Topic: Will the popularity of cryptocurrency continue? - page 3. (Read 882 times)

Cryptocurrency is a new trend in the current economy, and it is accepted and recognized by more and more people. The trend of cryptocurrency will continue to be popular, and it has brought benefits to many investors. New users continue to invest in cryptocurrency, and people's demand for it is increasing. Its value will gradually rise, and there will be a lot of room for appreciation in the future.

Bitcoin is becoming more popular day by day.Its popularity  increase alot during the covid-19 pandemic where most people work online at that time it reach an all-time high.I know of many people in my area that bought bitcoin recently unlike before where only a few believe it even exist nor has any value ,many are into crytocurrency unlike before and it's popularity keep on increasing.

With the current situation that people tend to stay indoors and do their works online, surely people may have already noticed the widespread of cryptocurrency's popularity since it became the talk of the town in a sense that people are getting eager to get getting engage into the cryptocurrency market on which along with the popularity comes the massive volume of people entering the market because of different reasons. The popularity of cryptocurrency will continue to get with this because people may have already find its convenience as well as its importance and usage making them realize and stay with cryptocurrency.

Since more people are getting into the cryptocurrency market, there will be more people getting attracted to it so surely the popularity can increase even much more than what it is. On the other hand, since the bitcoin price increasing in long term this will make it more attractive for newcomers and new investors. Years ago when the first blocks were mined, none could ever think of bitcoin getting this much popularity between people, there were only a few exchanges and just some people using and holding bitcoin, now as you see bitcoin is betting more popular every day and yes I believe this going to continue.

Cryptocurrencies will become a human need. Just look at the development of cryptocurrencies in the last 10 years, billions of dollars in transactions have entered, this is a good technology and concept so the trend will never end.

- I appreciate the ambition and possibilities of crypto in the future but to change the banking mechanism, the popularity of crypto needs to be higher but perhaps the percentage of users who can stop here is too low because even with good handling of costs, the price of crypto is sometimes too high compared to what users expect, above all, transaction errors on the system are something that is very difficult to recover and correct. The complexity of banking sometimes has great and useful reasons for users, crypto is too vague in that regard.

Yeah why not. More and more news are coming with Cryptocurrency headlines specially when the bullishness occured early this year. There are also countries governments whose adopting to it and trying to use this technology for their edge. Another thing is influencer all around the globe are more than ever since the pandemic and even Musk and Mike Tyson are into crypto right now. You can check their twitter for authenticity.

Well as you can see, and with what happening today. We could technically say, Yes. Given the current situation in which people tend to look for another or a source of income per se, A lot of people are now getting a bit of Crypto as a lot of Vloggers, So-called influencers, Legit influencers and etc. are advertising it in a way. Well, social media is the top, go-to place especially in advertising and earning. In which, they had a wider reach and a lot of viewers.

Today, especially Philippines (where I lived). When this pandemic hits, a lot of people loses there job, close their businesses and etc. Since then a lot of these home-based jobs were advertised and to the point that the trend gets more interesting that some were now talking about Bitcoin and Ethereum.

If I remember it correctly, there are a lot of so-called legit projects wherein a lot of Filipinos were encouraged to invest in crypto. There's a time I guess around mid-year of 2020, FORSAGE has been made known for making a lot of money by investing and encouraging to invest in it using ETH. There were a lot of the joiners were just forced to join because of the hype and a lot as well lose their money. I think that's one of the factors why some are now aware of Crypto.


The next trend I guess was introduced by some Financial advisors, in which they used again the Social-media platforms (such as FB, Youtube, IG and Tiktok) and the topic is about investing to Local stocks and as well with Crypto trading.


The most recent one is about NFT games and AXIE infinity is on Top as of the moment. A game in which, one can earn money by just playing and completing tasks. A game that is related to crypto.


So by just stating a few, Cryptos popularity will technically be continuing to grow and in faster pace (now that there are games being developed to earn) and It won't be slowing down in the upcoming years.

Bitcoin is not infected with trends and hype? actually bitcoin is also affected by the trend or hype, only in a realm that is not too risky like altcoins and other cryptos. this is due to the persistence of Bitcoin's popularity which is permanent and of course it also cannot be separated from mere trends or hype. many different categories that can divide the trend or hype into sections.

From what I could see, the popularity continues to increase across all the age groups. A decade or so ago, most of the Bitcoin users were in the 20s. Now those users are in their 30s, and have more spending power. And at the same time, Bitcoin continues to be popular among the younger users (>30 yrs). And after PayPal allowed the purchase of Bitcoin in it's platform, there have been a surge from the middle-aged users as well. And despite the recent dip in the prices, the user base continues to expand. At no point during the 2009-2021 period, the Bitcoin user base has decreased on a month-to-month basis.

Maybe from this year, cryptocurrency will become more popular than a few years ago because bitcoin already make a surprise to people and altcoin did the same thing as bitcoin. People like Elon and the other influencer are trying to promote crypto to many people. Although Elon makes a mistake but that makes crypto rise. Although the price is down right now, it will not stop attracting more people to join and hopefully, that can lift the price to increase. In the future, many people will continue to join in crypto.

I believe that the trend of growing interest in cryptocurrencies will continue until cryptocurrencies fulfill their role, that is, until what they were invented for happens. While it is still difficult to answer this question for what exactly cryptocurrencies were invented, we can see that all this is related to finance. Perhaps cryptocurrencies will become the beginning of the use of digital currencies, and perhaps they are needed to become assets to preserve and increase wealth. No matter how it was, but I am sure that in the near future we will find out the whole truth about the purpose of creating cryptocurrencies and their purpose.

It will became more popular since we can really see that cryptocurrencies are well notice now by mainstream media's so expect that it will  reach  to the knowledge of the person who really don't know anything about it and in terms of possible earning money it will create more curiosity that's why we see the number of newbies are increasing month by month or maybe  we can say daily. And eventhough the market is down these days for sure many will climb up unto this since this is the perfect time to buy crypto and to begin with.

well, it will most likely be getting more and more popular. in fact, in my current country, a lot of people talk about cryptocurrencies, even if they have little knowledge of them. besides, I think, some countries have also made their currency in crypto form. I'm pretty sure that it will get bigger. moreover people like Elon Musk also think that crypto will get bigger.

I think that it will probably continue because not a lot of people still know about it so I think that there's more to the current popularity of cryptocurrency, and that's why it's a good time right now to invest in it even little by little because we never know what happens next and the potential is just to promising to ignore.

Or it could be the other way around, right?  Either way, you do have a point--when bitcoin starts to shoot up, as it has a tendency to do (and often dramatically), that's naturally going to draw in new people looking to get in on the game.  That happens with every investment in every bull market, and bitcoin is no different.

With respect to crypto maintaining its popularity, my guess is that it will.  Bitcoin and most of the altcoin market are experiencing a correction from the boom of last year, but crypto has been around since 2009 and since then has caught the attention of institutional investors and has made the mainstream news quite often.  That's progress, and to me it shows that crypto isn't some sort of fad we're talking about.  It's real, it's important, and it's going to exist for many years to come.

I also believe that the future trend is to make cryptocurrencies an investment and transaction system, replacing complicated and high-cost banks, the presence of crypto makes it easy for anyone to fully handle without intermediaries.

If i want to give you an exact result about popularity of bitcoin then i will tell you to research about bitcoins past. Means the thought about bitcoin at 2010-2017. A huge percentage of people didn't belive about bitcoin. They didn't trust something that has no office or no identity. Its only because of the lower knowledge of technology. People didn't have knowledge of technology. If we say about online shopping people didn't trust of this technology too but now 30-40% people of a country easily shopping on online. Because they are dependable on technology they gain trust. Same thing with bitcoin now people understand about bitcoin thats why people invest their whole saving, earnings on bitcoin.  Because its popularity and trust of it. And in upcoming days or years all people will be dependable on technology trust on technology and trust on bitcoin. Which gives bitcoin popularity More and more. Its my opinion others can be different Thank you.

Investment is always an interesting thing, the presence of cryptorrencies is certainly the best choice for anyone to generate large profits in a short time so that crypto will always be the best choice in the future.

In addition, Cryptocurrency has just been in it's beginning phase of adoption in the PH.
It has started during the nationwide lockdown in 2020, when people are actually looking for an effective investment that'll give them active income when most of the companies has been shut down due to Covid spread.
Cryptocurrency was the first thing to appear when someone is looking for an "investment" in Google. Thus, people has enough time to study and research all about crypto.
Now, the biggest hit is the blockchain based NFT games, and I believe this will be the first step for everyone in the PH to know more about Cryptocurrency.

So, yeah when we're talking about crypto popularity/adoption, I can say that we're still in the beginning phase.