Bitcoin Forum

hi guys, please share your opinion on what are the things that the crypto world needs for it to be successful and well known

We need big whales such as NASDAQ getting interested and implementing the technology (which in return benefit Bitcoin). This will create a surge of the price eventually, which will put BTC on mainstream news again, only this time the services will be better and more developed. It will still take time.

nasdaq is a good use case though but education I think people do not understand bitcoin the way we do

Education . Most people should dont know about the cryptoworld. In some developing countries like my country, bitcoin is view as a play token because people just dont understand that there is another currency and not just fiat. Also that most people that know cryptoworld is fillled with illegal thing and that should be edcuated as well

it's simple really, you need to raise the price, and don't say the price does not matter because otherwise there would not be all these thread about adoption, mainstream, bitcoin need this need that and whatsoever....

to do this in fastest way possible without raising a fake pump, you need big whales playing with the market and moving the price up slowly, by establishing everytime a new floor

I agree, high prices give the mainstream more attentions and exposures, btc will be known more and more people, that's the good circulation.  High price - more investors buy btc - more people know and use - governments accept btc.

Moreover, we need more banks to use btc, because btc has advantages on remittance, international trasnfer, it is much faster, cheaper and safer than bank system.

Overall, you guys don't worry about the price now, just focus on telling your friends bitcoin, if more and more people are trying to know and buy&use btc as a payment way, the price must go to da moon.

Solve this riddle for the answer:

Why would a person jump through hoops (ID verify, bank transfers, etc.) to buy bitcoin so he can make purchases at a limited number of places, while now needing to keep an accounting for the IRS, when he could have already purchased those same things with the debit card in his wallet, and without the additional burden of tax record keeping?

It clearly needs more involvement. More and more enthusiastic users should contribute to this tech world. Which will enlarge the community as well as clear out the problems of investments.

It needs a small amount of regulation for the banks and big business to feel safe enough to invest a decent amount of funds into. Exchanges need the regulation for new whales to feel safe buying and selling very large amounts. It needs us the community to do all we can in our own local area to promote bitcoin to the people who we believe will know its power and increase our crypto team. If the above is done which the UK is in the process of doing then I imagine that with the more money flooding in the higher the price, the more of them kinds of whale the less negative publicity and a lot more positive because after all media is owned by...

We need to move away from centralised exchanges, which usually just generate negative headlines for crypto.  Fortunately history has just been made and decentralised trades will soon be possible.  Qora and Burst (go buy them now) can now trade directly from one blockchain to another without using and intermediary coin or third party.  It's a little soon to add this feature to Bitcoin, since it's still relatively new and experimental.  But once it's proven stable, and more people start to get involved with Bitcoin and other alts, there are no more middlemen once you're out of fiat.

I get what you mean, the process of buying, keeping it safe and finding places to actually spend it not easy for someone who doesn't have the general knowledge about cryptos and he might not even bother to do it because he finds the other alternatives easy.

To us it all may seem easy, finding an exchange, cold storage, ways to buy anything with bitcoins by using middle man services, trader etc. but for an average joe it may seem like a hassle and he would go for something simpler even if it costs him a bit more.

If people invested in gold, only sell 25% of their investment and they re-invested it into Bitcoin, the price would skyrocket. The high price will not be artificially hyped, like with the Willy bot fiasko and people would take it seriously.

We have seen a huge surge in Google searches for "Bitcoin" when the price is high... So the price does influence the demand.

We also need a killer APP to make it go mainstream... {Target the young people, and the older people will follow}

The most important "Need" ----> Proper education on Bitcoin basics. {When people understand the concept, they would accept it}  ;)

this because the adoption isn't big enough yet, when you will get payed in bitcoin at your local job and every shops will accept it, you will not need to go through all those hassles to use bitcoin

I double that.
If more people get educated regarding crypto-currencies then more people would be involved in it.
Then comes mainstream adoption!!!  :D

You dont need to raise the price because it is not everything about the price. It is more about mass adoption because if you think that if the price raise than it will raise the adoption then you are wrong because the price raising will not attract people for adoption, it will attract more traders to dump it for profit

There are already lot of debates about blockchain and its benefit and usage.I think in next 10-15 years we will be using crypto/digital currencies for everyday buying/selling.We will see huge adoption in coming years.

It needs to be used by more people,it needs to be trendy,easy and everywhere
I think that easy and trendy are the key,every day are appearing easier ways

I couldn't agree with you more.
And in order for that to happen education is of high importance.

That's right. Education is crucial. Would you use something when you don't know what it is and how it works? Don't think so.

With all the bad news from banks and certain countries people are looking for different options to pay and store money. Give it time.

Mass adoption is what it needs, but as others stated above, people don't know about Bitcoin.

We have to exceed the use of CryptoCurrency more than Fiat Money, so all the people would use CryptoCurrency and it must be well known 8)

That's true. Cryptoworld needs involvement and participation not only from the society but also from the government and the banking systems. Many of them are not aware about the bitcoin so they hesitate in participation and accepting it as a currency and many hesitate in learning new things.

now? trust. because if somebody knows at least that bitcoin exists, usually his association is related to scam, fraud, drugs and silkroad..

not really, it will surely attract new fishes that want to join the wave(the same thing happened with the 1200peak otherwise one could not explain why many bought at 1200...), also attracting more traders mean that they will buy and thus raising again the price

raising the price mean high demand, high demand mean better adoption

I think we need a way to stop the scams the most, I don't know how it would be done but people need trusted exchanges/businesses etc that can be trusted so that they can use bitcoins to trade and earn more.

People don't like the idea of buying a crypto currency and just holding it, they want to do something with and right now there aren't too much options, I mean everyday I read people asking, where should they invest? And either they fall trap for so called Cloud mining companies, exchanges, or Ponzis.

It cant be stop because bitcoin is not regulated in most places. This means that we cant get goverment to help us stop the scams or the other things. The scams is done by bad individual and it does not make bitcoin bad .Some people though bitcoin is bad because many people use it for bad things

scams in general will never go away. scammers will always find ways to steal money or bitcoins. the only thing you can do about it is to research the people you do business with to reduce the chance of being scammed.

A killer app as google for internet.
bitcoin can't be just coins, it should be applied in the other field.
but now no such app appeared.

More useful services that work only for bitcoin and not fiat, like micro tipping or gambling platforms.  Also things like open bazaar which imagine if it took off and became as big as ebay, bitcoin would become extremely handy and popular because of this.

We need people to trust the technology and for developers and programmers to develop the other features, like Smart contracts.
The Blockchain has so much more to offer, and we just concentrate on the currency.
Countries will develop their own ripoff versions of the blockchain and Bitcoin as a currency will die. ^Mark my words^
There is no intellectual property rights on the blockchain technology, so it's a Free4All out there.

They already have their own version of the blockchain and its not working.
The reason Bitcoin is working is because is decentralized, take that away and you've got fiat.

The 'cryptoworld' or bitcoin only needs one thing now: adoption. Adoption by more people, more merchants and more industries. Once that happens bitcoin will have finally gone mainstream.

Less of these altcoins would be better. The more there is the more people get confused on which coin is better and eventually does nothing good in terms of helping bitcoin reputation. If only there is a way to block off these coins for good. I think we are talking about trust and the confidence we need to instill to tell people bitcoin is the alt currency.

we must raise the public awareness through social media or using different of channels to get notice about crypto currency, if we succeed to get mass adoption in coming years than crypto currency will be like normal fiat but it is more secure and fast payment method than, i think that kind of awareness can bring good result about crypto world.

While companies like Dell, Overstock, Apple, etc. are taking interest and many of them are already involved in the same, there is still lack of interest in people.

We need to find that what is the reason behind that, then we might be able to get it to mainstream.

The biggest problem is this negative reputation of crypto world being linked to thieves and scammers.

Any service which would help increase transparency and trust for legit users would definitely help out a lot.

Time. We need to wait for our time. People are not ready for cryptocurrency right now and we need to develop network, fix problems, upgrade code and educate people about wonders of cryptocurrencies and how they are better than standard FIAT. Bitcoin with its volatility, confirmation times and unfortunate bad press is not good as global currency right now but in time we can change it.

Users. It needs normal people using it. Not crazy anarchist/libertarian/end the fed nut jobs. They are here already and they are a very small group (example: the Free State Project started in 2001 and only needed 20k people to sign up. They haven't met their quota in 14 years of trying lol). Figure out a way for my neighbor to need/want to use Bitcoin when he runs down to Sears to buy a new lawnmower or a set of tires. Get fast food restaurants worldwide to give a discount for Bitcoin use. Get major oil companies to retrofit gas pumps to accept Bitcoin same as cash because credit cards sometimes cost more at the pump. Make people use it every day.

I agree, but I think the big question is why would your neighbor use it as sears? I think it's probably going to be seen as sort of a geeky underground currency for the foreseeable future, though I hope some big real world stores accept it so we've at least got some place to spend it as it doesn't cost them anything to deal with it.

it needs useful and easy to use crypto currency applications which touch everyones life. 

Yeah the only way bitcoin will be successful is if it is adopted by the common joe and that will only happen if everywhere accepts it.

I think smart contracts so business can actually be conducted.

Education in developing countries. I don't think necessarily it is such a bad idea to develop a cryptocurrency of their own flavor in developing countries but if there is no mining support from the general populace then that's an issue.

yeah i think you're right, bitcoin needs more popularity

Lol, I can't get a good answer to this, and this is exactly the argument I have with btc.  For me it's just unnecessary.  It's interesting but you are absolutely right with what you wrote.