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Author Topic: Mass adoption growing or decreasing?  (Read 1381 times)
Darooghe
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November 02, 2019, 03:41:26 PM
 #241

Based on my place, it is decreasing. Why? I haven't seen any establishment these days that accepts Bitcoin as their mode of payment. I used to see establishments that accept BTC as a payment mode years ago and I feel proud whenever I see one. Unfortunately, those stores who took the initiative and accept BTC as payment most probably gave up because of the lower rate of the cryptocurrencies nowadays.
I think price volatility is one of the main obstacles that prevent mass adoption of cryptocurrencies for those stores, not lower rate. So we need to come up with a more stable asset, and they could use Tether. the dollar seems like the most stable option right now, which does not live with the underlying principles this type of technology was founded upon. Seems like one of the only solutions would be for a cryptocurrency’s value to be proportional to an underlying asset, like Tether with USD.

However I think centralized entities cannot help stabilize decentralized things, maybe just ruin them. But adoption is the only thing that will make crypto less volatile, and governments can help by passing regulations against scammers and force exchanges to have solid teams and keep liquidity and so on, as major price fluctuation comes from major scams or major exchanges and whales.

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November 02, 2019, 03:49:21 PM
 #242

I didn't know of a big adoption 10 years before, because I wasn't there yet. I only know that in 2017 it was also news from my friend. he said mass adoption happened in 2017 when the price of bitcoin surged so many newcomers joined it.

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November 02, 2019, 03:50:56 PM
 #243

To understand how things are with the mass adaptation of cryptocurrency in the world, just look at the news background accompanying the top projects.

Even when the prices for cryptocurrencies are at the very bottom of the project, they continue to develop, the cryptocurrency infrastructure continues to become wider and more convenient in order to create the most pleasant experience for the end user.

A huge percentage of people do not yet know about bitcoin, but when they find out and want to use it, they will not have problems with this, because the entire infrastructure will already be created.
This means that newly arrived people will not meet problems or difficulties during dating and interacting with cryptocurrencies, but rather on the contrary enjoys it and will stay here forever.

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November 02, 2019, 05:50:23 PM
 #244

Adoption of cryptocurrency is definitely increasing. Before the 2017 rally, cryprocurrency wasn't even a topic for discussion across many countries globally. Now even in Africa, people are becoming increasingly interested in cryptocurrency, hence the creation of the Libra association. That such was created in the first place is a massive victory for the cryptocurrency world.

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November 02, 2019, 05:58:07 PM
 #245

Adoption of cryptocurrency is definitely increasing. Before the 2017 rally, cryprocurrency wasn't even a topic for discussion across many countries globally. Now even in Africa, people are becoming increasingly interested in cryptocurrency, hence the creation of the Libra association. That such was created in the first place is a massive victory for the cryptocurrency world.
yes, you are right, now may be the adoption of crypto in the market has decreased. but more and more people are interested and know crypto. this will open the possibility for greater adoption to be possible in the future when blockchain and crypto technology can truly function in the real world and have regulations from the government as a whole.

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November 02, 2019, 06:10:14 PM
 #246

Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?

Do we have mass adoption? Definitely we have massive adoption just look at the number of new wallets, new forums, new websites trend on the internet about Cryptocurrency not only double or triple we multiply by hundreds fold and I'm not a specialist but just a member of the community and observant, I don't know what's going to happen in the next ten years but all I know we are multiplying every day every month and every year.

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November 02, 2019, 06:17:57 PM
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 #247

Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?
The mass adoption is increasing at a steady pace. no need to rush it..It took a very long time for people to understand the use of money in making transactions. The likes of Amazon, Ebay and other companies like Samsung, Apple have all announced the use of cryptocurrency wallet embedded in their phones so definitely we progressing towards this goal but it's not going to happen within a flash.




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November 02, 2019, 06:21:08 PM
 #248

Certainly cryptocurrency is waxing strong and recognitions so I would say it is gaining mass adoption and lately China president spoke on bitcoin which means whole lot and brought kinda green lights till date in blockchain market. And aside China presit recommending bitcoin, so many countries had done that and some are saying positive things regarding blockchain. So I would say the growth of blockchain is fastly increasing and not decreasing. Some I stitutions also spoke about bitcoin and many are buying coins through partnerships with platforms. Alot of positive vibes in blockchain. And also football and other sports have adopted the use of Cryptocurrency , women in Africa are using blockchain to grow and educate people so blockchain has elivated so many people from poverty to wealth and the good news is massively spreading all over.

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November 02, 2019, 06:26:39 PM
 #249

Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?
The mass adoption is increasing at a steady pace. no need to rush it..It took a very long time for people to understand the use of money in making transactions. The likes of Amazon, Ebay and other companies like Samsung, Apple have all announced the use of cryptocurrency wallet embedded in their phones so definitely we progressing towards this goal but it's not going to happen within a flash.
You are right, all cannot happen instantly. the process is long and will certainly take a lot of time to see mass adoption grow well in the crypto market. we might want to always be improved, but the market will carry out its functions. and in a market, a decline and an increase will occur and is natural. this is a balance.

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November 02, 2019, 07:03:10 PM
 #250

I have seen mass adoption mainly in the form of technology. one of them is blokchain technology, because many companies have started developing projects using Blokchain technology for a number of purposes, and many newcomers joined here when bitcoin reached the highest price in 2017. so I think adoption has begun a long time ago and will continue.

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November 02, 2019, 07:05:14 PM
 #251

im sure to answer mass adoption is growing. you can check in news there are many adoptions especially about cryptocurrency

country, big company, people use cryptocurrency and believe in the future would be huge

5 countries that are going big on cryptocurrency adoption

Crypto Adoption in 2020

China’s President Xi Urges Accelerated Blockchain Technology Adoption

 
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November 03, 2019, 06:31:15 AM
 #252


This will lead a good massive adoption, China has the most number of population in the world and they are a big country in terms of economic standing, so blockchain will surely be a big use if they will accelerate it, and if that happens, crypto will grow and so as with our hopes that we can see an increase of our investment, its really nice being part of building a good future while you are making money at the same time.

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November 03, 2019, 06:47:51 AM
 #253


This will lead a good massive adoption, China has the most number of population in the world and they are a big country in terms of economic standing, so blockchain will surely be a big use if they will accelerate it, and if that happens, crypto will grow and so as with our hopes that we can see an increase of our investment, its really nice being part of building a good future while you are making money at the same time.
adoption in  china was most waited  news in cryltocurrency market.they have several affect to market,first market confidence will recovered again,and then there are much money will coming to crypto market if china started adoption.as biggest country in economic and population ,china has central roles in the world.they could destroy and support all finance market .

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November 03, 2019, 09:04:35 AM
Last edit: November 03, 2019, 09:15:44 AM by gabbie2010
 #254

im sure to answer mass adoption is growing. you can check in news there are many adoptions especially about cryptocurrency

country, big company, people use cryptocurrency and believe in the future would be huge

5 countries that are going big on cryptocurrency adoption

Crypto Adoption in 2020

China’s President Xi Urges Accelerated Blockchain Technology Adoption
Comparing the price of bitcoin 10 years ago to the present price is testimony to the fact that it mass adoption is growing and increasing in leaps and bound the above link is clue to more upcoming adoption of blockchain that would triggers more usage invariably enhances more growth of cryptocurrencies the latest one coming from the Chinese president.

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karanggatak
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November 03, 2019, 10:41:21 AM
 #255

of course if compared to 10 years ago the mass adoption of bitcoin is growing. if we look at the number of countries and cities that accept bitcoin is increasing and the number of bitcoin ATMs scattered throughout the world is also increasing this indicates that bitcoin has been headed for mass adoption. and for blockchain technology is also increasingly developing banks, companies and industries that implement blockchain systems in their companies. and a few days ago we also heard that the president of China also supports blockchain technology. so I think the mass adoption of cryptocurrency is growing well.
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November 03, 2019, 11:33:15 AM
 #256

There will probably never be mass adoption, not until the crypto are so complicated to use and the volatility is so high.
In the future things will probably change shape, new methods will intervene, more control, greater stability.
But at that point probably the crypto no longer exists in the way Satoshi had conceived it.

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November 03, 2019, 11:51:10 AM
 #257

Now there are many countries that provide Bitcoin ATMs that can make fiat withdrawals, various countries that support
cryptocurrency already accepts payments in the form of bitcoin and altcoins, UNICEF Institutions can accept donations of
bitcoin and altcoins, there are also countries that have cafes with bitcoin payments, and many more adoption of cryptocurrency.
So of course mass adoption is growing very rapidly compared to 10 years ago.

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November 03, 2019, 02:33:02 PM
 #258

mass adoption of bitcoin?
obviously! it has been growing for 10+ years starting from the day it was created and we still have a long way to go too.
There's been growing attention to bitcoin, but I'm not so sure adoption has been steadily increasing.  I still don't see a lot of physical stores that take it, and even online adoption for purchases has stagnated.  There have been a number of businesses that have even stopped taking it.  Things are much better when compared to 8 to 10 years ago, but adoption has leveled off in my opinion.

mass adoption of altcoins?
not at all. it has not even started adoption, let alone mass adoption because none of them have yet focused on utilities and usability so far.
You're right about that, except that alts make good trading tools but that's about it.  There are *very* few businesses that accept altcoins, and percentage wise you could probably round the number down to 0%.  And I doubt that's going to change in the near future.  It'll probably never change.
Altcoins have not gone mainstream, not yet. They are still too young and have a long way to go. Currently, all the digital currencies are serving the purpose of assets, which when invested in, return  good amounts of benefit. Even bitcoin is not being used as a currency. I think it is good for us. First we should make some profits and then enjoy commerce. In future, things will be different and as you said, adoption has already begun.
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November 03, 2019, 02:49:37 PM
 #259

Mass adoption of different cryptocurrencies has definitely increased for the past 10 years. Today it is quite simple to create a crypto wallet and to start using crypto, but still many things should be done to provide an easy access to the world of crypto for all people.
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November 03, 2019, 03:11:37 PM
 #260

Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?

I think the issue of mass adoption of crypto is a critical one, reasons have best shown that there has been a massive increase in crypto adoption in recent times compared with last 10 years. The fact is that there are more crypto blockchain projects that have ever happened before in the cryptocurrency space.

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