Author

Topic: My suggestion on Bitcoin adoption (Read 722 times)

newbie
Activity: 20
Merit: 0
June 01, 2021, 04:17:08 AM
#75
The emergence of BTC will not be adopted directly, but will be tested by time, society and people.

Just like the US dollar, it took decades for the US dollar to become the world currency.

BTC is only 12 years old. It is inevitable that many people do not understand or recognize it.

Cryptocurrency and bitcoin will develop better in the future.
hero member
Activity: 2968
Merit: 687
April 23, 2021, 06:51:30 PM
#74
When the pandemic hit the whole world, many people are now pursuing to own the internet, because the more people connected to the internet they know more about bitcoin, because I believe that even though the whole world already knows about bitcoin, its value will still be there, and it will remain a special currency. .

It must be admitted that since the pandemic occurred, many people began to spend time on the internet, and finally indirectly make Bitcoin's
popularity increase. It is proven that during the pandemic the price of Bitcoin has increased, because as you say now it looks like Bitcoin is
starting to be known throughout the world. So that makes several institutions also finally interested in investing in Bitcoin, hopefully then Bitcoin
will not only be good as a digital asset, however Bitcoin can be adopted by many merchants as a currency for alternative payments besides fiat.
Nope, it didn't actually make out some increase but its true that people had been mostly online due to pandemic situation where its impossible on
not to presume that people weren't able to hit or bang up with Bitcoin which for sure that really mostly spark out some interest on their part.
Adoption comes naturally because we are already in digital world which we can really study and learn it on any viable mediums as possible.
It is just depending on how you do deal with it.
sr. member
Activity: 1876
Merit: 318
April 23, 2021, 06:43:30 PM
#73
When the pandemic hit the whole world, many people are now pursuing to own the internet, because the more people connected to the internet they know more about bitcoin, because I believe that even though the whole world already knows about bitcoin, its value will still be there, and it will remain a special currency. .

It must be admitted that since the pandemic occurred, many people began to spend time on the internet, and finally indirectly make Bitcoin's
popularity increase. It is proven that during the pandemic the price of Bitcoin has increased, because as you say now it looks like Bitcoin is
starting to be known throughout the world. So that makes several institutions also finally interested in investing in Bitcoin, hopefully then Bitcoin
will not only be good as a digital asset, however Bitcoin can be adopted by many merchants as a currency for alternative payments besides fiat.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
April 23, 2021, 06:39:18 PM
#72
Bitcoin could be a great help in this pandemic. People are getting infected every day because they leave their homes every day in search of sustenance to take home. Very few people have stable jobs, the most vulnerable people suffer and are starving.
Institutions to sustain the economy should invest their capital in bitcoin and create jobs in this time of pandemic.
A good way could be Internet access in all places so that bitcoin and technology are more accessible.

But unfortunately, not many people can join the crypto community and learn the ropes fast to earn some money. It will still take time to get good grasp of what's going in crypto and learn how to earn from this new technology. But I can agree that this is a good option to some people who are already on the net everyday. They can learn fast on how to earn crypto in different ways. And I believe during this pandemic, a lot of people got good help via their crypto activities.
member
Activity: 1358
Merit: 81
April 23, 2021, 06:27:46 PM
#71
Bitcoin could be a great help in this pandemic. People are getting infected every day because they leave their homes every day in search of sustenance to take home. Very few people have stable jobs, the most vulnerable people suffer and are starving.
Institutions to sustain the economy should invest their capital in bitcoin and create jobs in this time of pandemic.
A good way could be Internet access in all places so that bitcoin and technology are more accessible.
hero member
Activity: 1904
Merit: 510
April 23, 2021, 03:30:37 PM
#70
When the pandemic hit the whole world, many people are now pursuing to own the internet, because the more people connected to the internet they know more about bitcoin, because I believe that even though the whole world already knows about bitcoin, its value will still be there, and it will remain a special currency. .
sr. member
Activity: 1022
Merit: 257
July 13, 2020, 02:53:17 AM
#69
Bitcoin is not the same as gold, you should realize that as the world recognizes bitcoin, the better. Bitcoin is not some kind of investment that was supposed to be kept to limited people, it is better if it will be spread and invested by many investors.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
July 13, 2020, 12:49:00 AM
#68
OP, I dont completely put bitcoin as digital gold. This mentality makes you take wrong decisions in future. Gold is a precious metal. Bitcoin is a cryptocurrency, keep it like that. Fact that bitcoin grows in value and is limited in supply does not make it similar to gold. Can you "melt" bitcoin and shape it? You cant.

Also it is true that the economic coverage of bitcoin is smaller than fiat currency usage but it is growing and we have to optimistic about the future of such an innovative technology known as blockchain. Probably bitcoin will remain like this but important thing is that you can make money trading on it, holding it for long term to sell and so on.

I'm having a hard time understanding what exactly you are suggesting. It is unnecessary to create this topic if you don't have anything to say. No offence; my thoughts.
People want to express their feeling about bitcoin so I guess its fine and its "Bitcoin Disucssion". If you dont like it then dont post in it. Simple and efficient manner to ignore. Cool
member
Activity: 569
Merit: 88
Credibility: 999
July 12, 2020, 02:40:44 PM
#67
I'm having a hard time understanding what exactly you are suggesting. It is unnecessary to create this topic if you don't have anything to say. No offence; my thoughts.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
July 12, 2020, 12:40:06 PM
#66
so even if everyone in the world knows about btc it won't affect its price in my opinion.
how can you be sure about this??  When we talk about prices, the price of decentralized coins is influenced by supply and market demand, Bitcoin is a decentralized coin.  people who are curious about Bitcoin will definitely buy it, especially those who are happy with new kind investments..

snip..
if somehow banks and paypal becomes serious in allowing people to buy BTC with paypal funds, the adoption could really move faster. you might be seeing it before 2030 that we can already pay our drinks with our crypto debit/credit cards.
yeah.. slowly but surely, we were heading there.  all transactions that occur in the future almost all will definitely use crypto..
legendary
Activity: 3178
Merit: 1054
July 12, 2020, 12:20:46 PM
#65


it sounded already like you don't want people to learn about BTC. there might be a lot of direction where the adoption of crypto will go after all there are stores accepting cryptocurrencies. developers are also creating dapps and apps to make it easier to work with cryptocurrencies but this kind of adoption will really take decades to happen.

if somehow banks and paypal becomes serious in allowing people to buy BTC with paypal funds, the adoption could really move faster. you might be seeing it before 2030 that we can already pay our drinks with our crypto debit/credit cards.
sr. member
Activity: 1820
Merit: 436
July 12, 2020, 11:52:02 AM
#64
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.

For sure as the bitcoin become more popular to a lot of people around the world the market price of bitcoin also will increase and continue to go up until it is used as one of the main currency.

The only thing that is going to stop it is if there is no demand in bitcoin, that could happen if there is a new technology that is more advance than bitcoin could exist.

Gold can be more reliable since it was a physical thing and it is a natural resource, unlike bitcoin that could lose its demand.
hero member
Activity: 1652
Merit: 569
Catalog Websites
July 12, 2020, 11:40:46 AM
#63
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.

Agree with you people get excited only if the value of BTC goes up and it becomes a talk of town across the globe but they also want to know the risk of Investing in it as well, I personally feel holding BTC for longer term is a good idea. Like you said internet access has been provided in maximum number of areas across the world and the digital payment system is expanding and growing which could change the fate of many things.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
July 12, 2020, 11:03:58 AM
#62
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.
A great deal of the population of the world is already aware that something like bitcoin exist, what they are not doing is adopting it at the same rate and it is not difficult to take a guess why, most people do not see the need to adopt bitcoin when they can use fiat to buy almost anything they want, they do not see in the characteristics of bitcoin something they need or want, however this will change in the future as people finally begin to understand the effects of allowing governments to print as much money as they want without any limitations, unfortunately for many of them it will be too late to fully protect themselves of those effects  but at least this will push forward the adoption of bitcoin.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
July 12, 2020, 08:30:58 AM
#61
That is why btc is only 21 million in supply because even if half of the world population  come to know about btc and each person have one btc then it will only be available for only 21 million people out of the world population which can still make it scarce and retain it's valua, so even if everyone in the world knows about btc it won't affect its price in my opinion.
I think that haven't been discussed why it's need to have 21 million in total and the fact is even if all the coins will be mined there will be no complete total of supply because of lost coins. Half of world population isn't just 21 million and there's no way people of 21 million can even get one because even on the genesis block that haven't been moved it isn't just amounting 1 Bitcoin.

Don't make some false interpretation just because you're running for the quantity of your posts because of the signature you're wearing.
member
Activity: 686
Merit: 35
July 12, 2020, 05:28:06 AM
#60
That is why btc is only 21 million in supply because even if half of the world population  come to know about btc and each person have one btc then it will only be available for only 21 million people out of the world population which can still make it scarce and retain it's valua, so even if everyone in the world knows about btc it won't affect its price in my opinion.
newbie
Activity: 12
Merit: 0
July 12, 2020, 03:59:18 AM
#59
Of course, the price of bitcoin depends on the popularity of this idea. So far, not all people want to use this and it is good for bitcoin.
full member
Activity: 868
Merit: 151
July 12, 2020, 03:49:49 AM
#58
Many people compare bitcoin and gold, but it seems to me that they are similar only in terms of the usual investment of money in something profitable. In all other aspects, bitcoin is more versatile and convenient than gold. Now the popularity of Bitcoin is at a very high level and at the same time many more do not really understand or do not know about it.

Bitcoin is known now to much larger population after the high it made of 20k in last couple of years back which were in the news all over the world. Now we require all the countries who have not made it legal or still not yet made decided what to be done , should try and make it legal and encourage the merchants to start using this as a digital payment and will lead to more adoption by the customers.
sr. member
Activity: 1274
Merit: 278
July 12, 2020, 01:36:21 AM
#57
That's true, bitcoin is not well known by many countries, there are more people who don't even know what it is because their government doesn't allow their citizen to use it, maybe it is banned from the country so no one knows it, but even though it is a ban from another country there are still some people from the are using it for some transactions and investing purposes, which is profitable when you invest in crypto compared to fiat currency. There are many people who are interested in it but they don't know how to start, I suggest that they should join this forum so they will gain knowledge about cryptocurrency.
legendary
Activity: 2814
Merit: 1192
July 11, 2020, 09:50:22 AM
#56
Don't be greedy, bitcoin wasn't created to make a selected few rich or make another rich instead, it was created to help the masses from the slavery the government with their centralized mode of operations have put us. It was created to clean up the currency market and used as a more of payment for the average human. We should advocate more fore the technology to go viral instead of withholding the information for our selfish gains.

In fact, witholding it will have the opposite effect. It has to be used by the people to gain value. Think of any other technology like computers, phones, cars. What value would they have if they were used only by a few people in remote, isolated parts of the world? You wouldn't want a phone or a car if you never saw anyone use it and understood the benefit of owning it.
OP doesn't understand that scarcity and availability are two different things. You can have a scarce material available in every city. A good example of this are expensive cars like Ferraris. They are expensive and scarce because they are always produced in limited numbers, but every big city has a dealership and you can also order a car online.
hero member
Activity: 881
Merit: 500
CyberTrade
July 11, 2020, 09:34:00 AM
#55
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.
Price of gold depends on its availability, and it is very hard to mine and they are also have less quantity present inside earth compared to other metals so it has got its value. Bitcoin also like the same but it is mineable by calculating and confirming the blocks.If you want everyone to use cryptos then you need to tell them what is actually a bitcoin not just its value and how can we get our Bitcoin.
But the problem in gold vs bitcoin equation is that bitcoin is having a finite supply as compared to gold about which previously it was said that it is having finite supply but now on many asteroids the scientists have found gold which means that gold isn't having a limited supply. So this definitely shows that bitcoin is superior than gold and should also be considered more premium investment but as bitcoin is still pretty new and in the early adapters phase so there is a lot of volatility in it but with time this will also change and bitcoin will become a trusted investment in which everyone would like to invest.
hero member
Activity: 882
Merit: 860
July 11, 2020, 08:31:35 AM
#54
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.
I wish that in the following years, curriculum for economics would be more critical on monetary theory.
In so far, banks and FIAT money was considered the only alternative. And most professors, even Marxists, were not doubting the system of monetary policy that is in place.

This is so foundational to introducing bitcoin. Students should first learn that there is an alternative to the system before being introduced to bitcoin's technical details IMO.

You're right, but the fact is that in the world there are still many people who are not sure of the new technology and above all still do not believe in electronic payments, so they still do the old way, I still remember what my grandfather told me that "money under the bricks is safe" to clarify that he didn't even believe in keeping money in the bank! perhaps with the generational change we could have an increasingly high mass adoption for bitcoin
newbie
Activity: 13
Merit: 0
July 11, 2020, 02:20:19 AM
#53
Many people compare bitcoin and gold, but it seems to me that they are similar only in terms of the usual investment of money in something profitable. In all other aspects, bitcoin is more versatile and convenient than gold. Now the popularity of Bitcoin is at a very high level and at the same time many more do not really understand or do not know about it.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 11, 2020, 02:11:35 AM
#52
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.

finding support so that many people understand that bitcoin is a difficult job, let alone made it an obligation for students to become a separate curriculum. although I agree that bitcoin has become a part of modern day life and many who are already literate with the internet will clearly at least understand bitcoin.

but once again it all depends on the role of government, the main point to be applied in all lines clearly involves the legitimate institutions of the state. so the priority should be that the state can accept it as a legal and recognized medium of exchange.
because until now there are still many countries that have not been able to accept bitcoin as a legitimate tool and can be used as a medium of exchange.

if the country is involved, we can be sure that the ease to introduce bitcoin will be more realized.
agree with the opinion above that it is also necessary for students or upper secondary schools to add curriculum or extra curricular about bitcoin because bitcoin knowledge is very important to be able to support more reliable knowledge in the future.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
July 11, 2020, 12:06:00 AM
#51
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.
If a full adoption is intended then that means that we should do it real fast because quantum computing will surely affect bitcoin, the education about bitcoin is not that important, maybe a specialization or an elective subject, in my opinion we shouldn't force the adoption but we need to move quick because there is still looming threat that might jeopardize bitcoin in the future.
newbie
Activity: 23
Merit: 0
I'am Exchanging With The Best Rate
July 10, 2020, 11:59:30 PM
#50
Well, it's evident that most of people have no idea about Bitcoin. So what's your suggestion for making it more popular? I couldn't understand it from your post.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
July 10, 2020, 11:12:59 PM
#49
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.
I wish that in the following years, curriculum for economics would be more critical on monetary theory.
In so far, banks and FIAT money was considered the only alternative. And most professors, even Marxists, were not doubting the system of monetary policy that is in place.

This is so foundational to introducing bitcoin. Students should first learn that there is an alternative to the system before being introduced to bitcoin's technical details IMO.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
July 10, 2020, 11:00:57 PM
#48
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.
newbie
Activity: 6
Merit: 0
July 10, 2020, 10:59:02 PM
#47
As bitcoin regulates with the use of technology, it really requires to be in any platform that we use such as those social media. I know that most of us here are treating bitcoin as a huge source of profit because that's one of its benefits but as we are looking forward to that, let's also help this bitcoin to achieve mass adoption because it really needs support from its users.  

Bitcoin was created for us to become aware on the market and to become enlighten about how money works in the economy. This digital currency is the most known cryptocurrency and don't waste the opportunity to know its benefit in the market. Especially that we have more advanced technology which we can use this asset as a payment tool for many transactions.

I understand correctly that you want bitcoin to be introduced into everyday life as a currency, but don't you think that it will take another year for such a huge step?
full member
Activity: 1540
Merit: 219
July 10, 2020, 10:53:09 PM
#46
Don't be greedy, bitcoin wasn't created to make a selected few rich or make another rich instead, it was created to help the masses from the slavery the government with their centralized mode of operations have put us. It was created to clean up the currency market and used as a more of payment for the average human. We should advocate more fore the technology to go viral instead of withholding the information for our selfish gains.

As bitcoin regulates with the use of technology, it really requires to be in any platform that we use such as those social media. I know that most of us here are treating bitcoin as a huge source of profit because that's one of its benefits but as we are looking forward to that, let's also help this bitcoin to achieve mass adoption because it really needs support from its users.  

Bitcoin was created for us to become aware on the market and to become enlighten about how money works in the economy. This digital currency is the most known cryptocurrency and don't waste the opportunity to know its benefit in the market. Especially that we have more advanced technology which we can use this asset as a payment tool for many transactions.
full member
Activity: 573
Merit: 105
July 10, 2020, 08:36:11 AM
#45
Im not sure that you suggestion is but my suggestion that we need wider merchants adoption. For this, we need better regulation. Bitcoin is regulated only in several countries and this is the problem
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
July 10, 2020, 07:43:52 AM
#44
Today there are a lot of people making an investment into the use of the bitcoin and some of the people right are already adopting this into the world of real business which is good there are a lot of investors support this to make more earning. Before only a few people appreciated the use of the bitcoin because they think it is just a scam and does not have brings good market proof to them but by the time goes by the number of supporters increased and the number of the market price of the coin is now increasing which is a good sign for making an investment and profit. 

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 doubt the whole world isn't aware of bitcoin. At least like more than 90% of the countries in this world have at least heard of bitcoin. Things are going to be so easier if people stopped comparing bitcoin with "digital gold". No, bitcoin is not where near a digital gold. It is a currency that was made to get get full freedom on our money instead of relying on a third party centralized financial institution.
So what is your suggestion? You forgot to mention..
When people says bitcoin is a digital gold, what they mean is it is a safe haven asset where they think that if they put money on bitcoin, it will quickly grow. There is still some misconception about bitcoin because some people think it is just for investment and it is not a currency.
The bitcoin is now currently changing the current payment system that we have. Many people are still suffering because of the broken system but for sure it will be developed and improved in the near future through the use of blockchain technology.

Bitcoin today are we called as the safe haven because one of the problems is the economy because there are a lot of them are falling right now because of a pandemic outbreak but still they find out the use of the bitcoin which is a good thing to do right now to save our funds and investment.
sr. member
Activity: 1036
Merit: 281
July 10, 2020, 04:47:29 AM
#43
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 doubt the whole world isn't aware of bitcoin. At least like more than 90% of the countries in this world have at least heard of bitcoin. Things are going to be so easier if people stopped comparing bitcoin with "digital gold". No, bitcoin is not where near a digital gold. It is a currency that was made to get get full freedom on our money instead of relying on a third party centralized financial institution.
So what is your suggestion? You forgot to mention..
When people says bitcoin is a digital gold, what they mean is it is a safe haven asset where they think that if they put money on bitcoin, it will quickly grow. There is still some misconception about bitcoin because some people think it is just for investment and it is not a currency.
The bitcoin is now currently changing the current payment system that we have. Many people are still suffering because of the broken system but for sure it will be developed and improved in the near future through the use of blockchain technology.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
July 10, 2020, 12:49:50 AM
#42
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 doubt the whole world isn't aware of bitcoin. At least like more than 90% of the countries in this world have at least heard of bitcoin. Things are going to be so easier if people stopped comparing bitcoin with "digital gold". No, bitcoin is not where near a digital gold. It is a currency that was made to get get full freedom on our money instead of relying on a third party centralized financial institution.
So what is your suggestion? You forgot to mention..
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
July 10, 2020, 12:41:01 AM
#41
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.
Price of gold depends on its availability, and it is very hard to mine and they are also have less quantity present inside earth compared to other metals so it has got its value. Bitcoin also like the same but it is mineable by calculating and confirming the blocks.If you want everyone to use cryptos then you need to tell them what is actually a bitcoin not just its value and how can we get our Bitcoin.
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
July 09, 2020, 12:47:28 PM
#40
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.

They will not, because in a sense, we live in the technological Middle Ages. Cryptocurrency has existed for more than 10 years, and people are only now beginning to taste it.
But the worst part is that most are not interested in the opportunities that Bitcoin offers, it is interested in the opportunity to earn. Until this old system is obsolete, people will look at bitcoin and cryptocurrency as a monetary vein in which they do not understand anything and do not know what to do with it.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
July 09, 2020, 11:48:57 AM
#39
OP Did you fall asleep writing this post?  Cheesy
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.
No I guess OP was smoking weed while writing this post.
He would have thought of a suggestion while writing the title but would have forgot it while writing the post  Grin Grin #Stoner'sDiary

Anyway, Bitcoin has not yet gone mainstream because it is not yet widely adopted but things are going well for bitcoin every year as more number of people are supporting it. That is how a steady progress is made. I think soon bitcoin will be the gold of Internet and as technology advances it will become more scarce.
full member
Activity: 1442
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July 09, 2020, 10:30:12 AM
#38
OP Did you fall asleep writing this post?  Cheesy
He fell asleep writing this and hit ALT+S by his head, what a move  Cheesy

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.
There is a study that says most people in America still don't know what bitcoin is, then we can simply assume that his goes the same for the whole world, only people who are fully engage in technology knows about the bitcoin or cryptocurrencies, some only saw this on television but did not give their time to make search about it. So now our question for the OP is that, where is your suggestion for bitcoin adoption? It's been a week since you made this post, hope you have the formula by now   Grin
full member
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July 09, 2020, 08:53:17 AM
#37
Bitcoin indeed is not yet being adapted and used as what its purpose should be. For now, creators were still not resilient on bringing bitcoin to the next level instead they just I think waited for the right time introducing this system world wide.

It may be hard also to introduce the system because of the news spread widely to which they tag bitcoin as scam. I am not negative on bitcoin and not believing on it but I had only stated the reality that happen in our place.  

So this adoption process takes time and let time reveal when the community embraces the bitcoin system if it is proven to be good for the community
bad news about bicoin often happens and it is common in very profitable investments. because competitors or who want to look for opportunities from the hassle of bitcoin are deliberately doing it to look for its own benefits.

but all the news that took place a while ago and maybe it's still happening now won't shake bitcoin. because bitcoin already has its own share and many are looking and saving to get profits. during trading the bitcoin will remain safe and exist at all times.
hero member
Activity: 882
Merit: 860
July 08, 2020, 05:28:30 PM
#36
Sooner or later it will come to mass adoption, but it takes time. In Italy a bank has already started offering its customers the purchase and sale of bitcoins, the bank is called Hype di Banca Sella e Conio, which is an Italian stock exchange launched, has entered into an agreement with Nexi, a card of producer credit and that will give the possibility to all the banks with which it collaborates to be able to use the Conio product to its customers, therefore many banks will soon be able to offer their customers the opportunity to buy and sell bitcoins.
full member
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July 08, 2020, 11:48:31 AM
#35
Currently the payment system has been changing slowly, although it still use money fiat but most of the tool for payment system is through an internet network. So, there will be many chance for bitcoin to be known by most people in this world even I just thinking that most people will use bitcoin as mean of payment.

Indeed, at the current situation just few countries who use bitcoin or who allowed all bitcoin user using all transaction use bitcoin but I just highly believe that in the future we will see most of the country in this world will be admitted that bitcoin is a payment system tool which is really needed.
newbie
Activity: 20
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July 08, 2020, 09:03:43 AM
#34
We hope that and some believe in it, but is the network ready to accept millions of customers? We still have less than 7 transfers per second and the world needs millions of transactions every second.
If the network evolves, you will find a sufficient number of clients. Clients are present. You are searching for the technology they need that makes their transfers cheaper and more efficient.
Bitcoin adoption ready to go to the moon people need to learn more about it.
legendary
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Leading Crypto Sports Betting & Casino Platform
July 08, 2020, 09:00:20 AM
#33
Browsed two pages and no answers what is the suggestion.  Grin

Adoption may be slow.
But this is a good chance now.
A lot of people are still staying at home and if they are given the right tutorial of what bitcoin really is or maybe just be directed to this forum then that could be a good start.
full member
Activity: 686
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July 08, 2020, 05:29:34 AM
#32
Bitcoin indeed is not yet being adapted and used as what its purpose should be. For now, creators were still not resilient on bringing bitcoin to the next level instead they just I think waited for the right time introducing this system world wide.

It may be hard also to introduce the system because of the news spread widely to which they tag bitcoin as scam. I am not negative on bitcoin and not believing on it but I had only stated the reality that happen in our place.  

So this adoption process takes time and let time reveal when the community embraces the bitcoin system if it is proven to be good for the community
sr. member
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July 08, 2020, 05:06:31 AM
#31
OP Did you fall asleep writing this post?  Cheesy
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.

He didn't say anything about his suggestion for bitcoin adoption, all i read is his opinion about this bitcoin not going for a mainstream.

There are still a lot of countries which are still not open for the use of bitcoin in their country. But in order for the government to allow the legalization of bitcoin in a certain country, its citizen must persuade or use the bitcoin publicly. Social media as a powerful platform right and it can influence anyone who are using it.

We can promote the use of bitcoin or its advantages in the market and in our lives through social media that we are using everyday. Internet really improves the quality of its user's life and we are experiencing it right now. Hoping that bitcoin users are willing to help support the use and the promotion of bitcoin for us to grow more.
hero member
Activity: 1722
Merit: 528
July 08, 2020, 04:02:01 AM
#30
I don't think you should love how Bitcoin is not that known.

There are a lot of people here that love to recommend using Bitcoin and despite the development of quantum computers, I think developers will find a solution to secure the blockchain to it. More users mean higher value but that also means higher volatility since it circulates faster but still, that is fine as long as people are actually using it.

That should be your suggestion here, how can we make other people be aware of it.
legendary
Activity: 1134
Merit: 1598
July 08, 2020, 03:31:05 AM
#29
If you want to compare BTC to Gold, then compare the fact that the easiest way you can buy Gold is in grams, forcing you to spend >$30, while you can buy Bitcoin worth as much as you like. It's affordable for everyone, but +80% believe "affordable" means the ability to buy 1 entire BTC. If it was that way, we would've needed 10 billion BTC and it would have probably been.
hero member
Activity: 994
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aka JAGEND.
July 05, 2020, 07:48:24 AM
#28
To OP. After i read your beautiful & extraordinary thread. With the limitations of IQ score that i have, i still can't find any suggestion about btc adoption nor some wisdom about btc adoption. Or perhaps, you have some amazing formula which is kept secret and will be published when the time is right (as this person said)

-snip-
You have some magic formula maybe.

full member
Activity: 1750
Merit: 118
July 03, 2020, 12:36:37 AM
#27
I love the fact that the whole world isn't aware of Bitcoin yet.
why ? whats the reason behind that . while all of us want bitcoin to be popular because this is the only way to drive more adoption or increase on the price .

If Gold was made accessible to everyone, The value would never be as high it has always been.
ah i see , this answers to your previous answer earlier   . now i know why you dont want btc to become popular  but you know what , i think you are wrong .  being not popular is not the reason why btc and golds value are high right now but its the supply . also btc and gold are now popular , thats contribute on the increase on the price too  .
full member
Activity: 1498
Merit: 129
July 03, 2020, 12:18:31 AM
#26
If you are literally suggesting that bitcoin should not be made accessible for everyone just like gold you have used as an, I am very sure you know this will be against the reason why it is created. Bitcoin is designed to be available for everyone and the technology behind it makes it in such a way to be decentralized. Being accessible to everyone makes it to be invariably adopted not only as a commodity but an asset that can be traded
hero member
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July 02, 2020, 03:33:17 PM
#25
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.
Before the creation of the quantum alot of people will still be interested in Bitcoin and others genuine altcoin due to how Bitcoin market hedge level against dump in price which is quite favorable than the world economy.
With that been said, i believe theres something you dont understand which is the reason why you compare bitcoin adoption result with Gold and the thing is if bitcoin adoption by the whole world theres chance for you, i and others holder to be Millionaire because a single bitcoin could be a Million USD.
sr. member
Activity: 1638
Merit: 278
July 02, 2020, 01:42:56 PM
#24
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.
If Bitcoin should be adopted by everyone (although that’s not going to happen) then it wouldn’t be seen as an asset any longer, it will become a currency and we will all simply be using it for transaction and nothing else, you will no longer be investing in it. It has more value now and everyone is looking for it because it’s scarce and not available everywhere. Seriously, I don’t really see anything wrong with the way that Bitcoin is, I just don’t know why some people are having problem with it and acting like every single person in the world has to be using Bitcoin.

Wouldn't it be more advantageous for everyone in the world to use bitcoin to make payments?
But, bitcoin got another usage which must be needed for each and every human of this world; yes I am just referring store-of-value property of bitcoins which must be more advantageous for everyone. Using bitcoin for making payments could be an additional benefit you can enjoy but getting good ROI must be rarest and most seeking thing among most people around the globe.

I guess store-of-value would be the enough feature for bitcoin to get adopted by most people of this world.
legendary
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July 02, 2020, 12:24:55 PM
#23
I love the fact that the whole world isn't aware of Bitcoin yet.

The problem of most people in the crypto world Is dreaming of super high prices, When the price was only $1000 I saw people worried about the price because it was very low in their opinion, when the price reached $ 18000 people were concerned because the price was too low in their opinion. now the price is $9000 and all I see are concerns that the price is too low. In your opinion few people should know about bitcoin so that the price is high, but:

Wouldn't it be more advantageous for everyone in the world to use bitcoin to make payments?



copper member
Activity: 658
Merit: 402
July 02, 2020, 12:17:24 PM
#22
So what you're trying to point is that you are fine and contended that bitcoin still is not widely acknowledged across the world? (Kindly correct me if I'm wrong) I'm not sure if you just missed including your suggestion or that is already your suggestion and your point is that you want bitcoin to remain as it is today and don't want massive adoption because you think it'll lose value like gold? For me, it's more of an opinion than a suggestion that's why others are having a hard time understanding where your suggestion is.

But the point is, bitcoin is still different from gold. Even if Bitcoin becomes more popular, it does not mean that it will lose its value since there is still a limited supply of bitcoin. In fact, I also doubt that gold will lose its value if it becomes more accessible to people. Also, bitcoin is starting to be more recognized and adopted as time passes by since people are seeing what bitcoin can do, so I doubt they will lose interest in bitcoin just because a lot of people know about it.



legendary
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July 02, 2020, 11:34:13 AM
#21
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.
First of all, Bitcoin as digital gold is a popular and definitely not your idea. Secondly, I don't think it's a good comparison. Is Bitcoin mined and has limited supply similarly to gold? Sure, that's true. But there are significant differences.
1. Gold is very stable, but not a really good investment opportunity because the price usually remains more or less the same throughout a big period of time (compared to Bitcoin).
2. Bitcoin offers a whole infrastructure of performing transactions between users around the world, whereas gold does not have anything remotely similar.
3. Gold can and is often faked, but it's impossible to make 'fake' BTC.
hero member
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July 02, 2020, 03:12:50 AM
#20
If many people know about bitcoin, they will have an interest in bitcoin, and they will search for how to get bitcoin and hold it as the investment. Bitcoin is a digital gold on the internet, but the value cannot compare with gold because right now, not all people know bitcoin but they know about gold, and they want to use gold as their investment. Besides that, bitcoin and gold are different.

Bitcoin still has a long time journey which we don't know what will happen with bitcoin in the future. So everything can happen to bitcoin. I am sure that if all people can easily to access the internet, they will find more about bitcoin advertisement which will makes them interest to buy bitcoin.
legendary
Activity: 3472
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July 01, 2020, 11:11:44 PM
#19
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.

i disagree with your view and i find it very flawed.
for starters bitcoin is designed to be a currency and the creator (Satoshi Nakamoto) introduced it as a payment system too. changing its purpose to something else (ie digital gold) won't go anywhere.
also what you said about scarcity is flawed, bitcoin supply has a cap and it is not there to make is price go up but instead it is designed this way to have a controlled supply which is something that fiat (and by extension all the existing payment systems that bitcoin is going to be an alternative to) don't have.
as for the value, it is only high and will ever go high based on utility not just supply and scarcity. same with gold and everything else in the world.
sr. member
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In Code We Trust
July 01, 2020, 11:00:56 PM
#18
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.

Perhaps, it is faster when we've developed from credit card to another payment systems, the means of paying now is too broad, we already have paypal, credit cards, bitcoin, and tons of cryptocurrency to choose from. The only challenge is to develop a faster means of transaction that is more efficient in terms of transaction speed and transaction fees.

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.

Correct, we need the support of our government so to make this happen, we can start by making the reputation of cryptocurrencies better than other payment options available.
sr. member
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July 01, 2020, 10:53:48 PM
#17
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.

Many differences exist between bitcoin and gold In that case how would you say that guy wouldn't be interested to know it Bitcoin is the most popular currency in the crypto market. The more people enter the world of the internet the more the demand for bitcoin will increase But yes it's up to the individual to decide whether or not to use Bitcoin The demand for Bitcoin will increase according to the current situation.
hero member
Activity: 1260
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July 01, 2020, 10:49:35 PM
#17
You are right. Although there is a chance that the price of Bitcoin will go down, I will keep Bitcoin above Gold. Of course you haven’t forgotten the end of 2017. This is not possible with Gold. This can only be expected by Bitcoin.
full member
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July 01, 2020, 10:48:15 PM
#16
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.
sr. member
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July 01, 2020, 10:25:30 PM
#15
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.
legendary
Activity: 1904
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July 01, 2020, 10:14:16 PM
#14
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.
member
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July 01, 2020, 09:11:38 PM
#13
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.
hero member
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July 01, 2020, 08:55:32 PM
#12
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.
hero member
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July 01, 2020, 08:49:45 PM
#11
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.
legendary
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July 01, 2020, 07:03:56 PM
#10
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 Cheesy.
legendary
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July 01, 2020, 06:30:29 PM
#9
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.
legendary
Activity: 2506
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July 01, 2020, 06:04:03 PM
#8
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.
legendary
Activity: 2422
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duelbits.com
July 01, 2020, 06:03:09 PM
#7
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.
legendary
Activity: 2576
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July 01, 2020, 05:47:56 PM
#6
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)
legendary
Activity: 2520
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July 01, 2020, 05:10:46 PM
#5
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.
legendary
Activity: 2212
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July 01, 2020, 04:54:12 PM
#4
OP Did you fall asleep writing this post?  Cheesy
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.
hero member
Activity: 2590
Merit: 644
July 01, 2020, 04:29:14 PM
#3
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.
legendary
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July 01, 2020, 04:07:06 PM
#2
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.
sr. member
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yes
July 01, 2020, 02:33:10 PM
#1
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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