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Author Topic: Is Bitcoin ever be Mainstream?  (Read 913 times)
Bamel
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December 11, 2017, 06:23:41 PM
 #61

Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?

I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily.

Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful.

Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology.

I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream.

Sorry..replied to wrong comment. Guardian doesn't allow you to delete??

Not the least of which is the utter bullshit spouted by the people behind it in this piece. It's pure word salad.

Etheruem is completely different to Bitcoin and it has already forked once so it is not immutable, it is inflationary with no cap on supply etc, it is nothing like Bitcoin and is not many as a store of value or payment method.
CodeGroup4
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December 11, 2017, 06:37:58 PM
 #62

People are using bitcoin from a long year and so I think it is already in a mainstream.
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December 11, 2017, 07:07:02 PM
 #63

For sure it will be mainstream. It's becoming mainstream now imo. Even my grandma is talking about XRP (true story).
Renr
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December 11, 2017, 07:16:11 PM
 #64

Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?

I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily.

Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful.

Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology.

I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream.

Sorry..replied to wrong comment. Guardian doesn't allow you to delete??

Not the least of which is the utter bullshit spouted by the people behind it in this piece. It's pure word salad.

Etheruem is completely different to Bitcoin and it has already forked once so it is not immutable, it is inflationary with no cap on supply etc, it is nothing like Bitcoin and is not many as a store of value or payment method.

It`s because BTCChina and ViaBTC, two biggest BitCoin markets in China, is shutting down. My suggestion: do not invest in BitCoins right now, everything was rising must fall. Just wait, till BitCoins will fall on 70–80% and then you can buy them again. Wink
otandelapaz
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December 11, 2017, 07:24:51 PM
 #65

Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?

Bitcoin is already being used as an exchange for goods and services which I believed is the purpose of it. Thus, calling it a cryptocurrency.  But from what I observed and in my opinion, bitcoin is being use as more of a stock rather than a monetary. I think the creator of bitcoin develop it for the purpose of being a currency rather than as a stock. 
learner 7
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December 11, 2017, 07:36:57 PM
 #66

I believe that bitcoin is the main one and will always be there and new projects will never be bigger than its capitalization and price.
fofz
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December 11, 2017, 07:46:34 PM
 #67

I believe BTC will get mass adoption but later on other faster and better, anonymous cryptocurrencies will be used more than BTC as it's quite slow already.
djablom1
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December 11, 2017, 07:54:40 PM
 #68

I do not think that bitcoin can be mainstream because no one had suspected bitcoin to reach this height and no one knew it could be so fast we were predicting that it could become 10k at the end of this year but it is not the end and it is already at 16k.
get2business
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December 11, 2017, 08:00:12 PM
 #69

i think blockchain technology will be mainstream one day, yes.
CryptoBitCoins
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December 11, 2017, 08:05:46 PM
 #70

I think that most likely the second option. Bitcoin will be an alternative to a cell in a bank for storing valuables, you do not need to make bunkers or special safes at home, it's enough to keep a password in secret. And for daily use will be used some altcoyins.
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December 11, 2017, 08:09:00 PM
 #71

Until we find a way to improve BTC scalability..we will not be able to use it for our everyday buys..and BTC will keep on being considered as a store value.
But in my personal opinion if we think that today the most used store values are gold and real estate...and if we consider that both have lots of costs..for instance for gold one must pay for its storage and transportation...or in the case of real estate we have ordinary maintenance costs and high level of taxation.
So considering all of this BTC might reach for real a value above the $100K because it might become very soon the most reliable store value in the world.  Wink

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December 11, 2017, 11:35:09 PM
 #72

I've never intended to use Bitcoin for my daily expenses, as long its value continue to increase. I don't ever want to lose this kind of opportunity, having a passive investment that has a low chance or risk getting losses. However, Bitcoin has becoming more mainsteam, as more sites continue to accept this digital currency as a payment method. One thing I notice is that most goods were all digital or intangible, such as prepaid mobile loads and utilities. But still, if there's a chance to be fully mainstream, I stil prefer to use cash rather than coins. If BTC value become more stable like fiat money than the situation would be pretty different.
Halcyon Days
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December 11, 2017, 11:40:29 PM
 #73

Currently Bitcoin is still gaining attention and users through the speculation of its price. Even though this prevents BTC to be used as a currency for now, the whole world is looking at BTC now. Once the "rising and dumping" or better put the "speculation" phase is over, it might be quite possible that BTC can be used as a currency. For instance, a good time point would be, once all coins are mined or if the price is stable for a longer period of time. For now, it's rather prime time to buy and sell BTC for profits. 

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yausundy
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December 12, 2017, 12:09:21 AM
 #74

The price of bitcoin has been changing. How should the price of the goods be determined in the process of use
tabas
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December 12, 2017, 10:00:44 PM
 #75

Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment?

Yes if you are living in a country or a community where most of the people are involved in crypto then chances of having day to day use with those things is possible.

Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
When the value has reached the highest peak like $50,000 - $100,000 or more everyone will treat it as storing value but still transactions will exist.

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December 12, 2017, 10:33:18 PM
 #76

I truly believe that bitcoin has gained its popularity in tge mainstream. Though it has been created years before, in the presence of todays technological advancements from smart phones,  smart TV's, and digital world I yhink it will gain more attention in the mainstream in the coming years.
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December 13, 2017, 01:53:37 AM
 #77

I think bitcoin is already mainstream, but the level of usability for day to day expenses still vary from whichever country you are in. In addition to the viability of bitcoin for online transactions, some countries are already accepting bitcoin in stores, in schools, or even in real estate.
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December 31, 2017, 09:02:51 AM
 #78

If you are talking about popularity then yes, bitcoins are certainly mainstream, but if you are talking about bitcoins as a mainstream currency then we may see it becoming so in the near future as it gains more support.
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December 31, 2017, 09:10:05 AM
 #79

I think bitcoin is already mainstream, but the level of usability for day to day expenses still vary from whichever country you are in. In addition to the viability of bitcoin for online transactions, some countries are already accepting bitcoin in stores, in schools, or even in real estate.
In crypto world bitcoin is mainstream but in terms of use bitcoin still not accepting in some store but i heard slowly bitcoin is accepting locally even here in my country some restaurant are accepting bitcoin as payment the good thing there you can just swipe or scan the barcode its just like an ATM card that you can just swipe and you paid.. So i think bitcoin will be useful in the future the only problem for now in bitcoin is volatility of the price..
The price is not stable anytime soon the price could be drop or increased its value..
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December 31, 2017, 09:13:31 AM
 #80

It can not be denied that there are still friends of us who never know what bitcoin is. it is our responsibility to share what we know. In the year of January 2, 2014, we are ready to know, BNM states that BItcoin is tidah valid in Malaysia. This we see because still again The presence of Bitcoin and also digital wang is still early to enter the mainstream. Nor is the lack of presence of bitcoin, the various schemes that may be said to be fiddling with the use of bitcoin tickets as a means to gain profit. The emergence of skim-schemes and scammers is what is ruining the name of bitcoin in Malaysia. Between the 2 downs are bitkingdom and also ethrade.
Do you know the lords and ladies of bitkingdom and ethrade in google we are at no 1? within a year.
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