"Crypto is no longer in the early adoption stage" - page 3.

dimox

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Quote from: isaac_clarke22 on August 18, 2021, 01:40:45 PM

Quote from: Boov on August 16, 2021, 07:20:43 PM

Quote from: nightxglow on August 16, 2021, 09:44:13 AM

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snip

Actually they do understand, and it just happened to be that it goes against them. Imagine that you're governing a lot of people and your people would use something that is under your radar/observation. Pretty much you would think that they are doing something against you.

The part that they don't understand is that people need the privacy in their own money, not to be regulated by someone that is at risk of being taken away from them.

agree, leader will stroke people who follow their rule. when people dont follow it, they have some option like ban what people hold.
but its hard to give privacy up to people, because control is the best part of leadership, to give higher convenience to do what they want

Kasabus

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Quote from: Gyfts on August 18, 2021, 03:10:43 PM

It's still in the early adoption stage because people treat it as a digital commodity, not a currency. And you go to any major 1st world country, most people will have heard of Bitcoin, but don't know how it operates nor use it. The few that do use it probably have some stored away as an investment, which isn't really the main function of Bitcoin.

This statement was given by someone that associates price with adoption.

For me, since bitcoin is already known worldwide so they are already aware on it, so we are done already with the first stage. Next is application. I think this time people should still be more educated about bitcoin and cryptocurrency so they can use it based on their function and not just merely as an investment.

But knowing the fact that the government is not even supporting it, i think it will take time before bitcoin becomes a reserved currency. Although there are already some countries who are making it as currency and becomes even a legal tender.

arwin100

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Quote from: Silberman on August 18, 2021, 05:11:40 PM

Quote from: cabron on August 16, 2021, 02:24:10 AM

So many had disagreed though. Since Mike Saylor said BTC still is very cheap as of today and we are still in the early stage, I think the adoption is just starting. Only a few countries still are using Bitcoin and US law about taxing crypto is still debated.

The price is predicted to go up to $100K this year, I'm sure it's going to be surprising for the countries that had a chance to adopt BTC today but did not.

That is what is incredible bitcoin, it is obvious that the current price is very expensive for the majority of people and they cannot really afford to buy a full bitcoin and I understand why people are so worried about it and they prefer to not buy bitcoin at the moment, however if we really take a look at what's happening with bitcoin and its long term potential then there is no doubt that Saylor is right and that compared to the potential price bitcoin can reach just at the end of the year bitcoin is still relatively cheap and we must take advantage of that while we can.

Many told bitcoin is not on early adoption as they cannot to buy a whole since the price is undeniable expensive to the low income earners or middle class people but actually we can save some volume until we can reach our target to get a whole 1 bitcoin if we want its just we need a guts to do this and proper discipline to save some amount that's why there's no really excuse upon those figures and telling that we are not on early adoption since as we can see only few countries are yet accepting bitcoin on their financial system so if many will accept it for sure the value will soar up since the demand will became more higher.

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Quote from: cabron on August 16, 2021, 02:24:10 AM

So many had disagreed though. Since Mike Saylor said BTC still is very cheap as of today and we are still in the early stage, I think the adoption is just starting. Only a few countries still are using Bitcoin and US law about taxing crypto is still debated.

The price is predicted to go up to $100K this year, I'm sure it's going to be surprising for the countries that had a chance to adopt BTC today but did not.

That is what is incredible bitcoin, it is obvious that the current price is very expensive for the majority of people and they cannot really afford to buy a full bitcoin and I understand why people are so worried about it and they prefer to not buy bitcoin at the moment, however if we really take a look at what's happening with bitcoin and its long term potential then there is no doubt that Saylor is right and that compared to the potential price bitcoin can reach just at the end of the year bitcoin is still relatively cheap and we must take advantage of that while we can.

Gyfts

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It's still in the early adoption stage because people treat it as a digital commodity, not a currency. And you go to any major 1st world country, most people will have heard of Bitcoin, but don't know how it operates nor use it. The few that do use it probably have some stored away as an investment, which isn't really the main function of Bitcoin.

This statement was given by someone that associates price with adoption.

Shenzou

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I certainly agree, i feel like back in 2017 when we had bitcoin all over the news after it reached 20k and with the surge of the numbers in developed cryptocurrency it is safe to say that it reached the point where it is no longer considered in it early lifespan, and most certainly with we are seeing now with countries adopting it as a currency and big companies like tesla and potentially amazon starting to invest in it , it is safe to say that from here we are going to see bitcoin and crypto rise even more.

swiftbits

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I guess they are talking about the early adoption of primary coins such as Bitcoin and Ethereum, which actually started it.
I see new projects that actually gave noise; the general online community actually prefers money-making rather than investing/releasing money, so they get to learn crypto through other projects. With that attitude, I can still say we are still on early adoption, as people haven't learned the store value of crypto and what it can facilitate in the coming years.

isaac_clarke22

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Quote from: Boov on August 16, 2021, 07:20:43 PM

Quote from: nightxglow on August 16, 2021, 09:44:13 AM

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These countries who ban bitcoin didn't understand the whole capabilities of it. Most probably their intentions was not good and commendable for their allies, considering the fact that bitcoin was a decentralized asset. Fiat economy is really different with unregulated currency and example of that bitcoin and all crypto coins that's separated from Government control.

Actually they do understand, and it just happened to be that it goes against them. Imagine that you're governing a lot of people and your people would use something that is under your radar/observation. Pretty much you would think that they are doing something against you.

The part that they don't understand is that people need the privacy in their own money, not to be regulated by someone that is at risk of being taken away from them.

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Quote from: wahyu wida on August 18, 2021, 09:27:15 AM

many people start investing in crypto because they know the benefits, where if it is only stored in a bank of course the money will not grow, even its value tends to decrease due to inflation. By studying crypto as an investment tool and hearing stories of people who can make a lot of money in a short time, it makes people interested in getting into it

Most people buying crypto just for investment and don't know what is the technology behind, if there are many adoption of cryptocurrency in the future maybe there will be a worldwide currency stable coin in this world to make global transaction easier without so much tax and fast transaction speed.

Some people have to understand that cryptocurrency is not just an investment or assets just like gold, but cryptocurrency is a whole technology who built to make transactions decentralized and faster

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The early stage of cryto is when a new blockchain is born. at that time the developers were busy introducing their technology to the world. it may have happened in 2014-2019, because at that time the ETH, BSC, Solana, Polkadot, Polygon etc blockchains had not yet seen the adoption (except ETH). and after 2019-present, a blockchain is really being used to its full potential with so many projects being built on top of it. a very interesting stage because with the adoption of blockchain technology, we increasingly know that blockchain is truly the technology of the future.

wahyu wida

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After more than 10 years with crypto currencies it makes sense that we are not anymore in the early stages. The best example for it is probably that everybody has heard of crypto currencies or bitcoins. You can go and ask a random person on the street and he will have heard about it before. Crypto currencies became main stream, at least since the pandemic. The corona crisis played a big role in the popularity of cryptos. First of all, we all had to stay home during lockdown and had more time on our hands. Secondly, the traditional banking system is dying. With the low interest rates we can't get any interest from our savings account, that is why so many people switched into cryptos.

many people start investing in crypto because they know the benefits, where if it is only stored in a bank of course the money will not grow, even its value tends to decrease due to inflation. By studying crypto as an investment tool and hearing stories of people who can make a lot of money in a short time, it makes people interested in getting into it

AicecreaME

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Quote from: Leviathan.007 on August 12, 2021, 04:06:23 PM

The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.

Source: https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-says

Sure, bitcoin is slowly going mainstream media and it is being known and introduced to more people compared before. However, being widely known doesn't necessarily equate to be farther from early adoption stage. Despite the statistics, the active users of bitcoin is far less than the count of people who have an account. Hence, the double digit percentage mentioned by cointelegraph is still blurry. Active users are needed in order to say that we have progressed from early adoption stage. Bigger percentage of accounts with transactions each day at least are important to conclude such thing.

The mass adoption of some countries and companies are significant steps to move forward from the next stage. So are the active users that have transactions and holdings in their wallets/portfolios.

SquallLeonhart

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Quote from: Leviathan.007 on August 12, 2021, 04:06:23 PM

“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.

It is understandable for some people to feel late, that is understandable because we are no longer in the small price zone, we have cracked 60k at some point, that is not a normal price and what can it ever be? Like we moved from few dollars to here, obviously nobody will ever make that kind of money ever again, that profit is out, and will never happen again.

However that doesn't mean that you can still beat the market, I mean the inflation is right there and if you could make 20% in dollars then you are going to be doing great compared to rest of the world, keep doing that for 20-30 years and you are going to retire as a very rich person as well. This is why bitcoin and many other coins are still loved, if people can't make that 100000x or whatever again, why are they here? They are here because this is still the best investment you could make.

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Quote from: Pejoh Asu on August 17, 2021, 11:04:13 AM

Quote from: AniviaBtc on August 17, 2021, 01:04:40 AM

Yes, I agree that bitcoin is no longer in an adoption stage and as you can see, people are now having an idea about its existence in the market and even big companies and big investors are already engaging to it.

It is really a positive impact in bitcoin when it is spreading all over the world and many people are investing on mining it.

Hoping that bitcoin will continue to become popular and reach the mainstream investment and payment tool.

I think as long as the global bitcoin community continues to be active, bitcoin can continue to shine, now bitcoin is the best investment choice because it has proven its performance for more than 10 years, I'm sure big companies that continue to develop bitcoin will produce useful products to facilitate global transactions.

It is the best investment because of its price, but can you imagine the price of bitcoin three years ago that is really cheap and only a few people are just thinking about it as an investment because it is really used for online payment because it is fast, trackable, and has lower fees? Fast forward to the present, the price is high and it is well established, and other stores and large corporations are accepting it as payment because it is becoming popular, which is also proven and tested.

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Quote from: Semar Mesem on August 17, 2021, 06:38:18 AM

Our hope is that bitcoin becomes a global currency that is recognized and accepted throughout the world, the number of companies that continue to develop bitcoin is certainly a good start that the future will continue to shine, this will make us get big profits.

You want the world to accept bitcoin and make it a global currency, but here you are talking about making "big profits" with bitcoin. This means you are not prepared to use it as a regular currency, but as an investment because you consider bitcoin as a store of value. If everyone starts thinking like you, there is no way bitcoin is going to become a global currency. You should first start using bitcoin as a regular currency instead of using it as a medium of getting rich and then expect the world to do the same.

Pejoh Asu

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Quote from: AniviaBtc on August 17, 2021, 01:04:40 AM

Yes, I agree that bitcoin is no longer in an adoption stage and as you can see, people are now having an idea about its existence in the market and even big companies and big investors are already engaging to it.

It is really a positive impact in bitcoin when it is spreading all over the world and many people are investing on mining it.

Hoping that bitcoin will continue to become popular and reach the mainstream investment and payment tool.

I think as long as the global bitcoin community continues to be active, bitcoin can continue to shine, now bitcoin is the best investment choice because it has proven its performance for more than 10 years, I'm sure big companies that continue to develop bitcoin will produce useful products to facilitate global transactions.

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Quote from: Leviathan.007 on August 12, 2021, 04:06:23 PM

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Am I the only one who feels happy when I read the phrase "Crypto has now gone mainstream". Cheesy

One of the best decisions that I've made in my life was involving myself into crypto. Learning at least the basics of it and then trusted it. Invested a considerable amount, held it and now I'm happy that I got the profits that I want and it took me years before I got it

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Crypto isn't in its adoption stage anymore and many will agree into it. Many people are searching it online, many people are curious about it, many people who are using the internet are now searching for ways to get started into crypto. The only problem though is that, those people who neither don't have any smartphones or don't have any access to the internet don't know about crypto but overall I'm just happy with what is happening right now with the crypto space.

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Quote from: jaberwock on August 17, 2021, 06:16:09 AM

Quote from: jossiel on August 16, 2021, 07:07:14 PM

If the market can maintain that and hopefully there will be no whales taking huge profits, we'll have those days of being satisfied with the prices even if it moves slower this time.

You know these whales are not going to be holding their coins forever? It will still get to a point where they will be selling their coins. But what you have to understand is that as time goes on there are going to be lots of people who wants to buy bitcoin and invest in other cryptocurrencies as well, so this is not going to be an issue.

In recent years we have been seeing institutions investing in Bitcoin and it’s not going to end, and even those that sell their assets will at some point come back to invest again. So if they sell, there will be people to buy it and the market will continue to grow. The buying and selling is needed to keep the market moving, there will always be up and down.

Yes, I know.

What I mean is that for the meanwhile, they give space to the market to breath and grow a bit before they take their shares. Well, I think they will just play their game and usually go back to the market which will make it healthier then.

As institutions get in, there will be more to come from that side.

Semar Mesem

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Quote from: AniviaBtc on August 17, 2021, 01:04:40 AM

Yes, I agree that bitcoin is no longer in an adoption stage and as you can see, people are now having an idea about its existence in the market and even big companies and big investors are already engaging to it.

It is really a positive impact in bitcoin when it is spreading all over the world and many people are investing on mining it.

Hoping that bitcoin will continue to become popular and reach the mainstream investment and payment tool.

Our hope is that bitcoin becomes a global currency that is recognized and accepted throughout the world, the number of companies that continue to develop bitcoin is certainly a good start that the future will continue to shine, this will make us get big profits.

jaberwock

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Quote from: jossiel on August 16, 2021, 07:07:14 PM

If the market can maintain that and hopefully there will be no whales taking huge profits, we'll have those days of being satisfied with the prices even if it moves slower this time.

You know these whales are not going to be holding their coins forever? It will still get to a point where they will be selling their coins. But what you have to understand is that as time goes on there are going to be lots of people who wants to buy bitcoin and invest in other cryptocurrencies as well, so this is not going to be an issue.

In recent years we have been seeing institutions investing in Bitcoin and it’s not going to end, and even those that sell their assets will at some point come back to invest again. So if they sell, there will be people to buy it and the market will continue to grow. The buying and selling is needed to keep the market moving, there will always be up and down.

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