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nur rochid
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April 24, 2019, 03:18:09 PM |
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Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.
for mass adoption does require support from the government. because not a few investors are questioning legality. of course, because we live under a law made by the government, with this legalization, large investors are more comfortable investing and using it |
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ausbit
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April 24, 2019, 04:39:36 PM |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
Adoption will start from individuals who truely believes in cryptocurrency. Each one of us who's believe in what cryptocurrency can bring to the table adopts in it's technology and it's a no question on how it will happen because it already happened in each and every one of us. It doesn’t end with us, there are still so many people that are yet in the loop, in fact, we still have at least 75% of the world’s population that are literate, yet to get the awareness of bitcoin, and not to talk about adopting it. So, we should not think that because we know it, assumes other do too. If we really want the adoption to be wide, we need to do more than what we are doing now, we need to use every means and tools we all have as a believer to create the awareness, so that the adoption can spread even without the intervention or enforcement by the government who believes in crypto currency. Through us, the government will be forced to adopt it too. |
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GregH37
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April 25, 2019, 07:40:11 AM |
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Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.
The moment government adopt the blockchain technology, I am sure they will start thinking of how to regulate it, I know that many of us believe that cryptocurrency cannot be regulated, they might not be able to regulate it directly but a system will still be created that will make it a partial centralized system. With time, adoption rate will gradually grow to its peak, just that it will take time and not be as fast as government influence on it, but I know that sooner or later, they will also buy into the idea and see the reason to rely on cryptocurrency just like I heard that some countries are already doing so, top countries like USA who would always want to stay on top as the Giant of the world will not watch smaller countries take advantage of the TC before them. |
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Kwansimaa
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April 25, 2019, 10:14:38 AM |
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If you mean to say when the adoption of cryptocurrency would be then i guess it would start in the advanced countries like China, USA, Japan etc. These countries have the best of system in place to enable the use of cryptocurrencies as a currency for buying goods and paying for services.
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PlusOne88
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April 25, 2019, 12:33:12 PM |
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Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.
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Sanitough
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April 25, 2019, 12:39:31 PM |
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Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.
It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto. With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users. |
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Kiweikoo
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April 25, 2019, 06:22:10 PM |
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Nobody knows anything about it, and you still know that there are lots of countries that have banned it. And when government notices that a lot of people are opting for crypto instead, they might decide to block their citizens from making use of it. Bank is part of government and they wouldn't like to see cryptocurrency take more of the population than the banks. This is just I what I think. But let's just see how it's going to work out though.
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Finestream
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April 25, 2019, 10:53:13 PM |
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Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.
It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto. With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users. I agree.If we continue to make good promotion for bitcoin them we might come up with mass adoption in the future.Mass adoption should be more realistic if we can see larger countries first legalized the usage of bitcoin so that small countries or the poor countries will likely to imitate what had larger countries had developed. |
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reality18
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April 26, 2019, 12:29:23 AM |
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Crypto adoption has already started with countries like India, Germany, South Korea, Canada etc. Russia is yet to review its decision on authorizing crypto. From the way crypto is emerging strongly, in the near future about 50% of countries around the globe will adopt and authorize cryptocurrency.
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playboy654
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April 26, 2019, 11:29:31 AM |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
definitely I will not reply and suddenly it will happening to order something was not valuable and make the demand for that this is a thing mostly that options are going to be get valuable at the future. |
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mornabo
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April 26, 2019, 02:48:40 PM |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
My pick is it is going to start in the USA with their SEC and ETF and everything, we all know that the US is a superpower anything they do will have an impact in the economy of other countries if they begin adoption of Cryptocurrency, other will just point, if this is legal in the US why not here, and so adoption begins in the US. The US has influence on other countries in the world. with the start of the US adopting bitcoin, it will certainly accelerate mass adoption. and of course here the role of government from each country is very influential US already legalize bitcoin in their country, isnt it ?? I think that it takes adoption agencies like SEC, where those agencies have a big impact on many investors, of course there will be a lot of adoption if the legalization is echoed by agencies like that. |
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iv4n
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April 26, 2019, 03:06:09 PM |
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I think these two things will happen in same time, but more important will be adoption in poor country because there are not so many cheap alternatives in online payments and it can become a basic payment there.
Don't know don't know. As it was already said poor countries ruled by dictators, which represent elite of the country as well. For such people it's better to the most of people stay poor and powerless, also they protect their circle and the way of life carefully. Also national currency and it's use feeds the top of the ruling group, so the adoption of crypto may ruin the way of life and probably such things will never happen. Honestly, I doubt that any country will be brave enough to adopt crypto totally. Maybe it will never happen. |
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raven7886
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April 26, 2019, 04:11:58 PM |
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If you mean to say when the adoption of cryptocurrency would be then i guess it would start in the advanced countries like China, USA, Japan etc. These countries have the best of system in place to enable the use of cryptocurrencies as a currency for buying goods and paying for services.
These advance countries are what will really speed up the adoption rate but I am not that happy about the news that I am getting from the country I expected to wholeheartedly receive it because of their great technology, which is China, I even heard that they are planning to ban mining activities in China, I do not know the reason for this because they are the one that benefits more from the cryptocurrency. I am sure that USA with time see the light in cryptocurrency and adopt it and probably encourage other advanced countries too to look into it and adopt this system. |
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syamster
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April 26, 2019, 05:57:34 PM |
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Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.
It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto. With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users. Massive adoption is being done now a day, we should try to make our life easy which is only possible with bitcoin investment, as days passing more people are accepting and investing in bitcoin, dump has given us chance to be a apart of the market and we will grab the chance to buy low price, the more we buy the more price rises. |
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salty
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April 26, 2019, 08:55:44 PM |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
I think the second option would be the most acceptable for adoption.In poor countries, there is no food and water and it is unlikely that cryptocurrencies will be able to somehow provide them with a decent life.Yet all innovations are offered by developed countries. |
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Oceat
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April 26, 2019, 09:13:22 PM |
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It will start with the people who have a vast knowledge about cryptocurrency but social media is the powerful tool that we ever had these days and people will learn faster about the cryptocurrency. So it is either through social media or from the people who have complete knowledge about cryptocurrency.
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3996
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calandra78
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April 27, 2019, 01:09:26 AM |
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Is it going to start with poor countries and their dictators? when dictator can handle them fiat to flow up economic country, first he find bitcoin to take and repair they country with poor knowledge then happen, they country still down , cryptocurrency can't do anything, still same before. solution is, he need economyc team with high tech and knowledge crypto dan blockchain and welcome to everyone. |
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AppliedOptimal (OP)
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April 27, 2019, 04:42:07 AM |
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I agree with the people who said scalability is a factor, but unless the transactions are stuck dead, then the scalability factor is not a big thing.
More important is usability and store of value. If people think the value increases, they buy into it.
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Crypto24hrs
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April 27, 2019, 07:59:56 AM |
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Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public, Instead, this transition will happen naturally as young generations become increasingly familiar and confident in the technology, Africa is tipped to take the lead on natural adoption of bitcoin because it is bitcoin free zone.
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Rooster101
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April 27, 2019, 08:45:36 AM |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come. |
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