Sorry mate, but I haven't seen any suggestion from you to the bitcoin, maybe he just forgets to include his suggestion lol, anyway based on what you have said you are saying that you are happy because bitcoin is now well familiar by all people or only people know things about cryptocurrency, with these numbers of the user of cryptocurrency the price of the bitcoin is already high, what if all people will know the world of crypto, it is really possible that the price of the bitcoin will become higher than $9000.
If we want to inform people about the crypto world, we may use any social media platform, there are many active users of social media, I am pretty sure that bitcoin will be known if they use that kind of platform.
Topic: My suggestion on Bitcoin adoption - page 4. (Read 722 times)
OP, I think this is not suggestion rather this is giving your own opinion and I respect that. Although I do understand what your point is but Bitcoin's adoption compared from the previous years were increased a lot. This just means that in a more years to come, bitcoin will be widely known by the whole world.
You should be glad and happy if that will gonna happen. And you worry too much, I am a bit confused what are you worrying? The adoption or the supply? Since there is a limited supply of bitcoin so even thoughh the whole world knows bitcoin, the value will still stay and will still be a special digital currency.
You should be glad and happy if that will gonna happen. And you worry too much, I am a bit confused what are you worrying? The adoption or the supply? Since there is a limited supply of bitcoin so even thoughh the whole world knows bitcoin, the value will still stay and will still be a special digital currency.
Probably it would be better to just relax as of the moment!
If you are going to take a look at the previous money revolution, it took more or less 20 years before we even have another alternative payment system from credit card to US dollars, then another 20 years when we moved up to another system from fiat to online payments.
The only thing we can do right now is to establish ourselves with a good grasp of how the technology works, contribute a solution to the problems bitcoin are facing especially to the government who are trying to exploit the humanity to use bitcoin under their surveillance. This would take a lot of years but it'll be worth it.
If you are going to take a look at the previous money revolution, it took more or less 20 years before we even have another alternative payment system from credit card to US dollars, then another 20 years when we moved up to another system from fiat to online payments.
The only thing we can do right now is to establish ourselves with a good grasp of how the technology works, contribute a solution to the problems bitcoin are facing especially to the government who are trying to exploit the humanity to use bitcoin under their surveillance. This would take a lot of years but it'll be worth it.
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
What do you mean?And where is your suggestion?Not clear but i think you mean is that bitcoin will become more popular in the coming years because the world population will be accessing the internet and it become the way the the mass adoption of bitcoin will increase and it will become a new gold. No doubt that even a little kids will become aware in crypto because in a new normal studies will be online and as they use a computer or any gadgets they will see bitcoin for sure and become curious if what is it. 
You are not the only person that said those things. Most bitcoin enthusiasts said it before that bitcoin is the new gold and in category of digital, the digital gold. If internet becomes accessible all over the world, why do you think that many won't be interested to it?
As long as there's a value for this digital asset class, there will be people that are interested to know more about it. But the question should be, are those people willing to buy bitcoin or invest on it? I still see some people that doesn't have the taste of investing.
As long as there's a value for this digital asset class, there will be people that are interested to know more about it. But the question should be, are those people willing to buy bitcoin or invest on it? I still see some people that doesn't have the taste of investing.
Well, it is often compared to Gold at times, but really, there's a difference between the two. Also, the whole world should get to know it to actually increase adoption. No matter how many people know it, the fact remains that it has a limited supply, so I don't suppose it's credibility is in doubt here. Limiting the knowledge of what Bitcoin is to only a part of the world isn't adoption anymore tbh.
Also, in the case of quantum development, would you think that Bitcoin would just stand still and let it get to the point that it becomes useless once quantum tech comes out? With how the warnings of its development were made, I guess we can assume that community developers would think of a way to avoid being useless due to it. And in case it does become useless, then what's the point of adopting it? It'd lose credibility real quickly I suppose.
Also, in the case of quantum development, would you think that Bitcoin would just stand still and let it get to the point that it becomes useless once quantum tech comes out? With how the warnings of its development were made, I guess we can assume that community developers would think of a way to avoid being useless due to it. And in case it does become useless, then what's the point of adopting it? It'd lose credibility real quickly I suppose.
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
I will just assume that:1. You are drunk when you are posting this.
2. You are just new here even you are a Jr. Member ranked member.
Some says that Bitcoin is digital Gold yes and regarding its scarcity, it isn't that hard to get as long as you have money to use to purchase it then you can buy it. I don't see any suggestion with your post OP so.... yeah take some sleep sometimes
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Many people are interested to know more about bitcoin but we as users will have to acknowledge that the risk associated with holding BTC is also not for everyone.
I don't quite get the point in the OP though...
If gold was accessible to more people it would lose value? Pretty much no. That's plain wrong. If demand goes up and the supply remains limited (which is guaranteed to be the case with BTC), then the value is only bound to go up.
People having more access to the internet, even in poorer countries, means that more people will need access to value transfer services. It'll be interesting to see people in developing countries leapfrog ever opening a bank account in favor of innovative alternatives like bitcoin.
I don't quite get the point in the OP though...
If gold was accessible to more people it would lose value? Pretty much no. That's plain wrong. If demand goes up and the supply remains limited (which is guaranteed to be the case with BTC), then the value is only bound to go up.
People having more access to the internet, even in poorer countries, means that more people will need access to value transfer services. It'll be interesting to see people in developing countries leapfrog ever opening a bank account in favor of innovative alternatives like bitcoin.
OP is kinda comparing the Gold and Bitcoin, well if that so, OP should know that Gold and Bitcoin got a huge difference.
Especially OP mentioned accessible to the internet for everyone. This is one of the best and good for Bitcoin since for sure, the more people are connected on internet, the more possible people will use Bitcoin.
Especially OP mentioned accessible to the internet for everyone. This is one of the best and good for Bitcoin since for sure, the more people are connected on internet, the more possible people will use Bitcoin.
I don't understand what your suggestion exactly is. I cannot see any suggestions above. Instead, you doubt the future of Bitcoin. Anyway, I disagree with comparing Bitcoin and Gold as they are much different. Gold is physical and Bitcoin is digital, they have different purposes. If people think about the future life that is more familiar with digital activities, then they should be interested in Bitcoin. Also, when people look for an asset offering high profits, then they will take a look at the Bitcoin. As we know that Gold seems more stable and not really move the values significantly.
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
Bitcoin is 'slowly' being adopted, but it might take some time to fully see the potential to be a currency or a payment scheme because of its volatility. Yes, we love to see the whole world being aware of bitcoin, but we can't really force that issue though. In the long run, it's either you are a bitcoin maximalist or no coiner. If others doesn't see bitcoin or at least some governments thought it could bring more harm to them then we can't do anything about it. That's why we have seen countries banning it, or putting a strict regulatory framework, it is their loss, not ours. (Although I sound a bit selfish here)
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
your post sounds like you want bitcoin to stay hidden and not become a mainstream cryptocurrency because it will lose its value. bitcoin is not gold and it has a very limited number.
the reason why bitcoin price is rising is because of adoption and increase of demand if the adoption continues to increase(yes it will lead for bitcoin to become mainstream) the demand will increase and so is the price.
OP Did you fall asleep writing this post?
I agree that Bitcoin is still unknown for major part of the world, but I don't see your suggestion for Bitcoin adoption.
You have some magic formula maybe.
I agree that Bitcoin is still unknown for major part of the world, but I don't see your suggestion for Bitcoin adoption.
You have some magic formula maybe.
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
^ I did not see your suggestion here, but as I have seen, you are happy to the fact that the world did not know about bitcoin yet. If you are looking into the price of bitcoin years back, it shows the graph that it is continuously growing up and so it means, bitcoin has become widely adopted and you can determined this through the demand and supply, once bitcoin price will boosted the demand were increase and the supply will decrease because it's a fixed amount of bitcoin. More and more people now have pursued to have internet when pandemic hits on mother earth. The chances to bitcoin exposure have a big percentage.
Where is your suggestion and what is? Bitcoin won't compare with gold either digital or real life. Bitcoin is Bitcoin only. Gold has existence in real life and gold prices doesn't depends on community. But Bitcoin backed by the community and it's much volatile. But yes, I have seen few rumours lately about bitcoin adoption like PayPal acceptance. If you expecting bitcoin will know every single person on the earth likely it wouldn't possible. Because world should be more advanced for that. Lots of place on the world even don't have internet facilities, so know bitcoin for them a kind of impossible. Let's think positive and keep your role on this adoption by share your nearest friends & family about bitcoin.
I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.
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