Adoption Over Bull Run | Bitcointalksearch.org

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: firmino10 on July 26, 2019, 08:20:27 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

legendary

Activity: 3248

Merit: 1179

Quote from: Onuohakk on January 18, 2020, 06:59:31 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

member

Activity: 672

Merit: 29

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

hero member

Activity: 1666

Merit: 753

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

member

Activity: 423

Merit: 11

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: Eugenar on October 20, 2019, 10:56:45 PM

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

sr. member

Activity: 686

Merit: 257

Quote from: Furryball on October 21, 2019, 04:28:16 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.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

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

member

Activity: 490

Merit: 19

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

Kersh768

sr. member

Activity: 658

Merit: 256

Freshdice.com

Quote from: firmino10 on July 26, 2019, 08:20:27 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

hero member

Activity: 1400

Merit: 571

Quote from: Coltpython on August 03, 2019, 11:02:53 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

newbie

Activity: 59

Merit: 0

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

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

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

sr. member

Activity: 1428

Merit: 251

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

Quote from: firmino10 on July 26, 2019, 08:20:27 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

sr. member

Activity: 1274

Merit: 278

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

full member

Activity: 342

Merit: 110

Quote from: firmino10 on July 26, 2019, 08:20:27 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

full member

Activity: 714

Merit: 101

Quote from: ?? on ??

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

full member

Activity: 896

Merit: 102

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

full member

Activity: 434

Merit: 100

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

sr. member

Activity: 1428

Merit: 251

Quote from: BryanK on August 08, 2019, 02:27:23 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

Daha19

sr. member

Activity: 725

Merit: 250

Making Smart Money Work

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

Cryptocurrency volatility is very good, some coins managed to make + 300% since the beginning of the year and, apparently, they can go further in the near future

andika2018

member

Activity: 700

Merit: 10

Quote from: firmino10 on July 26, 2019, 08:20:27 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 might be able to help strengthen altcoin prices but prices must depend on supply and demand in the market. For the adoption of altcoin, it may still be a matter of time because many governments do not yet have clear regulations on cryptocurrency while current price movements are more dominated by market speculation

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

The bull run will come but the adoption still running until now. In the right time, the bull run will happen, and that will attract the adoption to grow in many places, so it will lift the price up, but then, as usual, there will be a time for the correction of the price and the price will adjust to a new rate which will stable for a while. I think the bull run is near to come and bitcoin price now trying to back to the highest price first before the bull run comes, but I don't think that the bull run will come too fast because the price now still slowly to increase.

sana54210

legendary

Activity: 3290

Merit: 1128

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

But, adoption and bull run are interlinked. It means one is happening depending upon the rate of another's happening. At the same time, we must understand that the volatility of crypto market is something we cannot do anything about that but we must need to get practiced to that so that we can focus on more profit making chances by making use of this of volatility these markets.

Quote from: firmino10 on July 26, 2019, 08:20:27 AM

The best and main solution to the volatility of the crypto market is real world adoption.

I agree. But, mainstream adoption will be possible only bitcoin and other crytos are having some big value so that more number of people will be coming forward to adopt a new kind of payment system. This is the reason I am claiming both volatility/bull-run and adoptions are interlinked.

BryanK

sr. member

Activity: 812

Merit: 250

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.

Coltpython

member

Activity: 700

Merit: 11

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.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

When the adoption happens in all country, cryptocurrency will explode, and that means, we will see a new rise of the cryptocurrency.
In that time, there will be many people comes to the cryptocurrency and they are curious about the cryptocurrency so they will learn more.
Maybe the adoption will happen soon as we know that now, many countries are trying to accept cryptocurrency so their people can have a new way to make money.

Patrix_1

member

Activity: 364

Merit: 10

Right now we are too far away from reaching the mass adoption and the first reasons are scam projects that are taking place every single day. Until we would be able to eliminate them, I prefer to have several bullruns in the meantime.

redsun114

hero member

Activity: 2674

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: killat on August 01, 2019, 12:31:11 PM

I think it might take some while until mass adoption. None of my clients agreed to switch to crypto when I offered them that. Everybody is scared, even though paying me is a huge pain in the ass. I guess it's not the right time yet.

With time, they will come around. Cryptocurrency technology is not really easy to understand, I remember when I was first introduced to cryptocurrency, I ignored it too and I thought it was another Ponzi scheme, it actually sank a bit into my head then, but I never really took it.

It was the second time that I head of it that I took it into consideration and I believe those people you spoke about it too will still have a rethink of it because they must surely hear it again somewhere and that will make them want to reconsider it and also know more about it.

The adoption is still very low because it is a new system, and I believe that there will be a time that the adoption will be very high. One of the reason why we have not also seen the adoption that we need is because we don’t have regulation yet, so some people think because government is against it, it will be illegal for them to use it.

anjho.ace

full member

Activity: 371

Merit: 100

Quote

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.

just wait for the bull season and everyone who are complaining will just shout being happy on their profit.
People are always people, they will never be happy at this stage while some are happy gathering more tokens who are down.

ishirut009

member

Activity: 616

Merit: 13

Quote from: firmino10 on July 26, 2019, 08:20:27 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 strongly agree with all that you've said. That is why i invested myself in coins/tokens that i know got a lots of advantages when it comes to adoption. Some of them are vechain and eth. I invested in vechain because of its background and that can push adoption. Eth is already adopted but it needs more progress.

dark08

full member

Activity: 798

Merit: 104

Quote from: firmino10 on July 26, 2019, 08:20:27 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 super agree to you massive adoptation is one of cryptocurrency need in this kind of situation because adoptation can help cryptocurrency to increase we already experienced again a bull market but compare to 2017 bull run this one is slowly but surely. I believe in the near future cryptocurrency will be use all over the world.

No One

jr. member

Activity: 417

Merit: 1

This is really a good idea. So far I think adoption and daily usage of coins in the market is minimal and I am strongly on this side of using coins in our day to day life. As a result, no bull run is required for price of coins to increase.

OliverBuracBTC2017

newbie

Activity: 1

Merit: 1

I think adoption will help in the consistency of the value of cryptocurrency. However, not all are aware of cryptocurrency and still not sure if those are safe. If somehow that a lot of people has bought or have invested in cryptocurrency, that will bring on the long run earnings for them and values would somehow increase.

crenfrosck

member

Activity: 470

Merit: 12

I would say that there is a slight correlation between them. As you have mentioned, all those XYZ tokens/coins are in hands of just a few per cent of a population. However, if they are in hands of more people, the will become more decentralized, no entity will hold (THAT) much power over the market and the price should be more stabilized. Adoption will bring more profit over the long-term than trying to squeeze as much as possible from the market at the moment. I agree with your statement after all Wink

.

HodlerKing101

jr. member

Activity: 199

Merit: 1

That's definitely the way of thinking that the crypto community needs and not just focus on the price itself because it will eventually come. There are projects there helping mass adoption by introducing hardware with blockchain technology to companies and for them to use. This will serve as an eye-opener to giants in the space and have them use crypto/blockchain as a part of their system. Once we get mass adoption, the bull run will definitely follow along.

Menawi12

member

Activity: 700

Merit: 10

Quote from: firmino10 on July 26, 2019, 08:20:27 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 agree that adoption can be a key factor for altcoins so that prices can rise. With adoption, a project will make money and make a profit, this will keep investors coming and investing. A good Altcoin is altcoin that has good products and can be used in the real world

gundala

full member

Activity: 896

Merit: 108

most developers now have a good program for their community, even we know when there is a launch of a new project they are displaying their team and they have advisors in economics. I think they already have innovation and adopted the latest economic progress for their program.
the problem now is that many of them are not consistent with their own programs, such as inconsistencies in the road map or anything that makes community trust decline.
when the community no longer believes in a project, this is one of the causes of falling demand, which makes it difficult for prices to grow.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

Quote from: ?? on ??

i agree with you if adoption is also mean bigger cap, but if it's just an adoption without massive money injected into crypto, i think it's better if bull coming once again. Anyway ive learn something important after 2018's bear, ive learn to never buy any coin outside big 50 market cap again in the future. Stick with bitcoin is what I'm doing now

Do not buy coins that are not in the top 50? Remember that most of the coins that are now in the top 50 were not there before. they collected a lot of money and pushed many coins from the first places

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

I think it might take some while until mass adoption. None of my clients agreed to switch to crypto when I offered them that. Everybody is scared, even though paying me is a huge pain in the ass. I guess it's not the right time yet.

irixo10

full member

Activity: 1078

Merit: 104

GoMeat - Digitalizing Meat Stores - ICO

Yes I agree with you. Adoption is what will surly give tremendous rise to the value of this space and of course will cause bull run because people will get to start using cryptocurrency in real-life. Also, a study on this space recently, it is evident that most projects are developing their products or platform so as to compete with others while those that failed to are going down with each passing day.

indriasyifa

jr. member

Activity: 322

Merit: 1

the problem in crypto is now about how to be adopted in the real market, I think the easiest place to adopt cryptocurrency is the market place market or start-up buying and selling. because there they can build combinations of markets and crypto simultaneously. then to achieve real marketing, crypto requires management how to implement coins on the market, therefore, the coins that will develop are coins that have their own applications.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: Boriss on July 31, 2019, 03:52:25 PM

Quote from: South Park on July 29, 2019, 09:50:54 PM

Most of those that want to see an altcoin season do not really care about the adoption and the success of the coins they are holding, they want profits and they want them now, so adoption is not really what they are looking for, they want their coins to be hyped, they want high volatility levels since that has the tendency to drive prices up, once you understand what they want then it is easy to see why most members show no interest in the adoption of most coins, so while you are correct in your analysis you got the motivations of most people wrong.

You are 100% correct, and that was most visible when crypto when down with the price. Most of hyped users went to some kind of hibernation sleep forgetting crypto altogether.

All this people that want adoption must ask them selves what have they done to make it more real for other people around them. You can always talk to people, help them to download some wallets on their phones, transfer them small amount of some cheap coins that cost you same one cup of coffee just to push them in that direction. You can try to sale some junk from you basement on your local adds with notice that you also accept crypto as a way of payment. Wink

now what I have in mind is just buying coins and getting maximum profits, while cryptocurrency adoption, I don't pay much attention to because it holds on to use by most of the world community and government. and I do not have the power to influence those two elements

shoreno

full member

Activity: 1750

Merit: 118

Bull and adoption were both the same because if there will be adoption the value will increase and result for the pump of the price . both adoption and bull run is the wish of all crypto users because this was the only way that their investments can grow and its also a solution for a dumping portfolio . but this adoption wont make the cryptos stable . though price stability can also be an answer to avoid losses but the downside is that you cant earn bigger if price was in stable condition

Milamol

member

Activity: 686

Merit: 11

Quote from: Boriss on July 31, 2019, 03:52:25 PM

Quote from: South Park on July 29, 2019, 09:50:54 PM

Most of those that want to see an altcoin season do not really care about the adoption and the success of the coins they are holding, they want profits and they want them now, so adoption is not really what they are looking for, they want their coins to be hyped, they want high volatility levels since that has the tendency to drive prices up, once you understand what they want then it is easy to see why most members show no interest in the adoption of most coins, so while you are correct in your analysis you got the motivations of most people wrong.

You are 100% correct, and that was most visible when crypto when down with the price. Most of hyped users went to some kind of hibernation sleep forgetting crypto altogether.

All this people that want adoption must ask them selves what have they done to make it more real for other people around them. You can always talk to people, help them to download some wallets on their phones, transfer them small amount of some cheap coins that cost you same one cup of coffee just to push them in that direction. You can try to sale some junk from you basement on your local adds with notice that you also accept crypto as a way of payment. Wink

In 2017 - early 2018, I did it. I have attracted several people to crypto, such as investors and bounty hunters. Some of them were interested in technology. But not for long. The reason for this is also a drop in prices.
People seek profit first. Otherwise, most of them are conservative. Mass adoption can come to cryptocurrency through profits. Or imposing the need to use cryptocurrencies. Unfortunately.

SvonioneFromMangoCoinz

member

Activity: 663

Merit: 10

https://streamies.io/

Quote from: firmino10 on July 26, 2019, 08:20:27 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 understand this investment strategy. But the important question is when genuine investors can realize this and focus on investing in technology?
I think it will last very long, and in that long time there will be a lot of projects dying because of the lack of capital to operate. So I think this investment strategy is not suitable at the present time.

lixer

hero member

Activity: 2646

Merit: 586

You are so much correct about this, there are so many projects right now have very sound innovative but when it still comes to adoption, adoption may not likely happen if the developer of such innovation does not go extra mile to make their project visible to world at large.

Secondly, most of these developers are also the ones that usually make people that would have adopted the coin see it as just investment instruments, so they need to start promoting more of the usefulness of the project than the money it will fetch whoever would bring money to buy the token.

The reason why we do have so much crashes in the price of cryptocurrency also is because people use it for investment rather than use it for its technology, we can only get less volatility when people makes use of their product more.

Boriss

full member

Activity: 728

Merit: 115

Quote from: South Park on July 29, 2019, 09:50:54 PM

Most of those that want to see an altcoin season do not really care about the adoption and the success of the coins they are holding, they want profits and they want them now, so adoption is not really what they are looking for, they want their coins to be hyped, they want high volatility levels since that has the tendency to drive prices up, once you understand what they want then it is easy to see why most members show no interest in the adoption of most coins, so while you are correct in your analysis you got the motivations of most people wrong.

You are 100% correct, and that was most visible when crypto when down with the price. Most of hyped users went to some kind of hibernation sleep forgetting crypto altogether.

All this people that want adoption must ask them selves what have they done to make it more real for other people around them. You can always talk to people, help them to download some wallets on their phones, transfer them small amount of some cheap coins that cost you same one cup of coffee just to push them in that direction. You can try to sale some junk from you basement on your local adds with notice that you also accept crypto as a way of payment. Wink

ansarose1

member

Activity: 784

Merit: 10

Quote from: firmino10 on July 26, 2019, 08:20:27 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 agree with you that it is not about bull run the solution to votality of the market's prices, its adoption and the outcome of the altcoins, besides as what you've said theres many projects that is good and potentially innovative but are not yet adopted by many. Even when bull run occurs, doesn't mean altcoins soon to follow the situation, and it depends.

Muzika

sr. member

Activity: 980

Merit: 261

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

We need adopatation but the main problem is people has no idea on what they should adopt meaning the power of pure investment is still there they are not looking forward for the purpose but they are looking forward for the profit that the project can generate for them and once they got profit they are going to abandon it and those believers will follow.

GGmith

jr. member

Activity: 394

Merit: 1

yes adoption is one solution to boosting the price of coins on the market including the price of bitcoin. if more and more people are joining the world of cryptoqurrency (new users), of course it will have a major impact on this market, including the market situation can improve.

Nasty23

full member

Activity: 736

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: danherbias07 on July 29, 2019, 10:32:03 PM

Ding Ding Ding.
Someone wins.

Adoption is the right word for everything to have stability.
But it became more of a manipulation by whales and those who can better us from buying a lot of it.
Groups are being created to try and make profit specially with altcoins which are cheaper.

How could merchants get in if the price keeps on moving like crazy? That is the problem. If I am a merchant, I dont want that kind of high risk.

I think this kind of problem can be solve if a merchant use an application for auto liquidation of every transaction that establish within their company. This would help the crypto market for the mass adoption because the merchants or customers will not be worried about the crypto prices and also they can be able to transact wherever they are on which they can be able to transact with a low fee and a secure transaction.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Ding Ding Ding.
Someone wins.

Adoption is the right word for everything to have stability.
But it became more of a manipulation by whales and those who can better us from buying a lot of it.
Groups are being created to try and make profit specially with altcoins which are cheaper.

How could merchants get in if the price keeps on moving like crazy? That is the problem. If I am a merchant, I dont want that kind of high risk.

tsaroz

legendary

Activity: 2982

Merit: 1069

Quote from: firmino10 on July 26, 2019, 08:20:27 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'd blame the altcoins themselves. Not every coin can be bitcoin, it has it's own place.
Now altcoins comes with different flavors and with different use areas. But they with poor management fails to deliver what they promised to which decreases their price. Though I know there's market sentiments where a bear would plunge every alts to bear but a promising coin would surely stand out if they have something to deliver.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

Most of those that want to see an altcoin season do not really care about the adoption and the success of the coins they are holding, they want profits and they want them now, so adoption is not really what they are looking for, they want their coins to be hyped, they want high volatility levels since that has the tendency to drive prices up, once you understand what they want then it is easy to see why most members show no interest in the adoption of most coins, so while you are correct in your analysis you got the motivations of most people wrong.

fosamede

copper member

Activity: 21

Merit: 0

Volatility will be significantly be minimal if more persons are involved in trading- not some few individuals doing the trade. As the adoption grows steadily we will have a much more stable market. It will also mean fewer persons hold large chunk of bitcoin to significantly affect the market direction

Christinebeauty

copper member

Activity: 420

Merit: 2

Real world usage of a coin is the main driving force of the coin's value. Those pump and dump coins are the ones who usually find it difficult to survive in bear markets. We still have so many projects out there who are yet to list on exchanges because they feel their project has no physical product to give the tokens its value

Chomsy

copper member

Activity: 364

Merit: 1

Adoption is definite the solution the cryptocommunity needs. If more and more big companies and countries embrace cryptocurrency, the more there's improvement in the market. Adoption is what will bring the desired bull run that everyone has hungered for.

Nhebu

member

Activity: 616

Merit: 10

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

Yeah! We know that volatility is always been a topic or discussion in this industry. It is normal for the people specially those who are late in cryptocurrency bull run are blaming the volatility. We have to be patient, that is only way on how do we secure our position. If we enter the highs of the market, I assure that we get only few or even we lose our capital. Perfect timing and planned execution is the greatest strategy in cryptocurrency.

Kasabus

hero member

Activity: 2814

Merit: 576

We don't need a bull run for adoption, we need a constant growth.

Bull run is most likely cause only of hype or FOMO and it will not last, and then again we will witness a bear market after that.
Adoption that is slow and steady is better than a bull run cause by FOMO, and that could only be possible when the regulation is set properly so institutional money could come in.

adekogbe

member

Activity: 854

Merit: 21

The bull run is a good period for all investors to benefit from the coins they already holding or from new projects, but if the bull run is fueles by hype like the last bull run, then it would not last and will also see a similar correction like that of 2018.

A bullrun backed by proper adoption of cryptocurrencies however Will last longer and will see a less critical correction

lienfaye

hero member

Activity: 3010

Merit: 629

Adoption is indeed a big factor that can affect the market.

If only people are looking deeper on how we can spread awareness to others and not just concerning about the unstable price then we dont need to rely only on bull run to be able to make profit. If there's more demand than supply definitely the price will go up but this is only possible if other people engage themselves in crypto even there's no signs of bull run.

Rengga Jati

hero member

Activity: 2072

Merit: 656

PredX - AI-Powered Prediction Market

Complaining of the crypto volatility is nonsense I think. Before entering the crypto world, we must know that one of the most characteristics of the crypto is volatile. So we must be ready for the condition. The volatility may lead us to set the right strategy in order to get high profits, that is by learning more to make the best trading. However, of course, this is not easy. We must have certain experiences and research in order to accumulate the volatility to be high profits.

InwardContour

sr. member

Activity: 644

Merit: 260

This is one of best topics I've come across lately. Many people just bother about price movements and bullrun without necessarily looking at what will make crypto better in the long run. Adoption is truly what we need, not price speculations, not pump and dump. If some products of certain projects are used mainstream and probably their coin is used for such product, the price of that coin automatically won't dip massively since it has practical use case. I believe with gradual adoption, crypto will be less volatile in future.

Crazypeach14

newbie

Activity: 28

Merit: 0

Relax guys, both a bullrun and adoption will come

Kasabus

hero member

Activity: 2814

Merit: 576

It has nothing we do with the adoption, it is one of crypto features and people make it as a tool to have a huge market gain than they want for a stabilizing market. It might be of high risk but because of its volatility but we have to understand the thing that we can't make a change of it.

cryptobae10

jr. member

Activity: 658

Merit: 5

To my own understanding; massive adoption of crypto currency does not lead not large capitalization which will yield consistent prices.

As an investor; you need your profits to keep growing
And you need to be consistent too

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: suzanne5223 on July 26, 2019, 12:32:59 PM

Quote from: 10c on July 26, 2019, 08:32:45 AM

volatility disappears only when we will have a huge market capitalization. with large capitalization, it will be impossible or very difficult to manipulate

No, you're wrong buddy because huge market capitalization doesn't save any cryptocurrency from market manipulations but the level of support (i.e adoption or accumulation) which will literally boost more investors trust. An example is BCH when it was created there's is a lot of misconception going on which lead huge crypto miners mining the coin instead of BTC then, Btc market started experiencing dump in price but when the misconception all gone miners switch back to BTC and BTC started to experience surge in price.
What I'm trying to point out is that miners and community support level in terms of mining and accumulation of coin determine the future of every crypto in the market and this is one of the reason why altcoin market is highly manipulated once the arbitrage traders switch to BTC the price will drastically dump.

Miner contribute significantly to how the coins perform. We have over a thousand coins(btc) been mine every day and if the miners keep dumping this mining coins there is no way bitcoin will not go backward but if they keep holding we would see significant upward movement in pricing. Bitcoin is volatile and that is because it is business! We don't have a monetary policy or regulatory that regulate its pricing and the forces of demand and supply is what determines its prices and because of that, I think it will never be stable as it is going to find it very difficult to be in the state of equilibrium.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

Information is not equally distributed among all market participants, therefore inequality leads to unfairly shared wealth. Mass adoption will help the markets to grow but I don't think the market growth rate will dictate the people join the crypto ecosystem. Value does not have same meaning as market share price but it has deep connections.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: 10c on July 26, 2019, 08:32:45 AM

volatility disappears only when we will have a huge market capitalization. with large capitalization, it will be impossible or very difficult to manipulate

No, you're wrong buddy because huge market capitalization doesn't save any cryptocurrency from market manipulations but the level of support (i.e adoption or accumulation) which will literally boost more investors trust. An example is BCH when it was created there's is a lot of misconception going on which lead huge crypto miners mining the coin instead of BTC then, Btc market started experiencing dump in price but when the misconception all gone miners switch back to BTC and BTC started to experience surge in price.
What I'm trying to point out is that miners and community support level in terms of mining and accumulation of coin determine the future of every crypto in the market and this is one of the reason why altcoin market is highly manipulated once the arbitrage traders switch to BTC the price will drastically dump.

hell_slayer

full member

Activity: 728

Merit: 139

Quote from: awik p on July 26, 2019, 10:56:34 AM

very good thread. I just realized, that we only concentrate on prices, without thinking about aspects that can raise prices significantly. for what is a good project but cannot be applied that products, so that the project will be useless, and the price will definitely fall because there is no demand

Yeah , that's true . We are too enthusiastic about speculation on the stock exchanges and do not pay attention to the real work that projects are doing to develop their business. I am very impressed with projects that, instead of simply conducting an aggressive marketing campaign and making money by selling their coins, simply work on partnerships and improving their ecosystems. Such projects can achieve great success in the future.

Bravext

copper member

Activity: 196

Merit: 2

You are very correct, walking into your local Starbucks and paying with Bitcoin would have the effect of making bitcoin more popular and mainstream and would likely trigger a massive bullrun like never before, when credit cards were first introduced, it might not have been popular but look at the impact it has on our lives now.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Remember that cryptocurrencies price are only depend on supply and demand. When there is many people who comes and intend to using them then that is automatically the cryptocurrencies price will goes up. Thus far, the best factor who will make cryptocurrencies price going up and we can say it as a bull run time is adoption.

I haven't found another aspect which can make cryptocurrencies price meet a bull run expect the adoption factor. As you may know, at 2017 ago when cryptocurrencies price touch an ATH and got popular was caused by mass adoption. Microsoft, facebook and more giant company choose bitcoin and altcoin as payment system which is mean this aspect was caused by adoption. So, I wouldn't be supprised when mass adoption came the bull run will come also.

rdewilde

full member

Activity: 925

Merit: 100

You are right, real world adoption is one of the things that will reduce the volatility of this space. The problem is, most projects are only hype while the team within most projects are after their own pocket thus not caring in whatsoever written in their whitepaper. I think once the right step is taken there will be a tremendous turnaround.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

very good thread. I just realized, that we only concentrate on prices, without thinking about aspects that can raise prices significantly. for what is a good project but cannot be applied that products, so that the project will be useless, and the price will definitely fall because there is no demand

Patrix_1

member

Activity: 364

Merit: 10

Cryptos will not be so volatile when we reach the mass adoption and it is normal. You are right, but who said that volatility is bad for us? Volatility opens tons of opportunities of how to make money on trading, especially if you are good in margin trading.

bitsurfer2014

hero member

Activity: 924

Merit: 520

I think neither a bull run nor a massive adoption will solve the volatility of cryptocurrencies since being volatile is an inherent nature of digital assets - (except for stable coins) and I guess there is nothing much we could do about it. Though its a little bit surprising why most holders / traders would prefer it as a way to take advantage of market trends and subsequently increase their assets by capitalizing through cryptocurrencies volatility hence it is favored by speculators. Imho.

tsaroz

legendary

Activity: 2982

Merit: 1069

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

You are correct but where there's limited supply and speculation, no currency would have a natural price. Almost all of crypto currency are inflated in price just due to speculation. Adoption and use is the real determinant of the price but it has in real very low effect on the current price of altcoins.

Drai

sr. member

Activity: 567

Merit: 270

Believe it or not, the continued rise of cryptocurrency prices is directly tied to it's worldwide adoption because nothing makes people pick interest faster than a quick profit, the profit might draw them in but the technology keeps them, this is exactly what happened to me, now I am a die hard Cryptocurrency fan.

masterrex

full member

Activity: 1820

Merit: 107

Cryptocurrency adoption and bullish market sentiments(Bullrun) are both important elements in the cryptocurrency space. Since it can drive the price of any particular coin/token in the particular period. But the big question is how can we promote crypto adoption in this current crypto environment that full of scams and fraudulent activities it doesnt make sense.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: firmino10 on July 26, 2019, 08:20:27 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.

Investors wants price to keep increase.

Enthusiast wants price to settle at some range to use them as currency which is the thing can make adoption possible.

So this litereally depends on the people how they see crypto currency.

coinporch

sr. member

Activity: 1036

Merit: 252

Dolphins Finance TRUSTED FINANCE

Quote from: Jadesola on July 26, 2019, 08:43:23 AM

OP is not far from the truth but i doubt if many in the crypto sphere are in for adoption, many in the crypto sphere are only here for profit and nothing more and the real world have little or no knowledge about the use of decentralization and crypto to solve real life problem.

but in my opinion, a lot of financial services and governments already learn about blockchain technology, i read it on several online media about blockhain
and facebook a large social media company will create libra as their cryptocurrency
thats really a big sign if mass adoptions on crypto world already on the way my friend

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: Jadesola on July 26, 2019, 08:43:23 AM

OP is not far from the truth but i doubt if many in the crypto sphere are in for adoption, many in the crypto sphere are only here for profit and nothing more and the real world have little or no knowledge about the use of decentralization and crypto to solve real life problem.

There are two type of participants within the crypto sphere :

1* : Startups and investors with longterm plans, who think crypto will play an important part in the years to follow. They tend to have multi-year strategies in place.
2** : Day traders and speculators that are far more focussed on shortterm price movements

* hamstringed by a lack of clear regulation and are therefore forced to move at slow speed
** hamstringed by the fact that this is a relative new market that can be easily moved by information (hype / hacks / new information) and on which technical analysis do not
work as well as for example on stock markets

bernardos

member

Activity: 686

Merit: 45

I agree with the thread starter here. But if crypto wants to go mainstream it needs to become as easy to use as fiat money. Unfortunately that is not the case. People are all about usability. They no longer wanted to stand in line in banks so banks created credit cards. Now it takes too long to use standard credit cards so banks created contactless credit cards.
This is the road the crypto needs to take, make it easier and cheaper for the regular Joe to possess crypto currencies.

unusualfacts30

hero member

Activity: 1540

Merit: 500

they're interconnected and both of them need be taken into consideration. bull run in a way attracts people to crypto space which can escalate adoption in a way. but when you're talking about adoption, you have to consider different people and their needs when speaking of adoption/bullrun. One can help other in many ways but one without the other can have implications that can slow it down.

Jadesola

member

Activity: 280

Merit: 11

OP is not far from the truth but i doubt if many in the crypto sphere are in for adoption, many in the crypto sphere are only here for profit and nothing more and the real world have little or no knowledge about the use of decentralization and crypto to solve real life problem.

PaoAj

jr. member

Activity: 199

Merit: 2

Quote from: firmino10 on July 26, 2019, 08:20:27 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 love this post and this is something that not all bag holders see. A lot of people only care about getting ROI and I definitely agree that adoption is what we needed to get to the level that we wanted. There has been a lot of efforts done, like Justin Sun's plan to have lunch with Warren Buffet to change his mind about how crypto is (I think it was cancelled though), companies that introduce their products to companies that involve blockchain technology to help mass adoption, and many more. There are also big headlines such as major companies accepting crypto now as payment like AT&T, etc.

qwizzie

legendary

Activity: 2548

Merit: 1245

I agree that we need adoption over bull runs, here are some interesting articles by one of the crypto projects that is focussed
specifically on adoption by addressing speed & cheap costs of transactions, ease of use, and using switching incentives :

https://dashnews.org/ryan-taylor-dapi-to-solve-key-business-adoption-barrier-for-cryptocurrency/
https://dashnews.org/dashs-ryan-taylor-bitcoin-screwed-up-all-three-requirements-for-mass-adoption/

10c

full member

Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

volatility disappears only when we will have a huge market capitalization. with large capitalization, it will be impossible or very difficult to manipulate

firmino10

member

Activity: 372

Merit: 11

elysian.finance

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.

Topic: Adoption Over Bull Run (Read 989 times)