pawanjain (OP)
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March 18, 2019, 06:41:42 AM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
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Beerwizzard
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March 18, 2019, 08:00:41 AM |
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Maybe that happens because blockchain and bitcoin are not exactly the same things? For example some random company can store their data on their own blockchain to become more resilient to hackers. They don't need to issue their own coin and they won't do it because they just need just safe storage. So, in this case, why should it influence Bitcoin price when cryptocurrencies are not involved into those things? What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
Cryptocurrencies is just one of many ways to use blockchain. Bitcoin won't grow with the same speed as blockchain adoption grows in the other spheres.
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blockman
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March 18, 2019, 08:03:28 AM |
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Don't expect that things will be easier for the people that doesn't know what bitcoin really is. It takes time for the whole world to hear the news about blockchain and mostly about bitcoin.
They may understand what blockchain as the technology behind bitcoin and when they hear about what btc, all they think it's about scary currency on the dark web and so on. And to relate on that, it stops most to use it. I wouldn't compare the growth of both, what's important is that both of them are growing in adoption regardless of the speed.
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meanwords
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March 18, 2019, 11:03:18 AM |
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The thing here is that it's really not user-friendly. You need some basic technical knowledge about Bitcoin before you could use it. Unlike another way of transactions where people only need to submit things, in Bitcoin, you need to do it yourself and you need the gadget to do it. I think that's one of the hindrances in making Bitcoin mainstream adoption possible. Well, we can spread Bitcoin to others though or be a developer and help in the development of Bitcoin lol.
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traderethereum
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March 18, 2019, 11:11:49 AM |
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So we know that blockchain can solve many things related to the report and it's not about the financial report only. I am sure that soon, people will hear about blockchain although they don't know more details about blockchain, at least they know that the blockchain is a new technology.
The mass adoption itself still on the progress to reach more people which we are sure it will happen in the future because blockchain still in the development to be better and I am sure that there will be many projects (out of the scam project) that will use blockchain and will work into one field.
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dothebeats
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March 18, 2019, 11:17:39 AM |
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Blockchain can easily be integrated into other forms of systems and whatnot, whereas bitcoin is a completely different system of its own with blockchain already integrated, and to be frank not all people feel the need to use nor associate themselves with bitcoin seeing that fiat and other forms of digital payments are still doing them something good. Also, with the ridiculously low number of merchants hanging around the cryptocurrency ecosystem, I don't think people would ever be interested nor enticed to use bitcoin without any places to spend it. Not everyone is also confident on investing in bitcoins with the current market conditions; people only come when there is an obvious profit into something, and that is during the bull runs wherein people think they can score easy profits on a highly unstable price rise.
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Kemarit
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March 18, 2019, 11:20:20 AM |
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This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future.
Of course, blockchain is a revolutionary technology, and it has many advantages that's why government companies and taking advantage of it and it's not that bad though. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
We can't do anything at this point. Bitcoin will run on separated course. It doesn't mean that when governments around the world see's blockchain as a good thing, they should embrace bitcoin as well. Let's Bitcoin though it's thing, so far adoption is really slow, but in no time, maybe in the next 2-5 years, it will grow eventually. Awareness is already there, but there are so many factors to consider before even have of the globe consider bitcoin, (for one its volatile nature).
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muslol67
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March 18, 2019, 11:59:17 AM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
This is completely normal. There's no Bitcoin without Blockchain. But the opposite is possible. So Blockchain is technically a bigger piece than Bitcoin. There are a number of things that make Bitcoin special and will become more understandable and usable over time. It's just a matter of time ...
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eaLiTy
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March 18, 2019, 12:11:09 PM Last edit: March 18, 2019, 12:31:57 PM by eaLiTy |
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The value of bitcoins has peaked above $ 19000 in 2017, the year 2018 was not a promising year for the cryptocurrency market when it comes to the valuation. There are more likely chances for the price of bitcoins to surge with a huge leap in the market which could cross $ 50000 most probably in the next bull run, but i do not expect the market to hold that valuation for a long time. Blockchain technology has brought a tremendous change and many of the companies and governments have accepted the blockchain technology due to high transparency in the blockchain technology. Adoption will happen gradually and we will attain that goal.
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davis196
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March 18, 2019, 12:34:47 PM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
There are som many financial "experts",economists,politicians and business moguls that say "blockchain is awesome,but bitcoin is a bubble".They aren't familiar with how the blockchain works,but they keep pumping the hype.The blockchain technology still hasn't been adopted in any of the areas you mentioned. There's still lot's of potential for both bitcoin and the blockchain,but we should stop listening to the fake gurus.
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alisafidel58
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March 18, 2019, 12:57:23 PM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... Yes, it's true that bitcoin and blockchain have come so far. The blockchain is not involved or has been implemented from the things that you said. But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. It's because of the civil war that has been happening for years and it's taking its toll upon bitcoin, that's why its progress is slow. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future.
It's getting bigger day by day so there's nothing to worry about bitcoins future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time? Bitcoin is vastly known throughout the world, so there not much we can do. If you are talking about its price, then just put your faith into bitcoin and it will reward you.
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avikz
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March 18, 2019, 12:59:14 PM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
Growth of bitcoin has no relation with the growth of blockchain. Both are separate things and should not be compared with each other. Just for an example, India has adopted blockchain and one of our states called "Telengana" has started issuing birth certificates on blockchain. However, this same country asked Banks to stop providing services to the crypto related companies. So this is how it is!! Bitcoin is growing slowly but surely! It would take it's own sweet time but it will reach the goal at the end of the day! But there's certainly no way to tie the growth of bitcoin with the growth of blockchain!
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AAKODI
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March 18, 2019, 02:50:02 PM |
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I agree even Bitcoin is developed and introduced based on Blockchain technology there is no significant connection between growth of blockchain technology and Bitcoin because blockchain is a technology that can be used and adopt into many industries without any interference of BTC due to its potential qualities and we see many companies does that but without Bitcoin I doubt that anyone even notice the name of such technology
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pawanjain (OP)
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March 18, 2019, 04:50:31 PM |
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Bitcoin has grown so much over the years and so has the Blockchain and it's use. Today Blockchain has so many use cases such as banking, real estate, network solutions, healthcare etc... But with the growing development of the Blockchain, bitcoin is still lacking behind with the adoption. The adoption rate has been increased over the time but is still less than expected. This shows that the people/industries trust more on blockchain and less on bitcoin. Don't you guys think if it keeps going on like this then bitcoin won't make it big in the future. What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
There are som many financial "experts",economists,politicians and business moguls that say "blockchain is awesome,but bitcoin is a bubble".They aren't familiar with how the blockchain works,but they keep pumping the hype. The blockchain technology still hasn't been adopted in any of the areas you mentioned.There's still lot's of potential for both bitcoin and the blockchain,but we should stop listening to the fake gurus. You might be wrong here because there are so many industries that have adopted the blockchain technology. IBM is using blockchain for Banking. Deloitte is using blockchain in Real estate. Juniper Network is using blockchain in network solutions. There are many which I have not mentioned here. You can refer the below link for the rest of it's use cases and companies which have adopted it. https://blog.advids.co/20-blockchain-use-case-examples-in-various-industries/
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MakeMoneyBtc
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March 18, 2019, 05:01:41 PM |
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People know that in order for them to be able to use blockchain technology they don't need to also work with bitcoin. Meaning people definitely like the idea of blockchain and the advantages that it brings to all industries but they don't consider bitcoin necessarily a part of that blockchain technology we are talking about. Sooner or later, if blockchain technology will become very popular there are also going to be people coming from it to bitcoin. Even though not 100% of those people involved with blockchain will also get involved with bitcoin i think eventually most of them are going to do it since bitcoin is the first thing that made blockchain technology so popular as it is today.
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KennyR
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March 18, 2019, 06:13:44 PM |
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Long back itself this issue is getting revolved all around. Earlier people had a misunderstanding between blockchain and bitcoin. In this way some countries banned blockchain and later understood its need and adopted into the country's whole financial infrastructure. Growth of bitcoin is supposed to happen with blockchain, recently such growth isn't experienced as market seems to be on a varied platform.
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Prophet Muhammad Coin
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March 18, 2019, 06:27:36 PM |
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Dear friends, There is no two opinions that blockchain technology is the demand of future. Bitcoin value at this point of time is undervalued as far as my personal opinion is concern. There are n no. of factors which are going to make bitcoin price to new heights but this is also a fact that it will not happen very soon. I am sure in 3-5 years it will hit the rate beyond our imagination. Thanks
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Harlot
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March 18, 2019, 06:52:14 PM |
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The way I see it is it depends on where you are looking at. If you are looking at big businesses such as financial companies then you would obviously notice that they are more involved in blockchain rather than cryptocurrencies. But if you look at the cryptocurrency community you will see the exact opposite. The thing is in terms of usability both have more purpose to their users and I don't see one of them being more popular than the other as both of them are still considered young and both of them still has to receive proper footing in our world to develop.
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teejayrichard2
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March 18, 2019, 08:34:06 PM |
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what you put up is the truth, people believe the blockchain technology more than bitcoin. To me i feel the reason why we don't see much adoption on bitcoin is due to the fact that lots of people are scared of its volatility especially since price dropped from 19k dollars. Lots of persons heard when the price pumped but then when it dropped it put a fear in them. We should talk to people more about the benefits of using bitcoin and show them how it can be used. Most persons have heard about bitcoin but have no idea what bitcoin really is, so its our responsibility to talk to every person we come across about bitcoin and its great benefits.
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Coyster
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March 18, 2019, 08:49:48 PM |
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The blockchain technology can perform so may real life operations, it can be implemented in more areas than just in the cryptocurrency area, that's the reason why it has grown and will continue to grow faster.The blockchain technology has more use than the bitcoin and it's more easily accepted
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