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.
Topic: "Crypto is no longer in the early adoption stage" - page 4. (Read 885 times)
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.
First of all, Bitcoin can't be "banned". Those countries which claims to do do are ignorant of this fact. Bitcoin comprises of a bunch of codes and it does not exist in the physical form. The regimes can ban the conversion of cryptocurrency to fiat, because it causes a link between a real identity and the cryptocurrency wallet. Apart from this, they can't do much and that is exactly the reasons why countries with more intelligent individuals in the government looks to legalize and regulate the cryptocurrency market rather than imposing a blanket ban.
Is that so? well i do think that we're not that early, but still it's still not considered a lot though. Like for example, for sure now bitcoin is more popular, it's more mainstream than it used to be, a lot people using it already whether as currency or as investment. However if we compared the total number of people with the number of people involved in cryptocurrency, I believed that the ratio is still so small. Even not many countries adopt it yet, although there are some that already took the first step, but there are still many that ban bitcoin, or just don't give a care about bitcoin at all. So I guess we still have such a long way to go though.
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.
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Bitcoin is in good state lately and the market itself.We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap.
People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late.
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.
Altcoins season have been there already long time ago when ETH has pumped.
Is that so? well i do think that we're not that early, but still it's still not considered a lot though. Like for example, for sure now bitcoin is more popular, it's more mainstream than it used to be, a lot people using it already whether as currency or as investment. However if we compared the total number of people with the number of people involved in cryptocurrency, I believed that the ratio is still so small. Even not many countries adopt it yet, although there are some that already took the first step, but there are still many that ban bitcoin, or just don't give a care about bitcoin at all. So I guess we still have such a long way to go though.
You can't compare Bitcoin to other assets such as gold coins, stocks and bonds. The number of people who invest in these assets are manitimes higher than that with Bitcoin. The acceptance and adoption of Bitcoin is going up with every passing year, but it will take many decades for BTC to catch up with the mainstream investment assets. But then, stocks and bonds have existed for many centuries. Gold is being used for many thousands of years. But Bitcoin was first mined in 2009 and it is just 12 years old.
Is that so? well i do think that we're not that early, but still it's still not considered a lot though. Like for example, for sure now bitcoin is more popular, it's more mainstream than it used to be, a lot people using it already whether as currency or as investment. However if we compared the total number of people with the number of people involved in cryptocurrency, I believed that the ratio is still so small. Even not many countries adopt it yet, although there are some that already took the first step, but there are still many that ban bitcoin, or just don't give a care about bitcoin at all. So I guess we still have such a long way to go though.
I cannot agree both bitcoin has entered into mainstream and main stream adoption is the indication of early adoption stage. Early adoption phase is something we cannot figure out with the help of price level nor age of bitcoin. Because, if you consider 10% of peak value and life time of bitcoins then I guess we are still into the early stage of bitcoin ecosystem.
Because in my speculation, I am expecting bitcoin to value around one billion dollars and may serve human race for another 10 to 20 centuries. So, we are not even 1% of those parameters.
Moreover, mainstream cannot indicate that we had passed early adoption phase of bitcoins. In my view, main stream adoption is needed to end the early adoption.
It is about being known or heard, when you are at an early adoption stage that means there are many people who do not know about it, but right now bitcoin is not at that stage, you may or may not have some people who do not know about it at all, but that number is very low right now, 90%+ of the world heard about it, probably closer to 95% of the people as well.Because in my speculation, I am expecting bitcoin to value around one billion dollars and may serve human race for another 10 to 20 centuries. So, we are not even 1% of those parameters.
Moreover, mainstream cannot indicate that we had passed early adoption phase of bitcoins. In my view, main stream adoption is needed to end the early adoption.
I am not saying that many people have bitcoin, I am just saying that those people are aware of it and that is the important thing, people should be just aware of the fact that crypto exists and we are already beyond that. This is why I agree that we are out of early adoption stage, we are still not at the advanced levels, we are still getting adopted everyday in many places, but it is just not early, it is probably beyond-early or something, I do not know what it could be used, it is not further ahead, it is still early but just not too early like it has been 2-3 years ago.
Ah, one man's opinion. The 12 years that bitcoin has been around might seem like a long time, especially for people in their 30s or younger, but in the grand scheme of things it really isn't. Personally, most people I know in the real world don't invest in or use bitcoin for anything at all, which leads me to believe that adoption isn't as advanced as the article would have us believe.
True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
Just like what @The Pharmacist said, crypto is definitely still in the early stage, we do have to agree with the fact that Bitcoin did hit a lot of advancements, the value has grown big, but in a span of 12 years, Bitcoin is still young and I do think it has a lot of years to go for before it really hits the advanced stage, alongside with other cryptocurrencies in the market, I wonder how much of an advancement Bitcoin will take in the future, after 10 or 15 years.
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.
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.
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Bitcoin is in good state lately and the market itself.We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap.
People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late.
I think the early adoption for Bitcoin was delayed, because it was fighting for legitimacy in most countries. It was the explorer in new territory for all other Crypto currencies. The early adoption phase for other Alt coins will be much shorter now, because most people are familiar with the concept of Crypto currencies. 
Bitcoin might be past the early adoption for the technology as a "Commodity" ....but it still has to pass the hurdle, namely government acceptance as a "Currency" ...to be 100% out of the early adoption cycle.
Bitcoin might be past the early adoption for the technology as a "Commodity" ....but it still has to pass the hurdle, namely government acceptance as a "Currency" ...to be 100% out of the early adoption cycle.
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Bitcoin is in good state lately and the market itself.We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap.
People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late.
Dont you think that we will be getting to the stage of 'mass adoption' after the 'early adoption' ?
-snip Everyone seems to have their own definition of what that actually means in practice. Speaking in terms of early majority/late majority/etc is more measurable.Sounds fair.
It doesnt mean alot coming from a third world country like El Salvador
That sounds a little dismissive. Small steps lead to bigger things. And it's generally safer to start small. Nothing like this has ever been done before, so why would you want to risk doing it on a massive scale? I genuinely prefer that it has unfolded this way.
Yeah its literally a ripple effect and we probably need like atleast 5-10 years for these to take effects though. If somehow this turned out to be a pretty good decision for El Salvador then there will be alot of countries that might follow their steps. At the same time this also means threats to some countries because those countries that started to adopt bitcoin might stop using US dollar or Euro. Pretty much like a double edge sword
In terms of 'adoption', this is probably the biggest that we've had so far though so Im not complaining at all
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
What will be the description of your second statement if bitcoin should have remain where it dump to during covid-19 and its yet to recover. It sound somehow to me how everyone praise bitcoin, probably is the nature of human when going becomes sweet, they change tune.
Bitcoin has really been a wonderful financial freedom where everyone has free will to buy any quantities they feel like holding without any restrictions. The gain has been awesome to some extent though, it would have been a disaster for people who bought at the top and sold everything at $30k
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Bitcoin is in good state lately and the market itself.We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap.
People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late.
That's right, many people use bitcoin but bitcoin is not yet legalized in many countries, and many people have no idea about bitcoin there is a lack of adequate knowledge that's why bitcoin in the early stages due to the high demand for bitcoin many countries are legalizing it. They are considering introducing cryptocurrencies, so bitcoin may come out of its early stages very soon even if there is a legal tender it will not be able to interfere in bitcoin the number of users being added to the project is increasing.
Technically it's not legalized because it has not been regulated by government, and nobody could do that due to it runs within a node. The existence of it was through Blockchain technology, and I believed demand increase once there's adoption that's rising. They enter during that stage, but suddenly experienced crashing when market saturates.
Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Ah, one man's opinion. The 12 years that bitcoin has been around might seem like a long time, especially for people in their 30s or younger, but in the grand scheme of things it really isn't. Personally, most people I know in the real world don't invest in or use bitcoin for anything at all, which leads me to believe that adoption isn't as advanced as the article would have us believe.
True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
Agreed, maybe we are close to be out of the early adoption stage but that does not mean that bitcoin is now mainstream, we are headed to the beginning stages of an early majority but it is going to take time for this to materialize, however I think we are on the right track but we need to stop with this wild optimism, it is going to take at least another decade or two before we can use our bitcoin in the stores and no one raises an eyebrow, and personally I am fine with that speed of adoption. True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
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.
We all knew that this is where it is headed to. Microstrategy has been one of the biggest names to invest in Bitcoin, and more are still coming, I know that for sure. Even around last week there was another big institution that also invested their money in bitcoin, but I can’t remember the name of that company.“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.
As the times goes on we are going to see more and more of them coming. For individuals that wants to invest, now is going to be the right time to start investing, because these institutions are buying in bulks, if you don’t buy your own now, in years to come the price of bitcoin is going to be really high.
For bitcoin, it can be a yes.
I agree to @myleschetty.
The crypto market is still quite young because of the new trends that are keep coming from it. We remember NFTs that they're there for years yet their time has come just this year.
And there are other things to come in the market as new.
NFT shouldn't be put aside with BTC, they are far different from eachother and I believe it's possible that NFT time can pass as well just as DeFI did in 2020 to me BTC will still be the last man standing I agree to @myleschetty.
The crypto market is still quite young because of the new trends that are keep coming from it. We remember NFTs that they're there for years yet their time has come just this year.
And there are other things to come in the market as new.
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