Topic: Bitcoin popularity. - page 3. (Read 1632 times)

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

The side that I still find very interesting is the fact that even the media who has been against Bitcoin with their fake news has helped the spread of the information of Bitcoin to go far beyond what was expected and some of those on social media platforms now find it difficult to convince people not to invest again because they have already seen the wild spread of Bitcoin and her growth.

The government receiving taxes on what they don't totally approve is ironical here because they must have trust and believe in Bitcoin before taking taxes from the investors I believe nothing is stopping Bitcoin because it has gained popularity already even as we expect more institutions to accept it's usage in all round transactions.

People not having faith in bitcoin is not something that is new if you believe is something that is for your own good  everything about life is a choice, the readiness to accept bitcoin is a decision that everyone will have to make. People have the habit of not taking things seriously and those that invested early am wondering what convinced them to actually making decisions like this in the early days of bitcoin is going to be very hard because trust things like this is very hard.

And those that did not invest early don't have anything to do than to regret why they did not buy and hold they actually had the chance, look by then and look now the price of bitcoin, their is no way that anyone would have regretted it, and with the way bitcoin is going it is designed to have a new all time high always so you can not even give a exact price at which bitcoin will stop increasing because it is already a constant k thay it will definitely increase.

Their is still a chance for the future to take a new shape and does that want to invest they still have the opportunity if they actually want to invest in bitcoin, it is an investment to be taking seriously so that you don't miss out of opportunity.

I think the best investment will depend on each person's needs. If you are looking for high returns and are willing to take risks then bitcoin is clearly the best investment. But for investors who have billions of dollars in hand and what they need is a safe asset, it is clear that bitcoin is not suitable for them, gold or real estate will be more suitable and they will be the best investment for them.

Just because you invest in bitcoin and it's best for you doesn't mean you can impose your thoughts on others. Each person's needs and thoughts are different.


Bitcoin is not a get rich quick scheme like gambling but it is clearly a way to get rich faster than any other traditional form of investment. The reason you, me and everyone here choose bitcoin is because we believe that we will be able to make high profits from bitcoin in the coming years. Meanwhile, if we invest in gold or real estate, it will take more time. As you said: bitcoin is the best investment because no investment gives better returns than bitcoin.

People being skeptical about Bitcoin is no longer new, it has been so since it's invention, those who had the opportunity to invest in Bitcoin in it's earliest days must really have been regretting already at seeing what has become of it Bitcoin now and surely, the same will happen to as many who has the opportunity now and refused to see the true potentials that Bitcoin holds when Bitcoin will become more than what it is today. However, it is not by force neither is it compulsory to investment or utilize Bitcoin potential undoubtedly it is by choice and personal conviction enough to see Bitcoin as a coin worth investing on in order to make an informed investment decisions, and not because it is what every one else seems to be doing or saving. There can never be an end to market sentiments, wether negative or positive that is what we should know or always have in mind.

There are now many communities spreading bitcoin and more on social media including education on Youtube.

Yeah most governments are like that where they say bitcoin is volatile “you have to be careful investing in BTC” sometimes propaganda like this is always there, but for the government I continue to increase more positive monitoring efforts because there are already taxes received by the government.

Bitcoin will definitely continue to grow given the increasing popularity especially when they see where some outside companies have bitcoin invested.
This will be their sense of trust in bitcoin.

Overwhelming or helpful and enough, depends on how people are selective with information they want to get and absorb. I see nowadays, it is more helpful educational resources including free ones for people to learn about Bitcoin, to get updates about it.

Very basically people don't need to turn on computers 24/7, watch the screen all time and read news continuously, if they do it, it will be very overwhelming. Smart investors will only learn fundamentals of Bitcoin and get updates like weekly or monthly, they don't need to get news daily or even hourly. It will freeze their brains, affect their emotion and action on the market too.

In this market cycle, Bitcoin is less volatile than other past cycles and you can see it from percentage of price changes and indicators like Mayer Multiple, Mayer Multiple Price Bands.

Mayer Multiple
Mayer Multiple Price Bands