if you build it they will come?

[r1973]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

[tiggytomb]

It will happen, they will come like your Subject says "If you build it, they will come" they must be stuck in traffic.

[r1973]

It will happen, they will come like your Subject says "If you build it, they will come" they must be stuck in traffic.

It's all because of SegWit?

[User365]

In case bitcoin becomes a global official currency, people will buy Bitcoin of people which have already got bitcoin´s, either for fiat (in the beginning) and then for goods or as payment for their work (when it is more and more famous).

if you build it they will come? In my opinion yes, if there is no scaling problem (and we will have a few more sclaing problems, even IF segwit and the lighteningnetwork help now, I doubt that would be enough if 8billion people and companies use BTC)

[r1973]

In case bitcoin becomes a global official currency, people will buy Bitcoin of people which have already got bitcoin´s, either for fiat (in the beginning) and then for goods or as payment for their work (when it is more and more famous).

This will take a generation - 20 years.

if you build it they will come? In my opinion yes, if there is no scaling problem (and we will have a few more sclaing problems, even IF segwit and the lighteningnetwork help now, I doubt that would be enough if 8billion people and companies use BTC)

Bitcoin only as store of value?

[User365]

In case bitcoin becomes a global official currency, people will buy Bitcoin of people which have already got bitcoin´s, either for fiat (in the beginning) and then for goods or as payment for their work (when it is more and more famous).

This will take a generation - 20 years.

Yes of course 

if you build it they will come? In my opinion yes, if there is no scaling problem (and we will have a few more sclaing problems, even IF segwit and the lighteningnetwork help now, I doubt that would be enough if 8billion people and companies use BTC)

Bitcoin only as store of value?

No, as atore of value AND daily used currency

[Herbert2020]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

it is simply because adoption is a slow process and it is like this with any new technology. when computers were first introduced not everyone jump in the computer shops to buy them but today (nearly) everyone has a PC.

it is the same with bitcoin too. it takes time. first we need regulations, and it has been happening this year with Japan and multiple other countries.
then we need a more stable community with less debate and drama. so that new people can easily come in and feel welcome. right now if someone new comes in and googles bitcoin and goes to reddit they will surely run away from all of this!
then we need a more stable price so that bitcoin can be seen more than just a speculation tool and more like a currency. this will take much longer but we are at least half way there. the big swings are less common now and with more smaller swings.

these 3 in my opinion are the first most important steps.

[r1973]

it is simply because adoption is a slow process and it is like this with any new technology. when computers were first introduced not everyone jump in the computer shops to buy them but today (nearly) everyone has a PC.

it is the same with bitcoin too. it takes time. first we need regulations, and it has been happening this year with Japan and multiple other countries.
then we need a more stable community with less debate and drama. so that new people can easily come in and feel welcome. right now if someone new comes in and googles bitcoin and goes to reddit they will surely run away from all of this!
then we need a more stable price so that bitcoin can be seen more than just a speculation tool and more like a currency. this will take much longer but we are at least half way there. the big swings are less common now and with more smaller swings.

these 3 in my opinion are the first most important steps.

why 99.95% of people will agree to the rare Bitcoin blockchain, making all early adopters (2009-2016) rich - and not look for better crypto solutions?

[Herbert2020]

it is simply because adoption is a slow process and it is like this with any new technology. when computers were first introduced not everyone jump in the computer shops to buy them but today (nearly) everyone has a PC.

it is the same with bitcoin too. it takes time. first we need regulations, and it has been happening this year with Japan and multiple other countries.
then we need a more stable community with less debate and drama. so that new people can easily come in and feel welcome. right now if someone new comes in and googles bitcoin and goes to reddit they will surely run away from all of this!
then we need a more stable price so that bitcoin can be seen more than just a speculation tool and more like a currency. this will take much longer but we are at least half way there. the big swings are less common now and with more smaller swings.

these 3 in my opinion are the first most important steps.

why 99.95% of people will agree to the rare Bitcoin blockchain, making all early adopters (2009-2016) rich - and not look for better crypto solutions?

because there are 9995 reasons to agree to rare bitcoin instead of an altcoin.
- security (of the code and the network and the clients) and also the variety of wallets
- reliability (that it will always work, it won't go offline, since bitcoin hasn't but altcoins have many times)
- scarcity (bitcoin has a cap, it has a good distribution rate, it also as a good distribution) many altcoins either don't have a cap or they have huge supply and will never grow in price.
- it is already adopted and it is already very big. but nobody even knows about altcoins!

[User365]

it is simply because adoption is a slow process and it is like this with any new technology. when computers were first introduced not everyone jump in the computer shops to buy them but today (nearly) everyone has a PC.

it is the same with bitcoin too. it takes time. first we need regulations, and it has been happening this year with Japan and multiple other countries.
then we need a more stable community with less debate and drama. so that new people can easily come in and feel welcome. right now if someone new comes in and googles bitcoin and goes to reddit they will surely run away from all of this!
then we need a more stable price so that bitcoin can be seen more than just a speculation tool and more like a currency. this will take much longer but we are at least half way there. the big swings are less common now and with more smaller swings.

these 3 in my opinion are the first most important steps.

why 99.95% of people will agree to the rare Bitcoin blockchain, making all early adopters (2009-2016) rich - and not look for better crypto solutions?

Because it is already adopted by many people and it is like Herbert2020 said, a slow process, so slowly people will start using Bitcoin. There is no united community of non bitcoiners who start saying hey, lets create our own cryptocoin and screw bitcoin.

[danjonbit]

all are hoping and saying that BTC will go Up.
as of my side It will happen, btc are getting stronger, many people are showing interest on it, so lets wait and the Big thing will happen soon

[BTCLovingDude]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

because of all the roadblocks and because of all the weak hands who only are in bitcoin for the fiat profit and nothing else.

the road blocks are the Mt goxes and all the drama such as FUD about fork, FUD about bitcoin in general and all kinds of crap.
and you think people are seeing bitcoin's potential and some of them may think it themselves too but in fact what happens is that as soon as there is a rise they panic and think this is the end and sell. this is actually why there aren't that many millionaires in the news but a handful of them! because only a handful kept their coins and didn't sell on each small rise.

[AiWanChu]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

most of the money is flowing into other altcoins imo.

[ethereumhunter]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

i think people which have big bitcoin is holding in their wallet and waiting the highest price which only they know how much it will be. they don't want to sell all of their bitcoin for now and maybe they only sell in small amount to join in this euforia.

[thesavoyard]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

Bitcoin has about as much chance of being the world's crypto as Kevin Cosner has of getting baseball ghosts to come to his corn field. Bitcoin is a bit like Kevin Cosner, was great, now outdated.

[Juggy777]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

I think by this very year end a huge pile of fiat shall find it's way into Fiat, as many countries are adopting it, and I feel that Asian countries adopting it would be the key, but strangely enough it is the European food chains that are leading the way and this alone is a positive feedback for the community, many tourist places are now accepting it as a payment process and that is just good news for Bitcoin. And you have put a wonderful title, believe in it, stay positive.

[pooya87]

with less than 5mln BTC left to mine, on the 8th year, with news worldwide - why the price is only 2500$ and not much higher? where are all the billions of people? where are all the FIAT's trillions?

Bitcoin has about as much chance of being the world's crypto as Kevin Cosner has of getting baseball ghosts to come to his corn field. Bitcoin is a bit like Kevin Cosner, was great, now outdated.

an outdated thing is replaced as fast as you can say outdated!
and the funny thing is, not only bitcoin is not being replaced but instead bitcoin is being adopted more and more every day by new merchants, new services that only come to life because of bitcoin and many more.
and on top of that, there is no competition, there isn't anything better than bitcoin. they have all failed worse than bitcoin in reality but they seem to win on paper.

[niisarearning]

Only eight year still almost 4 million left to mine means 17 + million already mined  . Do yu asking about already mined people or people from outside where they kept their money . Even after seeing this thread i started to think about that.

[SvenBomvolen]

It will happen, they will come like your Subject says "If you build it, they will come" they must be stuck in traffic.

People still don't know bitcoin, that's the main problem why price raise so slowly. And all this altcoins and ICOs may look pretty scammy with their aggressive advertising, people just scare to enter this, because of it looks just like a new financial pyramid. I think this ICOs and shitcoins, which are created on the base of people's greedy, will have bad effect on all the idea of crypto-currencies.

[BitFinnese]

It will happen, they will come like your Subject says "If you build it, they will come" they must be stuck in traffic.

It's all because of SegWit?

I do not think that segwit is the reason behind this slow adoption.  I think the slow adoption is due to the decentralized nature of Bitcoin.  There is no central authority that commands on every move of the promotion and advertisment.  It is an independent actions that often times contradict each others idea and end up making people confused about it.  Aside from that, the complexity of the process for non tech savvy people is another thing.