Topic: Bitcoin popularity. - page 8. (Read 1786 times)

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.