It has not become mainstream yet, the popularity is temporary as you can see, it was just about hype due to increase in prices but popularity is constantly increasing.
I do not think it has become mainstream so quickly yet. It has been more than a decade since people have started dealing in crypto. Besides, crypto currencies particularly Bitcoin was not welcomed in the start and was criticized. Despite all this, it expanded and provided its services. It is still banned by many countries across Middle East and Asia and has not the mainstream yet. We still need to wait some more time. 
Topic: Did crypto become mainstream too early? - page 2. (Read 593 times)
This is a bit premature. But do you know the origin of encryption technology? In 2008, the origin of the United States was a minor crisis, so I think it is now 10 years. This is not too early. Ten years later, cryptocurrencies will dominate the world.
Crypto has not yet become the mainstream in my opinion. There are still a lot of countries that have banned the technology and despite the benefits she offer, consider the crypto trading illegal. They have their own motives behind this policy. Irrespective of that, what I believe is that in the next decade, many of the countries would have accepted crypto as a medium of exchange for instant transaction and that will be the time when the technology will accepted world wide. You might be able to use your Bitcoin every where across the glob. 
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
This is a bit premature. But do you know the origin of encryption technology? In 2008, the origin of the United States was a minor crisis, so I think it is now 10 years. This is not too early. Ten years later, cryptocurrencies will dominate the world.
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
I think the Crypto market needs a big adjustment. It should be protected and the law should be involved in transactions and investments.
Crypto is not yet popular to people and maybe in a couple of years it will trend.
That's why it good to invest while their price is low.
That's why it good to invest while their price is low.
This is totally coming out from a very ignorant person . Blockchain is not too "early" . It is in the world since 1980s and has taken so much time already to mature and reach to the people . Does it need more time ? I really don't think so . Moreover , technology matures with time and it is the fact for all other technologies which are even the biggest and oldest in the market .
Although this idea has long time existed but the realization is in a few years ago right? and the evidence is still a lot of people who are not familiar with blockchain technology? I don't think crypto will become popular and mainstream anytime soon. spreading will not be as easy as people think. many obstacles such as regulation and so forth. crypto will not be mainstrema earlier 
Just a note. Yes, it has "become mainstream" in the sense that everybody knows what is crypto now (or thinks they know). But it is not yet approached mainstream USE and we are still considered early adopters if we start USING it now. Remember a lot of people think they hold crypto but it is not the same as using it until you either start paying and getting paid in crypto, or start using it for your daily life activities.
At the current state, cryptocurrency is used solely for making profit and is treated as asset. When all the hype lowers and the market balances, we will be able to use it for its original purposes. It didn't go mainstream too early but the sooner people stop using it for making profit the better for the whole world and our future.
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
Where do you see the "normies"?My experience is that many people have heard of BTC and crypto (due to the news coverage in the last bubble), but only a very small minority uses it or roughly knows how it works. What crypto needs is easy-to-use apps and clients that even the dumbest user can use. (something like a crypto whatsapp that can be used to pay simply). Until then a majority won't be reached I'm afraid.
In my opinion crypto is currently at the same point of it's time line as the internett in the mid 90s. In other words, the general public are aware of it, fearful of it, curious and waiting for someone else to do it and tell them how it is before they do anything.
I would say around 5 years of development of the industry before mass adoption happens as a lot of things need to happen in the industry before that will happen.
User Friendly
Lower Risk Platforms
Unfortunately some form of regulations to make people feel a level of secruity
And lots more
Yes and it's very bad. i think crypto become mainstream to early and (maybe) will die too early . i hope it won't be like this but we lost trend (((
The possibility is so because I know if crypto too quickly popular then the risk is also there and so I am sure will be mainstream let alone many people who use crypto as a transaction every day because we also many much time for now
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
This is a very wrong thought and assumption, we are not yet mainstream if that is what you think, the mainstream you are talking about are those paid for content on forbes and bloomberg promoting their ICO, the adoption is there, I read a tweeter post today saying that 2% of those selling their cars now have Crypto as payment option
Yes it is. Cryptocurrencies become to early because many people do adopt and legalize it even in a shorter period of time.
I can say mainstream because almost all people around the world did already recognized and know how to use crypto , there were now also business and companies that warmly partners with it .
Although cryptos arent primarily being use in offline transactions because they are still lack of features like they cant work fully independent without the help of internet connectivity.
I can say mainstream because almost all people around the world did already recognized and know how to use crypto , there were now also business and companies that warmly partners with it .
Although cryptos arent primarily being use in offline transactions because they are still lack of features like they cant work fully independent without the help of internet connectivity.
The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case.
It's not the case for you but the fact that it can be use for daily transactions and it's real happening in the real world.Bitcoin is not being used for everyday transactions (once a month from exchange to wallet is not everyday transaction. Only in few countries it is possible to go shoping only with bitcoin wallet, bet even there only minority use it). We have 200k transactions daily on bitcoin. Visa have 150 mil. With that amount transaction fees will be anormous.
https://bitinfocharts.com/comparison/bitcoin-transactions.html
Check that chart on how many tx are there everyday and lets assume that most of it from exchange to wallet but you can't deny the fact that there are some use of it for daily living.
Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?
I don't think crypro became popular too fast and I don't think crypto reached mainstream yet.
That out, I think what happened is too many people speculated and pumped money on crypto to make instant money and when the price started to correct, they did a massive cash out (bailed out) causing the crash.
What we need are investors who actually believe in it and not just for a quick cash. People who actually learn/know/understand the potential of crypto technology. I mean we all want quick cash but most members here (I hope) are more for the long haul, come good or bad times.
The future is here, and I am glad I caught it in its infancy.
Though it seen that you have said the right but we need this popularity and mainstream for public adoptions and used. Some enthusiasts has taken it on themselves to enlighten the populace about bitcoin and others cryptocurrencies and without this popularity it might become very difficult to explain to the society the benefits of using cryptocurrencies for day today activities.
Crypto have not become mainstream yet, because it is nowhere near the popularity of bitcoin. So crypto is just catching up
Too early? it doesn't even touch the main deal for the popularity yet, media and some people are spreading negativity about it tainting it with its issues and past concerns that's what they want to drive the price down and sell their own stuff or they want to buy more bitcoins cheap, scaling issues and slow transactions may be fixed in due time it's not that bad at all in the current status.
Jump to: