Bitcon have been in existence for year's now, when bitcoin was created just few people know about bitcon and most of them don't even believe in bitcoin has at that moment, with time bitcoin started getting popularity and people started knowing about bitcon, most people don't really accept bitcoin as payment method because they don't believe in bitcon. But today lot's of people know about bitcoin and lot's of companies are now accepting bitcoin as payment method and some countries have adopted bitcon, bitcon have gained lot's of popularity and everybody are now talking about bitcon everywhere now.
I believe in future most of the countries that are banning bitcoin currently won't have choice than to later accept bitcoin and I believe most companies will accept bitcoin.
Topic: What your ideas about bitcoin adoption in the future? - page 6. (Read 1398 times)
About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.
Why wait after the 2024 bull run? The rise in the price of bitcoin will attract more new investors into the market but for companies and governments the adoption and acceptance of bitcoin depend on its technology and the benefits it will bring to them. Such as corporate-level bitcoin adoption: if they don't invest but only accept it as a payment method, it takes a specific time for this, this will help them get more clients from crypto investors. If they don't invest and don't want to hold bitcoin then they can convert bitcoin to fiat instantly.
The adoption of bitcoin will indeed have a positive impact, namely increasing the interest of crypto investors, but behind it will be a lot of work.
Currently bitcoin is only used as a commodity tool and is still side by side with Fiat.
only the country of el-salvador is able to fully adopt bitcoin and even continue to develop it to the point of wanting to build a Bitcoin City.
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First I want to say, that bitcoin is not a new type of currency, because it existed before developing countries started to like it, now bitcoin has developed far, there are even some countries that use it as a medium of exchange for the purchase of certain goods and services. This shows that bitcoin has become very popular and growing in certain countries.
Talking about this law will be difficult to find an answer, because the function of bitcoin itself is not to weaken the challenge of fiat currency, but people connect it too far, so bitcoin is the reason for the inability to accept, I think the presence of bitcoin has helped so many people who want to take part in this space, while the use of bitcoin itself is very dependent on each individual
Talking about this law will be difficult to find an answer, because the function of bitcoin itself is not to weaken the challenge of fiat currency, but people connect it too far, so bitcoin is the reason for the inability to accept, I think the presence of bitcoin has helped so many people who want to take part in this space, while the use of bitcoin itself is very dependent on each individual
Bitcoin adoption is inevitable, like fighting against the win. To put it better, like to Borg said- "Resistance is futile". It's not that Bitcoin is imposing but rather it offers a better, clear alternative to the inflationary status quo.
About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.
Why wait after the 2024 bull run? The rise in the price of bitcoin will attract more new investors into the market but for companies and governments the adoption and acceptance of bitcoin depend on its technology and the benefits it will bring to them. Such as corporate-level bitcoin adoption: if they don't invest but only accept it as a payment method, it takes a specific time for this, this will help them get more clients from crypto investors. If they don't invest and don't want to hold bitcoin then they can convert bitcoin to fiat instantly.
The chance you can see currently of adoption of Bitcoins, this will be the same in the future also.
I mean why government will adopt something which they cannot control or impose tax on it? So in future also the scenarios won’t change according to me.
Governments can't control bitcoin, but they do manage to control bitcoin users by regulation. Then from there the government also succeeded with its tax rules against bitcoin users where it made the most sense to apply when the government did not prohibit trading or mining. Regulations between countries regarding bitcoin of course vary and the same applies to tax rules. India has a higher tax percentage than my country, but bitcoin is still not legal as a means of payment. That's the problem, they want profit while they don't support freedom and adoption which can somehow be construed as bullshit.I mean why government will adopt something which they cannot control or impose tax on it? So in future also the scenarios won’t change according to me.
Moreover we are also happy by maintaining our privacy with Bitcoins. So I guess there is no need of adopting the Bitcoins publicly.
My opinions on this might be differ, but this is what I think of.
Even without adoption and legality, you can own bitcoins with a good level of privacy which the P2P marketplace will help. Decentralized exchanges like Bisq can also help you maintain your privacy, these are exchanges that do not require you to register. Then later if you want to remove traces or obscure transaction traces, the mixer can also be used as a follow-up effort so that your privacy can be better. My opinions on this might be differ, but this is what I think of.
Internet is very powerful and as long as there is internet and you can connect with people outside your country, you can still use bitcoin in your country even if it's not a legal tender. In my country bitcoin is not a legal tender but a good number of the country population uses bitcoin.
It is just like gambling, some countries doesn't support gambling buy gamblers still finds way to bet online. So you can order stuffs online with bitcoin.
About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.
It is just like gambling, some countries doesn't support gambling buy gamblers still finds way to bet online. So you can order stuffs online with bitcoin.
About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.
How about you, do you have any good ideas for future bitcoin adoption?
There are no new ideas, maybe it should be the same as people's opinions [goods and services]. Its main purpose is as a currency and payment system so that adoption depends only on the legality of a country and the wishes of the people themselves. For example in El Salvador, bitcoin is legal as a means of payment but there are still many people there who do not adopt it as a means of payment for any reason.However, if a country wants to legalize and adopt it, it can help increase public confidence in financial institutions that have a bad image from the point of view of transparency and system scam, including banks. Integrity and trust can be better if bitcoin is adopted as a payment system and all that is contained in the innovations that exist in bitcoin.
As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
Awareness, information about the pros and cons is what we should aim for. We cant change something in one day so this takes time and needs patience from our side. Also try to begin this from home, involve your friends and family, try to gather a local community among crypto and watch it grow.Gradually governments are going to notice and they are also going to take actions. While most liberal governments will allow crypto gradually, this might not be the case for conservative ones. If that is the case then you are screwed.
I know a lot of users in this world are having bitcoin but cannot spend it for daily purposes because of restrictions. Hope for a better future is there and we can only hold on to that hope.
I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
The chance you can see currently of adoption of Bitcoins, this will be the same in the future also.
I mean why government will adopt something which they cannot control or impose tax on it? So in future also the scenarios won’t change according to me.
Moreover we are also happy by maintaining our privacy with Bitcoins. So I guess there is no need of adopting the Bitcoins publicly.
My opinions on this might be differ, but this is what I think of.
I think you should somehow clarify your statement that "Bitcoin is a new type of currency that is constantly evolving" especially if you are referring to things that are external to the Bitcoin's protocol or Bitcoin's rules. This might be misunderstood by many that Bitcoin itself could change its rules as time passes by. Related to this, there was actually this contentious question whether the fixed supply of Bitcoin could be changed. It can't be changed.
Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.
Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.
We can't clearly deny that we are going to a digital world someday and if this time will come, bitcoin will play a major role. Everything that we are going to invest has a corresponding value to market so it will make us think we should invest through apps related to Bitcoin. The plans of Bitcoin have been improving for how many years and we can't say they've disappointed us of the way they handle consumers.
I think you should somehow clarify your statement that "Bitcoin is a new type of currency that is constantly evolving" especially if you are referring to things that are external to the Bitcoin's protocol or Bitcoin's rules. This might be misunderstood by many that Bitcoin itself could change its rules as time passes by. Related to this, there was actually this contentious question whether the fixed supply of Bitcoin could be changed. It can't be changed.
Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.
Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.
Recently I made the number of countries that have legalized the usage of cryptocurrencies in Asia. Among the 48 countries around 10 countries have legalized the usage. Quite a few have restricted it's usage. Remaining countries haven't made any decision whether the usage is allowed or restricted. But, it is possible to see people using cryptocurrencies on all this 48 countries. Amidst the regulation and other factors the usage keeps counting and the same will pave way for increasing adoption.
It can be soon legal in your country and accepted by some establishments.
As we can see, many countries are legalizing this which means many people are using this now as a mode of payment. However, it can't be denied that the majority are still considered this as an investment knowing that fact that we can generate huge profits from this. Yes, adoption will take some time, and using Bitcoin to purchase some stuff or bill payment remains an option.
As we can see, many countries are legalizing this which means many people are using this now as a mode of payment. However, it can't be denied that the majority are still considered this as an investment knowing that fact that we can generate huge profits from this. Yes, adoption will take some time, and using Bitcoin to purchase some stuff or bill payment remains an option.
There have been two that I have been supporting for a very long time and I do not think that it will change anytime soon. One of them is the legal tender route, we are going to end up seeing a ton of more nations that will make it a legal tender for sure, there is no denying that. Second one is getting the machines to accept it, we use credit cards and even our mobile phones these days to pay and why not have bitcoin related product for that? It looks like we are going to end up going head to head with the banking industry over it, but there is absolutely no denying that it could be technically possible even today, so why not better in the future.
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
That is literally against the Law in your country and that was illegal but the good thing about Bitcoin is the government doesn't have any control over it and we can manage to use this for online purchases ( or investments). If someone will ask you about it, you can simply deny it, nobody will try to seize your Bitcoin unless you have been involved in a crime. Just continue using it mate, I actually use this as payment as well but most of the people around considered this as an investment, not a currency because of government conflict and establishment accepting this. 
But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
Right now, we can't expect a lot of merchants accepting bitcoin in their payment method.
However, the numbers are increasing already. But for some holders, they won't spend their satoshis but instead hold it.
It is true, most of btc holders are treating this as investment, where they can exchange it with good profits in the future.
But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
Right now, we can't expect a lot of merchants accepting bitcoin in their payment method.
However, the numbers are increasing already. But for some holders, they won't spend their satoshis but instead hold it.
It is true, most of btc holders are treating this as investment, where they can exchange it with good profits in the future.
But if there will be merchants available, some of these crypto users will use their services, mostly for convenience purposes.
But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.
However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there. So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.
Just as you've stated in OP, it is an evolving currency and a lot of these doesn't just happen, it would take a great dela of time to standardise to attain world wild usage.
Bitcoin is yet to be used or accepted by halp the population of the world as we have it now but, I I optimistic that it will. 2years ago, we didn't have any country to have adopted or legalised it for a legal tender until El-Salvador came up, now we've got Central African Republic and as time goes by, a few others would follow suit. Everyone of these adoptions as it continues to come by brings us closer to a global adoption.
One of the concerns that has made this global adoption an issue is the volatile nature of bitcoin and I think, as we come closer to exhaustion as bitcoin is a limited/scares commodity, the issue of volatility would be solved and we would have bitcoin for a currency.
Bitcoin is yet to be used or accepted by halp the population of the world as we have it now but, I I optimistic that it will. 2years ago, we didn't have any country to have adopted or legalised it for a legal tender until El-Salvador came up, now we've got Central African Republic and as time goes by, a few others would follow suit. Everyone of these adoptions as it continues to come by brings us closer to a global adoption.
One of the concerns that has made this global adoption an issue is the volatile nature of bitcoin and I think, as we come closer to exhaustion as bitcoin is a limited/scares commodity, the issue of volatility would be solved and we would have bitcoin for a currency.
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