Topic: Bitcoin popularity. - page 5. (Read 1786 times)

Maybe they are not scared, but they just don't know the real benefits since they are tied up with current financing system. They only believe that fiat still dominating that's why they can't accept the fact that there is emerging technology is now floating up which possible out fame their native currency. If they know how to handle it well and create a right law to regulate then then provably that they are still the one will benefit it. But they choose to ignore it and keep the old system dominate that's why bitcoin user experience something like being ignored or neglect towards this matters.

But for sure adaption or growth for bitcoin is inevitable and in future for sure that they will find ways to adapt bitcoin since if they would never do that those leaders still ignore it will left behind by other who became bitcoin friendly country. So let them realize what they are missing and for sure that once bitcoin price reach at more highs then they would start to notice it and maybe try to participate in the scene.

I believe the government's are scared that's why they are trying to defame Bitcoin's name because they can't control it for their selfish needs
 well the earlier people see the truth about what the government is doing the better for them if they don't realise it on time by then we will be far ahead of them and the price of Bitcoin will be over the roof

Bitcoin is becoming more and more popular all over the world, and of course it is the duty of every Bitcoin community to spread the word about Bitcoin to their families, friends, community and online.

But on the other hand, governments play a negative role in this matter, constantly spreading warnings and concerns about Bitcoin and its volatile nature and that it is a scam and is used for money laundering and supporting terrorism. This government propaganda contributes to scaring people away from Bitcoin so far.

But despite all this, we see how Bitcoin is constantly growing in popularity and confidence is increasing that it is a safe asset and a hedge against inflation, especially after the entry of large companies.

I don't agree with you, bitcoin investment is considered the best among all cryptocurrency coins. Review the history of Bitcoin price growth and observe the upward trend of Bitcoin price growth. But yes investment has to accept risk ie whatever coin you invest in there is risk involved as crypto is volatile. So invest only as much as you can afford to lose.

Those group of people should never be involved in any kind of investment, not just Bitcoin, are you trying to discourage everyone from investing by saying this. Before investing one must gain experience and research about investing so that they understand which coins will be considered the best for their investment. If you have investment experience then why should you blindly trust people and invest accordingly. Moreover, if you adopt DCA for Bitcoin investment, you can start investing even with little investment knowledge.

Even though you are right that the digitalization of jobs or online work doesn't have any direct link with Bitcoin and it's popularity, we can say that digitalization does make a difference considering the fact that when there are more people available digitally, there will be more people knowing about Bitcoin since we know Bitcoin is digital and someone who is away from the internet as a whole will barely come to know about cryptocurrencies because news and word about them spread online, mostly.

So someone who uses the internet, surfs around in social media platforms, and reads articles and stuff will be more likely to come to know about Bitcoin than someone who is more into offline stuff and never uses electronic devices much or the internet. In this sense, digitalization does make a difference in making Bitcoin more popular over time.

And, with the world moving with a great pace towards digitalization, Bitcoin doesn't need any promotion or anything because the word about it is spreading fast itself.

I don't know your location, but from my experience, Bitcoin seems to be one of the most profitable investments.  Real estate might be profitable, but if you consider the growth of Bitcoin for many years, it will be clear that it will compete favorably with any lucrative real estate business globally. Don't also forget that investing in real estate comes with lots of responsibilities like maintenance and property taxes. Holding Bitcoin is just free of any expenses; all you need is a good wallet and patience.

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.