My suggestion on Bitcoin adoption

[kryptqnick]

I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.

First of all, Bitcoin as digital gold is a popular and definitely not your idea. Secondly, I don't think it's a good comparison. Is Bitcoin mined and has limited supply similarly to gold? Sure, that's true. But there are significant differences.
1. Gold is very stable, but not a really good investment opportunity because the price usually remains more or less the same throughout a big period of time (compared to Bitcoin).
2. Bitcoin offers a whole infrastructure of performing transactions between users around the world, whereas gold does not have anything remotely similar.
3. Gold can and is often faked, but it's impossible to make 'fake' BTC.

[plvbob0070]

So what you're trying to point is that you are fine and contended that bitcoin still is not widely acknowledged across the world? (Kindly correct me if I'm wrong) I'm not sure if you just missed including your suggestion or that is already your suggestion and your point is that you want bitcoin to remain as it is today and don't want massive adoption because you think it'll lose value like gold? For me, it's more of an opinion than a suggestion that's why others are having a hard time understanding where your suggestion is.

But the point is, bitcoin is still different from gold. Even if Bitcoin becomes more popular, it does not mean that it will lose its value since there is still a limited supply of bitcoin. In fact, I also doubt that gold will lose its value if it becomes more accessible to people. Also, bitcoin is starting to be more recognized and adopted as time passes by since people are seeing what bitcoin can do, so I doubt they will lose interest in bitcoin just because a lot of people know about it.

[Slow death]

I love the fact that the whole world isn't aware of Bitcoin yet.

The problem of most people in the crypto world Is dreaming of super high prices, When the price was only $1000 I saw people worried about the price because it was very low in their opinion, when the price reached $ 18000 people were concerned because the price was too low in their opinion. now the price is $9000 and all I see are concerns that the price is too low. In your opinion few people should know about bitcoin so that the price is high, but:

Wouldn't it be more advantageous for everyone in the world to use bitcoin to make payments?

[coinfinger]

I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.

If Bitcoin should be adopted by everyone (although that’s not going to happen) then it wouldn’t be seen as an asset any longer, it will become a currency and we will all simply be using it for transaction and nothing else, you will no longer be investing in it. It has more value now and everyone is looking for it because it’s scarce and not available everywhere. Seriously, I don’t really see anything wrong with the way that Bitcoin is, I just don’t know why some people are having problem with it and acting like every single person in the world has to be using Bitcoin.

Wouldn't it be more advantageous for everyone in the world to use bitcoin to make payments?

But, bitcoin got another usage which must be needed for each and every human of this world; yes I am just referring store-of-value property of bitcoins which must be more advantageous for everyone. Using bitcoin for making payments could be an additional benefit you can enjoy but getting good ROI must be rarest and most seeking thing among most people around the globe.

I guess store-of-value would be the enough feature for bitcoin to get adopted by most people of this world.

[suzanne5223]

I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.

Before the creation of the quantum alot of people will still be interested in Bitcoin and others genuine altcoin due to how Bitcoin market hedge level against dump in price which is quite favorable than the world economy.
With that been said, i believe theres something you dont understand which is the reason why you compare bitcoin adoption result with Gold and the thing is if bitcoin adoption by the whole world theres chance for you, i and others holder to be Millionaire because a single bitcoin could be a Million USD.

[thesmallgod]

If you are literally suggesting that bitcoin should not be made accessible for everyone just like gold you have used as an, I am very sure you know this will be against the reason why it is created. Bitcoin is designed to be available for everyone and the technology behind it makes it in such a way to be decentralized. Being accessible to everyone makes it to be invariably adopted not only as a commodity but an asset that can be traded

[shoreno]

I love the fact that the whole world isn't aware of Bitcoin yet.

why ? whats the reason behind that . while all of us want bitcoin to be popular because this is the only way to drive more adoption or increase on the price .

If Gold was made accessible to everyone, The value would never be as high it has always been.

ah i see , this answers to your previous answer earlier   . now i know why you dont want btc to become popular  but you know what , i think you are wrong .  being not popular is not the reason why btc and golds value are high right now but its the supply . also btc and gold are now popular , thats contribute on the increase on the price too  .

[CucakRowo]

To OP. After i read your beautiful & extraordinary thread. With the limitations of IQ score that i have, i still can't find any suggestion about btc adoption nor some wisdom about btc adoption. Or perhaps, you have some amazing formula which is kept secret and will be published when the time is right (as this person said)

-snip-
You have some magic formula maybe.

[20kevin20]

If you want to compare BTC to Gold, then compare the fact that the easiest way you can buy Gold is in grams, forcing you to spend >$30, while you can buy Bitcoin worth as much as you like. It's affordable for everyone, but +80% believe "affordable" means the ability to buy 1 entire BTC. If it was that way, we would've needed 10 billion BTC and it would have probably been.

[Janation]

I don't think you should love how Bitcoin is not that known.

There are a lot of people here that love to recommend using Bitcoin and despite the development of quantum computers, I think developers will find a solution to secure the blockchain to it. More users mean higher value but that also means higher volatility since it circulates faster but still, that is fine as long as people are actually using it.

That should be your suggestion here, how can we make other people be aware of it.

[AniviaBtc]

OP Did you fall asleep writing this post? 
I agree that Bitcoin is still unknown for major part of the world, but I don't see your suggestion for Bitcoin adoption.
You have some magic formula maybe.

He didn't say anything about his suggestion for bitcoin adoption, all i read is his opinion about this bitcoin not going for a mainstream.

There are still a lot of countries which are still not open for the use of bitcoin in their country. But in order for the government to allow the legalization of bitcoin in a certain country, its citizen must persuade or use the bitcoin publicly. Social media as a powerful platform right and it can influence anyone who are using it.

We can promote the use of bitcoin or its advantages in the market and in our lives through social media that we are using everyday. Internet really improves the quality of its user's life and we are experiencing it right now. Hoping that bitcoin users are willing to help support the use and the promotion of bitcoin for us to grow more.

[erikoy]

Bitcoin indeed is not yet being adapted and used as what its purpose should be. For now, creators were still not resilient on bringing bitcoin to the next level instead they just I think waited for the right time introducing this system world wide.

It may be hard also to introduce the system because of the news spread widely to which they tag bitcoin as scam. I am not negative on bitcoin and not believing on it but I had only stated the reality that happen in our place.  

So this adoption process takes time and let time reveal when the community embraces the bitcoin system if it is proven to be good for the community

[danherbias07]

Browsed two pages and no answers what is the suggestion. 

Adoption may be slow.
But this is a good chance now.
A lot of people are still staying at home and if they are given the right tutorial of what bitcoin really is or maybe just be directed to this forum then that could be a good start.

[Spenjoyere3]

We hope that and some believe in it, but is the network ready to accept millions of customers? We still have less than 7 transfers per second and the world needs millions of transactions every second.
If the network evolves, you will find a sufficient number of clients. Clients are present. You are searching for the technology they need that makes their transfers cheaper and more efficient.
Bitcoin adoption ready to go to the moon people need to learn more about it.

[Ridwan Fauzi]

Currently the payment system has been changing slowly, although it still use money fiat but most of the tool for payment system is through an internet network. So, there will be many chance for bitcoin to be known by most people in this world even I just thinking that most people will use bitcoin as mean of payment.

Indeed, at the current situation just few countries who use bitcoin or who allowed all bitcoin user using all transaction use bitcoin but I just highly believe that in the future we will see most of the country in this world will be admitted that bitcoin is a payment system tool which is really needed.

[Lillominato89]

Sooner or later it will come to mass adoption, but it takes time. In Italy a bank has already started offering its customers the purchase and sale of bitcoins, the bank is called Hype di Banca Sella e Conio, which is an Italian stock exchange launched, has entered into an agreement with Nexi, a card of producer credit and that will give the possibility to all the banks with which it collaborates to be able to use the Conio product to its customers, therefore many banks will soon be able to offer their customers the opportunity to buy and sell bitcoins.

[lepbagong]

Bitcoin indeed is not yet being adapted and used as what its purpose should be. For now, creators were still not resilient on bringing bitcoin to the next level instead they just I think waited for the right time introducing this system world wide.

It may be hard also to introduce the system because of the news spread widely to which they tag bitcoin as scam. I am not negative on bitcoin and not believing on it but I had only stated the reality that happen in our place.  

So this adoption process takes time and let time reveal when the community embraces the bitcoin system if it is proven to be good for the community

bad news about bicoin often happens and it is common in very profitable investments. because competitors or who want to look for opportunities from the hassle of bitcoin are deliberately doing it to look for its own benefits.

but all the news that took place a while ago and maybe it's still happening now won't shake bitcoin. because bitcoin already has its own share and many are looking and saving to get profits. during trading the bitcoin will remain safe and exist at all times.

[Sanugarid]

OP Did you fall asleep writing this post? 

He fell asleep writing this and hit ALT+S by his head, what a move 

I agree that Bitcoin is still unknown for major part of the world, but I don't see your suggestion for Bitcoin adoption.
You have some magic formula maybe.

There is a study that says most people in America still don't know what bitcoin is, then we can simply assume that his goes the same for the whole world, only people who are fully engage in technology knows about the bitcoin or cryptocurrencies, some only saw this on television but did not give their time to make search about it. So now our question for the OP is that, where is your suggestion for bitcoin adoption? It's been a week since you made this post, hope you have the formula by now   

[pawanjain]

OP Did you fall asleep writing this post? 
I agree that Bitcoin is still unknown for major part of the world, but I don't see your suggestion for Bitcoin adoption.
You have some magic formula maybe.

No I guess OP was smoking weed while writing this post.
He would have thought of a suggestion while writing the title but would have forgot it while writing the post  #Stoner'sDiary

Anyway, Bitcoin has not yet gone mainstream because it is not yet widely adopted but things are going well for bitcoin every year as more number of people are supporting it. That is how a steady progress is made. I think soon bitcoin will be the gold of Internet and as technology advances it will become more scarce.

[bitcoinst]

I love the fact that the whole world isn't aware of Bitcoin yet. I see Bitcoin as a digital Gold. It is supposed to be scarce to retain its credibility. If Gold was made accessible to everyone, The value would never be as high it has always been. In the case of Bitcoin, before the century goes off a quantum of the world population will be accessing the internet and I'm not sure a lot of people will still be interested in knowing what it is.

They will not, because in a sense, we live in the technological Middle Ages. Cryptocurrency has existed for more than 10 years, and people are only now beginning to taste it.
But the worst part is that most are not interested in the opportunities that Bitcoin offers, it is interested in the opportunity to earn. Until this old system is obsolete, people will look at bitcoin and cryptocurrency as a monetary vein in which they do not understand anything and do not know what to do with it.