BTC seems to be fading out and loosing popularity. - page 3.

DarkDays

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Quote from: bitzizzix on March 19, 2021, 12:54:37 PM

Those who think bitcoin is fading and losing popularity, I think because they feel it is too late to get involved in bitcoin which is currently high in price.
and what I know with the recent increase in bitcoin price has gone viral and become an unexpected phenomenon with prices beyond expectations of those who do not believe in bitcoin and feel sorry for the delay to get involved.

It is never too late to enter in a market which get more popular by day. It is best to get on it rather than standing on the side wishing you'd had got in. Like many people on here, there are plenty who regret no buying BTC when it was under 10K because it was thought that it was too high of a price. Look at BTC now! Sometimes we need to look at the history to help us make better decisions. This is one of those times.

BuNga_cute

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I think it is never too late to buy Bitcoin, because the price of Bitcoin will continue to rise. Even if we buy Bitcoin for $ 58k, will still make a profit.
Because I believe the Bitcoin price will still go up even higher, especially if we HODL for several years, surely the resulting profit will be much greater.
Then I don't agree if it says Bitcoin is losing its popularity, because it's a wrong assumption. With many institutions starting to invest in Bitcoin
this year, then the bullish trend is still happening today. It all has proven that the popularity of Bitcoin is getting higher, so don't be influenced
by what your friends say about bad things related to Bitcoin.

Dutchyyy

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Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

According to data published by JPMorgan's strategists, the influx of Bitcoin retailers has exceeded institutional investment so far this quarter.

Retail investors have bought 187,000 BTC so far this quarter, compared to about 205,000 BTC in the last quarter. Over the same period, institutions purchased about 173,000 BTC, less than the nearly 307,000 BTC purchased in the last quarter. JPMorgan tracks Bitcoin futures, fund flows and company messages to collect this data.

The figures show that investor interest in Bitcoin is no longer dominated by Wall Street players, as it was last year. This, in my opinion, shows that the popularity of Bitcoin has not diminished.

BIT-BENDER

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Not that they don't feel like investing in bitcoin, these guys are majority noobs -Newbies- they search for advice and in anyway they can, some stumble on sources that discourages bitcoin investing, siting maybe because the price are high or many more, so this noobs are linked into alt-coins, it's just a so called experience person with no experience at all giving advice to noobs/ -Newbies-

androyster

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If $1 invested in fractional BTC doubles, what difference does it make? Crying over spilled beer that you never had in the first place is an exercise in futility.

finaleshot2016

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Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

We can't actually tell if they're already late on bullish until it drops. ATM, it doesn't change still resisting again to come back on ATH and it doesn't show any signs that it'll drop sooner or later so they still have chances for investing in BTC. Yes, they're left out on the bull run but there will be always an opportunity to earn. There are what-ifs in investments and add those knowledge about the market, anything can be possible. Imagine if bitcoin still rises until it reaches a hundred thousand, then it is still profitable for those who are late to invest. Actually, there are no late investors, maybe they just want to risk because it's a huge benefit if they hodl it longer. Bitcoin doesn't lose its popularity, there are plenty of people who're interested and still waiting for it to drop.

androyster

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When bitcoin jumped from $1 to $800 per coin did you consider it too expensive to buy then not knowing if you would lose money or not? It's all relative.

bitzizzix

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Those who think bitcoin is fading and losing popularity, I think because they feel it is too late to get involved in bitcoin which is currently high in price.
and what I know with the recent increase in bitcoin price has gone viral and become an unexpected phenomenon with prices beyond expectations of those who do not believe in bitcoin and feel sorry for the delay to get involved.
actually during the pandemic and the increase in the price of bitcoin, the popularity of bitcoin was increasing and there were lots of advertisements and good news or news about bitcoin on social media and so on, and made a lot of new people involved from various circles

geegaw

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Quote from: DeadCoin on March 19, 2021, 03:16:04 AM

Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

You are totally wrong, if that is true, why there are too many institutions that invested in bitcoin, there are big and private companies that accept bitcoin.
Bitcoin is being popular and that is the reason bitcoin price now pumped so much because they know that this is a good potential for storing value. Maybe yes, bitcoin has been failed on the peer-to-peer transaction but in storing value people, will believe that they will get more profit upon holding bitcoin.
That is the fact here.

Well, the value of bitcoin will dismiss all such rumors, whether large individuals and companies will invest in a project that is losing popularity and is no longer interesting to investors, maybe people are smart enough and calculated enough to get the answers, we are looking to make money and of course, we will never invest in a project that has lost popularity. Some people's attention shifted to other crypto just because bitcoin has hit a big enough hit this year, chances are less for it than for other crypto but once it cools down, people will start flocking to it again

rosebrand

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Well for long term holders and strong hands investing in bitcoin is never late, remember when bitcoin hit $20k people who didn't buy earlier refused to buy and said it has reached its peak after a while bitcoin hits $30k and Keeps moving till it hits $60k tho it has retraced a bit and soon expect more pump, big investors and companies never sees bitcoin being too late to invest because there are looking foward to the future and not the present. Everyday people gets to know about bitcoin and its popularity is going worldwide which means more investors will keep coming in, this will make the population and popularity of bitcoin to keep increasing pushing its price to new Alth.

Rikafip

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Quote from: Lucius on March 19, 2021, 10:40:04 AM

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC.

I was exactly one of those fools that thought BTC was too expensive when I first heard about it. It was late 2013 or early 2014 (I can't remember when exactly) and BTC was ~800 USD. So naturally as many other noobs i thought that if I can't afford one whole BTC that I should at least buy some coins tha are cheaper so I can own a lot. So I ended up spending 100 USD on various shitcoins instead of buying BTC.

Few years later when I came back to crypto I didn't make the same mistake. Instead, I started buying BTC, realizing that I don't have to own 1 BTC immediately, or ever for that matter. It was important to own any bitcoin.

Expecto

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Quote from: Lucius on March 19, 2021, 10:40:04 AM

Quote from: Rikafip on March 19, 2021, 04:22:08 AM

Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC. The story of course turned in a direction that now definitely does not go in favor of the ordinary small investor who dreams of buying 1 BTC, but if he is not generally greedy then he should know that everything he invests today in the future may be worth xx times more.

I agree with it very much. It is never too late and it will never be too late for investing in Bitcoin. For example, I've found out that I could have been really a millionaire right now (no joke Cheesy

) if I pushed the right button. Of course I was demoralized after I realized it but I know that I can do that again in the future. So we should never think like 'this is the end'.

Lucius

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Quote from: Rikafip on March 19, 2021, 04:22:08 AM

Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC. The story of course turned in a direction that now definitely does not go in favor of the ordinary small investor who dreams of buying 1 BTC, but if he is not generally greedy then he should know that everything he invests today in the future may be worth xx times more.

Quote from: pooya87 on March 18, 2021, 11:13:38 PM

Ask anyone who bought any altcoin in 2017 and didn't sell it in 2017. They lost from 50% up to 98% of their money by bag holding.

It doesn’t necessarily have to be that way, because those who bought some altcoin at that time, and saved it to this day actually profited - for example ETH had its ATH in January 2018 ($1279), currently worth $1800. LTC on the other hand had its ATH on December 19, 2017 ($375) and is only worth $200 today. We can't even say that Doge holders did badly compared to 2017, the price literally went sky-high.

DatKing

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I think the situation is totally the opposite and the popularity of Bitcoin continues to increase. There could be many people who choose to invest in altcoins but it is also the same for Bitcoin. And maybe even the number of Bitcoin investors could be higher, I don't know. Grin

We can understand how much popular Bitcoin is now from even the huge investments of big companies.

androyster

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You have to look at where it might go in the future when people are saying it could hit 100K, 250K or even 500K per coin. At 55K or even 60K per coin, that would be like getting into it when it first started.

Just because you don't own a full coin doesn't mean you can't be a part of it's incredible rise in value. Buy it in fractions that you can afford. You will profit in the long run.

Leviathan.007

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People are trying to make some negative fundamental atmosphere these days. How can you say such thing, specially after you see many companies are still investing on bitcoin. Bitcoin is not fading out and it's not going to be fade out, at lest not at this time when people are greedy about buying bitcoins and there is huge demand in the market. You are making thinking like what because the price reached the ATH and some people are selling bitcoins but none will exit bitcoin here people will sell at ath price and they wait for a correction to buy even more bitcoins. It's not loosing popularity at all but gaining popularity.

TodoAndroid

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With news like this, I don't think bitcoin is loosing interest:

Visa to allow bitcoin payments and explore crypto purchases with its card

Taskford

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Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

What make you think that's really happening? in fact for the current rise of bitcoin many people got curious about how they can earn with bitcoins especially when they know how much it worth way back year 2009 up to the present. That's why we can see so many newbies got scam its because they are been hype up with bitcoins pressence and they think to earn more bigger if they invest on certain platform but unfortunately they've been scam by false advertisement about how things work with bitcoin.

isaac_clarke22

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Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

~

Your friend is just one of those people, but still you never know what others think in investing in BTC right now.
Don't they want that moon dream in price? I wouldn't convince your friend if I were you. Just continue buying and let others be left out and regret their decision into not investing one in here.
It is not too late for someone, OP.

LogitechMouse

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Quote from: Rruchi man on March 18, 2021, 04:29:44 PM

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

If you will just ask an Average Joe regarding investing in Bitcoin then its normal that he will complain about the high transaction fees or he will say that "Bitcoin is very expensive at this moment" kinda thing.

In general, I don't see Bitcoin loosing popularity but its the opposite. I don't see investors exiting although I agree with what you said that there are "some" who are preferring to invest into altcoins rather than Bitcoin. Now to answer your question, it depends on your time frame. If you are willing to hold it then regardless of the price, you will buy but it would be better if you will just buy when it dipped or at least made a consolidation. If you will buy just for the short term then for me it is late.

I suggest that you and your friend must do Dollar Cost Averaging instead into Bitcoin and in some altcoins. Overall, I disagree with your subject title. Paypal and Visa (in the future) started to integrate Bitcoin into their system. Bitcoin will be introduced to millions of users of both of them. Its not loosing but gaining popularity

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