MASS ADOPTION OF BTC

[Coyster]

Bitcoin was getting more popular for each day and i'm sure too bitcoin users were increase following the popularity of bitcoin but to be mass adopted which mean people all over the world use bitcoin i think it's hard to do so especially bitcoin will facing different regulations from different countries and i personally highly doubt bitcoin will be mass adopted

For bitcoin to be adopted worldwide, every single individual mustn't own bitcoin, what is needed is awareness that the network is viable and a very good alternative as well as can perfectly work side by side with fiat.

If such awareness is spread in almost every nook and cranny of the society, then malls, stores and merchant houses would be willing to accept bitcoin, even if prior to that time they(the store owners)owned no bitcoin of their own.

[Dondisimo]

The introduction of bitcoin is very slow. Half of my friends have not even heard about the existence of cryptocurrency. This is also due to different levels of technological development in different countries. Cryptocurrency is introduced only in developed countries with good Internet. And what can we say about the countries  third world, where people have problems with water and food...

[blueteam09]

We cannot know the exact time when Bitcoin was popular around the world. Many countries issue Bitcoin-related bans, and it makes Bitcoin inaccessible to everyone. I realise that it takes more time than we anticipate. But I still hope Bitcoin will be known to the whole world and use it as a currency.

[SquallLeonhart]

sooner or later I'm always sure of that, big countries will agree with bitcoin and serve as a means of payment,
and if that has happened then a small country will follow and eventually the BTC will be adopted en masse.

Fortunately, smaller countries are even the ones that are accepting the use of cryptocurrency more than the larger countries, so it is not going to be a new thing to them when the big ones eventually chose to accept it, and I even think that it is smaller countries that are influencing the bigger ones already since they have tested and implemented it and the bigger countries like America, china and India have seen that it has not affected them, their economy or their power over their citizens in a negative way, they are beginning to have a soft spot for the cryptocurrency.

I am quite certain that countries like America will be regulating it very soon and since they regulate it, that would be the beginning of cryptocurrency wide spread in the whole wide world.

[LogitechMouse]

Year after year, adoption of Bitcoin is increasing worldwide but to be honest there is no specific time frame to it. Changes in technology is happening right now and more and more people are becoming interested to invest in Bitcoin and the blockchain technology. In my place, only me knows cryptcocurrency because it is also hard to spread some knowledge about it because of its complexity.

[Boardmangetpaid]

I think no one can really give us an exact answer about when BTC will widely be accepted and used worldwide. But from the looks and news that I'm seeing, we're gearing towards that. Major companies are now accepting BTC as payment across different countries and at the same time, some government are also accepting the fact that this is the future.

[antisocial77]

People will use bitcoin or sonething else when the new technology promises more than what we are using now, its that simple.what else should it be?

[swiftbits]

Every day, we get new people in this community, Bitcoin is such a great place in finance earnings. Social Engagements greatly affects its adoption level, where we can consider new projects for its success since it promotes blockchain and investment from BTC. Bitcoin is popular since resources are easy and secure in trading, people can benefit easily without a doubt.

[target]

Christian Dekker: “I think that everyone will use bitcoin in one form or another. I’m not sure in what form this will happen, whether each person will have their own wallet or bitcoin will be part of some other mechanism in the hidden form "However, this is a very important tool, and people will use it."


What do you think guys? how many years do we need for all people using BTC?

Bitcoin adoption is around 2-3%. Look at this S-curve, which shows adoption over time. As you can see, it takes a time when adoption goes from innovators to early majority. 


Source: business-planning-for-managers.com

By the way, who is Christian Dekket? 

I searched who ever that Christian Dekket is, I found none.

The tools he meant there could just be the stable coins we are now using or probably government backed crypto.
That graph right there says we are just too early for mass adoption which could be 50 years ahead of us.  Can't imagine what you could be with 1BTC after 50 years. 

[Reid]

A lot of year.
It aint the right time yet.
Worse part is there are too many coins that are being created and it might confuse a normal human who havent been to crypto and will be forced to use it because of a mandatory monetary change.
It will not be an easy jump.
A lot of paper works needs to be done and it needs the approval of the government and also the people if you are living in a democratic country.

[Oyarebu]

I'm not so sure about that unless the country itself or government recognized bitcoin or if it will be teach on a learning institution. Mass adoption will come but I doubt that all people will ever use it, not all people can even own a cellphone at least or even buy a hardware wallet.

That's simple truth and must be told. For now am not seeing mass adoption in respect to Bitcoin but what we have seen so far are early adoptors, there are still many individuals who doesn't have the ideas of operating a cell phone, many have not the technical known how to technologies and it will be very difficult for them to adopt Bitcoin. But the good thing is that, those.who have adopted Bitcoin are those who have the technical knowledge and more ofthis categories are adopting day after day. One thing is sure, Bitcoin will be in the hands of everyone in the nearest future.

[Leonardo7]

What do you think guys? how many years do we need for all people using BTC?

We can't say for sure how long it's going to take almost everyone to use bitcoin. Some persons or group of persons just may never use bitcoin because of how rural their community is, and lack of basic technology to ease conversion of bitcoin to physical money so to speak. If the world government will be truth to themselves, we should see many world population using cryptocurrency. You know some persons allow the government to do the thinking and certify what is good and bad.

[dnprock]

Bitcoin by itself is handicapped. Bitcoin community is often hand-waving the problem to some distant future: Adoption will happen at some point, in some form, but we don't know . Bitcoin is a Store of Value. It needs to pair with spending tokens. We need to experiment with better forms of spending tokens. I analyze the issue in my post: https://bitflate.org/post/2019/08/26/bitcoin-missing-link-to-the-world.html.

[bustedsynx]

Christian Dekker: “I think that everyone will use bitcoin in one form or another. I’m not sure in what form this will happen, whether each person will have their own wallet or bitcoin will be part of some other mechanism in the hidden form "However, this is a very important tool, and people will use it."


What do you think guys? how many years do we need for all people using BTC?

Bitcoin adoption is around 2-3%. Look at this S-curve, which shows adoption over time. As you can see, it takes a time when adoption goes from innovators to early majority. 


Source: business-planning-for-managers.com

By the way, who is Christian Dekket? 

I think this is more apt in line with the current market condition.


source: https://medium.com/@shivayogiks/what-is-technology-adoption-life-cycle-and-chasm-e07084e7991f

We are definitely inside the chasm now. And yes, maybe it will take a longer time than you would expect.

[shark1006]

As for me Bitcoin will be useful in a form of preserving value. It is inaccessible to unwanted third parties and it makes the coin truly valuable.

[samcrypto]

Mass adoption is not easy if you will do it naturally and let the human nature accepts the changes but if the government will interfere, im sure the process will become much faster. People will not have a choice and proceeds to changes.

[Doyenne]

Agreed with him. I think we need about 10 years.

[Kasabus]

Mass adoption is not easy if you will do it naturally and let the human nature accepts the changes but if the government will interfere, im sure the process will become much faster. People will not have a choice and proceeds to changes.

Only if the government realize it and the openness of their minds to look of what crypto can do to the community. With there participation, it helps business owners to adopt crypto and to think for the safety assurance. Legality of Bitcoin makes people to give trust and only be possible if the government says something good about this.

[killat]

Bitcoin will not have a mass adoption in less than 5 years imho. For a mass adoption institutional investors need to be more present on the market and this will take time, as most of them are still reticent about crypto.

Also, for mass adoption people should start to use Bitcoin as a currency, to buy and sell goods and services, not just holding or trading for speculation.

[Ridwan Fauzi]

Christian Dekker: “I think that everyone will use bitcoin in one form or another. I’m not sure in what form this will happen, whether each person will have their own wallet or bitcoin will be part of some other mechanism in the hidden form "However, this is a very important tool, and people will use it."


What do you think guys? how many years do we need for all people using BTC?

Since blockchain technology be used by many countries I'll doub it will happens. All human certainly will make a transaction in their daily life which mean they need money as tool of payment system. But, as you may know there is some countries who make their money using blockchain technology such china will make it happens.

So, my point here bitcoin won't be used by many people on this world until whenever as one a tool either to make payment system or as a tool for their incomes. Bitcoin is an alternative way for some people, and I don't have any idea for those people who believe that bitcoin will be use by all people as one of the place. This technology will grow up well and certainly there will be an innovation who can replace it.