Are People Losing Interest with Bitcoin?

[Magkirap]

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?

I don't think it was considered as a loss of interest its just that bitcoin drops it price resulting to a lesser trade rate. Given that the Bitcoin is manipulating by those big whales, the price of bitcoin will also be impacted due to its demand. Bitcoin was volatile and therefore understandable that its price may change in a single time that is why we need to be critical about the decisions that we are making. We should not be affected by oir emotions but rather be strategic.

[buwaytress]

Yes they are. And no they aren't.

People with interest that wane and wax with how the market performs haven't really been interested in Bitcoin other than its speculative nature and profit potential. Which is why long term, interest spikes and dips don't apply and aren't of much concern to most Bitcoin users in the space.

I say Bitcoin users and not holders or owners or traders either. They actually are rather mutually exclusive in my experience.

[Shasha80]

In my opinion right now in 2019 people don't lose interest with bitcoin, because market conditions are still bearish for some investors
don't dare to enter the market first. Mostly monitor the situation and keep the money in stable coins, so it looks like bitcoin is losing
popularity. And some people think bitcoin is losing interest, even though reality isn't like that. Now don't worry too much. Regarding this,
the most important thing is we still have to believe that bitcoin will return to the highest price as it did in 2017.

[coin-investor]

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?

You've already said it There will always be a plateau and a possible downtrend, this applies to everything, but that does not mean the interest is over, the interest is still there,  some areas will have a high interest in Cryptocurrency and some will have a downtrend, but in general there will always interest in Bitcoin because people have staked a lot of things in Cryptocurrency and many developers have transferred their skills here.

[oktana]

the more controversy that presses it will bring a wave of greater curiosity.

pressure from institutions continues to influence and this makes many people less interested anymore. But many people who already know it already understand and are waiting for a moment of trend reversal. many traders stop trading to avoid losses due to the downtrend, but that doesn't mean they leave.

[BChydro]

Very true, these are the newbies who have weak faith with bitcoin because they only invest in bitcoin because it can give big profits but with todays price that is sometimes bearish then they will loss faith in bitcoin.

Anyone who came after hearing the price of bitcoin soaring invested or accumulated bitcoin to make money and if someone says they are here to have a revolutionary system to challenge the world is simply lying, so if there is anyone who invested in bitcoin think that the price will go down then they would sell off so that they can enter at a lower rate and that is how you cut your losses and there is nothing bad in that.

The only people whose with bitcoin are those who have been with bitcoin through thick or thin. Bitcoin is very volatile and that investors should know better.

Every investor getting into bitcoin is well aware of the volatile nature of bitcoin and if you tell that you invested your money and the price of bitcoin does not matter then you are lying, having some emotional or movie words is great to hear but if there is a drastic pull back in the market i bet you will also sell to cut the losses so that you can enter at a later time .

[mkcjeewantha]

It's not fair to say that people have lost the interest in bitcoin, because once our world is going forward with new technologies everyone will find the use of this digital currency. In the future with new development projects based on this new digital currency system and the blockchain technology, it's going to be a very interesting world, trust me so there is nothing to worry you can always go forward with up and downs, TRUST THE PROCESS!!

[Kambal2000]

It's not fair to say that people have lost the interest in bitcoin, because once our world is going forward with new technologies everyone will find the use of this digital currency. In the future with new development projects based on this new digital currency system and the blockchain technology, it's going to be a very interesting world, trust me so there is nothing to worry you can always go forward with up and downs, TRUST THE PROCESS!!

Trust is what we need right now, Bitcoin has been in the industry for almost 10 years but still it is still standing and will for sure be part of our everyday life, if you are holding Btc  at the moment, thank yourself as you had the chance to buy it at cheaper price, 10 years from now we don't know the price of Btc, it can be times five of the price today or more.

[Nhor1011]

Do you have any proof that people are losing interest with bitcoin or is there any statistic method to be use to know if people still have or have lost their interest with bitcoin? I think it's difficult to say if people doesn't have interest with bitcoin. There's a lot of exchange and crypto trading of which many are trading. It means people are still patronizing and believing in bitcoin. Maybe only those newbie who doesn't know about bitcoin will stay away in crypto because they are afraid to take the risk.

[wxxyrqa]

One way or another today, it is safe to say that cryptocurrency is becoming very far from the idea that was declared at the very beginning of its creation, when it came to independence from regulators and various kinds of control.  At the moment, any news or statements by officials of various governments very sharply affect the state of the cryptocurrency market.  Just the other day, the G7 report was officially released that cryptocurrency could bring certain problems due to its instability, and the market immediately responded with a sharp drop.  And if we take into account Zuckenberg's next statement that the Libra project will not be implemented until the US government gives the Green Light, it also indicates that cryptocurrency is still dependent on external factors.

[ashmodeus]

if u think price going down because people losing interest with bitcoin, i guess it's totally wrong.
bitcoin still favorite after all, even nowadays when bloody bear come.

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.

so , what your opinion about bakkt market .
recently after the drop in Bitcoin price, Bakkt Volume Bot announced that the daily volume reached 296 BTC at that time, for reminder, before flash crash,volume just about 8 btc.
i guess people still have a interest in bitcoin.

[dmamigo]

One way or another today, it is safe to say that cryptocurrency is becoming very far from the idea that was declared at the very beginning of its creation, when it came to independence from regulators and various kinds of control.  At the moment, any news or statements by officials of various governments very sharply affect the state of the cryptocurrency market.  Just the other day, the G7 report was officially released that cryptocurrency could bring certain problems due to its instability, and the market immediately responded with a sharp drop.  And if we take into account Zuckenberg's next statement that the Libra project will not be implemented until the US government gives the Green Light, it also indicates that cryptocurrency is still dependent on external factors.

The government will never let cryptocurrency to be completely independent and hence, it will always be dependent on government and various other external factors. The trend is down and it is going down more I would say. But people can bring this up if we use it and in the coming festive season I am hoping we will see increased transaction and valuation.

General people listens and believes in any news or anything they hear. So the news heavily impacts on the market. Moreover, people loved the volatility more I would say, as Bitcoin and the crypto market is not jumping very frequently, I also felt people might have started losing interest. But people can also possibly waiting for the right time to jump in to grab the opportunity.

The most important thing is that we can just Hope.

[Ziskinberg]

I do not believe people understand well how bitcoin exist in the whole world.

There are people who understand and sees its potential while there are also people who don't believe on the potential of bitcoin.
Bitcoin usage is not mainstream yet so its normal to see only few people who are really interested with bitcoin but in the future if bitcoin will be successful we might see a lot interested in this technology for online payment and investment as well.

While there are less interest now, its time for us to capitalize and believe on its future by investing on it.

[eaLiTy]

I do not believe people understand well how bitcoin exist in the whole world.

It is a fact that you will find many people finding it difficult to understand bitcoin and how the price valuation is determined and for the people who mainly invest in the financial world of stock market and other investment it is hard for them to understand how a decentralized money will sustain and function, you can ask any economist and you will get into hours long debate on how they learned and understood things and not willing to change their concepts.

[Saint-loup]

In my opinion right now in 2019 people don't lose interest with bitcoin, because market conditions are still bearish for some investors
don't dare to enter the market first. Mostly monitor the situation and keep the money in stable coins, so it looks like bitcoin is losing
popularity. And some people think bitcoin is losing interest, even though reality isn't like that. Now don't worry too much. Regarding this,
the most important thing is we still have to believe that bitcoin will return to the highest price as it did in 2017.

What do you mean by "keep the money in stable coins"? You have some datas about that? If cryptos are only changed for stable coins, it's ok because people can come back in the market soon, but if they change their cryptos for fiats it's more disturbing.

[pawanjain]

A downtrend doesn't necessarily mean that people are losing interest towards it because there are people who trade short term and keep waiting for a good price to buy in again. Bitcoin's price had earlier gone down from $1000 to $100 but that didn't mean people lost interest in it and if it were so then we wouldn't have seen bitcoin at the current price today.

[Capt00]

It's not fair to say that people have lost the interest in bitcoin, because once our world is going forward with new technologies everyone will find the use of this digital currency. In the future with new development projects based on this new digital currency system and the blockchain technology, it's going to be a very interesting world, trust me so there is nothing to worry you can always go forward with up and downs, TRUST THE PROCESS!!

Trust is what we need right now, Bitcoin has been in the industry for almost 10 years but still it is still standing and will for sure be part of our everyday life, if you are holding Btc  at the moment, thank yourself as you had the chance to buy it at cheaper price, 10 years from now we don't know the price of Btc, it can be times five of the price today or more.

Trust and patience is what we all need right now, trust that bitcoin will surely bounce back and patience since we really don't know when will the bulls will come. Yes, it is true that bitcoin lived for 10 years already and has proven to have regained strength despite the dumps so we just have to be a little patient about it, this is not the time to lose interest to bitcoin.

[Pipdips]

I lost interest recently and this is why

Bitcoin has a new set of people controlling it now making it uninspiring. You have HR Department workers who recently heard about it and were handed HR jobs in crypto companies. The HR thing is the worst aspect I can think of.

Then you have big boring bank types which was inevitable and I have no complaint with them. You have crypto exchanges that are really just casinos if you get right down to it. They are casinos, not exchanges. You have many more regulations taking over but that was inevitable.

It is no longer a creative space. I think a lot of early adopters will get bored of the new crowd of people. The HR departments that ruin happiness for everyone and represents everything everybody ever hated about the workplace today.

I could see it getting better if people re-invented businesses that do not have HR departments. Furthermore, first take a snapshot of anybody that has ever held a job in the HR field, and completely block those people out of businesses. Treat HR like a virus.

HR departments depress everyones profits from every nook and cranny of the crypto environment. Your profits go into paying for more HR workers salaries and raises and new HR hires. Every which way. HR is going to hire more HR workers and quietly funnel away the profits from everyone else.
 
HR is the anti-thesis of bitcoin. The HR workers will reinvent their titles at work and hide under different department names to fool people into thinking they are your friend, but it is always HR. I know it sounds odd but I am sure of it, HR is not good news for crypto businesses.

[electronicash]

I think some people are really not interested in bitcoin anymore because they feel they are deceived and trapped in high prices during the tragedy in 2017 that the price of bitcoin can reach $ 20k and after that the price fell so deep that it made many people lose and hate bitcoin.

that is what they also feel back in 2014 when there was a mini bullrun of BTC going on and then also pop the bubble as they claim.

there was an article, i just read recently that the people actively interesting in BTC and crypto last June of last year were also the same number of people interested to invest and trade in crypto. the numbers didn't substantially grow which could mean that all we are doing are enticing people, luring them to coin into crypto. 

[nicecrypto]

Even if some people have left because of the market situation, those who buy at ATH during 2017 are mostly those who must have left, Many people are still supporting btc because they believe, those who where in to make quick money but unfortunately things didn't work out for them, the market will definitely recover and people will start coming back.