Quote from: fzkto on November 04, 2022, 09:36:30 AM

Quote from: ginsan on November 03, 2022, 05:11:02 PM

Quote from: fzkto on November 03, 2022, 04:24:31 PM

I am afraid that demand for bitcoin will not grow for long. It only happens when the price goes up, i.e. demand grows purely because of price manipulation. For example right now bitcoin is cheap, but only you and I need it, and other people aren't interested in it. Bitcoin is a new phenomenon, but I'm not sure it will prove to be anything stable. The bubble will inflate and deflate and most people will be disappointed and lose money.

I don't think so, I think bitcoin will continue to grow with greater demand in the years to come, We have to look at the longer term side to see more aggressive gains and be able to create new ATH. some big news is urgently needed to boost mass adoption. Well at the beginning of this month the price of bitcoin was more sideway in recent days and this shows that bitcoin demand is still stable in the sell-off. I think it has a big impact because we are approaching the end of the year and a lot of people will probably be selling bitcoins for their purposes in celebration of the end of the year. we can take advantage of the situation to buy at a lower price.

I understand that bitcoin is the most popular cryptocurrency. I also believe in it, but now there are a lot of shitcoins that no one is surprised by anymore. I think that Ethereum may soon replace bitcoin at the top of the list. I hate to believe it, but bitcoin's dominance in the market is constantly falling and will never go back to the levels it was 5 years ago, for example. But let's hope that in the future cryptocurrencies will indeed be much more mainstream than they are now.

What makes you think that ethereum is slowly replacing bitcoin, I don't understand what you are saying, do you have any proof of what you are saying? Why is the demand for bitcoin decreasing and the demand for shitcoin increasing? Today market participants first thing they will care about is shitcoins because of the hype they bring but most of the time will realize that bitcoin is the safest investment in the market. That is evident during bear season when shitcoins plummet and there is no possibility of recovery but bitcoin will always lead in terms of resilience.