Topic: Bitcoin popularity. - page 3. (Read 1786 times)

People will always have their complain about what ever they are not comfortable with at that particular time, their are still people that are still criticizing bitcoin but that is even their problem, and few months back their were people that were making comments that bitcoin is the cause of some currency depreciating, which is not true I even feel like bitcoin is the one relieving the pressure on some currency since it's like an alternative to spend but no some are busy condemning bitcoin.

Those that want to change their mindset towards bitcoin, that is their decision to make because I don't think anyone should be forced to do anything, because at the end of the day you might want to help them and you will be the one they will blame if they don't end up making profit, and all this is actually because they don't have knowledge of not it would not have gotten to that extent, and any one that won't add any value should not be blamed they don't have knowledge they would have given much value to bitcoin.

You make a full range grid and only scrape fee's. V3. Not a rug. Eternal income.

People who are eager to learn will use the volatility and the gimmicks of the crypto space to make their profits better.
Those who are not willing to do so would call crypto as a whole a rug and a scam.

To be fair, bitcoin and cryptocurrencies are a get rich quick scheme, but fast here means faster than other investments, traditional business models, not a way to help us get rich overnight or in just a few days. Bitcoin has increased millions of times since 2009 until now, many altcoins have brought even huge profits in a shorter time. If cryptocurrencies can't make us rich quick, why do we choose them?

Is there any investment that can give such quick returns other than cryptocurrency? We should not deny that we choose cryptocurrency over other investments because we want to get rich quick. But as I said: we can only shorten the time to get rich by investing in cryptocurrencies, it is a shortcut but it will not be so fast that it will make us rich overnight.

High returns, shorter investment and holding periods than most traditional investments, these are the reasons we choose cryptocurrencies.

It is natural for people to have both positive and negative ideas about an object/product or currency. You can never change the way some people think. A majority of people have a negative attitude towards Bitcoin, some of them may change over time. But some people's attitudes will never change. They will always try to spread rumors about Bitcoin, but they will fail most of the time. Such rumors are spread by those who enter Bitcoin without acquiring knowledge about its uses and suffer losses. We should avoid such people in the society and help them to come out of negative thinking about Bitcoin if they want to.

One of the highlights is this word. “Get Rich Quick”. We should also be sad as well as happy. Sad because many people feel deceived by this statement and create a bad opinion on crypto. But happy because Bitcoin is becoming famous and for people who survive and learn, the good name of crypto will continue to grow.

There are always positive and negative impacts of an existing industry like crypto. We can't prevent these problems, we just need to keep learning and be careful. I think there will always be improvements but there will always be many loopholes that can be exploited. Nothing is perfect, but we can try to keep preventing things from harming us.  IMO

I do think that, with time, they will eventually get it.
And if they would be determined, they will close the gap pretty fast, in knowledge and oher aspects.

The misconception that Bitcoin is a "get-rich-quick" scheme can lead to disappointment, especially given the volatility of cryptocurrency markets.

Nowadays adoption is growing in large scale, as large companies launch advertisement campaigns which have potential to hit thousands or hundreds of thousands people at once. To introduce people to Bitcoin nowadays is much mroe efficient than in previous years, so the potential for Bitcoin to grow should be substantially superior as well. So far Bitcoin has been gaining more influence, but I wonder if this movement can continue sustainable for the next years, or if it's going to reach a roof at some point.

I notice there is still a lot of resistance to Bitcoin by many people who have been being exposed to its advertisements. They know the price has been increasing, they know there are large companies adopting it, they know Bitcoin has many adopters, but they are still fearful of becoming adopters themselves. I already talked to some people face to face about it, but they aren't interested in Bitcoin at all.

Governments as well as the media have tried but they unsuccessful to stop Bitcoin, when they failed to stop it they are now showing a positive attitude towards Bitcoin. It will and should be, Bitcoin moves at its own pace and no one can intentionally use it. As people gain more knowledge, their confidence in Bitcoin increases. Common people now understand that Bitcoin is a freedom that no country's government can take away. While I used to see Bitcoin in my country's media a few years ago with fake news as well as opposition to Bitcoin, now I see that they are also attracted to Bitcoin, their attitude towards Bitcoin has changed.



https://www.triple-a.io/cryptocurrency-ownership-data

A triple-a report found that the adoption of cryptocurrencies is growing at a significant rate and will continue to grow in the future.

True. The negative sentiment about Bitcoin has happened since many years ago. There are some people who always view Bitcoin with a negativity side. I think it is no problem if they aren't interested in Bitcoin but they don't need to spread FUDs about Bitcoin. Well, the most annoying thing with them that they try to make other people not trust in Bitcoin, too. Honestly, I really hate with those people who often publish their bad assumption with Bitcoin. I know the negative sentiment on Bitcoin will never end, but those people who dislike Bitcoin must see the fact. Bitcoin is getting popular, Bitcoin always proves to be a great digital asset, and Bitcoin is started to accept as legal tender. With this fact, the negative sentiment should be declining, right?

One thing that is there to realize about publicity is that, it leads to research, that’s for those that aren’t gullible enough to accept in its wholesomeness all that is been thrown at them without doing a little bit of research of their own as a means to verify all that is been said.
Many at times, government controlled media seek to spread these fake and unfiltered news but, with the lots of people out there who are looking for a means to survive without the government or some other means to earning a livelihood, you’ll find them doing some research on how this could turn this way or not.
Eventually they get to find out that, the wrongs it’s been tagged with isn’t the system but, the people in the system, using it for all the wrong reasons and that has got nothing to do with Bitcoin.

On the contrary with people who have not invested in Bitcoin then this kind of person will never get the financial freedom that most people who are in the investment want. The issue of adoption may be true, the more people there are, the more popular Bitcoin will be, but we also have to understand that Bitcoin is already so popular now.

Supply and demand do have a big influence on the journey of Bitcoin and that happens because there is value when it is invested or traded. Something that is valuable must have supply and demand because people believe there is something they can take advantage of. I think this is unnecessary because people who know Bitcoin with their own analytical skills will be much faster at drawing conclusions than people who are introduced.

There is a big risk when we provide education about Bitcoin to people who are not ready to lose and they do not engage in investment or trading in the right way because we will be blamed for their inability to see the opportunities and potential in Bitcoin when they suffer big losses.

And yet popularity is a very unstable concept, it comes and goes, in history there are many examples of such fame, which subsequently remained in need of no one

Every year Btc will continue to grow and its popularity will increase, just look now many companies and even countries have adopted bitcoin. Of course this will continue to grow so that the popularity of bitcoin is getting higher, even now bitcoin has become one of the assets to protect yourself from inflation.

Every year the development of technology is growing. Remember that paper used to be the way information was sent. You send a letter by post, you take notes using a pen in a notebook, you get a paper bill and when you pay you get a paper receipt. Someone started a career by entering information from paper to a computer, thinking that it would take decades to change everything from paper to digital form and even then we still need to print it to show it to others.

Now, everything is digital, if cash if traveling to a country to move cash is troublesome, dangerous, and expensive. In addition, conventional banks only benefit big capitalists. This is where bitcoin will change everything so it's no wonder that bitcoin's popularity is increasing.

I'm not sure it's about bad publicity but the ignorance of people made it look bad as many people don't know what Bitcoin is about. If not for time and exposure, many people think Bitcoin is that new money doubling thing you can put your money and make quick return on time, it was what many people think and that's why the Volatility as of then was very high but don't you see the changes, there is developments, less sell pressure that's why we are here today.

I remembered reading why even Google ban Bitcoin and crypto from their advertisements that time, Bitcoin maxis things Google hate Bitcoin and why they ban it but even though it's certain, they were trying to protect people from what they don't know and the government wouldn't take it lightly with them. They will rather protect their company than support what government will use against them and I don't blame them, everyone is rooting for what will benefit them even here in Bitcoin investors.

Governments in the past were more hatred against Bitcoin. At least they tried to show it through news but Bitcoin was strong and did not die in the past. In 2020 or 2021, China government tried to crack down Bitcoin mining in their country and again Bitcoin network continued its operation without any death.

Fud against Bitcoin is abundant and I can not count them but there are some websites to debunk Bitcoin fud.
https://endthefud.org/
https://bitcoincleanup.com/
https://bitcoinminingcouncil.com/
https://casebitcoin.com/critiques

Bitcoin Legal tender countries https://coinmarketcap.com/legal-tender-countries/
Through Bitcoin mining from their abundant hydropower, Bhutan government now own significant bitcoin.
https://platform.arkhamintelligence.com/explorer/entity/druk-holding-investments

FUD will continue but Bitcoin will continue to expand its community and better adoption.

That's true, as the saying goes, bad publicity is still publicity. But there are certain times like in 2017-2018 wherein Bitcoin was really put into bad light and social media makes a lot of FUD but it didn't deter those wise and intelligent investors. They know what Bitcoin can bring and so we just continue to invest on it, grind year after year and up to know we are still in the market.

And now we have moved forward, we have seen government around the world taking Bitcoin seriously, we have El Salvador now. And then we have a unknown small country in Bhutan we also have invested in Bitcoin mining and now amongst the top country as far as having Bitcoin as their reserves. However, the FUD will continue no matter what, but I don't think that they will succeed though.

One thing every Bitcoin enthusiast should always have in mind is that Bitcoin has come to stay and the different circles and all time highs it's attained is enough prove to that, I believe that in the near future there's hope that it would be used globally for it's purpose of creation and other use cases. Asides from government regulations and restrictions across the globe one of the reasons why Bitcoin wasn't accepted by many at the early stages of creation is because of it's volatility but now lots of people are gradually understanding it's concept and that volatility is not really a problem especially for those who's seen it's potential for investment purposes, hence the more popularity. Also I think the government are hypocrites if not why would they be benefiting from what they're criticising, I believe that they're just pained over the fact that they've got no control over it like the Apex banks and that's why they've come up with different regulations to frustrate investors but it's in vain cause Bitcoin is the future, it's come to stay and would gain more popularity with or without government regulations.

I agree with your opinion that bitcoin is of course one of the best digital investment assets in the world and indeed until now there are still many people who don't know about bitcoin and of course there are many people who don't know about it. of course this is a good opportunity for those of us who are interested. invest in BTC.

Yes, indeed we can tell people about BTC, but of course it has to be done in the right way because of course if we explain BTC by telling them that we will get rich in a short time from BTC, of ​​course that will make people want to investing in BTC but surely in the end there will be many who no longer want to invest in BTC because they are disappointed and not mentally strong as a result of the decline in BTC prices and in the end those people will potentially leave BTC. Yes, if we explain it well and explain the risks of losses and profits caused by BTC, people will definitely be interested in BTC and of course will not leave BTC even when the price of BTC falls. Yes, the point is that when explaining BTC you have to be really good, wise and there must be no element of coercion because of course not everyone will be interested in BTC. Yes, of course patience must be prioritized when investing in BTC because to get big profits from investing in BTC certainly takes a long time.

yes op I hope people buying btc increases every day and eventually it can increase to $500k or more than $500k