Topic: What can we do to speed up Bitcoin mass adoption? - page 6. (Read 1523 times)
Bitcoin will be like gold. people will buy it for its value not necessarily for payment methods like fiat. I think the intention of the questions is really "When crypto will be mainstreamed as a payment method".
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.
Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it.Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
they would really be hearing it out and its true that someone wont really able to do so just because of some several factors but speaking with adoption and recognition process then it would be happening naturally.
We've seen several merchants and countries that do accepts bitcoin or crypto as a whole even though there might be some factors affecting on slowing it down which its considered normal.
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.
Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it. Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.
We all live in high inflation countries. Seriously, the cost of living has just been adjusted to an insane amount, and that's in developed countries. Poorer countries are feeling the crunch even more so. However, I do believe the potential of Bitcoin will be in those poorer countries, because its a way of getting money that isn't being restricted as much. Places like Africa I believe have a lot of issues with corruption, I'm saying that like we don't in the West, we definitely do, but to less extremes. what you're saying is Bitcoin can go up at any time, however the same is true for the opposite effect. People putting money into Bitcoin, are taking a risk even if you deem it a small one. There's a risk to it, in another thread we were discussing the possibility of sanctions, and governments banning Bitcoin, while I'm not entirely sure that would benefit them or would happen, it is a possibility that it could happen, and would effectively reduce the price of Bitcoin for the immediate future at the very least.
I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.
You do not have to do donations for it, just get it legally and you will be fine. There is no law that says bitcoin cannot be accepted as a payment of a service or a product, it hasn't been in a long long time. Just put a bitcoin accepted here and maybe if you want to give discounts give discounts and sell it with that. Then pay your taxes on that income like a regular citizen (even though we do not like to pay it) and you should be fine.
The adoption will came in when more places started to accept it, more places will start to accept it when it is less volatile or at the very least it would be easier to accept it and turn to fiat very quickly (or instantly).
The adoption will came in when more places started to accept it, more places will start to accept it when it is less volatile or at the very least it would be easier to accept it and turn to fiat very quickly (or instantly).
Spread the word about the beauty of bitcoin, remember that it's in your best interest that you talk about it and at the same time make sure that people will keep bitcoin in mind. Or if you're a business, then you can support bitcoin by advertising that you accept bitcoin and other cryptocurrency as a payment. Even just using bitcoin is already enough to help with the cause.
I still mostly hold the opinion that bitcoin won't be used by the mass majority for payments any time soon. First, they need to know the importance of BTC as a decentralized and scarce asset that you can park a certain percentage of your net worth in. We're nowhere near having most people knowing that just yet, it's mostly still that BTC is a get-rich-quick scheme.
I agree with this. Bitcoin adoption won't totally mean that it would be end of fiat money system. Bitcoin is still on its early age, although it is already known that it has withstood the test of time. But there would be so much more waiting for bitcoin in the future. Surely, mass adoption would happen, but it would take some time to be done.
People need to grasp the idea of bitcoin, its nature, and how it works altogether. They must know the advantages and its disadvantages for them to utilize it on its full potential. If people would rush things, they won't really learn and probably they would hate it if things don't go the way they planned it to. Knowing the importance and its possible benefits, they could adjust to the things they would do.
Bitcoin isn't a get-rich-quick type of scheme and it would never be. It's just so saddening that most people view it that way, which is why most have a misconception on the duration of returns. Risk management is a must to avoid regrets.
Overall, i believe that mass adoption would happen. We don't really have to speed it up as it could cause disruption instead of doing good. Transition would take time and surely, it would coexist with fiat still.
One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.
That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.
then they wouldnt really tend to touch it on the first place which is something not that surprising because this would be likely the case on where their first impressions once they do encounter or engage with it
and thats why its better not to stress out yourself on how adoption would be faster because we would really be heading on that one because lots of factors would really be affecting it.
One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.
That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.
It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.
In today's world, every customer is important and the more payment methods someone implements, the more customers they will have, which is a fairly simple philosophy. I think that in the process, many are afraid of the volatility that Bitcoin has and do not want to take risks, and are not aware that there are payment processors that act as intermediaries. In doing so, I don’t think this is the ideal way to pay with BTC, but it’s hard to imagine that it could work any differently at the moment.
As I have already given some examples, is anyone maybe for haircuts and shaving, paying in BTC of course
Well, it is through [awareness].
Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas. Even if the ecosystem has been well built .. when the one who use it uneducated properly ..
Things could get worse and the misleading theory would be everywhere.
Just like we witnessed thesedays in the crypto hype years.
Well, it is through [awareness].
Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas. I agree that adoption of Bitcoin seems to be hard without the recognition of the government but at least it's still progressing in some other places or countries.
It's actually not that easy to encourage merchants in stores by suggesting they accept payments via Bitcoin. Here unless the merchant in the shop is a bitcoin lover. Maybe once in a while, if you really want to try it won't be too risky. However, keep in mind that the rules of a country that only allow one legal currency to be used for transactions will definitely be bound by that law. Because generally in some countries Bitcoin is only considered as an investment alternative that is equated with gold, stocks, and other types of digital asset investments. So that the transaction process outside the stock exchange that has been prepared by the government is clearly not allowed.
Bitcoin mass adoption will be always be hard if we skip with the very basic and certainly, the most important thing to do first. For me, let there be recognition from the government first that bitcoin is legally adopted and fully regulated so that all merchants will be encourage to accept bitcoin as a legal payment. Not that it will replace the official currency, because that won't be possible, but accepting bitcoin as an alternative payment method. From then on, buying and selling with bitcoin will become an easy routine that will definitely help to speed up its own adoption. 
Well, it is through [awareness].
Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas. 
Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin because they learn it the wrong way.I believe many of them are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.
They don't learn the wrong way, actually, they are too lazy to learn about bitcoin.
Excessive greediness is another reason for their loss. When they see a double money-back guarantee. 3x, 4x, 5x money-back guarantee they fall into greed and invest to take easy profit, don't judge about the project and the people who behind of that and fall into their trap.
Yes, I'm fully agreed about the 2nd part, Don't rely on the Govt for every job, we need to promote bitcoin by our own way and make people aware of Bitcoin and blockchain systems.
Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin because they learn it the wrong way.I believe many of them are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.
Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
Adoption should start in ourselves and we can never totally adopt bitcoin if we remain also naive and ignorant about the facts of bitcoin. Certainly yes, having the right education should be the best start to speed up bitcoin mass adoption. By talking about crypto around you can already speed up the awareness of everyone. And bitcoin being acknowledged and fully regulated by the states could also lead to mass adoption in the future knowing its more legal and protected by the government. Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.
More education, better support, more adoption, brighter future, higher price.
We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.
Unfortunately, it used to be called a scam a lot more. I have been here long enough and during 2015-2016 it was called a scam a lot, and before 2015 it was called "drug money" and that was a sad period. Glad we are over that period now and people see it more of a legit investment these days.I am sure that just like how we have found a lot more people who think of it as a legit investment compared to 5+ years ago, we can do that again and again each 5 years and keep growing our numbers. It will not be easy or quick, but it could happen. Asking people if they accept bitcoin is definitely a great start, would definitely help getting the name out and making shop owners think they could make a good profit from it.
One way to increase adoption is for the merchants to accept crypto payment.
So for example, if you own even a small business, you can always add crypto as payment method.
In your own little way, you are promoting crypto adoption. You can also endorse this method to your colleagues and others.
Hard to target massive adoption but you can always be a part of it. Being in this market, will give you insights that are pro-crypto.
Up until now, a lot of people just heard about bitcoin but they haven't experienced transacting with it.
For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.[/quote]
My idea is that the mass adoption will be faster when big online businesses will start accepting bitcoin. Sure, it would be nice be able to pay your mechanic or your gym with bitcoin, but how many people use those services? Only those who live close by, but everybody can use an online service. If just few big players will start accepting bitcoin then it's gonna be just a matter of time before the others will follow, pretty much like it happened with big companies buying bitcoin.
My idea is that the mass adoption will be faster when big online businesses will start accepting bitcoin. Sure, it would be nice be able to pay your mechanic or your gym with bitcoin, but how many people use those services? Only those who live close by, but everybody can use an online service. If just few big players will start accepting bitcoin then it's gonna be just a matter of time before the others will follow, pretty much like it happened with big companies buying bitcoin.
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