dothebeats
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Cashback 15%
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October 11, 2019, 12:20:20 PM |
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Popularity wanes over time when not a single exciting thing is happening within the ecosystem. Usually, bitcoin’s popularity soars whenever there’s substantial increase in pricing. At this point all eyes and ears, including the common folk and mainstream media would be pointed towards bitcoin. I understand your sentiment regarding bitcoin’s popularity hitting a plateau, but if you know the cyclical movement of bitcoin (which is still somewhat theoretical), you know that it’ll rise when the price starts rising.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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blckhawk
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October 11, 2019, 12:21:58 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
How did you come up with this conclusion? No, Bitcoin isn't getting irrelevant. In fact, more and more people are gaining knowledge of cryptocurrencies by continuous adoption of different institutions and companies. The peak on 2017 was because of the hype, but even if the price and market is low nowadays, it does still strive and isn't going anywhere from what I can tell. In my experience, different apps related to commerce, online shopping, etc have already adopted BTC and it's gradually raising in number. |
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Darker45
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🙏🏼Padayon...🙏
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October 11, 2019, 12:23:54 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
Bitcoin is always within the reach of everyone. I've just claimed 100 free Sats a minute ago from a gambling faucet.  I cannot understand why people are complaining of the rising price of Bitcoin when most of them do not even have the guts to buy a nice amount when the price is falling hard. And when the price is high, they are saying that it is too expensive for an ordinary person. Are you guys disciples of Peter Schiff, throwing mud at Bitcoin from all directions after not being able to buy it at a very cheap price? And what exactly do you mean by "validity in low income countries"? Well, for what it means, Bitcoin does not need validity from any country. |
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desticy
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www.cd3d.app
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October 11, 2019, 12:36:10 PM |
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Let's look at the charts of the popularity of bitcoin. The peak of popularity came in 2017 - the beginning of 2018, during the pump.
Most of the new arrivals came to earn money, realizing that it was not possible to earn money already in the first half of 2018, popularity began to fall because these people began to leave the market empty-handed.
But compared to the time before the 2017 pump, the current popularity of Bitcoin is higher, which means it has grown on the contrary.
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samcrypto
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Vave.com - Crypto Casino
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October 11, 2019, 12:36:48 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
You mean the developing countries? Well, some of them are already adopting cryptocurrency and some of them are on that way so for me the popularity of bitcoin is still the same and way beyond the previous volume. Bitcoin will never lose popularity because cryptocurrency is good for all of us and that is because of bitcoin. |
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teosanru
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October 11, 2019, 12:55:30 PM |
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First of all I don't think Bitcoin is losing popularity. It's just not that much of an ecstasy which it was a couple of years ago. People don't Eureka when they have one bitcoin. They don't brag about it instead just store it in their wallets and live lives peacefully. Most of the times you would see people with no crypto loudly shouting that bull run is here and all those stuff
Secondly, Bitcoin was intended to be a worldwide currency. Not just for the first world currency. Infact we don't even know from which country does the Inventor of Bitcoin belongs so It would be harsh to say that due to the inclusion of low income countries we have started receiving less interest in Bitcoin. Moreover who knows the found is from any third world country?
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DaveWave
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CryptoTalk.Org - Get Paid for every Post!
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October 11, 2019, 01:09:09 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
 1 bitcoin is maybe beyond reach but you can buy it in decimals. When it was at $3,000 you probably said that and will said it again when it reaches $20,000 again soon. Bitcoin is not losing its popularity. Instead it is becoming more popular. Bakkt was launched, Binance entered in the US and many more coming soon as halving is nearing to happen. Low income countries don't represent the big volume of bitcoin users, investors and traders. Maybe you just lack updates my friend. |
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lobat999
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October 11, 2019, 01:09:23 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
I beg to disagree! Bitcoin is more popular now than ever if we correlate it to the number of wallet users as per data from the graph below which shows that wallet users have increased by more than four folds in just a span of 3 years alone and this clearly shows that Bitcoin is indeed getting more popular as compared to previous years!  Source: https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/ |
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SummerBliss
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October 11, 2019, 01:20:54 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
I do not agree with your statement on bitcoin losing popularity because it is still known by large number of people and many more new investors are gathering their interest in it.Although the huge investments have been not made this year but after the correction many investors will invest in it and price will surge once again.So don't spread any type of negativity around you. Btc will always remain the king of crypto in market. |
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bitzizzix
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October 11, 2019, 01:21:42 PM |
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My judgment may be because some people feel that for two years the price of bitcoin is unsatisfactory and they have waited too long for the price of bitcoin to rise so they sell it is their decision even though it is only a small profit or can only be a loss, they just feel worried because the movement is very slow and there is also for those who feel hesitant to buy bitcoin and but that does not mean it can reduce the popularity of bitcoin.
bitcoin remains the most popular coin in cryptocurrency and only takes time to prove or provide a satisfactory price value like 2017 or maybe more.
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Eclipse26
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bullsvsbears.io
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October 11, 2019, 01:24:13 PM |
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Bitcoin is not losing its popularity. Almost everyday there are news about adoption of bitcoin and cryotocurrency by different entities. Everyday new people are discovering the world of bitcoin, mostly becayse of their friends.
Just because the value is increasing, that doesn't necessarily mean that low income countries can't afford it. My country is part of a third world country yet crypto is being widely accepted here. And there are a lot of users engaging themselves with bitcoin.
As of now, there are more people getting into bitcoin than people leaving bitcoin.
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bossU2Y
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Activity: 119
Merit: 10
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October 11, 2019, 01:29:54 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
I beg to disagree! Bitcoin is more popular now than ever if we correlate it to the number of wallet users as per data from the graph below which shows that wallet users have increased by more than four folds in just a span of 3 years alone and this clearly shows that Bitcoin is indeed getting more popular as compared to previous years! Source: https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/Thank you for this! |
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Capt00
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October 11, 2019, 01:46:17 PM |
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I don’t believe so, IMO bitcoin is not losing popularity but it is the opposite. Yes, it is true that we are experiencing a continues drop in price and it seems that the price is consistent in the range from $8-$9k for days which may discourage investors but despite the drop in bitcoins popularity is still increasing. A lot of people nowadays know bitcoin or has interest in bitcoin, not only that quite a few companies or stores are also accepting bitcoin as a payment and I guess some other companies are now studying bitcoin and probably they will also accept bitcoin as another mode of payment.
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BitBite5
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October 11, 2019, 01:49:25 PM |
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I'm not sure what do you mean by losing popularity. I hope you don't mean on popularity on social networks. New bitcoin adopters appear all time and to my opinion bitcoin is more and more used in real life, also as a payment method and not only investment asset.
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eaLiTy
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October 11, 2019, 02:16:26 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
The market valuation depends upon demand and supply and nothing else, when the market started there was not much demand and that was reflected in the price and with the limited number of coins it is bound to go higher when there are new investors in the market. Who is asking you to buy the entire bitcoin, it is divisible and you can even purchase coins as low as a few dollars and the transaction charges are really low. Here is a proof that i sent transaction with a fee of 0.00000247 BTC as fees and got included in a block in 19 minutes. Any new excuses now  . |
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lionheart78
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October 11, 2019, 02:17:10 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
What came you to a conclusion that Bitcoin is not receiving validity in low income countries? Bitcoin had been more popular then ever, with the government regulation and stuff, Before it seems government are just ignoring Bitcoin but right now, its been a focus of discussion, the implementation, regulation or even banning and prohibition of the use of Bitcoin. You see, Bitcoin had never been popular like this. And it always possible to buy a portion of Bitcoin if one can't afford a whole one so your statement about Bitcoin value beyond the reach of ordinary one is moot. |
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Oasisman
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October 11, 2019, 02:25:19 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
No, it's not that Bitcoin is lossing popularity. If you're literally basing your statement to the current market condition or the price of btc today, you're wrong. Maybe people who knew about Bitcoin and Cryptocurrency lost their patience and trust towards the technology, because the price usually going sideways. How can people suddenly forget about Bitcoin when they rode the hype during the unprecedented rise of Bitcoin in 2017. Infact, the Bitcoin adoption is even continuing to expand. |
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mascherono
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October 11, 2019, 03:03:26 PM |
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Is this really that the Bitcoin losing its popularity? I don't think so. Yeah, it's true that the price is beyond and out of normal people. But with the passage of time bitcoin increasing it's popularity a lot.
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jhonjhon
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October 11, 2019, 03:03:56 PM |
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Bitcoin coins are increasing in popularity everyday. A lot of people are now interested in bitcoin and I don’t understand why you came up with the idea that bitcoin is decreasing in popularity. Anyways, with big companies trying to create their own coin and also promoting there coins, it made people came across bitcoin and it’s a great avenue for new investors to know bitcoin.
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akirasendo17
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October 11, 2019, 03:19:04 PM |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
I dont know where your data came from but its really the other way around of what you are saying, before we dont have a single bitcoin atm's in the world but now we have plenty of those in the philippines bitcoin is being recognized and union bank has one of those atm bitcoin, they are also adapting , so for you to say that I dont know, maybe what your talking is some unknown altcoins or something |
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