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Topic: Is Bitcoin "Mainstream" yet? The poll. (Read 362 times)

FrueGreads

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Quote from: pawel7777 on January 11, 2018, 05:18:21 PM

Years ago most would define 'mainstream' as widespread merchant adoption, but maybe it just wasn't meant to be...

I think this is the key point in order to answer your poll, and that's probably the reason why right now you have almost 50/50 results. It all depends on this point of view, and maybe you should consider deciding what perspective should we use before voting. I voted yes, because I'm considering that being mainstream doesn't need adoption as well. Like you said yourself, it's hard to talk to someone that hasn't at least heard about Bitcoin, even if they don't know what it is, and for that I think bitcoin is already mainstream in terms of awareness. It is not mainstream in terms of adoption though, and that is easily checked if you look at Bitcoin price.

Notcalculator

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No. In my experience it's not even mainstream awareness yet. Most people i meet regularly have no idea what it is, but they may have heard of it. Other than my first hand experience, you could easily check its traffic. If it were mainstream we'd barely be able to transact. Additionally, I would say that the volatility of its price is an indication that it hasnt reached mainstream yet. If it were mainstream, the prices would be more stable as people would have already agreed upon its value.

eaLiTy

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Have Fun )@@( Stay Safe

Crypto currency is a main stream market right now and bitcoin helped to get the word out without a doubt with the kind of rally we had last year and in the past,there is a huge investment in the crypto market especially from wallet street and fund houses and so you can consider it as a main stream currency ,we will see main stream merchant adopting bitcoin in due time and i am sure the development team will come out with a solution for that too in the coming years.

CryptoBeefy

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I would say no to it being mainstream, for me, mainstream would mean its an accepted form of payment in a lot more retail based environments. Has it's name grown and now more heard of? Sure, social media was buzzing with the word 'Bitcoin' for a month or two. As is the way with social media, it's now all doom and gloom in the world of Bitcoin.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: pangu on February 04, 2018, 12:18:11 PM

Harvard Business Review published an article in 2017 analyzing the potential for blockchain technology to break into the mainstream. The study cited an overall lack of usability as the single largest barrier to widespread public adoption:
https://www.linkedin.com/pulse/before-we-can-blockchain-world-need-simplifyaccess-kevin-murcko

That’s mainly just an advertisement for CoinMetro but I do agree with much of what he said.

pangu

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CoinMetro

endlings

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It's hard to tell because many social media speak Bitcoin and know a lot of them, but not many people really know or join in. So what's the mainstream? I think it should not, and most people think of bit The impression of the currency is negative, as money laundering, illegal trading, hacking and so on, these labels are placed on bitcoin, temporarily still can not be cleared.

jritz2344973

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Quote from: bit-freedom on January 14, 2018, 05:39:48 AM

IMO, I don’t think Bitcoin is mainstream at this moment. I doubt half of the world population own Bitcoin. But I think we are on the way to mainstream.

The growth of Bitcoin and cryptocurrency is significant, exceeding many people's expectations of the industry. Many are looking at the government and regulators' reaction to digital currencies next year, and the emergence of relevant regulators and legal systems will allow bitcoin and other cryptocurrencies to be accepted and used by mainstream markets.

CryptoBitCoins

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In this situation it is very difficult to determine the difference between the mainstream and simple popularity. Because of this, it is very difficult to understand whether bitcoin is a mejstirmom. I think that all the same bitcoin is very popular, among the developed people who understand cryptography. Therefore, I gave my vote for the fact that bitcoin is not mainstream.

Shrinath

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Activity: 112

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Its fair enough to state that Bitcoin is still far from becoming a mainstream investment, as attempts to create exchange-traded funds based on Bitcoin and other digital assets have so far been foiled by the US Securities and Exchange commission. At the same time, mainstream financial institutions are paying more attention to blockchain assets. As a result, a dose of Bitcoin makes investors portfolios less volatile. Bitcoin is primarily decentralized and its generation and circulation and doesn't depend on any government. So, structurally it is poles apart from a mainstream currency. Hence, We as Bitcoin proponents preserve the secure opinion that the digital coins are a safe investment because they have a "zero correlation" to the stock market.

bit-freedom

sr. member

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IMO, I don’t think Bitcoin is mainstream at this moment. I doubt half of the world population own Bitcoin. But I think we are on the way to mainstream.

Lemer

member

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I think yes, in my country, almost everyone knows bitcoin, and every day people talk about it, and I think it's mainstream.

Rajip

newbie

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That really depends on how you define mainstream. In crypto world of course bitcoin is mainstream, among investors in general it also becoming more and more mainstream as many new investors enter this market every day. However, if you consider non investors then bitcoin is probably just something people hear in the news from time to time, not mainstream for sure as there isn't really anything to do with it right now besides investing.

Tongpinyhk

newbie

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More people are voting that bitcoin is mainstream? Why don't I feel so myself. It is not like more than 50% of the population knows about bitcoin and are using them in real life Huh

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I live in a country where Bitcoin is on everyones lips. They think it is a exellent store of value, because most people has made a lot of money with Bitcoin and everyone is looking for the same returns. A high Bitcoin price, draw a lot of attention from the media.

People within my circle of friends, know that I have made some significant profits with Bitcoin and they want the same. ^smile^

Dapper

sr. member

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Re: Is Bitcoin "Mainstream" yet? The poll.

January 14, 2018, 03:40:07 AM

#36

Not even close to mainstream. The word is, but not the use of it. That's why the potential upside is still very enticing.

desi92

full member

Activity: 210

Merit: 106

Re: Is Bitcoin "Mainstream" yet? The poll.

January 14, 2018, 03:37:16 AM

#35

Quote from: monkeydominicorobin on January 12, 2018, 07:27:17 AM
Yes. It is a mainstream type of technology. It is mainstream for those in the know. It mainstream for those who know how to wield it.

Yes, i agree with you. I think not only me that think about this but many other people.
As of now not more people in the world know about bitcoin, if more and more people, it will be more mainstream.

kc999991

newbie

Activity: 224

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Re: Is Bitcoin "Mainstream" yet? The poll.

January 14, 2018, 03:28:13 AM

#34

If you are talking about it in the sense of general public, no it is not mainstream yet. There might be some news about bitcoin being broadcasted but it is not yet enough to convince the majority of people to invest in.

elramsy

newbie

Activity: 98

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Re: Is Bitcoin "Mainstream" yet? The poll.

January 14, 2018, 03:14:56 AM

#33

Arguably! Not fully mainstream, with good reasons that bitcoin is and always will remain volatile, the fact is bitcoin increases and decreases has led to what is referred to as FUD (fear, uncertainty, doubt) and FOMO (fear of missing out). But with the advent of other alternate coin such as CryptF coin with a new platform to ‘hard-wired’ digital coin to ‘blue-chips’ will make a great impact for it acceptance by different social class. So I think bitcoin should try to learn from other upcoming digital coin to work on their security management.

jseverson

hero member

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Merit: 759

Re: Is Bitcoin "Mainstream" yet? The poll.

January 14, 2018, 02:43:33 AM

#32

Quote from: pawel7777 on January 11, 2018, 05:18:21 PM
Years ago most would define 'mainstream' as widespread merchant adoption, but maybe it just wasn't meant to be...

I'd say it's on the fringe. Everyone is talking about it, but few are actually genuinely curious enough to get their feet wet. People love talking about the massive returns, and some even bought miniscule amounts just to be able to say they "invested", but they mostly know nothing about the technology and what they can actually use it for. The recent boom is a fad, in that it's popular because it's new and it's considered cool.

I still consider mainstream as significant adoption, but I don't believe we can reach that, and Bitcoin certaintly can't even handle it, until the scalability issue is addressed.