worle1bm
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September 17, 2022, 06:49:53 AM |
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I agree with your whole post, but I should add that there is still a lot to be learned from the history. And it is not about history repeating. For example the simplest and first thing anybody would learn by looking at bitcoin charts is that the market is very volatile and sudden drops and sudden rises are normal and don't have to have some big reason behind them.
I think some who enter the bitcoin market see it as tool to become rich overnight as they see prices rising and people getting profits completely ignoring the charts and volatility factor and when it's start going down or whenever we witness correction in the market they start selling off in panic so they need to understand this thing that it's volatile and prices fluctuate each second due to market fluctuations but they still keep going on the same old track and loose the money because they don't have patience and understanding of the market.
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Jeger.Kiting
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September 17, 2022, 08:21:47 AM |
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Bitcoin is definitely somewhat a household name now, but nah I wouldn't say that people in general "trust" it. Most people still think that it's a huge scam/scheme waiting to blow up.
Maybe people have heard about this through any media and it's just that they don't really believe and believe that Bitcoin will be big in the future, so they think as usual with Bitcoin at that time. At that time there was indeed a lot of news circulating about Bitcoin for reasons such as fraud or to fund terrorists to commit crimes, with so many people who did not believe in Bitcoin at that time.
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Victorik
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September 17, 2022, 07:36:59 PM |
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People who said its something strange now start to get interested about bitcoin. Its all over news and btc is mainstream now
People trust now btc becouse they dont trust things what not supported by well known people. More investors will jump in couse of ELON MUSK .
Those who trust tesla trust bitcoijn now
Yea. I agree that BTC has become more popular than before. Right now, there's more awareness for BTC, but trust me, there are still quite a lot of persons who have not even heard about BTC. So there's still much to be done in terms of publicity and acceptance.
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landheer
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September 18, 2022, 11:17:15 PM |
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yes, now people are getting to know bitcoin a lot, and bitcoin is now getting more and more popular and maybe it's because there are many famous people in the world they adopt bitcoin, but in my opinion there are still many people who don't know about bitcoin because they still don't know what it is it's bitcoin,,, but I think over time bitcoin will definitely be more popular in the future,,
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tomos81
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September 18, 2022, 11:37:47 PM |
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Elon Musk and Tesla are bound to come up when discussing Bitcoin. Elon Musk was a big investor, he posted this and the price of Bitcoin went up but a few days ago he sold everything Bitcoin because of this. The Bitcoin market crashed. But let's get back to discussing Bitcoin and what other big investors need. If the big, big investors come in, I think the Bitcoin market will go up again.
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Stella Mese
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September 19, 2022, 02:12:34 AM |
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Bitcoin has attracted a lot of interest from all walks of life. from the bottom to the top. from workers and employers. I'm pretty sure that bitcoin will get more attention later on by the government. though now they don't seem interested. but I'm sure they're all actually scared of bitcoin. because bitcoin is like the waves of the ocean ready to hit them. bitcoin is already taking people's interest. and maybe now the government is still trying to divert the attention of its citizens so that they are not too interested in bitcoin by creating a blockchain-backed money system. like CBDC but still centralized. but they forgot. that what makes bitcoin much in demand is because it has a decentralized system. So there's a kind of freedom in it. everyone has the same opportunity. different from the central one. that is, the one who has the power to rule. and opportunities can only be achieved by those who are close to the authorities.
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Nrcewker
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September 19, 2022, 05:02:46 AM |
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People who said its something strange now start to get interested about bitcoin. Its all over news and btc is mainstream now
People trust now btc becouse they dont trust things what not supported by well known people. More investors will jump in couse of ELON MUSK .
Those who trust tesla trust bitcoijn now
Wow seeing the OP’s post, it really gives a nostalgic feeling. Really at that time Bitcoins were really in hype due to the high price and Elon musk’s twitter posts. Nevertheless this time will again come , where people will again rush and panic to buy the Bitcoins due to the price high. And big businessman like Musk etc will do big posts about Cryptos. As OP mentioned, yes Bitcoins are quite popular now, and each and every person have now heard about Cryptos.
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Marykeller
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September 19, 2022, 06:17:56 PM |
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The popularity of bitcoin has been known before Elon Musk found interest in crypto. I get to find out about bitcoin through the media, and friends. Not from Elon Musk.
It was at the early stage of bitcoin creation that people has fiction ideas in them, not to trust bitcoin. Now, it is no longer the same cause many people are getting more involved in crypto than ever before.
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lucates
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September 19, 2022, 06:48:45 PM |
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People who said its something strange now start to get interested about bitcoin. Its all over news and btc is mainstream now
People trust now btc becouse they dont trust things what not supported by well known people. More investors will jump in couse of ELON MUSK .
Those who trust tesla trust bitcoijn now
Most of them know the name bitcoin but, how many are actually involve in trading and investment in bitcoin? How many people have positive attitude towards bitcoin? We should put some more effort to reach out this but actually the people connected with bitcoin is incredibly increased within a year.
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justdimin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 19, 2022, 07:12:40 PM |
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People who said its something strange now start to get interested about bitcoin. Its all over news and btc is mainstream now
People trust now btc becouse they dont trust things what not supported by well known people. More investors will jump in couse of ELON MUSK .
Those who trust tesla trust bitcoijn now
Wow seeing the OP’s post, it really gives a nostalgic feeling. Really at that time Bitcoins were really in hype due to the high price and Elon musk’s twitter posts. Nevertheless this time will again come , where people will again rush and panic to buy the Bitcoins due to the price high. And big businessman like Musk etc will do big posts about Cryptos. As OP mentioned, yes Bitcoins are quite popular now, and each and every person have now heard about Cryptos. Those type of hypes do happen all the time, usually it stayed with social media but this time around it became part of regular media as well, you started to see stuff about bitcoin and even smaller coins in the crypto world about altcoins as well. I remember watching "coin founders" online as well, made no sense to me since I prefer decentralized projects, and seeing people who created their own coins to be talking on TV made no sense to me, it was still a good thing about media having some attention period towards all cryptos. Now we are back in bear market and not see that much on TV, we hear about it on newspapers but not on TV, which I am sure will change when the bull comes and we will be back on TV again.
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bocyaj
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September 19, 2022, 07:57:34 PM |
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Many new people get into the bitcoin investments now.Some people doing long run investment ,some people doing short term profit.But nothing can stop the people from earning profit,if they trade for the long term.The time duration for the long term trading is not a fixed one.You should wait as long as it considered to increase to the next pump period.It may occur in few months or even a 6 months.Or it also take a complete year for the raise in price.
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_BlackStar
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September 19, 2022, 08:01:55 PM |
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Bitcoin is all over news, still adopters are not many.. not many people know what is a smart contract and not many people know how to get your own wallet and how to use funds from it. Most of them don't really see it as a transactional currency but as some sort of investment. There is a serious need to educate people about how to use Bitcoin. Mate, these days it's pretty easy especially if anyone is curious about bitcoin. One keyword [bitcoin] typed in a google search will direct them to various information about bitcoin. So if they care, then I'm sure they'll be fine. Bitcoin is not a new thing among people who have a concern for things that are digital. I'm pretty sure stock investors around the world already know about bitcoin even though they only know the price without knowing how it works. Bitcoin is not something new anymore, so many people will take advantage of it, including journalists who often talk about it in various media.
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OgNasty
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September 19, 2022, 08:30:18 PM |
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Regular people still don’t consider Bitcoin real money. I have friends who I’ve discussed Bitcoin with for over a decade that still think it isn’t real money. They don’t understand that Bitcoin and dollars are easily interchangeable. This is how I know we’re still early. There’s videos on YouTube showing people taking $100 over 1 Bitcoin because, “Bitcoin isn’t real.”
It will be a long time before Bitcoin is considered non-fiction to a massive % of the population.
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TelolettOm
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September 19, 2022, 08:58:32 PM |
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We can't deny that the sounding of Bitcoin by top popular people around the world will really give big impact on the popularity and trust of Bitcoin itself. Here, we may see how many people are investing in Bitcoin, not because they have learned, but because they follow the decision of some top people in the world. Is this good? On one side it is good to increase many more people at least know at first about BTC. But on the other side, people must not only follow other people, they must decide by themselves if the investment in Bitcoin is exactly potential or not, appropriate or not for them, and how to invest in Bitcoin wisely.
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minairia3
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September 19, 2022, 09:22:35 PM |
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, we need other famous people to invest in bitcoin in the future
I don't think this is necessary, the purpose of celebrities like Elon Musk is not to find a way to help bitcoin or anyone else. They are just looking for their own interests. Last year Elon used his reputation to inflate bitcoin so that people who believed him, they started investing in bitcoin but then he and Telsa silently sold all their bitcoins causing bitcoin to plummet. People who invest in bitcoin because they believe in him have lost and they lose faith in bitcoin because they think bitcoin is a scam. Nowadays bitcoin is all over the media, so we don't need celebrities to spread bitcoin anymore, bitcoin is nothing new anymore.
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sulendra12
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September 19, 2022, 09:46:15 PM |
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People who said its something strange now start to get interested about bitcoin. Its all over news and btc is mainstream now
Whenever the price is surpassed the unusual number in the future, the mainstream medias for example on TV will just make a news about it so more people will be aware with the existence of Bitcoin. And also whenever you find the article about the investment, then you will most likely see Bitcoin is on the list for the investment method other than stock markets. People right now are aware about Bitcoin, but still they are not yet involved into Bitcoin because of whatever reasons. They just know about the outer of Bitcoin and it's not even close.
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ChiNgadOr
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September 19, 2022, 10:14:12 PM |
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, we need other famous people to invest in bitcoin in the future
I don't think this is necessary, the purpose of celebrities like Elon Musk is not to find a way to help bitcoin or anyone else. They are just looking for their own interests. Last year Elon used his reputation to inflate bitcoin so that people who believed him, they started investing in bitcoin but then he and Telsa silently sold all their bitcoins causing bitcoin to plummet. People who invest in bitcoin because they believe in him have lost and they lose faith in bitcoin because they think bitcoin is a scam. Nowadays bitcoin is all over the media, so we don't need celebrities to spread bitcoin anymore, bitcoin is nothing new anymore. We are very glad that his intentions had been known to us that he intended to use Bitcoin to promote his Tesla car company so that more buyers and Bitcoin lovers will tend to go for his product since he had a lots of things in his mind. Bitcoin is becoming more known to the world especially for those countries that decided to adopt it as a way of payment system. We should be expecting more positive news soon with time because the world is going to finally see good reasons why we'll need a digital currency that is decentralized.
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┌∩┐(◕_◕) ┌∩┐ Not your keys, not your coins. Binance (and any other CEX) can fuck off ┌∩┐(◕_◕) ┌∩┐
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kamvreto
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September 19, 2022, 10:28:36 PM |
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, we need other famous people to invest in bitcoin in the future
I don't think this is necessary, the purpose of celebrities like Elon Musk is not to find a way to help bitcoin or anyone else. They are just looking for their own interests. Last year Elon used his reputation to inflate bitcoin so that people who believed him, they started investing in bitcoin but then he and Telsa silently sold all their bitcoins causing bitcoin to plummet. People who invest in bitcoin because they believe in him have lost and they lose faith in bitcoin because they think bitcoin is a scam. Nowadays bitcoin is all over the media, so we don't need celebrities to spread bitcoin anymore, bitcoin is nothing new anymore. We are very glad that his intentions had been known to us that he intended to use Bitcoin to promote his Tesla car company so that more buyers and Bitcoin lovers will tend to go for his product since he had a lots of things in his mind. Bitcoin is becoming more known to the world especially for those countries that decided to adopt it as a way of payment system. We should be expecting more positive news soon with time because the world is going to finally see good reasons why we'll need a digital currency that is decentralized. Elon Musk created a mindset where when they use bitcoin they will also remember tesla and some ado[si's ever done. Elon musk is also a very strong character on bitcoin and DOGE as Elon musk is actively continuing to make influential tweets about cryptocurrency. Bitcoin is currently better known by the world community as the most valuable digital currency and some other controversial news. Bitcoin is becoming a more modern payment option but in many countries it is still not legalized. If we look at bitcoin 5 years ago, bitcoin was not as phenomenal today and bitcoin has not become an asset that is really needed.
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kawetsriyanto
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September 19, 2022, 11:03:58 PM |
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Regular people still don’t consider Bitcoin real money.
It is because they don't really know what Bitcoin is. I have friends who I’ve discussed Bitcoin with for over a decade that still think it isn’t real money.
Yep, Bitcoin isn't real money, it is a digital currency. Tell them if you think real money = physical money, you won't ever know about a digital era. I guess your friends never know the digital world, mate. Do they have smartphones? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) They don’t understand that Bitcoin and dollars are easily interchangeable. This is how I know we’re still early. There’s videos on YouTube showing people taking $100 over 1 Bitcoin because, “Bitcoin isn’t real.”
I assume your friends don't know how easy to use Bitcoin. They think it is hard to exchange with fiats. They also may not understand if Bitcoin can be exchanged with dollars or other fiats in many places. Even we have more ATM Bitcoin now. Sure, we are still in the early step of being BTC as a global digital currency. Not all people know about Bitcoin, even some people may not know if there is something called by a digital currency. CMIIW
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AmoreJaz
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September 19, 2022, 11:19:18 PM |
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Regular people still don’t consider Bitcoin real money.
It is because they don't really know what Bitcoin is. I have friends who I’ve discussed Bitcoin with for over a decade that still think it isn’t real money.
Yep, Bitcoin isn't real money, it is a digital currency. Tell them if you think real money = physical money, you won't ever know about a digital era. I guess your friends never know the digital world, mate. Do they have smartphones? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) They don’t understand that Bitcoin and dollars are easily interchangeable. This is how I know we’re still early. There’s videos on YouTube showing people taking $100 over 1 Bitcoin because, “Bitcoin isn’t real.”
I assume your friends don't know how easy to use Bitcoin. They think it is hard to exchange with fiats. They also may not understand if Bitcoin can be exchanged with dollars or other fiats in many places. Even we have more ATM Bitcoin now. Sure, we are still in the early step of being BTC as a global digital currency. Not all people know about Bitcoin, even some people may not know if there is something called by a digital currency. CMIIW we can't judge other people but there are still many of them who have different notion when it comes to bitcoin. as they don't have first-hand experience, they can think of so many things out of the actual existence of btc. for sure, just asking around your neighbours will give you a hint that most people still don't know how to transact with btc. the population who are into crypto is still very small as compared to world's population. so there's no doubt you can still encounter individuals who have very different outlook in btc
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