Topic: Where is the value reflected? - page 3. (Read 579 times)

That 415 billion was a talking point over a month ago and I have said the same thing back then and I will say the same thing now, it is the "maximum" amount that can be reached, doesn't mean it will be reached, not even 10% of that will be reached. That is only if everyone who can invest into this will end up invest into it and not like people were lining up to buy bitcoin in billions before this, so they will not do it after this neither.

All we may get is few billion at best, and that should be something we should be happy about but that's about it, nothing more. I personally really like the current situation, let's not grow huge and get ahead of ourselves, maybe we do not have to have that much investor coming in, because if they do then the price will skyrocket but that is all the money we could make, after that there won't ever be same chance again.

It feels good that the adoption of Bitcoin is rising. And it feels even better that the growth is seen in the different treatments of Bitcoin. It is exciting to see some kind of balance. Here we have Bitcoin's growing adoption both as an emerging asset and as a currency or a mode of payment, both as something you can invest on and as something you can pay with.

Others may not appreciate it that much, but I guess it is enough to start with that a certain brand is accepting crypto payment. Whether crypto payments would be instantly converted into fiat, or prices are still fiat-denominated, or their books would still reflect everything in fiat, and so on, I guess it is still adoption and it is worth appreciating that a brand acknowledges crypto as an alternative form of payment. Way to go.

Retailers can expect to boost sales through the addition of cryptocurrency support. A 20% increase in sales (I think that would be a reasonable number) through bitcoin adoption is a non trivial gain. While implementing bitcoin support by contrast would be affordable and trivial.

A few years ago, there were US stocks that significantly boosted their value simply by announcing plans for blockchain projects. Kodak, atari and many others saw significant stock gains through making blockchain proposals.

Retailers offering crypto support could be similar. Perhaps not on the stock side, but on the consumer side, sales could definitely trend upwards through giving consumers more options and tools.

Cryptocurrency is a vulnerable asset, so it’s difficult to set people's mind about buy any physical product by crypto-currencies, because it’s can be rising in future then present so everyone wants to hold their cryptos then how can be cryptocurrency use against paper money?

Why you shouldn't use crypto for payments? that's they are intended for. You can keep the biggest part but don't stop yourself from using it for payments so that you're also part of those contributors with its adoption.

I think it's odd that we want more merchants, more institutions, more businesses and other establishments to adopt and accept crypto for payments. While us, we don't want to be part of the bigger thing and use a portion of our assets for payments.

It won't hurt to pay a little with the portfolio that you hold. But I guess that's just me that's thinking of it and we all have different visions and thoughts towards this matter.

Any particular reason why?
You seem to favor the idea of Bitcoin adoption, so why not facilitate this process?

You may think that your own refusal to make a purchase won’t matter, but it will, it’s how it works. If you don’t do it - your friends and the friends of your friends, etc. might be less inclined to use Bitcoin as well in the future. If everyone starts acting like it, then Bitcoin will simply become an asset for whales and will lose its meaning as a currency.

I’m not trying to push you to it or something, it’s just that it seems to me that many people have a similar vision and I’m interested in the reasons behind it.

The value of bitcoin reflect every time we use it in different ways like payments method or as an asset and investment. The growing adoption of bitcoin shows how valuable it is that even those different institution are now adopting and investing in cryptocurrency which is  a good news because the demand for bitcoin will continue to increase.

What you seem to forget is despite the fact we can see more and more shops starting to accept Bitcoin as a payment mean (at a low rate speed to me). Only a few of them actually keep the amount in crypto. Surely less than 10%. All others convert the coins to their national currency (and it's often done automatically).
To increase their sales is the only true motivation they have, it's not because they believe in the market. If a day Bitcoin goes down to 10 bucks and people abandon it, they will abandon it too, and even surely faster than the bitcoiners themselves.

I concur with @adzino's comment also. I suppose when you say you're happy to see shops accepting BTC but don't want to use, it's because you bet on the bitcoin's price to be higher in the future. Which mean basically you're mainly interested to speculate but that's not really how the ecosystem can evolve. If nobody wants to pay in BTC then nothing will change and we will get stuck where we are today.

It will go to that point in the future, we just have to wait for it to happen, the government of many countries are just trying to feel the water to see if everything's fine and an extensive study might be able to help their decisions. I don't really like the use of bitcoin as a currency but I do welcome it from happening.

You want to see more merchants accepting cryptocurrencies, but you won't be using it for making payments. Then wouldn't that just put off merchants from wanting to adopt/accept the cryptocurrencies? It's totally understandable as to why you don't want to use bitcoin to make payments, but the more the people use it, the more the world will be accepting towards cryptocurrencies. As people become more accepting, we will be see rapid development where solutions to the current problems with crypto currencies can be found. And with this, we will see the true value of crypto currencies reflect.

We do not want Bitcoin to be a trend, because trends come and go... we want Bitcoin to become a "legal" currency, that can be used widely at different merchants offering products and services.

You remember the days when you were a child and you went through the different "trends" ..like playing with YoYo's and the next month it was, Rubik's Cubes etc... well, we do not want Bitcoin to be the trend for a month or two.. and then it is gone and forgotten.     (Let's make it a long-term Brand for alternative currencies.... The Coca~Cola of currencies) 

Interesting. Depends on what they do with the investments. I think a cryptocurrency will benefit more from investors that use more of such investment within the cryptocurrency economy, rather than for purposes that would make price movements very risky or volatile.

The kind of circulatory regulation isn't suppose to be for cryptocurrency but for fiat through the financial body. That is why bitcoin is far more integrated with the blockchain. The circulation is not controlled unlike fiat. Many regulatory measures have started opening up in the cryptocurrency space but that is in the exchange confines and I don't think a total regulation of cryptocurrency will have a big possibility.

That actually such a great news, more companies adopting cryptocurrency payments, then it will be more great for cryptocurrency to be used as a currency, not merely a speculation tool. Especially if it's for clothes, that i believe most people will need and buy, it has a wide range of customers and i hope many people will be delighted with this too. Who knows that the sellers will be lucky too if the price of the cryptocurrency went up, so they can gain additional profit from it. I'm excited to see how the future will be, maybe in the future, this kind of news won't surprise us anymore since it's becoming too normal already, cryptocurrency payment is so common that everyone knows and use it already.

The adoption of bitcoin as a mean of payment is one of the support for the use and function of bitcoin as a currency. This trend will probably become more popular if the regulation are changed to be friendly toward using bitcoin as a currency. So far, many countries allow the use of bitcoin as a mean of payment, this increases demand so that in some ways it can affect the price.

What is the value essence and value support of luxury goods? Diamonds are forever, and one is always passed on. So what is the nature of diamonds?

Many people have never understood why it is valuable, let alone why Bitcoin is more than 100,000 U.S. dollars. The most incomprehensible thing is that one coin one villa is often said in the currency circle. If you don’t understand the value of Bitcoin, then you are It is never possible to hold Bitcoin for a long time.

I also bought this company's clothes, the quality seems to be bad.
Big bucks entering crypto are always good news。
These are better news,everyone see the advantages of Bitcoin.I am very happy to see good news things every day,

Germany allows certain institutional funds to invest in cryptocurrencies, and institutional investors can invest up to 20% of their holdings in Bitcoin and other cryptocurrencies.
https://zycrypto.com/german-law-that-could-potentially-see-415-billion-flowing-into-cryptocurrencies-becomes-effective-next-monday/
This means that more institutions will enter the market and raise the price of the currency. For example, Bitcoin can further preserve its value and achieve the purpose of anti-inflation.

German luxury Philipp Plein accepts cryptocurrency payments.
https://www.drapersonline.com/news/philipp-plein-to-accept-cryptocurrency-in-fashion-first
Many friends may not be very familiar with this brand. Before I went to the mall to buy their clothes, so for me, I was shocked by the news. I never thought they would accept cryptocurrency as the official payment method.
Therefore, I think that the future of cryptocurrency is a big trend, not an inevitable event, but a high probability event.
Philipp Plein's acceptance of cryptocurrency is also subject to risk assessment, because capitalists consider profit maximization. If they are optimistic about the market, then accepting cryptocurrency is actually a win-win situation.

• More merchants will endorse the acceptance of cryptocurrency.
• Merchants can earn profits from rising cryptocurrencies.

For me, I would like to see more merchants willing to accept cryptocurrency payments, but I will not use cryptocurrency for payment.
The technology of cryptocurrency has become more and more mature, and what still needs to be strengthened is the regulatory level. From the perspective of circulation, we can see whether the future of cryptocurrency is valuable.