the adoption is happening like always. it is the slow rise with more people finding out about bitcoin and starting to buy it and that is ongoing.
what you have in mind is not adoption, it is more like an enthusiastic and sudden surge of investors in the market buying bitcoin like mad men/women feeling left out and causing a bubble to form every now and then.
that will possibly happen next year or as soon as price reaches the ATH (ie $20k).
Topic: The next Bitcoin adoption wave, where do you see it? (Read 152 times)
How about some renewed interest in Russia? I have no idea how large their influence would be on a global scale, but I do think it's possible that we'll see more adoption there.
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
If you look closely at what he said, you might notice that he used the word "Blockchain" and not Bitcoin. This is done on
purpose, because it opens up the possibilities for them to use their own "GovCoin" or even another Alt coin. I also know
Putin had some discussions with Vitalik {Ethereum}, so I would not be surprised if Russia goes for Ehtereum and not
Bitcoin. OP, I think Africa is going to be the next wave.
The first wave of adoption happened in 2013, during the Cyprus crisis, when the EU insisted that bank deposits be confiscated to bail out teh banks. Some people lost everything.
There are loads of dodgy banks in Europe, especially in Italy - so if they have another banking crisis, expect people to switch their money to bitcoin to keep it safe.
There are loads of dodgy banks in Europe, especially in Italy - so if they have another banking crisis, expect people to switch their money to bitcoin to keep it safe.
So I have been thinking about this for some time now, we saw a huge wave of new adopters last year, mainly private people buying through say Coinbase, Bitfinex and Bitstamp. We also saw an increase in demand from South Korea and Japan.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
I think it will be so hard to especulate since there are many investors out there and all are anonymous. But i guess the next big phase of the curve is the uprising of cryptocurrency which will demand bitcoin to be the main currency of their platform. Maybe more traditional company will be crowdfunding to be able to catch up with the ever growing economy of cryptocurrency or digital world.
This might be too optimistic for me, but I would say: merchants.
Should the Lightning Network be successful, Bitcoin will be the talk of the town again, and businesses will want to capitalize by riding the wave; the entire network is built upon the promise of low-fee, instantaneous payments, after all. This will spark higher adoption and will lead to Bitcoin being considered a serious mainstream payment option.
It's optimistic, and it hinges on the Lightning Network's success, but that's what I think anyway.
Should the Lightning Network be successful, Bitcoin will be the talk of the town again, and businesses will want to capitalize by riding the wave; the entire network is built upon the promise of low-fee, instantaneous payments, after all. This will spark higher adoption and will lead to Bitcoin being considered a serious mainstream payment option.
It's optimistic, and it hinges on the Lightning Network's success, but that's what I think anyway.
So I have been thinking about this for some time now, we saw a huge wave of new adopters last year, mainly private people buying through say Coinbase, Bitfinex and Bitstamp. We also saw an increase in demand from South Korea and Japan.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
It is really hard to say when the next adoption cycle would begin as it depends on many factors and not only on the price. Last year in December, we have seen a lot of people investing in bitcoin because mainstream media was showing interest in it. The exponential growth in bitcoin's price caught attention of mainstream media houses and they started making stories on bitcoin. So that was the reason a lot of private investors flooded the market from all over the world. Now who had invested that time at the peak price, they all are seeing heavy losses on their Cryptocurrency account.
So it is really hard to say when the market will see another influx of new investors. Probably when few more countries will legalize bitcoin, then we will see such incident happening.
The next adoption is governments are accepting crypto currencies so we are getting ready for the fiat currency system in the near future where we can ise crypto currencies as direct means of payment no need to convert them into USD ,I hope this will happen by 2020.
How about some renewed interest in Russia? I have no idea how large their influence would be on a global scale, but I do think it's possible that we'll see more adoption there.
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
I am not sure, but I think people overestimate Russia, I do agree however that India and maybe even china could be a catalyst.
Also, thinking about it, all these government "ICOs" by Venezuela are a very good sign I think. As any exchange can list the currency and allow people to convert these worthless tokens to better ones say, Bitcoin. Thus opening the gate for the whole population to adopt this new technology.
Thinking that many governments won't realise this when launching these new "E-Currencies".
I'm not sure that I agree with you that these government ICO's are a good sign, specifically in the case of Venezuala's Petro.
Petro is essentially a dictatorship issued crypto, backed by Venezuela's oil reserves. People there can't even use their own currency (Bolivar) to buy into Petro.
I'd like to see other countries develop their own form of crypto-currency, hoping they'd do it differently than Venezuela.
Some reading material on Petro:
https://www.bloomberg.com/view/articles/2018-02-25/venezuela-s-petro-cryptocurrency-won-t-help-debt
https://www.bloomberg.com/news/articles/2018-02-22/venezuelans-unable-to-buy-maduro-s-cryptocurrency-with-bolivars
From the second article:
Quote
Investors will have to overlook confusion about how the currency will operate. The white paper says the Petro is built on the Ethereum network, while the user guide the government published says it’s on the Nem network. There are also questions as to whether the $735 million raised so far touted by the government is true, as the public Petro blockchain shows inflows for about half of that.
How about some renewed interest in Russia? I have no idea how large their influence would be on a global scale, but I do think it's possible that we'll see more adoption there.
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
I am not sure, but I think people overestimate Russia, I do agree however that India and maybe even china could be a catalyst.
Also, thinking about it, all these government "ICOs" by Venezuela are a very good sign I think. As any exchange can list the currency and allow people to convert these worthless tokens to better ones say, Bitcoin. Thus opening the gate for the whole population to adopt this new technology.
Thinking that many governments won't realise this when launching these new "E-Currencies".
I believe that the post correction effect itself is the adoption wave and it will take place within next couple of months, most of the investors love stability and when we were having massive price rally, it was expected that there will be a correction soon and then investors started liquidating their Bitcoins, now since correction is about to over, I am expecting investors coming back and investing in Bitcoin again.
How about some renewed interest in Russia? I have no idea how large their influence would be on a global scale, but I do think it's possible that we'll see more adoption there.
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
Putin recently called for regulations of crypto, but without prohibiting them.
Source: http://bitcoinist.com/vladimir-putin-endorses-blockchain-russia/
I'm curious to see what other people think about this...
I am of the opinion that the current wave is ending, and a new wave will begin in the coming months.
So I have been thinking about this for some time now, we saw a huge wave of new adopters last year, mainly private people buying through say Coinbase, Bitfinex and Bitstamp. We also saw an increase in demand from South Korea and Japan. So the question is, what is the next phase in the adoption curve? Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
Frankly speaking, it will be so hard to speculate on where can the next volume of adopters be coming for Bitcoin market. But I partly agree that there can be an increase of approved ETFs this year and this time many can be coming outside of USA...so this can be the way for institutional money to come in. Still, I am inclined to believe that the biggest bulk of new players wills till be coming from many individuals especially from newly opened counties. Hopefully, Bitcoin can gain legal status in India and Russia which can create an avalanche of new Bitcoin owners and hodlers.
So I have been thinking about this for some time now, we saw a huge wave of new adopters last year, mainly private people buying through say Coinbase, Bitfinex and Bitstamp. We also saw an increase in demand from South Korea and Japan.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
So the question is, what is the next phase in the adoption curve?
Some speculate that we'll see ETFs being approved and thus allow pension funds and major institutional money to flow into Bitcoin, others say we'll see governments buying into Bitcoin triggering a financial arms race.
Jump to: