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Author Topic: Are People Losing Interest with Bitcoin?  (Read 920 times)
BennyK
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October 31, 2019, 04:01:02 AM
 #141

Checking the market dominance of Bitcoin will reveal that Bitcoin is rather gaining much attention than losing attention. It is the basic cryptocurrency on the market governments and large institutions look up to when cryptocurrency is mentioned. Based on the movement and activities of Bitcoin on the market is what these governments draw conclusions concerning the entire crypto space.

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October 31, 2019, 04:44:07 AM
 #142

Checking the market dominance of Bitcoin will reveal that Bitcoin is rather gaining much attention than losing attention. It is the basic cryptocurrency on the market governments and large institutions look up to when cryptocurrency is mentioned. Based on the movement and activities of Bitcoin on the market is what these governments draw conclusions concerning the entire crypto space.
I have noticed one funny thing, if bitcoin is in a flat state, there is low media coverage, no hype, no body cares
but if there some price's spikes - immediate media coverage, experts of all sorts saying their vision..
then everyone forgets about bitcoin again, till sudden price change  Grin
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October 31, 2019, 05:59:54 AM
 #143



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?


In 2019-20, the interest in Bitcoin increased. It's never decreasing.
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October 31, 2019, 06:51:35 AM
 #144



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?


It is something that we should accept. Not every cryptocurrency would always go up. Sometimes it goes down. Fluctuations are normal but not all trends will always be a trend. So bette accept the reality. What we have now may not stay longer than we expect. There will always be a new trend while the one is going down. That's how life works. It always have to be balanced.

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October 31, 2019, 07:01:40 AM
 #145



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?


In 2019-20, the interest in Bitcoin increased. It's never decreasing.
Yeah and one factor that Bitcoin increased more the popularity and it's users is because people would prefer investing on it, rather than in any altcoins that there is no assurance or guarantee at all.

If there is one coin/token that you know has a lot of potential to grow is Bitcoin, and people would prefer it than taking risk in something else.

 
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October 31, 2019, 07:08:47 AM
 #146

Maybe some small greedy investors are loosing interest, but the Russian government is expecting to mine 20% of the Bitcoin currently generated.
Bitcoin will very likely become the global reserve currency underlayer for governments who don't wanna Kowtow to the USA Federal Reserve fraud.
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October 31, 2019, 07:38:40 AM
 #147

I believe yes.My friend is leaving in bitcoins mining and transfer into drop shipping.
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October 31, 2019, 07:57:47 AM
 #148

The cost of bitcoin is going through many lows as well as highs with the past 2 weeks. Initially, the currency were definitely trading in the $10,000 range for quite a while, and then instantly (& unexpectedly) fall in to the mid $9,000 range and also talk to a low of $9,400, a cost it had not been caught at in some time. Today the cost has put back up, that's definitely reason to celebrate.

At exactly the same time, nonetheless, just how long are we likely to simply sit around and hang on for bitcoin to move & likely reach new heights? It meanders on fiscal ladder and does not appear to shift roles as frequently. This's excellent in the feeling that possibly the coin is stabilizing somewhat, though it is still not at the $13,000 top it had been at in early July. 2 weeks before, bitcoin looked poised to hit 2017 territory, but that apparently has not occurred yet.

One source brings up a fascinating question: has bitcoin become boring? This particular item is taking a look at the specialized charts and also attempting making light of the trends which appear to be following bitcoin almost everywhere it surely goes as of late. Regrettably, it is not hinting that bitcoin is going to reach exactly the same heights that it did in the conclusion of 2017, which means just one thing: in case we are fortunate, bitcoin will remain as it's and also move just somewhat higher.

Very best case scenario is it does not shed any further, but for a great deal of us, it just will not do. We are wanting to return to the times of when bitcoin captured up with no warning; in the event it expanded and also added a few 100 (or many 1000 dollars) to the cost of its in just a set period. Those times were thrilling, even though bitcoin has indeed proven bullish conduct since April of this season, we cannot help but want much more.

Apparently, this occurs with numerous various assets, gold being a main subject. One ounce of gold has shot up this season into the $1,400 as well as $1,500 ranges. The issue, nonetheless, is the fact that an ounce of gold was trading in the $1,200 range only a couple of years back. Consequently, not a lot has happened with orange in the long term.
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October 31, 2019, 08:06:04 AM
 #149

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.

No, people still interested to bitcoin and still growing as time goes on, it doesn't measured based on the days in 2017 to early of 2018.
You can check how many new exchanges are opened every year, how many people sign up to major exchnages such as Binance and Coinbase every month, and check the daily trading volume, the trend is increases.

 
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October 31, 2019, 09:58:03 AM
 #150

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!
Bounty in ico is a double-edged sword. Bounty hunters yes they do help a lot on promoting the project but also they contribute big on the lose of the coin the ico offered because most of bounty hunters are dumpers, persons who quickly sell out their coin for instant cash.
Ill think not all bounty hunters be a dumper, And i found out that the one doing dumpers are those receiving airdrop early they put it already in the exchange with a small amount. And lets go back about these topic in here, Ill think the only person are not interest in bitcoin are those tired for investing and trading that are losing so much cause of the prices of bitcoins are drop or tired of waiting.

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October 31, 2019, 10:19:34 AM
 #151

The decline in crypto is common after domination in 2017 until early 2018. Indeed, in mid-2018 until the end of 2018 bitcoin price very dropping. And many of us are frustrated because we lost a lot of money, especially for beginners this is a heavy blow. But now the market is starting to flare up again and interest in cryptocurrency is back on fire to invest in bitcoin. Yes we should realize that crypto is volatile, dominance over bitcoin will be repeated.
Only those weak hands had lost interest in bitcoin, we already observe when the market decline people become disappointed in bitcoin. That’s true we lose money when bitcoin plunges its value but very lucky for those who continue to believe in bitcoin and accumulate some BTC when the price is low. Exactly we have to accept the fact that bitcoin has it's volatility and in my view growth and interests in bitcoin somehow will increase once btc surge up again.

 
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October 31, 2019, 11:12:55 AM
 #152

Not noticed anything like that, rather, the interest increases every year.
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October 31, 2019, 11:34:00 AM
 #153

The decline in crypto is common after domination in 2017 until early 2018. Indeed, in mid-2018 until the end of 2018 bitcoin price very dropping. And many of us are frustrated because we lost a lot of money, especially for beginners this is a heavy blow. But now the market is starting to flare up again and interest in cryptocurrency is back on fire to invest in bitcoin. Yes we should realize that crypto is volatile, dominance over bitcoin will be repeated.
Only those weak hands had lost interest in bitcoin, we already observe when the market decline people become disappointed in bitcoin. That’s true we lose money when bitcoin plunges its value but very lucky for those who continue to believe in bitcoin and accumulate some BTC when the price is low. Exactly we have to accept the fact that bitcoin has it's volatility and in my view growth and interests in bitcoin somehow will increase once btc surge up again.
People are getting afraid because of bitcoin price now, they will panic and they want to sell their assets they too afraid that if bitcoin continues to goes down because of bear market they will lose all of their money without getting any profit from it. And also many fake news are being posted in different social medias that can affect too much to the market.

 
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October 31, 2019, 12:06:32 PM
 #154



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 really think people are losing interest in Bitcoin. If they were, the market cap and market volume of Bitcoin should be dropping and decreasing. Before you make such speculations, you should first analyze the market statistics of bitcoin from the past years and compare it to the present statistics. With this, you can have a shred of strong evidence backing whether people are indeed losing interest in Bitcoin. With such accusations, the only way to prove that people are no longer interested in Bitcoin is when you come out with analysis proving that there has been a reduction in the numbers of market volume and market cap for some time now.  Without this, no one will agree with you on this.

 
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cotton ball
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October 31, 2019, 12:15:22 PM
 #155



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?

Lower price of bitcoin least two years make many investor losing interested with investing in bitcoin, many investor disappointed make by bitcoin because buy and invested with bitcoin price above $15 on 2017, now they have tired and frustrated with bitcoin price under $10k and waiting when bitcoin back to higher price, when their investment money back or get profit?

 
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boris2470
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October 31, 2019, 12:48:28 PM
 #156



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?

Lower price of bitcoin least two years make many investor losing interested with investing in bitcoin, many investor disappointed make by bitcoin because buy and invested with bitcoin price above $15 on 2017, now they have tired and frustrated with bitcoin price under $10k and waiting when bitcoin back to higher price, when their investment money back or get profit?

No one is safe from Bitcoin volatility. But despite this, investors still keep in mind such an asset as Bitcoin, because it is gaining popularity and at any moment can give a super profit
jakoylantern
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October 31, 2019, 03:31:12 PM
 #157

For me, yes, some people are losing interest with bitcoin, especially to those ppl that got into bitcoin when the price is very high. The main reason is when bitcoin is costly many ppl thought that is easy money that you can earn a considerable profit easily without any effort. Also lack of knowledge about cryptocurrencies its nature, why the price is very fluctuating, etc. But then again, what do you expect to those ppl that don't want to make any effort. Smiley 
BennyK
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November 01, 2019, 09:08:38 AM
 #158

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.

No, people still interested to bitcoin and still growing as time goes on, it doesn't measured based on the days in 2017 to early of 2018.
You can check how many new exchanges are opened every year, how many people sign up to major exchnages such as Binance and Coinbase every month, and check the daily trading volume, the trend is increases.
Cross checking all these tells how Bitcoin adoption is increasing gradually. People are rather gaining more interest in Bitcoin and that is why Bitcoinstill occupies the largest market cap and its dominance is about 60%. Bitcoin Halving which is set to happen in 2020 will bring more attention to Bitcoin on a world wide scale.

Yaunfitda
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November 01, 2019, 10:19:56 AM
 #159

For me, yes, some people are losing interest with bitcoin, especially to those ppl that got into bitcoin when the price is very high. The main reason is when bitcoin is costly many ppl thought that is easy money that you can earn a considerable profit easily without any effort. Also lack of knowledge about cryptocurrencies its nature, why the price is very fluctuating, etc. But then again, what do you expect to those ppl that don't want to make any effort. Smiley 

On the contrary, it will also make people change their attitude towards bitcoin by just staying in the market because if they sell, they will lose in the end. It will also toughen individuals determination here, and will learn that bitcoin is not a get rich scheme, which I think majority reason why people are being suckered into bitcoin and crypto in general.

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November 01, 2019, 10:50:56 AM
 #160

For my own observation and opinion, my answer is yes. Definitely. The people of the crypto currency are continuesly leaving because of losing their interest with the current crypto market. If only the crypto market will boom again, then a lots of people will come back again, playing their own interest in crypto currencies.
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