How adoption will happen - page 8. | Bitcointalksearch.org

Haunebu

hero member

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Quote from: Theb on April 18, 2019, 05:56:02 AM

Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line.

I disagree. Not all developing countries support Bitcoin and the cryptocurrency market. For example, countries like India and Pakistan have outright banned them while China is planning on banning mining soon.

Honestly, developing countries are just as reluctant as developed countries when it comes to supporting crypto.

Gabteb

sr. member

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It can happen from poor countries as they haven't digital economy so its impossible poor people start to buy bitcoin and adoption so it will sart from countries like USA and others and ofc regulators must accept them as a currency or anything else someday gov. will start to discuss this and there is no way.

Theb

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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.

Well it already started and in case you haven't notice adoption will be different on each country depending on how their government, central bank, and SEC views it. Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line. As for your question regarding countries being ruled by dictators I think you are referring to Venezuela and I think we already know the answer for that.

okala

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I think the adoption will start with the US and the SEC and ETF is going to help in the process of adaptation of bitcoin all over the world. US is one of the leading figure in the world economy and at that they decision and action go a long way to shaping how other countries will react to adoption of bitcoin.

Ailmand

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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.

It can happen in anyways, either government will start accepting cryptocurrency or the next bull market might attract even more investors. One this is for sure, bitcoin will reach out the mass naturally from one to another.

Naida_BR

member

Activity: 980

Merit: 62

Mass adoption can start from anywhere.
We just need to try to expand the already established community everywhere. As we getting more then more and more institutions will be pushed to adopt this innovative ecosystem.

In my opinion, if we want to expand our user bases we need more projects that can impact the real life of citizens and not just games and online casinos.

Airbuxf

member

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Merit: 32

I think these two things will happen in same time, but more important will be adoption in poor country because there are not so many cheap alternatives in online payments and it can become a basic payment there.

AppliedOptimal

copper member

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Merit: 47

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.

Topic: How adoption will happen - page 8. (Read 12717 times)