Will the popularity of cryptocurrency continue? - page 5.

sheenshane

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Quote from: Kelvinid on July 18, 2021, 06:25:23 PM

A big YES for that my friend. It has been observed and seen my our eyes how Bitcoin makes its name becoming popular from scratch to something valuable and this gives a huge interest to the people around. This will continue to soar and spread its name and use until it was still alive and valuable in the market.

In fact, we have noticed that big names and known rich individuals are also investing in Bitcoin, some of them are just quiet on social media but for sure they are also participating in the trend.

Also, the circulation process of Bitcoin was also continued spreading and it could be there's someone leave in adopting Bitcoin, at the same time there's a newcomer will come to adopt Bitcoin. But that's right, there are too many big investors right now who got an interest in Bitcoin and the popularity of cryptocurrency will always be there and also evolve into a higher adoption. IMO, the legacy on it will remain and it will become a wide adoption.

For sure these could be the always reason,

Store of the value
Use widely in most medium exchange.
As always means of payment that could easy to transfer worldwide across borders.
You have control of your own fund or be your own bank.

Kelvinid

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A big YES for that my friend. It has been observed and seen my our eyes how Bitcoin makes its name becoming popular from scratch to something valuable and this gives a huge interest to the people around. This will continue to soar and spread its name and use until it was still alive and valuable in the market.

In fact, we have noticed that big names and known rich individuals are also investing in Bitcoin, some of them are just quiet on social media but for sure they are also participating in the trend.

Clavulanic

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Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

Many investors now turning their heads up on cryptocurrency, and if you ask me about the timeline I believed that this will continue to gather attractions with different countries around the world. There could be a potential phenomenal trend, which would explode when adoption will come to exist without any hindrance. Nowadays, digital cryptocurrency is our way of technology advancement because physical form of money is echo friendly and you don't need to use material just to produce money.

Iceblast

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as long as the market response to crypto is always high, I am still confident and optimistic that the popularity of crypto will always increase for some time to come. so I think for the next few years the popularity of crypto will still exist and continue

pinggoki

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I can see a strong connection between the pricing of bitcoin and other cryptocurrencies and the overall popularity of the cryptocurrency industry. Just a few months ago when news broke about bitcoin reaching a new ATH, a lot of people, even those who aren't originally investing in crypto started talking about it and had posted their insights about investing in it. So provided that the cryptocurrency industry is to flourish in terms of value and use-cases, we can expect that the popularity of cryptocurrencies to increase along with its marketcap and the number of beneficial uses for it or the technology behind it.

petyang12

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Quote from: suzanne5223 on July 18, 2021, 04:22:04 PM

Will the popularity of crypto continue? Yes. Soon a lot of people won't care about the government stance about crypto.

This is possible and because of that government will have to adopt cryptocurrency so that they can also benefit from people who have crypto on their wallets. Compared to a country where bitcoin is not banned and even the bank regulated one of the exchange wallet so that they can earn money more like a tax but those who use the wallet don't have to pay as the kind of payment for e tax happens when you buy and sell according to the information I read from google and some posts from forum users in this forum.

suzanne5223

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Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country.

Will the popularity of crypto continue? Yes. Soon a lot of people won't care about the government stance about crypto.

The reason is that they (the government) understand that it is the future of payment and it is impossible for them to totally ban it. Besides, the IMF boss has once advised all Central Banks to create their own digital currency because they are the future of payment.

Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

It is under the influence of the supply and demand market.

Intelligently, every market with the inclusion of fiat currency is influenced by the level of demand and supply. If the government doesn't print more cash will be increasing in demand and inflation correction. Besides, this is what the government ought to learn from Bitcoin halving but they choose to print more fiat and do things in their own way.

xmonkeyx

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I firmly believe that trend will continue. if we look at the past few years the increasing volume of demand for bitcoin and altcoins continues to increase over time and it indicates that everyone who knows crypto will continue to stay and even now realize it or not crypto has been promoted by influential people in the world and because of that I believe the popularity of crypto will continue.

Clairvoyance

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Cryptocurrency had been on a spotlight for quite a long yime though. It's fair share of publicity boosted its popularity to new heights. I think with thr amount of traction it is getting it's very likely to keep up on this pace. It will continue to flourish even more.

fullhdpixel

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Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

Well, as long as people continues to see the potential in bitcoin, knowing very well that they will be making profit from it, they are going to continue to make use of it.I believe that Bitcoin is going to continue to be a trend, although I don’t know what’s going to follow after all the bitcoins has been mined. I think Bitcoin needs to go mainstream and be used for transactions daily by a lot of people. Apart from the investors we have seen in the market, another thing we need are those who are ready to use it for the main purpose it was made for, which is transactions. Compared to altcoins, Bitcoin has a better future.

Princejebs

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This is where fair regulation is highly needed to prevent irregular movement of price, when it's expected and when it's not.
However, the underline word will hardly work in this system because what's make it fun is volatility. If Cryptocurrency cease volatility or makes 2-3% in average weeks. Many will leave an abandon it as there is no difference between it and fx.
Many investors are here for the money and not the tech. What make them this return is these pumps and dums. Take a look at matic (Polygon) chart, you will understand what I am saying..

blockman

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How can you be sure that there are only a few that's selling? the market is somehow balance in a manner that you see the 24-hour volume which is composed of both. And for the continuation of its popularity, there is no doubt that it will continue no matter what FUD will come, the crypto market will never be stopped and it's here to stay. No matter the governments try to crack it down and similar news comes, they just can't stop this new revolution of the market that they can't accept that there's so much money on it and they have no choice but to join the revolution through cryptocurrencies.

tippytoes

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Quote from: Rruchi man on July 17, 2021, 03:45:56 PM

The popularity of cryptocurrency will continue basically among millennials than in those who are aged 65 and above. For example, a poll conducted by Harris Poll in 2017 showed that; there was a 23% to 11% drop in the people who are unaware of Bitcoin. Secondly, there was a 40% to 60% increase among millennials who said they are "somewhat familiar" with Bitcoin. Thirdly, among respondents who agreed that the most people would be using Bitcoin rose from 28% to 33%.

In addition, a look at the news and other online media will tell you that the popularity of cryptocurrency is not about to wane anytime soon, as a matter of fact, it is just beginning.

See mention of the poll here;
https://www.google.com/amp/s/www.forbes.com/sites/ktorpey/2019/04/30/survey-finds-27-of-those-aged-18-34-prefer-bitcoin-over-stocks/amp/

Millennials are easy to adopt things that are new in technology. With smartphones today, they can easily learn about crypto and understand how it is being transacted. They are more eager to know these kind of things. I can understand that most of the age group of 65 and above are not interested anymore as they will just stick to traditional means like fiat.
Also, a lot of gaming sites now are integrating their own crypto coin, so that's additional way on how to to attract these younger generation to crypto. If it is already available to what they are using like in gaming sites, they can easily get acquainted to crypto. So yes, I think the popularity of crypto will continue as we are already in the digital age.

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Quote from: Renampun on July 17, 2021, 02:47:36 PM

Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

The cryptocurrency trend will not break, the whole world will adopt it in the future...

nowadays many big banks don't like cryptocurrency and we have to be aware of it but even so, crypto transactions around the world continue to increase, this shows that the trend of cryptocurrency will not stop again.

We should thinl about all of this will happen as cryptocurrency is all in mainstream medias so its really expected that the crypto industry will continue I don't know how long it takes but as long as the market is doing some great adoptions from big whales from other trading vemtures then provably we can see a continuoues success on it. So we should think that there's a stopping point on all of this since crypto are here to stay with us.

Rruchi man

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The popularity of cryptocurrency will continue basically among millennials than in those who are aged 65 and above. For example, a poll conducted by Harris Poll in 2017 showed that; there was a 23% to 11% drop in the people who are unaware of Bitcoin. Secondly, there was a 40% to 60% increase among millennials who said they are "somewhat familiar" with Bitcoin. Thirdly, among respondents who agreed that the most people would be using Bitcoin rose from 28% to 33%.

In addition, a look at the news and other online media will tell you that the popularity of cryptocurrency is not about to wane anytime soon, as a matter of fact, it is just beginning.

See mention of the poll here;
https://www.google.com/amp/s/www.forbes.com/sites/ktorpey/2019/04/30/survey-finds-27-of-those-aged-18-34-prefer-bitcoin-over-stocks/amp/

uneng

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Quote from: Renampun on July 17, 2021, 02:47:36 PM

Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

The cryptocurrency trend will not break, the whole world will adopt it in the future...

nowadays many big banks don't like cryptocurrency and we have to be aware of it but even so, crypto transactions around the world continue to increase, this shows that the trend of cryptocurrency will not stop again.

Yes, crypto currency adoption isn't going to retreat for a long time yet. But I'm not sure if I could say the same specifically about decentralized crypto currency. As we can see in daily news, governments are adopting crypto and introducing it in their own financial systems, through the development of stable national coins, however it has nothing to do with decentralized crypto currency we have been used to since the beginning.
If they succeed in creating their own stable crypto currencies, I think there is some risk the popularity of currencies like bitcoin may decrease, because there is a tendency these countries will impose more severe restrictions and regulations over the decentralized side of this universe, while creating a lot of hype on their own side.

Renampun

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Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

The cryptocurrency trend will not break, the whole world will adopt it in the future...

nowadays many big banks don't like cryptocurrency and we have to be aware of it but even so, crypto transactions around the world continue to increase, this shows that the trend of cryptocurrency will not stop again.

jrrsparkles

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Quote from: ROSERTY on July 16, 2021, 10:41:13 PM

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

It seems you don't have clear idea about what is cryptocurrency or atleast why we need cryptocurrency.

First of all, you mentioned being decentralized is a hindrance for people to accept it but it is simply due to the ignorance of what are the benefits of decentralization to our future life, decentralized means no one control it so this is how a real currency should be.

And you think people who buy huge amount of cryptocurrencies are always making profits but it doesn't work like that all the time since price is not under control this happens as a chain reaction from the panic selling of those retail investors or traders.

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Quote from: tyz on July 17, 2021, 09:15:06 AM

Yes, people are already noticing that their fiat currencies are losing massive value. Inflation is rising all over the world, in some cases massively. This is also noticeable in countries like Turkey, which have an inflation of almost 20% due to their dictator and many are starting to starve. The demand for cryptocurrencies has risen sharply in recent months there. There is a similar development in other countries as well. Cryptocurrencies are a kind of insurance for the little people against a broken financial system.

Which is great, governments have had the monopoly on money for a very long time and they have abused that privilege, and now the people are slowly but surely abandoning fiat currencies, this would not have happened if the governments actually held the end of their deal but they never do which is why satoshi create a system in which trust was not necessary.

Most people still do not understand bitcoin and it is difficult to believe they will ever do, but one thing they do understand is that if their fiat currencies are losing value while bitcoin is gaining it then they are going to adopt bitcoin as it is on their best interests to do so.

GeorgeJohn

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The population density of cryptocurrency is unlimited provided that cryptocurrency is in existence, now a cryptocurrency is been known worldwide and to abolish a cryptocurrency currently is very difficult because it's decentralized currency and even government is finding it very difficult to eliminate it's existence because of it's importance across the countries is now going higher than the fiat currency of different countries, so from my perspective a cryptocurrency more especially bitcoin is going to have more firm compare to before, because the massive adoption of it is at higher velocity, so from understanding concerning cryptocurrency network, a cryptocurrency will continue moving further.

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