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Author Topic: What do you believe is needed for crypto currencies to be mass adopted?  (Read 379 times)
Canis Majoris
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March 23, 2018, 10:37:55 AM
 #101

As adopters, we should show the people the true usage of cryptocurrency. As for bitcoin, we should use it as a currency/payment option more than an asset because the more people who hold it for a long time and then sell it if they got profit, the continuous flow of the coin will not happen. I know that it is hard for now to use it as a currency because the merchants are limited so you can't totally use it in all of your transactions.

That's all good and nice, but how are you going to implement that in practice? Yes, I agree that we should use Bitcoin as a currency to pay with it for goods. But there is no economic incentive to make people pay with crypto. People buy coins with the sole purpose of selling them later at a higher price. If they buy and the price goes down, everyone will be telling you to hold and wait till the price rises. You won't find here anyone who would tell you to spend the coins. This is the attitude prevailing among crypto holders, and there is nothing you can do with that.
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March 23, 2018, 10:58:14 AM
 #102

For me the first step needed for crypto currencies te become mass adopted is education.
We need to educate all the people about bitcoin, like what it is, how this thing work, how its made and etc.
And all cryptos should be more stable interms of their price, it is not that easy because we cannot control the price of all cryptos but this thing will help a lot to achieve mass adoption

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March 23, 2018, 05:18:02 PM
 #103

I think we need advertisement across the globe and mainstream media for BTC to proliferate and be adopted by the public. All of bitcoin's features should be spread by the media and not just the negativities and rumors. The technology behind and how it works should be understood first before the public place its trusts.
You are mistaken we cannot rely on the mainstream media to advertise bitcoin they are bought they will do whatever they are told to do, they are not going to promote bitcoin and risk their careers and their source of money just to promote something like bitcoin, this is why promoting cryptocurrencies in social media was important but now that is not possible either with the current bans.



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March 26, 2018, 11:09:46 AM
 #104

Most of investors still stay out of bitcoin for the reason that it's totally decentralised and doesn't have any authority to either ensure its price or to control any types of scams.So if bitcoin gets globally regulated,then it would help mass adoption.
Regulation and that too worldwide would not leave any difference in bitcoin and paper money. The new and unique feature of bitcoin rather all crypto currencies is that they are decentralized. No one is regulating them which ensures that these coins are the property of users. People are tired of staying under the control of the corrupt politicians who snatch their wealth in the form of taxes.

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