Bitcoin coins are losing popularity?

[judeafante]

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

It's not really confirmatory but he is asking if Bitcoin is really losing popularity but we all know majority of us here will disagree, there is no way that it's going to lose it's popularity, it's even growing everyday there are good news and everyday there are a lot of events going on, Bitcoin do have everything, speculators, fudders, shills and that what's makes us a great community.

[Rupok365]

No one said anything about the legitimacy. Why did people move away from trade and invest at this time, even though Bitcoin was popular?

[SaShiRaJaVu]

No one said anything about the legitimacy. Why did people move away from trade and invest at this time, even though Bitcoin was popular?

So what you are trying to tell with his statement of bitcoin loosing its popularity, the market is volatile and it is not a new phenomenon, the market was like this from the start and hence it is not a big surprise for anyone who is trading in the market for a long time. If you look at the price of bitcoin even now it is around $8000 and you think that the popularity is loosing  .

[d3nz]

I don't think so brcause bitcoin is very popular worldwide and it used as primary payment using the cryptocurrency.  And the demand ks very exclusive even new investors are wanting to buy bitcoin and make an investment.

And some people are investing to bitcoin because they know that the value will rise up every year and good for long term holding and most likely to increase the profit.

[Fredomago]

I don't think so because bitcoin is very popular worldwide and it used as primary payment using the cryptocurrency.  And the demand is very exclusive even new investors are wanting to buy bitcoin and make an investment.

And some people are investing to bitcoin because they know that the value will rise up every year and good for long term holding and most likely to increase the profit.

Not sure where OP get his idea since it's the opposite that we are seeing right now. Bitcoin still popular and being used as store assets maybe there are some who uses bitcoin for transacting online dealing with buying or paying but the most part of holders are using it as investment assets. For some who understand trading they manage to use it for pairing to alternative coins and make a decent profits. There's no issue with popularities it will continue to prosper in the long run the value will rise with more adoptions being held.

[boltz]

The weak hands are already out from bitcoin because they didn't get rich quick which demonstrates that they had no idea how bitcoin works and what drives the price up and down. Personally , I'm glad that only the true supporters of bitcoin are still in the game as there is less FUD on Bitcoin.

Just because the price is down ( still double the price since 3k on 2019$ ) doesn't mean that it lost its popularity because we see a lot of ATM's being deployed into world, foundations like UNICEF accepting Bitcoin And Ethereum deposits, mass-media slowly points its attention again into Bitcoin and so on ...just think positive and I'm sure you will see the truth about Bitcoin's power.

[mascherono]

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.

I appreciate your reply here. Yeah, obviously bitcoin popularity increasing everyday.

[qiwoman2]

Bitcoin dominance is still up there when it comes to the CMC rankings but I think many who tried to cash in on the big boom at the end of 2017 have long gone. So only traders or those who are lucky enough to invest in very good projects that suddenly decide to moon, make it big in BTC NOW and the Miners and big Bagholders who leverage trade in the Bitcoin Futures market. For many of us smaller people, it is kind of too late to get on the Bandwagon where Bitcoin is concerned, unless, as I said, we make it big on a small-cap coin project and manage to convert it to Bitcoin.

[Colt81]

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 think you are wrong bitcoin doesn't lose it's popularity, even it's price started to decrease from $20,000 in the year of 2017 because bitcoin still is increasing it's popularity everyday that more people knows about bitcoin that there are some who gets interested to buy bitcoin and there are still some who don't. So there are possibilities that bitcoin would reach it's price again up to $20,000 just like in the year of 2017.

[Bitcoininvestment]

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.

We might think that the value of bitcoin is getting low right now but do not worru about it.This is normally happening to those in market. Eventhough it loses popularity in many people, there are still using bitcoin and believing what it can do to people. They believe that bitcoin is a faucet to earn and give us an opportunities to get some money out of it

[Upgate]

Point of correction bitcoin is not losing it popularity I don't know what makes you say so.
The popularity of bitcoin has even gone higher than ever before,
Except for the numerous country in which bitcoin is banned which seems to be the major problems of bitcoin

[nicecrypto]

I think you should use the latest news updates btc have been getting regarding different companies accepting btc as a yardstick to measure its popularity because from what I have seen or read lately I would say the popularity of btc is growing rather decreasing, take the recent Watford football club as an example or the latest news about Unicef, hope you understand.

[adzino]

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.

Its not becoming "beyond" the reach of the ordinary people. You don't have to buy one whole coin to own bitcoin. You can always buy a fraction of the coins. 0.1 BTC, 0.01 BTC or even 0.00001 BTC. There is no difference. They all have a value. Your 0.0001 BTC can one day worth thousands of dollars. There is no such thing as you "can't" afford bitcoin.
If you still want to own one whole coin, there is always altcoins you can invest on.
If bitcoin is losing its popularity, why is it still on the top?

[pankajgupta]

In recent years, the value of bitcoin increased by many times. People are now aware of it and started using it. But they have some unknown security fear which I think they don't need to have.
Bitcoin is too secure. It can be used by everybody having internet access. In incoming times,it becomes more popular. Its popularity can be increased if the government comes forward and accept bitcoin as legal currency. 

[mr3dds]

I think u r right, but the reasons may differ. I think the crypto market is giving a lot more projects and uses for new coins, while btc is not so great now.

There are dapps, crypto games, and a lot of new things in the making, but btc is staying the same.

So, crypto-interested-people are less interested in btc as long as they are not only interested in trading.

[veleten]

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.

it is not true , bitcoin is only gaining popularity as is shown , for example by the ever growing number of the addresses with coins , google search queries and many other things
if you can't buy a whole coin , because it is worth too much now , nothing prevents you from buying a share of it
you can spend whatever amount of money you wish , be it 100$ or 10.000$
low income countries are the most usual visitors at bitcoin faucets and the sites that provide income in bitcoins or any other crypto
on the contrary , high price and constant growth allows people from such countries collect coins and wait for the price to rise or sell them straight away and make their living
I know quite a few guys who are literally living on claiming freebies , faucets and airdrops
they say it is way above the income they would get were they working on a regular job where they live

[nankers]

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 don't think it's because of the validity that makes bitcoin unpopular in some low-income countries. I am of the opinion that bitcoin is less popular in some low-income countries because the country's government cannot yet implement blockchain technology (which is used by bitcoin) in the country's economic system. because if you look at the facts, in recent years, the use of bitcoin in some countries has increased rapidly. even in 2019 there are a lot of news about the mass adoption of bitcoin by several large and well-known companies in the world. so I guess if you see the popularity of bitcoin declining just because the price of bitcoin goes down, I think that judgment is very inaccurate

[alexsandria]

Why do you say so? I mean is there a credible reference where you saw that bitcoin is really losing its popularity? I mean, bitcoin is still the most dominant coin of all cryptocurrencies. It is just that when the price goes up, people I'm social media are making noise about it. The underlying statement is that bitcoin is still the most dominant and most popular coin.

[Lauren Smith]

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.

This isn't true and just speculation. You are talking mostly about India and Chine I assume. Their ridiculous laws have nothing to do with the popularity of bitcoin and they are certainly not the only countries in the world.
I am not sure what you are on about.

Why do you say so? I mean is there a credible reference where you saw that bitcoin is really losing its popularity? I mean, bitcoin is still the most dominant coin of all cryptocurrencies. It is just that when the price goes up, people I'm social media are making noise about it. The underlying statement is that bitcoin is still the most dominant and most popular coin.

As long as bitcoin dominates the whole crypto market, then it will not lost its popularity. And being the most profitable coin at this moment, its popularity will still grow even more. But for those who lived in countries without internet connection, it will be expected already that bitcoin is not popular to them since they cannot transact bitcoin without internet connection.

Yes as I was thinking there is nothing to credit what the OP says. Just pure speculation and basically making things up. I do not see the reasoning.

[Darooghe]

I think your vision is clouded, you seem like your the kind of person who because BTC hasn’t grown in the way you thought it would, that it can’t. Maybe you would say adoption might come earlier from such low-income countries, but i think The future of Bitcoin depend on countries like US & member state of the European Union and maybe China. It doesn't depends on countries like Afghanistan, Greece, Iran, Turkey, Venezuela, and most African countries.

Bitcoin is the best decentralized platform of trust in Cryptocurrency. the usability layers and network effects that develop which add to its core capabilities are amplifiers, while those that seek to offset Bitcoin's advantages will fade into irrelevance. i see no reason to doubt Bitcoin's objective and success even if it does not 'defeat' fiat in low-income countries.