How adoption will happen

[raven7886]

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

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[Reid]

Third world country will adopt it first. That is what I believe in but just my opinion though.

It is Japan which started the adoption first and no one step up afterwards. But still that is something else.

Did anyone ever thought of that to happen?
We know Japan is already a country which is one of the richest specially with their technology but I did not expect also they will embrace crypto currency like bitcoin.

[Kasabus]

It will start upon the approval of the government like the ETF application.
This adoption is going to be global but it has to start in big countries as eventually small countries will follow.
We need some regulation that are friendly and that will protect more the users than the businesses that will adopt it, then we can use it like a normal payment system.

[UmerIdrees]

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

There will no such thing that adoption will happen in a day or two. It will take a lot of time. We will first see small adoptions and with the passage of time few big investors / Companies will also jump into it. When this trend will increase, then we will see a massive adaption and everyone will be willing to accept crypto currencies.

[shoreno]

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

There will no such thing that adoption will happen in a day or two. It will take a lot of time. We will first see small adoptions and with the passage of time few big investors / Companies will also jump into it. When this trend will increase, then we will see a massive adaption and everyone will be willing to accept crypto currencies.

from what i understand adoption means when someone are gaining interest on crypto . for example joe is not a crypto enthusiast before but he sudenly change his mind . he now buys a crypto  . that is adoption and that can happen every day  .  small or large  , 1 person or group of people all of them are consider as an adoption if they will join the movement  .

[creeps]

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 can start anywhere and its already happening in more countries. There's no poor countries, they are developing now but in terms of dictatorship I believe it will be hard for them to adopt especially if the government will not benefit on this market. USA is the main focus of this market, we believe that if the ETF  approved by SEC the price will start to grow again. Many countries in Europe have a big influence in other countries, adoption will happen slowly, and more countries will make sure that cryptocurrency will help them a lot.

[kaya11]

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.

We need proper time, young folks including us the early adopter are expanding in knowledge about crypto currecncies and the technology behind it. It cab happen anywhere in world, it's either Rich countries or Poor countries just as long as we have our new generations ready to be educated. Credible students are most likely would understand first how this goes and later on, the less IQ students will just follow. So we need the new generations to understand, whey new? Because old folks are hard as stone in understanding and are already retired of understanding this kinds of technology. So mass adoption will happen later on when new sprouts get older and we at that time must have been relaxing at some kind of quiet place or beach or any where around the world. Well if you would hold BTC for that time around.

[BeGoods]

It will start upon the approval of the government like the ETF application.
This adoption is going to be global but it has to start in big countries as eventually small countries will follow.
We need some regulation that are friendly and that will protect more the users than the businesses that will adopt it, then we can use it like a normal payment system.

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

[Xampeuu]

It will start upon the approval of the government like the ETF application.
This adoption is going to be global but it has to start in big countries as eventually small countries will follow.
We need some regulation that are friendly and that will protect more the users than the businesses that will adopt it, then we can use it like a normal payment system.

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

of course if a country wants to be advanced, the government must keep up with the times, like in my country where cryptocurrency will be included in the stock exchange, so that there will be more adoption if all countries do the same

[Kevin77]

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.

Usually adoption is meant to start from the stronger nations and pass it down to the weaker ones, but unfortunately, I think reverse is the case with what I have seen so far, so many nations that I have seen adopting cryptocurrency are even the smaller ones, some of them have even regulated it.

It’s a good thing too that its being recognized gradually, just that the influence it will have on the whole world when it is being adopted by stronger nations like USA and others will higher and faster than that of the weaker ones. We really need to get these large nations into adopting cryptocurrency, so that the awareness across the world can be as fast as possible.

Legalization and regulation will open many doors for mass adoption

Those two are easier ways up to main stream adoption but might kill few of decentralization characteristics too. Hence, slow and steady adoptions along with appropriate infrastructures developments alone will ensure decentralization while achieving main stream adoptions.

[freedomgo]

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

Bitcoin will be regulated and that's good for the market, big countries are more concern since people who are using this technology are coming from a country which are also advance in development. We cannot prevent this from happening, bitcoin already caught their attention, maybe some countries are banning crypto but later they'll understand that this technology is an evolution and very useful for all of us.

[Slow death]

Is it going to start with poor countries

 

I am very difficult to understand: how will it be possible to have mass adoption from poor countries? I do not know if you do not know, but in poor countries like mine, until someone eats 3 meals a day and in 30 consecutive days is a great achievement, people from poor countries have difficulties paying for electricity and water. Do you think that if they have difficulties in eating right, in paying for electricity and water will they be able to buy bitcoin? these people will not be able to buy bitcoin.

and their dictators?

With a dictatorship, nothing is done.

Is it going to start in the USA with their SEC and ETF and everything?

maybe, but it can also start with some other rich country

[Febo]

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 be hardest in USA that currently hod word reserve currency and in China that hopes to grab World reserve currency from USA.   In other countries will be much less opposition. Specially in European countries that gave up their national currency fro Euro already. So this could be answer for you. Europe will lead the adoption. Central Europe, home of Austrian school of economics.

[Shenzou]

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 that adaptation will start not from the USA but the other developed countries, i mean there were news about allowing people to pay taxes with bitcoin in Canada and in Germany and many European countries bitcoin has become accepted, it is not widely accepted but it is slowly making its way into every shop big or small as a payment system, and also the same is happening in many Asian countries like Japan and South Korea, and in time bitcoin and crypto will become a strong part in our economic system, and with those accepting it surely the others countries will follow them as well.

[kissme09]

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.

In poor countries there are very few users who can reach Cryptocurrency. Most investors are in the upper class so I don't think this will bring many benefits to poor countries. Especially in my country is a developing country but the number of people using smartphone is very low, so very few people know Crypto.

[Lanatsa]

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 wont really dont matter on what country would be accepted either to those poor or powerful ones.It would always depend on the government that do handle that place.

If they do have some glimpse of recognition of adoption then its a good sign but if they do always care about security and doesnt like any more things that do relate with crime then most

likely they will surely block it.Each country do have its own corresponding decisions.

[fasdorcas]

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.

The recession coming to the world is not just for poor countries with under developed economy, but also for countries that have already built there country to a global standard, once this recession begins, they will start to look for alternatives that can help grow the economy again since the current fiat system will now become useless to them and bitcoin will be the only saving grace when that time comes, this would be the beginning of mass adoption in the crypto space and the demand for bitcoin will drive the price of the coin so high.

[Rune]

If we want adoption you need a way to make the whole process simple for people.
Credit cards worked because people like how its easier to just swipe a card rather then think about what bills to hand over.
Bitcoin needs that its almost there with the phone instead of carrying a wallet you just carry your phone.
But the apps require to much it needs to be even easier for basic users

[magneto]

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 don't think that the SEC approving the ETF will have anything to do with adoption.

After all, ETFs are going to be used by mainly institutions (and some retail investors, but they're not the primary benefactors), and will not really benefit the network in any tangible way.

What I think will spark the most adoption is in certain countries in which fiat currencies are unstable, and they actually have a need to seek alternative forms of store of value in order to preserve their wealth - not institutionalised derivatives. That'll get adoption from the grassroots level.

[Bonsaiav]

Bitcoin is a smart media which generally makes it easier for humans to complete various transactions that they do, from the start, bitcoin was created specifically to correct deficiencies which exist in fiat currencies. Unfortunately, when this currency peaked in 2017, a hard ban made by the government was put in place by most countries. As a result of these actions, finally has paralyzed most of the public interest to adopt cryptocurrency. If based on the case it seems likely that massive adoption will not occur, before the government legalizes cryptocurrency.