Progressing adoption - page 3. | Bitcointalksearch.org

MI6

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Quote from: Aura on February 07, 2019, 03:12:14 PM

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I don't think merchant will be good anymore to attract people to use bitcoin. If that is for transaction that need low amount of money, fee to send bitcoin will be problem. Because sometime fee is bigger than price of product that we sale in merchant.

maydna

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Quote from: bitcampaign on February 10, 2019, 08:46:23 AM

Quote from: Aura on February 07, 2019, 03:12:14 PM

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Unfortunately that adoption does not apply in my country, but I think if it is adopted by many people out there it will be better, I think we are all here not only wanting a bitcoin price but also a lot of adoption for bitcoin in the future

The adoption will happen this year and the future, and I am sure people will know about bitcoin. When bitcoin can rise again in this year or the next year, it surely will attract people to search more information related to bitcoin, and if they can find the advantages and disadvantages of bitcoin, perhaps they will decide to join into bitcoin world. Once they can gather so many information about bitcoin, they will know that in the cryptocurrency, it's not the only bitcoin but cryptocurrency have altcoin. So when they already know about bitcoin and altcoin, the process of adoption will begin and more people will come to the cryptocurrency.

market-beta

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one of my close friends. adopt bitcoin in the long term and after all these years. Bitcoin prices rise and soar to space. when it approaches the end of 2017. he takes a portion of his assets. and even now he is a millionaire

lablab03

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Quote from: Indamuck on February 07, 2019, 03:34:03 PM

Bitcoin needs that one killer app to bring in new users. Look at how many of these video games gets hundreds of millions of users per month. If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

yeah. Surely million of gamers around the world will start to adapt bitcoin if that time happened because of being have an addiction playing games especially online games for sure there will be a great progress in the market abd stable growth rate. .

DevilSlayer

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Quote from: Aura on February 07, 2019, 03:12:14 PM

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

The awareness about cryptocurrencies are rapidly spreading and that's why the adoption is now happening. The merchants are now attracting to use bitcoin because of the advantages and benefits that they are getting.

tippytoes

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My take on this is that bitcoin adoption is not in a standstill situation as what the OP is feeling about. I believe that there is a growing number of people who are getting acquainted with the usage of bitcoin as a form of payment method and some are for their remittances in their respective countries.

jerrison

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the progress of the blockchain technology knows no bounds as people all over the world are moving towards the new technology by virtue of sensitisation coming in from meetups and seminars and conferences in different locations of the world and startups that have use cases on c=day to day basis. its further enhancing the massive adoption.

Denton

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If sellers are ready to accept bitcoins, then a certain number of buyers will still be found. Also, if there are buyers who are willing to pay with bitcoins, then sellers who are ready to accept it will also become more.

Ultimist

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Everything has to start with people. We have to promote bitcoin by all means. At first, it will not be so easy, because many are not ready to part with their bitcoins. But worth a try. The government should play an important role in this matter. But when this will come is unknown.

miropp

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I think it's not the sellers, it's the buyers. Many people do not want to spend their bitcoin and better pay in cash. But on the other hand, I think it's a good idea and it can help in the spread of bitcoin. The main thing that there was no ban from the state.

Halmater

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Although there is no an progresive improvement in the acceptance of payments by bitcoin on the part of big firms, I think that these companies have informed the governments about that the benefits of bitcoin use in the traditional sectors will bring to the economy. I think that there is a delay in this issue because of the governments which cannot make fast decisions.

xWolfx

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Quote from: cryptovigi on February 10, 2019, 11:48:49 AM

In order for mass adoption to be accelerated, it is necessary to increase the number of advantages for ordinary users ...

Today, many people have heard about bitcoin, but few that can name its advantages ... probably many of them have heard that it was possible to earn a lot on it, but also lose a lot in recent years ...
but still few people know what bitcoin really is, why it can be better than traditional (although modern) payment methods especially for ordinary people who just want to pay for goods and services and do not care about staying anonymous (although of course we know that other currencies are more suitable than bitcoins).

So for mass adoption, we still need education and further development of cryptocurrencies, which will increase the number of advantages for ordinary users.

Truth. They lose because they sell prematurely, doing this that way rarely ends up ok.

I will stick with the "Increase the number of advantages for ordinary users" - It could be for example, adding more Bitcoin payment methods with merchants everywhere. This point alone goes a LONG way in fact, the next step will be regular businesses implementing it not only in their websites but also in the facilities which will make it look a lot more real at the eyes of the regular people.

The last thing is precisely more stability that i believe will come someday when the currency matures a lot more. That is something we cannot control however.

deisik

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Quote from: Ucy on February 10, 2019, 02:41:07 PM

Merchant/mass adoption will most likely happen when some cryptocurrencies are imposed by the authorities on the masses,-more like what Facebook is trying to do with its proposd stablecoin. Adoption won't happen naturally in this case. There is currently no incentive to attract people to cryptocurrency

Well, I don't quite agree with your point

If there were no incentive to attract people to cryptocurrencies, then you would have to explain why the price of Bitcoin is still over $3000 (and how it got there from virtually 0). That's not something you can sneeze at or dismiss lightly. People are attracted to cryptocurrencies due to their speculative nature. Not many people in the world have the option of trading stocks, commodities, fiat currencies, etc, while cryptocurrencies make speculation easy and accessible for a common Joe. And by the looks of it, it is what people need and want (you can add gambling to the mix as well)

Ucy

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Merchant/mass adoption will most likely happen when some cryptocurrencies are imposed by the authorities on the masses,-more like what Facebook is trying to do with its proposd stablecoin. Adoption won't happen naturally in this case. There is currently no incentive to attract people to cryptocurrency.

deisik

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Quote from: Aura on February 07, 2019, 03:12:14 PM

I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Merchants will accept anything as long as it has some value and their consumers are actually willing to pay with it. Bitcoin does have value and its price tag of 3700 dollars per coin should tell you something, that is, it is definitely not for the lack of value that we don't see a lot of adoption. And that leaves us to deal with the fact that merchants are not willing to accept crypto because not many consumers want to pay with it in the first place

And you can't force people pay with Bitcoin even if they could

Reid

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Yes it is the merchants who is the key to all of this.

There is a problem though.
You cannot force it to them. Yeah give them ideas for a payment option, try bitcoin.
But at the end of the conversation with the merchant it will all fall again to one word. Volatility.

That is what they did not want. Too much movement with the price will risk their business.
So an effective merchant should be a bitcoin supporter too. A bitcoin enthusiast which is open to those kind of ideas.

cryptovigi

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In order for mass adoption to be accelerated, it is necessary to increase the number of advantages for ordinary users ...

Today, many people have heard about bitcoin, but few that can name its advantages ... probably many of them have heard that it was possible to earn a lot on it, but also lose a lot in recent years ...
but still few people know what bitcoin really is, why it can be better than traditional (although modern) payment methods especially for ordinary people who just want to pay for goods and services and do not care about staying anonymous (although of course we know that other currencies are more suitable than bitcoins).

So for mass adoption, we still need education and further development of cryptocurrencies, which will increase the number of advantages for ordinary users.

Snyderfx2

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Bitcoin adoption into businesses is progressing than the past because earlier it was only treated like a investing asset but from 2018 on wards many spoke about how it can be implemented into business transactions as an alternative to fiat currencies and even under such pressures its progress is immense because no other currency in the crypto world can face and also survive that bitcoin has faced and I think there are major reasons why it has the capability to expand rapidly with companies and one is the demand or power it has gained as the first digital currency in the world and another reason is bitcoin enthusiast because for any currency to be alive there should be users and without that no currency can continue and even bitcoin lost considerable amount of potential holders still there are many users from the beginning until now and that helped bitcoin a lot to survive with these restrictions or barriers and that is the main reason bitcoin will continue to grow and progress with adoption in to businesses

SIDDHI777

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The crypt adoption rate seems like very slow these days mainly because of the high volatility in the market so merchants hesitate to combine there businesses with cryptocurrencies to receive or make payments because in moments it can turn into huge losses but with more stability and expansion among users definitely cryptocurrencies will be able to increase there adoption into online businesses in the near future but it might take some time

Muzika

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Quote from: Aura on February 07, 2019, 03:12:14 PM

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

the market should be hit so hard by the cryptocurrency purpose, as long as the existence is there and there is no good things happens the price will be on the floor still, but if someone will create a thing that can bring cryptocurrency to the end then it might be the start of good things to happen in crpypto.

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