LittleBitFunny
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July 29, 2023, 02:49:04 AM |
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-snip- For example in my country, Bitcoin is official as a legal asset, but when I ask random people, they don't even know what Bitcoin is.
Everything takes time, you can't ask that once the government is legal, people will know and use it immediately. Bitcoin is legal in your country but after all, it is just an asset, an investment, so it is not surprising that many people are not interested in it. Like stocks, it's been legalized for hundreds of years, but people who aren't interested in investing won't know what it is. Bitcoin too, don't expect everyone to need it. It will only be an option even if it is an asset or becomes a currency.
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yhiaali3
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July 29, 2023, 02:55:30 AM |
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Really positive news, it is interesting to note that the payment at the electric car charging stations will be via the Bitcoin Lightning Network, this helps the Lightning Network to grow even more.
But in general, it is still in the experimental stage, and the company apparently is not one of the large companies in Europe, so I do not expect this news to have the great impact that you expect. We also do not know the position of the European Union on this step. Will they obtain the required approvals or will there be restrictions on this? Experience?
But I expect in the long term, with the start of practical application and the spread of this experience more, it will lead to more positive results.
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taufik123
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July 29, 2023, 05:13:03 AM |
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-snip-
The Lightning network for Bitcoin payments is one of the best for fast and cheap payment efficiency and with a small nominal. The Lightning Network still a small number of developers and needs support from several large companies to be able to make the Lightning Network an alternative network specifically for retail payments, and that will have a huge impact. While charging Electric Cars using Bitcoin lightning is an experimental stage, it will be a first step. We know who the CEO of the biggest electric car manufacturer is at the moment, of course, there will be a lot of support in the future. Regarding regulations from the government and some of the applications of taxes, of course, this will be a review. It requires research so that the project can be done properly to lead to a more revolutionary future with Bitcoin.
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Busiouty
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July 29, 2023, 12:24:52 PM |
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Positive news such as increased institutional interest, adoption by major companies, or favorable regulatory developments could potentially lead to greater Bitcoin adoption as more people see it as a viable investment or payment option.
On the other hand, negative news, such as security breaches, regulatory crackdowns, or concerns about the technology's environmental impact, may slow down adoption or lead to temporary price fluctuations as investors and businesses become more cautious.
To understand the impact of specific news events on Bitcoin adoption, it's best to refer to up-to-date sources and analysis from financial experts and reputable news outlets. Keep in mind that the cryptocurrency market can be highly volatile and influenced by various factors, so predictions about its adoption should be taken with caution.
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hyudien
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July 29, 2023, 12:44:58 PM |
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The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become.
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Onyeeze
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July 29, 2023, 12:58:49 PM |
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The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
After reading op suggestions and i believe that will bring development and more awareness to Bitcoin, if bitcoin can be accepted in this kind of projects or thing but i believe that adoption of bitcoins can be known or take place through influence company that adopt it, when good recommendation come to Bitcoin the recommendation influence will make another people or company adopt Bitcoin for the second, already when i started my gas station with bitcoin payment many people was in good terms with the payment but later people have started turning much serious and with that another person will try to follow my step and Bitcoin adoption will also increase
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Lorence.xD
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July 29, 2023, 01:34:04 PM |
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The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become. It's really extraordinary because progress is a progress when it comes to adoption of Bitcoin. This is actually a good news to Bitcoin because imagine Bitcoin back then existing but are not yet acknowledged by people or use to everyday life. People love Bitcoin as you could use it anonymously and the fact that it is decentralized. And the fact that most of the country are slowly adopting Bitcoin as they legalized it. But for sure some of them banned it for their own reasons maybe it could affect their economy as they lost power to control currencies.
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jeraldskie11
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July 29, 2023, 01:51:07 PM |
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This, in my opinion, would be a positive impact on Bitcoin because it would increase its visibility. Many individuals throughout the world are familiar with Bitcoin but have no idea what it is. So this type of news is extremely beneficial to Bitcoin. I feel that Bitcoin adoption is the key to the price reaching a new high. If the moment comes when the majority of the world's establishments accept Bitcoin, it is very likely that it will reach $100,000. For the time being, all we can do is teach Bitcoin to our families and friends who are interested.
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WillyAp
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July 29, 2023, 02:11:12 PM |
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Bitcoin is used to pay even though its rather slow. I wonder why they don't use other coins just as decentralised as Bitcoin. Litecoin for once is fast, fast enough to pay with it.
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DanWalker
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July 29, 2023, 02:25:24 PM |
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This, in my opinion, would be a positive impact on Bitcoin because it would increase its visibility. Many individuals throughout the world are familiar with Bitcoin but have no idea what it is. So this type of news is extremely beneficial to Bitcoin. I feel that Bitcoin adoption is the key to the price reaching a new high. If the moment comes when the majority of the world's establishments accept Bitcoin, it is very likely that it will reach $100,000. For the time being, all we can do is teach Bitcoin to our families and friends who are interested. Your feeling is not wrong, the mass adoption of bitcoin plays an important role in helping the price of bitcoin go higher in the future because once the demand increases and the supply is limited, it will be very good for the value of bitcoin. But if you're waiting for bitcoin to hit $100,000, you don't have to wait too long. I mean, you don't have to wait for all the institutions and businesses in the world to accept bitcoin, you just have to wait until the next halving, and with current demand that is more than enough to take bitcoin to $100k.
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Ziskinberg
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July 29, 2023, 02:31:35 PM |
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it eventually grabs attention but it doesn't mean that we can see the effect instantly. If the situation went well, that something will help to create hype and adoption demand but until it was not fully implemented yet, less impact is still what we saw. However, it was a good indication that some big companies are on the look out for making Bitcoin as another payment option which could also encourage other companies to do the same. Perhaps, it was a common instinct that we just follow when someone does first and succeed.
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isaac_clarke22
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July 29, 2023, 02:44:39 PM |
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I had never rode an electronic vehicle before, but are these universal to any EV manufacturers out there like it also allows Tesla users/drivers to pay using Bitcoin? Not surprised if Elon would even write something about it considering that he is CEO of Tesla. Considering how expensive EVs are, it surely will increase adoption but I won't expect too much that it is going to be another news that will blow up. Here in my country, I barely see any EV users except for Electronic Bikes, I guess? Maybe around the metropolitan area here would be, but not so much to the point that it is common like gasoline stations. it eventually grabs attention but it doesn't mean that we can see the effect instantly. If the situation went well, that something will help to create hype and adoption demand but until it was not fully implemented yet, less impact is still what we saw. However, it was a good indication that some big companies are on the look out for making Bitcoin as another payment option which could also encourage other companies to do the same. Perhaps, it was a common instinct that we just follow when someone does first and succeed.
Highly doubt that there would be hypes around this. Just like another those signs you can see that "Now accepting Mastercard payments", it's not like everyone would use credit card at that point and that's why I tend to not expect these too much adoption.
Just being realistic not negative.
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bitgolden
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July 29, 2023, 05:38:40 PM |
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Any kind of adoption is really great news, no matter if even a small business accepts bitcoin, as this is part of Bitcoin progress, but the impact is just the same as if not the whole population of the country uses EV, meaning only a few people will use EV and are not sure if they will pay via bitcoin, as for sure there are other payment methods on those stations like CC and etc., but still there will be other people that will pay via bitcoin.
Let's see how this will go, we need to see people use it first, and I mean they are not accepting it all together neither, so as long as it reaches to that number and people start using it, that would be great. However, we should also remember that bitcoin is limited, which means that as long as we see these type of things we need to remember one thing; which is the fact that we are going to end up with a single source getting all our coins. In this case, the EV owner whoever that is, and that means the more people use it, the more bitcoin they will have and that means instead of bunch of us selling or buying, it will be a single person selling it all, and that will definitely cause a lot of trouble without a doubt.
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molsewid
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July 29, 2023, 08:11:11 PM |
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That could be great and will have a large impact soon in the market. They are starting to adopt bitcoin and started to get ready for halving. By these, we should accumulate as well so that we will not be FOMO. We need to follow this kind of news because maybe now it is not yet gaining so much attention but soon it will gradually increase market price.
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Viscore
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July 29, 2023, 08:44:39 PM |
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This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place. In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on.
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Crypto Library
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July 29, 2023, 09:23:56 PM |
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That could be great and will have a large impact soon in the market. They are starting to adopt bitcoin and started to get ready for halving. By these, we should accumulate as well so that we will not be FOMO. We need to follow this kind of news because maybe now it is not yet gaining so much attention but soon it will gradually increase market price.
I would like to agree with your option that these kinds of news or steps definitely impact on market but not that kind of huge impact. But yes it will gradually bring a positive response in future. To understand why this would not have such a big impact, we need only follow up on the various previous such steps , Which was taken by many big companies. I would not say that they did not leave any positive impact on the market, but their impacts were short-lived. So I think this is a case like any other common case. But The News was great. The reason I am saying these words is that any new traders should not face losses while trading based on these news.
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romero121
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July 29, 2023, 10:52:13 PM |
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This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place. In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on. Market to turn bullish out of the news won't be happening around. For now this is a news that could make big impact on the market in the long term. Now only the automobile industry is moving towards the electric vehicle sector. It takes time for the increased usage all around and then it also takes time for people to get used to cryptocurrencies and use it for payment. What is being availed by the company around the charging stations were really good and a needed one for the future progress.
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Ayers
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July 30, 2023, 03:44:56 AM |
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This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place. In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on. With this news, we shouldn't expect it to create an immediate bull run or trigger a strong bull run. I mean, if we are speculating this is not the kind of news that we can take advantage of for profit, but if we are supporting the bitcoin revolution, we should be happy about this. Because from the early days bitcoin was suspected and hated but now things are changing for the better. Countries, organizations, businesses are gradually becoming bitcoin-friendly. This shows that the revolution named bitcoin is going smoothly and beyond expectations. As I said, I don't see any positive movement for bitcoin with this news, but in the long run, I believe it will have a positive impact on institutional and country adoption of bitcoin.
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krishnaverma (OP)
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August 18, 2023, 01:55:15 PM |
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No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become.
It is because the anonymous Bitcoin creator has created something that solves lot of problems. He found a gap in market and made the best possible solution for this.
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Ale88
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August 18, 2023, 05:09:17 PM |
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Not something that will make bitcoin suddenly mega-bullish as an asset in an instant, but it's great news nonetheless — baby steps; even if Lightning is still a slippery slope in terms of actual adoption.
I agree with you, every small step, every small adoption, is more than welcome! All these small steps don't make a big difference in the short period but they will in the long run, and someday even very big companies will be open to accept bitcoin, and that will be the game changer.
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