What your ideas about bitcoin adoption in the future?

[noorman0]

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.

Not everyone in the world likes volatility. Especially retailers who only make an average profit of 10% of the wholesale price, they can't sell all their sales with just one click. On the other hand (if bitcoin is adopted) they will have to maintain the value of profits from volatility which will certainly be another job to think about. Bitcoins can erode the regular profits of businesses unless they behave like a typical investor i.e. “invest as much as you can afford to lose”, meaning they are fine if their stock of merchandise dwindles.

[Oneandpure]

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.

If the perception of accepting bitcoin as a means of payment and conversion to fiat is long-term, I think many sellers will experience capital difficulties because the proceeds from sales and profits they get are still held in bitcoin. It may be different from large companies if they accept bitcoin as a means of payment and on the one hand they have large reserves and capital.  The situation is very different if small businesses accept bitcoin as a means of payment, on the one hand they have no choice but to make bitcoin in fiat form as quickly as possible because with minimal capital they cannot restock other goods. If you have enough deposits, of course, there is no big risk when you receive bitcoin payments and you can hold it at any time.

[tjtonmoy]

I have no idea when this will happen, but I know for sure that this will happen. It will take a lot of time to be finally legalized. We need a new generation of world leaders who understand the value of crypto and they can make this thing happen. So let's wait for that day. Because in the presence of this old generations, this will never be possible.

[Finestream]

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.

Bitcoin adoption will be certain in the future as long as we continue to patronize bitcoin and use it more as a payment option rather than just a single investment. Although it’s seldom to see people nowadays that they are paying using bitcoin, I guess it’s also understood because most of the country’s government today are not into bitcoin adoption yet. However, changes are inevitable, and we can only see good future for bitcoin if they start supporting it rather than seeing it as an enemy and threat to fiat.

[Viscore]

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's part of its use case. There have been companies or freelance markets that do issue and pay their workers with bitcoin. That's not actually a new thing and it's just part of bitcoin as a use case.
You'll see those coffee shops that have QR codes if you want to pay them bitcoin. Honestly, IMO, we're just getting started and more merchants and stores are starting to become open to it as a payment and that is because they like the idea of owning bitcoin. They'll get paid by it and then they hold it as an investment.

I have always heard news that some stores are already accepting bitcoin as a payment option, sadly it’s not yet happening in my own place. But I know eventually as more people are now interested in bitcoin ownership, then it will also open opportunities like store owners to accept bitcoin payment as it also gives them chances to own and invest into bitcoin as business minded persons will always think of more profits coming into their way.

[South Park]

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's part of its use case. There have been companies or freelance markets that do issue and pay their workers with bitcoin. That's not actually a new thing and it's just part of bitcoin as a use case.
You'll see those coffee shops that have QR codes if you want to pay them bitcoin. Honestly, IMO, we're just getting started and more merchants and stores are starting to become open to it as a payment and that is because they like the idea of owning bitcoin. They'll get paid by it and then they hold it as an investment.

I have always heard news that some stores are already accepting bitcoin as a payment option, sadly it’s not yet happening in my own place. But I know eventually as more people are now interested in bitcoin ownership, then it will also open opportunities like store owners to accept bitcoin payment as it also gives them chances to own and invest into bitcoin as business minded persons will always think of more profits coming into their way.

What happens is that even if the adoption of bitcoin is growing every day at the same time due to its attractiveness as an investment many people are not using their bitcoin for their everyday purchases, so businesses at the moment do not really see too much of an increment on their sales when they adopt bitcoin, however I think we will get to a point in which the adoption of bitcoin will be so large that not adopting bitcoin will hinder the chances of a business becoming successful, this will create the incentive for those business to accept it and in return will create more opportunities for people to spend their bitcoin, creating a positive cycle which feeds itself.

[_BlackStar]

If the perception of accepting bitcoin as a means of payment and conversion to fiat is long-term, I think many sellers will experience capital difficulties because the proceeds from sales and profits they get are still held in bitcoin. It may be different from large companies if they accept bitcoin as a means of payment and on the one hand they have large reserves and capital.  The situation is very different if small businesses accept bitcoin as a means of payment, on the one hand they have no choice but to make bitcoin in fiat form as quickly as possible because with minimal capital they cannot restock other goods. If you have enough deposits, of course, there is no big risk when you receive bitcoin payments and you can hold it at any time.

It's up to the adopters how they treat their bitcoin, and I think they're the only ones who know what's best to do whether converting them straight to fiat or holding them long term. I don't mind adopters' strategies because they know what they have to do for their own business.

The risk involved is price volatility, but that is not the only risk to consider. I can think of a more extreme risk where an adopter loses access to his wallet because he fails to implement good security for his wallet. This must be rare because I think some of them will use an exchange wallet to receive a small amount of the price of the item.

[TheUltraElite]

I have no idea when this will happen, but I know for sure that this will happen. It will take a lot of time to be finally legalized. We need a new generation of world leaders who understand the value of crypto and they can make this thing happen. So let's wait for that day. Because in the presence of this old generations, this will never be possible.

It is never about generations. There are people who understand how bitcoin works and finds it harmful for their future and such people will always oppose bitcoin and its adoption, it need not be old or young generation. When a person sees their future crumble because of a factor, they will try to eliminate or delay the factor.

Future governments might become more lenient towards crypto but this become more streamlined if the regulations come in place. So first will be regulation and then there will be widespread adoption.

Before this happens, we old timers need to accumulate as much bitcoin as we can so we have a profitable outcome in plan.

[qwertyup23]

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 beauty behind BTC's technology is the power of the blockchain to create a public spreadsheet where it contains permanent information that people cannot change. Once you have this technology, you can adopt it to various services and products. For example, if you scan a fruit in the supermarket, its full database containing all the processes that it undergo will reflect. This will give you an idea if the fruit that you just bought is safe from all the harmful fertilizers or if the farmers handled it with care.

The example that I provided above is just one out of the many things that the blockchain technology can do.

[Rana590]

I have no idea when this will happen, but I know for sure that this will happen. It will take a lot of time to be finally legalized. We need a new generation of world leaders who understand the value of crypto and they can make this thing happen. So let's wait for that day. Because in the presence of this old generations, this will never be possible.

Everybody knows that how much important of the Internet for social communication or information sharing. Likewise, there will be no need to explain the importance of Bitcoin for financial transactions in the future. At one time fiat money could also be characterized as a scarce commodity. That day is not so far. One thing is that the faster crypto is legalized the more we will continue to take its advantages.

But there are a lot of counties where Bitcoin is not acceptable as legal currency. Even many people don't know about the Bitcoin at all. Illiteracy is a great curse for Bitcoin but people will adopt digital currency in future, it is almost sure.

[nullama]

~snip~
But there are a lot of counties where Bitcoin is not acceptable as legal currency. Even many people don't know about the Bitcoin at all. Illiteracy is a great curse for Bitcoin but people will adopt digital currency in future, it is almost sure.

As far as I know, as long as there are two people willing to exchange goods and services for Bitcoin, then they can do so, anywhere in the world. I don't see how something like that could be stopped.

[boris singer]

~snip~
But there are a lot of counties where Bitcoin is not acceptable as legal currency. Even many people don't know about the Bitcoin at all. Illiteracy is a great curse for Bitcoin but people will adopt digital currency in future, it is almost sure.

As far as I know, as long as there are two people willing to exchange goods and services for Bitcoin, then they can do so, anywhere in the world. I don't see how something like that could be stopped.

It can still happen but if you look at this moment, especially for my country right now, it is not supporting it even if there is such a desire, it still can't be done with just that in the whole world.
For some regions it may be possible but not for some countries, especially with the condition of the country which clearly rejects bitcoin.

[Jeger.Kiting]

I have no idea when this will happen, but I know for sure that this will happen. It will take a lot of time to be finally legalized. We need a new generation of world leaders who understand the value of crypto and they can make this thing happen. So let's wait for that day. Because in the presence of this old generations, this will never be possible.

When you say this is impossible, I think it is wrong if they think in the future maybe he will understand more by knowing the development of increasingly sophisticated technology in the future, especially crypto has a very good future for the country's economy to become more developed. Maybe this will be considered first to ensure that it will be important for everyone in this country, but it will take a very long time because this has to be discussed with everyone in this country.

[GRTonmoy12]

 script for automatic re-balancing: https://c-otto.de/

Happy to answer more questions -- oh, and feel free to open a channel to me. The best way to get started is to open liquidity triangles with people (ie A->B; B->C; C->A). Happy to be a part of a couple here if there is interest. I do require a minimum of 5M sats for any incoming

[darkangel11]

I'd really like to see bitcoin as a legal tender in my country but it's probably never going to happen. Most governments are so afraid to lose power and the EU is focused on getting rid of cash in total. They're restricting ATM withdrawals and payments you can make in cash. Nowadays you cannot buy a new car or a house with cash anymore because in most countries you aren't allowed to spend more than a certain amount. In Portugal this limit is 10k EUR, In Slovakia 15k EUR, and so on. I feel like this is where Bitcoin could excel. It will allow people to exchange like they'd do with cash just with no inflation and with no government surveillance.

[TheNineClub]

BTC adoption in the future will have to come at a cost of some core values BTC has. There will have to be some give for some get, and the major thing is government  regulations that would give more security towards users. And that will come as more transparency.

[famososMuertos]

Sometimes it is not about having new ideas, it is about supporting existing ones and simply using bitcoin.

Fortunately there are users who go further on an individual level, even beyond what they could do as individuals, here in the forum there are several cases, they have dedicated themselves to teaching or at least promulgating that bitcoin exists.

In that sense, it supports what exists, that in itself resolves the future of bitcoin since it gives it continuity and supports those existing ideas or projects, whether they are individual or those that exist commercially.

[Flamous]

Based on the utility and scarce amount of Bitcoin, it holds great potential.

[BobK71]

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?

Transactions in the world have been done by fiat money for a long time. Everything has changed but the transaction system has not changed yet. But at this decade the people are trying to make it more transparent but are not succeeding in any way or finding the right medium. Among these inventions is Bitcoin which has gained worldwide reliance with the help of blockchain technology. It is decentralized so no country's government can control it. However, considering its positive aspects, it is expected that it will get legal tender almost everywhere in the world, maybe we have to wait for some more time.

[TheUltraElite]

I thick the leading exchange in future is crypto mainly Bitcoin, even though Bitcoin falls more than 50% in past months it recovers like a Boom in future and many of the big investors holding their asserts  

If bitcoin falls by 50% it will not happen in a single go but step wise drop at most but there will be an obvious correction to it as well. Hence such huge movments are likely not going to happen.

Still for the record older charts show that Bitcoin recovery is gradual but complete and this the support behind it from the community.

Which in turn should not affect adoption by merchants. Because even a large movement in price is would not affect the price of an article. Again with investors this is opportunity.

So largely speaking, price movments should not have much impact on adoption. After all we have forex markets but do they influence the sale of overseas items? Not much.