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Topic: The adoption boom is coming - page 5. (Read 5426 times)

legendary
Activity: 1414
Merit: 1000
November 21, 2016, 06:58:36 PM
#26
Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole  coins will be too expensive for the average user  ( $10k+)  and people will deal in Mbits or maybe even satoshis...

Right now bitcoin doesn't scale for shit, so this is a pipe dream unless something comes along to change that.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
November 21, 2016, 06:21:38 PM
#25
Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole  coins will be too expensive for the average user  ( $10k+)  and people will deal in Mbits or maybe even satoshis...
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
November 21, 2016, 04:22:44 PM
#24


Knowing that it will rise and rise in time makes me wanna hold my coins rather than spending them. Dunno if its a bad thing or good.

It's good - it's acting like digital gold. And it has an advantage over normal gold in that it is easy to get hold of and mobile.
legendary
Activity: 1904
Merit: 1074
November 21, 2016, 01:42:15 PM
#23
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

I am exciting with megaupload 2.0 launching next year, with their bitcoin bitcache feature. Also there are many news about bitcoin adoption even the government services.Indeed 2017 is an exciting growth for bitcoin.

I am also exited about the possibility that Megaupload 2.0 will take off and it will push Bitcoin into the mainstream... The monetization of this is

big, and we can definitely move forward if this does take off. I just hope that SegWit and LN is implemented by then and we would not have any

scalability problems when it happens.  Huh
legendary
Activity: 3276
Merit: 2442
November 21, 2016, 01:34:20 PM
#22
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

This, exactly.

That's how i use bitcoin anyway. And i know that i am not alone. I purchased some digital services with bitcoin (like domains/hosting etc) and i think it is the perfect tool for anonymous online gambling but that's mostly it.

Knowing that it will rise and rise in time makes me wanna hold my coins rather than spending them. Dunno if its a bad thing or good.
legendary
Activity: 1330
Merit: 1000
dafar consulting
November 21, 2016, 01:20:26 PM
#21
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

Bitcoin is one of those things that becomes more useful and more beneficial to all parties as more adopt it and use it. Right now it's not convenient for someone to use bitcoin if you don't already have it. For those who do already have it, most would rather hold/save them like myself. But bitcoin does bring benefits to all parties doing a transaction, these benefits are realized when more and more people use and accept bitcoin, as the in-fracture develops and as apps become more simple and convenient to use...  mass adoption is definitely coming.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
November 21, 2016, 12:59:39 PM
#20
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

that's because there is still no real way to earn bitcoin easily for the average people aside from buying which is not convenient for many, and also it feel like investment, many don't want to invest, they want to acquire, you don't invest to have fiat, you acquire it, so until bitcoin will not be easy to acquire it will no be on par with fiat
legendary
Activity: 3892
Merit: 4331
November 21, 2016, 12:52:40 PM
#19
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

Maybe, but OECD countries-1bil people, the ROW-6 bil.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
November 21, 2016, 12:02:12 PM
#18
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
November 21, 2016, 11:30:08 AM
#17
People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.  That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

Maybe you're looking on the wrong direction. The remittance market is huge, and it's already being disrupted by BTCBTCBTC.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
November 21, 2016, 11:28:40 AM
#16
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

I am exciting with megaupload 2.0 launching next year, with their bitcoin bitcache feature. Also there are many news about bitcoin adoption even the government services.Indeed 2017 is an exciting growth for bitcoin.
Im thinking the same thing too on which  bitcoin would surely have a good year on 2017, big adoption events will surely happen like  you said about  megaupload. Im waiting for that too on which we could say that adoption really booms out as the days and months goes by and we cant really stop it. Adoption is really the main thing that really affects the bitcoins price movement, the more people will use it the higher the price.
legendary
Activity: 1330
Merit: 1000
dafar consulting
November 21, 2016, 10:54:58 AM
#15
legendary
Activity: 3052
Merit: 1273
November 21, 2016, 10:21:00 AM
#14
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

I am exciting with megaupload 2.0 launching next year, with their bitcoin bitcache feature. Also there are many news about bitcoin adoption even the government services.Indeed 2017 is an exciting growth for bitcoin.

For that adoption boom, we really need these companies and giants to get into bitcoins for other people to know about this who are not aware of it.
I am also expecting a new all time high soon seeing the current user adoption level only, and thanks to all those who contributed so hard for this to happen.
hero member
Activity: 1414
Merit: 505
Backed.Finance
November 21, 2016, 10:12:07 AM
#13
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

I am exciting with megaupload 2.0 launching next year, with their bitcoin bitcache feature. Also there are many news about bitcoin adoption even the government services.Indeed 2017 is an exciting growth for bitcoin.
hero member
Activity: 910
Merit: 502
November 21, 2016, 10:01:09 AM
#12
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

We certainly need a new wave of adoption. We seem to have hit a wall, a bit of a plateau. I hope something can draw lots of people in & we see the price rise significantly.
But, I just believe into the reciprocal of your statement. The price rise significantly attracts many new people into bitcoin adoptions. The adoption boom is already happening, it may go intensive when bitcoin prices approaches $1000 again.
legendary
Activity: 1288
Merit: 1087
November 21, 2016, 09:55:03 AM
#11
Its value as a medium of international transfer is however very real. When people sell their hard-earned dollars for Bitcoin to send overseas, it's to save time and transfer fees. Even the tx fees people bitch about are minuscule compared to bank or Western Union fees.

Likewise, even if it takes longer than expected for the transaction to be verified a sufficient number of times by the network, it's still just hours and not a week of banking days.

depends where you live. in europe bank transfers are free and instant.

and let's be honest here, if you're doing transfers beyond your local banking system with western union by the time you throw in the expense of buying and converting back btc, western union is often still gonna be cheaper and faster for the smaller stuff.

if i had to pay for something big in america then i'd definitely try to turn them on to bitpay or coinbase. if my friend in kathmandu is starving to death then it'll have to be western union still.

the only real unique actual use case right now is dark markets but with the advent of better and better analysis it's possible that door will close.

and public adoption doesn't matter. what really matters is more use by the foundations of the finance industry. the public will follow them.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
November 21, 2016, 09:47:19 AM
#10
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.

We certainly need a new wave of adoption. We seem to have hit a wall, a bit of a plateau. I hope something can draw lots of people in & we see the price rise significantly.
hero member
Activity: 658
Merit: 503
Bear with me
November 21, 2016, 09:03:52 AM
#9
Indeed 2017 will introduce well thought out new use cases. I also believe this will influence the growth and the price of bitcoin.
MegaUpload 2.0 for example will help many people familiarize with bitcoin and is just the beginning.
legendary
Activity: 2170
Merit: 1427
November 21, 2016, 06:09:25 AM
#8
People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.

Exactly that is missing. Especially in well developed countries with a top notch fiat based payment infrastructure. It completely wipes away the need for Bitcoin being used as currency tool. If you purely look at online spending purposes, then Bitcoin is still the top leader for me. I use Bitcoin in 90% of the times when I transact with people around the world, or do an occasional purchase at a web store accepting Bitcoin.

That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

The investment aspect, as well as the store of value aspect, will be the main points of Bitcoin that people will be interested in. Gold is no longer the sole ruler in the market that people can use as a hedge, store of value, investment, etc. Bitcoin is here and ready to be used by people appreciating what it can offer them. I hope even the hard headed average joes will also realize that. It will be an insanely though job to get them on board.
legendary
Activity: 1946
Merit: 1137
November 21, 2016, 05:17:43 AM
#7
My pet theory is that it is miners who are providing the liquidity despite most of them being long term bullish, not just to pay expenses but also in an attempt to keep the price artificially low to protect their market share by keeping mining less profitable for new entrants due to upfront costs. But with each dump attempt, the liquidity gets soaked up and held. I believe that this market share protectionism is also primary in the blocking of SegWit as well.

I liked your theory.

People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons. 

the reasons are all there for those who look for it, but the use cases aren't for example bitcoin is the best for paying for everything online but you can't find places that are popular (eg Amazon, Ebay) to use bitcoin.
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