Adoption Over Bull Run | Bitcointalksearch.org

stephanirain

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Quote from: firmino10 on July 26, 2019, 07:20:27 AM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

Adoption will also be followed by some government regulations so good luck with those. It will be a long process to fully adopt cryptocurrencies to the daily lives of the society. Indeed, many people in this industry are only focused on their personal profits and do not concern the overall state of the crypto industry. I do hope that many cryptocurrencies will be adopted soon and step into a new era of market.

iv4n

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Quote from: Onuohakk on January 18, 2020, 05:59:31 PM

Adoption is really what we need now, but the issue is that so many people don't actually knows the usefulness of crypto cos each altcoin has her purpose of creation to the society. It's about time we make more use of crypto in our daily lives than only trading and hodling it to make profit

Adoption is a process, it's what most people don't get. It's not something that can happen overnight, years and decades needs to pass before full adoption of crypto, and guess what? A decade is already behind us, we are in second one, and probably we will need to wait next one before that full adoption we all wait for. Reason is simple, demand will rise and prices will rise, it will benefit all of us. There is one more reason, crypto can make this world a better place, it's what I believe in. Bottom line, two good reason why investing in crypto is great!

Onuohakk

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Adoption is really what we need now, but the issue is that so many people don't actually knows the usefulness of crypto cos each altcoin has her purpose of creation to the society. It's about time we make more use of crypto in our daily lives than only trading and hodling it to make profit

magneto

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Absolutely right.

Price movements in the short run are quite irrelevant in terms of long term holding or adoption. As a long term believer in bitcoin, one should not hope for periods of bullishness which can be just as easily offset by bear markets, but rather actual fundamental improvement in the bitcoin network, to which adoption plays a big role in.

Unfortunately though, a lot of institutional investors who enter this sphere have no regard for actual adoption and just want to make their profit.

Anonymous100

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Quote from: firmino10 on July 26, 2019, 07:20:27 AM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

Yes. I think it is also true to increase the crypto price, of course, the party that establishes a crypto company must be able to apply coins in real exchanges. So that the circulation of cryptocurrencies will always be there, compared to just the turnover in exchange.

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Quote from: Eugenar on October 20, 2019, 09:56:45 PM

Quote from: MikeyVeez on August 08, 2019, 07:52:42 AM

Bull run could start before massive adoption, just like happened in 2017. And without bull run we can't talk about an adoption. Look how many people used cryptocurrencies in 2017 and how many in 2018.

Would it be much more better to hear, that the result of bitcoin adoption is bull run? But sadly, it is a fact that before, the reason why allot of people engage into crypto is because of the huge market value. But let's dive deeper into the question why? The answer is still Adoption, adoption of big projects such as ICO's that utilizes Bitcoin as their payment method to but altcoins which triggers the bullish trend of bitcoin.

I think that it is uncalled for to actually link the development of bitcoin to all these altcoins because if you look at the number of projects that has been released in the past, so many of them actually had pair with bitcoin? Most of them are on ethereum blockchain while some of them are on their own personal blockchain.

When it even comes to payment for the funding of the project from crowd, most of these projects do request for ethereum which the investors changes their fiat to ethereum and the fiat never even passed through bitcoin for us to have said it was because of altcoin that bitcoin had that significant growth then. Bitcoin has always won the trust of the investors on its own without the assistance of the altcoins, but rather, it is altcoins that has been relying on the increase of bitcoin for them to rise.

If we can get more adoption of bitcoin, then the market will surely be on the lane of bull run again.

Kambal2000

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Quote from: Furryball on October 21, 2019, 03:28:16 AM

Its advisable to always look for projects that will have better adoption rate either as a bounty hunter or just an investor, if the project idea is not good at all the demand will be low for sure and it will make the coin devalued

Exactly. People nowadays are looking for a good way to have extra income, and one thing that they can see is to hunt bounties. But, as we all know doing bounty is not that good enough to make profit due to scam project which led to legit projects affected too as people don't trust most of the project anymore.

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Quote from: Bitartistt on October 21, 2019, 02:03:00 AM

bull run can come anytime, only thing the new projects should be original and that will make the market better place, recetly i heard about project called hawk network, it has some good options, you can also check with follow link on the twitter page https://twitter.com/Hawk_HKC/status/1185539270456553472

Only a short hype and no more. Do you even hear about Elrond project? it was gaining so many partnership but it was bring investors to a big loss.
A new ico will get a hype in the early stage of the trade of its token in the marketplace but after that traders and speculators will be massively leaving the token and move to the another market.
It's about how you can defeat the hit and run strategy that already used by almost all of the early buyers of ico and ieo.

Look at how so many good projects have fallen drastically to the bottom.
Bullrun will only come when there was a big FOMO in the market and this create a big support in the buy wall to eat all of the pressure from the sell wall.
This comes when there was a huge news that bring good fundamental.

Furryball

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Its advisable to always look for projects that will have better adoption rate either as a bounty hunter or just an investor, if the project idea is not good at all the demand will be low for sure and it will make the coin devalued

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Quote from: firmino10 on July 26, 2019, 07:20:27 AM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

I do like the idea of world adoption. If more countries would adopt cryptocurrencies, there will be higher market volume and also, the community of investors and users which would positively affect the market behavior of course. The problem in this case arise from the trust issues of the governments with regards to market volatility which is the main issue why some countries are not adopting the concept of crypto. Hoping that someday things would be fine, because we cannot force things to be in favor to us, especially at this moment that cryptomarket is facing issues.

doomistake

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Quote from: Coltpython on August 03, 2019, 10:02:53 AM

Like a thread I recently visited, demand should take priority. Adoption and demand goes hand in hand. It will make the bull run blow even more epic in proportions.

We cannot force it to happen, that's not going to work for us that way, our continues support and the slowly mass adoption that is happening will do the magic. Instead of rushing this mass adoption, why not persuade other people by making fortune out of cryptocurrency and let it be your voice to reach them, someday, soon enough, they will turn themselves in cryptocurrency, it might take some time but it will be all worth it.

Bitartistt

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bull run can come anytime, only thing the new projects should be original and that will make the market better place, recetly i heard about project called hawk network, it has some good options, you can also check with follow link on the twitter page https://twitter.com/Hawk_HKC/status/1185539270456553472

Ailmand

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When adaptation comes in, I think the problem with market volatility will somehow lessen. But come to think of it, one of the main reasons why crypto is profitable for traders is because of its market volatility. Once, adaptation occurs it will be easier for people to use their crypto and people will view crypto as a currency, not just an investment tool.

TheClownSong

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Quote from: Gi01 on August 12, 2019, 05:02:06 PM

Quote from: firmino10 on July 26, 2019, 07:20:27 AM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

Well said mate, adoption is the key thing needed. Once the entire world accept the use of cryptocurrency, volatility will be a thing of the past since the market will be somehow stable. Personally, I don't really see cryptocurrencies as digital money but as an investment commodity. Only the adoption by the entire world can help cryptocurrency to be a digital fiat or currency..

Adoption might be able to lift prices and transactions in the cryptocurrency market but if the adoption is cryptocurrency as a means of payment in lieu of money, I think this is difficult. The government certainly will not want its authority as the holder of financial circulation disturbed. But if the adoption acts as a digital asset or tokenization of securities, I think this can happen.

Eugenar

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Quote from: MikeyVeez on August 08, 2019, 07:52:42 AM

Bull run could start before massive adoption, just like happened in 2017. And without bull run we can't talk about an adoption. Look how many people used cryptocurrencies in 2017 and how many in 2018.

Would it be much more better to hear, that the result of bitcoin adoption is bull run? But sadly, it is a fact that before, the reason why allot of people engage into crypto is because of the huge market value. But let's dive deeper into the question why? The answer is still Adoption, adoption of big projects such as ICO's that utilizes Bitcoin as their payment method to but altcoins which triggers the bullish trend of bitcoin.

Gi01

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Quote from: firmino10 on July 26, 2019, 07:20:27 AM

I see a lot of people complaining about the volatility of crypto market with the prices of all their altcoins have reducing drastically, and they hope for the bull run to come and everything should increase. I think that the bull run is not the best solution to the volatility of the crypto market, but adoption.

The best and main solution to the volatility of the crypto market is real world adoption. There are alot of cryptocurrency project that are very good and innovative but are not yet adopted that people outside the crypto space (which is a few percentage of the world economy), therefore there value is subjected to the market changes. But if they get adopted by the real world and there token value is based on the real economy (i.e daily usage by people) then the value would be on the increase regardless of whether the market is bullish or bearish.

Well said mate, adoption is the key thing needed. Once the entire world accept the use of cryptocurrency, volatility will be a thing of the past since the market will be somehow stable. Personally, I don't really see cryptocurrencies as digital money but as an investment commodity. Only the adoption by the entire world can help cryptocurrency to be a digital fiat or currency..

UniversityCoin

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For sure, adoption is one of the key to the high volatility. If people use the cryptocurrency in their everyday life, they have to buy or sell it time to time, which makes the market volume grow.

Adoption cryptocurrencies will help them find constant daily use in people's lives, which will create a constant growing demand for coins in the crypto market, which will lead to higher prices and the beginning of a frantic bull market.

MikeyVeez

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Bull run could start before massive adoption, just like happened in 2017. And without bull run we can't talk about an adoption. Look how many people used cryptocurrencies in 2017 and how many in 2018.

cryptonewbie

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To be honest, volatility will reduce when there is more higher market capitalization. Adoption will play a vital role in this and I agree. For now we can only focus on getting more use case for cryptocurrency. It will be the stepping stone towards adoption

TheClownSong

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Quote from: BryanK on August 08, 2019, 01:27:23 AM

I think you are absolutely right. But today we are developing a trend of speculation rather than a trend of innovation and discovery. We see a lot of underrated coins. This is very sad. For example, XRP is used in the banking sector and is very important for society, but it coin have very little price and people do not pay enough attention to it.

I agree that the price of altcoin on the market tends to be speculation. But if altcoin we hold has a product and has a solid developer team, I think it doesn't matter if the price is currently down. Adoption is indeed important so that investors trust on the project because for companies, to get money there must be products that are sold

Topic: Adoption Over Bull Run (Read 1010 times)