Chart definitely shows that we are on the verge of something bigger, that is what it is telling me. Whenever there are possibilities of rises this type of thing happens and the more people that joins the better the possibility of us doing better as well. I get that this can't be really all that true, we should be considering the situation a little different but that is not really the thing we should be caring about, we should be looking for something that could benefit them a lot better. I know that this will take a while for them to make it work but that is going to be a tough deal if we want it to work better.
I hope that we could see people make a bigger return this time around because if we are getting a lot more people then it should grow a lot more to leave all of us something, and the bigger pie means there will be easier time to sell since there are a lot more people that is willing to take up where you left off and keep taking it further.
Topic: The crypto market has changed and I think its a sign of mass adoption - page 2. (Read 766 times)
October 19, 2023, 02:21:02 PM
October 18, 2023, 04:40:54 PM
Maybe around us there are no Bitcoin ATMs that we can specifically find like most other fiat currency ATMs, but let's look at several countries that are willing to accept Bitcoin as payment and countries that are very brave in adopting Bitcoin, such as El Salvador. Surely the residents there will know how to look after Bitcoin and use it when they want to shop which won't even make it difficult for them at all when they want to pay for something using Bitcoin. Simply by scanning the barcode via cellphone, anyone can immediately make any payment transaction with Bitcoin if it has been accepted by both parties.
Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.
Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.
I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.
Thats inevitable but we cant really be able to point out that when it comes to movement of its value or in terms of price then there's no way on knowing on what it looks like.
Whether it would really be behaving just like into those previous years or not when it comes to price volatility which this had really that remain a big question.Although chart
results and other analysis thats showing up some odd patterns will really be making out those kind of assumptions on which we do see that people
would really be looking upon and apply their decisions basing up on what they are seeing.
October 18, 2023, 04:35:58 PM
I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.
Another example is Zimbabwe with its extreme inflation. The adoption of bitcoin may be another alternative to overcome this inflation, but regulations must really be implemented and there must be someone who regulates how Bitcoin should be used.
Mass adoption cannot necessarily be used just like that, there must be an in-depth study of what is needed and how it applies to the economic system in a country.
Using the P2P network or using the Bitcoin Lightning network can be an alternative.
Mass adoption is not only thinking about a benefit for the country, but also thinking about how people can use it or not and whether it is really useful or not.
October 18, 2023, 02:21:28 PM
Maybe around us there are no Bitcoin ATMs that we can specifically find like most other fiat currency ATMs, but let's look at several countries that are willing to accept Bitcoin as payment and countries that are very brave in adopting Bitcoin, such as El Salvador. Surely the residents there will know how to look after Bitcoin and use it when they want to shop which won't even make it difficult for them at all when they want to pay for something using Bitcoin. Simply by scanning the barcode via cellphone, anyone can immediately make any payment transaction with Bitcoin if it has been accepted by both parties.
Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.
Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.
I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.
October 18, 2023, 10:49:40 AM
Interesting read, thanks for the posters in the thread. Does anyone have info on how to measure adoption, is there some kind of standard?
I'm not totally convinced by the number of addresses increased as a metric. I could create 10 new addresses right now but that doesn't mean 10 new folks adopted btc.
I also wonder about how many of the altcoin crowd from last cycle get converted to btc. I assume some exit after getting burnt, some die hards stick to their shit coins, but then also some move over to btc. Is there anyway to measure that?
Is price the only true way of measuring adoption?
I'm not totally convinced by the number of addresses increased as a metric. I could create 10 new addresses right now but that doesn't mean 10 new folks adopted btc.
I also wonder about how many of the altcoin crowd from last cycle get converted to btc. I assume some exit after getting burnt, some die hards stick to their shit coins, but then also some move over to btc. Is there anyway to measure that?
Is price the only true way of measuring adoption?
October 18, 2023, 09:40:44 AM
This is 100% true and I agree that the recent mainstream adoption has fundamentally changed the entire cryptocurrency market landscape. Experienced investors are the top choice in cryptocurrency to invest in Bitcoin, but those who are new to cryptocurrency invest in Shitcoin more and try to invest for the long term. But they don't know that Shitcoin is full of risk to make long term investment. We should understand now day by day many countries are moving forward and many countries are legalizing bitcoin and cryptocurrency. I believe Bitcoin revolution is inevitable by 2030 and all countries will declare Bitcoin legal.
I also agree with uncle, because the recent events regarding regulations, and the desire of the gonieros to make many rules for Bitcoin and cryptocurrencies is quite strong, now things can go depending on that, for me what can What happens is that many things can simply be generated because a lot of interest is being generated on the part of people because they are beginning to know the scope of bitcoin and they have seen this, in fact for me the governments should have a lot of bitcoin and they don't They want people to know so they don't do things like buy and change their lives, which I think is bad, but it's in their best interest to keep people in a bubble of deception.
October 18, 2023, 09:38:02 AM
We are far behind in mass adoption. Most people in the world don't understand how to secure their bitcoin or what private keys are. If they can not secure their bitcoins properly then how will they be able to use them as currencies? Mass adoption won't happen if we can not use bitcoin in our regular activities. There aren't too many bitcoin ATMs in the world so how will people use bitcoin for their daily expenses!
Maybe around us there are no Bitcoin ATMs that we can specifically find like most other fiat currency ATMs, but let's look at several countries that are willing to accept Bitcoin as payment and countries that are very brave in adopting Bitcoin, such as El Salvador. Surely the residents there will know how to look after Bitcoin and use it when they want to shop which won't even make it difficult for them at all when they want to pay for something using Bitcoin. Simply by scanning the barcode via cellphone, anyone can immediately make any payment transaction with Bitcoin if it has been accepted by both parties.
Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.
October 18, 2023, 08:05:51 AM
This is 100% true and I agree that the recent mainstream adoption has fundamentally changed the entire cryptocurrency market landscape. Experienced investors are the top choice in cryptocurrency to invest in Bitcoin, but those who are new to cryptocurrency invest in Shitcoin more and try to invest for the long term. But they don't know that Shitcoin is full of risk to make long term investment. We should understand now day by day many countries are moving forward and many countries are legalizing bitcoin and cryptocurrency. I believe Bitcoin revolution is inevitable by 2030 and all countries will declare Bitcoin legal.
October 15, 2023, 01:20:52 PM
We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.
We are far behind in mass adoption. Most people in the world don't understand how to secure their bitcoin or what private keys are. If they can not secure their bitcoins properly then how will they be able to use them as currencies? Mass adoption won't happen if we can not use bitcoin in our regular activities. There aren't too many bitcoin ATMs in the world so how will people use bitcoin for their daily expenses!
October 15, 2023, 12:48:18 PM
We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.
The reason why adoption is increasing because human kind is always looking for ways that can earn them money, and they don't leave a single opportunity that they can use to earn some money even if they have to spend money from their pocket for that, and cryptocurrency trading is one of those opportunities for most people and we can obviously see how trending the topic has become, you will hear about Bitcoin and other cryptocurrencies everywhere unlike the times when no one even knew about them.When we talk about the world and many countries legalizing Bitcoin and cryptocurrencies, I believe we are still very far away from that, because some countries and even some people will never be ready to accept the change, they will say that no matter what, they would still prefer the traditional ways of managing and keeping finances.
October 15, 2023, 09:16:56 AM
Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.
Bitcoin adoption will probably continue to increase if there are not many Bitcoin haters who appear every year, because investors and traders who especially like Bitcoin will definitely continue to use Bitcoin to invest and trade so that new people will definitely see it. This is a trigger to adopt it in the future, especially if now there are several large companies that are starting to accept Bitcoin as payment so that the good effects will probably continue to be in Bitcoin in the future without having to wait three years.The more positive things that are happening right now mean that the opportunity for significant changes to occur in the Crypto market in the future is increasingly wide open.
October 15, 2023, 08:19:14 AM
Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.
Bitcoin adoption will probably continue to increase if there are not many Bitcoin haters who appear every year, because investors and traders who especially like Bitcoin will definitely continue to use Bitcoin to invest and trade so that new people will definitely see it. This is a trigger to adopt it in the future, especially if now there are several large companies that are starting to accept Bitcoin as payment so that the good effects will probably continue to be in Bitcoin in the future without having to wait three years. 
October 15, 2023, 08:07:08 AM
Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.
October 15, 2023, 05:22:09 AM
It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC
Yes, the likelihood that SEC will approved at least one bitcoin ETF is very high and it might coincide with the bull run that we all are expecting next year, at least after the block halving.
As far as the crypto market changing, yeah, it has grown tremendously, store of value, hedge, payment system, number 1 assets right now. So the future looks very bright although there could still be anti-bitcoin in the wild, but I don't think they have enough power to stop the bitcoin revolution.
I'm not sure how CBDC though will affect bitcoin, they are not even in competition. Although CBDC is obviously from the government, it will have no to less effect on bitcoin and any other crypto for that matter.
There have been predictions that the SEC will approve ETFs before January 2024 and that's why some people predict things will be different this time, meaning the bull season will come before the halving, but I'm still doubt that. But if ETFs are approved after the halving then I believe we will have a super bull cycle.
The bitcoin revolution is inevitable, it is almost certain that governments will soon join us, but it is also inevitable that they will bring us more regulation.
CBDCs are just digital versions of fiat currencies, so there will be no significant differences that would harm or directly compete with bitcoin.
October 15, 2023, 04:01:23 AM
We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.
This is something that will very likely happen if institutional investors continue to be involved in the crypto space to make investments so that the impact will continue to spread to all of society. Maybe several developed countries and other large companies in the world have implemented payments in the form of Bitcoin and this will definitely have a quite good impact on Bitcoin because it could continue to spread to many companies and countries that have not yet legalized Bitcoin for payments. So over time it will probably continue to develop quite well.So all in all it is hard for them, but when they do get in, they get in a lot more and that makes it higher price without a doubt. I love it when during the bull run they end up with like billions from a single company going into bitcoin, makes it jump so high and not only the purchase itself makes the price go up but also the fact that they did it becomes a news and when it does become a news there are other retail investors who buy because of that as well making it go up even more.
October 15, 2023, 12:27:37 AM
It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC
Yes, the likelihood that SEC will approved at least one bitcoin ETF is very high and it might coincide with the bull run that we all are expecting next year, at least after the block halving.
As far as the crypto market changing, yeah, it has grown tremendously, store of value, hedge, payment system, number 1 assets right now. So the future looks very bright although there could still be anti-bitcoin in the wild, but I don't think they have enough power to stop the bitcoin revolution.
I'm not sure how CBDC though will affect bitcoin, they are not even in competition. Although CBDC is obviously from the government, it will have no to less effect on bitcoin and any other crypto for that matter.
October 14, 2023, 08:43:46 PM
Even though I think there could always be people who are already involved with bitcoin that gets another address, I believe that wouldn't make a huge spike, how many people could start a new address on top of the one they have all at the same time to create a spike? They may still do it, but not in bulks all together like that, there isn't a reason for that. Which means that I do believe that there is a growing interest and considering everyone is talking about how the price will change, I think its clear that we are talking about something that will be actually coming true, because way too many people are putting up their money for the possibility of something like this. Its a good sign and we should be quite glad that they are doing this.
well if there's no data regarding that then its all just speculation after all we could never know the ratio between real bitcoin investor and user and the address generated.not to mention the fact that the old address can just be abandoned therefore it means there's no strong string that connects between the two.
I think its more valid to say when there's increase in user of exchange, then the adoption increases.
that will give more valid data based on even KYC therefore its not just some rough guess but there's proof behind the relation.
October 14, 2023, 02:03:05 PM
Even though I think there could always be people who are already involved with bitcoin that gets another address, I believe that wouldn't make a huge spike, how many people could start a new address on top of the one they have all at the same time to create a spike? They may still do it, but not in bulks all together like that, there isn't a reason for that. Which means that I do believe that there is a growing interest and considering everyone is talking about how the price will change, I think its clear that we are talking about something that will be actually coming true, because way too many people are putting up their money for the possibility of something like this. Its a good sign and we should be quite glad that they are doing this.
October 14, 2023, 09:59:23 AM
It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC
October 14, 2023, 06:35:36 AM
We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.
This is something that will very likely happen if institutional investors continue to be involved in the crypto space to make investments so that the impact will continue to spread to all of society. Maybe several developed countries and other large companies in the world have implemented payments in the form of Bitcoin and this will definitely have a quite good impact on Bitcoin because it could continue to spread to many companies and countries that have not yet legalized Bitcoin for payments. So over time it will probably continue to develop quite well. Jump to: