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Author Topic: BTC seems to be fading out and loosing popularity.  (Read 662 times)
maxreish
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March 19, 2021, 04:21:46 AM
 #21

But if you are a bitcoin believer and showed to your friends about how the price history of bitcoin started, regardless of its price today, if we look into the future progress then buying bitcoin now will still be worth it.
 
 Other bought bitcoin when new previous ATH price were reached but look at how they strong to hold it because they are very optimistic about it. If its for long term investment, it is not yet late to buy.
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March 19, 2021, 05:08:31 AM
 #22

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins.
-snip
many felt the same way in 2017 when the price is skyrocketing(at least that's what the people around me felt that's why they didn't invest at the time). so I am not surprised that there are people who feel its too late because of the current price.

Do you think it is too late for someone to invest in btc?
No, opportunities to invest always arise because of bitcoin's volatilities I suggest people who want to invest in bitcoin should take full advantage of it just like most(maybe all) traders do.

Especially when it is not a huge sum?
how much is "not a huge sum"? in all honesty, I think investing with a small amount is impractical at the moment but just like what I said opportunities arise because of how volatile bitcoin is.

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March 19, 2021, 05:55:26 AM
 #23

Where do these "many people" come from? Literally, no one that I know of exits crypto because they believe BTC already reached its fullest potential. Just because a guy said he is bored with crypto doesn't mean the rest of the world said so.

I think you're generalizing tbh. Just take a look at the news, more and more firms are coming to buy and stock Bitcoin for the future.

Not all investors are losing interest on bitcoin when its price is volatile in the market, if you are not devoted on its price and full potential to secure our future then probably you will not really become successful with it. That's the reason why some holders are courageous and patient about bitcoin and they are observing and watching its price 24/7 in the market.

Hoping that most of us do have that kind of mindset and never leaving bitcoin just because you are not having any progress along with it.

Bitcoin can really secure our future, believe me because this is the mindset that most of us have.

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March 19, 2021, 06:20:50 AM
 #24

In what aspect of cryptocurrency that is fading out, to be sincere to you op, bitcoin is a cryptocurrency that can never fades up because it's a digital currency and no one can regulates it's values and it's existence, Note: the more people are castigating cryptocurrencies, the more Crypto information is been circulated, because these period, many people is investing bitcoin that shows that the popularity of bitcoin is still in higher motion..... except someone that is against bitcoin will portray negativity via btc.

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March 19, 2021, 06:31:06 AM
 #25

Many people will disagree with your claim, its just your friends that you are talking about, and they don't make the 100% of the population that uses bitcoin but they are just a part of it, I think that in the many countries, bitcoin is getting the opposite. But we can't ignore the fact that the transaction fees in bitcoin is expensive.

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March 19, 2021, 07:59:13 AM
 #26

What makes you think that the testimonies and opinion of your friends is enough to justify the fade out in popularity of bitcoin? Because the only time that it will matter is when you have around 100 million friends which is close to impossible if not impossible. There are a lot of countries and people that isn't reached by the digital tentacles of bitcoin so I think it is still too early to say that it is losing popularity considering that there aren't a lot of people that knows about bitcoin compared to global population, I think that it isn't even considered famous in the first place.
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March 19, 2021, 08:16:04 AM
 #27

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
You are totally wrong, if that is true, why there are too many institutions that invested in bitcoin, there are big and private companies that accept bitcoin.
Bitcoin is being popular and that is the reason bitcoin price now pumped so much because they know that this is a good potential for storing value. Maybe yes, bitcoin has been failed on the peer-to-peer transaction but in storing value people, will believe that they will get more profit upon holding bitcoin.
That is the fact here.
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March 19, 2021, 09:01:26 AM
 #28

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

It is still too early to say that latecomers are already left out. I am thinking positively and hoping someday BTC could hit a million dollar each. If that happens then it's still too early to be left out when you buy at the current price of Bitcoin. Nothing is just impossible bout here, anything can happen, and there's room for growth. The fact that BTC dominance is still high is a proof Bitcoin is still a good choice for most people, new comers or the old holders.
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March 19, 2021, 09:22:08 AM
 #29

People have been asking themselves the same questions for years now; "Am I too late to all this" "Is it worth it to invest now" so this is nothing new really. As a matter of fact I asked myself the same thing when I came back to crypto back in 2017, but luckily I realized that what I am thinking is nonsense and that is not too late a all to join this. Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.

Regarding the altcoins, again same thing; people getting into those dreaming about getting rich quick. Sure, some of them will make huge profits but majority will end up with way less than they would have if they bought bitcoin instead.


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March 19, 2021, 09:31:38 AM
 #30

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
If you will just ask an Average Joe regarding investing in Bitcoin then its normal that he will complain about the high transaction fees or he will say that "Bitcoin is very expensive at this moment" kinda thing.

In general, I don't see Bitcoin loosing popularity but its the opposite. I don't see investors exiting although I agree with what you said that there are "some" who are preferring to invest into altcoins rather than Bitcoin. Now to answer your question, it depends on your time frame. If you are willing to hold it then regardless of the price, you will buy but it would be better if you will just buy when it dipped or at least made a consolidation. If you will buy just for the short term then for me it is late.

I suggest that you and your friend must do Dollar Cost Averaging instead into Bitcoin and in some altcoins. Overall, I disagree with your subject title. Paypal and Visa (in the future) started to integrate Bitcoin into their system. Bitcoin will be introduced to millions of users of both of them. Its not loosing but gaining popularity Smiley.

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March 19, 2021, 10:06:45 AM
 #31

~
Your friend is just one of those people, but still you never know what others think in investing in BTC right now.
Don't they want that moon dream in price? I wouldn't convince your friend if I were you. Just continue buying and let others be left out and regret their decision into not investing one in here.
It is not too late for someone, OP.
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March 19, 2021, 10:07:33 AM
 #32

A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?

What make you think that's really happening? in fact for the current rise of bitcoin many people got curious about how they can earn with bitcoins especially when they know how much it worth way back year 2009 up to the present. That's why we can see so many newbies got scam its because they are been hype up with bitcoins pressence and they think to earn more bigger if they invest on certain platform but unfortunately they've been scam by false advertisement about how things work with bitcoin.

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March 19, 2021, 10:17:19 AM
 #33

With news like this, I don't think bitcoin is loosing interest:

Visa to allow bitcoin payments and explore crypto purchases with its card
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March 19, 2021, 03:13:30 PM
 #34

People are trying to make some negative fundamental atmosphere these days. How can you say such thing, specially after you see many companies are still investing on bitcoin. Bitcoin is not fading out and it's not going to be fade out, at lest not at this time when people are greedy about buying bitcoins and there is huge demand in the market. You are making thinking like what because the price reached the ATH and some people are selling bitcoins but none will exit bitcoin here people will sell at ath price and they wait for a correction to buy even more bitcoins. It's not loosing popularity at all but gaining popularity.

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March 19, 2021, 03:19:23 PM
 #35

You have to look at where it might go in the future when people are saying it could hit 100K, 250K or even 500K per coin.  At 55K or even 60K per coin, that would be like getting into it when it first started.

Just because you don't own a full coin doesn't mean you can't be a part of it's incredible rise in value.  Buy it in fractions that you can afford.  You will profit in the long run.
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March 19, 2021, 03:32:30 PM
 #36

I think the situation is totally the opposite and the popularity of Bitcoin continues to increase. There could be many people who choose to invest in altcoins but it is also the same for Bitcoin. And maybe even the number of Bitcoin investors could be higher, I don't know.  Grin  We can understand how much popular Bitcoin is now from even the huge investments of big companies.

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March 19, 2021, 03:40:04 PM
 #37

Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC. The story of course turned in a direction that now definitely does not go in favor of the ordinary small investor who dreams of buying 1 BTC, but if he is not generally greedy then he should know that everything he invests today in the future may be worth xx times more.



Ask anyone who bought any altcoin in 2017 and didn't sell it in 2017. They lost from 50% up to 98% of their money by bag holding.

It doesn’t necessarily have to be that way, because those who bought some altcoin at that time, and saved it to this day actually profited - for example ETH had its ATH in January 2018 ($1279), currently worth $1800. LTC on the other hand had its ATH on December 19, 2017 ($375) and is only worth $200 today. We can't even say that Doge holders did badly compared to 2017, the price literally went sky-high.

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March 19, 2021, 04:58:16 PM
 #38

Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC. The story of course turned in a direction that now definitely does not go in favor of the ordinary small investor who dreams of buying 1 BTC, but if he is not generally greedy then he should know that everything he invests today in the future may be worth xx times more.

I agree with it very much. It is never too late and it will never be too late for investing in Bitcoin. For example, I've found out that I could have been really a millionaire right now (no joke  Cheesy) if I pushed the right button. Of course I was demoralized after I realized it but I know that I can do that again in the future. So we should never think like 'this is the end'.

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March 19, 2021, 05:15:44 PM
 #39

It’s always the same story that keeps repeating itself every time BTC reaches the new ATH, and trust me people were asking the same questions in 2015 when you could buy 1 BTC for less than $200 - but then it was considered expensive compared to the time when for the same amount one could buy 20 BTC or maybe 50 BTC.
I was exactly one of those fools that thought BTC was too expensive when I first heard about it. It was late 2013 or early 2014 (I can't remember when exactly) and BTC was ~800 USD. So naturally as many other noobs i thought that if I can't afford one whole BTC that I should at least buy some coins tha are cheaper so I can own a lot. So I ended up spending 100 USD on various shitcoins instead of buying BTC.

Few years later when I came back to crypto I didn't make the same mistake. Instead,  I started buying BTC, realizing that I don't have to own 1 BTC immediately, or ever for that matter. It was important to own any bitcoin.


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March 19, 2021, 05:37:26 PM
 #40

Well for long term holders and strong hands investing in bitcoin is never late, remember when bitcoin hit $20k people who didn't buy earlier refused to buy and said it has reached its peak after a while bitcoin hits $30k and Keeps moving till it hits $60k tho it has retraced a bit and soon expect more pump, big investors and companies never sees bitcoin being too late to invest because there are looking foward to  the future and not the present. Everyday people gets to know about bitcoin and its popularity is going worldwide which means more investors will keep coming in, this will make the population and popularity of bitcoin to keep increasing pushing its price to new Alth.

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