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Author Topic: Bitcoin became more popular in 2017  (Read 435 times)
santieevanz
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January 31, 2018, 02:15:30 AM
 #21

I agree to the fact that bitcoin became popular in the year 2017 because of its value which reached $20,000. Unfortunately, a sudden dropping of value happened to bitcoin which also indicate that there are people who turn their coins into fiat. To be honest, I am one of the people who meet bitcoin in the year of 2017 and I observed the different price of coins in the market.

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Katagatame
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January 31, 2018, 02:16:10 AM
 #22

Every year it becomes more popular. It spreads like wildfire
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January 31, 2018, 02:20:49 AM
 #23

Although it was born long ago, but only in 2017 Bitcoin has become a very hot fever around the globe. Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December. In 2017, the quantity of keyword "Bitcoin" searched increased over 1000%. Thats a really good news for us, bros

At the time it was the golden year of bitcoin, bitcoin had scored a lot of 'new rich people', and gave meaning to all its lucky users.

Wait for this 2018 it will become more popular... Grin Grin Grin

I hope so, as you say.

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January 31, 2018, 02:32:39 AM
 #24

Although it was born long ago, but only in 2017 Bitcoin has become a very hot fever around the globe. Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December. In 2017, the quantity of keyword "Bitcoin" searched increased over 1000%. Thats a really good news for us, bros

Yes, bitcoin is very popular since the price increase in 2017, I admit many people are crazy about bitcoin. Bitcoin is the strongest and will continue to be the strongest because many investors invest their wealth in bitcoin.
Ridwan Fauzi
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January 31, 2018, 02:34:25 AM
 #25

Exactly yes, bitcoin has become popular in the year 2017 a layman who has never heard about bitcoin, and then they know bitcoin. But there are some things to be aware when bitcoin becomes popular, that is, the number of countries that regulate bitcoin and ends in bitcoin ban against the country. Because the reasoned bitcoin is not clear its origin, and volatile price can not be called as a currency. In other hand, more and more the bitcoin users impact on the transaction process. Bitcoin transaction system is only able to process transactions 3-7 in one minute, so the number of transaction processing is delayed. As a result, large companies such as Microsoft decided not to use bitcoin as a transaction tool anymore, due to the slow transaction processing and high fee per transaction. Therefore, bitcoin is not yet ready to become popular.
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January 31, 2018, 03:36:17 AM
 #26

Although it was born long ago, but only in 2017 Bitcoin has become a very hot fever around the globe. Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December. In 2017, the quantity of keyword "Bitcoin" searched increased over 1000%. Thats a really good news for us, bros

December 2017 is the most beautiful gift for Bitcoin owners, at that time Bitcoin is getting famous, its success is very much highlighted by the newspaper media as well as online media, and that's when, the enthusiasm of the society becomes wild against Bitcoin. Finally, this incident making many banks especially the central bank furious against him. LOL...

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January 31, 2018, 03:56:35 AM
 #27

that's very good news and now many are hoping that it will happen again to bitcoin up and soar to the moon again, hopefully many people will come back again in 2018.
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January 31, 2018, 04:04:12 AM
 #28

yes, I agree with you that bitcoin peak is in 2017 but at the end of the year sometimes bitcoin prices are experiencing a decline, but I am very born from the market that bitcoin is slowly rising again and it will continue to increase in 2018.
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January 31, 2018, 04:09:32 AM
 #29

Although it was born long ago, but only in 2017 Bitcoin has become a very hot fever around the globe. Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December. In 2017, the quantity of keyword "Bitcoin" searched increased over 1000%. Thats a really good news for us, bros

Yeah, bitcoin started becoming popular in 2017. That was a golden year for bitcoin especially for those who hold bitcoin since the earlier time. Also it made another cryptocurrencies getting more popular and of course the blockchain technology. Many news channel in my country started put bitcoin as their headlines and it appealed people in my country to learn about bitcoin even though many people ended up skeptical about it as the news always spreaded the cons of bitcoin instead of the pros especially the blockchain technology.
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January 31, 2018, 04:11:15 AM
 #30

What I can only say is that it keeps on getting popular every year. There are a lot of people who actually knows bitcoin compared before were they only think it was an online money or currency. What I also notice is that the alternate coin trading is getting more and more popular. Investors keeps on coming and there are more ICO's this year. I know there are a lot of alternate coins but ICO's keeps on popping everywhere. Maybe because of the demand. Its just insane and I can't find words to explain it.

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January 31, 2018, 04:14:56 AM
 #31

Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December.

the funny thing is, the bitcoin price last year in January was $1000+ when the year started then started struggling like this year and fell down as low as $750 and stayed below $1000 for a while before breaking out and starting the real rise.

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January 31, 2018, 04:20:46 AM
 #32

Yes bitcoin became really popular last year because of its value.The price rapidly increases when the year ends and reaches $20k that is the reason why many people get interested and want to invest in crypto currency.

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January 31, 2018, 04:37:03 AM
 #33

Because of the price surge of bitcoin last year, many people became interested to invest in this crypto. Being decentralized and unregulated by the government makes people at ease to invest because no one can control their money. High demand made bitcoin to reached the $20k peak price last year however it didnt maintain the value before the year end. I think this dips will continue and the massive changes in value might happen mid of this year like what happened before.

sunita01
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January 31, 2018, 04:37:28 AM
 #34

The price of bitcoin touched a level of $ 20,000 to see too much growth in 2017. Bitcoin's value triggered a stir in the cryptocurrency world, investors had a joyous atmosphere, so that bitcoin became very popular.
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January 31, 2018, 04:42:28 AM
 #35

Yes that is indeed a good news, 2017 was a year I term bitcoin year of mass recognition because bitcoin climbed to the lime light in 2017 and the popularity of bitcoin grow so much that bitcoin became the talk of the town and that resulted into the steady price increase we witness in 2017 and what we are seeing now. The year 2017 was a great year for bitcoin because bitcoin price rise almost 100% from $800 in January 2017 to $20000 before the end of December the same year that was an amazing growth.
KevenDabid
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January 31, 2018, 04:47:27 AM
 #36

I think 2018 might be even crazier.
Because 2017 BTC began to be accepted by the countries and countries begin to enact laws to limit the BTC, so I think means that the legal regulation, so will continue to rise in the price of the BTC.

VampKing
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January 31, 2018, 05:00:05 AM
 #37

World is getting modern day by day so people are looking forward for alternative ways of historical use of metal coins and paper currencies.

In  2017 bitcoin grabs the attention of the people. anonymity, easy use, no restriction etc are the biggest striking points that compels people to use it as a future high profit investment.   
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January 31, 2018, 06:18:14 AM
 #38

First and foremost, the Philippines and Japan legalized Bitcoin as well as its companies on their territory. The Indian government has stated that it is possible that a legal framework for Bitcoin will be implemented as early as May. Some Japanese retail giants, such as Bic Camera, Going to Japan's technology as well as the consumer market, began accepting Bitcoin payments at its agents.

The biggest regulatory impact on Bitcoin 2017 is attributed to problems with the current size of the Bitcoin network. The size of the block is constantly creating congestion, the fees are increasing drastically but the time to confirm the transaction is long.

If these scale barriers are resolved this year, initiatives such as SegWit Bitcoin Core, the expansion of Andrew Lee's Block or any other potential solution, Bitcoin prices are likely to increase. Exponential in the medium and long term.
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January 31, 2018, 06:21:51 AM
 #39

It did. That would explain the insane pump last december as more people wanted to make money easily out of it. And it also brought btc mainstream where major news agencies consistently report about btc hitting ath after ath. It also brought it to the attention of governments, hence the crackdowns and bans.

 
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January 31, 2018, 10:39:28 AM
 #40

Yes, i agree bitcoin became more popular in 2017. More people get interested to invest in bitcoin especially that it reaches $20,000, from then, they believe that bitcoin has lot of potential to increase it's price more than anyone expected. Now that bitcoin is back to its dumping price, (well we can't  consider$10k and $11k are dumping prices, but compare to $20k, it can be considered to have much lower price that's why we can also considered it as dumoing) and now, as more and more people are hooked to join and invest in bitcoin, more and more countries are also banning bitcoin for that they think that these people who wants to make money with the help of bitcoin can't be controlled and with this, government are threatened that's why they prefer to ban it than to support it.
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