How can you say everyone is holding? We have now a 24h volume of $20.687.254.431, which is 20 billion dollars being negotiate every day.
Few stores accept BTC for now, so it´s not easy to use it as payment method for now...
Topic: If everyone is hodling, how can bitcoin be used for mass adoption? - page 3. (Read 403 times)
June 03, 2019, 11:53:28 AM
June 03, 2019, 11:52:29 AM
It's already adopted by a lot of people and companies but what more do we really want? It's not profitable for smaller companies to accept bitcoin, what do they gain from it? How are they going to deal with the volatility?
The same for some fiat currencies. They gain customers that cant open a bank account or forced to use the local currency. June 03, 2019, 11:52:27 AM
Can we finally admit that bitcoin is probably never going to be used for day to day payments? Can we finally switch to the idea that bitcoin is more like gold than anything else and stop this idea of ''mass adoption''? It's already adopted by a lot of people and companies but what more do we really want? It's not profitable for smaller companies to accept bitcoin, what do they gain from it? How are they going to deal with the volatility?
All valid points, liking it to digital gold. We just want to accumulated more. but like one of the other posts above, more liquidity, price stability and maybe it will be used as daily transactions. If it does become a store of value with what can be seen as a fixed supply, then what digital currency is used to facilitate payments.
June 03, 2019, 11:46:36 AM
Can we finally admit that bitcoin is probably never going to be used for day to day payments? Can we finally switch to the idea that bitcoin is more like gold than anything else and stop this idea of ''mass adoption''? It's already adopted by a lot of people and companies but what more do we really want? It's not profitable for smaller companies to accept bitcoin, what do they gain from it? How are they going to deal with the volatility?
June 03, 2019, 11:43:18 AM
Yeah, but having 1 whole or having 0.something is not the same for those who wanna show a status symbol
Like having a gold bar or having just a plaquette in g.
Like having a gold bar or having just a plaquette in g.
Yes. Just like having 1 million dollars in your bank account or owning a Lamborghini Murcielago is a status symbol. A lot of people like it, but not everyone can afford it. That's how the world works, and there's nothing we can do about it.
June 03, 2019, 11:40:57 AM
I am asking me this Q: 
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
There will. It's just most likely going to be expensive as heck. Remember, there will always be buyers and sellers, so there will always be a chance for people to buy one full bitcoin. The question is just if they can afford it or not.
Also just to add, you. dont. need. to. buy. one. whole. bitcoin. to be able to participate and to hedge your funds.
Like having a gold bar or having just a plaquette in g.
June 03, 2019, 11:36:28 AM
No-one wants to spend it,
People are, believe it or not. It's just that not much people are. For now, bitcoin will just be used for "niche" transactions, until it gets higher liquidity hence higher price stability; then we will see it widely adopted without the usage of services like BitPay.I am asking me this Q:
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
There will. It's just most likely going to be expensive as heck. Remember, there will always be buyers and sellers, so there will always be a chance for people to buy one full bitcoin. The question is just if they can afford it or not.
Also just to add, you. dont. need. to. buy. one. whole. bitcoin. to be able to participate and to hedge your funds.
June 03, 2019, 11:33:42 AM
I am asking me this Q:
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
If everyone is holding.... and the last block is mined, supposing that on the planet earth there are more than 21mil millionaires, and each of them as a status of symbol would like to have at least 1 BTC
There will be no chance to serve them all
June 03, 2019, 11:21:13 AM
Seeming as everyone is hodling, how do we plan to bring bitcoin to mass adoption? No-one wants to spend it, incase of the price going up and loosing out. Yet on the other hand, we want mass adoption. Chainalysis reports suggests only 1.3% of transactions are payments in 2019, that's less than 2017.
Here is a video from my YT channel, covering the topic in more detail.
https://youtu.be/C17-TpYxQwY
Here is a video from my YT channel, covering the topic in more detail.
https://youtu.be/C17-TpYxQwY
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