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Author Topic: BTC seems to be fading out and loosing popularity.  (Read 662 times)
TedMosby
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March 21, 2021, 04:18:13 PM
 #81

yes, I agree with you, the transaction fees really become a big barrier for newcomers to join. mostly to people who don't have much money to invest.

however, let's take a look at this worldwide google trends data* for some specific keywords; cryptocurrency, bitcoin, ethereum, stocks. people's interest in bitcoin currently up and down, depending on the price. of course, it doesn't reflect the actual bitcoin or crypto users' growth.



*I draw a line to make it look like a trading signal  Grin Grin Grin
**the trends could be sideways for the next few months.

Source: https://trends.google.com/trends/explore?q=bitcoin
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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March 21, 2021, 04:23:59 PM
 #82

It seems like those people you are talking about who afraid of investing in BTC think that bitcoin already reached its fullest potential, well in fact it is not and no one can say about that, as long as there is an Internet connection, bitcoin will still be there and people will still keep on buying bitcoin. Those who are afraid will lose the opportunity to gain more money with bitcoin.

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March 21, 2021, 04:24:54 PM
 #83

Well, it turns out our friends are different. When my friends knew that bitcoin price are getting higher, they all regretted the decision not investing in it sooner, and decided that they don't want to regret for the second time. So, even though the price is high already, they still willing to jump into this cryptocurrency world. Even if they can only invest for a little at the moment since the price is so high, but they still have the trust that the price will go higher in the future.
I don't think there's the word late for investment. If they still want to invest, then as long as they understand the situation, and willing to take the risk, anytime is suitable. It's better be late than never I guess.

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March 21, 2021, 04:32:57 PM
 #84

It seems like those people you are talking about who afraid of investing in BTC think that bitcoin already reached its fullest potential, well in fact it is not and no one can say about that, as long as there is an Internet connection, bitcoin will still be there and people will still keep on buying bitcoin. Those who are afraid will lose the opportunity to gain more money with bitcoin.
That's right, the potential for bitcoin is still very large to see the enthusiasm of the bitcoiners... fear or not, the price depends on each person, many are afraid to buy bitcoin but many still buy and continue to buy even though the price is high ...

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March 21, 2021, 07:25:14 PM
 #85

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?
I don't think it's late investing in Bitcoin ATM, though the price is high. If anything, an investment in Bitcoin is safer than that in altcoins because Bitcoin has come to stay. Besides, Bitcoin is yet to hit the projected price of $100,000 for it. There is still room for its upward drive.

Tesla is likely to buy another 10 billion in BTC.
Likely is probability and shouldn't be taken as what MUST happen. It must not be Elon who will buy that huge to drive price up.

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March 21, 2021, 07:55:40 PM
 #86

It seems like those people you are talking about who afraid of investing in BTC think that bitcoin already reached its fullest potential, well in fact it is not and no one can say about that, as long as there is an Internet connection, bitcoin will still be there and people will still keep on buying bitcoin. Those who are afraid will lose the opportunity to gain more money with bitcoin.
That's right, the potential for bitcoin is still very large to see the enthusiasm of the bitcoiners... fear or not, the price depends on each person, many are afraid to buy bitcoin but many still buy and continue to buy even though the price is high ...
^ Because they saw that BTC investment has a potential upon storing of value which means as a form of investment not the daily usage like a form of payment method. Those people who understand BTC investment that should wait a perfect time will surely engage and invest BTC. I don't see any reason that BTC now is fading its popularity, I saw that it is the most trending investment that day by day becomes more expensive. BTC has a unique technology protocol when it comes to real decentralization, no one coins do the same with BTC.
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March 21, 2021, 07:56:25 PM
 #87

*I draw a line to make it look like a trading signal  Grin Grin Grin
**the trends could be sideways for the next few months.

Source: https://trends.google.com/trends/explore?q=bitcoin
So a bit of applying some technical indicators which do form out some sort of descending triangle which do really move out sideways but i dont see the relevance for these
to be applied when it comes into that google trend.Anything could be formed out of those information or statistics.The thing here is that you can really see the sudden
jump on November since last year when this market starts to make out some serious movement.Still surprising? No its not because its just normal for people
or the crowd would jump into something where it is really on main talks or discussions specially on finance sector.

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March 21, 2021, 09:42:04 PM
 #88

It seems like it depends on the perception of the individual on how he look upon the current situation of Bitcoin if he will be discouraged or not because despite of the fact that the price of Bitcoin is keep on rising, there are lots of certain individuals who do still wanted to get along on engaging and investing into it and just waiting for the perfect time to enter the market. Maybe for small investors and newbies, they are being discouraged on how the price moves that seems to be far beyond affordable to them. But it doesn't mean that Bitcoin's popularity is fading out for there are still lots of people wanting to have Bitcoin of their own.

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March 21, 2021, 10:04:35 PM
 #89

[snip]
Maybe for small investors and newbies, they are being discouraged on how the price moves that seems to be far beyond affordable to them.
But it doesn't mean that Bitcoin's popularity is fading out for there are still lots of people wanting to have Bitcoin of their own.
Well, you have a point there, and additional --perhaps due to the fee of bitcoin that quite high, a regular user of bitcoin will perhaps looking another opportunity that they can use while during the price of bitcoin is high. I saw most of the small transactions have been tucked and they have here looking advice, they are paying below 10 sats hoping that they will save the fee but the problem it will take time for them to wait before the transaction will be confirmed. But all of this does not mean bitcoin adoption was fade.









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