Topic: Bitcoin adoption growing stronger everyday - page 4. (Read 1013 times)

as long as the internet has reached an area, we can see that most of today's young generation are familiar with bitcoin. and then spread to their parents and their families. and one day when the majority of citizens in a country are familiar with bitcoin, that's when a country inevitably has to regulate laws regarding this matter. and now one by one countries in the world have started to make laws regarding crypto and bitcoin assets. like the latest one is from Brazil. and I think soon more countries will do the same. and this brings closer to global adoption of bitcoin. but of course it takes a long time maybe years or more.

Russia is a big country so if that happens it will definitely be a big hit for bitcoin, but I think Russia will never accept bitcoin as a legal tender even if their economy becomes worse. If they do, they will kill their rubles and let their enemies know they are losing. On the other hand, Russia is doing business mainly with China and India, two countries with hostile views on bitcoin, so it would not be in Russia's interest to accept bitcoin as legal tender.
I don't expect big countries to accept bitcoin as legal tender, as long as they have a bitcoin-friendly stance and accept it legally, it's a success.

The adoption of Bitcoin as a legal tender in El Salvador has sparked a wave of excitement and anticipation in the crypto community. This bold move has set the stage for the widespread adoption of cryptocurrencies on a global scale, and many powerful and influential people are taking notice. The fact that El Salvador has become the first country to officially embrace Bitcoin is a clear sign that the world is ready for change. This is just the beginning, and as more powerful figures throw their support behind cryptocurrencies, it will only continue to gain momentum.

Just as the introduction of the internet was met with resistance, many people are still sceptical about the potential of cryptocurrencies. But as time goes on, the world will begin to see the true value of digital currencies. They offer a level of financial freedom that traditional banking systems simply cannot match, and their decentralized nature means that there is no need for middlemen to get involved. Whether it's for the ease of transactions, the ability to protect one's privacy, or the potential for increased financial stability, the use of cryptocurrencies is becoming increasingly irresistible. So, hold tight, and get ready for the crypto adoption race to take off!

I also hope that the adoption of bitcoin by other countries will increase. For example, now is a good time for Russia to make bitcoin a legal tender in the face of sanctions. If that happens, there will be an immediate bull market because a lot of transactions will be done with bitcoin, including industries like oil and gas, which are huge amounts of money.

It's really depends on the countries, but most of countries are accept Bitcoin as a commodities, Bitcoin as a currency is still grey area. But you need to know the number of countries which ban Bitcoin as a currency is higher than the number of countries which allow Bitcoin as a currency.

Accepting Bitcoin as a currency is need to expose your identity and you need to accept if your country has ridiculous habit to unban and ban Bitcoin every year.

This is not a problem about bulls or not, actually I think, indeed, all of us don't dismiss those who only take advantage of bitcoin for a moment, but that's not all because the adoption that is owned is far more than that because there are still many people who consider this as a tool for investing and of course we know when talking about Investment this will be something very long and not just a moment.

Perhaps the reason is that more and more young people are coming into business and trying to introduce cryptocurrency as an additional way to pay for their goods and services.In Europe, there are already many shops and various institutions that accept cryptocurrency for payment.Popularization of this type of payment is not avoided, many countries look positively at full-fledged adoption.

I don't blame with your opinion about Bitcoin adoption growing stronger every day, but checking the fact after one year more El Savador make Bitcoin as legal tender payment still not allow by another countries want to make Bitcoin as legal currency transaction. Seems not enough one year or not but only El Savador as country make Bitcoin become legal and accepted for all kinds transaction there.

I am waiting with another countries want to make Bitcoin as legal currency transaction due advantage getting not hype reason, every countries have good regulation with bitcoin transaction and not care about business or profitable from taxes only but how to make Bitcoin become legal payment transaction.

The governments around the world can wake up one morning and declare war, but that won't change much. That's empty words by any government as we have already seen. Take as an example climate change. While some of the governments are complaining about Bitcoin's "gigantic" contribution to climate change, it is obviously impossible to get governments around the world to work cooperatively against climate change anyway. Not that they are doing nothing, but many governments are putting their own interests above all others. The same will happen if government 1 out of 195 declares war on crypto. Even if there are 150 governments declaring war, there will be another government out of the remaining 45 saying "hey, we are fine with building an innovative industry in financial technology, just come to us!".

You would have to have a legal framework equally applicable and enforceable all around the world. Is there just a single example where you have seen that such a utopian scenario works out? I implied myself with the word "utopian" that it is not going to happen.

Bitcoin is not just a gimmick without any potential whatsoever. Even if someone doesn't like it or doesn't trust it, most people still have an uncertain feeling deep down that the technology is probably going to play a role in our lives one way or another.

We have also already crossed the point of no return in terms of the industry's scale in my opinion. Even if the vast majority of governments was against it, it is already too attractive to become a host for the industry in order for every single government to refrain from taking the opportunity.

Bitcoin adoption is also not just the number of wallets. Now in the most narrow meaning of the word "adoption", it kind of comes down to the number of individual users. But adoption can also mean when people decide to build infrastructure, like a company could decide to build rails for trains that can't be used by individual people yet. But adoption is still growing overall even when it's on the investment side of things. And that is clearly what is constantly happening with Bitcoin.

From what I see, bitcoin is becoming more and more popular for many different reasons, but the reason it is most concerned about is its profitability. After the covid pandemic, most people tend to look for additional sources of income, especially online investments are becoming more popular than ever, and bitcoin is one of the investments known to give the highest returns.
I find that every time bitcoin hits a new ATH, adoption gets more robust, so I predict just one more bull season, and we will see not only institutions but many more countries accept it.

yes, I definitely think that there will be more and more people who will buy bitcoin. because many people think that the bear market is over and will turn into bull market. and I also happen to have a friend and he has now started buying bitcoins and he doesn't want to miss the next bull run market.
yes, hopefully the next bull run will have a higher bitcoin price than the 2021 bull run.

Many people I know right now it's not going into bitcoin seriously for more investment and the people who invested in Bitcoin and experience profit is also the one who is collecting the information on bitcoin around the collar show the news of Bitcoin has already spread it on before now it is not surprising that bitcoin adoption will continue to get stronger

El Salvador adoption and making of bitcoin as a legal tender truly pave the way for some countries in the world today about how bitcoin can be beneficial and used in so many different ways. There are so many factors that have led to the its adoption today. I would say the significant rise in the price of bitcoin in the years so far has also gotten people to see bitcoin as a means of vital investment. The price has risen so far since from the early times it was  introduced so i feel this is just beginning of its adoption as many other countries will queue up in its adoption.

Indeed, everyone will be very happy to be free of paper money because they don't have to bother carrying a bag or something like that, so it's enough to pay by scanning a barcode address using the bitcoin wallet app to pay bills or shop at supermarkets, it can make everyone feel easy and fast. This could be one of the solutions to achieve bitcoin adoption evenly, but again it seems that merchants or companies may already understand a little about how bitcoin works, but are still very doubtful about bitcoin price movements which are relatively volatile so they are still unsure about it.

El Savaldo adoption has opened people's eyes in many nations and individuals' eyes, and the way bitcoin is gaining popularity has shown it to be one of the greatest inventions ever created in time, I believe in time, and now would have been the best time for Nigeria to use bitcoin payment because Nigeria is currently having problems with transaction and fiat, so bitcoin adoption would have been a great solution.

Adoption is something that is already there, but the biggest problems come from governments, because when a business says that they accept bitcoin, they will keep records of the person and their data, and that is something they do not like, but places where I have gone they need the identification to be able to process the payment, I have a mini wallet on my phone, but I have not been able to use it because for any transaction they ask me for identification and I prefer to pay in cash, it is scary that they take my records and then have a database data where my name appears, that scares me, if the purchases and the policies, if they were anonymous in their entirety, were different, it would be ideal, but I am in a third world country where they can easily give the data to anyone.

One major reason that have pulled bitcoin's adoption some few steps backward is the hacks and crises experienced in the year 2022 and some other previous experience, I can tell you that many are still very skeptical about the future of bitcoin and cryptocurrencies in general, many are afraid that the government of the world might wake up one morning and declare war against anyone suspected to be a bitcoin or crypto holder, which will result in a big dump that will crash the price of bitcoin and crypto and probably end the industry.

But this is never going to happen, bitcoin is here to stay and I can tell that it's adoption is growing, though might not be as fast as we want it, but slow and moving forward is always better than stagnant or fast and moving backward.

Considering the last year's market stats and developments I think there were just a few bitcoin adoption progress. Even some of the small Bussniess that entered the golden time of the cycle took a wise exit from the market due to Bear Pressure. I am very hopeful for the year 2023 let's see which big developments are going to happen in the year 2023. Currently, the market is stuck between the hands of the Bears and the Bulls. February is going to play an important role in the whole domain.

It will continue to gain more interest,even in the cryptocurrency world, Bitcoin is a significant project. It is a leading coin that has helped spread awareness of cryptocurrencies throughout all of Europe. The acceptance is growing every day, and those that trade and understand how the entire crypto market works can benefit from it. Every single day, it grows stronger as more people recognize its significance and benefits, sparking their curiosity and inspiring them to tell their friends, family members, and coworkers about the project's successful outcomes.

Above all, it have proved that it can reach high in value against the inflation. It took long for people to believe it and the same will have impact over the market. In such a way it have crossed lots of deaths which is true. No authority having control over the market makes things welcoming, because only the users mistake will cause them loss.