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Author Topic: [Article] 10 Reasons Why Cryptocurrency Isn't Mainstream Yet  (Read 179 times)
hatshepsut93
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June 29, 2018, 12:09:14 AM
 #41

I think there's only one big reason why cryptos haven't gone mainstream - most people are simply satisfied with banks, they don't experience any problems that are big enough to make them start looking for alternatives, people like the option of chargeback, since it gives them a feeling of safety when they do online purchases, and the last time people got angry at banks was more than 10 years ago, before Bitcoin was launched, and people in general seem to have very short memory. For an average citizen, cryptocurrencies have worse user experience and don't provide benefits for them, as people don't care about privacy and independence.

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June 29, 2018, 02:27:27 AM
 #42

I believe that the year 2017 was the year when cryptocurrency and blockchain technology went mainstream (on a theoretical part) but there is a still a long way to go when it comes to the actual ground level use of it in multiple sectors around the world. It is true that the biggest challenge is lack of awareness and high amount of misconceptions planted due to the misrepresentation by the media.

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July 06, 2018, 08:25:34 PM
 #43

That a good question, I do think it may not be possible in the nearest future for bitcoin to go mainstream because there's still plenty educating that needs to done, alps the volatility and regulations will hinder it for a while too.

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July 06, 2018, 10:46:50 PM
 #44

Why Crypto Hasn't Gone Mainstream Yet

After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?

One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.

Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).

So, why cryptocurrencies aren?t mainstream yet?

1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve

These are just the main outlines.

If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet

What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!
You practically said it all, but just to chip in a little bit, bitcoin will hardly be adopted in mainstream because its too volatile in nature, security concerns and poor awareness by the masses.
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July 13, 2018, 06:09:54 PM
 #45

Why Crypto Hasn't Gone Mainstream Yet

After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?

One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.

Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).

So, why cryptocurrencies aren?t mainstream yet?

1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve

These are just the main outlines.

If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet

What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!

Thanks a lot, nice info to think on
will recommend it for some friends
tokenlion
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July 13, 2018, 06:31:26 PM
 #46

Why Crypto Hasn't Gone Mainstream Yet

After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?

One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.

Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).

So, why cryptocurrencies aren?t mainstream yet?

1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve

These are just the main outlines.

If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet

What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!

Thanks a lot, nice info to think on
will recommend it for some friends

Thank you! Also, if we continue the same topic of cryptocurrencies, you can read about some blockchain use cases

Cryptocurrencies may have a hard time to go mainstream, but the technology will see adoption. What do you think?
tombola_official
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July 13, 2018, 07:30:40 PM
 #47

Thanks for your valuable post.
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