"Crypto is no longer in the early adoption stage" - page 6.

bittraffic

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Quote from: haidil on August 14, 2021, 10:49:36 AM

Quote from: istiak2277 on August 14, 2021, 07:35:04 AM

Quote from: Leviathan.007 on August 12, 2021, 03:06:23 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

I think crypto is still in its early stage but in a more mature form. There was a time when most people don't understand the use case of this technology. But now things have changed but this technology has a lot of ground for development. Crypto will be mainstream when people will use crypto in their daily life like they are using fiat right now. Value doesn't comes first use case does.

More precisely, already in a fairly rapid development stage, we are no longer worried about how the market is about altcoins. All based on technology that continues to run, it is possible that we will soon continue to slide in the future altcoins have more fantastic prices. It all depends on the project managed by professionals.

Hard to see altcoins adopted because a city like Miami even created its own coin. It's an example of the adoption of an altcoin but not really the existing one.

Bitcoin will be more adopted than an altcoin because it's more popular and it's a store of value as a use case. Other altcoins has its own use case for their own community. Today we still consider altcoins as shitcoins.

haidil

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Quote from: istiak2277 on August 14, 2021, 07:35:04 AM

Quote from: Leviathan.007 on August 12, 2021, 03:06:23 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

I think crypto is still in its early stage but in a more mature form. There was a time when most people don't understand the use case of this technology. But now things have changed but this technology has a lot of ground for development. Crypto will be mainstream when people will use crypto in their daily life like they are using fiat right now. Value doesn't comes first use case does.

More precisely, already in a fairly rapid development stage, we are no longer worried about how the market is about altcoins. All based on technology that continues to run, it is possible that we will soon continue to slide in the future altcoins have more fantastic prices. It all depends on the project managed by professionals.

worle1bm

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There are still lot of pending users that are aware about bitcoin and other cryptocurrencies but are not making use of them in any way like making payments with LN or storing them as an assest so we can say the adoption phase has begun and cross some level but for becoming mainstream it needs to be used as fiat payment and for that countries regulations needs to be done instead of putting a ban on them.The government like El Salvador have made great decision inspite of World bank criticism as they would oppose it certainly but soon they will also change their mind.The world is going to witness new adoption phase soon and you will see many more such statements.

Bitstar_coin

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Crypto has achieved a lot within a short period of time there is no denying that fact but compare to other sectors or business I would say Crypto still in it's early stage irrespective of it's market capitalization, even now that the price of btc has appreciate so much still not many people are into crypto, maybe the percentage of those who are involve in crypto is very little compare to those who have no knowledge or not involve in it, which means there is enough time to grow, those who join now will consider themselves as early adopters.

Kittygalore

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Quote from: semobo on August 14, 2021, 06:26:36 AM

Bitcoin reached 1 Trillion market cap earlier this year which is enough to show that how big the market is and now again the market is soaring up with sudden and unexpected recovery after the amazon acceptance rumour, hopefully the price will reach its next resistance phase from $30K to atleast 40K this time.

It doesn't prove anything, yes it reached the trillion marketcap but it can still go down significantly too. Remember that bitcoin is a volatile asset so a trillion marketcap isn't anything to be celebrated too much unless it's a milestone and it can stay there for a really long time. I think crypto is still at an early adoption stage in terms of people that haven't known of it yet, it's a matter of perspective.

istiak2277

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Quote from: Leviathan.007 on August 12, 2021, 03:06:23 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

I think crypto is still in its early stage but in a more mature form. There was a time when most people don't understand the use case of this technology. But now things have changed but this technology has a lot of ground for development. Crypto will be mainstream when people will use crypto in their daily life like they are using fiat right now. Value doesn't comes first use case does.

imstillthebest

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obviously it wasnt because of the dates that we are in now add in the price that its getting higher but this post shall convinced people that btc isnt in its infancy stage anymore because theres still lots of them that think btc was still in that phase .
i dont know if what is their basis on why they can say that .

Quote

Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.

i think it was normal for a company to invest and microstrategy started investing last year according to what i researched .
its the common people that are now investing in btc

dothebeats

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Adoption is there, but certainly not enough to state that we've already passed early adoption stage. There are still a lot of ground that needs to be covered and bases that need touching before we say we've moved on. A lot of people still don't have access to bitcoin, and only a handful of businesses are ever willing to accept bitcoin in their shops. Yes, bitcoin may have 'matured' in the market but not in the adoption aspect.

It would take a lot more years for us to reach that stage, although I can see that people, companies, and governments are already starting to recognize bitcoin in a positive manner.

semobo

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Bitcoin reached 1 Trillion market cap earlier this year which is enough to show that how big the market is and now again the market is soaring up with sudden and unexpected recovery after the amazon acceptance rumour, hopefully the price will reach its next resistance phase from $30K to atleast 40K this time.

jossiel

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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.

just_Alice

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Not really if you run the numbers. Not only we’re not past early adoption, but many countries haven’t even reached that. And cryptocurrencies are meant for everyone, only when it’s available for EVERY person in the world we can talk about adoption, but, as mentioned accurately by @Myleschetty the technology isn’t well thought through for the elderly, blind.

And what of the whole countries imposing bans on crypto? China is a big deal, it has a great influence on the world economy and, not to mention, is home to over 1.3 billion people!

Cryptocurrencies are all over the media lately, big investors are joining the game, which makes it look like cryptocurrencies are everywhere. Unfortunately, we’re not there yet.

Sanugarid

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Technically yes, but for some people who didn't know about it in the first place, it's an early adoption for them so basically it's a matter of perspective as to what's our meaning of early adoption is done, there are countries out there that don't know a thing or two about this market so I guess it's still an early adoption for them.

el kaka22

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I sort of respectfully disagree with some parts of this. I do think that we are not in the "early" adoption stage, but we are still in the early stages of crypto as a whole. We are only at under 50k for bitcoin, and that is just bitcoin, we are going to definitely see 500k+ for bitcoin, probably by that time 50k+ for ethereum, and maybe 10k+ for bnb as well. These all depends on rankings and if they stay like this of course, but that is what I believe will happen.

It means that we are more than 10x increase away from the "expected" amount for now, by the time that happens I am sure with inflation and all, we will be expecting even more from crypto too. All in all I believe fiat world is something that goes down all the time, and crypto is something that goes up all the time, which means even at the fully expected prices, it will still keep going up because of it.

stompix

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Quote from: Snappycoco on August 13, 2021, 09:58:23 AM

USA is in fact almost at the bottom and Nigeria is the king in terms using and having even 1 crypto so I believe we are still early in this space.

Loool, the joke of the year... Usage? Where in Nigeria is this usage we're talking about that puts USA to shame??

Maybe in the LN network?

Quote

United States
Capacity 1,024.480212410 BTC (45.012%) $47,444,754.34 Node Count 1,273 (8.99%) Channel Count 18,315 (28.35%)
Nigeria
Capacity 0.003562530 BTC (0.000%) $164.98 Node Count 3 (0.02%) Channel Count 3 (0.00%)

It must bein the companies investing in Bitcoin then, too bad I haven't heard from on Nigeria company doing so, numbers of ATMs, a number of nodes, hashrate, where is the usage you're talking about?
One example of how Nigeria mops the flor with the USA on usage? One!

mu_enrico

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Yep, more and more people try, and own cryptocurrencies. However, I agree with stompix that we are not yet mainstream. While many teenagers use cryptocurrency, older people still haven't found any reason to use it. This is only a matter of time IMO because the younger generation will replace the older generation.

How about people in the 3rd world countries? Well, that could take even longer. Adoption usually from 1st world first, not the other way around. If you guys talk about internet in the 90s, in my place, we had some meaningful internet activities in the 2002 IIRC (mainly for porn lul), and I lived in a city.

Obito

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Quote from: crzy on August 12, 2021, 06:55:51 PM

Early adoption in some country but to those who are in the market since 2017 or even before that, it can be consider as not new adoption anymore. There’s a lot of new investors in this market even today, its hard to say what’s the stage of adoption already in the whole market but one thing is for sure, we are growing.

That could be a factor but if we are talking about it time wise, I think that it's not early adoption stage anymore. If we are talking about people discovering bitcoin, I think that too can be considered an early adoption stages. Yes, the community is definitely growing, thanks to the discovery of more people and those people introducing crypto to other people.

Snappycoco

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Quote from: Leviathan.007 on August 12, 2021, 03:06:23 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

I somehow disagree. With the current banning of cryptocurrency in other countries, we are still not even in the middle of its peak. Data's also shows that developing countries use cryptocurrency more than those with developed countries. USA is in fact almost at the bottom and Nigeria is the king in terms using and having even 1 crypto so I believe we are still early in this space.

Distinctin

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Quote from: crzy on August 12, 2021, 06:55:51 PM

Early adoption in some country but to those who are in the market since 2017 or even before that, it can be consider as not new adoption anymore. There’s a lot of new investors in this market even today, its hard to say what’s the stage of adoption already in the whole market but one thing is for sure, we are growing.

Exactly. We have passed already the infancy stage so we're heading into another stage which will best describe with the present status of crypto right now. And whatever it is, it does not matter as long as we know the fact that crypto community is consistently growing and the developments have become inevitable.

For anti-crypto or even for those who really don't know about crypto, we are still starting but for crypto enthusiasts, we are already close to crypto adoption. Crypto has become maintream already and maybe few years from now, crypto will be integrated in most of the banking transactions or in any field of finance.

ajochems

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Quote from: Leviathan.007 on August 12, 2021, 03:06:23 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

Some people had forgotten and searching for the bitcoin below 10k dollars. With my experience, it's hardly impossible to the price of bitcoin into 10k dollars. In a sake of luck, you had seen a market at 10k. Kindly buy 5 bitcoin, even by selling your house. In a couple of months, you will buy 5 house in a row.

crzy

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Early adoption in some country but to those who are in the market since 2017 or even before that, it can be consider as not new adoption anymore. There’s a lot of new investors in this market even today, its hard to say what’s the stage of adoption already in the whole market but one thing is for sure, we are growing.

Topic: "Crypto is no longer in the early adoption stage" - page 6. (Read 938 times)