What your ideas about bitcoin adoption in the future?

[Nrcewker]

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?

The chance you can see currently of adoption of Bitcoins, this will be the same in the future also.
I mean why government will adopt something which they cannot control or impose tax on it? So in future also the scenarios won’t change according to me.
Moreover we are also happy by maintaining our privacy with Bitcoins. So I guess there is no need of adopting the Bitcoins publicly.
My opinions on this might be differ, but this is what I think of.

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[TheUltraElite]

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?

Awareness, information about the pros and cons is what we should aim for. We cant change something in one day so this takes time and needs patience from our side. Also try to begin this from home, involve your friends and family, try to gather a local community among crypto and watch it grow.

Gradually governments are going to notice and they are also going to take actions. While most liberal governments will allow crypto gradually, this might not be the case for conservative ones. If that is the case then you are screwed.

I know a lot of users in this world are having bitcoin but cannot spend it for daily purposes because of restrictions. Hope for a better future is there and we can only hold on to that hope.

[_BlackStar]

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

There are no new ideas, maybe it should be the same as people's opinions ^{[goods and services].} Its main purpose is as a currency and payment system so that adoption depends only on the legality of a country and the wishes of the people themselves. For example in El Salvador, bitcoin is legal as a means of payment but there are still many people there who do not adopt it as a means of payment for any reason.

However, if a country wants to legalize and adopt it, it can help increase public confidence in financial institutions that have a bad image from the point of view of transparency and system scam, including banks. Integrity and trust can be better if bitcoin is adopted as a payment system and all that is contained in the innovations that exist in bitcoin.

[rby]

Internet is very powerful and as long as there is internet and you can connect with people outside your country, you can still use bitcoin in your country even if it's not a legal tender. In my country bitcoin is not a legal tender but a good number of the country population uses bitcoin.
It is just like gambling, some countries doesn't support gambling buy gamblers still finds way to bet online. So you can order stuffs online with bitcoin.

About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.

[indah rezqi]

The chance you can see currently of adoption of Bitcoins, this will be the same in the future also.
I mean why government will adopt something which they cannot control or impose tax on it? So in future also the scenarios won’t change according to me.

Governments can't control bitcoin, but they do manage to control bitcoin users by regulation. Then from there the government also succeeded with its tax rules against bitcoin users where it made the most sense to apply when the government did not prohibit trading or mining. Regulations between countries regarding bitcoin of course vary and the same applies to tax rules. India has a higher tax percentage than my country, but bitcoin is still not legal as a means of payment. That's the problem, they want profit while they don't support freedom and adoption which can somehow be construed as bullshit.

Moreover we are also happy by maintaining our privacy with Bitcoins. So I guess there is no need of adopting the Bitcoins publicly.
My opinions on this might be differ, but this is what I think of.

Even without adoption and legality, you can own bitcoins with a good level of privacy which the P2P marketplace will help. Decentralized exchanges like Bisq can also help you maintain your privacy, these are exchanges that do not require you to register. Then later if you want to remove traces or obscure transaction traces, the mixer can also be used as a follow-up effort so that your privacy can be better.

[posi]

About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.

Why wait after the 2024 bull run? The rise in the price of bitcoin will attract more new investors into the market but for companies and governments the adoption and acceptance of bitcoin depend on its technology and the benefits it will bring to them. Such as corporate-level bitcoin adoption: if they don't invest but only accept it as a payment method, it takes a specific time for this, this will help them get more clients from crypto investors. If they don't invest and don't want to hold bitcoin then they can convert bitcoin to fiat instantly.

[2stout]

Bitcoin adoption is inevitable, like fighting against the win.  To put it better, like to Borg said- "Resistance is futile".  It's not that Bitcoin is imposing but rather it offers a better, clear alternative to the inflationary status quo.

[MarjorieZimmermanGinger]

First I want to say, that bitcoin is not a new type of currency, because it existed before developing countries started to like it, now bitcoin has developed far, there are even some countries that use it as a medium of exchange for the purchase of certain goods and services. This shows that bitcoin has become very popular and growing in certain countries.

Talking about this law will be difficult to find an answer, because the function of bitcoin itself is not to weaken the challenge of fiat currency, but people connect it too far, so bitcoin is the reason for the inability to accept, I think the presence of bitcoin has helped so many people who want to take part in this space, while the use of bitcoin itself is very dependent on each individual

[taufik123]

About the adoption of bitcoin, it will continue to grow among companies, individuals and governments, especially after the 2024 bull run.

Why wait after the 2024 bull run? The rise in the price of bitcoin will attract more new investors into the market but for companies and governments the adoption and acceptance of bitcoin depend on its technology and the benefits it will bring to them. Such as corporate-level bitcoin adoption: if they don't invest but only accept it as a payment method, it takes a specific time for this, this will help them get more clients from crypto investors. If they don't invest and don't want to hold bitcoin then they can convert bitcoin to fiat instantly.

but for governments who are not pro with bitcoin, this will be a threat. The adoption of bitcoin will change all the systems they regulate and control completely. With the adoption of bitcoin they (the government) cannot exercise full control, this is the reason some governments are reluctant to adopt and only provide standard regulation for bitcoin.

The adoption of bitcoin will indeed have a positive impact, namely increasing the interest of crypto investors, but behind it will be a lot of work.
Currently bitcoin is only used as a commodity tool and is still side by side with Fiat.

only the country of el-salvador is able to fully adopt bitcoin and even continue to develop it to the point of wanting to build a Bitcoin City.

[Issa56]

Bitcon have been in existence for year's now, when bitcoin was created just few people know about bitcon and most of them don't even believe in bitcoin has at that moment, with time bitcoin started getting popularity and people started knowing about bitcon, most people don't really accept bitcoin as payment method because they don't believe in bitcon. But today lot's of people know about bitcoin and lot's of companies are now accepting bitcoin as payment method and some countries have adopted bitcon, bitcon have gained lot's of popularity and everybody are now talking about bitcon everywhere now.
I believe in future most of the countries that are banning bitcoin currently won't have choice than to later accept bitcoin and I believe most companies will accept bitcoin.

[Cryptmuster]

Bitcon have been in existence for year's now, when bitcoin was created just few people know about bitcon and most of them don't even believe in bitcoin has at that moment, with time bitcoin started getting popularity and people started knowing about bitcon, most people don't really accept bitcoin as payment method because they don't believe in bitcon. But today lot's of people know about bitcoin and lot's of companies are now accepting bitcoin as payment method and some countries have adopted bitcon, bitcon have gained lot's of popularity and everybody are now talking about bitcon everywhere now.
I believe in future most of the countries that are banning bitcoin currently won't have choice than to later accept bitcoin and I believe most companies will accept bitcoin.

Acceptance of bitcoin will be easy when people understand exactly why they need it and how it can be applied in everyday life. Now, for most of the population, bitcoin is something unknown and too risky. Someone uses it as an investment tool, but does not use it to pay for services and goods. Adoption cannot be carried out artificially, everything must develop in its own way, as we see it is a long and difficult journey.

[Taskford]

Bitcon have been in existence for year's now, when bitcoin was created just few people know about bitcon and most of them don't even believe in bitcoin has at that moment, with time bitcoin started getting popularity and people started knowing about bitcon, most people don't really accept bitcoin as payment method because they don't believe in bitcon. But today lot's of people know about bitcoin and lot's of companies are now accepting bitcoin as payment method and some countries have adopted bitcon, bitcon have gained lot's of popularity and everybody are now talking about bitcon everywhere now.
I believe in future most of the countries that are banning bitcoin currently won't have choice than to later accept bitcoin and I believe most companies will accept bitcoin.

Acceptance of bitcoin will be easy when people understand exactly why they need it and how it can be applied in everyday life. Now, for most of the population, bitcoin is something unknown and too risky. Someone uses it as an investment tool, but does not use it to pay for services and goods. Adoption cannot be carried out artificially, everything must develop in its own way, as we see it is a long and difficult journey.

Not as easy as we think due to many anomalies happen like scamming and people losing due to its volatility, If people will just research and be educated to what they are taking then maybe they can slowly adopt the risk although this is though but for sure when they get experience from what they go through then provably that they can learn something huge on cryptocurrency industry.

[Issa56]

Acceptance of bitcoin will be easy when people understand exactly why they need it and how it can be applied in everyday life. Now, for most of the population, bitcoin is something unknown and too risky. Someone uses it as an investment tool, but does not use it to pay for services and goods. Adoption cannot be carried out artificially, everything must develop in its own way, as we see it is a long and difficult journey.

I believe with time people will understand what bitcon is all about, but it might take time but definitely people will understand that bitcon is more than but buying and holding. Currently some companies are already accepting bitcon as payment method and am sure some people will be making payment with bitcoin, but we don't just expect everybody to be using it all at once but with time the number of companies accepting bitcon and the amount of people spending it will definitely increase.

[cheezcarls]

Doing the Bitcoin adoption slowly is much better than none at all. We don’t need to rush here. In most countries, Bitcoin isn’t legal nor illegal. It’s kinda “greyish” for us right now because of the uncertainties that we are facing in the crypto market due to the unpredictable price movement whether if it goes up or down without warning.

Education is still the most effective way of making individuals, companies, etc., to understand and embrace Bitcoin in open arms. If you engage them into Bitcoin without educating them first, that would be useless.

[Bushdark]

Bitcoin is not a new cryptocurrency and it is not a new thing to us and the general public. Bitcoin had been in existence for long and when we look and the rather of adoption, more people are joining the Bitcoin network everyday which makes it a unique project. I know many are still yet to learn about Bitcoin which is the reason why we need to pass the good news around.

Looking at the way the Bitcoin market and the entire crypto market is growing, in few years coming there will be more adopters of Bitcoin with more users joining it.

[kryptqnick]

Bitcoin is new compared to fiat, but it's not that new anymore.
In many countries Bitcoin isn't a legal tender but it's also not explicitly illegal, and that which isn't forbidden is allowed. Or it IS illegal, but the law regulating punishment for its usage isn't enforced. In those cases, it's still pretty safe to own Bitcoin, explore trading, try paying with it for something, or simply hodling. If in op's country the situation is different, and it really is illegal and one can get in trouble for it, I don't think I'd use Bitcoin in such a country, to be honest.
Luckily, there aren't many such countries, so overall, I think adoption of Bitcoin both as an investment and a means of payment will increase.

[fiulpro]

I would like to clarify some things for you, Bitcoins as a whole is not really a new concept or a new currency since it was invented back in 2009, I do think that the concept is quote old, stable and established.
Other than that there are few things more that we have to consider, them being *Bitcoins is not a legal tender in many countries which does not mean that you cannot hold it or trade bitcoins against your local currency* Being a legal tender is very different from being " Illegal " as a whole therefore at the end of the day I do believe you might to give your current government the benefit of doubt and hope for the best for the future of cryptocurrencies in your country. Hold bitcoins, have an international bank account as well, what I do know is, no matter what, Bitcoins can eventually form a strong connection within the constraints of currently legality, you just have to be extremely careful while sales/purchase.

[Kakmakr]

I think the awareness in first world countries has reached it's saturation level, but we still need to reach millions in the third world countries, where infrastructure for Internet access is needed.

A lot needs to be done to educate people about the myths linked to Crypto currencies and the FUD that are being spread by our competition. (organized actions to spread positive news and facts are needed)  

[Thara20]

With the growing trend in NFT, blockchain and crypto, the future of bitcoin does seem promising. Governments also seem to be warming up to implementing crypto in certain systems. Also, while most consumers do not now see the benefit of paying with cryptocurrencies, this situation may change as more businesses begin to accept them. Purchasing goods or services with bitcoin is probably still a long way from being a suitable financial decision. Still, increased institutional adoption could lead to more applications for regular consumers and have an effect on cryptocurrency pricing.

[Natalim]

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.