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Author Topic: Will the popularity of cryptocurrency continue?  (Read 909 times)
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July 19, 2021, 02:37:14 AM
 #41

Should be. Heck I still consider the Crypto community to be relatively unknown instead of being known tbh. It's been 10 years, but that's just a short ten years. imo, it still has a long time to spread it's name and for it to continuously become more popular than it is right now. Even now, most people who only know about Bitcoin are investors, and that's because of the current state of the market. What if it as a currency were to be properly spread and adopted? Then I'd believe more people would actively enter the scene since the prospect of being your own bank is wanted by people at times.

 
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July 19, 2021, 03:16:23 AM
 #42

This is bound to happen, and it will be a big trend in the future. More and more people will join the cryptocurrency field. Last year’s data shows that a large number of new users are slowly joining the market, causing congestion in exchanges, indicating that cryptocurrency Currency is being accepted by more and more people. A comparison between ten years ago and now is obvious.
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July 19, 2021, 03:27:35 AM
 #43

Although constantly suppressed by China, there are still many cryptocurrency enthusiasts. Recently, Bank of America approved Bitcoin futures. This is good news. This shows that the government's position has not played a big role, because the government cannot prohibit the existence of Bitcoin. The number of new crypto enthusiasts will continue to increase and will appreciate the miracle of Bitcoin.
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July 19, 2021, 05:10:50 AM
 #44

The keywords bitcoin and cryptocurrencies are getting more and more searched, despite the bans of some governments. This proves that cryptocurrencies are receiving great attention from people all over the world.I am sure the trend of cryptocurrency will survive and will continue to be popular in the future.

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July 19, 2021, 06:09:47 AM
 #45

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

I think that the hype around crypto currencies is short lived, we always see a huge interest in cryptos once bitcoin reach a new ATH, but as soon as prices are falling the media interest is disappearing again. This trend usually last 6 months but will always exist. It is just a matter of time until BTC will rise again and reach a new ATH, and the media is just waiting for that to print their old crypto stories again. Cryptos are here to stay.

Media always wants attentions and with some hypes they will be there to cover and make a noise to bring

new people to this industry, but those who are really inside this market are not really relying with hypes but

relying with the developments and more adoptions. The popularity of crypto will continue as each part of the

system provides new crypto to rise and be used.
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July 19, 2021, 10:22:06 AM
 #46

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

I do think that the blockchain technology will play a vital role in the transaction of payments in the future.

The blockchain opened so much possibilities and opportunities in implementing its processes for payments. It eliminated the need for a third-party consensus in handling processes and payments. The very first cryptocurrency (bitcoin) started at 2009 and since then, its price continues to increase as time passes by. The popularity of other cryptocurrencies (altcoins) is just the start of a revolutionary movement in shifting to a digitalized currency setting.
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July 19, 2021, 10:41:07 AM
 #47

crypto is just getting started so it will continue for a long time or until all the countries and people are using it they will come to the point that they will get bored with it
  .
under cryptocurrency we have so many coins  and not all coins here will remain popular but if there will be a coin that will remain popular that will only be bitcoin because the coin dont depend on a trend or hype .
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July 19, 2021, 11:36:06 AM
 #48

I think, cryptocurrencies will continue to boom and develop further in the future. A small model from El Salvado was born. Continuing is the very promising information in the draft law in Paraquay. Blockchain doesn't need fancy languages, but the main thing is usability and the advancement of human intelligence. Exposure to cryptocurrency, you will know another space in life. Bitcoin brings light to humanity to change the nature of the economy.
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July 19, 2021, 11:44:26 AM
 #49

Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?

The cryptocurrency markets aren't that popular,because they can't beat stocks and FOREX market in terms of trading volume.The crypto markets will grow slowly,without any rapid or tremendous growth and their niche will always remain small,compared to the traditional financial markets.
Most of the institutional investors(and many small investors) will always stay away from the crypto markets because of the price volatility an hostile regulatory frame,that is being set by the governments and central banks.

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July 19, 2021, 11:55:11 AM
 #50

I think, cryptocurrencies will continue to boom and develop further in the future. A small model from El Salvado was born. Continuing is the very promising information in the draft law in Paraquay. Blockchain doesn't need fancy languages, but the main thing is usability and the advancement of human intelligence. Exposure to cryptocurrency, you will know another space in life. Bitcoin brings light to humanity to change the nature of the economy.


And there are a lot of universities around the globe that are offering blockchain courses, so meaning it will take off in the next 5 years and crypto will continue to boom.

And  as you mentioned, lots of countries are now into the adoption, so I guess we are in that phase right now and in the future, there could be more countries in the pipeline that will adopt and welcome it, albeit with regulations.

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July 19, 2021, 12:02:58 PM
 #51

I dont think that popularity of cryptocurrency will decrease. There are so many projects running right now, so many people working on cryptocurrency sectors and thousands of traders. Its popularity simply can not discontinue. But I accept the fact that cryptocurrency will become more private or common to people. The hype of ICOs and quick and easy money is gone. Cryptocurrency simple will exist. It wont be new to people anymore, yet still be popular.

 
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July 19, 2021, 12:27:06 PM
 #52

Popularity of cryptocurrency keeps rising with the increase of usage in the global market. Participation from the third world countries have increased alot compared to the past. This is a big step forward and the popularity hasn't diminished with time. The usage of cryptocurrencies on different sectors have been increasing and more development programs associated with the technology are in progress.

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July 19, 2021, 12:28:01 PM
 #53

Seriously I believe people are just starting to know about cryptocurrency and I believe the popularity of cryptocurrency will continue to increase and will never reduce because lots of people are just being to know about and lot's of institutional bodies are really investing in Cryptocurrency and most coins are been accepted as payment method which will increase the popularity of cryptocurrency.

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July 19, 2021, 01:03:44 PM
 #54

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July 19, 2021, 01:18:43 PM
 #55

Almost all the participants use cryptocurrency more and more and many popular places about cryptocurrency as well as some countries encourage people to use cryptocurrency. More and more people are entering the market and cryptocurrency or in other words it is the future trend.

Yes, that's right, many places and events display cryptocurrencies ads, I'm very happy with UFC and it's been 2 weeks that crypto.com has advertised on the official team shirts, of course this will make crypto shine even more.

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July 19, 2021, 05:03:12 PM
 #56

Will the popularity of crypto continue? Yes. Soon a lot of people won't care about the government stance about crypto.
This is possible and because of that government will have to adopt cryptocurrency so that they can also benefit from people who have crypto on their wallets. Compared to a country where bitcoin is not banned and even the bank regulated one of the exchange wallet so that they can earn money more like a tax but those who use the wallet don't have to pay as the kind of payment for e tax happens when you buy and sell according to the information I read from google and some posts from forum users in this forum.
It is not the case of this is possible. Go and check the countries where their government places a ban on Bitcoin place like China, Nigeria, etc the people from there still buy and invest in Bitcoin through the use of p2p exchange. Besides, this reminds an article wrote by Chainanalysis explaining to the government that they can't totally ban crypto and it will be better they profit from it rather than ban it.

Country, where crypto is tax, have different rules and regulations about tax payment but most countries I know only request tax payment on every capital gain but Vat is a most when buy/sell crypto.

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July 19, 2021, 05:39:03 PM
 #57

All my friends and relatives around me know about bitcoin, more and more I see the number of people participating and interested in bitcoin increasing, not only that, there are many countries that have accepted bitcoin in their country. I think for sure that cryptocurrency in the future will continue to be more popular.

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July 19, 2021, 05:59:20 PM
 #58

Bitcoin will continue to grow in popularity as long as it is used in money-related activities. With the current economic crisis, many people are looking for alternatives and are contemplating cryptocurrencies as a way to earn more money. Crypto is currently quite popular in my country, particularly Defi and NFTs, such as the Axie Infinity. Many people in my country are now purchasing NFTs in order to play the game and earn more SLP, which is another crypto. The popularity of cryptocurrency will continue to rise as long as there are numerous activities taking place in the market.

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July 20, 2021, 01:59:26 AM
 #59

With the development of blockchain, cryptocurrency is a new economic trend. The issuance of fiat currency leads to inflation and depreciation. People will turn to cryptocurrency, become more interested in cryptocurrency and demand for it. Cryptocurrency is not restricted by the government and circulates all over the world. People see the potential of Bitcoin and know very well that they will profit from it, they will continue to invest and use it, and cryptocurrency will also be very popular.
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July 20, 2021, 02:58:53 AM
Merited by The Sceptical Chymist (3)
 #60

Bitcoin will continue to grow in popularity as long as it is used in money-related activities. With the current economic crisis, many people are looking for alternatives and are contemplating cryptocurrencies as a way to earn more money. Crypto is currently quite popular in my country, particularly Defi and NFTs, such as the Axie Infinity. Many people in my country are now purchasing NFTs in order to play the game and earn more SLP, which is another crypto. The popularity of cryptocurrency will continue to rise as long as there are numerous activities taking place in the market.

In addition, Cryptocurrency has just been in it's beginning phase of adoption in the PH.
It has started during the nationwide lockdown in 2020, when people are actually looking for an effective investment that'll give them active income when most of the companies has been shut down due to Covid spread.
Cryptocurrency was the first thing to appear when someone is looking for an "investment" in Google. Thus, people has enough time to study and research all about crypto.
Now, the biggest hit is the blockchain based NFT games, and I believe this will be the first step for everyone in the PH to know more about Cryptocurrency.

So, yeah when we're talking about crypto popularity/adoption, I can say that we're still in the beginning phase.

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