Topic: Bitcoin popularity. - page 5. (Read 1632 times)

I am having a really hard time understanding what you mean here, i don't know what you mean by 'moving crypto space with their own use cases'. In my honest opinion, cbdc's are simply going to be pro-surveillance currency and tools that the government would use to tighten their grip on their people and look as deep as they can into their finances, anything to further destroy privacy.

It's true that bitcoin is one of the most potential investment anyone around the world could engage on but while we make this recommendation l, let's also mark it that the benefit of this financial financial investment isn't such a quick system by referring to the volatility potential of the bitcoin market values.
It's also of our deeds to carryout awareness of this bitcoin financial technology since it's a decentralized currency which means we don't wait for the government who're even against it or an entities who're are not decision makers of it to execute those Speculation tasks. But while we indulges on this acts, we should be careful with the public as exposure of your holding may get us risky threats of thefts.
So my humble advice is whoever engaging on such attributes of running awareness campaigns for bitcoin speculations should be done online probably stay anonymous while physical campaigns should be taken as mere discussion with your people within your surroundings and mustn't portray you've a portfolio on bitcoin already.
Better to stay safe and secured your funds than loosing it while trying to bring others to the bitcoin market.

Bitcon have become very popular in the modern world because this current world has to do with advanced technology. The world we lived in today is transforming and we have every right to ascertain the necessary information required to transformed with the world. Anticipating in crypto projects and I promised, you will not be left behind from real world.

Bitcoin is accessible to everyone that have opened up their mind, I see no reason why one should panic because the space is filled up with volatility. Come to think of it, If there's no volatility, then it simply means there wouldn't be a room for losses, you do get that? Bitcoin have come to stay and have been in existence over the decades, this project have elevated top traders, firms and investors and have also become the major source of their downfalls. We just have to learn the basis of the market, know when to invest and when not to invest because, either way, profits and losses are triggered. I see these features as the order of things in cryptocurrency.

I do think that institutions won't leave it without regulations, as the whole crypto space in general. CDBC is being created for a reason, that is, to be in control of something that would be moving crypto space with their own use cases and so on
Only time will tell.

People have known bitcoin already but are still hesitant to invest not only because they have known it the wrong way, but more likely they are afraid to invest their funds and yet there are still no guarantees of profitability. That’s the threat of having bitcoin as a volatile investment. You can’t control its price movement, it may move suddenly in an upward trend but then it dropped instantly the next day, that’s why a lot of aspiring investors feel scared to start investing instead.

However, if you have made an extensive research about bitcoin, you will realize that it’s volatility itself is what makes it an asset. If there’s no volatility, there won’t be successful investors or those long term hodlers who have been profiting a lot from their investment. Without volatility, there won’t be new millionaires these days, who have always been patient and understanding about the positive effects of volatility rather than getting rid of because it would mean losing their hard-earned money.

There's no doubt that the popularity of Bitcoin would be far more better than it is in the near future, the increase in price of Bitcoin over the years has made it turn into an asset class thereby attracting more investors to it and we all know that despite that it's undergone several dips the price would still go higher and that's why it's the best for investment purposes. I think the adoption of Bitcoin would've been far more better than it is currently if not for the regulations by several governments and war in certain economic regions but then all those won't hinder Bitcoin from a massive adoption in the near future cause more people are beginning to see it's usefulness for different use cases.Well, Bitcoin is a digital asset so I think digitalisation also plays a role in it's adoption by the masses.

Now, what comes to mind about the adoption of Bitcoin is the aspect related to education and awareness. Education about Bitcoin is really needed, as all this misinformation, especially when people think of it like a means of getting rich quick, badly misled new investors. It can also make them give up if results do not bring their expectations.

Probably very important will be to frame it appropriately, it is a long-term investment that requires patience and understanding of market dynamics. In general, to the Bitcoin community, giving realistic expectations to potential investors would be obviously much stronger value, as it'll be more based on faith and informed decision-making than hype.

As you would note, value for Bitcoin rises with demand. But what is actually much more interestingly spread is the awareness. It so happens that most of us get access to Bitcoin through another human. But the tales we tell some other human are priceless. Before we get ahead to the section 'Quick Gains' We would do well to focus on the aspects of Bitcoin and independence from banking, decentralization and the long term value it holds as a store of value.

I believe that as people realize the real value of Bitcoin, not just its capacity to generate quick money. We will then see sustainable and continuous growth and make it easier for Bitcoin to reach the very highly touted valuations, like $500k, in the long run.


You raised some good points here, points that really describe just how decentralized Bitcoin is, how the velocity of its transactions perfectly matches the demands of the digital age. The internet and what constitutes the nature of the digital platforms drive interest for Bitcoin, specifically the younger crowd who are seeking speedy transactions with almost no lag time.

Although Bitcoin has many benefits, some difficulties associated with mass adoption cannot be overlooked: First, increased demand leads to problems arising in verification and transaction fees. At peak usage times, the Bitcoin network may become congested with slower transactions as well as higher costs This is where secondary solutions such as Lightning Network really shine through.

Besides, as an emerging trend, Governments are likely to try to enforce regulations that may marginally alter our environment. It'll be interesting to see how Bitcoin gets adaptive to those external pressures.

Overall, as the digital age grows, the value of Bitcoins will only increase. Yet, to be able to properly dominate a number of people. It is going to take that kind of mindset and road forward. I think the community will have to work through those challenges head-on. As for that, though, in my opinion, Bitcoin's potential to be the next great thing continuing to shape the future of internet payments is undeniable.

I wouldn't say that digitalization moves BTC more to mass adoption, for now, we can say that the institutions and some govs do start to see the value in it, creating reserves, ETFs, etc. But I don't think it will be used for online work or for work in general, Not on the official level, at least.

In 2024, Bitcoin surged past the $73,000 mark, partly driven by the introduction of Bitcoin ETFs, which fire up institutional interest and set records in trading. This has been the serious drive for the value of Bitcoin this year, 2024. Not everyone, though, looks at Bitcoin as that surefire long-term investment, and Bitcoin's road to wide adoption may not be well-traveled by simply "preaching" it. There's still volatility; not every investor has the patience to ride out ups and downs.

It's very important to position Bitcoin as a balanced investment and not an opportunity to get rich overnight. Bitcoin may have great potential, but convincing more people to invest in it doesn't necessarily mean the price is going to reach $500,000 faster. Market conditions also play a key role, along with regulatory environments, especially shifts in the global economy.

The popularity of bitcoin is really high in the future the popularity of bitcoin will increase because the current era is going digital. Online work is getting completed very fast and people are turning to online which is increasing the demand of bitcoin. Bitcoin is a completely decentralized currency system. It is not controlled by the government or any authority. No one else can take ownership of their bitcoin network. The entire process of bitcoin transactions is anonymous. Bitcoin transaction process is very fast in working online. The current generation wants this kind of better and faster process which is making bitcoin more popular.

Hmmm it's true that the current generation is most attracted to online. Bitcoin in particular was not very popular at one time but now Bitcoin has become so popular among people that it can be imagined that it will become more popular in the future. And one of the reasons for becoming popular is because in this digital world people want to access everything very quickly in a short time and with less effort which is also possible in the online age. Any work can be done instantly in this online age.

After being here for more than 5 years and discussing about Bitcoin I totally agree with you that proper education is needed for anyone planning to invest in Bitcoin. Investment in anything is risky and with Bitcoin the risky is very high due to its volatile nature. Patience and understanding the market can only be achieved if an investor studies about Bitcoin.

Patience is the underlined word when it comes to making returns in Bitcoin investment.
 No wonder the rising rave of countries and certain regions trying to run Bitcoin mining farms as well as private capitalist doing same all in a bid to get wealthier by patiently mining Bitcoin.
The price of Bitcoin would rise exponentially as other cryptos and tokens perform well and as much as countries lower the ban or restrictions on cryptocurrency use, Bitcoin's success so far will keep it dominant and more popular for easy digital transactions.

It's really become pertinent that proper education should be done before going into anything as that has been the biggest challenge most persons has got before venturing into any kind of business and at the end of the day they had to suffer something they would have rather known before going into the business but because they didn't get the proper and right information they had to suffer that which they are suffering but if they had much before they started then they wouldn't be disappointed or suffer at some point because they lacked the knowledge that would have helped them avoid that much earlier and this so the exact case with Bitcoin actually.

The majority has probably the same way of being introduced to Bitcoin. But we can also say that there were some few that have just discovered it on their own.

With their curiosity, they're able to do some research and understand it eventually that it has the potential to become a good asset in the future. Those that have stayed didn't wrong themselves but instead right on what they have speculated about it.

The price of it will continue to move for as long as it can be and sky is the only limit that it has got. Let's see how high it will be for this cycle but $500k is possible in the future but I don't know how many cycles we need to go through for that price.

I think this does not need to be given again because indeed bitcoin has shown its existence long before even when the current price has touched at $71k it has actually proven that they are indeed worthy of higher expectations. As for now we ourselves sometimes feel less at the price even though when we look at the history of bitcoin from the last decade until now it has been very extraordinary and bitcoin need not doubt its existence.

Expectations about the price problem are when we are and invest when the price is already like today so we expect a bigger breakthrough so that we get a profit quickly but in the end this is not an answer because we have to be patient considering that this takes time and being in bitcoin does not necessarily make us a big profit instantly so that it makes the expected expectations with fast profits it is a mistake and the location of this mistake does not come from bitcoin but from ourselves who do not want to be patient in undergoing the process.

In my opinion, it would be suspicious as you have said especially when you don't know the person who wants to promote bitcoin to you. About discovering bitcoin or knowing about it is mucu better if you have someone close or someone you know who will guide you or teach you about bitcoin compared to learning on your own. That's also the reason why bitcointalk forum exists just for this reason which is to read, share, discuss and learn.

I agree, if someone tried to promote bitcoin to me I will be suspicious about their intentions, it was not until I discovered bitcoin by myself and I investigated what it was about that I decided to become part of this market on my own, and I am pretty sure most people follow a similar process, so it is better to let people to come around on their own, after all there are a lot of lies being spread on social media about bitcoin and some people do not know what to think about bitcoin anymore.

Each country may be different in popular level. But I already assume that Bitcoin is already popular because almost all of my social media platforms are always displayed news and content about bitcoin and other crypto.
I also always see that there is still a lot of potential that can give me the advantage of all the things that I pursue including the potential of Bitcoin itself.

90% I mean maybe because of my high confidence in Bitcoin that I read and follow here so that in my opinion Bitcoin needs people to convey related to its superiority as an innovation of digital currency.

Bitcoin has been showing itself for a long time and continues to prove itself. Bitcoin has been preferred as an investment tool for a long time as a proven investment tool after traditional investment tools. Bitcoin is known by many people. Some of the people who know Bitcoin invest and some do not, but Bitcoin's awareness is increasing every day. There is no need to worry about Bitcoin's awareness anymore.

Bitcoin naturally introduces itself and its users are increasing every day. Time is the best advertisement for Bitcoin and Bitcoin is becoming more and more known as time goes by.