Are people giving up on Bitcoin too quickly?

[ralle14]

They are giving up on Bitcoin on becoming an actual currency because of the huge fee for small transaction and also the price fluctuation.

The fees does spike up from time to time but transactions with low fee are still getting confirmed in less than 12 hours.

I kind of agree with the others, those people giving up could be the vocal minority. They might've given up for now but once Bitcoin becomes more widely accepted and used in the future I think they would easily go back to using Bitcoin.

[finaleshot2016]

Maybe they're not technical experts than can see the future of the development of cryptocurrency. They're the people who are just looking for the pump price of the cryptocurrency and not really believing its potential in the technology side. If bitcoin was accepted again as future payment on some platforms, probably they will use it. These kinds of people should learn what is the other capabilities of cryptocurrency not just in the market but also in how it will change our society.

[lumeire]

I think there are those people that don't actually care what happened to bitcoin. As long as they can get a profit out of their investments, they would invest in bitcoin and get out to their advantage. In the end, if we will be looking at the long run, I think the ones holding for a long time get the higher profit than those getting out quickly.

This is not always the case if you ask me, for example if we see the case of DeFi projects the early adopters are always the most profited when they sell early and the people who come late in the projects are the ones who are buying from these early adopters. So I guess selling late isn't the right choice always, I think there is always a time to ride the hype wave and then sell the coins when the hype is about to cool down as at that time we will be getting the most profit out of the investment.

[mezzaluna]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

Well, its also quite hard to develop Bitcoin without any support in which country you are residing from or even just the support from a large private company can be enough. There are already a lot of people who are missing out on the opportunity of learning Bitcoin but with this development, learning about them would actually be beneficial. I just hope people with big names really took the time to further utilize the use of bitcoin without abusing it.

[Rafiqul]

Crypto is the future and giving up now or ever would be unwise for me or anybody. I genuinely feel for those who recently jumped in on crypto and planned to triple their initial investments. But what you fail to understand is that in any real investment or company, there is no fast benefit....and cryptography is freaking legit.

I also believe that those who believe in cryptocurrency and love it will never leave the world of bitcoin or crypto. Those who are new to crypto, do not trust crypto, panic when the price goes down and sell quickly. Older investors tend to invest more when prices fall. Those who stick to crypto will definitely benefit.

[Renampun]

...

I'm just sure those who complain about Bitcoin are only those who can't make a profit from Bitcoin...
not as fast and easy that for Bitcoin to be mass adopted, it takes time and more extensive learning. don't give up and continue to HODL Bitcoin so you can feel the profit in the future.

[palle11]

This is not true at all, the number of people interested in crypto is growing every day. Just look at how many crypto news resources there are now. There is a lot of news, which means that activity is only increasing.

The population is increasing as you rightly said. I have seen many blogs and people talking and writing about bitcoin. I believe in no time in the future we are going to see bitcoin bull because of this new investors getting to know about bitcoin and blockchain technology.

[0t3p0t]

Maybe because these enthusiasts are taking advantage of the opportunity to make profit. They invested on Bitcoin when the price is low and then sell when price goes up and maybe they are just afraid to hodl like long term because of volatility. They wanted to earn fast that is why they are selling too quickly. Long term hodlers are those investors that with or without pandemic they survive without any issues but to those who are less fortunate like me that is a different story.

[South Park]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

It is their money and so they have the last word about what to do with it, however we must understand that the majority of people in this market are no longer here because they believe in the principles behind bitcoin, that time has passed, most people are here because of the volatility and the potential profits they can get so it is obvious why they seem to be only interested on when bitcoin will reach a new ATH and then they will sell their coins immediately after that, but let them be at the end we know for a fact that the ones that benefit the most out of bitcoin are the ones that keep themselves invested on it for the long term, so if they sell as soon as we reach a new ATH it is very likely they will leave a lot of profits over the table.

[jpnl0006]

Not everybody is going to agree to what Bitcoin has come to do, there will always be and opposition but one thing that's for sure is that Bitcoin has a large community and is dominating and also very much accepted and appreciated .. I only hope that they get educated about Bitcoin and when they do patience is one virtue they need to exercise it's one thing to gain knowledge about Bitcoin and also it takes patience to wait for the right time to make profits

[BChydro]

The population is increasing as you rightly said. I have seen many blogs and people talking and writing about bitcoin. I believe in no time in the future we are going to see bitcoin bull because of this new investors getting to know about bitcoin and blockchain technology.

If you are really expecting a bull run then you need to attract big fund houses that could invest billions into the market and with bitcoin being a strong performer in the financial sector for the past several years all the big fund houses and investors are aware of the market and these big investors determine the bull run .

[Ridwan Fauzi]

I just think for those who know bitcoin by fundamental factor only they will sell bitcoin when the price continuously fall. They will afraid by holding it because they are afraid to lose all his money in several times, unless his intention for long term investment and he is not afraid or didn't look the movement price of bitcoin. It would be different for those who know bitcoin by fundamental factor and they have the knowledge to technical analyst then I bet they will hold bitcoin if their intention for long term investment. We believe that the history will repeat itself, it just a matter of time, bitcoin will touch it previous ATH and even some of the predictors believe bitcoin could reach $100.000 by 2021.

[The cure]

Maybe one of the reasons why they quit bitcoin so quickly and they sell it right away and are afraid to hodl because of what is happening in our economy and this is one of the impact on people, because of the unexpected events in our world today that should not happen so maybe they think it can also happen in bitcoin so they lose confidence in it.

[Ayiranorea]

People won't give up very earlier, but won't get into cryptocurrency whole heartedly. This happens as a result of people getting caught on scams or other multiplier traps. When one get into bitcoin, everyone will be blank with an eagerness to earn something out of it than using it on real life daily needs. This eager make people to invest without proper learning about the risks as well as the chances of money making. This loss makes people end up quickly, while majority try to learn and correct themselves.

[BADecker]

Just a few minutes ago - check the timestamp of this post - Bitcoin jumped from $11,100 to over $11,400. Of course, BTC has started back down.

[rodskee]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

Let them think of what they want because most of those people are just BS about Bitcoin and none of them are true investors so there is no chance that they will trust or Buy bitcoin.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

Better if people Bought again before the price goes like now,we are now at $11,400+ in price so i believe we are now taking the $12,000 position again and maybe this is the Bullrun that we are all waiting for.

Let those Fud cry because of bitterness as they did not succeed making Bitcoin price fell that low.

[HakaseMarui]

If you know someone who's giving up on Bitcoin, tell them that its not okay to regret later

[F_Societys]

Bitcoin can not be considered independent at the moment.
People also believe in something that already exists and has been their way of life.
So we have to give Bitcoin more opportunity and only the passage of time will make progress.

[Sapphire915]

I assume this is the same people who doesn't think Bitcoin as a currency, instead they think Bitcoin is a tool or an asset that could make them rich quicker than being a hard worker in their respective day jobs.
Well, they are part of the adoption, but with different perspective. Sad to say, there might be not half of Bitcoin users who truly supports Bitcoin in general.
Bitcoin is already a currency, people just don't use it as it is, most of us have considered it as a store of value.

I also think the same. This individuals have no patience and hard work for they might think that in just a blink of an eye they will be rich that quick. And when they encountered failures and hardships along the way here in crypto world, they will easily give up without thinking that they will be losing more investments and profits for their whole life. Hope this people will soon realize how important and beneficial that bitcoin really is.

[Wind_FURY]

I think there are those people that don't actually care what happened to bitcoin. As long as they can get a profit out of their investments, they would invest in bitcoin and get out to their advantage. In the end, if we will be looking at the long run, I think the ones holding for a long time get the higher profit than those getting out quickly.

Well, every people has their own judgment wether to stay longer in bitcoin once the all time high reached. But, some grab the opportunity in taking profit, of course. So they are thinking on the long term opportunity that a bitcoin could offer. When holding long term a chance to earn huge profit if the price soar in the marker. So people giving up quickly on bitcoin because of don't believe in its adoption happening.

I think some of us here are not even thinking that there will be a huge adoption in the future, some of us are just taking advantage of what they can do right now.

From an investor's standpoint, their "right now" would be a very big mistake, because "tomorrow" WILL have Bitcoin with 6 digits.

But I think there are those that trust the process, that believes that bitcoin will be a huge part of an economy of a country in the future. That it will be a great currency used online.

Bitcoin is a ground-breaking invention like the printing press, personal computer and the internet. Yes or no?