Are People Losing Interest with Bitcoin?

[salamat700]

There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow.

Is this something we have to accept or should we do something about this?

[Pursuer]

yeah, newbie weak hands are leaving bitcoin handing over their small amount of bitcoin to others who understand the true purpose of bitcoin, at a discount just to try and buy it back a couple of months later at a much higher price.

[Oasisman]

I think theres a statistics about how many times Bitcoin and cryptocurrency was mentioned in any social media platform. That's one way to identify whether we're lossing interest from the people or not. I just don't know how they come up with those numbers.
However, Downtrend doesn't mean we're lossing people or interest. Investors and traders was just getting along with the momentum.

[lobat999]

Crypto markets including Bitcoin's  may have suffered a downward trend for several months now but I don't think people are losing interest in it. In fact, the Government's of world's largest economies have started to  take these things seriously and started to take reviews and discussions on its implications over its possible adoption and integration on its economy.

Interestingly, the number of Bitcoin transactions and wallets created have been on a steady increase for several months indicating a surge in activity which could be an indicator of a rising interest over the cryptocurrency.

[pri3oner]

To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!

[Eugenar]

To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!

The next big goal to achieve the success in crypto is to transform the enthusiasm in bounty hunting into the enthusiasm in utilizing crypto by means that it should be used. Basically bounty hunting is good for a project but what might happen when bounty hunters becomes a trader is much more beneficial for the cryptocurrency space. Mostly, bounty hunters job is to earn and sell ahead, they can hodl a bit then focus more on trading since as you said so, bounty isn't that worthy at this time.

[Pearls Before Swine]

especially if we compare today with the days of 2017 and early months of 2018.

That should come as no surprise to you, since bitcoin was going crazy for most of 2017 and big gains tend to translate into lots of interest. 

Interest might be taking a break for the moment, but that's just it...it's temporary.  There has been crazy amounts of enthusiasm for bitcoin for the past 10 years and you can't expect it to be like that all the time.  There are going to be times in the market where things are very quiet and when it seems like investors aren't interested in bitcoin or the altcoin market.  Then when things start to look their bleakest, boom!  The market starts to go into overdrive and what seemed like lost passion returns with a vengeance. 

The bottom line is just to hold on and wait for better times, because they're coming.

[CryptoBry]

There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow. Is this something we have to accept or should we do something about this?

Without me citing statistical mumbo jumbo and just using my own analysis, in many ways people are losing interest with Bitcoin and cryptocurrency but don't get me wrong as this can just be a natural occurrence especially after the 2017 ATH and not really alarming. Expecting that anything can continue growing in terms of popularity is insane and as you said there will always be plateau.

What is important to me is that Bitcoin is fundamentally healthy and that steadily there is a good growth on its adoption. There will always be problems along the way and these can be affecting how some people are viewing and using Bitcoin and we can expect some to come and go. There are many forces in the market that we can never control and people's attention and interest is one of them.

[ChrisPop]

Many people were on Bitcoin only for fast big gains on their accounts. But when they have seen that it can go on the other way and liquidate them they got frightened. But still the infrastructure for trading bitcoin is being built up by the big dogs. Look at Bakkt and CMEs. Adoption is slowly increasing, but we need to focus much more on educating people about Bitcoin and cryptocurrencies so they actually embrace it instead of looking with doubt. Everything new in this world will be looked at with skepticism, but that doesn't mean it is not an amazing thing that could change the world for better.

[gunhell16]

People are not losing their interest in Bitcoin, there are still many holders but some are just weak and do panic.

To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!

Doing bounties is still profitable, The problem is just that most hunters are joining bounties without even studying and do research on it.
I am still earning from bounties like on the signature i am wearing now.

[squatter]

There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018.

Public awareness and hype tend to follow the price, so of course they were at their height in 2017. The same phenomenon happened after the 2013 bubble ended -- public interest plummeted along with the price.

There will be lots of renewed interest if/when Bitcoin is trading at $20,000 and above. Then the media hype cycle will begin again.

[Darooghe]

Those who economically don't understand that Bitcoin is likely to grow and gradually take over economic activity, tend not to think of things as a whole system. They don't follow concepts to their logical conclusion by saying "If everyone did this, then...", because they think of these things as useless and too unrelated to their life. It will never affect their ability to go home, play some random clicker game or watch a sporting event or Netflix. they will switch to Bitcoin when their bills start to charge bitcoin, and reject dollars; until then, they think it's a joke or an Internet play money.

They are also not programmers so they see no benefit to a currency that can be automatically verified by a software program. They don't understand how the Internet developed and why, or personal computers, so they can't imagine that in a very short time, exponential growth of technology could mean robots and software agents using Bitcoin could be the only way anything is done. OR they don't care.

[Aying]

To be honest, working on bounties is no longer worth it cos of HUGE amount of scam projects and projects that eventually are closed cos of current market situation that takes place for months!

Losing interest even participating in bounties are signs that you are lack of knowledge about crypto. many are still believing that bitcoin and other crypto currencies have potential in future. if you are still learning you might discover a thing that you want to know. even big investors are still learning and good side about that they earning a lot because they know the movement of all in crypto. so dont stop learning keep improving.  

[error08]

The interest in bitcoin comes with the price, whenever the price increase so does the interest and vice versa.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never leave bitcoin even after some crashes.

[Carlton Banks]

this is rather like asking:

"are people losing interest in good investments?" or "are people losing interest in trading?"


what do you think the answer is, OP?

[Kyraishi]

There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow.

Is this something we have to accept or should we do something about this?

That's not fair mate - your comparing a time where Bitcoin would be regarded as the top crypto-currency and it went up 5x in value within a month and was widely covered by all news outlets to a fairly dormant time where crypto-currencies haven't really moved at all, and crowdfunding opportunities have basically died down.

Most of the people who exited where likely only in the market for a quick profit anyway - doesn't matter now

[AliMan]

The interest in bitcoin comes with the price, whenever the price increase so does the interest and vice versa.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never left bitcoin even after some crashes.

Yes, after those crashes that went through which eventually pulled down bitcoin price the people tend to learned something valuable because of that experience. They only had that idea of joining the trend of the hype without even thinking the importance of it, if they hold their Bitcoin for so long. Some people may find it not interesting but there were more of them like me who still have strong conviction for bitcoin, even though it's not yet at the maximum level of price; yet the potential is somehow surprising.

[angrybirdy]

The interest in bitcoin comes with the price, whenever the price increase so does the interest and vice versa.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never left bitcoin even after some crashes.

Yes, after those crashes that went through which eventually pulled down bitcoin price the people tend to learned something valuable because of that experience. They only had that idea of joining the trend of the hype without even thinking the importance of it, if they hold their Bitcoin for so long. Some people may find it not interesting but there were more of them like me who still have strong conviction for bitcoin, even though it's not yet at the maximum level of price; yet the potential is somehow surprising.

It's understandable for a person to leave in bitcoin if he doesn't know how it works.
It is clear that they just joined due to the hype without knowing anything. They have already lost their interest now, but we all bet that if bitcoin will create another ATH, these people will return and repeat what they have done before.

[sehoon]

I think there are a lot of people who are losing interest in bitcoin. And I think that is because of the current situation of the prices. They don't think it is profitable enough that is why a lot of people are dumping their funds and just quit entirely.

[Baby Dragon]

I think not. I did not notice anything like this, on the contrary, more and more people are interested in bitcoin.

Actually its not easily to say those things particularly now unless you've done your own research, people are interested if they think they can get some benefits from it but there are a different kind of people who's still interested despite of some issues and problems that bitcoin is facing right now. People have different perspectives and choices, if they lose their interest then let them we don't have to please people it was their decision.