You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins?

[edward500]

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

There is so much negativity to crypto out there right now, especially with FTX, that its hard to see how 16K a bitcoin price can even hold. Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

In order to sustain these high 16K prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

[Oshosondy]

This time is not new in crypto, a time of significant fall that may let some people to lose hope, but when the bull run start and the price has increased massively, it could be a mistake for them to be thinking of investing. The right time to invest is now.

What I could see are people that are speculating that the price of bitcoin will get to all-time-high, while also thinking bullish about some altcoins, but thinking the bear time may be long but it will be over again.

If you are buying gradually, I will not advice you to stop it, continue to DCA and you will see the profit of investing when many people are panicking as emotion is only showing them something wrong if no proper research is done.

[carlfebz2]

This time is not new in crypto, a time of significant fall that may let some people to lose hope, but when the bull run start and the price has increased massively, it could be a mistake for them to be thinking of investing. The right time to invest is now.

What I could see are people that are speculating that the price of bitcoin will get to all-time-high, while also thinking bullish about some altcoins, but thinking the bear time may be long but it will be over again.

If you are buying gradually, I will not advice you to stop it, continue to DCA and you will see the profit of investing when many people are panicking as emotion is only showing them something wrong if no proper research is done.

DCA is always been recommended but you should also mind off on investing on the amount which you can only afford to lose and dont really tend to use up those life savings of yours.It is really just normal that

people would be freaking out on the time that they are seeing a bear market and eventually gets that confident when we are on bullish state.Its a normal human being behavior but only a few could able

to see on when is the time or the best moment on buying cheaper coins.It cant really be applied most of the time when it comes to strategies since we do have different level of
awareness and experience throughout the market.

[bestcoins1]

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

Among the many negative comments like you said, there must be two or three positive comments for crypto and Bitcoin in the news article, right?

There is so much negativity to crypto out there right now, especially with FTX, that its hard to see how 16K a bitcoin price can even hold. Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

I even find it hard to jump to conclusions when people who know nothing about bitcoin and how it works keep talking about scams. How can they know about scams, fake monopoly money and Ponzi schemes if they have never been involved in any investment themselves? But if they know all about it, then it can be said that they also know about Bitcoin and some of the big exchanges that are frequented by many people so they also know about the FTX drama that has happened at this time

In order to sustain these high 16K prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

Because the decline is already in a very large category, yes it is clear that more people need to buy Bitcoin from now on because doing so can make the price increase continue to happen to Bitcoin. But don't worry about that, because Bitcoin has been around for a long time and obviously it will always be very attractive in the eyes of many people when they start to see a price increase in the market.

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

If you are slowing down your purchases just because you see negative comments and news that are still circulating at this time, then try reading some positive news from some media that say there are already several countries that legalize crypto and Bitcoin at this time so that it can also have an impact on increasing the price of Bitcoin itself. So there is no need to worry just because you have read the news because you shouldn't be affected by negative news about crypto and Bitcoin which may not be all true.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

FTX has certainly taken the crypto space by storm at this point, but rest assured that not everyone hates Bitcoin and crypto just because of the problems FTX has. Because I can still see more people who love crypto and Bitcoin here by not letting themselves be influenced by untrue news and also not making themselves worry.

[Fundamentals Of]

This kind of hate has always been here for the longest time. In fact, it's lesser hate now compared to the early years of Bitcoin when it was publicly branded as a currency of criminals. Not only did Bitcoin survive from all that, it thrived and even reached mainstream adoption.

There's nothing to worry really. Bitcoin doesn't have to convince all 8 billion people in the world in order to succeed. In fact, it is even more than enough that some 21 million people around the world truly understand and believe in Bitcoin for it to go beyond $100,000.

[bittraffic]

You can wait until it's $10K. The better it is for investors to wait for the bottom to get the max profit they could when it's time for selling. It's however the opposite when we are not really going down to $10k.

There is a positive sign though since the FED had already expressed what they may be doing this Dec. Lowering interest rate could lift the price of BTC which you may also be chasing.

[mk4]

Dude, the masses hated bitcoin/crypto since forever. Even in bull markets, the mass consensus is that bitcoin/crypto is a scam/bubble/tulipmania or whatever they wanted to call it. It's just ever so slightly worse right now due to FTX.

[Queentoshi]

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

In the market, the two most popular items are the items with very good reviews and the items with the very bad reviews. The items that are just there barely raise enough attention to be known by many and considered popular. What I mean is, bad stories can also make something popular, the negative stories are twistedly contributing to the popularity of bitcoins. The stories and bad news around cryptocurrency are making people know about it, and when the bad news and reviews turn to good reviews and news about bitcoins and cryptocurrency, most of them will also be aware.

[hugeblack]

I think this cycle will continue unless people think seriously about the nature of their investments and stop thinking emotionally.

Look at the comments. In the previous year, many people invested because Elon Musk was tweeting, or because some company made a purchase, or for some trivial reason, and now they are claiming that Bitcoin is a Ponzi scheme because they lost their money.

Therefore, such things will be repeated with every rise and fall of the price.

[pooya87]

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

It depends on where you look! It is like going to a bar and complain about everyone being drunk...

There is so much negativity to crypto out there right now,

There has been always a lot of legitimate negativity about crypto (read altcoins) for good reasons. They are useless and majority of them are scams.

especially with FTX,

That's already old news.

that its hard to see how 16K a bitcoin price can even hold.

You should care about bitcoin as the only decentralized currency not something to get rich quick from

Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

Which has nothing to do with bitcoin!

In order to sustain these high ~ prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

Just replace the ~ part with any arbitrary number and search the same term you will find people say the same thing when price was $0.001, $0.01, $0.1, $1, $10, $100, $1000, $10000 and you will see the same when it reaches $100000 and $1000000

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here.

You should have educated yourself about this decentralized censorship resistance currency before you converted your other currencies to this one! You should have also converted what you could afford to lose.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

LOL.

[Yatsan]

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

It depends on where you look! It is like going to a bar and complain about everyone being drunk...

There is so much negativity to crypto out there right now,

There has been always a lot of legitimate negativity about crypto (read altcoins) for good reasons. They are useless and majority of them are scams.

especially with FTX,

That's already old news.

that its hard to see how 16K a bitcoin price can even hold.

You should care about bitcoin as the only decentralized currency not something to get rich quick from

Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

Which has nothing to do with bitcoin!

In order to sustain these high ~ prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

Just replace the ~ part with any arbitrary number and search the same term you will find people say the same thing when price was $0.001, $0.01, $0.1, $1, $10, $100, $1000, $10000 and you will see the same when it reaches $100000 and $1000000

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here.

You should have educated yourself about this decentralized censorship resistance currency before you converted your other currencies to this one! You should have also converted what you could afford to lose.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

LOL.

We've been hearing this a lot recently which makes it redundant. Issues were faced before which made impressions for this industry as ponzi and fraud; volatile market value, prohibitions by some governments, scam projects and more. Losing interest? possible especially during down times in this market it is not surprising. Most people looks at this technology more of an asset than currency. But things would surely change once there's something, most of the time are news related to cryptocurrencies or in favor for this industry, which would hype the interest of potential investors once a bullish pattern is established. We might not know when will such thing occur, but the only thing we should do is to be patient for now.

[Taskford]

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

There is so much negativity to crypto out there right now, especially with FTX, that its hard to see how 16K a bitcoin price can even hold. Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

In order to sustain these high 16K prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

Cannot blame people to talk about that way on bitcoin since this has been rampantly used for scamming so those people doesn't know about this will have negative impression and call bitcoin as scam to because of those unfortunate scam incidents. But for sure once they realize that what they think about it is not true they come and try to use bitcoin as currency and investment on real tradings.

Its just you bought at a wrong time but if you don't dump what you currently own you will not lose anything so maybe try to hold since maybe next year we can see more great picture of Btc and price would pump hard again.

[dimonstration]

Maybe you are new but Bitcoin is subjected on worst negativity than the current issue on FTX before. I believe Bitcoin public image is in the lowest point when Mt Gox turn into scam because that time Bitcoin still doesn’t have much reputation built compared to its current status that many institutional investors and billionaires is already trusting Bitcoin. FTX is just a another bad new in Bitcoin/Crypto that will soon be forgotten due to the long list of same issue like this in the past. I can’t anymore many times crypto is subject on this negative publicity. Not to mention all the ponzi/hyip occured on crypto space before. 

It’s not losing popularity. Negativity is just high but crypto is still popular.Negative Publicity is still a Publicity.

[skarais]

It doesn't matter what other people say about bitcoin, you should have enough knowledge to make yourself believe in bitcoin. You have to be smart enough to debunk the assumptions people out there have if they say bitcoin is a ponzi scheme, but if you don't want the hassle then just ignore it and continue your journey with bitcoin.

Bitcoin are simple, no one will force them to believe in bitcoin, but if they want, they can change their mindset at any time and buy bitcoin for any reason. You also need to know that bitcoin is not for those who don't like and hate it, but bitcoin is only for those of us who believe in financial freedom. And due to its fluctuating value each trader and investor will profit based on their individual portion.

[Lucius]

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

Did you think that BTC price will experience a new bull run just because you bought 2 BTC? It doesn't work that way and you should have learned that before you decided on that investment, so now you might be less worried about the fact that you have an unrealized loss. Negativity is always present with Bitcoin, and it is most pronounced during the bear market, it has always been like that and I don't see it changing in the near future.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

You see, all this negativity has its positive side, because maybe you will be able to buy even cheaper BTC, which is not a bad thing if you believe that the bear market will end in a period of 1-2 years.

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

It just seems to you that everyone hates Bitcoin, in fact they hate Bankman and themselves because he betrayed their trust, and before that Kwon did something similar. Bitcoin is not to blame for the fact that there are incompetent people and scammers in the world, in addition to the fact that there are millions of naive people who believe them.

[lizarder]

If you know bitcoin as a speculative asset, this is when you will start to know more about it. It's even worse in a bull market when the bitcoin consensus is considered a scam that keeps popping up, but it's being debunked by ATH's achievements, this is where bitcoin's privilege as a speculative asset lies. For me personally it's okay for bitcoin to be closer to $16K or even $10K, because that's when we start to take a bigger share of bitcoin investing.

Stay calm and don't panic, continue to make purchases according to your abilities, because when bitcoin begins to find a four-year cycle, then that's where you know the advantages of bitcoin that other coins don't have.

[michellee]

Each person? That means everyone hates bitcoin.

People who hate bitcoin don't like bitcoin but that's not everyone because there are still many people who love bitcoin and want to buy bitcoin until now.

You can still buy bitcoins again and if you still have money, it will be good for you if you can buy it at the low price. But be careful because bitcoin price still up and down and you need to wait until the price is down for more to buy bitcoin.

[BitcoinPanther]

We have heard lots of much worse words than you stated @ OP.  It has been thrown to Bitcoin since the early days and yet Bitcoin had proven itself strong and moving forward.  This strategy of the anti Bitcoin to demerit and put blame on Bitcoin with anything bad that happens to market had been done for almost a decade just to stop the promulgation and propagation of Bitcoin, but these entities failed because Bitcoin is still moving forward and getting more traction everyday.  Bitcoin may be losing its price but I believe Bitcoin popularity is ever growing.

[Mahanton]

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

You should really make yourself get used into these words where it is really just that typical where these kind of negative words would be floating around.Expect that the community would really be throwing
up lots of negative words which if you could able to read it out then you would really be affected and would end up on believing on what they do say.On the time that you had step your foot
into this venture or market then you should really make yourself that prepared with those sentiments. If you have 2 BTC currently on your stash then selling on the current market condition
is just an insane or foolish thing to be done.Market doesnt really have an assurance on where it would stay or when it would bottom out this is why its always on your call
whether you do hold or sell out on panic.

[Baofeng]

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

And I think it's good if everyone hates bitcoin or crypto in general. Because it means that no one doesn't see the potential of it, just think about this way, when we had the pandemic, everyone is also calling bitcoin dead when it went as low as $3k and many doom and gloom prediction that we have seen right now.

And yet in the aftermath of everything, the price goes to $69k and those who stay and bought it through DCA up to 2021 could have made al to money.

So I will say that don't bother but those negativity, they will individuals who have those narrative to attack bitcoin whether we are in a bull or more specially in the bear market. Just long at your long position and wait for the next bull run to see if you made the right decision or not.