What stage of adoption is Crypto currently at? - page 8.

wandino

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Quote from: OmegaStarScream on January 23, 2018, 08:35:51 AM

We're definitely getting there and exchanges (Binance, Poloniex, etc.) closing registration because they can no longer handle more users is a proof of that. I say we give bitcoin one more year, after that, almost every service will be in the process of adding it as a payment method (assuming that we will have LN stable and working by then).

The early adoption stage has passed, so this could be like early majority that will be followed by late majority.

diwataluna

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0x864E3764278C5EB211bF463034e703affEa15e4F

I think we are pre-adoption stage still. The massive number of exchanges is like the dot com selling boom. There will be resistance and doubt and bumps, as with impending regulation. But that is the path for new technology. The dot com bubble burst but now we can't live without online sites. Same with cryptos.

playboy654

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We are in the stage that crypto as an asset not currencies yet because of that crypto currencies are too volatile so people are using crypto currency for just money making purpose,but we need to adoptto the crypto currency system slowly so we need to encourage crypto currency payment step by step.

tee-rex

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Quote from: PizzaBTC on February 24, 2018, 06:31:48 AM

Quote from: Sengoko on February 14, 2018, 12:13:45 AM

Quote from: Diced90 on February 08, 2018, 11:42:12 AM

Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

In my opinion i think bitcoin is now at an early adoption stage for institutional investors as individuals we have already adopted this technology is waiting for prices to soar and possibly make some money from it.

Though it has not been a very long time this world has get to know about crypto currencies but the good thing is that in this much short period of time, crypto currencies have actually made a very good name in the international market and is achieving the success at higher rate with every passing day. The way people have started believing in crypto currencies give us a hope that it has successfully cleared the era of early stage of adoption.

If you understand that the numbers of people who know cryptocurrency or have adopted it right now are still very few then you will know we are still in the early phase. Sure, it is not as early as 2010 and most definitely as the subsequent years, but If you think because of these little rally we have had, we are past the adoption phase, and then I wonder what you will be saying in the next few decades. We are just starting with the adoption phase and we are not even close to the middle of it yet.

I think people which just heard or know about crypto and those who have adopted it in one way or another are two different groups of people. Besides, adoption itself may mean different things. If most people use bitcoin and other coins exclusively for speculation, which seems to be the case, is it what could be called genuine adoption? Once speculation subsides, for example, due to prices going down, this "adoption" would go away too.

What would you say then?

PizzaBTC

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Quote from: Sengoko on February 14, 2018, 12:13:45 AM

Quote from: Diced90 on February 08, 2018, 11:42:12 AM

Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

In my opinion i think bitcoin is now at an early adoption stage for institutional investors as individuals we have already adopted this technology is waiting for prices to soar and possibly make some money from it.

Though it has not been a very long time this world has get to know about crypto currencies but the good thing is that in this much short period of time, crypto currencies have actually made a very good name in the international market and is achieving the success at higher rate with every passing day. The way people have started believing in crypto currencies give us a hope that it has successfully cleared the era of early stage of adoption.

If you understand that the numbers of people who know cryptocurrency or have adopted it right now are still very few then you will know we are still in the early phase. Sure, it is not as early as 2010 and most definitely as the subsequent years, but If you think because of these little rally we have had, we are past the adoption phase, and then I wonder what you will be saying in the next few decades. We are just starting with the adoption phase and we are not even close to the middle of it yet.

setupbounds

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Quote from: LuffyD.Monkey on February 13, 2018, 02:37:59 AM

Quote from: tweetbit on February 06, 2018, 08:35:48 PM

I consider our community is slightly accepted by majority but doesn’t mean by the higher ups only those ordinary citizens around the globe. It’s already be a good standing even without the total support by the government, we’re good enough to call our situation successful. But we need more than that, were aiming for something bigger than us.

I will call it as in the early stage of its adoption as most of the people have started investing in crypto market whole the others are getting to know with every passing day. This crypto market has a way to go and that it will keep on flourishing in the coming years as well and a time will come when all the governments will also consider them as their basic need in order to make the economy strong.

We are still definitely in an early stage. I was reading an article made by someone with some proof with respect to the level at which crypto is in the global market and he finalized that we are not even up to 1% in users compared to the global population, and then I started imagining if we even manage to get to at least 10% of the global population, the level of effect it is going to have. Mate! We are still definitely in the early adoption and very cheap phase in the life of cryptocurrencies.

gamalzour

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Quote from: gxmonitor on February 13, 2018, 01:42:29 AM

I feel upcoming G20 meeting will leave huge impact on crypto adaptation in society. Cryptos are here to stay, so do invest wisely.

I share the same feelings with you bro. These guys are definitely in the mood to see how they can partake in the crypto cake and benefit a lot from it, so that should be a topic of choice and an important one. The aftermath though is really going to have some pretty good impact in the crypto world as most government will start trying to see how they can adapt and regulate, so that would be another new world entirely for adaptation like you said.

1Referee

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Quote from: tee-rex on February 22, 2018, 01:05:03 PM

We need a coin which price will be stable (more or less) and not at zero if we want it to succeed as a means of payment. Personally, I don't know if it's possible, ever.

Technically, Tether fits perfectly in that category, but as you know, to maintain that stability, there needs to be some sort of centralized involvement. The idea itself isn't all that bad, but their lacking openness and direct connections with Bitfinex is what makes them a very shady entity in this market. In other words, as long as coins are decentralized, have a free and open market that everyone can participate in, combined with speculation, stability is something people shouldn't even think about right now. Perhaps that at a later point we'll see exchanges mimic stock markets when it comes to the trigger points at which trading gets halted, but that could take a long while. Let crypto be crypto - if people want stability and don't mind centralized involvement, there is no point in going for crypto. Fiat will always be ready to serve you.

naidray

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Quote from: Isaacck1 on February 13, 2018, 05:30:23 PM

Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

In my opinion, cryptocurrency is still in the very early adoption stage considering all of the population have little to many experiences to technology. It might be a little hard for people to adopt cryptocurrency since acceptance to change is quite hard to be achieved. Bitvoin might taken a step forward since its one hit wonder stage last year.

Yeah, change is one thing that does not come pretty fast, and adaptation is always gradual. However, there is always a point in time when that massive adaptation just ends up coming due to some news and some real life usage that ends up making people to see the benefit and how they can easily make use of it in their day to day transactions and at that stage, the mainstream stage, then we are hitting out from the growth phase. For now, we are still very early so we should be thanking our stars.

Oilacris

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Quote from: tee-rex on February 22, 2018, 01:05:03 PM

Quote from: just_Alice on February 15, 2018, 04:48:47 PM

Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think we are just in the middle of the adoptoin process. A couple of years ago when BTC was less than $1000 that was an initial stage, now that the govs are considering the cryptocurrencies question, some are banning, some are implementing taxes. Whenever Bitcoin will be legalized and everyone will be able to purchase stuff with cryptos then we can count it as an adoption stage.

In the crypto world, these adoption phases don't seem very meaningful to me. So far it has been all speculation and there's no real adoption going on. People have been buying crypto with the only intent of selling it later at a higher price. It could be said that adoption is stalled due to speculation which causes excessive volatility. We need a coin which price will be stable (more or less) and not at zero if we want it to succeed as a means of payment. Personally, I don't know if it's possible, ever.

Even myself do say such thing on where i dont already see the true motive on why these cryptos being create.For what reason? People will mostly see this as an investment rather than on an innovation which is sad to think that most of us do think always on making money.We can really blame people since we do need money in order to live and having this kind of opportunity would really caught our attention.All is speculation existing dont know whats the stage since we arent still there yet.

tee-rex

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Quote from: just_Alice on February 15, 2018, 04:48:47 PM

Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think we are just in the middle of the adoptoin process. A couple of years ago when BTC was less than $1000 that was an initial stage, now that the govs are considering the cryptocurrencies question, some are banning, some are implementing taxes. Whenever Bitcoin will be legalized and everyone will be able to purchase stuff with cryptos then we can count it as an adoption stage.

In the crypto world, these adoption phases don't seem very meaningful to me. So far it has been all speculation and there's no real adoption going on. People have been buying crypto with the only intent of selling it later at a higher price. It could be said that adoption is stalled due to speculation which causes excessive volatility. We need a coin which price will be stable (more or less) and not at zero if we want it to succeed as a means of payment. Personally, I don't know if it's possible, ever.

NeverSop

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HODL

Quote from: Slant on February 09, 2018, 12:43:00 PM

Quote from: Forbiddenone on February 04, 2018, 07:16:03 AM

We are in early stage,not many know what is blockchain or crypto they only heard about bitcoin as it was used in many negative scene and recent price spike cause a attention to it.it will take time for everyone to know it and take an interest in it ,as startup and mnc are adopting blockchain crypto name will spread and we will get a good user base.but for current user it is more than rare gold as after 25 year crypto will be on a different level and we will be early adopters.

Proper use bitcoin is must because this thing will increase the price and the profit, you are right that price of bitcoin is low and it is all because people are panicking bitcoin, which is not good for the internal market growth of bitcoin. If we will spread the news of bitcoin among all people then it will increase the number of investors and with the number of investors price will increase automatically. It is now stage when people should buy and promote bitcoin because it is not so high right now.

I agree with you. I think that after too much volatility in the market, investors should understand that the bad news with the cryptocurrency market is only to bring down the market value so low that speculators can buy crypto at very low prices. I think investors should be more calm in times of market downturn, do not constantly make themselves into prey for whales.

lenovo16

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Quote from: redsun114 on February 15, 2018, 01:03:48 AM

Quote from: andrei56 on February 09, 2018, 09:58:11 PM

Quote from: Kevin77 on February 08, 2018, 05:22:55 AM

Quote from: andrei56 on February 03, 2018, 10:02:12 PM

Quote from: pinkflower on February 03, 2018, 02:06:55 AM

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

I hope you are right, while I have not being holding my small amount of bitcoin for as long as many people in the forum I cannot wait any longer I want to see bitcoin making a great and visible progress, while having a high price is nice I still do not see bitcoin being accepted anywhere, people in my country despite the high prices show no interest in bitcoin so it is painfully slow the progress bitcoin is making every day.

I think of legalization of the bitcoin to be the best thing and this will help in bringing more name to bitcoin and other than this, this legalization of bitcoin will also help you in making things easier for you. Bitcoin is at its early stages of their adoption but the thing is it is gaining more and more reputation and the fame of bitcoin is continuously increasing, thus helping them in having more money.

Yes I agree. If only some come will let bitcoin come in to their economy in the legal means. Im sure it will bring great help to one's economy. Because many people get interested and then later on they will also encourage to invest. That how huge the impact of legalization of trend currency in one's economy.

shalnark

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In my opinion maybe we are no longer in the early stages, of course now maybe we are in the middle stage because already many people know and use bitcoin, and at this stage may be the stage of growth and development of bitcoin still exist the opportunity to join and invest but the results in the cannot be as big as in the previous stage.

wandino

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Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I believe the early adoption stage has passed. As this isn't completely mainstream yet, it could could be a late adoption stage

sajeebur rahaman

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I'm a technical analyst, I have been doing technical analysis after 10 years, From my experience, we can say that we are still in stage 2. Bitcoin's Cycle is so big, We can do the worry-free trade. trend and movements in the market will see the trade.....

BaraxLo

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Quote from: BillCoin on February 04, 2018, 12:47:01 AM

When bitcoin almost hit 20K(happend about 2 months ago) it made a big media FUD about bitcoin, you could see an article about bitcoin at most of the news/media sites, so it's pretty clear that there is a largr perecent of people who knows about bitcoin.
At the same time, exchanges are closing doors due to being flooded with users, so it's pretty hard to say that we entered mass adoption, but I do believe that there are a lot of people that are just waiting to buy bitcoins but they can't do that because of the state of the exchanges.

And all the scenario you have painted out simply means we are hitting the growth stage. Early adoption to me stopped like in the middle of last year and then we started having a lot of FOMOs most especially for bitcoin. In the crypto space at large, on average, we can say we are still in the adoption phase, but for some of the coins that have been around like bitcoin and the rest, we are pretty much getting to the growth stage and that is even if we are not there already.

just_Alice

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Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think we are just in the middle of the adoptoin process. A couple of years ago when BTC was less than $1000 that was an initial stage, now that the govs are considering the cryptocurrencies question, some are banning, some are implementing taxes. Whenever Bitcoin will be legalized and everyone will be able to purchase stuff with cryptos then we can count it as an adoption stage.

Synash0619

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Quote from: Donamilo on January 23, 2018, 05:05:37 AM

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think Crypto is in the boundary of early adoption and growth stage. Within this period a lot of development happens introduction of ICO's, regulation, and recognition from government agency. If the development stage continue at this pace crypto will double the market cap size at the end of the year.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Quote from: andrei56 on February 09, 2018, 09:58:11 PM

Quote from: Kevin77 on February 08, 2018, 05:22:55 AM

Quote from: andrei56 on February 03, 2018, 10:02:12 PM

Quote from: pinkflower on February 03, 2018, 02:06:55 AM

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

I hope you are right, while I have not being holding my small amount of bitcoin for as long as many people in the forum I cannot wait any longer I want to see bitcoin making a great and visible progress, while having a high price is nice I still do not see bitcoin being accepted anywhere, people in my country despite the high prices show no interest in bitcoin so it is painfully slow the progress bitcoin is making every day.

I think of legalization of the bitcoin to be the best thing and this will help in bringing more name to bitcoin and other than this, this legalization of bitcoin will also help you in making things easier for you. Bitcoin is at its early stages of their adoption but the thing is it is gaining more and more reputation and the fame of bitcoin is continuously increasing, thus helping them in having more money.

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