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Topic: Popularity bitcoin day by day (Read 332 times)

hero member
Activity: 3024
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July 25, 2020, 02:51:47 AM
#35
As more people are connected it'll be inevitable that information and interest on Bitcoin will increase. Also once more companies, like Newegg for instance, start accepting Bitcoin and other Cryptocurrencies the popularity will increase further.
And it will increase in popularity again.

Why?

Bitcoin price is increasing again, people are coming by if they see the price of bitcoin goes up. They'll always monitor the price and just interested if it's going up but if it goes down, they'll lie low.
jr. member
Activity: 94
Merit: 7
July 24, 2020, 05:19:49 PM
#34
As more people are connected it'll be inevitable that information and interest on Bitcoin will increase. Also once more companies, like Newegg for instance, start accepting Bitcoin and other Cryptocurrencies the popularity will increase further.
newbie
Activity: 12
Merit: 0
July 24, 2020, 02:24:45 PM
#33
Bitcoin will soon experience mass adoption and the world economy will be based on bitcoin. China partially adopting Bitcoin will increase the influence of bitcoin on other world economy and fiat money will be limited in use over time.
hero member
Activity: 2604
Merit: 816
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July 23, 2020, 08:22:32 PM
#32
The popularity of bitcoin will increase although we don't know how many people out there will know about bitcoin. But with so much news about bitcoin that people can find out from social media, it will bring more users to bitcoin world, and many of them will learn about bitcoin. We might don't know how much the number of people who know bitcoin, but I guess the number will be shown in many places.

With widespread popularities, people's curiosities will bring them to this new innovative system. It's just have to be well introduce and the next thing we

know is there's already more adoptions that taking place,. In certain places, there are businesses who already adopt this system bringing usages to a

much wider venues.
People curiosities about something new that they don't know before. And related to bitcoin, they will search on the internet, and they will read from many websites. Once they found more about bitcoin, they will start to try to invest in bitcoin. Although it is not big money, that will enough to bring a new user for bitcoin. With many people who will learn about bitcoin that will make bitcoin more popular, sooner or later, the adoption will grow.
full member
Activity: 2114
Merit: 182
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July 23, 2020, 06:07:04 PM
#31
The popularity of bitcoin will increase although we don't know how many people out there will know about bitcoin. But with so much news about bitcoin that people can find out from social media, it will bring more users to bitcoin world, and many of them will learn about bitcoin. We might don't know how much the number of people who know bitcoin, but I guess the number will be shown in many places.

With widespread popularities, people's curiosities will bring them to this new innovative system. It's just have to be well introduce and the next thing we

know is there's already more adoptions that taking place,. In certain places, there are businesses who already adopt this system bringing usages to a

much wider venues.
legendary
Activity: 2758
Merit: 1228
July 23, 2020, 05:59:57 PM
#30
Bitcoin is not only popular to its secure transactions and its decentralization. Bitcoin is popular because it is an opportunity for a person who bought or invest his money in bitcoin and consider it as a safe haven asset. Also, with the help of investing your money in bitcoin, you can now afford the kind of life you fully desire, even you don't have a regular job.
Bitcoin is not one of the safe haven assets, because it does not have enough historical data to measure it. don't always see the benefits of bitcoin, but look at the risks. The risk of the cryptocurrency market is very high. Not all investments that you make go smoothly. Bitcoin prices tend to be more volatile. You might be able to buy the type of life you want when the price of bitcoin continues to rise, but instead, you will lose everything when the price of bitcoin goes down and you are too panicked for that. Many risks must be considered. Be vigilant and always careful, minimize the risk so that your investment stays safe.
Truth!

This is how should people do look on cryptocurrency investment on where nothing is assured when in talks about the future and you are right that theres no such thing as safe haven asset even on traditional investments that we've known excluding crypto.

When it comes to popularity then theres no doubt to that yet adoption is growing day by day but doesnt mean that Bitcoin will ensure or will lock its place into the top spot like forever.

We know that nothing last forever but im not saying that bitcoin wont able to make it.

They are just been hyped and believe that there's always something good happening while in reality there are so many struggles facing by the cryptocurrency itself. Maybe people need to do a reality check on things since there's no easy rich schemes specially on crypto since we need more deeper understandings before we can see some good output in it.

But what Impress me for years coming is cryptocurrency is yet known slowly and maybe in future we can see this listed as reliable asset to big institution and adoption will spread even more.
hero member
Activity: 2604
Merit: 816
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July 22, 2020, 11:00:24 PM
#29
The popularity of bitcoin will increase although we don't know how many people out there will know about bitcoin. But with so much news about bitcoin that people can find out from social media, it will bring more users to bitcoin world, and many of them will learn about bitcoin. We might don't know how much the number of people who know bitcoin, but I guess the number will be shown in many places.
sr. member
Activity: 2618
Merit: 439
July 22, 2020, 09:50:12 PM
#28
Popularity is definitely growing, but is the crypto industry ready for the fact that the number of investors may double?
It does not matter if the investors will be doubled because our concern is the amount that they will put in.

and besides this will be favorable to the market and us also so why making this an issue?
legendary
Activity: 1134
Merit: 1598
July 22, 2020, 04:36:12 PM
#27
Popularity is definitely growing, but is the crypto industry ready for the fact that the number of investors may double?
Why do you think this is a concern? The number of investors went up by probably more than 10 times in the last few years and I don't think it was a problem besides some rare and short term network oversurge. It's normal that the number of people interested in BTC will grow. It's still not as popular as it's meant to be.
hero member
Activity: 2996
Merit: 609
July 22, 2020, 04:33:16 PM
#26
Bitcoin is not only popular to its secure transactions and its decentralization. Bitcoin is popular because it is an opportunity for a person who bought or invest his money in bitcoin and consider it as a safe haven asset. Also, with the help of investing your money in bitcoin, you can now afford the kind of life you fully desire, even you don't have a regular job.
Bitcoin is not one of the safe haven assets, because it does not have enough historical data to measure it. don't always see the benefits of bitcoin, but look at the risks. The risk of the cryptocurrency market is very high. Not all investments that you make go smoothly. Bitcoin prices tend to be more volatile. You might be able to buy the type of life you want when the price of bitcoin continues to rise, but instead, you will lose everything when the price of bitcoin goes down and you are too panicked for that. Many risks must be considered. Be vigilant and always careful, minimize the risk so that your investment stays safe.
Truth!

This is how should people do look on cryptocurrency investment on where nothing is assured when in talks about the future and you are right that theres no such thing as safe haven asset even on traditional investments that we've known excluding crypto.

When it comes to popularity then theres no doubt to that yet adoption is growing day by day but doesnt mean that Bitcoin will ensure or will lock its place into the top spot like forever.

We know that nothing last forever but im not saying that bitcoin wont able to make it.
legendary
Activity: 2646
Merit: 1106
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July 22, 2020, 04:27:26 PM
#25
In terms of popularity, there is continuous progress. This is happening as people are in need for the cryptocurrency. Other claims weren't that perfect, same as the traditional system it too has got security risks, fund gets stolen, third parties involved, it is partially anonymous. Even though it has got these many factors people prefer it, because the growth it has achieved from the very first day is very big. This is the reason for people to prefer it an investment though it has high risks.
legendary
Activity: 2646
Merit: 1815
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July 22, 2020, 04:16:55 PM
#24
Bitcoin is not only popular to its secure transactions and its decentralization. Bitcoin is popular because it is an opportunity for a person who bought or invest his money in bitcoin and consider it as a safe haven asset. Also, with the help of investing your money in bitcoin, you can now afford the kind of life you fully desire, even you don't have a regular job.
Bitcoin is not one of the safe haven assets, because it does not have enough historical data to measure it. don't always see the benefits of bitcoin, but look at the risks. The risk of the cryptocurrency market is very high. Not all investments that you make go smoothly. Bitcoin prices tend to be more volatile. You might be able to buy the type of life you want when the price of bitcoin continues to rise, but instead, you will lose everything when the price of bitcoin goes down and you are too panicked for that. Many risks must be considered. Be vigilant and always careful, minimize the risk so that your investment stays safe.
newbie
Activity: 37
Merit: 0
July 22, 2020, 02:21:39 PM
#23
Popularity is definitely growing, but is the crypto industry ready for the fact that the number of investors may double?
legendary
Activity: 2912
Merit: 1068
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July 22, 2020, 11:45:54 AM
#22
That is hard to estimate. I don't think that there are any relevant statistic data about Bitcoin use and acceptance. All we have is an impression, often the one that we get here on forum and we forget there are people outside this forum who have never heard of Bitcoin. I would really be interested to see sone exact figures if they exist anywhere in whatever form available.
full member
Activity: 1708
Merit: 105
July 22, 2020, 09:25:06 AM
#21
Bitcoin is the most talked about and top class security for transactions in the world today, where no third party has a hand and.  Its popularity is constantly increasing day by day.
my own think
I don't think this is your mind, but it is a fact that has happened and it is real. that bitcoin is highly sought after and made a very attractive investment for everyone who has capital. bitcoin has been recognized as a transaction tool that is very safe and reliable, of course, more important is the trust in bitcoin every day continues to increase the target of investors.

with growth being trusted every day it makes bitcoin highly sought after and made a very attractive and popular investment. especially with investing in bitcoin there will always be growth that leads to positivity. of course it will benefit those who already have or who are new to investing in bitcoin.
hero member
Activity: 3024
Merit: 680
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July 22, 2020, 08:46:53 AM
#20
He has edited his original post.  Smiley

Everyone will agree if you have said that bitcoin's popularity is increasing day after day. And it's undeniable because bitcoin's adoption is getting wider because mainstream media are reporting it or having their own segment just to talk about bitcoin's price.
legendary
Activity: 2674
Merit: 1226
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July 22, 2020, 08:29:46 AM
#19
No need for anyone to say it, it's pretty much something we've all known for a really long time (and guess what, even those who won't admit can't deny it). Kind of like the internet if you can believe it. Fight it, because you don't understand it. Then join it, because you've no choice or be left behind. Finally promote it when you finally begin to understand it.
legendary
Activity: 3150
Merit: 1392
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July 22, 2020, 04:34:36 AM
#18
Bitcoin is the most talked about and top class security for transactions in the world today, where no third party has a hand and there is no chance of losing money.  Bitcoin is accepted by more than thirty thousand organizations around the world like WordPress, Microsoft, Wikipedia, Overstock.  Its popularity is constantly increasing day by day.
my own think
In this thread, people mainly focused on the part about losing money, so I think there is not anything to add to that, but I'd like to focus on the part I marked in bold. Bitcoin can be used without intermediaries, but that's not how people usually use it. Exchanges 'have a hand', services like Bitpay, some wallet providers as well. And as for its popularity increasing, while the number of new wallets keeps going up, the rate is so slow that for now Bitcoin doesn't stand a chance to catch up with major online payment providers as in about 20 years it will get where they are right now (I've counted this once by using a number of Bitcoin wallets, the rate by which the number is currently growing and the number of users of services like Apple Pay).
legendary
Activity: 2982
Merit: 1280
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July 22, 2020, 02:58:43 AM
#17
where no third party has a hand and there is no chance of losing money.
I wouldn't go that far though. A lot of people have lost money getting their funds stolen one way or another.

Also, I'd like to know where you got this number:
Bitcoin is accepted by more than thirty thousand organizations around the world like WordPress, Microsoft, Wikipedia, Overstock.

The reason people have lost money is not due to security flaws within bitcoin network or payment system! People have lost money because of hacking incidents which can happen with your banking account as well. It doesn't have anything to do with bitcoin really! Bitcoin indeed is the most secure payment system in the world. There is no doubt about it!

For the second statement of OP, I think the number is imaginary. I am able to find a resource which says around 15 thousand business establishments accept bitcoin. Read below,

https://www.fundera.com/resources/how-many-businesses-accept-bitcoin

Hope this helps!

Probably, OP got his number in this article about stores accepting BCH, and since BTC is accepted way more than BCH, he thinks that he can say that statement safely.  I think it is an assumption that may possibly be imaginary.
hero member
Activity: 2632
Merit: 833
July 22, 2020, 02:17:56 AM
#16
Bitcoin is the most talked about and top class security for transactions in the world today, where no third party has a hand and there is no chance of losing money. 

Wrong, even if you have total control of your bitcoin, but if you don't know how to protect and you have a bad security hygiene, there are chances that hackers can get to you and steal it.

Bitcoin is accepted by more than thirty thousand organizations around the world like WordPress, Microsoft, Wikipedia, Overstock.  Its popularity is constantly increasing day by day.
my own think

I don't know the exact numbers, but I would agree that it's popularity is getting bigger every day.
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