Topic: Bitcoin popularity. - page 6. (Read 1632 times)

If only popularity would have meant, the multitude that picks interest or those that are actively investing in Bitcoin  but no, only a handful of persons take it this serious.
You would find a good number of persons that might have heard of Bitcoin but, don’t give 2 cents about it still. They don’t see anyway it could actively affect their life or what use it might be to them.

Yeah, it is. It ensures price isn’t explosive in its increase and somehow ranges about a level due to the demand on it. This in turn gives investors an opportunity to come in at a some worth fair price but, you still don’t find a lot of persons taking up the investment. Partly due to the inflation that is happening everywhere and as such, people don’t have enough to spare and maybe they just don’t care.

Let us give Bitcoin time instead of forcing too many things on Bitcoin because of our very high expectations. You and I know that for each passing year, the number of people joining the Bitcoin family keeps increasing, although they are all here with different motives. The reason some of these people join the Bitcoin family and later lose interest in hodling, using and investing in bitcoin is because of some of the stories they were told by the so called promoters of Bitcoin. Some of us are only interested in increasing the number of Bitcoin's users so the price of bitcoin may increase. So, we tell them only the good things they want to hear and forget about some of the important aspects of Bitcoin they might likely meet.

Let us allow Bitcoin to promote itself naturally and we will know the real users of bitcoin. Taking it upon ourselves to promote Bitcoin so Bitcoin will gain more followers is not really neccessary, you cannot convince everyone to invest. I don't think Bitcoin is still hidden anymore, people will adopt bitcoin whether we like it or not.

Yes, it's not too late, but we need a long time or have more capital if we want to get rich faster from bitcoin, that scenario can be taken to get wealth from bitcoin with a potential of 1x - 5x.

Yes, because the framing that is built with bitcoin is more about profits, price increases and values that make people want to invest in it, people who talk about decentralization, freedom and are made as currencies are few, besides that bitcoin is also known as a commodity or investment asset in various countries.

Bitcoin can't make you rich with small capital, that doesn't exist anymore these days and what I mean is. Bitcoin is an investment that gives faster returns than any other traditional investment and that is why we chose it. Have you seen any traditional form of investment or investments like gold, or stocks...that can bring 5 times the profit in a short time like bitcoin? And many people are relying on this criterion to judge that bitcoin is the best investment, which is true but only true for them when they are willing to take big risks for big rewards.
The best investment needs to meet many criteria such as: popularity, safety, profit margin, liquidity...Bitcoin is not the best investment.

I don't think it's too late to get rich from Bitcoin. We can't predict the future; we might experience a high increase in the price in the future. If more big companies accept it as payment and more nations adopt it as legal tender or reserve currency, we might experience an excessive. It also depends on how much investors are willing to put in and how long they are willing to wait.

Only a few people are concerned about privacy and freedom. Most of them only have an interest in making money from investing in Bitcoin. And it is becoming difficult to enjoy privacy in this world because the government is gradually making it harder to carry out any transaction without KYC. A survey of why people are engaged in the Bitcoin space will show that majority came for profit.

To preach Bitcoin as an investment, to exhort people to convert their fiat into Bitcoin may not be that effected, at least compared to just preaching Bitcoin. To talk about Bitcoin itself will probably convince more than when you simply talk about its price.

Bitcoin will probably grow more popular if we talk about decentralization, immutability, financial independence, transparency, and other features of Bitcoin than if we talk about its potential ROI. The former will attract solid supporters, the latter opportunists.

In other words, Bitcoin is like most profitable investments that requires time to mature and yield rewards. Truly, no long term buyer that ever regretted purchasing Bitcoin. Those who do, didn't have the patience to continue holding, and as it works, they'll go back to see how much their sold btc is now worth in recent market value. For instance, the proposed US government bitcoin reserve is based on a 20 years interval, because it's rare not to see significant changes in price after holding btc to that length of time.

To get rich from bitcoin it's too late because we won't get an exponential increase like in previous cycles that could be thousands of percent in a few years, if we look at the ATL (all time Low) in the current cycle it counts 3-4 times if we buy bitcoin from its lowest price in this cycle, then if you want to get 10 times to 15 times it might take 1 cycle to three cycles, but that's with the current count, it could be that bitcoin adoption occurs massively, such as the world recognizing bitcoin as a transaction tool or value as a foreign exchange storage asset throughout the country then 20x or more can happen again.

Seriously the urge to actually get more returns from bitcoin investment is growing and I will say people or investors are getting it wrong to me because the expectations for a pump sometimes aren’t realistic most especially in correspondence to the time frame, bitcoin even in future doesn’t turns you outrightly to billionaire like  you have put it out to be, it depends on the amount you put into it if you ask me.

The era where bitcoin actually pumps and does a 100x is gone now if you ask me because the volatility is something that is decreasing as years grow by and seriously i don’t see bitcoin doing a more than 3 in each halving cycle (bull run) from now. So possibly over a 3 halving cycle a 10x is realistic to me than than 15x so making it to millions or billions will require you to have huge capital.

The level to which bitcoin have come so far does not really need us to advertise it further or spread the word anymore. It’s going to do its part to spread its word with the level of adoption it has achieved so far in the world. Bitcoin adoption may get slower due to the number of people that embrace it but it doesn't mean it is not going to achieve its stride in the long run. We just have to be patient and continue embracing the technology to the best that we can, but it’ll definitely reach the peak which it’s aiming at.


That is a very wrong narrative that people share about bitcoin and that has made it very hard for some other people to embrace it after they don’t get the expected result after some periods of time they’re told they’ll become rich. The bitcoin market is very vast and needs proper understanding and knowledge before venturing into it. Most people that leave early are those that get it wrongly or put their expectations way higher what they’re suppose to be expecting of the system.

Bitcoin is on the lips of people, and I don't think that bitcoin is still a baby like back in 2010. The US presidential election campaigns have made bitcoin more famous because that has been the center of attention to win more votes for themselves. This is one of the reasons why preaching bitcoin to anyone is not that important anymore, since bitcoin is now speaking for itself. Anyone who is adamant to adopt bitcoin is based on their own ignorance and pride, apart from those living in interior places who don't have access to modern technology. Bitcoin is still in its transition state and that should be the main reason why one should adopt it, and make investing in bitcoin his priority so that he can accumulate a good quantity before the price skyrocket to a price that only the rich can afford. A time is coming that those who have bitcoin investment will outsmart those who have traditional investment in riches, because inflation will affect anything tradition.

If we look at from the beginning of the emergence of Bitcoin until now, then we can see that the development of Bitcoin has been very good and for some people who do not understand well, of course they have to start learning and it would be better if they could try to invest in these assets for their future, when someone is not familiar with the investment will certainly consider it a scam but when they have understood it, of course it will always be trying to be able to accumulate these assets as their future investments.
It is true that the current price of Bitcoin has experienced a very high increase compared to the beginning of its appearance and anyone who is very confident that the asset will continue to increase, of course will try to be able to invest in order to enjoy profits in the future.

I’m not sure I’d say it is popular. It is still far more common that I come across someone who doesn’t care about it al all than seeing someone who actually owns some. Even the Google search information shows that Bitcoin interest is at a four year low. This is actually a good thing, as it means there is still plenty of upside left.

You said some very common talks about Bitcoin. All of this are already discussed more and more times. Bitcoin is not still now too much popular as an investment because it is too much volatile. And I know many countries still not permitted is as a legal currency.

• I will say about some barriers why Bitcoin is not the best or a perfect investment in current situation. Because we should know about pros and cons too. The first one is it is not legalised in many countries and it is very very volatile that's why our investment is moving up and down. But for future Bitcoin is absolutely big opportunity to invest in.
• another reason you said that Bitcoin pumps because of its demands but sometimes it's not true. Bitcoin certainly pumps because of crypto whales and FOMO buying . Sometime Whales by a lot of Bitcoin to pump it and they make a trap and pump the price of Bitcoin after that they suddenly dump it again by selling their holdings. And many times FOMO buying of Bitcoin push a lot to pump it and people rush to buy more. That's why an unexpected pump occurs.

So we should think smartly about our investment. We can buy Bitcoin for long term holdings in bear market not in a bull market. And still now I think short term holdings is good for small investors.

Bitcoin is already popular even though I have met several people from several different countries who mentioned Bitcoin, but they do not know about it. It could be that the popularity level of Bitcoin is only 90% not 100%. What I am thinking right now is how you and I promote the advantages of Bitcoin to people so that they do not only see Bitcoin from the price side.
Don't miss out on the amount of supply that is still circulating to take part when Bitcoin is rare.

As days go by, more and more Bitcoin will grow in popularity.  So I think there is a need to forcefully inform those who don't know about it or who don't have knowledge about modern technology.  If someone who doesn't know about this can be coerced into investing, he'll think you're a fraud when the price of Bitcoin drops.  The price of Bitcoin has increased significantly compared to the past.  It will increase in future but no one can say exactly when it will increase.  I think if someone comes to bitcoin with interest and positive thinking, he should be given proper information.

Following the history of Bitcoin, we can tell that right from the beginning, Bitcoin was not even taken as a valuable asset and then, people were getting Bitcoin for free from airdrops and miners were rewarded lot more than they can get now. After lots of people identified the potential of Bitcoin and ventured into it, the value continues to increase and that's how it will continue.

Bitcoins popularity is increasing by the day and it's all dependent on the role individuals have played in one way or the other to make sure that this actually happens. Some exposed Bitcoin to people even without thier knowledge or intention of doing so and now we have schools now including crypto in Thier curriculum in regions that never knew much about decentralized finance in the past. The more we get more adoptors of Bitcoin, the more popular Bitcoin will become and that's how it's also going to affect Bitcoin price positively.

We've seen Bitcoin getting to $73k even when a large chunk of regions haven't known about Bitcoin and countries haven't even accepted it that much. What will then happens when the number of countries that want to either use Bitcoin as her reserve increases? It's going to be mind blowing. Take out the USDT which is only that popular because of the country that owns it and their role in the world, what's the next big thing as long as matters of finance is concerned is only Bitcoin before any known crypto.

A lot of people don't still believe that Bitcoin can get to $500k the same way earlier investors would have thought that Bitcoin can't get to this level.  If it eventually happens, those that are currently buying Bitcoin at this price and hopes to hold thier Bitcoin for the long run will be the ones to enjoy the dividend of thier effort and believe in Bitcoin.

Getting rich from Bitcoin is a dream for many investors especially small investors. They accumulate Bitcoin from small amount in certain time and still do that without feel tired. They even don't know when they can sell their Bitcoin but they only know that Bitcoin can increase so high. Bitcoin is not a fast way rich but it needs patience to get the big result in the future. Maybe you will not get the profit but your children will feel that. Bitcoin is the best long term investments for people.

Getting rich from Bitcoin requires long-term investment. If invested for 10 or 15 years, that investment will give 10 to 15 times more profit. So those who have enough dollars will invest in Bitcoin and hold it for 10 to 15 years.  Long term investment means future billionaires.