What your ideas about bitcoin adoption in the future?

[Rockstarguy]

Bitcoin will gain more adoption from different countries in the future, already some government who criticise bitcoin are using bitcoin to invest and as a means of exchange for goods and services. In the future bitcoin the rate at which people use bitcoin and it may cause the price of bitcoin to be more expensive. Time to come people will be make use of bitcoin freely to purchase whatsoever they, bitcoin will be common currency for business.

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[ethereumhunter]

The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?

It is not easy to receive a salary in bitcoin in offices because the regulations in their country will bind that office or company. If their country allows the use of bitcoin or crypto as payment or receipt of salary, offices and companies will start offering it to their employees. It would be the same as accepting bitcoin as a means of payment for public transportation because it would go back to government regulation.

We can have good ideas for bitcoin but that will go back to government regulations governing payment instruments. So maybe now we can provide information to the public about the existence of crypto and how they can use it well. Hopefully, the government can help by issuing more broadly regulations on the use of bitcoin or crypto.

[ChiBitCTy]

So you’re saying that bitcoin was made illegal by your government? That’s unfortunate but honestly this is all the more reason to like and invest in bitcoin. Your country might make it more difficult to transact, but you always have OTC (over the counter) trading available and that’s nothing they could ever stop in reality.

[dimonstration]

Bitcoin will gain more adoption from different countries in the future, already some government who criticise bitcoin are using bitcoin to invest and as a means of exchange for goods and services. In the future bitcoin the rate at which people use bitcoin and it may cause the price of bitcoin to be more expensive. Time to come people will be make use of bitcoin freely to purchase whatsoever they, bitcoin will be common currency for business.

Are you referring Russia because they just consider Bitcoin as mode of payment for there oil but I think those proposals didn’t materialize at all because they are afraid of its volatility. The mass adoption we are all dreaming is very hard to come true because government and banks is totally against the idea of decentralization. The moment we are starting to build this mass adoption momentum will surely stop immediately by the government by imposing new law specialized to counter crypto. EU and US is starting to do it already and I believe most rich country will follow.

[tbterryboy]

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.

Yes, that is for sure. Remember when we first heard about btc we are too skeptical about it. There is doubts if we will engage on it or not but eventually we decided to try it and then like it. The same thing can go with others who are still new to it. Once they do their research, they will now be ready to welcome bitcoin on their life.

Most of the companies that you are talking about that supports bitcoin are online because the countries that made btc a legal tender is still too low and most of us can't use our bitcoins yet for buying locally but it is possible to make payments for individual persons. Not all will use btc for some reasons, this is why fiats can stay.

[Issa56]

Most of the companies that you are talking about that supports bitcoin are online because the countries that made btc a legal tender is still too low and most of us can't use our bitcoins yet for buying locally but it is possible to make payments for individual persons. Not all will use btc for some reasons, this is why fiats can stay.

Yes I know not all countries support bitcon as a legal tender, but their are some countries that bitcon is neither legal nor illegal like my country now, Bitcoin is not legal and its not illegal so I believe you are free to trade bitcon and you are free to do anything you like with bitcoin, if you decide to accept bitcoin in your company, you have not violated any rule, but their are still very few companies that accept bitcoin as payment method in my country, but I believe with time things will change and numbers of companies that will accept bitcoin will keep on increasing.

[justdimin]

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.

Those nations will have to learn what it means to be a crypto pro nations because they will be forced to follow the lead. If there are a lot of money to be made from taxing crypto people, any government who doesn't make it legal and taxed, will end up causing themselves heaps of headache.

Everyone who "discussed" about bitcoin ended up accepting it as legal for one simple reason; they could ask for a ton of taxes from people who trade it. If you made any profit at all, you would pay a tax on that profit, government gets a share on your spoils. This is why I think that there won't be any nation left that bans crypto, eventually they will all come around.

[dark1234]

I believe one day transactions between countries will use crypto, especially Bitcoin. But this is not the time, because there are still many who are unfamiliar with using crypto as a transaction tool.

bitcoin until now is still not fully functional according to the initial idea, this is constrained by state regulations and the current state and government attitude but at some point it will happen even though not with bitcoin maybe with other altcoins. considering that some countries have legalized it to be a transaction tool we just need to be patient for that

[GreatArkansas]

(.....)
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?

I think the most common good idea for the future bitcoin adoption is Bitcoin being a legal tender for every country, it seems to be the first step and it will very huge, because if ever it will become a legal tender, the regulations on cryptocurrency will start become less strict especially on some countries which is illegal to use Bitcoin or even you are creating on some centralized cryptocurrency platform like exchanges, it is really worst.

[uneng]

Bitcoin will gain more adoption from different countries in the future, already some government who criticise bitcoin are using bitcoin to invest and as a means of exchange for goods and services. In the future bitcoin the rate at which people use bitcoin and it may cause the price of bitcoin to be more expensive. Time to come people will be make use of bitcoin freely to purchase whatsoever they, bitcoin will be common currency for business.

Can you tell what governments you are referring to? As far as I know only El Salvador has adopted bitcoin as legal tender, while many other countries have friendly approaches towards bitcoin, like Portugal, Germany, Slovenia, Malta, Luxembourg and more...

However, countries with a history of hostility against bitcoin haven't changed their stances yet. Countries worth to be mentioned are China, Russia, India, Nigeria and so on...

[Tony116]

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.

As time goes on, Bitcoin will also become mass adopted, if it can't become legal tender, at least it will be accepted as a commodity, or asset, but with the order of acceptance will be a series of regulations.
The government will never fully accept bitcoin if they don't figure out how to control it, accepting it without any regulations is like shooting yourself in the foot, and the best way is to regulate the people who trade bitcoins.

[bluebit25]

If I look back to the present and I see BTC adoption expanding, I'm not sure everyone's vision here will be the same, but theoretically, BTC value has achieved significant growth. amazing. And I have to admit the fact that its potential is still largely untapped and that the economic shift will help more people access it and find solutions to more specific applications. In terms of ideas, I don't have much to think about because I just visualize how I approached them many years ago, and I have a positive view of them at the moment. So on the positive or the negative side, it exists, so we debate a lot of aspects of it. Personally, I have always found acceptance and more people believe in it than other asset classes.

[traderethereum]

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.

As time goes on, Bitcoin will also become mass adopted, if it can't become legal tender, at least it will be accepted as a commodity, or asset, but with the order of acceptance will be a series of regulations.
The government will never fully accept bitcoin if they don't figure out how to control it, accepting it without any regulations is like shooting yourself in the foot, and the best way is to regulate the people who trade bitcoins.

I guess bitcoin is already accepted as a commodity or asset because many exchanges are allowed to include bitcoin and altcoins on their trading lists.
It is only a matter of time for bitcoin and altcoins to be accepted as legal tender even though some countries already accept bitcoin as legal tender.
Apart from being a means of payment, bitcoin also offers investment for people who want to increase the amount of money by buying bitcoins and altcoins and storing them and selling them at the highest price.
Governments may not be able to control the movement of bitcoins but they can monitor bitcoin users through their banks so they will know the transactions used by users.

[nullama]

I think we will slowly see more and more countries adopting it.

At the end of the day, it's a fantastic method of payment, and it's incredibly secure.

Plus, you don't need to trust third parties.

Some places in Europe already started years ago accepting it for paying for government services, like Zug, a canton in Switzerland: https://bitcoinist.com/zug-swiss-bitcoin-payment-permanent

It's just a matter of time until more and more countries use it more formally.

[Reatim]

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?

it may not a legal tender in my country as well but at least our government has no stand or act as banning this meaning we can still use bitcoin as mode of payments in some places since there are limited company and sites that accepts this also.

I believe one day transactions between countries will use crypto, especially Bitcoin. But this is not the time, because there are still many who are unfamiliar with using crypto as a transaction tool.

bitcoin until now is still not fully functional according to the initial idea, this is constrained by state regulations and the current state and government attitude but at some point it will happen even though not with bitcoin maybe with other altcoins. considering that some countries have legalized it to be a transaction tool we just need to be patient for that

because many government is still aggressive and insecure from the entering the market ,
  of course they are protecting the interest of banking company because those are their bread and butter lol.

[BALIK]

Bitcoin will gain more adoption from different countries in the future, already some government who criticise bitcoin are using bitcoin to invest and as a means of exchange for goods and services. In the future bitcoin the rate at which people use bitcoin and it may cause the price of bitcoin to be more expensive. Time to come people will be make use of bitcoin freely to purchase whatsoever they, bitcoin will be common currency for business.

I also believe that in the future bitcoin will be more and more widely accepted, but for bitcoin to be freely used in buying and selling goods and becoming a currency, it is still too early to say so.

Perhaps the government will recognize bitcoin as a commodity or asset rather than a currency, if bitcoin becomes a currency, perhaps the government will need more tools to control it before accepting it as a currency.

[cloudfir3e]

Now the demands of bitcoin was reduced due to the reduction in bitcoin price.But in parallel,new people was get into the crypto currency.Specifically they make some investment in the bitcoin.So the bitcoin had good future by considering as an asset.It also had great scope by the mean of stock market trading.

it should be if the price of bitcoin decreases, it makes the right momentum to buy and save bitcoin for the future as new people who enter crypto investment do.
they prefer bitcoin because it is feasible to invest even though it is risky but bitcoin itself actually has a risk that tends to be smaller than other crypto assets.
bitcoin is a crypto with great potential for its holders to be able to generate multiple profits in the future, over time bitcoin is getting rarer and more countries will adopt bitcoin so that it can make it the most valuable asset in the world.

[adzino]

I doubt they are going to use bitcoin in current form as a form of payment to make day to day transaction. If it becomes mainstream, network usage will increase, transaction fees will skyrocket, and confirmation time will be unbearably long. So unless some kind of solution is found (like lightning network) that can be used easily, everyone will stick to using other altcoins that will have lower fees and faster confirmation time. Or maybe people might end up using centralized wallets (sadly) like coinbase and binance to pay instantly.

[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?

Adoption increases when the users are themselves aware of the pros and cons of a system. So I say, we make our peers aware of crypto and how it works, how to keep it safe and what are its pros and cons. If someone takes you a tin-foil hat guy, which can happen when trying to give a speech, avoid them.

But still if governments are giving an illegal stance to crypto, then all your work will go in vain. We can assume that it will not happen, because such moves are taken mostly by conservative sects. Rest are keeping it in a "grey" area and evaluating risks vs rewards.

There is very little you can do as a single person so try to gather a community in your city or locality and see how that grows.

[NicNacCoin]

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.