so far, using fiat currency as your payment you have faced with inflation money value at the future but bitcoin not.
copper member
Activity: 455
Merit: 0
October 12, 2019, 10:10:10 AM
#64
I think bitcoin has not lost its popularity, even though bitcoin value is low, it is due to poor market conditions. Be patient, bitcoin will also recover and soar prices.
sr. member
Activity: 2366
Merit: 305
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October 12, 2019, 09:59:34 AM
#63
Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.
This was I also noticed too, when bitcoin pumps up there are too many people adopting on it and start to invest as much as the can.
If they have an idea while the market hardly drops the price they will invest so that they can make a profit in the long run. But they wanted a short term investment and too late to jump in and accumulate numbers of bitcoin while it is in pumping up. They were losing interest when the price had a downtrend.
sr. member
Activity: 756
Merit: 251
October 12, 2019, 09:57:29 AM
#62
Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.

The popularity of Bitcoin does not reflect on the prices alone. If there is a dump, there are more people selling. Or not even that, it may be that there are more Bitcoins sold than what was bought. A single person may be dumping 10 BTC while 9 other people are buying 1 BTC each. In this case, 9 are definitely higher than 1 but the 1 has dumped more than the total Bitcoins bought by the 9. That is it. That does not mean that there are more people leaving Bitcoin rather than people coming in and supporting Bitcoin. 
sr. member
Activity: 1484
Merit: 276
October 12, 2019, 09:05:21 AM
#61
Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.
sr. member
Activity: 1120
Merit: 255
October 12, 2019, 07:52:42 AM
#60
I think your vision is clouded, you seem like your the kind of person who because BTC hasn’t grown in the way you thought it would, that it can’t. Maybe you would say adoption might come earlier from such low-income countries, but i think The future of Bitcoin depend on countries like US & member state of the European Union and maybe China. It doesn't depends on countries like Afghanistan, Greece, Iran, Turkey, Venezuela, and most African countries.

Bitcoin is the best decentralized platform of trust in Cryptocurrency. the usability layers and network effects that develop which add to its core capabilities are amplifiers, while those that seek to offset Bitcoin's advantages will fade into irrelevance. i see no reason to doubt Bitcoin's objective and success even if it does not 'defeat' fiat in low-income countries.
sr. member
Activity: 1050
Merit: 277
October 11, 2019, 06:37:13 PM
#59
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.

This isn't true and just speculation. You are talking mostly about India and Chine I assume. Their ridiculous laws have nothing to do with the popularity of bitcoin and they are certainly not the only countries in the world.
I am not sure what you are on about.

Why do you say so? I mean is there a credible reference where you saw that bitcoin is really losing its popularity? I mean, bitcoin is still the most dominant coin of all cryptocurrencies. It is just that when the price goes up, people I'm social media are making noise about it. The underlying statement is that bitcoin is still the most dominant and most popular coin.
As long as bitcoin dominates the whole crypto market, then it will not lost its popularity. And being the most profitable coin at this moment, its popularity will still grow even more. But for those who lived in countries without internet connection, it will be expected already that bitcoin is not popular to them since they cannot transact bitcoin without internet connection.

Yes as I was thinking there is nothing to credit what the OP says. Just pure speculation and basically making things up. I do not see the reasoning.
sr. member
Activity: 896
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October 11, 2019, 04:26:42 PM
#58
Why do you say so? I mean is there a credible reference where you saw that bitcoin is really losing its popularity? I mean, bitcoin is still the most dominant coin of all cryptocurrencies. It is just that when the price goes up, people I'm social media are making noise about it. The underlying statement is that bitcoin is still the most dominant and most popular coin.
full member
Activity: 634
Merit: 118
Bounty Hunter Indonesia
October 11, 2019, 03:51:45 PM
#57
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.
I don't think it's because of the validity that makes bitcoin unpopular in some low-income countries. I am of the opinion that bitcoin is less popular in some low-income countries because the country's government cannot yet implement blockchain technology (which is used by bitcoin) in the country's economic system. because if you look at the facts, in recent years, the use of bitcoin in some countries has increased rapidly. even in 2019 there are a lot of news about the mass adoption of bitcoin by several large and well-known companies in the world. so I guess if you see the popularity of bitcoin declining just because the price of bitcoin goes down, I think that judgment is very inaccurate
legendary
Activity: 2016
Merit: 1107
October 11, 2019, 02:55:29 PM
#56
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.

it is not true , bitcoin is only gaining popularity as is shown , for example by the ever growing number of the addresses with coins , google search queries and many other things
if you can't buy a whole coin , because it is worth too much now , nothing prevents you from buying a share of it
you can spend whatever amount of money you wish , be it 100$ or 10.000$
low income countries are the most usual visitors at bitcoin faucets and the sites that provide income in bitcoins or any other crypto
on the contrary , high price and constant growth allows people from such countries collect coins and wait for the price to rise or sell them straight away and make their living
I know quite a few guys who are literally living on claiming freebies , faucets and airdrops
they say it is way above the income they would get were they working on a regular job where they live
member
Activity: 173
Merit: 12
October 11, 2019, 02:53:51 PM
#55
I think u r right, but the reasons may differ. I think the crypto market is giving a lot more projects and uses for new coins, while btc is not so great now.

There are dapps, crypto games, and a lot of new things in the making, but btc is staying the same.

So, crypto-interested-people are less interested in btc as long as they are not only interested in trading.
newbie
Activity: 15
Merit: 0
October 11, 2019, 02:46:31 PM
#54
In recent years, the value of bitcoin increased by many times. People are now aware of it and started using it. But they have some unknown security fear which I think they don't need to have.
Bitcoin is too secure. It can be used by everybody having internet access. In incoming times,it becomes more popular. Its popularity can be increased if the government comes forward and accept bitcoin as legal currency. 
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