How adoption will happen - page 2. | Bitcointalksearch.org

Finestream

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Quote from: Sanitough on April 25, 2019, 08:39:31 AM

Quote from: PlusOne88 on April 25, 2019, 08:33:12 AM

Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.

It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto.
With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users.

I agree.If we continue to make good promotion for bitcoin them we might come up with mass adoption in the future.Mass adoption should be more realistic if we can see larger countries first legalized the usage of bitcoin so that small countries or the poor countries will likely to imitate what had larger countries had developed.

Kiweikoo

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Nobody knows anything about it, and you still know that there are lots of countries that have banned it. And when government notices that a lot of people are opting for crypto instead, they might decide to block their citizens from making use of it. Bank is part of government and they wouldn't like to see cryptocurrency take more of the population than the banks. This is just I what I think. But let's just see how it's going to work out though.

Sanitough

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Quote from: PlusOne88 on April 25, 2019, 08:33:12 AM

Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.

It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto.
With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users.

PlusOne88

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Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.

Kwansimaa

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If you mean to say when the adoption of cryptocurrency would be then i guess it would start in the advanced countries like China, USA, Japan etc. These countries have the best of system in place to enable the use of cryptocurrencies as a currency for buying goods and paying for services.

GregH37

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Quote from: swordling143 on April 24, 2019, 10:17:32 AM

Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.

The moment government adopt the blockchain technology, I am sure they will start thinking of how to regulate it, I know that many of us believe that cryptocurrency cannot be regulated, they might not be able to regulate it directly but a system will still be created that will make it a partial centralized system.

With time, adoption rate will gradually grow to its peak, just that it will take time and not be as fast as government influence on it, but I know that sooner or later, they will also buy into the idea and see the reason to rely on cryptocurrency just like I heard that some countries are already doing so, top countries like USA who would always want to stay on top as the Giant of the world will not watch smaller countries take advantage of the TC before them.

ausbit

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Quote from: Ranly123 on April 23, 2019, 04:58:29 AM

Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Adoption will start from individuals who truely believes in cryptocurrency. Each one of us who's believe in what cryptocurrency can bring to the table adopts in it's technology and it's a no question on how it will happen because it already happened in each and every one of us.

It doesn’t end with us, there are still so many people that are yet in the loop, in fact, we still have at least 75% of the world’s population that are literate, yet to get the awareness of bitcoin, and not to talk about adopting it. So, we should not think that because we know it, assumes other do too.

If we really want the adoption to be wide, we need to do more than what we are doing now, we need to use every means and tools we all have as a believer to create the awareness, so that the adoption can spread even without the intervention or enforcement by the government who believes in crypto currency. Through us, the government will be forced to adopt it too.

nur rochid

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Quote from: swordling143 on April 24, 2019, 10:17:32 AM

Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.

for mass adoption does require support from the government. because not a few investors are questioning legality. of course, because we live under a law made by the government, with this legalization, large investors are more comfortable investing and using it

swordling143

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Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.

Kimonoe

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Quote from: coin-investor on April 24, 2019, 09:40:31 AM

Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

My pick is it is going to start in the USA with their SEC and ETF and everything, we all know that the US is a superpower anything they do will have an impact in the economy of other countries if they begin adoption of Cryptocurrency, other will just point, if this is legal in the US why not here, and so adoption begins in the US.

The US has influence on other countries in the world. with the start of the US adopting bitcoin, it will certainly accelerate mass adoption. and of course here the role of government from each country is very influential

coin-investor

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

My pick is it is going to start in the USA with their SEC and ETF and everything, we all know that the US is a superpower anything they do will have an impact in the economy of other countries if they begin adoption of Cryptocurrency, other will just point, if this is legal in the US why not here, and so adoption begins in the US.

kumala_abi

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Quote from: strunberg on April 24, 2019, 06:15:23 AM

Quote from: n0ne on April 24, 2019, 05:11:15 AM

Till date majority of people have begun to use bitcoin through the word of mouth spreading. This when gets an further spreading automatically as a chained process it keeps growing further. Mass adoption happens when country's accept bitcoin usage with legal support similar to the one that happened with Japan. As more Marketplaces have begun to accept bitcoin same as fiat can expect good level of adoption to continue.

more merchants or marketplace start acceptiong bitcoin as payment gateway and government legalize it adoption will started.at this time now its already started, some countries review about advantages and disadvantages if they legalize it.

it will happen in near future.we have to optimistic this thing could happen to bitcoin or other cryptocurrency.blockchain was technology that will bring massive changes and we need it.

strunberg

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Quote from: n0ne on April 24, 2019, 05:11:15 AM

Till date majority of people have begun to use bitcoin through the word of mouth spreading. This when gets an further spreading automatically as a chained process it keeps growing further. Mass adoption happens when country's accept bitcoin usage with legal support similar to the one that happened with Japan. As more Marketplaces have begun to accept bitcoin same as fiat can expect good level of adoption to continue.

more merchants or marketplace start acceptiong bitcoin as payment gateway and government legalize it adoption will started.at this time now its already started, some countries review about advantages and disadvantages if they legalize it.

n0ne

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Till date majority of people have begun to use bitcoin through the word of mouth spreading. This when gets an further spreading automatically as a chained process it keeps growing further. Mass adoption happens when country's accept bitcoin usage with legal support similar to the one that happened with Japan. As more Marketplaces have begun to accept bitcoin same as fiat can expect good level of adoption to continue.

wuvdoll

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I think people who wait for gradual adoption is going to wait for a lot, we have to really make it happen very quickly with a method that is so quick it should be instant. For example like a paper money type of bitcoin where the money is literally in it and you can do like a QR code reading or something. Or a mobile app that will help everyone move money around so commonly and connected to all banks in the world via something.

I don't know which coin or which app would do it but when that happens we will get away with soooo much adoption. It is really not that common that people can wait for years and years to get the adoption rate high, eventually they are going to get bored with it, so we need to get it really fast.

Barbut

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Numbers now are higher than they were when I started, there were some discussions about it, as I remember in 2015 something between 1% and 3% were involved in cryptocurrencies. After 2107 situations is different, hype from that year brought many new people in crypto. What we can expect? Numbers will continue to rise until they hit 100%, and that will happen in future, when exactly, some rough prediction would be 20+ years from now.

StarofBTC

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Quote from: btccrusher on April 22, 2019, 06:01:27 AM

It's not going to happen anytime soon, the SEC won't pass it anyway. But don't worry, adoption is almost here, I myself do almost over 50 percent of my spending in crypto each month, so I assume as soon more business will accept crypto, the adoption will happen in a maximum growth rate.

SEC already know that they have no authority over cryptocurrency, and whether they pass it or not, people will continue to use cryptocurrency for one or two of their transactions, just like you and myself.

I receive some payments through crypto, I send some and some of my received money are stored in my crypto wallet and not bank, although I only store my money in only Bitcoin wallet because I cannot trust any other wallet out there with my work income and very soon, once many companies adopt cryptocurrency, they might start paying their staff too in crypto, making everyone belong to this community and Sec will have no choice than to surrender.

Cherylstar86

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Quote from: Ranly123 on April 23, 2019, 04:58:29 AM

Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Adoption will start from individuals who truely believes in cryptocurrency. Each one of us who's believe in what cryptocurrency can bring to the table adopts in it's technology and it's a no question on how it will happen because it already happened in each and every one of us.

The acknowledgement of taking crypto to be widely open around the world is difficult to visionize, due of some countries does not shown interest to learn its fundamentals. But some country widely adopt crypto as it had been developed promising and interesting on which pleading a viable conclusion fund. Maybe it takes more time before it will launch widely open nationwide and take it illicitly without doubt of the governments.

Ranly123

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Adoption will start from individuals who truely believes in cryptocurrency. Each one of us who's believe in what cryptocurrency can bring to the table adopts in it's technology and it's a no question on how it will happen because it already happened in each and every one of us.

Naida_BR

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Quote from: Ezenwanyi on April 23, 2019, 03:24:10 AM

I believe that adoption of the blockchain technology would start from sec and then the public.
The way things are going in cryptosphere with regards to the sec, I think the sec has overwhelming influence over blockchain.

No SEC is going to bring the mass adoption of the blockchain technology.
It is going to start if companies and large organizations will start using this advancement and the benefits of it will start being shown in the real economy. Then, lobbies are going to push for mass adoption and bring the new trend of cryptocurrencies and blockchain into effect.

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