Ups and downs of world becoming more aware of bitcoin?

orions.belt19

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Quote from: Chase_AI on July 24, 2018, 09:50:30 AM

Pros: as more people become aware of bitcoin and other cryptocurrencies, they can begin to use them and spread the message of how useful crypto can be. As more people are aware, that means more people can join and bitcoin can be used in transactions all over the world for even simple things like groceries.

We can add to more technological developments as a pro to having more awareness of bitcoin. The benefits of blockchain technology will be exploited by more industries, even now some companies are choosing to use this technology to their advantage. Once bitcoin and blockchain technology becomes mainstream, many more other corporations will utilize this to have better operations.

Quote from: Chase_AI on July 24, 2018, 09:50:30 AM

Cons: people trying to make scams, people who are not very aware of how crypto works getting scammed or losing their money by investing at the wrong time or in the wrong thing.

Why would scams increase once there is more awareness? I think the opposite would happen. Once people are more aware of bitcoin, they should know and be able to differentiate what a scam is from the real thing. Also, enforcing bodies like the government and police can take action towards scammers if there is an increase of awareness and use of bitcoin.

DeadCoin

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News do impact growth of crypto currencies. Bad news on bitcoin cause investors either wait or skip investing into crypto currencies. We do see lots of investors get into crypto as profits are certained on one or the other day. Crypto currencies legit projects are promising and attract more unvestors do fall in it. I have so many sharing sharing good deeds earning more bitcoins and other crypto currencies.

Chase_AI

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Pros: as more people become aware of bitcoin and other cryptocurrencies, they can begin to use them and spread the message of how useful crypto can be. As more people are aware, that means more people can join and bitcoin can be used in transactions all over the world for even simple things like groceries.

Cons: people trying to make scams, people who are not very aware of how crypto works getting scammed or losing their money by investing at the wrong time or in the wrong thing.

badaovodich

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Bitcoin is occupy almost in trading by replace cash . Because of bad news and misappropriation of the thieves, prices have fallen. But besides, the trend of cash devalue has made people look back on Bitcoin

audaciousbeing

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Quote from: maarx on July 22, 2018, 02:39:46 AM

Massive spike in bitcoin caused the entire world becoming more aware of bitcoin turning large scale investors into bitcoin and other crypto currencies. This caused fiats market fall a bit and countries spread news on adapting and denying bitcoin in the respected countries. This caused the value stay below $6k for almost half an year.

Your opinion dudes?

Its really not surprising because what really happened is the behavior of typical human beings who is ruled by greed and the moment the 'honey' they gathered around does not produced as expected, they all find other means to exercise their greediness. I remembered vividly that during the time of all time high, there were several news about companies planning to accept bitcoin, countries planning to recognise, wall street planning to inject millions of dollars and how several of those actions would push the price of bitcoin to another height. But unfortunately, the moment the market could not sustain the increase, every plans remained at the planning stage without us seeing any form of implementation till date. The point is, any serious investor should not base is decisions on speculation fueled by spurs of the moment.

slaman29

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It's clear to me, only being here for one year plus. What doesn't kill Bitcoin makes it stronger. Remember the crash to $6k in January? That was the massive correction. Then we climbed back up to almost 10k and then another pullback below $6k. Did Bitcoin die? Nope. It's still here and looks even stronger than before.

Remember Mt Gox for those old guys? Did Bitcoin die? China banned Bitcoin before. Media said Bitcoin was for drugs and guns before. This all didn't do anything to it that lasted more than a couple of years.

terrific

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I guess you are all happy now to see bitcoin break $7,600 and it was so close when I saw it on $7,694.
It almost broke to $7,700 and that was so close. We don't have to worry about spikes, this is very normal to cryptocurrencies.
When we see that the world has been adopting bitcoin and its getting good publicity, we'll be able to see ATH again.

tenebriscaelum

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I can say that one of the advantages of more people who are becoming aware of cryptocurrency in general is they would invest into it and make the prices go up, however the disadvantage is that many of this people are only into the hype and would only want quick money without understanding how the crypto market really is that is why when the correction happened and BTC has gone back down to USD $6k and USD $5.8k twice in the past month it made a lot of negativity to people who only have a shallow understanding why it is happening and that made them lose trust.

xIIImaL

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Quote from: maarx on July 22, 2018, 02:39:46 AM

Massive spike in bitcoin caused the entire world becoming more aware of bitcoin turning large scale investors into bitcoin and other crypto currencies. This caused fiats market fall a bit and countries spread news on adapting and denying bitcoin in the respected countries. This caused the value stay below $6k for almost half an year.

Your opinion dudes?

This actually not a massive bump according to my consideration. As I check with the price history from the past two years. I believe bitcoin the same kind of spike up ratio happening this year as well. You will find the dump again after this month over.
Then that dump will be lasts for at least 20 days after that bro.
Again you will see the bump from the day 26th August as I see the last year price spike started. I believe this year end you can see the 20k and more bump for sure. Keep hodl and rock with it.

hugeblack

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I think that making the Bitcoin stabilizes at over $ 6,000 is a lack of positive news and sharp corrections.
The beginning has been since the high transaction fees due to the SPAM ---> Correction that brought the price back to record levels of $ 12,000 ---->The increase in negative news, such as bitcoin ban and price collapse ----> Weak prospects due to more red color.
I think that all of these combined factors contributed to the low price at $ 6000 and then the stability of the demand led to this stability

maarx

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Massive spike in bitcoin caused the entire world becoming more aware of bitcoin turning large scale investors into bitcoin and other crypto currencies. This caused fiats market fall a bit and countries spread news on adapting and denying bitcoin in the respected countries. This caused the value stay below $6k for almost half an year.

Your opinion dudes?

Topic: Ups and downs of world becoming more aware of bitcoin? (Read 154 times)