What your ideas about bitcoin adoption in the future?

[TimeTeller]

In the future Bitcoin will gain acceptance and popularity all over the world due to the way Bitcoin is prevalent among people.Once upon a time all the countries of the world may have the legal ghost of Bitcoin, now almost many countries have the legal validity of Bitcoin.Other countries are considering legalizing it.But if the price range of Bitcoin is stable then it will be more popular.Sometimes we ourselves get confused by the massive dumping of bitcoins. But it is because of this one problem that people are a little afraid of Bitcoin.Moreover, this Bitcoin is perfect in all aspects.

I believe, we will not see yet the stability of price of bitcoin in the next years to come.
However, the adoption will more than likely increase as years go by.
But we can't expect all to join this market, as many will still prefer fiat or other traditional payment method.
Just be grateful if this will expand its market. The more demand, the better for the price of btc.

[nullama]

~snip~
I believe, we will not see yet the stability of price of bitcoin in the next years to come.
However, the adoption will more than likely increase as years go by.
But we can't expect all to join this market, as many will still prefer fiat or other traditional payment method.
Just be grateful if this will expand its market. The more demand, the better for the price of btc.

The thing is that we'll start to see more and more services built on top of Bitcoin.

So, even if someone is doing an international transfer in fiat, most probably there will be a Bitcoin transaction under the hood to make it happen.

In the same way that the Internet is now pervasive, in the future Bitcoin will be everywhere as well.

[LittleBitFunny]

In the future Bitcoin will gain acceptance and popularity all over the world due to the way Bitcoin is prevalent among people.Once upon a time all the countries of the world may have the legal ghost of Bitcoin, now almost many countries have the legal validity of Bitcoin.Other countries are considering legalizing it.But if the price range of Bitcoin is stable then it will be more popular.Sometimes we ourselves get confused by the massive dumping of bitcoins. But it is because of this one problem that people are a little afraid of Bitcoin.Moreover, this Bitcoin is perfect in all aspects.

There is no doubt that irrespective of how hard the government tries to block bitcoin, with the current development and the fact that it is going to increase in the future, bitcoin adoption will soon happen mass.

As for myself, I don't expect price stability to come to bitcoin in the future, and if bitcoin becomes more stable and less volatile, I think it will negatively affect the appeal of bitcoin.

[Despairo]

As for myself, I don't expect price stability to come to bitcoin in the future, and if bitcoin becomes more stable and less volatile, I think it will negatively affect the appeal of bitcoin.

Why did you think less volatile would negatively affect Bitcoin? Currently most of people who don't like Bitcoin is because of the high volatility, they're scared if the price can increase or decrease for 10% in a single day. Take a look with the other assets, they're have more confidence and trust when the price didn't change very massive. IMO if Bitcoin is less volatile, I'm expect more adoption will happen since there's no need to worry for them.

[Falconer]

The thing is that we'll start to see more and more services built on top of Bitcoin.

So, even if someone is doing an international transfer in fiat, most probably there will be a Bitcoin transaction under the hood to make it happen.

In the same way that the Internet is now pervasive, in the future Bitcoin will be everywhere as well.

I believe adoption will get better in the future and maybe many countries will consider it. Many services will be built on bitcoin for both small and large scale, but obviously we will be betting for a long time as legality issues will still be the thing that will affect adoption the most.

Volatility and legality are two reasons why bitcoin is still difficult to adopt in various services even though the state has legalized it as a legal currency. One should consider volatility so it is not uncommon for adopters to also accept stable altcoins like USDT or others for their business and services. But I firmly believe that volatility will decrease as adoption increases in different countries.

[Oasisman]

~snip~
I believe, we will not see yet the stability of price of bitcoin in the next years to come.
However, the adoption will more than likely increase as years go by.
But we can't expect all to join this market, as many will still prefer fiat or other traditional payment method.
Just be grateful if this will expand its market. The more demand, the better for the price of btc.

The thing is that we'll start to see more and more services built on top of Bitcoin.

So, even if someone is doing an international transfer in fiat, most probably there will be a Bitcoin transaction under the hood to make it happen.

In the same way that the Internet is now pervasive, in the future Bitcoin will be everywhere as well.

This is most likely to happen. Bitcoin will become a thing for an international transfer in a few years now.
I am in the freelancing industry currently and I can tell how inconvenient the banking processing would be. It would take 3-4 days before the money is cleared directly to your bank account. Whereas Bitcoin has no boundary and can be sent everywhere with just mere Bitcoin address.
So, yeah Bitcoin will become a top option for an international transfer soon. However, 3rd party exchange companies might take advantage of it.

[Z-tight]

Sometimes we ourselves get confused by the massive dumping of bitcoins. But it is because of this one problem that people are a little afraid of Bitcoin.Moreover, this Bitcoin is perfect in all aspects.

I don't think bitcoin users who have acquired enough information about bitcoin will be confused when bitcoin dumps because they will be able to associate the dump to one event or the other, either weak hands are selling massively, fud, news of government regulation and so on. I feel many people are only afraid of bitcoin because they have no knowledge and good information about it, and they are not ready to research about it, but they rely on information provided in the news or by others that most times do not give the accurate details about the network. I can conclude that anyone who is afraid of bitcoin in 2022, has not researched well about it.

[Oneandpure]

I don't think bitcoin users who have acquired enough information about bitcoin will be confused when bitcoin dumps because they will be able to associate the dump to one event or the other, either weak hands are selling massively, fud, news of government regulation and so on. I feel many people are only afraid of bitcoin because they have no knowledge and good information about it, and they are not ready to research about it, but they rely on information provided in the news or by others that most times do not give the accurate details about the network. I can conclude that anyone who is afraid of bitcoin in 2022, has not researched well about it.

Another risk with adopting bitcoin as legal currency transaction when price suddenly drop how many people already accepting their investment or currency transaction values drop. Maybe as investment assets not really problem when bitcoin become legal currency transaction because they keep hold and wait until price going up, but what happen with market place when accepting bitcoin as legal currency transaction but not convert to be fiat money before bitcoin going dump, actually they will loss and can get back capital based on product selling, but if they can convert bitcoin transaction faster not matter what happen with bitcoin going up or down.

[Sayeds56]

As for myself, I don't expect price stability to come to bitcoin in the future, and if bitcoin becomes more stable and less volatile, I think it will negatively affect the appeal of bitcoin.

Why did you think less volatile would negatively affect Bitcoin? Currently most of people who don't like Bitcoin is because of the high volatility, they're scared if the price can increase or decrease for 10% in a single day. Take a look with the other assets, they're have more confidence and trust when the price didn't change very massive. IMO if Bitcoin is less volatile, I'm expect more adoption will happen since there's no need to worry for them.

I fully agree with you that extreme volatility of Bitcoin is the main hindrance in its mass adaption, volatility will only come down when its marketcap will reach at least $5 trillion, then  whales won't be able to shake its price easily because its investment base will be broadened . in the current scenario, volatility is benefiting short term traders who are smart traders and know well how to take benefit of volatility.

[Moeda]

I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.

Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

Bitcoin adoption will take place, and anyone who understands crypto developments will adopt Bitcoin as an asset as well as a means of payment. The legality of the law will go along with the times. Currently it is impossible to issue a legality, because there are still many people who are unfamiliar with blockchain technology. So that the legality is not misused by certain parties. Although currently there is no legal legality, the use of Bitcoin can run smoothly, meaning that those who use Bitcoin today must be prepared with all risks. The biggest risk in my opinion is price fluctuations.

[nicolas1979]

I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.

Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

Bitcoin adoption will take place, and anyone who understands crypto developments will adopt Bitcoin as an asset as well as a means of payment. The legality of the law will go along with the times. Currently it is impossible to issue a legality, because there are still many people who are unfamiliar with blockchain technology. So that the legality is not misused by certain parties. Although currently there is no legal legality, the use of Bitcoin can run smoothly, meaning that those who use Bitcoin today must be prepared with all risks. The biggest risk in my opinion is price fluctuations.

Yes, I agree. Of course providing an understanding of blockchain is much more important nowadays than legality. Precisely because people are still unfamiliar with blockchain so that legality is difficult to obtain. The pros and cons of crypto are still going on. Current crypto users in the world are still below 5% of the total world population. Not to mention we're talking countries that don't understand and that reject crypto.
I think that it is our job who understands crypto, especially Bitcoin, to give a positive view and use it in positive ways, so that Bitcoin will automatically be adopted by society in general.

[rby]

That was uncertain OP and it remains like that forever.
And I would like to say that adoption will take so long, it was too long to imagine and it was continuous. But the only thing that makes me certain about Bitcoin is that people had enjoyed and benefited from this. Besides, that is what we wanted to happen and I believe that we are never disappointed with the trust we give to Bitcoin.

Apart from the fact that people have benefited from bitcoin, bitcoin is also in the hands of people and not am individual, for bitcoin to fail it means we all will agree that I fails and not one person. I just wish many people can start to run full nodes in order to have a little say about Bitcoin. Bitcoin is precious and we need to guide it, and the future of bitcoin is very bright.

[Detritus]

Bitcoin is a new type of currency that is constantly evolving.

Bitcoin was launched in 2009 which was 13 years back. From the initial lounch of $BTC, it had no value despite being refered as a store of value but in the past few years, lots of investors has developed the desperation to own Bitcoin, some companies has also chosen to accept $BTC as means of payment. I believe more innovation will come as time proceeds.  

Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate.

  If Bitcoin persevere, I believe more usability will be unravel. On May 22, 2010 Laszlo Hanyecz made the first recorded purchase of a physical goods were he spent 10,000 Bitcoin to purchase two Papa John’s pizza. (Read full story here: https://www.google.com/amp/s/www.forbes.com/sites/rufaskamau/2022/05/09/what-is-bitcoin-pizza-day-and-why-does-the-community-celebrate-on-may-22/amp/)
    Microsoft company has been accepting Bitcoin for use in their online Xbox Store since 2014 (you can read here:
https://buybitcoinworldwide.com/who-accepts-bitcoin/) other companies too accepts payment in Bitcoin. Perhaps in more years to come there may be more usability in of Bitcoin.

Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services.

  In my country, Bitcoin/use of crypto is not totally ban but the CENTRAL BANK of my country has warn all banks to discontinue every transaction of cryptocurrency with debit and credit card. We are now leaving by P2P as means for adoption of cryptocurrency - fiat or fiat -crypto.
     On May 22, 2022 was the first time I sold BTC this year (https://imgur.com/ZL0tf3K). I had no other options of paying my school fees, so I had to sell some portion of my $BTC to fulfill the school fee (https://imgur.com/lmm5CYO)

As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law.

 Advicing you to go against your country rule is bad because going against it may attract some penalty as well.

How about you, do you have any good ideas for future bitcoin adoption?

I think future adoption of Bitcoin may be more easier considering that some Decentralised or centralized Blockchain platform will be developed with more features.

[lalabotax]

I fully agree with you that extreme volatility of Bitcoin is the main hindrance in its mass adaption,

Why does volatility become the obstacle to Bitcoin adoption? I think volatility is even the advantage of bitcoin since the volatility makes people get huge profits by investing in Bitcoin. If there is no extreme volatility, people will have no chance to earn huge profits. You must know that volatility makes Bitcoin price to move significantly.

volatility will only come down when its marketcap will reach at least $5 trillion, then  whales won't be able to shake its price easily because its investment base will be broadened

What do you mean? I don't think volatility will be over once BTC market caps reaches $5 trillion. Volatility is the nature of Bitcoin, it is happening because Bitcoin is decentralized. Anyway, whales can manipulate Bitcoin price any time, as long as bitcoin is decentralized.

[Oilacris]

That was uncertain OP and it remains like that forever.
And I would like to say that adoption will take so long, it was too long to imagine and it was continuous. But the only thing that makes me certain about Bitcoin is that people had enjoyed and benefited from this. Besides, that is what we wanted to happen and I believe that we are never disappointed with the trust we give to Bitcoin.

Apart from the fact that people have benefited from bitcoin, bitcoin is also in the hands of people and not am individual, for bitcoin to fail it means we all will agree that I fails and not one person. I just wish many people can start to run full nodes in order to have a little say about Bitcoin. Bitcoin is precious and we need to guide it, and the future of bitcoin is very bright.

Nothing is assured if we do speak about future or upcoming things to happen ahead even though Bitcoin is really that the main thing been supported into this community but we cant ensure that it would

really be just the same in future years to come.We dont know if there would be something better which would really be patching up into its current place but in overall its really hard to consider nor mind

off about those probabilities since we do know that it cant really be just easy to replace on something that is really on the first cryptocurrency existence which is really hard
to ignore and wont be putting some consideration and recognition to it.

[LittleBitFunny]

As for myself, I don't expect price stability to come to bitcoin in the future, and if bitcoin becomes more stable and less volatile, I think it will negatively affect the appeal of bitcoin.

Why did you think less volatile would negatively affect Bitcoin? Currently most of people who don't like Bitcoin is because of the high volatility, they're scared if the price can increase or decrease for 10% in a single day. Take a look with the other assets, they're have more confidence and trust when the price didn't change very massive. IMO if Bitcoin is less volatile, I'm expect more adoption will happen since there's no need to worry for them.

We know that cryptocurrency or bitcoin attracts a large number of investors to the market because of the volatility of the market. Bitcoin is considered a risky form of investment because of its high volatility, high volatility that will bring great returns to investors. I think most market participants are looking for high returns and not bitcoin stability. We are all looking at bitcoin as an investment rather than a currency.

[JayTrain]

I would like bitcoin to be accepted all over the world as a form of payment, because bitcoin is just over 10 years old, and already has millions of followers and this figure is growing every day. For me, this area is unique in its kind, because if you direct your financial flows in the right direction, you can have passive income, which sometimes saves in difficult times.

[darewaller]

Another risk with adopting bitcoin as legal currency transaction when price suddenly drop how many people already accepting their investment or currency transaction values drop. Maybe as investment assets not really problem when bitcoin become legal currency transaction because they keep hold and wait until price going up, but what happen with market place when accepting bitcoin as legal currency transaction but not convert to be fiat money before bitcoin going dump, actually they will loss and can get back capital based on product selling, but if they can convert bitcoin transaction faster not matter what happen with bitcoin going up or down.

I would guess that people who are accepting it takes that risk, and doing it for long term and not just short term. Think about it this way, if you accepted it, and have to sell and get the product back, then it is not going to be actually that smart decision, it would probably be something bad.

This is why it is smarter to actually have something that is reimbursing you for the sold item in a fiat manner, and keep the crypto in savings account. That way you will not have to keep on selling or risking volatility, even if it drops, you will be doing fine and that will be helping you a lot. That's my personal view for people who would like to accept it, find a way to cover the expenses in fiat, then the rest goes to crypto.

[CryptoHeadlineNews]

Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

Bitcoin doesn't have to be legalized in your country to own Bitcoin, and that's why we have the peer2peer market where people living in an area where Bitcoin is prohibited could easily connect with each other to exchange Bitcoin for Fiat money. All you have to do is look for a exchange which supports your country, of which "Binance" and "LocalBitcoin" are my recommendable exchange that supports most countries but don't know for yours. Because just like Nigeria whose government is against Bitcoin and yet Nigeria happens to be the top list in terms of Bitcoin trading volume all around the world. Because all that could only be made possible through the use of the peer2peer market.

[davis196]

I'm not required to give ideas about future Bitcoin adoption.
There are people, who are smarter than me, the Bitcoin developers. They will propose and implement innovations that will make Bitcoin better and help for mass BTC adoption.
It's hilarious to think that every member of the Bitcoin community is somewhat obliged to promote Bitcoin to friends and family and help in spreading the concept of Bitcoin around the world. There's no such obligation and everyone is free to learn about BTC and to choose whether or not to use in his/her daily life. There's plenty of free info about Bitcoin on the internet. I'm not going educate and spoonfeed anyone about BTC.
I'm not sorry to hear that Bitcoin is not a legal tender in your country, but that doesn't stop you from using BTC.