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Author Topic: The crypto market has changed and I think its a sign of mass adoption  (Read 721 times)
kotajikikox
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November 21, 2023, 08:18:34 AM
 #81



This is tremendously bullish, showing the first signs of true broad adoption and how far cryptocurrency has come that we can even experience such euphoria in the midst of a bad market.


Well if addresses are the basis of growing then i think we are in the wrong path because a single person can have dozens or hundred if not thousands of wallet , some are just for single use(in which will surely show flow of funds) while others uses for multiple occasions.
I believe that we need to understand that the adoption will come when people are starts creating a wallet to use permanently and if that is the chart saying then maybe I will buy the idea of we are now in mass adoption.
but if not then lets look for another option on how to check who are adopting and how large they are now.

Andrija Branislav
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November 24, 2023, 04:56:54 PM
 #82

Well if addresses are the basis of growing then i think we are in the wrong path because a single person can have dozens or hundred if not thousands of wallet , some are just for single use(in which will surely show flow of funds) while others uses for multiple occasions.
I believe that we need to understand that the adoption will come when people are starts creating a wallet to use permanently and if that is the chart saying then maybe I will buy the idea of we are now in mass adoption.
but if not then lets look for another option on how to check who are adopting and how large they are now.

Maybe be easy to see the market Cap and Volume/Market Cap (24 hours) in CMC. If we check users by looking at the wallet, it might be a bit complicated because some are active and some are not. What is certain is that adoption has occurred and society is also starting to respond, although currently not in its entirety.

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Rasa nanas
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November 24, 2023, 11:43:20 PM
 #83

What's mass adoption to you? Addresses? I've used maybe 1000 addresses, most likely more. I use 1 a day, probably more. Count altcoins and I use maybe many thousands.

Exchanges? Every deposit new address.

And is 100000 people trading mass adoption when no one has private keys?
If I read this thread, it seems that what is meant by mass adoption is the increasing number of Bitcoin users or the increasing number of people coming to invest in Bitcoin. It seems like everyone has a different understanding of this term, but that's not a significant problem. but whatever it is, I'm happy if more and more people come to invest because the limited total supply causes bitcoin to become increasingly scarce and the price to increase.

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November 25, 2023, 04:37:19 AM
 #84

What's mass adoption to you? Addresses? I've used maybe 1000 addresses, most likely more. I use 1 a day, probably more. Count altcoins and I use maybe many thousands.

Exchanges? Every deposit new address.

And is 100000 people trading mass adoption when no one has private keys?
If I read this thread, it seems that what is meant by mass adoption is the increasing number of Bitcoin users or the increasing number of people coming to invest in Bitcoin. It seems like everyone has a different understanding of this term, but that's not a significant problem. but whatever it is, I'm happy if more and more people come to invest because the limited total supply causes bitcoin to become increasingly scarce and the price to increase.
we cannot tabulate the adoption just because there are billion or trillion of addresses created because this can be a addresses created by thousand of people and yes having hundred or thousand addresses each of them so never just believe in how many addresses or transactions going here and there.
I also  hate thread creation from people that does not know what they are posting .
Well if addresses are the basis of growing then i think we are in the wrong path because a single person can have dozens or hundred if not thousands of wallet , some are just for single use(in which will surely show flow of funds) while others uses for multiple occasions.
I believe that we need to understand that the adoption will come when people are starts creating a wallet to use permanently and if that is the chart saying then maybe I will buy the idea of we are now in mass adoption.
but if not then lets look for another option on how to check who are adopting and how large they are now.

Maybe be easy to see the market Cap and Volume/Market Cap (24 hours) in CMC. If we check users by looking at the wallet, it might be a bit complicated because some are active and some are not. What is certain is that adoption has occurred and society is also starting to respond, although currently not in its entirety.
actually it is not the volume for short period that we must see active but the totality of the capitalization , moving from many addresses then from that I might believe this is adoption , but if that is only based on addresses when the market is still keeping low? that is nothing but a nonsense comment.

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November 25, 2023, 12:32:53 PM
 #85

Exchanges? Every deposit new address.

And is 100000 people trading mass adoption when no one has private keys?
If I read this thread, it seems that what is meant by mass adoption is the increasing number of Bitcoin users or the increasing number of people coming to invest in Bitcoin. I
we cannot tabulate the adoption just because there are billion or trillion of addresses created because this can be a addresses created by thousand of people and yes having hundred or thousand addresses each of them so never just believe in how many addresses or transactions going here and there.
I also  hate thread creation from people that does not know what they are posting .

Thread creation and posting by 95% of people who don't know but just want to have an opinion, that's annoying but it's still okay for me.

It's the 95% of people not even actually using crypto or adopting it, maybe just being speculator trader, and then saying big words like mass adoption. That's what gets to me Smiley

OP not even responding to me, or even to this thread, so, very clear. He just posts crap.

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