What stage of adoption is Crypto currently at?

[naidray]

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?

In my opinion, cryptocurrency is still in the very early adoption stage considering all of the population have little to many experiences to technology. It might be a little hard for people to adopt cryptocurrency since acceptance to change is quite hard to be achieved. Bitvoin might taken a step forward since its one hit wonder stage last year.

Yeah, change is one thing that does not come pretty fast, and adaptation is always gradual. However, there is always a point in time when that massive adaptation just ends up coming due to some news and some real life usage that ends up making people to see the benefit and how they can easily make use of it in their day to day transactions and at that stage, the mainstream stage, then we are hitting out from the growth phase. For now, we are still very early so we should be thanking our stars.

[1Referee]

We need a coin which price will be stable (more or less) and not at zero if we want it to succeed as a means of payment. Personally, I don't know if it's possible, ever.

Technically, Tether fits perfectly in that category, but as you know, to maintain that stability, there needs to be some sort of centralized involvement. The idea itself isn't all that bad, but their lacking openness and direct connections with Bitfinex is what makes them a very shady entity in this market. In other words, as long as coins are decentralized, have a free and open market that everyone can participate in, combined with speculation, stability is something people shouldn't even think about right now. Perhaps that at a later point we'll see exchanges mimic stock markets when it comes to the trigger points at which trading gets halted, but that could take a long while. Let crypto be crypto - if people want stability and don't mind centralized involvement, there is no point in going for crypto. Fiat will always be ready to serve you.

[gamalzour]

I feel upcoming G20 meeting will leave huge impact on crypto adaptation in society. Cryptos are here to stay, so do invest wisely.

I share the same feelings with you bro. These guys are definitely in the mood to see how they can partake in the crypto cake and benefit a lot from it, so that should be a topic of choice and an important one. The aftermath though is really going to have some pretty good impact in the crypto world as most government will start trying to see how they can adapt and regulate, so that would be another new world entirely for adaptation like you said.

[setupbounds]

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.

I will call it as in the early stage of its adoption as most of the people have started investing in crypto market whole the others are getting to know with every passing day. This crypto market has a way to go and that it will keep on flourishing in the coming years as well and a time will come when all the governments will also consider them as their basic need in order to make the economy strong.

We are still definitely in an early stage. I was reading an article made by someone with some proof with respect to the level at which crypto is in the global market and he finalized that we are not even up to 1% in users compared to the global population, and then I started imagining if we even manage to get to at least 10% of the global population, the level of effect it is going to have. Mate! We are still definitely in the early adoption and very cheap phase in the life of cryptocurrencies.

[PizzaBTC]

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.

Though it has not been a very long time this world has get to know about crypto currencies but the good thing is that in this much short period of time, crypto currencies have actually made a very good name in the international market and is achieving the success at higher rate with every passing day. The way people have started believing in crypto currencies give us a hope that it has successfully cleared the era of early stage of adoption.

If you understand that the numbers of people who know cryptocurrency or have adopted it right now are still very few then you will know we are still in the early phase. Sure, it is not as early as 2010 and most definitely as the subsequent years, but If you think because of these little rally we have had, we are past the adoption phase, and then I wonder what you will be saying in the next few decades. We are just starting with the adoption phase and we are not even close to the middle of it yet.

[tee-rex]

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.

Though it has not been a very long time this world has get to know about crypto currencies but the good thing is that in this much short period of time, crypto currencies have actually made a very good name in the international market and is achieving the success at higher rate with every passing day. The way people have started believing in crypto currencies give us a hope that it has successfully cleared the era of early stage of adoption.

If you understand that the numbers of people who know cryptocurrency or have adopted it right now are still very few then you will know we are still in the early phase. Sure, it is not as early as 2010 and most definitely as the subsequent years, but If you think because of these little rally we have had, we are past the adoption phase, and then I wonder what you will be saying in the next few decades. We are just starting with the adoption phase and we are not even close to the middle of it yet.

I think people which just heard or know about crypto and those who have adopted it in one way or another are two different groups of people. Besides, adoption itself may mean different things. If most people use bitcoin and other coins exclusively for speculation, which seems to be the case, is it what could be called genuine adoption? Once speculation subsides, for example, due to prices going down, this "adoption" would go away too.

What would you say then?

[playboy654]

We are in the stage that crypto as an asset not currencies yet because of that crypto currencies are too volatile so people are using crypto currency for just money making purpose,but we need to adoptto the crypto currency system slowly so we need to encourage crypto currency payment step by step.

[diwataluna]

I think we are pre-adoption stage still. The massive number of exchanges is like the dot com selling boom. There will be resistance and doubt and bumps, as with impending regulation. But that is the path for new technology. The dot com bubble burst but now we can't live without online sites. Same with cryptos.

[wandino]

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).

The early adoption stage has passed, so this could be like early majority that will be followed by late majority.

[Bitlord88]

From my own standpoint I'll say that the Bitcoin system is still far from being the standard or universal way to pay or substitute our form of currency. However, it is also a great thing that Bitcoin user demographics are steadily going up and more and More people discover it's advantages. Here in my country, honestly only a few percentage of people know Bitcoin; I think being a third world country plays a part with that. I really hope the Bitcoin system would be continuously improved, I even envy those people who invested early on Bitcoin as they now have truly reaped the benefits from it. I personally give it about 3-5 years from now to say Bitcoin being a full blown standard way to pay for our needs and wants. Hope that day would come in the near future.

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[BitcoinCommodor]

I think we are pre-adoption stage still. The massive number of exchanges is like the dot com selling boom. There will be resistance and doubt and bumps, as with impending regulation. But that is the path for new technology. The dot com bubble burst but now we can't live without online sites. Same with cryptos.

Agreed! It has not been so long for this world to be familiar with the concept of crypto currencies. In fact, still there are number of people who are unaware of the word of bitcoin and crypto currencies. Bitcoin is at its early stage and that it will take some good period of time for the bitcoin to make its more effective name in the international market and to make people trust this thing.

[pokeronlinestatus]

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.

I will call it as in the early stage of its adoption as most of the people have started investing in crypto market whole the others are getting to know with every passing day. This crypto market has a way to go and that it will keep on flourishing in the coming years as well and a time will come when all the governments will also consider them as their basic need in order to make the economy strong.

We are still definitely in an early stage. I was reading an article made by someone with some proof with respect to the level at which crypto is in the global market and he finalized that we are not even up to 1% in users compared to the global population, and then I started imagining if we even manage to get to at least 10% of the global population, the level of effect it is going to have. Mate! We are still definitely in the early adoption and very cheap phase in the life of cryptocurrencies.

Agreed! Bitcoin is still in the early stages of its adaption and the reason behind this is that it has not been so long for this world to get familiar with bitcoin and other crypto currencies. People will accept bitcoin and will invest in bitcoin but the thing is it will take some time for more people to come and invest in bitcoin and to increase the adaption rate of bitcoin. Bitcoin surely holds a bright future and that it will change our lives.

[oegarod]

Bitcoin is in its early days of wide spread. In this time each and everything associated with cricket is not that expected. More compromise talks were organized, but the lack of knowledge made my mind stay out of the virtual life.

[Vladislav Artur]

I saw a graph of the adoption rate of new technologies. In it there is a slow start and then an explosion in price. The price then capitulates into what looks like a popped bubble and this usually last for a very long amount of time. I feel like this lull period was between 2014-2016 for bitcoin. After the lull the wider community begins to warm back up to the technology and the public begin to accept the technology.

I think we are at the very start of the trend of the wider public beginning to adopt the tech.

[akram143]

I saw a graph of the adoption rate of new technologies. In it there is a slow start and then an explosion in price. The price then capitulates into what looks like a popped bubble and this usually last for a very long amount of time. I feel like this lull period was between 2014-2016 for bitcoin. After the lull the wider community begins to warm back up to the technology and the public begin to accept the technology.

I think we are at the very start of the trend of the wider public beginning to adopt the tech.

I think bitcoin is not an adoption it just a only way to earn more profits to solve his or her basic things easily when comparing to other ways to earn because it takes time solve your basic requirements that's why I'm saying this .

[Leyss]

Such a revolutionary technology can not be implemented in one decade. This particularly applies to financial calculations, the money supply. This region generally does not tolerate anything new. I would say that we are on the introduction of crypto currency not at the initial stage, but not further than its second stage. The process of introducing crypto currency into our lives will be long.

[vidprab5]

I saw a graph of the adoption rate of new technologies. In it there is a slow start and then an explosion in price. The price then capitulates into what looks like a popped bubble and this usually last for a very long amount of time. I feel like this lull period was between 2014-2016 for bitcoin. After the lull the wider community begins to warm back up to the technology and the public begin to accept the technology.

I think we are at the very start of the trend of the wider public beginning to adopt the tech.

At the very present moment, the market growth rate is not that much as it must be or as we all are expecting to be but still most of the crypto currencies are actually doing exceptionally well and they are quite comfortably making some good name in the international market too. Most of the crypto currencies are at their early stages of adoption and all of them are striving hard to go to next level.

[ObscurePen]

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.

[donnyman]

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?

Definitely not. Most people already know what cryptocurrency is. Even my friends at uni are already talking about and have a chat group for it LOL. This is unheard of in 2013. Take a look at this picture



I think we're already at stage 4 — maturity. People who joined recently are considered late majority. One thing, I really hope we don't have to see the decline of cryptocurrency in our lifetime. There are still a lot of things to be developed in crypto, a lot of innovation could be made, so that cycle of adoption could always be renewed/revised.

When we do talk about bitcoin existence awareness including altcoins in the market then we are on stage on where it is already becoming the trend and i do believe we are still on the middle where theres still people which doesnt even know cryptocurrency exist. We are not on early adoption stage since bitcoin is already 8 years but one thing is rest assured this thing will really go further. Choosing on the visual i can say we are on stage 3.

Innovation of new altcoins is the result of cryptos' adaption. We are in the second stage of earlier stage. Econony started experiencing new cryto flavour. In return, every crypto user adapting new lifestyle. Blockchain technology as well is adapted in major sectors to protect their assets documents and other imortant sources. Our next generation is going to live a real crypto life in the following decades.

I agree with you.
We are still in stage 2. Crypto is still getting introductionin the world. Moreover people talking about it doesn't imply they adopt it yet. When the market cap of all crypto is in trillions of dollars then we are off stage 2