Progressing adoption

[Aura]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

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[TimeHacker]

Hm, hard to say how the broad picture looks like.
Maybe the transaction volume processed by payment gateways is decreasing, but the number of BTC transactions per day seems to be growing according to https://www.blockchain.com/charts

[hatshepsut93]

Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.

[Indamuck]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

[kingpin4321]

A topic similar to the one in which the OP has started has some time ago been discussed broadly on the forum
It would be wise you take a look https://bitcointalk.org/index.php?topic=5095408.msg49151869#msg49151869

[snipie]

Random and fake altcoins and tokens have a negative impact for the adoption of real cryptocurrencies including bitcoin...
The adoption will be more important in the feature in a cashless society for sure

[abojamal]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Decreased value may be the last step of adoption or for a pump
Whales are waiting for very low prices and they seem to be getting closer
The market can no longer go down
Banks, and the traditional financial system, are waiting for many concessions from a BTC society in order to maintain their leadership and huge gains.

[proTECH77]

There are series of blockage that hiders the progressing adoption of bitcoin which ranging from it legal framework which differs from countries to countries also there is issue of usability of the said bitcoin. The use and adoption will come but in near future i presume.

[harizen]

Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

That concern was already in the table for a long time now. It was being discussed. As far as my knowledge is concern, I think other merchants implemented the crypto payment system while others still not accepting even it's been years now since they got some request. And because of the bearish dominance that strucks the whole year of 2018, it's now not in the priority list anymore. I think if 2017 hype continues until now, we can see a big progress on "adoption".

As usual, just let the adoption grow without any hype. Trust the process.

[passwordnow]

We can't tell them what they should do about discounts or promo's just because they are accepting bitcoin as a payment. It's already a privilege if ever most of these merchants you'll talk to going to start accepting and adopting bitcoin as payment. But that's just it, we can't do something about it if they don't have the nerve to adopt it. If they see it profitable and helpful to their business, they'll adopt it but if there's no use to it and their customers aren't aware of bitcoin, they won't use it.

In addition, the transaction volume processed by payment gateways is also decreasing.

I don't think so that the volume is decreasing. $5B daily volume is too low for you?

[squatter]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?

That was true during the last longer-term bear market as well. It wasn't until 2017 that Bitcoin started regularly making headlines again. Before that, the media hype was pretty dead.

I remember seeing some chart from Bitpay that showed that consumer spending spiked a lot when price rose in 2017. Consumer spending might follow a similar pattern -- transaction volume might rise during bull markets and fall during bear markets.

[o_e_l_e_o]

For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees.

This is only true if the merchant accepting crypto is either keeping it as crypto, or trading it to fiat manually. If they are using a service like BitPay, which will allow them to accept crypto but instead be paid in fiat, there is a 1% charge which is pretty comparable/only marginally cheaper than most credit card transaction fees.

Therefore we should contribute as a community by helping merchants to implement this system in their store.

Agreed. I often hear people lamenting the fact that bitcoin adoption isn't more widespread, whilst simultaneously doing nothing about it and not trying to spend their bitcoin. Speak to your local grocer, coffee shop, corner shop, tradesman, whoever and ask them to accept crypto. If they don't know there is a demand, then they have no incentive to start using it.

[bitart]

A different perspective:
Merchants, who can afford to accept bitcoin and let it sit in their cold wallet now (that means they have to provide liquidity from elsewhere) so if merchants can afford not to just accept bitcoin and exchange it on the fly with payment processors, they would gain a lot in the case when the price of bitcoin will start to go up again. But until then, if they want to keep their accepted bitcoins, they have to put in some cash in order to let their business run... So basically they could just buy bitcoin directly if they want to accumulate some, there's no need to accept it, it's much more hassle and no gain on the short run.
They can choose to accept bitcoin and only exchange a part of it, to cover their costs, so in this case their net earnings will remain in bitcoin, so they can multiply their earnings on the long run, if they choose this. But in this case, the owners of the business have to wait some time if they want to get some cash out from their company as a dividend...

[dothebeats]

Adoption halts whenever bitcoin also halts on development within its own ecosystem, and also the price as well. As long as services and merchants don't hear anything about bitcoin on the news or even see it on the internet, they wouldn't bother and just go on with their merry way using fiat transactions on their services and merchandise. Should the trend and hype of 2017 carried on until now, we might even see small businesses integrating bitcoin and crypto payments, however that isn't the case.

[Indrawan77]

Since vitcoin got huge correction there hasn't been a lot of news, there are few adoption news in US and othee countries but all in small scale, if the government hasn't agree to legalize crypto there won't be any adoption, and from the bitcoin itself the volatility is too high when the bitcoin popularity hit the peak in 2017, there are merchants that try to receive btc as payment, but because of the volatility they said it's not suitable to be used for daily transactions yet, the progress of the adoption in ongoing but it moves in a slow phase

[aoluain]

Is it not just a simple case of merchants nit being aware that people
would like to pay with bitcoin and or crypto?

If we all have the attitude of holding bitcoin then we are not spending
it so there is no incentive for merchants to accept it

Bitcoin works great as a peer to peer payment system, there are no
borders and and transfers are quite quick but IMO the ecosystem
is not complete because people are buying bitcoin with FIAT so
what would be the point of buying a bicycle for example with
bitcoin which was bought with FIAT.

If there was more earning opportunities then there would be more
inclinations to spend. IMO

[bartolo]

The ball is in users court. What incentive did merchants have when they started to accept credit or debit cards? They even lose money when they are paid via credit cards, but they knew there were a lot of customers who wished to pay with their cards, so they had to implement them as a payment method. The same will happen with bitcoin. When there are a lot of customers who wish to pay with their bitcoins they will accept it as a mean of payment.

[CryptoBry]

Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.

These are realities that challenged Bitcoin maybe right from the very beginning and unless something concrete can be done to negate these challenges then these can all affect the long-term viability of Bitcoin. Of course, many hodlers and traders may not agree all with these facts but we can never bury our heads in the sands for too long. While we have to be dreamers we also have to be pragmatists...as we can't just wish things away and they are gone for good. Bitcoin can still be a shining prince though and the next few years can make it or break it. Let's all work to make the former a big reality.

[pooya87]

when you compare things with the ATH it obviously looks like decreasing. it is like saying bitcoin price is decreasing because it came down from $20k instead of looking at the bigger picture that it has increased from $0 to $3k+ in a short time.
the payment processors are actually seeing an increase in their usage but when you compare it with the ATH which has always been also the ATH of payments, it obviously looks like decreasing.
as for the adoption, it is not something that stops. it is always ongoing but since the price is not moving the media doesn't cover it much and consequently people don't hear about it. for example did you even know that a US state recently adopted bitcoin as a legal currency?

[Yaunfitda]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing.

Obviously, the hype died down. Specially when we entered the bearish zone in 2018 and up to this day.

In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?

I guess it really boils down to the volatility of the market. Business wise it's a downside, but who knows, maybe merchants are still at lost as to how accepting bitcoin will benefit them, (i.e increasing customers).

I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I think it will be a long process. And unless someone big, like Amazon started to accept bitcoin as payment and set the precedence, it will be a difficult road for bitcoin to be even become one payment options.

[virasog]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Well not much work has been done of the adoption of bitcoins. Those people who know about bitcoins are too busy in earning or using them that they do not care if other people also know about it or not.  Also people use bitcoins for trading purpose only and there is very less usage of bitcoin in buying and selling.

I think we all should use social media to encourage people use bitcoin as a currency and tell the benefits of using digital currency over Fiat to public.

[romero121]

As if now the market has been suffering a great fall. Progressing adoption is promised, and truly it is happening unlike the market fluctuations. In comparison to the market adoption that took place last year, the same is happening in the present year in a gradual manner. But past year showed mass adoption, and hope the same continues forever.

[LogitechMouse]

For me, there are other altcoins that are being created for payment line Pundi X and Electroneum. I know that Bitcoin is the first digital currency created but it is being hold by some investors there so it will be hard for Bitcoin to gain mass adoption. Anyway, adopting a currency takes a long time so lets just wait for some time and who knows, it will be adopted

[eaLiTy]

I think it will be a long process. And unless someone big, like Amazon started to accept bitcoin as payment and set the precedence, it will be a difficult road for bitcoin to be even become one payment options.

Amazon is not the only e commerce giant, there are other sites that are bigger in total number of sales in different parts of the world, the adoption rate was much faster in 2013 and i remember many sites accepting bitcoin, but then it slowed down drastically because of the bottleneck issue we had a few years back on how to resolve the number transactions and that delay simply shunned the mass adoption rate and many merchants who accepted bitcoin stopped accepting them anymore.

For me, there are other altcoins that are being created for payment line Pundi X and Electroneum. I know that Bitcoin is the first digital currency created but it is being hold by some investors there so it will be hard for Bitcoin to gain mass adoption. Anyway, adopting a currency takes a long time so lets just wait for some time and who knows, it will be adopted

Like i said above, if any coins will be accepted globally, it will be bitcoin and nothing else, anyone can come up with their own currency and that does not mean it will get mass adoption, we had a much better adoption rate with more online merchants accepting bitcoin way back in 2013, but the block size debate really put a dent to the adoption rate and that turned away even the old merchants away from bitcoin, if we could take decisions in a crisp manner and in time we would have had much better adoption rate globally from rate in which it was adopted in the initial stages.

[Ridwan Fauzi]

Bitcoin to be used as a payment system is indeed a good step for its development in the future. This is what I always want being a bitcoin users, I hope either traders, investors and bitcoin users have good intentions to make bitcoin they have to be use for the payment system. I just feel that the mass adoption comes when many people use bitcoin, this is no matter on the merchant side and I think they (merchants) will depend on the bitcoin user itself. Clearly, when many people use bitcoin as a payment system, they don't need long thinking about accepting bitcoin as a payment tool. They are a businessman, certainly will see a number of ways and find some innovations to sell their stuff easily.

[joseyphil82]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

I've said a lot about this idea before on this forum ,video gaming is spreading like an uncontrolled disease if bitcoin manages to enter the gaming industries from Sony to Microsoft and of cos Nintendo bitcoin will be a total huge success ,right now bitcoin needs to be integrated into real life use.

[kelz1]

The number of transactions is actually increasing and is similar to the 2017 peak. It has not reflected in the price but shows that there are more users and any pump will be quick and justified

[denzkilim]

Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.

Yep, and Bitcoin is hard to understand to average people especially to those people that have less knowledge in new technologies and innovations, I guess the mass adoption of Bitcoin will take more time to happen. The volatile nature of Bitcoin is one of the major reasons why merchants do not want to adopt this technology and a means of payment or reward.

[VitKoyn]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

It is true that trading volume of Bitcoin is very low compared way back 1-2 years ago but it doesn't mean that adoption will stop here. Its just a matter of time and people will have a confidence of entering the market again. Good idea about merchants but we all know that a lot of merchants, especially the big ones are still not ready to adopt it and use it in their service, and it is because of the price is highly volatile. We don't have to force the mass adoption to take place, it will just happen one day when people realizes how Bitcoin can improve their businesses and the benefits of using it especially that people right now are buying goods more frequently thru online.

[Distinctin]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

It is true that trading volume of Bitcoin is very low compared way back 1-2 years ago but it doesn't mean that adoption will stop here. Its just a matter of time and people will have a confidence of entering the market again. Good idea about merchants but we all know that a lot of merchants, especially the big ones are still not ready to adopt it and use it in their service, and it is because of the price is highly volatile. We don't have to force the mass adoption to take place, it will just happen one day when people realizes how Bitcoin can improve their businesses and the benefits of using it especially that people right now are buying goods more frequently thru online.

We are recently a part of this new era and so online business came strong and wild. People will love doing online just like gambling, trading and many others that is why this digital form of currency adoption have growing strong. We can certainly that it makes our life easier and comfortable, making transactions pretty good and no hassles. It absolutely in the next few years, crypto will be acceptable in all terms of transactions either local or online.

[Aura]

In addition, the transaction volume processed by payment gateways is also decreasing.

I don't think so that the volume is decreasing. $5B daily volume is too low for you?

What is your source? I think you're referring to the total volume? I believe most of these trades are concerning day trades not actual services or goods being bought with Bitcoin.

Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.

Yep, and Bitcoin is hard to understand to average people especially to those people that have less knowledge in new technologies and innovations, I guess the mass adoption of Bitcoin will take more time to happen. The volatile nature of Bitcoin is one of the major reasons why merchants do not want to adopt this technology and a means of payment or reward.

I believe the traditional banking system is more complex than Bitcoin's infrastructure. The majority is using the banking system without understanding how it works. Therefore I don't think you have to completely understand Bitcoin to apply it in life.

for example did you even know that a US state recently adopted bitcoin as a legal currency?

I read about some states regulating Bitcoin. I am hoping that it will spread to other states.

For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees.

This is only true if the merchant accepting crypto is either keeping it as crypto, or trading it to fiat manually. If they are using a service like BitPay, which will allow them to accept crypto but instead be paid in fiat, there is a 1% charge which is pretty comparable/only marginally cheaper than most credit card transaction fees.

Debit- and creditcard fees are averaging 2% in the United States. That means that using Bitcoin is still an increase of 1% in revenue, which is a lot actually.

Therefore we should contribute as a community by helping merchants to implement this system in their store.

Agreed. I often hear people lamenting the fact that bitcoin adoption isn't more widespread, whilst simultaneously doing nothing about it and not trying to spend their bitcoin. Speak to your local grocer, coffee shop, corner shop, tradesman, whoever and ask them to accept crypto. If they don't know there is a demand, then they have no incentive to start using it.

The city where I am living has currently over 100 physical stores that accept Bitcoin. On it's website you can find a graph that shows the purchase volume and amount of trades. However, this seems to be decreasing. What can we do to reverse this movement?

[ethereumhunter]

I think the adoption still on good progress although we know that the bitcoin value is decreasing. I don't think that adoption is a standstill and cannot reach more people to join in bitcoin. Maybe we need to spread about bitcoin in social media, in the local store or any place wherever we are. Or we can build one local community that is spreading bitcoin to the public so people out there will know more about cryptocurrency and specifically bitcoin. Besides that, I am sure that they will ask more about bitcoin itself.  There is a lot of homework for ourselves to help of bitcoin spreading to the public and people should know about bitcoin.

[fosco333]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

In this bearish market condition, we won't hear much about bitcoin in the media i guess.
The situation of the market can affect the news too. In 2017, there were many peoples come to crypto because cryptocurrency
was popular because the value of crypto coins were sky rocketing. Adoption progress is running fast when the market green.

[Aura]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

In this bearish market condition, we won't hear much about bitcoin in the media i guess.
The situation of the market can affect the news too. In 2017, there were many peoples come to crypto because cryptocurrency
was popular because the value of crypto coins were sky rocketing. Adoption progress is running fast when the market green.

That's basically the problem. Bitcoin should refrain from attracting people that see it as a gamble product. We need to attract people that are wanting to use it as a currency because it's financial and ethical benefits. The people that come when the price is on a sprint upwards leave Bitcoin for good when the hype is over, resulting a broken reputation. However for Bitcoin this is a much harder task because it is not a commercial company and therefore does not have the resources to do advertising.

[BitcoinHodler]

in my opinion the correct way of helping bitcoin adoption is that if everyone started from themselves. because we can't expect bitcoin being adopted when we don't want to spend our coins!
but if people started thinking of bitcoin more than an investment and started spending it more then there would be more merchants willing to get in on the market with a lot of customers (=demand) in it and that obviously is the best kind of adoption that we can hope for.

[cizatext]

Well it difficult to judge the adoption of bitcoin as a payment system using the market price as the tool of your analysis because the price of bitcoin can easily get manipulated and at that may not give you the right result, what you should is the amount of confirmed transactions being carried out on the bitcoin network with that you will fine out that bitcoin is getting more and more adopted.

[bitcampaign]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Unfortunately that adoption does not apply in my country, but I think if it is adopted by many people out there it will be better, I think we are all here not only wanting a bitcoin price but also a lot of adoption for bitcoin in the future

[aris av]

It's difficult to make it happen, maybe if we all think of bitcoin as a currency and use it according to its function, bitcoin can advance.

[Muzika]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

the market should be hit so hard by the cryptocurrency purpose, as long as the existence is there and there is no good things happens the price will be on the floor still, but if someone will create a thing that can bring cryptocurrency to the end then it might be the start of good things to happen in crpypto.

[SIDDHI777]

The crypt adoption rate seems like very slow these days mainly because of the high volatility in the market so merchants hesitate to combine there businesses with cryptocurrencies to receive or make payments because in moments it can turn into huge losses but with more stability and expansion among users definitely cryptocurrencies will be able to increase there adoption into online businesses in the near future but it might take some time

[Snyderfx2]

Bitcoin adoption into businesses is progressing than the past because earlier it was only treated like a investing asset but from 2018 on wards many spoke about how it can be implemented into business transactions as an alternative to fiat currencies and even under such pressures its progress is immense because no other currency in the crypto world can face and also survive that bitcoin has faced and I think there are major reasons why it has the capability to expand rapidly with companies and one is the demand or power it has gained as the first digital currency in the world and another reason is bitcoin enthusiast because for any currency to be alive there should be users and without that no currency can continue and even bitcoin lost considerable amount of potential holders still there are many users from the beginning until now and that helped bitcoin a lot to survive with these restrictions or barriers and that is the main reason bitcoin will continue to grow and progress with adoption in to businesses

[cryptovigi]

In order for mass adoption to be accelerated, it is necessary to increase the number of advantages for ordinary users ...

Today, many people have heard about bitcoin, but few that can name its advantages ... probably many of them have heard that it was possible to earn a lot on it, but also lose a lot in recent years ...
but still few people know what bitcoin really is, why it can be better than traditional (although modern) payment methods especially for ordinary people who just want to pay for goods and services and do not care about staying anonymous (although of course we know that other currencies are more suitable than bitcoins).

So for mass adoption, we still need education and further development of cryptocurrencies, which will increase the number of advantages for ordinary users.

[Reid]

Yes it is the merchants who is the key to all of this.

There is a problem though.
You cannot force it to them. Yeah give them ideas for a payment option, try bitcoin.
But at the end of the conversation with the merchant it will all fall again to one word. Volatility.

That is what they did not want. Too much movement with the price will risk their business.
So an effective merchant should be a bitcoin supporter too. A bitcoin enthusiast which is open to those kind of ideas.

[deisik]

I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Merchants will accept anything as long as it has some value and their consumers are actually willing to pay with it. Bitcoin does have value and its price tag of 3700 dollars per coin should tell you something, that is, it is definitely not for the lack of value that we don't see a lot of adoption. And that leaves us to deal with the fact that merchants are not willing to accept crypto because not many consumers want to pay with it in the first place

And you can't force people pay with Bitcoin even if they could

[Ucy]

Merchant/mass adoption will most likely happen when some cryptocurrencies are imposed by the authorities on the masses,-more like what Facebook is trying to do with its proposd stablecoin. Adoption won't happen naturally in this case. There is currently no incentive to attract people to cryptocurrency.

[deisik]

Merchant/mass adoption will most likely happen when some cryptocurrencies are imposed by the authorities on the masses,-more like what Facebook is trying to do with its proposd stablecoin. Adoption won't happen naturally in this case. There is currently no incentive to attract people to cryptocurrency

Well, I don't quite agree with your point

If there were no incentive to attract people to cryptocurrencies, then you would have to explain why the price of Bitcoin is still over $3000 (and how it got there from virtually 0). That's not something you can sneeze at or dismiss lightly. People are attracted to cryptocurrencies due to their speculative nature. Not many people in the world have the option of trading stocks, commodities, fiat currencies, etc, while cryptocurrencies make speculation easy and accessible for a common Joe. And by the looks of it, it is what people need and want (you can add gambling to the mix as well)

[xWolfx]

In order for mass adoption to be accelerated, it is necessary to increase the number of advantages for ordinary users ...

Today, many people have heard about bitcoin, but few that can name its advantages ... probably many of them have heard that it was possible to earn a lot on it, but also lose a lot in recent years ...
but still few people know what bitcoin really is, why it can be better than traditional (although modern) payment methods especially for ordinary people who just want to pay for goods and services and do not care about staying anonymous (although of course we know that other currencies are more suitable than bitcoins).

So for mass adoption, we still need education and further development of cryptocurrencies, which will increase the number of advantages for ordinary users.

Truth. They lose because they sell prematurely, doing this that way rarely ends up ok.

I will stick with the "Increase the number of advantages for ordinary users" - It could be for example, adding more Bitcoin payment methods with merchants everywhere. This point alone goes a LONG way in fact, the next step will be regular businesses implementing it not only in their websites but also in the facilities which will make it look a lot more real at the eyes of the regular people.

The last thing is precisely more stability that i believe will come someday when the currency matures a lot more. That is something we cannot control however.

[Halmater]

Although there is no an progresive improvement in the acceptance of payments by bitcoin on the part of big firms, I think that these companies have informed the governments about that the benefits of bitcoin use in the traditional sectors will bring to the economy. I think that there is a delay in this issue because of the governments which cannot make fast decisions.

[miropp]

I think it's not the sellers, it's the buyers. Many people do not want to spend their bitcoin and better pay in cash. But on the other hand, I think it's a good idea and it can help in the spread of bitcoin. The main thing that there was no ban from the state.

[Ultimist]

Everything has to start with people. We have to promote bitcoin by all means. At first, it will not be so easy, because many are not ready to part with their bitcoins. But worth a try. The government should play an important role in this matter. But when this will come is unknown.

[Denton]

If sellers are ready to accept bitcoins, then a certain number of buyers will still be found. Also, if there are buyers who are willing to pay with bitcoins, then sellers who are ready to accept it will also become more.

[jerrison]

the progress of the blockchain technology knows no bounds as people all over the world are moving towards the new technology by virtue of sensitisation coming in from meetups and seminars and conferences in different locations of the world and startups that have use cases on c=day to day basis. its further enhancing the massive adoption.

[tippytoes]

My take on this is that bitcoin adoption is not in a standstill situation as what the OP is feeling about. I believe that there is a growing number of people who are getting acquainted with the usage of bitcoin as a form of payment method and some are for their remittances in their respective countries.

[DevilSlayer]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

The awareness about cryptocurrencies are rapidly spreading and that's why the adoption is now happening. The merchants are now attracting to use bitcoin because of the advantages and benefits that they are getting.

[lablab03]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

  yeah.  Surely million of gamers around the world will start to adapt bitcoin if that time happened because of being have an addiction playing games especially online games  for sure there will be a great progress in the market abd stable growth rate.  .

[market-beta]

one of my close friends. adopt bitcoin in the long term and after all these years. Bitcoin prices rise and soar to space. when it approaches the end of 2017. he takes a portion of his assets. and even now he is a millionaire

[maydna]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Unfortunately that adoption does not apply in my country, but I think if it is adopted by many people out there it will be better, I think we are all here not only wanting a bitcoin price but also a lot of adoption for bitcoin in the future

The adoption will happen this year and the future, and I am sure people will know about bitcoin. When bitcoin can rise again in this year or the next year, it surely will attract people to search more information related to bitcoin, and if they can find the advantages and disadvantages of bitcoin, perhaps they will decide to join into bitcoin world. Once they can gather so many information about bitcoin, they will know that in the cryptocurrency, it's not the only bitcoin but cryptocurrency have altcoin. So when they already know about bitcoin and altcoin, the process of adoption will begin and more people will come to the cryptocurrency.

[MI6]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I don't think merchant will be good anymore to attract people to use  bitcoin. If that is for transaction that need low amount of money, fee to send bitcoin will be problem. Because sometime fee is bigger than price of product  that we sale in merchant.

[SistaFista]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

When the crypto market in the bear situation, we won't hear about it often.
But if you see in 2017, we heard many news about crypto because the market was in the bull condition.
2018 was a bad year for crypto because crypto value has going down to the bottom until now, that's why we don't hear much on the media.

[GrayFullbuster]

Hm, hard to say how the broad picture looks like.
Maybe the transaction volume processed by payment gateways is decreasing, but the number of BTC transactions per day seems to be growing according to https://www.blockchain.com/charts

The transaction per day that continuing to grow is one of the proof that the adoption is occurring. In my community, there are more people who interested to use bitcoin in their daily transaction. There are now also many Bitcoin atm in my community and it seems that many people are really interested to use and buy bitcoins.   

[joshy23]

Hm, hard to say how the broad picture looks like.
Maybe the transaction volume processed by payment gateways is decreasing, but the number of BTC transactions per day seems to be growing according to https://www.blockchain.com/charts

The transaction per day that continuing to grow is one of the proof that the adoption is occurring. In my community, there are more people who interested to use bitcoin in their daily transaction. There are now also many Bitcoin atm in my community and it seems that many people are really interested to use and buy bitcoins.   

That's a good news there, adoptions are being seen coming from transactions that has been done daily, more businesses and individuals are been
attached with crypto process, after some time we will see massive that will bring this system to be more useful from daily transactions that will
be process from each countries who already cater bitcoin/crypto.

[SkustaClee]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

We the bitcoin users should do a way where we can promote bitcoin to others. The adoption will not occur if we will not do something. I keep influencing my friends to patronize bitcoin for them to get also opportunities and benefits. There are now many people that I influenced who sharing their information to others, it is like a domino effect where people are becoming aware to blockchain technology.

[ethereumhunter]

Hm, hard to say how the broad picture looks like.
Maybe the transaction volume processed by payment gateways is decreasing, but the number of BTC transactions per day seems to be growing according to https://www.blockchain.com/charts

The transaction per day that continuing to grow is one of the proof that the adoption is occurring. In my community, there are more people who interested to use bitcoin in their daily transaction. There are now also many Bitcoin atm in my community and it seems that many people are really interested to use and buy bitcoins.   

That's a good news there, adoptions are being seen coming from transactions that has been done daily, more businesses and individuals are been
attached with crypto process, after some time we will see massive that will bring this system to be more useful from daily transactions that will
be process from each countries who already cater bitcoin/crypto.

I am sure we will see the transaction will bigger than now because of the adoption process continue. We can hope that soon, many people will know about bitcoin and they will use bitcoin too. But yes, we need to give time for bitcoin itself to introduce in everywhere so many more people will come to bitcoin world especially if they can see the opportunity that bitcoin can give to them.

[Halmater]

Adoption of Bitcoin in payment or money transfer in traditional markets is a very complicated issue and needs to be tailored for each area. In addition, legal regulations need to be established. Of course, the issue of taxation is also a matter of contention. For many reasons such as these, slow progress is made in the adoption of bitcoin, but I think that this issue will be completely resolved within a considerable period of time.

[cizatext]

Bitcoin adoption have not come to a standstill and if you take your time to note the number of transactions being carried out on the bitcoin network you will discover that the level of bitcoin adoption is on the increase and at that the price may be on the decline but even at that bitcoin is still the first choice when it comes to making online payments.

[tenakha]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I agree with you completely. The developments regarding the adoption of Bitcoin have been increasing everyday. After I do not think that going against it can be easy and these developments are a sign that we will get what we want. In course of time, the status will reach higher level as people understand.

[serjent05]

I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

It is true. Not only that bitcoin is a cheaper alternative to credit cards but bitcoin is also a good thing to those who do not have credit cards at all. If only there will be more and more markets or merchants that would agree to accept bitcoin as a mean of payment, it could indeed open a door to a wider adoption of bitcoin but I think merchants are afraid to trust bitcoin on this matter.

[blueteam09]

Merchant/mass adoption will most likely happen when some cryptocurrencies are imposed by the authorities on the masses,-more like what Facebook is trying to do with its proposd stablecoin. Adoption won't happen naturally in this case. There is currently no incentive to attract people to cryptocurrency.

Accepting anything from the government brings great risks to the level of influence. Stablecoin has the same stability as USD, but this will not attract investors because it is difficult to make a profit. Venture investors don't have anyone interested in stable coin because it's like shit.

[reality18]

Bitcoin has come this far and its growth in terms of adoption is apparently incredible now as compared to some few years back. However, the growth seems to have slowed down and this is largely due to the long bear market. People and investors are now waiting for the signal of the bull market before they jump in the scene again.
For Bitcoin to meet mass adoption and achieve most of its goals, developers of games, and other relevant apps who are cryptocurrency enthusiasts must integrate it as the major payment method because the online gaming industry is fabulously growing.

[Peashooter]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Until there is no progress in the price of bitcoin and even the market are now down. But, now there are progress in adopting just like what I hear in the Philippines where there a bank who will launch cryptocurrecy ATM. So because of this the demand of cryptocurrencies will might increase and the market will start to rise again.

[jrrsparkles]

The number of unconfirmed bitcoin transactions were increased comparing to the previous month which descibes that people are interested in bitcoin still so nothing to worry about the adoption for now,it will happen when we meet the bull run.Lot of negative news from the media about crypto currencies can lesser the growth but they neve can affect in the longer term.

[Oceat]

The number of unconfirmed bitcoin transactions were increased comparing to the previous month which descibes that people are interested in bitcoin still so nothing to worry about the adoption for now,it will happen when we meet the bull run.Lot of negative news from the media about crypto currencies can lesser the growth but they neve can affect in the longer term.

I don't think the number of unconfirmed transactions was increasing from the previous year like last 2017 where a lot of people are suffering from the days of delays or even weeks per transactions. As what i have seen in the chart it seems that it is gradually increasing after the bull run yet bouncing back and forth. This just means that there are lots of progress in the adoption of Bitcoin.

https://www.blockchain.com/charts/n-transactions

[teejayrichard2]

i totally agree with your idea, we need massive adoption for bitcoin now in other for us to see it grow. if merchants should adopt its use and offer customers some discount if they trade with bitcoin, it will make bitcoin greatly adopted for use by so many people. This is a step we all should take and let everyone in.

[Bitfling]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Until there is no progress in the price of bitcoin and even the market are now down. But, now there are progress in adopting just like what I hear in the Philippines where there a bank who will launch cryptocurrecy ATM. So because of this the demand of cryptocurrencies will might increase and the market will start to rise again.

We can not force merchant to accept bitcoin as payment, its depend on government regulation. Merchant will accept bitcoin if government regulate bitcoin. Adoption will happen step by step and not too fast because bitcoin is decentralized cryptocurrency.
I am glad that philipines will have their own bitcoin ATM and hopely this make people more have knowledge about bitcoin and crypto

[reality18]

I have strong hope that eventually Bitcoin and cryptocurrency will grow incredibly massive in its adoption. Day after day, new people get to know about cryptocurrency and as the technology gets refined with more developments, the patronage will gradually increase irrespective of the resistance it may meet along the way.

[shesheboy]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

Until there is no progress in the price of bitcoin and even the market are now down. But, now there are progress in adopting just like what I hear in the Philippines where there a bank who will launch cryptocurrecy ATM. So because of this the demand of cryptocurrencies will might increase and the market will start to rise again.

We can not force merchant to accept bitcoin as payment, its depend on government regulation. Merchant will accept bitcoin if government regulate bitcoin. Adoption will happen step by step and not too fast because bitcoin is decentralized cryptocurrency.
I am glad that philipines will have their own bitcoin ATM and hopely this make people more have knowledge about bitcoin and crypto

Thats good to know that many countries are now slowly adopting cryptos . whats even gooder is that they are now building bitcoin powered atm's for more easier trades  . btw ive seen alot of merchants online that are now accepting crypto as a source of payment and they didnt care at all even if cryptos are not centralize or regulated because they knew that cryptos are too useful and can boom in the future . thats why its good if they are first to suport it because their costumers can easily trust them in the future .

[iMark]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I agree with you completely. The developments regarding the adoption of Bitcoin have been increasing everyday. After I do not think that going against it can be easy and these developments are a sign that we will get what we want. In course of time, the status will reach higher level as people understand.

if the development of bitcoin progresses every day, why the price of bitcoin  doesn't see a progress? is it there a correspondence and relation between the development of bitcoin adoption and the prices that occur on the market right?

[BTMBitcoinVN]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

What's the chance any of the major companies doing this? Just imagine the loss in revenue from the potential users that will refuse to adapt.

[ethereumhunter]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

What's the chance any of the major companies doing this? Just imagine the loss in revenue from the potential users that will refuse to adapt.

Don't worry, they will learn from the loss, and they will know how to solve or recover the losses. The new people who come to bitcoin will see the new opportunity for using bitcoin and not only to spend bitcoin itself, but also to save more and more bitcoin. I think the adoption progress continue and when the time comes, we will see many people will use bitcoin and not just for the payment method.

[Burogh]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I agree with you completely. The developments regarding the adoption of Bitcoin have been increasing everyday. After I do not think that going against it can be easy and these developments are a sign that we will get what we want. In course of time, the status will reach higher level as people understand.

if the development of bitcoin progresses every day, why the price of bitcoin  doesn't see a progress? is it there a correspondence and relation between the development of bitcoin adoption and the prices that occur on the market right?

I dont see relation between bitcoin price and adoption on our life or merchant. The price always determined by demand and supply and i think its about market speculation. Adoption happen should not considering on the price but on the technology or functionality

[thankyoulord]

the truth is bitcoin has gotten so much publicity but what it needs now is massive adoption so it can be used for day to day transactions all across the globe. as you stated one major way of achieving this is if merchants make it complusory and also provide discount for every transaction done with bitcoin

[SIDDHI777]

Adoption will progress successfully in the near future what Bitcoin need it more time to make its price more stable with recovery and adoption rate got very slow recently mainly because during the previous price decrease the dip was much higher and Bitcoin losses were much bigger than any other time in the crypto market history so many traders lost there hard earned money instantly so with that kind of situation merchants are little hesitant to accept Bitcoin but time will definitely cure this problem  and it will progress in the future

[ecnalubma]

I believe transactions are increasing and that is good news for the industry. Its hard for merchants to adopt such payment due to high volatility and less consumer demand but definitely it will be widely used in the future once price may stabilise.

[Ispep]

I believe transactions are increasing and that is good news for the industry. Its hard for merchants to adopt such payment due to high volatility and less consumer demand but definitely it will be widely used in the future once price may stabilise.

That is the major hinderance for merchants,relying on the bitcoin whos price is not stable,they could incur loss and it'll not be good for their business in any way.
But the only way adoption can come quicker is via bitcoin being used for buying and selling but volatility is a stumbling block to that effect

[Mister1k]

I trust investor and bitcoin traders mean well to make bitcoin they must be used. I simply feel that the mass selection comes when numerous individuals use bitcoin, this is regardless of on the trader side and I figure they shippers will rely upon the bitcoin client itself. Plainly, when numerous individuals use bitcoin as an installment framework, they don't require long reasoning about tolerating bitcoin as an installment apparatus. They are a businessperson, positively will see various ways and discover a few developments to move their stuff effectively.

[Vaskiy]

There are different altcoins that are being made for installment line Pundi X and Electroneum. I realize that Bitcoin is the primary computerized cash made yet it is being hold by a few speculators there so it will be hard for Bitcoin to increase mass reception. Anyway, receiving a money takes quite a while so lets simply sit tight for quite a while and who knows, it will be embraced. Right now some form of embracing moment have come as the market looks bullish.

[cryptomaster420]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?

That was true during the last longer-term bear market as well. It wasn't until 2017 that Bitcoin started regularly making headlines again. Before that, the media hype was pretty dead.

I remember seeing some chart from Bitpay that showed that consumer spending spiked a lot when price rose in 2017. Consumer spending might follow a similar pattern -- transaction volume might rise during bull markets and fall during bear markets.

Agreed. I find it easier to SPEND crypto when it's priced high - it's my way of cashing out. Now that it's low I'm almost sure it will go up eventually so I don't want to lose any of my coins 

[BennyK]

There is no doubts about the gradual growth in Bitcoin adoption yearly. Comparing the adoption of Bitcoin from 2009 and now, one can confirm how incredibly far this innovative technology has come. Some shops in America have integrated BTC into its payments and the Central Bank of India has also authorized Bitcoin and cryptocurrencies. This is how the crypto space in eventually growing.

[mapanlah]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

maybe not only games that use bitcoin as payment, if we want to see extraordinary potential in some marketing and advertising, this can be a good land for the use of bitcoin as a payment tool in advertisements, because the advertising of the system without borders requires global currencies, Bitcoin is very appropriate when used in buying and selling products that enter advertisements.

[Fatunad]

Collaboration of bitcoin with credit/debit card functions might be seen or not depending on a certain bank but most likely this thing wont ever happen yet crypto do have a different path. The good thing here is that there are merchants who do consider to add up crypto payments.

[BitcoinHunt3r]

Bitcoin needs that one killer app to bring in new users.  Look at how many of these video games gets hundreds of millions of users per month.  If some revolutionary service or game only takes BTC as payment that would be groundbreaking.

maybe not only games that use bitcoin as payment, if we want to see extraordinary potential in some marketing and advertising, this can be a good land for the use of bitcoin as a payment tool in advertisements, because the advertising of the system without borders requires global currencies, Bitcoin is very appropriate when used in buying and selling products that enter advertisements.

All choices is depend on us, on people who want to start to use it as payment if their government make it  legal. But maybe people still can to choose other payment on them. I think it will not make them loss because they can sell their coins immediately.

[sehoon]

Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?

I doubt the media even ask the richest people who trusts bitcoin and other cryptocurrency. And we really can't blame the media for talking about bitcoin's decrease because it is the truth. As of now, we haven't seen it boom which is the same with the altcoins. There is also a possibility that the media is not reporting bitcoin's advantages and how can it help people. Even the people around me is saying that they don't want to risk their money on bitcoin because of it's volatility and may lead them to loss their money. Now, my idea for progression of the adoption of bitcoin is looking at its positive side as well. We should look what happened to bitcoin and how will it evolve.

[faceoff97]

We cannot force the immediate adaption of Bitcoin, most people haven't realize yet the benefits of crypto. Time will come when community have fully grown, product and services could be avail in exchange of coin. We are getting there, it's just that as the community grows the negative impression also spread.  When most people realize that it is the easiest and safest way of transaction, they would choose to have it. 

[ajqjjj]

I believe transactions are increasing and that is good news for the industry. Its hard for merchants to adopt such payment due to high volatility and less consumer demand but definitely it will be widely used in the future once price may stabilise.

It is not a fiat currency so small merchants are not accepting the crypto transaction. So we need mass adoption in cryptocurrency.
The only way to accepting the crypto is legalisation of cryptocurrency because once legalised in crypto automatically government will involve in this platform.

[Pattart]

the truth is bitcoin has gotten so much publicity but what it needs now is massive adoption so it can be used for day to day transactions all across the globe. as you stated one major way of achieving this is if merchants make it complusory and also provide discount for every transaction done with bitcoin

News about bitcoin has spread throughout the world, many people have also heard about bitcoin. but I think many people are not ready to move to more advanced technology, so many people still ignore it. I think this adoption takes more time..

[Altero]

We cannot force the immediate adaption of Bitcoin, most people haven't realize yet the benefits of crypto. Time will come when community have fully grown, product and services could be avail in exchange of coin. We are getting there, it's just that as the community grows the negative impression also spread.  When most people realize that it is the easiest and safest way of transaction, they would choose to have it. 

It could be better for them to think good things about crypto and they'll find out how profitable it is. Forcing them won't makes sense at all if they just only ruin the market instead of helping it. They never understand so it feel hard for them to adopt the system, letting them to found out the benefits they might have in the future and its up to them if they will pursue it.

[Koro-Sensei]

Well South Korea is trying to adopt crypto currency KYC, little by little crypto currency is being introduced or being acknowledge by some countries. Be ready for a potential wave in the future. We cannot deny the fact it is truly helping us all user, not only it helps us profit it also provides great services that gives us convenience. Even though it provides us all of that there is still an issue about this I don't know long will it last like that.