Progressing adoption

[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

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[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.