Topic: Bitcoin popularity. - page 7. (Read 1632 times)

It is the best popular currency in the world right. Bitcoin is the most popular coin on crypto market. Bitcoin has much potentiality and it is growing high and high. However it was dream once when bitcoin hit thousand of dollar after climbing it was breaking one after another level. We are dreaming to hit 100k$ now at the moment.Surely we will touch it soon. Though we have few downfall but the market will recover soon and surely it will touch its level. That's why it is more popular as currency.

Bitcoin will hit $500,000 & beyond but you have to be patient. Bitcoin is a get rich slow investment. It will happen but you are not going to become a millionaire overnight. Buy Bitcoin regularly for many years & you will be very comfortable financially in 20 years.

SPX69000 is a memecoin created in 2023, if we count from the low of 0.0013 this coin has grown more than 800 times in less than 1 year. But this is not the only shitcoin that has seen such growth, we had a lot of memes that grew strongly when bitcoin hit a new ATH in March. But I don't think pouring money into shitcoins like SPX6900 is investing, it's more like gambling. So it is wrong to compare investing in bitcoin with gambling and say that gambling is better than bitcoin just because we are lucky to win once.

By the way, the bull season is coming and there will be more stories like SPX, and the important thing is who and how many people will make such profits? So it cannot be called investment.

Those who stop Bitcoin investment after read some bad news will regret when they see Bitcoin price increase. They will not have a chance to make a big profit because they don't have many Bitcoin in the future. They must know that in Bitcoin investment, they must have patient waiting for the price grow so they hold their Bitcoin for some time while still accumulates more Bitcoin.

Bitcoin will become more popular in the future following the number of the investor that will increase. And if you want to see how big your profit, you should invest more using the money you can afford and wait for the time comes.

You don't need to worry with bad news because that will always come to make people afraid and worry with their Bitcoin investment.

It's really hard to know where are bottom and top so investors don't know best time to buy and sell. They can not know perfect bottom and top for purchasing and selling. You are misleading your friend if you told him like this.

Rather than finding absolute bottom and top, you can do DCA (Dollar Cost Averaging) for your investment, and take profit gradually or can say do DCA for taking profit too.

JJG has a strategy for taking profit.
JJG Sustainable Bitcoin Withdrawal Strategy.
bitmover built this website from JJG strategy.

You can show the ROI chart to give your friend visual impression that is better than telling him with pure words. Casebitcoin website has a ROI table too and you can use the chart or table for your presentation.
https://casebitcoin.com/charts#roi_chart

I don't want to introduce Bitcoin to my relatives, friends because it relates to money and if they do bad things and have losses, they will find me and blame their losses on me.

We will never get an accurate representation of crypto users and investors in the world. Crypto values anonymity and privacy above anything else so we would never know how much people are there that uses crypto but uses only non-kyc platforms. This statistic itself is impressive so just imagine how much more there are in reality. I am sure many crypto users deny that they own crypto be it for safety from the government or other people who may have ill intent.
I am almost certain that $100k will be reached in the near future. We just do not know when exactly but this is the next step of bitcoin and it will be taken in a few months. Keep being patient and keep on believing on bitcoin.

It's very important to have the knowledge of Bitcoin and how it works before a person should hold it, there have been a lot of misconceptions about it, some people thinks that it's an investment that you will put your money and get returns on the short term. Others don't understand the difference between Bitcoin and many Ponzi scam altcoins that will promise you returns on the short term to scam you,, they'll think that all cryptocurrency are all the same. Bitcoin is a store of value, an asset that has gained reputation as one of the best investments to put your money on the long term. Investors that understands Bitcoin circles will not panic during dip, they will know the best time to buy and sell

When I first learned about Bitcoin I was so excited about it that I would tell my friends that I've found the best investment where your investment capital will give you many returns on the long term but I never got a positive response from most of them. So I agree with you that we don't need to do aggressive marketing of Bitcoin potentials to family and friends, the adoption is increasing and when it gets to their turn to embrace it and I see their interest that is when I can impart my Bitcoin knowledge to them. People who are still skeptical about Bitcoin will think that you want to scam them, besides I don't like everybody to know that I hold Bitcoin, for my own safety and privacy.

I don't think sharing information with people who don't know Bitcoin at all is important for me to do. They can find out for themselves with today's sophistication. Bitcoin is getting a lot of attention right now because of its incredible price growth. But remember, no one will guarantee that the price of Bitcoin will continue to grow. Even to reach $500k or more. If you want to invest in Bitcoin, do it wisely and according to your financial capabilities. There is no need to force anyone to be interested in investing in Bitcoin. If someone asks you, maybe you can help them. Learning Bitcoin is not simple, investment is also not just about asset ownership. Investors must have their own understanding.

I did not know about SPX6900 coin, honestly.

It looks impressive but I know this coin will not maintain its high price for long time. Bull run comes and goes, and only Bitcoin stays with its super strength in bear market. Altcoins are more vulnerable and weaker in bear market when through 2 or 3 years of bear will damage prices of altcoins to the hell.

Congratulate to anyone who get benefits from their bets in altcoins especially shitcoins like SPX6900 but a reminder is never old, "Let's defend your initial capital and defend profit you have now, before it's too late when bear market comes".

The two types of Altcoins and with Degen altcoins, you will have very massive loss in bear market.

Bitcoin can't be the shortest time to get rich, even you bought at $15K and sell it at $72K, you only multiplying for 4.8x, if you invest for $1K, now you money turn become $4.8K, it's not a big number.

It can be shortest time to get rich if you trade with leverage.

Wrong, SPX6900 is better than Bitcoin now, Bitcoin only make 1.5x while this coin make 25x in less than a year. You don't have to spend a lot money to buy this coin too, even $10 is possible.

Bitcoin will be so popular in the future that people will do all kinds of activities in exchange for Bitcoin instead of using paper money. The traditional exchange method of the past i.e. transaction method is slowly losing popularity with the present Generation Z and Generation Z will want something new which they can find through Bitcoin. Moreover, Generation Z is so attracted to online that they will give importance to doing all the activities of their life online through it. And the most important and easy way of online investment and exchange is Bitcoin so all future generations will give importance to Bitcoin.

Anyone has an opinion on what is more valuable to them, and he believes in bitcoin, which is why he says it is the best investment. You are correct that they have something more reliable than bitcoin, and you need a large amount to begin with. Real estate, land, and property are all investments, but you can't guarantee that when you invest in them, you'll make a lot of money because in some places that don't have values and go and buy some lands, if the places haven't improved and have a lot of people, they won't buy them with a lot of money. So, op prefers to invest in bitcoin because he believes he will gain a large sum of money in bitcoin if he invest on it.

And I would prefer to start my investment with bitcoin and then return to Real Estate and other physical businesses, because I can utilize my bitcoin profit to acquire land while keeping my bitcoin going smoothly. However, if you establish a business and he does not favor you, you will undoubtedly lose your funds, so anything is risky, and everyone goes for what will benefit him most.

Bitcoin investment is always the best option to invest in online because is only him that is more better and can minimise your risk, many people have engaged themselves on online crypto update because people have started believing that there is a lot of opportunity on them if they are patient enough to invest on them, it is very hard to ask someone about bitcoin that he won't know about because he is full everywhere now, and I can say that is all this Airdrop some people are doing that make Bitcoin will gradually become something that people will want to invest in before anything else. I believe in bitcoin since it is volatile no matter what anytime he decrease i know that one day he will increase and you will definitely get something at of it is all about patient and get enough knowledge on bitcoin.

I don't think, Bitcoin investment is the best investment in the world OP, you mean if they offer you huge amount of funds to start an investment today and they stated the investment, estate investment, land and property investment and Bitcoin investment, meaning you will embrace Bitcoin investment and ignore others. There are many investment that is profitable than Bitcoin investment, because those investments required huge amount of capital before you can start such investment and you will going to double any amount you have use to start up the investment. I agree with you that Bitcoin has spread around the world to be more popular today, because it has helped nations to eliminated delay in transactions and it has also helped nations to reduced unemployment.

Frankly speaking, this is the best investment for people with small and medium capital who want to get rich in the shortest time. Bitcoin is considered the best investment, most of this claim comes from retail investors like us because we see it as the only way to become rich.
But if we look at the big picture and evaluate objectively, bitcoin is just a high-return but high-risk investment, it is not the best investment, you are right.


Yes, it is not only bitcoin that is risky, any investment is risky and the higher the return, the greater the risk. Not just bitcoin, if we don't have knowledge about the field we are investing in and only invest through other people's advice, we are just gambling.

FOMO can cause higher price but it won't increase value. Value itself has to come from intrinsic specifications of Bitcoin like its decentralization, limited supply (21M bitcoins), and its utilities.

To debunk your wrong thinking about value, you can see many examples of shitcoins, meme tokens, that can rise very high, in their prices and market caps, but when FOMO disappeared, these shitcoins and meme tokens lost their unrealistic overvalued prices and fell down like 99% or more.

These examples show that prices can be high and can be very overvalued too, while true values are the same.

If you want to find reasons to believe more in Bitcoin, let's read
The bullish case for Bitcoin
How is the 21 million bitcoin cap defined and enforced

I wouldn't say it is the best investment. Crypto currencies are extremely volatile. Choosing assets that are very volatile isn't the best decision to take. You are only supposed to invest in bitcoin if you can afford to lose everything.
Those group of people should never be involved in any kind of investment, not just bitcoin. Before making any investment, people should do their own research and try to learn about the investment. Investing blindly based on peoples word is the same as gambling and hoping to get lucky.

Yeah, yeah, we've heard this all before. Bitcoin's been hyped as the next big thing for a while now.  But is it really? I mean, its value has increased, but values can decrease too.  There's no promise it'll keep skyrocketing or hit some crazy high number.  There's no guarantee it'll hit $500k, and even if it does, who's to say when? Its just another speculative asset like any investment.

I don't think we need to aggressively push Bitcoin on folks either.  That usually backfires.  People should learn about it themselves and decide if they want to buy in.  For some, it'll click and they'll be believers.  Others will take a pass.  Different strokes.

Based on the statistics by Triple-A, global crypto ownership is about 6.8%, with over 560 million crypto owners worldwide. It might be difficult to know the number of people that owns Bitcoin but a publication claims that it could be about Around 50 million people. No doubt the news about Bitcoin is spreading and more people have started using it as a currency or investment.

People who see Bitcoin as a means to get quick money end up being disappointed because it is better perceived as a long-term investment. A good product will always attract customers, and I know more people will keep embracing it as they understand its benefits.

Bitcoin can keep growing but getting to $500k will take a long time. I am currently focusing on this present bull run, maybe it could hit $100k.

With the level of what bitcoin has attained now, those not investing are only doing their self because remains irresistible and unstoppable, its value keeps increasing even as the network remain trusted as ever before, those that have adopted for the use of bitcoin


When we are not well informed, it will affect our approach on bitcoin, this is because those that informed us about it were unable to give the full information on what's been needed or expected form investing on bitcoin, but it's not bad anyway if we can also take out of our time to make some necessary efforts researching on our own about aspects of bitcoin network we are not clear about

Bitcoin is one of the best investment right now in the world and some people are already going into it however there is still larger number of people who has not started Bitcoin investment and that is why Bitcoin still has a long way to go, the more popular and the more people invest in Bitcoin the more valuable it will become.
Bitcoin price increases when demand exceeds supply and decreases when demand falls this means we can play a part in making Bitcoin more valuable and that part is by preaching about Bitcoin to other people in other for them to invest.
Some people stop Bitcoin investment after some time indulging in it and is because people who told them about Bitcoin didn't give them the right narrative some people will tell them that Bitcoin will give them huge profit in less than no time making them believe Bitcoin is were you can make quick money which is not so, in Bitcoin investment you need to be patient because it takes a long time for Bitcoin to grow.
The more popular and involvement in Bitcoin the more valuable it becomes and we are the factor that can make Bitcoin achieve popularity, someone introduced me into Bitcoin and I believe that was same procedure everyone followed, is either someone told you face to face or someone posted it online and you read about it, this was how Bitcoin became popular and I believe same thing will make it more popular and more valuable than it is now and is part of the factors that can make Bitcoin hit $500k and above.