My experience is that Bitcoin is still pretty hard to buy. Coinbase treats you like it's National Security clearance, then both my bank and my Credit Card froze my account (my CC, even after approving the transaction, still did not allow a purchase to be made, but my bank eventually did) and then once you are approved, you are limited to a couple hundred dollars a week for several weeks, and the amount goes up pretty slow. Then there are fees from Coinbase and high fees to transfer to a wallet which means you are already starting in a ~10% hole. I'm not trying to FUD Bitcoin, but buying in is still pretty difficult ... an area where the community needs some serious improvement.
Topic: Buzzfeed Covering Bitcoin/Crypto? Mass adoption here we come lol (Read 133 times)
December 18, 2017, 07:53:59 PM
Did anybody see that Buzzfeed put out an article today about bitcoin???
Here's the article: https://www.buzzfeed.com/rabbiyitziweiner/yet-another-9-bitcoin-experts-share-their-predicti-37p3h?utm_term=.wmJbz4X2kG#.miJLDGPZVb
So cool to see how big this is getting!
Didn't buzzfeed already talk about Bitcoin before? How is this situation any different from the last time?Here's the article: https://www.buzzfeed.com/rabbiyitziweiner/yet-another-9-bitcoin-experts-share-their-predicti-37p3h?utm_term=.wmJbz4X2kG#.miJLDGPZVb
So cool to see how big this is getting!
December 14, 2017, 03:30:15 PM
I was talking with some students today and they all knew what bitcoin was (they are all middle schoolers).
I was curious so I asked all of my classes and I would say about 70% of them knew about it with even one kid who said he had bought some (well, with his dad, so "bought")
I would say that at least in terms of recognition, it is already mainstream.
In terms of adoption though, it still has a long ways to go.
On top of that, the sudden influx of new money can potentially be bad for btc.
As the next price crash will cause new people to panic sell and end up hurting btcs reputation.
When btc gets adopted by major global businesses like amazon, then we will finally see mainstream adoption.
But then get ready for the regulation hammer and taxes, taxes and more taxes on your investments.
I was curious so I asked all of my classes and I would say about 70% of them knew about it with even one kid who said he had bought some (well, with his dad, so "bought")
I would say that at least in terms of recognition, it is already mainstream.
In terms of adoption though, it still has a long ways to go.
On top of that, the sudden influx of new money can potentially be bad for btc.
As the next price crash will cause new people to panic sell and end up hurting btcs reputation.
When btc gets adopted by major global businesses like amazon, then we will finally see mainstream adoption.
But then get ready for the regulation hammer and taxes, taxes and more taxes on your investments.
I agree. BTC has come a long way, but imo the next wave of crypto is security tokens. Been doing research about securities and the company polymath happened to be in the article. That industry in itself is a $100 trillion industry
December 13, 2017, 04:40:33 PM
I was talking with some students today and they all knew what bitcoin was (they are all middle schoolers).
I was curious so I asked all of my classes and I would say about 70% of them knew about it with even one kid who said he had bought some (well, with his dad, so "bought")
I would say that at least in terms of recognition, it is already mainstream.
In terms of adoption though, it still has a long ways to go.
On top of that, the sudden influx of new money can potentially be bad for btc.
As the next price crash will cause new people to panic sell and end up hurting btcs reputation.
When btc gets adopted by major global businesses like amazon, then we will finally see mainstream adoption.
But then get ready for the regulation hammer and taxes, taxes and more taxes on your investments.
I was curious so I asked all of my classes and I would say about 70% of them knew about it with even one kid who said he had bought some (well, with his dad, so "bought")
I would say that at least in terms of recognition, it is already mainstream.
In terms of adoption though, it still has a long ways to go.
On top of that, the sudden influx of new money can potentially be bad for btc.
As the next price crash will cause new people to panic sell and end up hurting btcs reputation.
When btc gets adopted by major global businesses like amazon, then we will finally see mainstream adoption.
But then get ready for the regulation hammer and taxes, taxes and more taxes on your investments.
December 13, 2017, 04:07:02 PM
Did anybody see that Buzzfeed put out an article today about bitcoin???
Here's the article: https://www.buzzfeed.com/rabbiyitziweiner/yet-another-9-bitcoin-experts-share-their-predicti-37p3h?utm_term=.wmJbz4X2kG#.miJLDGPZVb
So cool to see how big this is getting!
Here's the article: https://www.buzzfeed.com/rabbiyitziweiner/yet-another-9-bitcoin-experts-share-their-predicti-37p3h?utm_term=.wmJbz4X2kG#.miJLDGPZVb
So cool to see how big this is getting!
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