What stage of adoption is Crypto currently at?

[player514]

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think we are at an adoption stage right now. It's very experimental overall though. We have a lot of coins coming up and they're testing whether or not blockchain is right in the field that they pursue.

The recent dips are definitely harming the adoption phases. The only reason I don't think we're in an early adoption phase is because a good amount of people know about crypto and it's uses. They can spread the word. However, not enough people know the depth of crypto. The recent drops just make people gasp at the idea of using blockchain technology even though that doesn't really have anything to do with currencies.

[solarion]

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think we are at an adoption stage right now. It's very experimental overall though. We have a lot of coins coming up and they're testing whether or not blockchain is right in the field that they pursue.

The recent dips are definitely harming the adoption phases. The only reason I don't think we're in an early adoption phase is because a good amount of people know about crypto and it's uses. They can spread the word. However, not enough people know the depth of crypto. The recent drops just make people gasp at the idea of using blockchain technology even though that doesn't really have anything to do with currencies.

As the CEO of bitcoin.com said bitcoin price recovering to 9.4K now. We will find the price bumped to 10k USD for sure. If you want to make the profit you can wait for more days to sell but for buyers still this is the good to time buy the bitcoins now.
i have found 10 percent growth in the chart. Now no more drops see the price chart and invest on it.

[andrei56]

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not mean that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

[BillCoin]

When bitcoin almost hit 20K(happend about 2 months ago) it made a big media FUD about bitcoin, you could see an article about bitcoin at most of the news/media sites, so it's pretty clear that there is a largr perecent of people who knows about bitcoin.
At the same time, exchanges are closing doors due to being flooded with users, so it's pretty hard to say that we entered mass adoption, but I do believe that there are a lot of people that are just waiting to buy bitcoins but they can't do that because of the state of the exchanges.

[Forbiddenone]

We are in early stage,not many know what is blockchain or crypto they only heard about bitcoin as it was used in many negative scene and recent price spike cause a attention to it.it will take time for everyone to know it and take an interest in it ,as startup and mnc are adopting blockchain crypto name will spread and we will get a good user base.but for current user it is more than rare gold as after 25 year crypto will be on a different level and we will be early adopters.

[maarx]

The below incidents support bitcoin and other crypto currencies reach everyone from every corner. Mostly, news on pumps and dumps and correction do reach everyone. Every day a new investor starts looking at crypto coins to invest as they the history of crypto assures them of huge profit. Secondly, news on Governments banning and adaption of bitcoin and other crypto currencies in their respective countries. This largely opens up eyes of everyone. This moment tends to draw people 's attendtion towards crypto currencies and bitcoin.

[tweetbit]

I consider our community is slightly accepted by majority but doesn’t mean by the higher ups only those ordinary citizens around the globe. It’s already be a good standing even without the total support by the government, we’re good enough to call our situation successful. But we need more than that, were aiming for something bigger than us.

[gantez]

Bitcoin in 2009 , I'm a new horn in 2018 but I still consider myself as part of the early adopters in 2018  . My reason is that I have the opportunity to start investing in altcoins and make it big. Bitcoin started with less than a dollar & there are coins with such prospect.

My point is that, the awareness of cryptocurrency is growing in strength, reaching different nationalities. Soon, we are going to hear different nations adopting it as means of financial transactions which will lead a regulation process. So, in as much we are yet to have regulation , I see myself as early adopters of digital currency.

I know good times awaits this great financial innovation .

[Kevin77]

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

[mostkey]

We're definitely getting there and exchanges (Binance, Poloniex, etc.) closing registration because they can no longer handle more users is a proof of that. I say we give bitcoin one more year, after that, almost every service will be in the process of adding it as a payment method (assuming that we will have LN stable and working by then).

some of the major exchanges that have closed new registrations indicate that. enthusiasts of bitcoin adopters have been very passionate and the facts that have been presented about it. and 1 year is a very short time to be able to wait

[betlord90]

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

Where not even close since their are some people still afraid on investing with it since the government are the one who's creating some panic and spread some news that crypto's are scam/illegal. But we cannot literally say on what phase are we since we are in the middle of nowhere right now since theirs no huge institution covering/backing it up.

[Diced90]

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

In my opinion i think bitcoin is now at an early adoption stage for institutional investors as individuals we have already adopted this technology is waiting for prices to soar and possibly make some money from it.

[newwest]

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

In my opinion i think bitcoin is now at an early adoption stage for institutional investors as individuals we have already adopted this technology is waiting for prices to soar and possibly make some money from it.

Do not think it could be now in initial stage because already last year it has become most popular search on google as well and all the worldwide it was a hot discussed topic. though after few countries on verge or deciding to place a ban this has impacted the btc and rest of the countries people are already investing in it. Yes if officially the country legalize it then then adoption rate would definitely be much better than what it is today.

[Cedie]

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

I think bitcoin is in a stage where it becomes a one hit wonder then eventually lie low. But because of the burst of its popularity, this means we may say that almost all of digital natives must have heard or read about bitcoin. We could also say that bitcoin is still in adoption stage, because as we can see, people are just starting to engage themselves in cryptocurrency.

[Ayiranorea]

Right now bitcoin is at the start of widespread, because individual investments have been found good and its time for institutional level of adoption which is to make large scale changes in the market as well leads to widespread. Possibly by the next halving can expect majority of the people at least know about bitcoin.

[Oilacris]

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

Where not even close since their are some people still afraid on investing with it since the government are the one who's creating some panic and spread some news that crypto's are scam/illegal. But we cannot literally say on what phase are we since we are in the middle of nowhere right now since theirs no huge institution covering/backing it up.

People wont easily trust bitcoin or on any things online specially when its not backed by the government plus having a false claim or fuds which would really worsen the situation even more this is why adoption cant really reach out on its full scale but well as long it is being considered it has still lots of space to progress on.

[batang_bitcoin]

Right now bitcoin is at the start of widespread

Nope, bitcoin is not at the start of widespread. I can't give an appropriate term for what I'm thinking but it's not the start.

because individual investments have been found good and its time for institutional level of adoption which is to make large scale changes in the market as well leads to widespread.

And institutions found it risky to invest to bitcoin, they are aware of things that are going on to bitcoin howbeit, adoption and awareness is starting to increase yearly.

Possibly by the next halving can expect majority of the people at least know about bitcoin.

2020? considerable year.

[Slant]

We are in early stage,not many know what is blockchain or crypto they only heard about bitcoin as it was used in many negative scene and recent price spike cause a attention to it.it will take time for everyone to know it and take an interest in it ,as startup and mnc are adopting blockchain crypto name will spread and we will get a good user base.but for current user it is more than rare gold as after 25 year crypto will be on a different level and we will be early adopters.

Proper use bitcoin is must because this thing will increase the price and the profit, you are right that price of bitcoin is low and it is all because people are panicking bitcoin, which is not good for the internal market growth of bitcoin. If we will spread the news of bitcoin among all people then it will increase the number of investors and with the number of investors price will increase automatically. It is now stage when people should buy and promote bitcoin because it is not so high right now.

[andrei56]

Supermine said it right. We are in the early days of cryptocurrencies as a whole. Try going out of your house and see if you can find a BTC accepting store near you. You found none? Of course you did. Thats because theres less than 5% of the world's population use or own cryptocurrencies.

True, the fact there is a lot of money invested in bitcoin and alts does not meant that we have reached any kind of big adoption, I have yet to see a single store in my country accepting bitcoin and if I saw it I will buy whatever they are selling just to support them, I still think we are below 1% when it comes to adoption, so this should be very telling because once we reach 5% or 10% I think we are going to see a chain reaction in which most stores will begin to accept bitcoin.

On a large scale we are not even close. However, I still want to believe we are going to be getting past the adoption phase pretty soon. Is it not becoming obvious ?

First, some investors are still scared and looking to see if it is right to get in or not, some have taken the bold step, institutions gradually are stepping, the LN will increase the speed of transactions and make bitcoin even more usable, once we hit those stage, we are going to even be getting past the growth phase, so for now, I will say we are just there in between the adoption and growth phase.

I hope you are right, while I have not being holding my small amount of bitcoin for as long as many people in the forum I cannot wait any longer I want to see bitcoin making a great and visible progress, while having a high price is nice I still do not see bitcoin being accepted anywhere, people in my country despite the high prices show no interest in bitcoin so it is painfully slow the progress bitcoin is making every day.

[rickadone]

...
LN tackles all above annoyances that people 'suffer' from in today's market, and will stimulate people to transact with each other far more than we can imagine right now. In other words, LN is a major adotion booster, that's a fact. Regarding using it as payment to purchase goods and whatnot, I more or less agree that it won't change very much in that aspect. It has partly to do with the volatility, but the main point is that people don't want to spend something that can jump up significantly in value the next day. That's something we have been dealing with for years now.

Couldn´t it be a good thing if people are reluctant to spend Bitcoins, because they are worth
more in the future? Several economists argue that assets like Bitcoin actually change people´s time
preferences from a high-time preference to a short-time preference. With a short-time preference
people actually think more of the long-term and increase their savings.

One could argue that this would be beneficial for the individual, because having savings protects from
sudden loss of income and also beneficial for society, because it would decrease the ubiquitous overconsumption.

There cannot be over-consumption. First, you should understand one thing that bitcoin is limited in supply. Secondly, real life usage will issue in more demand for the currency as people only do not see it only as an asset or speculative one, but something that is always going to be needed and used without having to convert to fiat and transaction between anyone anywhere in the world is going to always happen with the speed of light.

Adoption would have been a little bit of years back, but for now we are a little bit past that but not very far from it. So far, we are already growing, so I will assume that is the stage we are. With the number of altcoins popping up every day and the number that is already on ground doing well, we have gotten past the adoption stage generally for cryptocurrency or just a little bit between the adoption and growth stage.