Still think bitcoin is coming to an end? Then you must read this <3

[suzanne5223]

Technically, Bitcoin is 13 years old now and anyone that's into the media and said he/she won't understand that the Bitcoin market has its winter season is definitely lying but the media are known for spreading missing information about BTC just to manipulate the market for their own selfish purpose since they have missed the early adoption of BTC through their ignorant.
Therefore, anyone that believes what the media said without adequate research is still naive about the crypto market.

[Nrcewker]

It matters less which companies accept bitcoin; what matters more is how much payment volume Bitcoin payments are getting. Companies can easily revoke access to Bitcoin payments.

We can easily say how popular bitcoins are just by seeing the marketcap of the coin. Moreover also see the trading volume and then decide what is Bitcoins capable of. The ones who are panic selling their Bitcoins are new to this crypto world. They don’t know how the crypto ecosystem works and hence facing huge losses. This is the time where we need to work smart rather than panicking. But as we can see people are more dumb and careless, so no one can stop them from making losses. Just don’t sell these valuable Bitcoins at any cost.

[Agbe]

The solution you provided is not really tally with your topical sentence. Whether you like or not people must talk about people both the bear market or the bull market. Prediction is part of the market so those who understands the market do not even afraid of the market because definitely they know that the market will rise again so they are not afraid of the market.
Therefore, this bear market is not and will never be the last bus stop of BTC.

[ethereumhunter]

Bitcoin should not end soon, even though many people who don't like bitcoin say so. But to talk about bitcoin, it depends on the situation around us because we also have to see how they can accept new things that they really don't understand. It may take time to introduce bitcoin to our surroundings and even though many other countries already know it, it is not certain that people will accept bitcoin in our environment. We could get some friends to learn more about bitcoin so there won't be any fear that bitcoin is something they should stay away from.

But I will not argue with other people about the price of bitcoin because we all have our own analysis, which will be different. And we should focus on ourselves first and let other people try to analyze bitcoin price movements.

[noorman0]

Never mind, those brands can't use a single rule to adopt bitcoin in all their branches of law in different countries. Some of those who have sparked the adoption of even the Twitter tip bitcoin plan have not had much impact on the price.

In fact I believe more that the use of bitcoin is more for local transactions at this time (eg to buy used goods).

[laurenB7742]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

Once companies accept bitcoin payment then I think people will also use bitcoin for payment. Nowadays people don't want to use bitcoin for payment because the purpose is profit, that means when the time comes for bitcoin to make a significant profit for them, I believe everyone will use their bitcoin. If an investment gives you a few thousand percent returns, but if you don't use it, it won't give you anything either. At the moment, people are not ready to use bitcoin as it has not yet made a significant profit, but the time will come.

[GideonGono]

Bitcoin has faced so many times like this before and proved to us that it wouldn't end like other crypto.
Just see how many companies have accepted it I am sure that it would survive and be back on it's glorious time.
It would take time for it to recover all we need to do is continue to support it.

[tabas]

The media are flexible, when we're in the bull run you'll see them tell good things about the market and the crazy predictions that have been told by those unknown people that they're highlighting as someone as if they're an expert in the field. But, the people that they're quoting and giving exposure is truly an unknown person. But when we're in the bear market, you'll also see them tell those very low predictions that have been given, so, they're always at the two sides of the market. That's why don't depend your emotion to them.

People are just showing their market sentiments. When the market is bullish, people will always praise bitcoin and the rest of the potential coins. When the market is bearish, people will also develop fear and eventually panic thinking that their investments will not recover anymore. But not all we see and hear from the media are true and reliable. Sometimes, we have to make our own analysis so that we will not fall into false beliefs.

That's so true and that is because many in the media can be paid to do some good reviews for projects. As you can remember, there were celebrities that has been sued due to advertising fraud projects. The same thing can happen to misleading articles and content being done by the media.
They're not just being focused for now but whenever the bull run is back, there will be swarm of it in the market that they're going to publish that's looking nonstop.

[Questat]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

Once companies accept bitcoin payment then I think people will also use bitcoin for payment. Nowadays people don't want to use bitcoin for payment because the purpose is profit, that means when the time comes for bitcoin to make a significant profit for them, I believe everyone will use their bitcoin. If an investment gives you a few thousand percent returns, but if you don't use it, it won't give you anything either. At the moment, people are not ready to use bitcoin as it has not yet made a significant profit, but the time will come.

I would say that I was just practical at this time since Bitcoin isn't widely accepted in our place meaning that it was wise and profitable to make this as an investment. Only if it happens that there is a store that will accept Bitcoin near to me, of course, I'd love to try it and see how they process payment, but unfortunately, nothing. Just like the others, they preferred to trade rather than make use of this as a currency and we can't deny that the majority are here for that reason.

[irhact]

Bitcoin has faced so many times like this before and proved to us that it wouldn't end like other crypto.
Just see how many companies have accepted it I am sure that it would survive and be back on it's glorious time.
It would take time for it to recover all we need to do is continue to support it.

I don't understand why people are so worked up by the fact that the media are pronouncing Bitcoin as dead again, if you have been in the market for sometime now (for atleast two bear market) then you would had understood that this is a regular occurrence whenever there's a bear market. The media sponsored by the government always looks for a way to discourage people from investing in Bitcoin as the more they do, the further they lose control over their citizens and a government without country is powerless.
Don't just invest in any opportunity because everyone is doing so instead study and understand what that opportunity is all about because if you understand how Bitcoin was built and works then you'll be assured of Bitcoin price rising again when we're in the bull market.

[laurenB7742]

snip

I would say that I was just practical at this time since Bitcoin isn't widely accepted in our place meaning that it was wise and profitable to make this as an investment. Only if it happens that there is a store that will accept Bitcoin near to me, of course, I'd love to try it and see how they process payment, but unfortunately, nothing. Just like the others, they preferred to trade rather than make use of this as a currency and we can't deny that the majority are here for that reason.

If talking about the present then you are right because we are all here for profit and not here using the new bitcoin technology. The majority will not accept this statement but it is true, I guess up to 95% that come to the market is for profit. Even if bitcoin is widely accepted nowadays, I believe very few people will use their bitcoin for payment, if yes then it's just some real experience and then they keep holding their bitcoins.
Honestly, I also don't want to use my bitcoin for daily payments especially during bear season but I will use it if bitcoin hits $100k someday.

[bitgolden]

The amount in North America shocked me. I believe that there is a big advantage for Asia considering they are like 50% of the whole world population, and it’s understandable for Australia to have very little because they are very small in population. But, Canada+Usa should combine be like at 100+ million already if you ask me, the population combined is about 500+ million as far as I remember, which means that 100+ million would only be 20% or less, and that should be quite possible.

Even Africa has less than them, which is weird, and considering USA and Canada (and Mexico to a point) is richer than most those nations, they would be increasing the price like hell if it was 100+ million people.

[tjtonmoy]

I am from Bangladesh and many may know that BTC or other cryptocurrencies are not legal here. It is in between legal and illegal. Mustafa Jabbar Zunaid Ahmed Palak (The Minister of State from Bangladesh Telecommunications and Information Technology), have given a statement few years back. Owning crypto is not legal here. You can sell them on P2P platform or trade them for local currency (TK). As for using it as a direct payment method will be deemed as an illegal act.
You are not to be found using crypto/BTC to do terrorist acts. If found, you will be punished accordingly.
So as far as you own it and use it for yourself, then you are ok here.
This is a huge step from Bangladesh, because it's a Third World country and if the government agrees to adapt to BTC and legalize it, then many things will change.
Hope that this will happen soon.

[xSkylarx]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

Once companies accept bitcoin payment then I think people will also use bitcoin for payment. Nowadays people don't want to use bitcoin for payment because the purpose is profit, that means when the time comes for bitcoin to make a significant profit for them, I believe everyone will use their bitcoin. If an investment gives you a few thousand percent returns, but if you don't use it, it won't give you anything either. At the moment, people are not ready to use bitcoin as it has not yet made a significant profit, but the time will come.

I would say that I was just practical at this time since Bitcoin isn't widely accepted in our place meaning that it was wise and profitable to make this as an investment. Only if it happens that there is a store that will accept Bitcoin near to me, of course, I'd love to try it and see how they process payment, but unfortunately, nothing. Just like the others, they preferred to trade rather than make use of this as a currency and we can't deny that the majority are here for that reason.

The majority of people are interested in bitcoin for investment purposes. I would agree with that because bitcoin can help you financially, but you will also gain knowledge about finance and bitcoin. Here in our country, we already have stores (not many) that accept bitcoin as payment. We also have a wallet, and there are stores that accept payments from that wallet, including bitcoin. No matter what our purpose is or why we are here in bitcoin, let's just respect each other.

[jaberwock]

It matters less which companies accept bitcoin; what matters more is how much payment volume Bitcoin payments are getting. Companies can easily revoke access to Bitcoin payments.

We can easily say how popular bitcoins are just by seeing the marketcap of the coin. Moreover also see the trading volume and then decide what is Bitcoins capable of. The ones who are panic selling their Bitcoins are new to this crypto world. They don’t know how the crypto ecosystem works and hence facing huge losses. This is the time where we need to work smart rather than panicking. But as we can see people are more dumb and careless, so no one can stop them from making losses. Just don’t sell these valuable Bitcoins at any cost.

The market have grown but what if most btc invested only came from the same people? I know btc is popular now but there are still many countries who don't have access with bitcoins because it is banned there. There are countries where btc is not ban but people they are clueless if what is btc is.

Lastly there are people who knew what btc is but still scared of using it because they think it was a scam, too risky, and any other reasons. Although this is what @mk4 is trying to say. Volume is what matter the most not quantity. I guess it was still a good thing but for me, I also like it when there are more quantity or if there are more people, countries and businesses that will use btc.

[Welsh]

I don't understand why people are so worked up by the fact that the media are pronouncing Bitcoin as dead again, if you have been in the market for sometime now (for atleast two bear market) then you would had understood that this is a regular occurrence whenever there's a bear market. The media sponsored by the government always looks for a way to discourage people from investing in Bitcoin as the more they do, the further they lose control over their citizens and a government without country is powerless.
Don't just invest in any opportunity because everyone is doing so instead study and understand what that opportunity is all about because if you understand how Bitcoin was built and works then you'll be assured of Bitcoin price rising again when we're in the bull market.

It's completely understandable to be fair, when something dominates the news it almost convinces you. Although, that might not be the case for someone more experienced. However, I can remember price watching when I was a newer user. It's totally understandable to be like that when you don't have that experience. Of course, you can always search it up, but at the end of the day I think you have to experience it multiple times to build up that sort of resilience.

Also, to be fair we're in a global recession, and I keep saying this across threads, but times are very unprecedented right now.

[BITCOIN4X]

I can't find a single store that accepts bitcoin or crypto as legal tender in my country so far. In the past we had a few bitcoin ATMs but now they are banned to my knowledge. My country's government still hasn't legalized bitcoin as legal tender so we as bitcoin users can't spend bitcoin on anything before turning it into fiat.

But I never thought that this situation would put bitcoin in critical status almost abandoned as long as the government legalized its trading. Bitcoin and many other crypto assets can be traded legally even though their function as currency is not legal. So there is no reason to think that bitcoin will die in my country and be abandoned by its current users.

[Artem Sereda]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

Most prefer to use fiat because it is more common than bitcoin. You can pay with fiat anywhere, but to pay for the same with bitcoin, you need to search well.

[GideonGono]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

You are not alone, I think most of us think that way.
We might consider or believe that it is a currency, but find it hard to use it as one since there is a chance that we might gain profit by holding it.
I mean who would want to spend something like that, if you know that it could rise up any moment soon.
It is not that we don't see it as a currency we just want to utilize the profit that we could and we could still use Fiat after all so we aren't force or obligated to use it as one.

[so98nn]

It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.

Most prefer to use fiat because it is more common than bitcoin. You can pay with fiat anywhere, but to pay for the same with bitcoin, you need to search well.

Oh come on man, really?
Who said you need to search well to send your bitcoins? I mean we are already having millions of buyer and sellers around the world. Bitcoin has already passed out that barrier where you had to wait for the peer to join so that you can start the buying selling process.

However, we have line of buyers these days. What to say about institutional investors they are always there to buy from you.

Do you really believe that there is wait time ?