Why Is Bitcoin Not Selling Like Before

[Israelgogo]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

[Darker45]

Who actually chooses to be a Bitcoin trader than an employee? Who wants to be like John?



Kidding aside, I actually don't know where you're coming from. Is Bitcoin losing its luster as an investment, as an asset worth keeping? As far as I'm concerned, Bitcoin remains coveted. I'm still trying to stack as much Sats as possible.

The market is also telling us Bitcoin remains as an attractive option for investment. We've just reached another ATH 5 days ago. Don't worry about corrections. They're normal in any market.

[DubemIfedigbo001]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Bitcoin is still dominant and the most prominent crypto investment, it's still retains it's core features as a store of value and you can still agree with me that it's already broken multiple ATHs in this bull run and more institutions are rushing in to invest in it, Spot ETFs approved last year too. Isn't these enough attraction in your view?

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

Perhaps you could point us to your source of information so we can very the correctness based on facts presented.

 Maybe people have started turning to investing and holding Bitcoin for a long-term since holding have proved more profitable. Trading is risky and incur loses, it's possible that those bad at trading got tired of losing and left for other sources of income so as to be able invest and hold Bitcoin for long.

[GreatArkansas]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

What's your basis you saying this?
Because I don't think it's right, especially now that there are already more people who know what Bitcoin is.

Another thing is that you need to consider more instances, just like Bitcoin ETFs, public companies started to buy Bitcoin as their investment, the trading volume, and the market cap too.

[tabas]

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

Why are we questioning people to do labor or physical jobs than trading? trading can be done by everyone but it's not for all. And that's why those people that chose to work hard and smart, they can always go after the market by being an investor. One doesn't have to be full time in the market just for them to get validation from the others that they're a bitcoin enthusiasts. We have to understand that trading isn't for all because it's so risky that it can burn you out and even the funds that you have there as a capital to roll in them arket.

[traderethereum]

If these days people choose physical jobs compared to Bitcoin traders, that will be up to them.

But I know some people in my group chat still use Bitcoin till now. They work in their physical jobs but they are also traders and investors. They don't stop what they did a few years ago because they believe that they will get more benefit from Bitcoin.

If you check the price, people cannot believe the price hit $124k. They never thought Bitcoin would be like it is today so it is booming for them. Maybe they are still investing in Bitcoin secretly.

[CryptoYar]

During pandemic it exploded in popularity because of government money and low interest rates making people to invest in something new. Everyone was talking about it and many first time investors jumped in and they were thinking it was easy way to get rich. But price has become very unstable and people have realized they can lose much of money. Economy has also changed with interest rates going up which makes safer investments look better. But Bitcoin can still be valuable it is no longer seen as sure thing. Idea of easy money is gone for many and most people have gone back to regular jobs instead of trying to be full time traders. But if they believe in Bitcoin and look is as investment so they would be happy at this time.

[abaeze]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

I assume that you are partly right, although you have not been able to show any specific or verified means of proving your statement. But I hope that the confusion that existed among various big companies and people about Bitcoin (according to your comment) will be cleared through my information.

Currently, more permanent and stable knowledge about Bitcoin has been born among people. Earlier, people might have traded in Bitcoin without understanding it just for profit, but now people are investing here thinking of saving Bitcoin and holding it for the long term, understanding its value. Therefore, people's acceptance of Bitcoin has increased compared to before and people have become more aware of investing in Bitcoin for the long term.

[pooya87]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious

You should have explained what these observations are so that we can discuss them not your conclusion.

After being in this community for 11 years I can say not much has changed considering what you call "attraction". I still see the same 3 categories of people:
(1) those who see bitcoin as the decentralized money to be used to achieve financial sovereignty
(2) people who see the potential for long term profit and continue accumulate more bitcoin every chance they get
(3) people who think bitcoin is a magical get-rich-quick thing and end up losing a lot of money
The percentage of people in each category change depending on the existing market situation (bull, bear, sideways) but this is pretty much everyone. For example now that price isn't shooting up every day the most number are in groups 1 and 2 and practically nobody in 3. But when the "shooting up" starts we end up seeing most people in 3 and then group 2 and finally smallest would be in #1.

Now one reason why you might be thinking that "attraction" is gone, could be that price is not rising as fast as you like it to rise. That's a normal thing in bitcoin as well. Most of the times in the past 11 years I've seen the same market situation where price doesn't rise as fast, and people think it is over. But bitcoin is not supposed to rise fast every day. It can't. But it is rising and the adoption is growing.

[Easteregg69]

I dca a dollar per day. For a very long time! Accent on.

Get a bot.

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious

You should have explained what these observations are so that we can discuss them not your conclusion.

After being in this community for 11 years I can say not much has changed considering what you call "attraction". I still see the same 3 categories of people:
(1) those who see bitcoin as the decentralized money to be used to achieve financial sovereignty
(2) people who see the potential for long term profit and continue accumulate more bitcoin every chance they get
(3) people who think bitcoin is a magical get-rich-quick thing and end up losing a lot of money
The percentage of people in each category change depending on the existing market situation (bull, bear, sideways) but this is pretty much everyone. For example now that price isn't shooting up every day the most number are in groups 1 and 2 and practically nobody in 3. But when the "shooting up" starts we end up seeing most people in 3 and then group 2 and finally smallest would be in #1.

Now one reason why you might be thinking that "attraction" is gone, could be that price is not rising as fast as you like it to rise. That's a normal thing in bitcoin as well. Most of the times in the past 11 years I've seen the same market situation where price doesn't rise as fast, and people think it is over. But bitcoin is not supposed to rise fast every day. It can't. But it is rising and the adoption is growing.

I see no one buying BTC IRL. It's a computer game to me.

[As-Soon-As]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

Bitcoin has been around for a long time, but do you still believe that Bitcoin will be around for a long time to come? Have you noticed that almost every country in the world has adopted Bitcoin as a strategic reserve, and various treasury companies are holding Bitcoin in large quantities?
Bitcoin plays a huge role in becoming economically self-sufficient in the future, and holding Bitcoin can make it possible to become self-sufficient very quickly. If you want to take a deeper look at the evidence, look no further than the country of El Salvador, the biggest real-world proof.

[SquirrelJulietGarden]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

With time, Bitcoin has been become stronger and more secure with higher network hashrate, more decentralization with more Bitcoin nodes run globlally, and Bitcoin has also been adopted more with unprecedented growth in history of human civilization.

The amazing thing is Bitcoin adoption is quite solid and sustainable and it has proven that it is not like a fast grows, fast die or disappear project and network. Bitcoin has many use cases including investment and trading that have been still adopted in many years, not only since 2020.

The bullish case for Bitcoin is a book that can enlighten most newbies or Bitcoin outsiders.

Additionally, the Bitcoin founder, Satoshi Nakamoto, contributed a lot for Bitcoin project and community, so it's necessary to read Satoshi's lesson.

[BitGoba]

As time goes by, people are becoming more educated and their understanding of Bitcoin is improving. To be honest, back in 2020 it wasn’t really clear to me what Bitcoin truly was. Most of the information I came across was about blockchain, crypto trading, or making quick money. The mainstream media kept saying it was for criminals and that it was “about to die any moment.” It wasn’t until someone recommended the book The Bitcoin Standard that I had my real “aha moment” and finally understood the bigger picture.

When you realize that Bitcoin is a superior form of money, you start to see it as the perfect tool for a long-term savings account.You don’t need to trade or gamble. Instead, you can focus on your own profession while saving in Bitcoin , a hard form of money

More and more people are understanding Bitcoin, and increasingly, they are treating it as a long-term savings account.No one who truly understands Bitcoin wants to trade or gamble with something so scarce.

The bullish case for Bitcoin is a book that can enlighten most newbies or Bitcoin outsiders.

Additionally, the Bitcoin founder, Satoshi Nakamoto, contributed a lot for Bitcoin project and community, so it's necessary to read Satoshi's lesson.

I first read an article and later bought the book The Bull Case for Bitcoin.
I recommend reading the famous 2002 article by Nick Szabo on the origins of money.
https://nakamotoinstitute.org/library/shelling-out/

Nick Szabo is most likely Satoshi Nakamoto, although he has never admitted it. In the late 1990s, he worked on Bit Gold, which was virtually identical to Bitcoin.

[adaseb]

Many traders dont make money trading full time. Most people buy bitcoin as a long term investment and hold it. Most dont trade it daily. Its very difficult to make a living doing bitcoin trading or any type of trading whether its stocks or crypto or forex.

So thats why many people have normal jobs. You go to work, you get paid. With trading, nothing is guaranteed. Worse thing about trading is that you can work all day and even lose money. Who wants to do that daily? Sure the money sounds good, but you need to be consistent which most people arent. When you got bills to pay you need a reliable income and trading bitcoin is just not it.

[pooya87]

~

I see no one buying BTC IRL. It's a computer game to me.

Unless you are NSA invading people's privacy and monitoring their every move including where they spend their fiat, you cannot claim you see anything.

[Outhue]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

It's nothing but a roller coaster, this have to happen because bitcoin is a volatile accept and what brings in liquidity is hype, the four year cycle is still a thing here so it's always going to happen this day, there will always be pump and dump on bitcoin and every volatile digital assets excluding the stable coins. Why did you include bitcoin not selling like before in your topic though? Are you referring to the recent dump in price action? If that's what you mean then you haven't seen nothing yet because whales will always be whales, they are full of manipulations, now that Bitcoin is in the hands of the government I believe they will be able to make anything happen from now on. I would have love the adoption to be over saturated by the retails but I guess retails are too dumb to understand what Bitcoin really is, they waited on their government yo give them the green signal and now it feels like the retails have not much interest.

[fikrett]

Many traders dont make money trading full time. Most people buy bitcoin as a long term investment and hold it. Most dont trade it daily. Its very difficult to make a living doing bitcoin trading or any type of trading whether its stocks or crypto or forex.

So thats why many people have normal jobs. You go to work, you get paid. With trading, nothing is guaranteed. Worse thing about trading is that you can work all day and even lose money. Who wants to do that daily? Sure the money sounds good, but you need to be consistent which most people arent. When you got bills to pay you need a reliable income and trading bitcoin is just not it.

Someone sees potential in trading and tries it out, some want stability and do what you told about: going in BTC like a side task of sorts, which is good, because no matter what, we need to think about ourselves first, our investments - second.

[Oshosondy]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Are you in this world at all? I asked the question because I do not think you know what is going on about bitcoin at all.

Because I very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

Bitcoin is still considered as an option for investment and to trade now. There is nothing that changed about that. If you compare the price of bitcoin in 2020 and now, you will see how bitcoin is an asset of value as it has increased in price and marketcap significantly.

[Zlantann]

After being in this community for 11 years I can say not much has changed considering what you call "attraction". I still see the same 3 categories of people:
(1) those who see bitcoin as the decentralized money to be used to achieve financial sovereignty
(2) people who see the potential for long term profit and continue accumulate more bitcoin every chance they get
(3) people who think bitcoin is a magical get-rich-quick thing and end up losing a lot of money

This classification is a good summary of the different people that is found in the Bitcoin ecosystem. But within these eleven years, the number of these people has increased due to Bitcoin awareness. In my view, the people in category A might be shrinking due to increased regulatory laws in some countries. But the numbers in Groups B and C have kept increasing day by day. Inflation is pushing people to accumulate and hodl Bitcoin because of the sharp decline in the value of fiat. While ignorance and poverty are driving people to see Bitcoin as a get-rich-quick asset.  

[Majestic-milf]

Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.

Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more

Good to know that this post was created under your observations and not entirely on facts because then there should have been proof to back your claim. As for your observations, I'd say it's not entirely true. People are still buying Bitcoin for those who don't have and the ones who do are adding more to their portfolio so it would be funny to assume that Bitcoin is losing its novelty just because you feel some people prefer to choose physical jobs. Remember that despite the appeal of being a Bitcoin trader, it's not everyone that can actually do it.