Going Mainstream: Really Critical for Bitcoin?

[iamTom123]

Right now, with Bitcoin rising and might be going into the $10,000 territory soon, it can be told that without doubt it is not going away any time of the day and is in fact now being recognized as a legitimate investment vehicle. There are now many developments in the world of cryptocurrency and investment that all pointed to the legitimacy of Bitcoin.

Funny is that all of these things have been happening much to the  exasperation  of some people (famous and not-so-famous)  who have been calling Bitcoin just another big bubble, fake or a fraud not worthy of getting into. Well, there is nothing wrong of being warned as anything new can indeed be carrying some big risks and Bitcoin is not an exemption. As part of doing our due diligence, we have to careful when we are dealing with our hard-earned money.

People have been saying that we should be pushing for Bitcoin to go mainstream. By mainstream, they are referring to the time when Bitocin can be as popular as your brand of coffee or maybe as well-known as Visa or Mastercard or even Paypal.

Now, am really wondering: Is getting into the mainstream really so important for Bitcoin and what are the things you might expect to happen once Bitcoin is already in the mainstream?

[TheGodson]

It could be a good thing, but I think it needs time. If Bitcoin is rushed into the mainstream world without being fully developed people will be conned into using BCH instead. When a good project is rushed to deliver that is when mistakes are made.

[steadyrice]

I think it is. Not only for bitcoin's sake but for cryptocurrencies as a whole. Since bitcoin is the most powerful and popular cryptocurrency right now, its success will determine the success of altcoins and cryptocurrencies as a whole as well. As such, in my opinion it is important for bitcoin to "go mainstream", in order to first of all prove to the average person that there is a legitimate alternative to traditional investment methods, and secondly to guide the way to altcoins as well, diversifying the cryptocurrency scene.

[talkbitcoin]

going mainstream requires bitcoin to be considered mainly as a currency then as an "investment vehicle". if we say bitcoin is not a currency, then we are just investing in some hashes on our computer without any meaning.

and this is a very bad thing for the future of bitcoin if we start seeing bitcoin as a store of value alone. it will first kill the currency part and all the adoption and growth of bitcoin then will start pushing it all towards an altcoin instead. bitcoin can simply lose its position if that happens.

[Janation]

It could be a good thing, but I think it needs time. If Bitcoin is rushed into the mainstream world without being fully developed people will be conned into using BCH instead. When a good project is rushed to deliver that is when mistakes are made.

Well, BCH has the upper hand if bitcoin was rushed into the mainstream because of it's features. Bitcoin must really be developed before these happens.

Also, there is a lot more crypto currency that is better than bitcoin when it is in the main stream but people will be still using bitcoin and that is the problem, a lot of traffic or congestion will surely happen.

[kryptqnick]

It could be a good thing, but I think it needs time. If Bitcoin is rushed into the mainstream world without being fully developed people will be conned into using BCH instead. When a good project is rushed to deliver that is when mistakes are made.

I agree that it has to be adopted gradually, but not because otherwise bch will win. If people who barely can pronounce the word 'cryptocurrency' start buying bitcoin 'just in case', the price will rapidly go up with no actual demand for it. Such big steps and major investments in bitcoin can make it crash and those saying it's a bubble be right. I think that we can't objectively say whether btc is a bubble or is not. It is us, btc users and investors, who decide whether it is really worth all that money. And for us not to make it explode we must actually use it, at least in gambling or trading, instead of just holding sums and waiting for the day to sell everything.