Topic: The crypto market has changed and I think its a sign of mass adoption (Read 779 times)

Thread creation and posting by 95% of people who don't know but just want to have an opinion, that's annoying but it's still okay for me.

It's the 95% of people not even actually using crypto or adopting it, maybe just being speculator trader, and then saying big words like mass adoption. That's what gets to me

OP not even responding to me, or even to this thread, so, very clear. He just posts crap.

we cannot tabulate the adoption just because there are billion or trillion of addresses created because this can be a addresses created by thousand of people and yes having hundred or thousand addresses each of them so never just believe in how many addresses or transactions going here and there.
I also  hate thread creation from people that does not know what they are posting .actually it is not the volume for short period that we must see active but the totality of the capitalization , moving from many addresses then from that I might believe this is adoption , but if that is only based on addresses when the market is still keeping low? that is nothing but a nonsense comment.

If I read this thread, it seems that what is meant by mass adoption is the increasing number of Bitcoin users or the increasing number of people coming to invest in Bitcoin. It seems like everyone has a different understanding of this term, but that's not a significant problem. but whatever it is, I'm happy if more and more people come to invest because the limited total supply causes bitcoin to become increasingly scarce and the price to increase.

Maybe be easy to see the market Cap and Volume/Market Cap (24 hours) in CMC. If we check users by looking at the wallet, it might be a bit complicated because some are active and some are not. What is certain is that adoption has occurred and society is also starting to respond, although currently not in its entirety.

Well if addresses are the basis of growing then i think we are in the wrong path because a single person can have dozens or hundred if not thousands of wallet , some are just for single use(in which will surely show flow of funds) while others uses for multiple occasions.
I believe that we need to understand that the adoption will come when people are starts creating a wallet to use permanently and if that is the chart saying then maybe I will buy the idea of we are now in mass adoption.
but if not then lets look for another option on how to check who are adopting and how large they are now.

What's mass adoption to you? Addresses? I've used maybe 1000 addresses, most likely more. I use 1 a day, probably more. Count altcoins and I use maybe many thousands.

Exchanges? Every deposit new address.

And is 100000 people trading mass adoption when no one has private keys?

Bitcoin attracts the attention of more and more people every day. Those who are curious about Bitcoin are researching and investing. What you say about mass acceptance may be true. It may not be that easy to reach everyone. If states officially accept its use, this process will accelerate further.

Even today, no system can be said to have reached everyone on a mass basis. I can't think of a system that could achieve this. Therefore, what we mean by mass adoption may be reaching people who can use Bitcoin.

We can’t hold the people from using bitcoin as a store of value or an investment tool, or just use it as a currency, because we have different views about bitcoin and as long as we continue to benefit it in whatever we can, then it’s fine. Mass adoption of crypto does not mean necessarily that we should use it as a currency since it’s how its originally designed, but the fact that we continue to use it for the good sake of majority, and we acknowledge it because of its huge potentials, then I am optimistic that at the end of the day, mass adoption for crypto will be highly possible.

I came here last year and from that time till now I have seen and experienced a tremendous increase in the blockchain. I am well encourage with the number of people tripping into the system every day. But one thing for sure even though there massive adoption of bitcoin there will be a limitation of it because those who are not educated, those who have not gone to school who can't use bitcoin for transaction, can't adopt it because their faith might not strong enough to deal the risk involved.

The four years cycle of bitcoin is an occurrence for the 4 years period and I have not experienced it before so this will be the first one to be experienced. And I believed that after this cycle the mass adoption of bitcoin by countries will take place in the whole world.

To overcome inflation with Bitcoin may not be appropriate because there are many factors related to the government's internal and external policies in dealing with the country's inflation. If the local government's role is still wrong in tackling inflation, investing or purchasing BTC, even to the point of determining BTC as the main currency, it will actually add new problems for the country and even its people.

Apart from that, if there is network congestion on the BTC Blockchain which causes transaction costs to rise, it could also pose a big dilemma for the country, which could cause economic congestion.

Maybe if it were just an alternative, Bitcoin would be able to fill this void and be ready to be adopted as an alternative in various fields in every country in the world.

Dont talk about impossible because we do know that future isnt really that known or something that could really be seen forward. Yes,they might be that #1 as of this moment but its not something that having that assurance that it would really be remaining forever and this is why it would really be always better that you should really be that prepared for whatever flipping that could happen and we do know that and we've seen that there are really coins which had been overtaken by something new or something better. This is why it would really be just that normal that we would really be that assuming that it could happen
again into those current coins that are sitting on the top rankings. Possibilities would really be always there and it would really be just that so normal that there would be possibilities that it could
happen on next BR or cycle.

It would really be that survival of the fittest or into those projects which are really that having that kind of demand and this is something a normal approach.
Adoption and recognition is really that inevitable and it is really just that right to assume that price and overall marketcap would really be continuing to increase.

There is no doubt that bitcoin is number coin because it never make its holders sad and will never do that. Every year its value is increasing and as next year there is a halving happening so next year price will be even more than this year. Altcoins on other hand are not so beneficial because sometime there is a possibility that your selected altcoins will give you reward or there is also a possibility that your desired altcoins will loss its value and will be unable to offer you any gain.

Newly launched meme coins should not be accepted easily because they can easily reduce your money and if the creator is saying that it is not guaranteed to be profitable then how we can trust it. Meme coins are not always beneficial so try to avoid it and select bitcoin if you can afford it.

I have the best reason - it is because most meme coins are created to make their developers rich quick. Many investors are trapped and they only have high hopes of getting rich by investing a few tens or hundreds of dollars in it - but I'm sure some of them already understand what the consequences are.

But it's worth going back to the initial discussion which in reality didn't address the specifics of altcoin. OP has currently been banned - so I'm not sure if he will still read discussions in his thread with the same account or if he will do it with another account ^{[ban evasion].}

DOGE is my favorite memecoin and gives me profits when it reaches ATH. unlike other memecoins that will disappear in a while. DOGE is lucky to have fans like Elon and will continue to be pumped when Elon mentions Doge. now if memecoin doesn't launch utility then it will just end up being abandoned and not developed. It depends on how innovative the memecoin is.

Many people don't have a clue what's happening in the world about crypto and Bitcoin, like this sh** is getting popular almost everyday now, I was taking a bus from my home to a family friend place yesterday and four people in that bus are discussing about Bitcoin, and strangers are even adding it up, like one said he need to get Bitcoin before January and he claimed that his daughter has been telling him to get it fast.

I pretend as if I don't know what Bitcoin is but seeing the sight of this makes me felt proud on the inside, I was like yes I have been into Bitcoin for the past years before you guys, I stopped promoting Bitcoin some while ago because most people in my area don't care but getting out of my place make me realize that I was wrong.

The news about ETF approval is even adding more fuel to the fire, because this is what the stubborn investors are waiting for, once the ETFs get approved that's when some people will have the confidence to start buying Bitcoin, some people do like following their centralized leaders decisions when it comes to money, especially those in stock investments only, now things will change.

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

Dogecoin is one of the best meme coins so far. Doge has been around since December 6, 2013 - this coin is still going strong and is very popular today. Of course, not many other meme coins have survived and thrived like Dogecoin - so I think investors should still be careful in making investment decisions.

I don't know how many meme coins will survive the meme coin list here - but Dogecoin could still be the one most likely to survive for a long time. Dogecoin is the only meme that has a $10,223,456,793 marketcap currently with a total trading volume of $1,235,833,878 as of the last 24 hours. If you are interested in the coin meme list - then review it in full here:

All meme coin list: https://www.coingecko.com/en/categories/meme-token

But these users will learn their lessons quick once their meme coins or tokens are being abandoned by the devs.
Because up until now, very few type of this coin survive long term in the trading market.
And usually, their developments is very slow or nothing at all, hence, you can't expect that they will improve thru time.
This is why a lot are still going back to btc once they got burned by these projects.

Meme coins are there and they bring some negative points to cryptocurrency in their game against fiat. Bitcoin on the other hand does not need that publicity or the flashy apps and ads to market itself, its prices forces people to start buying it.

For those who are in it for quick gains the chances they will shove BTC aside and go for memecoins is way more and these people are the majority of newcomers and the future outcome is that they will fail. But the other group is here for long term and that with bitcoin - these people help in the adoption and growth of price.

Unlike fiat in which literally the government forces you to accept their printed currency or face the consequences, people adopt bitcoin for a myriad of different reasons but at the end each one does so for their own personal benefit, this is what makes bitcoin different, so if we want global adoption to happen then we need an economic event that puts in doubt the current economic system and people adopt bitcoin as a way to protect themselves from the effects of such event.

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.

We dont need that economic collapse before we could really be able to see such mass adoption. We do know that adoption and recognition do keep on moving forward even though it might really not that fast as we anticipated considering that not all places in the world would really be having that kind of positive approach towards Bitcoin or crypto as a whole. This is why adoption rate wouldnt really be something that could be forced through. Just let those movements and recognition would come in place on the right time and it would really be something that evident on the time that it would happen. Crypto market had changed?
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.

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.

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.

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 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.

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.

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.

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!

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.

Indeed if you look at the current development of Bitcoin, it is increasing, positive news and also several large companies that have accepted Bitcoin as a means of payment have made many people start to believe in and use Bitcoin, making it possible that in the future more and more people will adopt Bitcoin whether it is used or not. for investment, trading or even just saving to secure assets for the future.
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.

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.

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.

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.

Yes, that is right; it is harder for them to get in compared to us, because we can buy some right now if we want to and there is nothing that can stop us, but it is harder for them since they are huge companies and buying it would require a lot of executive decision making and that means a lot of paper work so it takes time, it is not like CEO says " we are buying bitcoin" and 30 seconds later they have bitcoin, that is not how it happens, sometimes takes longer than a week for it to happen.

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.

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.

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.

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.

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

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.

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.

I do agree that it is going to be clear that people are going to invest based on the historical pattern, but also the main reason will always be the lack of supply to an ever increasing demand. We are in a world where bitcoin gets more and more popular every single day, it is just a fact, look at how many people ever own bitcoin 10 years ago, look at 9, look at 8 and so forth until today and you will see that there are less and less people who are not in the market.

This means that we need to arrange something that will benefit everyone on the long run and keep it going. This is why I believe that we need to arrange something that we can hold for as long as possible and the increases will definitely benefit us on the long run. This should be important because it manages our future and sure maybe the real reason why it is going up is not because of historical pattern, but they could think of it that way and we would definitely be getting a good result from it.

I do not like to make that distinction either, people are either using bitcoin or not, whatever use they give to bitcoin is not my concern, what we need is for people to begin to use bitcoin in any way that benefits them, and if for some this take the form of an investment or as a trading vehicle that is fine, since once bitcoin reaches enough people and it is adopted by them the easier it will be for those people to make the transition and begin to use bitcoin on their daily routine.

That is a risk but we need to accept everyone as the yare, as long as they get into crypto. I do not care if a person uses it like money, as in currency, or use it to store value, or use it for investment, or use it to trade. None of this matters to me, as long as people are using bitcoin one way or another, I find that as a good thing for the crypto world and should be as good as it gets. I get that it may not be all that simple, and maybe we will end up with something that could change it for a while, but we should definitely get something easier done later on.

This could be something that will benefit everyone, but for that to happen we need to be able to get a greater return. So if the price goes up, then the adoption will increase, and I mean adoption as in everything I talked about, including investment. If that could go up, that would mean that we are going to end up with something that should benefit everyone equally and get them a chance to like bitcoin.

thats true, quite literally everytime there's exchange user just registered they will be assigned an address too but thats only very small portion of the addresses generated.
most of the time I think its coming from the autogenerated address by various platform that always try to use unique address that hasn't ever used before by generating an address instead of using existing ones.
definitely has no correlation towards the price, the address generated could be 1 million a day, but the price can stay the same.
there's so far no clear indication that anything have something to do with the value other than the demand itself.

By my understanding of mainstream adoption, I wouldn't say cryptocurrency have achieved that; we are still far from it even though we have made remarkable progress in terms of awareness.

I will be comfortable to say cryptocurrency have achieved mainstream adoption when it becomes legal tender in several jurisdictions and readily accepted in various merchants and businesses across the world. This will come when there are innovations that make cryptocurrency attractive and a better alternative to conventional way of doing business.

I'm seeing a number of spikes in terms of addresses on that chart that don't actually reflect on the price. It's not just the spike during the $15,000 bottom last year. There's also that spike of the number of addresses in the second half of 2016, but the price didn't move accordingly. There's also another one in 2022. And then another in 2023. So I don't think there's really a solid basis to conclude that a spike in addresses means a growth in price. At the end of the day, a new address doesn't equate to a new user.

The majority of people still think that crypto is a get-rich scheme, so when it doesn't produce the profits they were hoping for, they decide to avoid it or label it a scam.

This time around, when people talk about the approaching bull run, you'll see people investing in altcoin in the hope that it would make them wealthy while forgetting that not all altcoins will experience a sharp increase in value during the bull run.

It is so awful that we still have people in the crypto space, who do care about investing in altcoins more than they invest in bitcoin.

It just now when people had already appreciated the movement of the market and its huge profit. The more it talks on social media and those people who have shown their wealth upon investing in Bitcoin, the more it drags attention and courage. But for me, it was not what we called adaption because people's interest is not about accumulating and using this as a currency but solely for investment purposes.
We can see huge demand as the corrections start and they soon be selling off their coins to make a profit and so the dumps started again.

This is what I have said before day by day, a lot of people, new people are being introduced to Bitcoin, and new people are starting to use Bitcoin or own Bitcoin.
That's why our market continues to evolve, some fundamentals before could not be effective anymore in the future because of a lot of factors to consider, like the major is the volume and adaption.

I have seen some sustained growth in certain crypto use cases. The crypto bubble of 2021 might have burst but this time more people got accustomed to the technology and have kept using it since.

People keep using crypto debit cards for their cashback. Many people still use DeFi to hunt yields and I've heard many of my friends use crypto as a payment method over time. One primary use case is ease of payment between countries and especially for services hosted in countries that might be affected by sanctions. For instance many of my friends have at some point needed to purchase followers or likes for their online profiles. These services are mainly provided in Russia and even though it's not illegal to purchase virtual services and goods from Russia as an individual, visa, mastercard and SWIFT sanctions make it really hard to buy stuff from there. So bitcoin suddenly is a much more realistic option.

But to say that a slight increase in usage is mass adoption? Nah... If you live in the west it's still much more convenient in 99.9% of occasions to pay with a debit card...

There are some seasonal mass adoptions like when a country accepts Bitcoin thus revitalizing its investors to invest in Bitcoin ventures like creating companies that do cryptocurrency services t this mass adoption may not happen on a regular basis but it did once in a while especially when ther is a huge news about Bitcoin  being accepted by a country or being integrated by large company.


The thing is there nothing can please everyone, there will always be opposition especially when someone tries to hold onto their old beliefs.  Bitcoin is the future while these people who keep bashing Bitcoin are trapped in their old ways.

You're not talking about Peter Schiff are you? If you are, bashing Bitcoin is just his schtick, it gained him a lot of popularity (there's no such thing as bad publicity) and he will never change his tune.
I don't think there is a dominating negative sentiment among the retail investors. If anything, I'd say the sentiment is more neutral. Since there's no dramatic price action, there's little coverage outside of the crypto-sphere and people move their interest elsewhere. But they're likely to be back when we see the price going up consistently.

I agree with your point of view. Today I saw an influential stock investor claim, "Bitcoin is the biggest fraud in history and it is going to zero". There is still negativity about bitcoin in the market. The FTX scandal and the Luna crash made things worse. The market manipulation could be its all time high because of those gigantic asset managers who applied for bitcoin ETF. They have the assets and power to influence the market in their favor.

Regarding massive adoption, it is likely that it is happening, but I don't know if throughout the world, many enter the bitcoin and cryptocurrency market for the need to make money, because they know that with the options of making money through fiat money Centralization is completely controlled by the banks, you cannot earn a lot of money, unless you are a great slave and that is not what you are looking for, I have seen many people who have been working in a company for years and when they leave they cannot buy themselves. not a house, not a car, nothing, so why do you work like that? Options must be sought, that is why it is adoption and governments have realized these things, that is why they are pursuing the goal of regulating everything related to bitcoin and cryptocurrencies.

I completely agree with OP but I think its observable. I can remember Bitcoin getting mentioned in deadpool movie (not exactly mentioned but logo shown as far as I remember) and everyone was like wow. Now Bitcoin is everyday life thing. I see it around local and global finance news all the time. I see people debating on it at all kinds of tv channels. it's really mainstream now. It was like hidden basement project of college student in past compared to global world issues. And I am also totally bullish.

4-year cycle theory is not related to it being a historical event, but rather a clear variable in supply. Since we assume that demand increases continuously, it is this sharp decrease in supply that leads to a change in the price and the accompanying rises. If we consider that the bottom price will be the average Bitcoin mining costs. We will find that the bottom will be around $30,000, and the top could be 5 times that, which means that the new ATH will be $150,000, which is what many expect.
This means that the average price for the coming years is $60,000, and from here we see technical analyzes calculating Bitcoin price cycles based on four years or a historical cycle.

Mass adoption doesn't mean the price is now going to rise consistently but of course there are still bear markets along the way because most people came here for one purpose and that is to earn a profit. A bigger dump will still mean that the adoption is already higher than usual.

It's normal that many people will get attracted to enter when the price is getting bullish. They are FOMOing in short but this is a bad practice because they can get caught up with a bear market. Mass adoption isn't only about the price but what important here is that many people are now aware and are using cryptos. Things are going to be easy this way for us old crypto users.

Mass appeal yes and its true alot of the world now know of this product in their potential selection.  If we want to say adoption then then this is not something dropped and unused, it would be more constant then that.  At present people use then stop using BTC which isnt what I'd argue as adoption so much.   We probably need for people to get interest or some reason to hold onto BTC to a greater extent then they do already.
  My take on BTC progressing would be it occurs to a small extent by accident, there is the pocket lint argument where whatever you use you always retain a little bit by accident.  So far thats more like whats happened (in mainstream not talking other more digital based people) but its still a positive despite being a very dismissive description, I do think by accident people will increasingly use & retain BTC then reuse but its far slower then this mass adoption dream scenario sadly.   Still a long way to go yet.

The seeds to identify long-term Bitcoin holders seem somewhat obscured at present. However, I believe that many major institutions or individuals with substantial BTC holdings prefer the long-term investment approach. In terms of individual quantity, they may indeed be overshadowed by small investors seeking quick Bitcoin gains every day. But in terms of overall value, the disparity is glaringly apparent in the amount of BTC they possess.

Estimating that only 5% of long-term Bitcoin holders exist appears overly conservative. It might more realistically range between 15% to 20% of the total holder population.

Even that's a good thing, it allows people to see it in a different light and should be giving us a better return. I know that it is going to take time for adoption to grow to a level where we feel comfortable just spending it, but that doesn't mean that it is going to be all that hard.

Best thing to do in this case would be making sure that you are doing a good job and should not be all that increasingly hard. People may see it on a different light when the time comes but until then we should just raise the awareness and also make sure that it is in a good way for something that is good and not a bad thing.

Sometimes life is harder than we assume and if we keep it down and not even try because it is a hard thing to do then we would achieve nothing. There was a saying anything worth doing is hard to do or something like that, so yeah it will be hard to handle it and there is no doubt about that but the adoption will go up more and more eventually for sure.

Governments are implementing methods to inform their citizens about Bitcoin. Universities are also used for this. Information about the crypto world is given in what we call student clubs at the university. In the country I live in, some crypto exchanges sponsor soccer teams. This allows Bitcoin to be seen by more people.

After the last bull season in crypto, people have become more knowledgeable about crypto. Especially when people saw the potential of Bitcoin, they started to adopt it more.

Almost no one, because ordinary people will start talking about Bitcoin only when mainstream media talk about it, and that will only be when for some reason the price starts to rise. We have to be honest with ourselves about some things, and that is that at least 95% of people who know anything about Bitcoin see it only as an opportunity to make money, and they don't want to invest in the long term, but are waiting for a sign that a big bull run has started.

I don't agree that the guys from Wall Street think that Bitcoin is dead, because they still know something about all this, and I'm sure that they follow very closely what is happening with the spot BTC ETF. In case of approval, I'm sure they know very well that it would be a very good opportunity for a quick profit.

I don’t think it’s mass adoption. How many of your friends are talking about bitcoin now? On wall street bets even everybody there thinks bitcoin is already dead.

This might be accumulation by the big whales but it’s not mass adoption of the retail public. That usually happens during smart bull markets when bitcoin ATH is broken and everybody rushes to buy bitcoin.

How is this a sign of mass adoption if the address growth only spikes during the peaks of a bull run, and then returns to normal? The chart shows that the grows rate goes up quite slowly, while the term "mass adoption" could imply exponential growth.

If anything, it's even a bit depressing that the spike of 2017 bull run is bigger than that of 2021 - not what you would expect from 4 years of mass adoption.

Even Joe Rogan is now saying that Bitcoin is the best chance at a global currency. I think it won’t be long before we see another bubble type scenario in Bitcoin’s price. All the stars are aligning for 2025 to be another bubble year with gains that surprise the hell out of everyone. After the last cycle, we’re overdue for a monster rally.

This is something I have been noticing more lately, years ago it was unheard of to see people talking about this market or wearing a shirt with a bitcoin logo, but I have noticed this has changed and it is happening more and more often, however to my surprise meme coins are the most common topic of conversation I hear related to this market, so I expect that during the next bull market useless coins like that will perform great for a time only to collapse at an amazing speed, and most of those people will lose their money and even the interest they had on this market.

Especially ahead of the 4th Halving next year which makes Bitcoin always an interesting topic to discuss because we are close to the most anticipated moment that will make the market experience a bull run like the previous halving.

But will it happen according to past history?
Or will there be many changes that occur?
You can see now that many are speculating about the average Bitcoin price reaching $100k and above and even in the next few years reaching million-dollar prices.

That's pretty wild speculation and it also doesn't seem to make sense at a price of millions.
Mass adoption hasn't fully happened yet, there are many who oppose and give half the regulation that doesn't really support bitcoin or crypto.

Exactly and our own government is already making a move to slowly adopt crypto and they are hosting multiple of events already just to inform the public to be more safe in the world of cryptocurrency. This is a difference situation now and we are on the stage of adoption, sooner or later those who are agains this before will start to adopt or else they will be left behind by their competitors and their business will be in trouble.

A lot has changed. I think those optimistic enough all agree with that.
Soon, it will be better and it's not just about the price anymore but the value of Bitcoin as both asset and currency. Young people also tend to bump into Bitcoin because it has been the talk ever since the Grayscale won against the SEC with the Bitcoin Spot ETF approval. All we need is patience before the SEC will give up and let it in.
There's probably a fear of missing out also happening and this could be one of the reasons why many addresses are suddenly being made and it's given considering how much impact this piece of news could have on every crypto enthusiast.
They are getting ready and it's better that way than to miss the boat and be left out one more time.

Rather than expecting worldwide mass adoption of crypto as legal tender, I would prefer to see how likely countries with strong economies are to adopt it. The real use case of bitcoin as a currency is still prohibited in a large number of countries, in fact my country also still prohibits it. It will take a long time for the government to change these regulations, but it is not impossible.

Global adoption of crypto, especially bitcoin, may be inevitable if demand is higher. The government certainly has the power to prohibit it, but if they get something promising from adoption cases then I'm also sure the government will change its regulations on adoption.

Well, it may be a sign of mass adoption but I am not as optimistic about it as the OP. When the bull market started in this cycle, it was called the institutional adoption cycle, and it looked like companies were going to do mass as MSTR. In the end it has been the but cycle in terms of percentage returns. I think mass adoption will come, but it will continue slowly. I don't think the spike in addresses will be a determining factor.

I would not call it "adoption" in the literal sense of the word, but only a certain type of awareness that there is a certain form of investment that in a very short time (several months or one year) can result in significant profit. I think that the famous four-year cycle has spread so much among the masses that most people believe that it is a done deal and a sure profit.

It is obvious that some bet with the conviction of a sure profit and that the accumulation time is still going on, with the fact that the majority will still very likely join only when they are sure that the new big bull run has started, and if there is no super good news before halving, such a bull run should not be expected before Q3/Q4 2024.

I kind of hope that in that case the price will rise by 50% or more in the next ten months, which would mean that in the next big bull run, we could start from a position of at least $40 000 for 1 BTC.

Definitely time has changed. Bitcoins when it was initially launched, it was hated by the masses. Many didn’t know about its existence at that time. But now, everything has changed. This all happened due to the record breaking ATH price that Bitcoins achieved in 2019-2020 time. More people came to know about it and saw opportunity to invest in it. Now definitely the mass adoption will happen, as they will try to accumulate more Bitcoins and will sell at very high price when the demand will be high.

As more centralized services integrate Bitcoin into their platform and lots of new exchanges get approved by the governments of different countries, there is no doubt that the popularity of Bitcoin is ever-increasing.  Although many of us are not fond of centralized services, they are the major factor in why there is a huge amount of adoption happening in the Bitcoin industry.

With the establishment of a centralized platform integrating Bitcoin, there are more entities that promote Bitcoin which in return helps the Bitcoin industry proliferate, penetrating different areas and audiences.

Crypto is no longer just a niche topic for tech enthusiasts; it is now something that is being talked about by people from all walks of life. The progress that has been made in recent years is remarkable, and I believe that crypto mass adoption is inevitable. I am excited about the potential for crypto to democratize finance and create new opportunities for people all over the world, making it a more equitable and prosperous place.

I agree, we just go back a few years ago and there was like a lot of negative news saying that Bitcoin is going nowhere but to the pit, and then so on. But look when the adoption rate has grown and the media has been reporting about financial institutions adopting Bitcoin and investing in it. The fact that the market has changed and many institutions came in was like the trend on the 2021 bull run and it shall continue with these ETFs once they're all or most of them approved.

I reckon, true that when Bitcoin has popped again the news and then they're seeing that the price is increasing and seems unstoppable, they've got no choice but to accept and adopt it lightly as it can help each country's economies to have another source of taxation. Maybe the CBDCs are foreshadowing of it.

Yeah, you are right. If the bitcoin price will pump and be like thousands of dollars today, the government will start viewing it as something they will need to engage themselves in because of these people in political powers that are disagreeing with bitcoin, are very wealthy, and are ignorant of bitcoin. That is why most of them are still discouraging their citizens from adopting bitcoin. That is why I also support the idea that if bitcoin hits some huge amount of money in the market today, they will embrace the currency as they are the ones that discouraging people from accepting. I believe it’s hit the amount you are thinking we are going to mass adoption in the history of bitcoin.

though we can't say this in general to the global population but the population going into this crypto market, is indeed increasing day by day. it may not be big as compared to the world population, but more and more stakeholders are trying to participate in this market.

The first time a lot of people heard about crypto it was mostly about an altcoin. This is due to the marketing of these altcoins. They spend a lot in marketing and they know how to recruit people to their cause. Some people do not understand how it works but they have wallets and a particular coin in them just because it was sold to them and made to believe that it would make them rich.
Every day I see new coins that are being marketed on my X (twitter) timeline.

The popularity of crypto skyrocketed during the last bull run. In that period all people could talk about was crypto and how it could make them rich. The dip happened and a lot of them separated themselves from crypto. This is mainly because they either invested in the wrong coin or didn't have a clear idea of what crypto is.

The crypto market always appears of high relevance because of the importance it serves to the financial economy, there have been diverse opportunities coming in through this, investing in bitcoin is one of the greatest choice to make in cryptocurrency, when the market goes volatile, then it brings in the openness to make profitable investment a reality on every investors, the value placed on the cryptocurrencies are base of their important roles, market cap and volume altogether with the demand and supply rates, bitcoin top the leads in this regard and is the people's best and most preferred digital currency.

Government wont really be going into the verge on being forced on accepting crypto into their vicinity.It would really be depending on various reasons on which they would really be making out such consideration
but in overall they would really be always having the final say on how things should really be that taken and we know that government doesnt really like decentralized things on which it would really be that so common that they would really be that rejecting the overall idea and acceptance of it due to that particular reason. Mass adoption? It is really that something inevitable because we are still a decade+ on existence but we could really
make out that comparison in between adoption rate and recognition in between those early years upto this present.

Talking about its existence would really be that more rampant specially if the market would really be making up some noise specially on bull run season. On the time that they would be hearing out those
people who do make money then this is where people do usually jump in. Its not really that something unavoidable because human beings do really get attracted with money making things rather than on utility. 
Charts dont lie and we do really see those significant jumps and indicators about huge buys but we cant really point out that those are really that made up by tons of people or simply a
whale move.

So, if I understand correctly, the "Entities Net Growth" (orange line) represents new addresses (to which some deposits have been made) and not total active addresses?

It has got to be in relation to some events outside of normal market activities. Maybe people getting spoofed by FTX or Binance troubles and moving funds away either different exchanges or to non-custodial wallets? There's no way this is an organic growth.

Last few years I have been over hearing people talk about crypto/trading/altcoins/exchanges in public transport and when I first came to this forum, it was nowhere present here. So defenitely people have become more aware and knowledgeable about crypto and its use.

But bitcoin
If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

As much as we would all like to give the impression that the cryptocurrency market can be predicted with certainty using numerous theories, such as the 4-year cycle theory, which is meant to anticipate both bull and bear markets. While all of this has historically been demonstrated a few times, there is no denying that the landscape of the entire cryptocurrency market has fundamentally shifted as a result of this recent mainstream adoption.

And given that most people today have heard of the term "Crypto," it would be ridiculous to apply the same sets of regulations to a Crypto market that was previously only known to those who invested money in it.

The growth of new entities (Addresses) entering the cryptocurrency market can be seen in this chart, and it is obvious that each spike corresponds to a bull market. However, one thing stands out, and that is the enormous spike that occurred during the bottom of the $15k bear market last year. This spike even exceeds the bull market's 2021 level.

This is tremendously bullish, showing the first signs of true broad adoption and how far cryptocurrency has come that we can even experience such euphoria in the midst of a bad market.

We can also see this when we consider the practically constant "Bitcoin" trendings on Twitter/X and that even in current bear market, suggesting that the cryptocurrency environment may have actually altered to a point of no-return. Regardless of the short-term pricing, cryptocurrencies have really become a topic of conversation for individuals every day and I think this is something we all agree on.