Bitcoin going down since 2021 – Who still buys Bitcoin

Even amid ongoing market volatility, Bitcoin still dominates the cryptocurrency market.

As adoption has grown, interest in Bitcoin has expanded from retail investors to institutional investors and mainstream businesses such as Tesla and MicroStrategy.

Since its inception, Bitcoin has always been the most famous cryptocurrency.

who is still buying bitcoin

Although thousands of alternative cryptocurrencies have been created over the years, Bitcoin (BTC) remains the top cryptocurrency in the world, even in times of market volatility.

Read on to learn more about Bitcoin and why people are still interested in it even in the face of market volatility.

Bitcoin was founded in 2008 and is the world’s first cryptocurrency. It is a form of digital cash that allows users to send and receive funds over a decentralized network. Unlike fiat currencies, Bitcoin is not controlled by a central bank or authority. Instead, it is powered by thousands of computers around the world.

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Who is still buying bitcoin?

With a decade-long track record and outsized impact on traditional financial institutions, Bitcoin has withstood multiple cycles of market volatility and remains as the top cryptocurrency in the world.

Between 2020 and 2021, the price of Bitcoin has risen by more than 1,200%. Now, regardless of market conditions, many Bitcoin holders and early adopters support Bitcoin for its features and utility.

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Public companies that trust Bitcoin

Retail investors have been major players in the cryptocurrency space for years, as those in the traditional financial world did not see cryptocurrencies as a viable investment option. Bitcoin is new, seemingly complex, and collateral unknown; this is in stark contrast to the relative stability of bonds, and the more well-known risks associated with equities.

This is not to say that traditional financial institutions cannot adapt to new technologies, but it is safer to play safe and avoid a new wave of highly volatile and untested technologies. While Bitcoin’s potential was recognized by the fan community, it didn’t resonate with the masses.

In the ten years since Bitcoin was created, a lot has changed. Adoption has increased significantly due to the widespread use of cryptocurrencies in cross-border payments . At the same time, more and more mainstream companies are accepting cryptocurrencies, providing customers with cryptocurrency payment options.

Additionally, several large players, including Coinbase, Galaxy Digital Holdings, MicroStrategy , and Tesla , have expanded their portfolios to absorb billions of dollars in bitcoin. Some institutional investors are also changing their views on the cryptocurrency industry. Some companies, like Blackrock , are even offering bitcoin options to institutional clients.

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Advice for responsibly protecting and buying Bitcoin

Whether you are a seasoned trader or new to cryptocurrencies, responsible trading should always be a top priority when buying or selling any type of digital asset. Regardless of market conditions, it is important that you take responsibility for your decisions and not rely solely on news reports or the opinions of others.

Developing a robust trading plan based on prospect analysis can help you take responsibility for the entire trading process. If you feel overwhelmed or emotionally affected by fear, hesitation and doubt, or fear of missing out , think twice, stay sane, and avoid emotional trading. Most importantly, always do your own research and make sure you fully understand the risks involved.

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How to buy Bitcoin on Binance?

Bitcoin is not yet available to buy through banks or investment firms – maybe in the future. Here are some of the ways you can do this on Binance. You can deposit funds to Binance Spot Wallet via bank transfer using a credit or debit card, or buy Bitcoin from other users using Binance C2C. Additionally, as part of Binance’s commitment to offering low fees, users can now trade many Bitcoin trading pairs with zero transaction fees. In the following, we outline how to buy Bitcoin with a credit/debit card.

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Buy Bitcoin with Credit/Debit Card

  1. Log in to your personal Binance account. Select [Buy Coins with One Click] in the main menu bar, and then click [Credit/Debit Card].
  2. Select the currency you want to pay, then select Bitcoin, and click [Continue].
  3. Confirm the amount of fiat currency and bitcoin on the screen, and then click [Add New Card].
  4. After entering the credit/debit card details, click [Next].
  5. Enter your billing address and click [Add Card]. The page will jump to the [Pay with Credit/Debit Card] page. Confirm the transaction amount again and click [Continue].
  6. Click [Confirm] to complete the payment. Bitcoins will be credited to your spot wallet.

The cryptocurrency space is booming. While we cannot predict how events will develop in the foreseeable future, many believe that cryptocurrency adoption will continue to spread and interest in Bitcoin will continue to grow.

Buy and sell Bitcoin at Binance