Did crypto become mainstream too early?

[faza13]

bitcoin launched in 2009 and this is already 8 years passed, I think it makes sense. only true that last year the movement of cryptocurrency was too fast, so it is normal if this year to experience bad bleeding market repeatedly, this is very normal as a means of balancing before finally cryptocurrency will meet its glory peak. let's wait 1-2 years later

[Ridwan Fauzi]

This is a consequence for the world of cryptos, because society will easily realize that the use of transaction systems offered by cryptocurrency can be well received by everyone.

I do not think you have a slow mind and think popular cryptocurrency is too fast. With such rapid technological developments nowadays, everyone will have a great curiosity, coupled with the many people who benefit from cryptocurrency easily they will also use cryptocurrency.

[m.vina]

Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?

I disagree. Crypto will never be useable for daily-life transactions until it gets more traction. Nobody will want to build on crypto until it has a huge following. I'm afraid it doesn't go the other way around. The more people that use crypto today, the faster scaling technologies will be built and the faster we grow.

[Bencus]

I dont see that crypto would have became mainstream.

It certainly true, that it got REALLY hyped, as it could make great headlines.

If it would be mainstream, then it would mean that we would be using cryptos for real-world usages. Utility tokens are not yet that popular in the the Average Joe's life. If it happens, then we could say that it became mainstream.

[buytheeffinD]

Maybe we haven't become mainstream just yet, only people know about us now. Perhaps the real mainstream push will come in a year or two when we are able to use cryptos and the push in 2017 was a tester push. I could be wrong, but man wouldn't that be an even better ride if I were correct .

[icalical]

Crypto deserve to be as popular as now, the features that crypto bring is nowhere to find in other stuff or currency. But by gaining popularity it also has many risk, many people will use it only to get profit for themselves and make loss to other, but in this case we should blame the bad people, not crypto.

[granchio]

Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?

I don't think that cryptocurrency is a mainstream yet. And also, I don't think the cryptocurrencies have got popular so fast, because many of the good projects are not very young.

[Gr4yF4ng]

I think it has. Hence why there are so many money hungry scammers creating terrible ICOs that provide nothing to token holders. People need to look towards cryptos that are establishing real revenues with real companies like AMB, ICX, and VEN.

[Crypdon]

Crypto has been around for quite a long time now but no-one was interested in it except a handful of people. Now that there is money to be made, everyone is joining in with new projects to accelerate mainstream adoption. Not too early at all, maybe a little late

[Julunguul]

in my opinion, this cryptocurrency was still too young, there is no such a great change in it from its conventional payment method, beside the tag "decentralized" and "zero fee transaction". That's why i think we really need to change  the way we think about crypto. this one should be more developed, and not just become for a "online transaction".

[tabas]

I would say that it must be better if they got in earlier so that they are not shouting for their losses instead they are appreciating the dip.

[shesheboy]

in my opinion, this cryptocurrency was still too young, there is no such a great change in it from its conventional payment method, beside the tag "decentralized" and "zero fee transaction". That's why i think we really need to change  the way we think about crypto. this one should be more developed, and not just become for a "online transaction".

in my opinion, this cryptocurrency was still too young,

no it isnt, its been already 9years since the first crypto came out (which is bitcoin ) .  i think 9 years is already far to say that cryptos are still young.

there is no such a great change in it from its conventional payment method, beside the tag "decentralized" and "zero fee transaction".

of course there is. There is alot of changes happening on the crypro scene. few examples are those hardforks and segwits , these events may seem to be patch for cryptos to fix some issues and to further improve their service.

Overall , cryptos did not became mainstream too early because there were only few people who knows and uses it. Majority of the population are still dont have any idea on what is a crypto.

[gbale]

crypto will be used by people in the activity every day and it will definitely happen just take a long time. it's like a time bomb that will explode anytime.
but most importantly how to speed things up.

[blacktux88]

Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?

hope and think this will be happen nex 10 years ... crypto hast to be a little bit stablier than now =)
and the mining part should be discuest because greenpeace and co will not be happy with the power situation of mining

[eagleman]

and the mining part should be discuest because greenpeace and co will not be happy with the power situation of mining

That makes sense, there are reports that mining bitcoin has a consumption of electricity more than a country.I forgot what country is that but greenpeace or any environment groups and activitists will also consider what you've said.

[Cryptodaddy05]

Hear me out: I think we got too popular too fast. The normal person on the ground would expect to use crypto much more for daily-life transactions but this is not currently the case. Maybe we needed some more time for the technology to mature (no scaling issues, slow transactions, etc) THEN the normies come in. Right?

I agree with you that crypto is still very complex, with complicated wallets with long public and private keys and needing to buy a major cryptocurrency with fiat and transfer it to a trading exchange wallet to buy other altcoins which then need to be moved to a personal online or offline wallet to limit the risk of hacking and theft. This is only for cryptocurrency enthusiasts, and it’s estimated that less than 1% of the population own or use crypto - although over 50% of the world population on are aware of crypto and interested in owning and using it eventually. And I agree that increased ownership and usage in the general population will come slowly over the next 10-15 years, as better blockchain architecture is developed that will allow development of dApps able to compete with the current centralised applications most people and industries use every day - and as layers are developed on top of the blockchains and apps that makes using crypto as easy as registering and pushing a button, and not the complicated process it is now. But I do feel that eventually after 10-20 years using blockchain and crypto will become the norm for mist of the population except the 5% Luddites who are slow to adopt any new technology, and that increase in crypto usage and ownership to most of the population will lead to enormous gains for we early adopters if we invest in crypto wisely the next few years!

[DevelopmentBank]

While some may think too early is a possibility, i would say it didn't. Crypto actually came at a very opportune time and moment because the world is now able to appreciate the potential of blockchain. Everything has to start somewhere and i'm happy of where we are now, while people are doubting in bitcoin, i believe this is a good time to invest.

[lunaelucemauram]

What the industry need is needs is trustworthy leaders and advisors to teach how the cryptocurrency works . One of the reasons of the instability in the crypto industry is because some of the existing and current menbers along with the new ones lack knowledge on how the cryptocurrency really works. That is why what ww would need is to teach about it trough leaders and advisers.

[renes]

It has not become mainstream yet, the popularity is temporary as you can see, it was just about hype due to increase in prices but popularity is constantly increasing.

[Sidiq SP]

I think it can not make it fast because it will make the change imperfect then it will fail in the market, but if it is done slowly but surely, and gradually cryptocurrency is done change and refinement, then the possibility to succeed is very big, just wait my time, here is my opinion on this matter