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Author Topic: Bitcoin coins are losing popularity?  (Read 2899 times)
Wysi
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October 17, 2019, 08:46:36 AM
 #121

Maybe you right with bitcoin losing popularity with very lower price today, for October bitcoin never back to raise higher price and still down with $8 where last month bitcoin above $10k, will become bad thing for bitcoin losing popularity and give bad for altcoin price? lets give best for bitcoin can raise to higher price again and we need to get much profit with bitcoin investment for long time because only bitcoin become profitable investment.

Fluctuations will always be there as a part of bitcoin and crypto currency world as long as a group of people hold huge amount of bitcoin or until there is demand and supply which cannot be stopped and I believe bitcoin always comes back stronger but last 18 months has not been as expected but things will change don't mix up altcoins with bitcoin as they cannot survive without bitcoin.

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October 17, 2019, 09:47:25 AM
 #122

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.


Of course every opinion is valuable and has the right to exist. But you shouldn't think in such a pessimistic way. May be comparing with the 2017 year the interest to Bitcoin and cryptocurrency became lower, but it is not losing its popularity at all. It depends on the region may be or exact country. But in case you look on this question more globally you will find out that it is still popular, even very popular. And the interest sometimes falling a little down, but after is rising again. There is some opportunities or services in the Internet with the help of wich you can check the level of the interest or google searching for the concrete topic, for example Bitcoin. There you even can see the popularity in different countries all over the world, the rating of the topic Bitcoin in different regions of the concrete countries. Of course these data may be not very precise, but you are able to make some approximate conclusions. And interesting fact that the most demanded topics are Bitcoin and Bitcoin price.
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October 17, 2019, 01:40:44 PM
 #123

Bitcoin is started in 2009 and its price is in basically none from 2009 to March 2010 . In  July 2010 its price is $0.08 and now its price is 8067 USD. if it is popular,   then its price is increased. In the future, it will also be increased. so Bitcoin is not losing popularity yet.
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October 17, 2019, 02:41:52 PM
 #124

Bitcoin is started in 2009 and its price is in basically none from 2009 to March 2010 . In  July 2010 its price is $0.08 and now its price is 8067 USD. if it is popular,   then its price is increased. In the future, it will also be increased. so Bitcoin is not losing popularity yet.

Actually Bitcoin is gaining more popularity and we are in the process wherein every countries are in deliberation whether they will accept crypto as their additional currency or not, or if they will legalize it or not, Bitcoin is 10 years now, we have long way to go and people are now becoming more aware and joining every opportunity in crypto world, so I don't think that it is losing popularity.

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October 17, 2019, 03:19:57 PM
 #125

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.

for me it is not the main factor that bitcoin loses its popularity, but the government or the country is still studying crypto and bitcoin. the proof is that currently in my country there are still including low-income countries.

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October 17, 2019, 03:38:02 PM
 #126

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.

for me it is not the main factor that bitcoin loses its popularity, but the government or the country is still studying crypto and bitcoin. the proof is that currently in my country there are still including low-income countries.
I hope they find good insight into bitcoin and become more popular when another country introduces Bitcoin as a great help to our economic growth. Probably there is a conclusion. Maybe it's due to its value since the value of bitcoin now is so low the reason why there are only a few people who are attracted to invest on it and I think in order to regain it's popularity much better to double or triple it's price to attract more people to invest in order for them to be able to earn big profit.

I believed when the next halving comes it will gain again much more popularity and people will adopt again and hoping they will gain profit but the fact they are too late, they cant jump in when the price is high.

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October 17, 2019, 03:44:31 PM
 #127

Although Bitcoin is losing popularity as you said, Bitcoin will continue to spread his wings throughout the world step by step. I don't think that now Bitcoin has lost his popularity, many whales still want to buy Bitcoin.
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October 17, 2019, 03:49:46 PM
 #128

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 your opinion is wrong. See statistics on the use of bitcoin transactions and bitcoin addresses. A lot of newcomers appear in the crypto sphere, especially in 2019. Maybe Bitcoin is not a popular topic for conversation as weather, but it has enough popularity to attract new users and be a topic of discussion among leaders of many countries
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October 17, 2019, 04:02:37 PM
 #129

Buying an entire bitcoin is beyond the reach of some, but you can buy increments and work your way up as the average person, eventually owning a whole bitcoin.
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October 17, 2019, 04:03:23 PM
 #130

Although Bitcoin is losing popularity as you said, Bitcoin will continue to spread his wings throughout the world step by step. I don't think that now Bitcoin has lost his popularity, many whales still want to buy Bitcoin.
It's not losing popularities but the opposite instead, more countries are starting to be curios about this currency they are trying to gain control
by placing rules to have jurisdictions, to those who are not yet being open to this system they are tagging bitcoin as something as illegal. But
to those who already have good outlook to this system, innovations is more welcome and adding this new currency is their to work out.
gunhell16
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October 17, 2019, 04:09:25 PM
 #131

Maybe you right with bitcoin losing popularity with very lower price today, for October bitcoin never back to raise higher price and still down with $8 where last month bitcoin above $10k, will become bad thing for bitcoin losing popularity and give bad for altcoin price? lets give best for bitcoin can raise to higher price again and we need to get much profit with bitcoin investment for long time because only bitcoin become profitable investment.

Bitcoin price is depreciating but that does not mean that the popularity is losing, we are free before and we can use it in every country.
Bitcoin gets the attention of every country and now it is banned to some of them! Bitcoin is more popular now and many governments is getting their hands on the cryptocurrency to do scared of being their FIAT be out! Don't set your meter of popularity to the price of bitcoin in the market!


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October 17, 2019, 04:48:52 PM
 #132

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.
Please, if you want to share your opinion, at least there is an understanding and correlation about what you convey. there is no correlation between the low income countries and the declining popularity of bitcoin. a lot of information about blockchain technology and especially the concept of stable coin, makes the news more focused on it. last week until now the market dominance is still on the side of bitcoin. its popularity lies with those who make significant hype and development.

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October 18, 2019, 01:14:20 AM
 #133

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.

In this regards, if certain countries are not providing their support for the bitcoin, still, bitcoin is at a massive development in its adoption to most of the countries. That's why I am not agreeing about bitcoin losing popularity. Sooner or later, if the government acknowledge bitcoin for low income countries, that chances are favorable that it will further become popular and adopted widely, right now they just need time to consider things that crypto can affect them.
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October 18, 2019, 01:50:33 AM
 #134

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.
For me, bitcoin is not losing its popularity may be in a different country. But in my state, bitcoin is becoming well-known because a huge company announced that they would be accepting bitcoin as a payment and vice versa. Also, before that, some schools advertise that they will be accepting bitcoin as payment for tuition fees. Some ppl leave bitcoin because they can't profit well because of the price rate, but I'm sure if bitcoin is almost legal to your country I'm sure that even bitcoin's price rate decrease you will continue using it. Smiley
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October 18, 2019, 07:31:54 PM
 #135

Maybe you right with bitcoin losing popularity with very lower price today, for October bitcoin never back to raise higher price and still down with $8 where last month bitcoin above $10k, will become bad thing for bitcoin losing popularity and give bad for altcoin price? lets give best for bitcoin can raise to higher price again and we need to get much profit with bitcoin investment for long time because only bitcoin become profitable investment.

It isn't that it is losing popularity. It is that when it goes up in price then people talk about it because it is doing well. When it isn't then people don't talk about it. Only true belivers stay around during the drops. They know it is only temporary and won't last long, they look ahead in years time not like most other people who only focus on the present.

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October 18, 2019, 08:58:28 PM
 #136

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.

People in low-income countries can't use the currency due to the artificial fee market created by Blockstream. But not worries.

There are many alternatives coming along which will solve this problem like Bitcoin Cash which is fully aligned with the original vision.
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October 18, 2019, 11:00:03 PM
Last edit: October 21, 2019, 08:16:03 AM by Magkirap
 #137

Maybe you right with bitcoin losing popularity with very lower price today, for October bitcoin never back to raise higher price and still down with $8 where last month bitcoin above $10k, will become bad thing for bitcoin losing popularity and give bad for altcoin price? lets give best for bitcoin can raise to higher price again and we need to get much profit with bitcoin investment for long time because only bitcoin become profitable investment.

It isn't that it is losing popularity. It is that when it goes up in price then people talk about it because it is doing well. When it isn't then people don't talk about it. Only true belivers stay around during the drops. They know it is only temporary and won't last long, they look ahead in years time not like most other people who only focus on the present.
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.
First of all the decrease of price of bitcoin doesn't really corresponds that bitcoin isn't popular, its just that there were only few transactions or trading of bitcoins are taking place. We all know that cryptos was extremely volatile that is why we should not be amazed if its price drops in a single time for its normal. What we can do is to support bitcoin as it takes the journey in the crypto world.



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October 18, 2019, 11:14:53 PM
 #138

Although Bitcoin is losing popularity as you said, Bitcoin will continue to spread his wings throughout the world step by step. I don't think that now Bitcoin has lost his popularity, many whales still want to buy Bitcoin.
I don't believe that OP did the right statement, Bitcoin never been losing its popularity but instead, it gaining more. Only the price steps down but it actually never been dump too dip. The name Bitcoin still soaring high, in fact, many establishments accept Bitcoin which I believe this could be a start for huge crypto adoption and helping to promote Bitcoin as another mode of payment.
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October 18, 2019, 11:20:26 PM
 #139

~snip~ But, nowadays, it seems that Bitcoin is losing its popularity. Because, not receiving validity in low income countries.

Sorry, I don't think so. The decline in Bitcoin prices cannot be attributed to its popularity. We know that most of the reasons for current declines are caused by whales or big traders. They are likely to manipulate prices on the market. The issues of rejection from various countries have already appeared from the beginning, it was already happening for many years. So, I don't think it contributes big impact on Bitcoin's popularity.  

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October 18, 2019, 11:39:50 PM
 #140

With the likes of Facebook libra, Donald Trump tweet, Samsung and Microsoft venturing into Blockchain technology, this year has even exposed Bitcoin to the outside world than ever before. It has gained more popularity than losing any.

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