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Author Topic: Bitcoin coins are losing popularity?  (Read 2899 times)
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October 19, 2019, 01:16:56 AM
 #141

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 dominance this year is very high this year, I wonder what is the basis of your statement. Even if it is beyond the reach of ordinary people but it doesn't mean that we cannot afford it.

We can buy whatever amount we like, it's not like we need to buy 1 bitcoin or more. We can choose how much we like to stock or it can be your saving if you have spare money then you can put it in bitcoin and few years from now, you can see how much is your savings worth. 
Bitcoin still dominance and not lost popularity until today, look at market how many percent dominance bitcoin than altcoin, last day I checked about 66% dominance bitcoin than altcoin and look bitcoin still not lost popularity, better if you keep invest with bitcoin and stop heard bad news talking about bitcoin have lost popularity and make price will be down, keep focus on your bitcoin as investment assets.

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October 19, 2019, 03:32:37 AM
 #142

Bitcoin is just starting its line to surpass anything. yet all country still banning and wanted to control it but in the other way they make bitcoin more famous. curiosity will bring awareness and demand. popularity of bitcoin will expand more that all users will benefit. no one now will going to stop bitcoin.

Watch out for this SPACE!
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October 19, 2019, 06:26:32 AM
 #143

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.
When bitcoin lower price absolutely lost popularity of bitcoin, depend with bitcoin price to get popular of bitcoin. Last first bitcoin launching to public no one know and interested with bitcoin, after bitcoin price pump to higher price not only person but also company want to adopt bitcoin as investment and digital payment. But at the future bitcoin keep lower price will possible bitcoin lost their popularity.
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October 19, 2019, 07:54:45 AM
 #144

It's weird if the basis on why bitcoin is losing popularity is just because of what's stated on the op. There's no actual proof and basis for that claim. Bitcoin is not losing its popularity and it's, even more, getting the attention that wasn't given to it for few years.

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.
Yes, very accurate.



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Rainbot
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October 19, 2019, 08:05:06 AM
 #145

I think people in low income countries should directly use lightning network.
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October 19, 2019, 11:29:46 AM
 #146

The popularity of bitcoin can not only be determined by the validity of a country. We all also know that bitcoin is a fairly controversial innovation, has certain plus and minus that is used as a consideration to be accepted or not by a country. Although not yet accepted globally, bitcoin is quite openly accepted by the world although not completely, due to certain binding rules, which are adapted to each country to protect its economic sovereignty.
On the contrary, I would argue that the popularity of bitcoin or we call it cryptocurrency is increasing. Moreover, one giant social media with such a large and influential community plans to make its own cryptocurrency. This indirectly introduces cryptocurrency to a larger community, inevitably they will also learn it until eventually, it will definitely relate to bitcoin. Is not it?

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October 19, 2019, 11:38:34 AM
 #147

Well, I am not for the idea that Bitcoin is losing its popularity. Checking the market stats now, it appears that Bitcoin dominance occupies about 70% and this is good for Bitcoin. Aside the market dominance, Bitcoin still remains the number one position on the market. Bitcoin is the future.
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October 19, 2019, 11:53:00 AM
 #148

I don't see the point. The cost of Bitcoin does not affect the possibility of using it by everyone. Even for low-income people. We ourselves gave it such a cost, but its main purpose, and remained available to all.

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October 19, 2019, 12:05:39 PM
 #149

Well, I am not for the idea that Bitcoin is losing its popularity. Checking the market stats now, it appears that Bitcoin dominance occupies about 70% and this is good for Bitcoin. Aside the market dominance, Bitcoin still remains the number one position on the market. Bitcoin is the future.

Good opinion, I have the same thought that it's impossible for bitcoin to lose popularity. Because many facts that show
that bitcoin is still the star in the world of cryptocurrency. One of them is almost in all exchanges shows that bitcoin
is still dominant compared to other coins. It shows that bitcoin is still popular and is still becoming the best. Because
bitcoin is king of the crypto.

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October 19, 2019, 12:20:59 PM
 #150

Well, I don't think bitcoin has lost any of its popularity, in fact, it had become more popular than before. Even the price of the coin has declined somewhat now, it still remains as the crypto king. This coin's dominance keeps sailing high each year and now it also had gained a great wider acceptance all across the globe with many of the huge companies accepting it. So, I don't find any reason for bitcoin to lose its charm...

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October 19, 2019, 12:28:24 PM
 #151

Well, I am not for the idea that Bitcoin is losing its popularity. Checking the market stats now, it appears that Bitcoin dominance occupies about 70% and this is good for Bitcoin. Aside the market dominance, Bitcoin still remains the number one position on the market. Bitcoin is the future.

Yes this article lacks the content as there is no way that the bitcoin is losing popularity especially when people are diverting funds from other altcoins to bitcoin this article seems immature to me but as this might misled the newbies who don't have much idea about bitcoin.

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October 19, 2019, 12:30:05 PM
 #152

Bitcoin is just starting its line to surpass anything. yet all country still banning and wanted to control it but in the other way they make bitcoin more famous. curiosity will bring awareness and demand. popularity of bitcoin will expand more that all users will benefit. no one now will going to stop bitcoin.
it's true, I see the future of bitcoin is huge, how could bitcoin lose its popularity when large companies start trying to enter cryptocurrency?
Facebook for example, this is an early sign that cryptocurrency does have a bright future.

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atjiat
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October 19, 2019, 01:19:23 PM
 #153

Bitcoin is just starting its line to surpass anything. yet all country still banning and wanted to control it but in the other way they make bitcoin more famous. curiosity will bring awareness and demand. popularity of bitcoin will expand more that all users will benefit. no one now will going to stop bitcoin.
it's true, I see the future of bitcoin is huge, how could bitcoin lose its popularity when large companies start trying to enter cryptocurrency?
Facebook for example, this is an early sign that cryptocurrency does have a bright future.
Apparently, Facebook will have huge problems with Libra, not only on the path to implementing its project, but also with real partners who already at this stage refuse to cooperate.  But with regard to Bitcoin, not everything is as unambiguous as it seems in fact, because there are difficulties and real potential, but these difficulties must and can be overcome.  If, for example, you get rid of poor scalability, then a large business in any case should be interested in large-scale Bitcoin transactions.
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October 19, 2019, 03:45:28 PM
 #154

Bitcoin is just starting its line to surpass anything. yet all country still banning and wanted to control it but in the other way they make bitcoin more famous. curiosity will bring awareness and demand. popularity of bitcoin will expand more that all users will benefit. no one now will going to stop bitcoin.

Government are egoist, they are eradicating all of the things that gets on their way that they can't handle. Fiat is their slave, and so we are (if we use fiat), it is true that they banned bitcoin because they can't control it, however with fiat, they could do all things they want from it, they can burn it or remove its price whenever they want to, they are also the one who gives value to fiat because they have the power to do so.

Bitcoin is beyond their limit, banning it won't' stop bitcoin, and that is what annoys them.
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October 19, 2019, 06:19:32 PM
 #155

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.
I agree. Bitcoin wont losing popularity, in fact it is being recognize because it is accepted as mode of payment on different country. Low price of bitcoin and small movement of it on the market does not a conclusion to think that it is now not popular, it just part of its volatility and still many cannot afford that price of bitcoin to have an investment.

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October 19, 2019, 06:31:40 PM
 #156

What is the validity you mean here because most of the low and third world countries trying to adopt blockchain technology as well as cryptocurrency for their government.
Reason is it will give better exposure for them in the international business market.
Fact is cryptocurrencies are getting popular in all the places including third world countries.

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October 19, 2019, 06:35:35 PM
 #157

bitcoin's dominance in the crypto-currency market is currently over 65%. Considering there are thousands of all coins, and Bitcoin has 65% of the market, that proves that pic when is still popular.
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October 20, 2019, 03:06:58 AM
 #158

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 people can still reach the price of bitcoin and it is an ordinary matter that the value of the bitcoin as very high as  of now and the reason behind this is the dominance of it around the world market. This also was the reason why bitcoin become more popular to the people hust because of it's validity and the dominance of it around the world trading. I don't know why did you say so that the popularity of the bitcoin is losing right now, maybe because of the huge dump of bitcoin and that was the reason you say that.
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October 20, 2019, 03:13:32 AM
 #159

Bitcoin is still the most popular cryptocurrency in the world. It is what comes first to the minds of everyone when cryptocurrency is mentioned because it has turned to be a public spectacle now. It has the largest market cap which means it has the highest dominance on the market. Most investors look out for its market movement before deciding on investing in any other coin.
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October 20, 2019, 03:26:19 AM
 #160

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.

Can you be more specific what low-income countries are those and do you have data to support your claim or this is just an assumption, not because the price is not what we come to expect we can say that Bitcoin is losing popularity
You can check it here https://trends.google.com/trends/explore?date=today%201-m&gprop=news&q=bitcoin you can hover on per region and you'll see that Bitcoin still holds the number 1 search term in that region in Canada, China Russia, and other countries.


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