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Author Topic: What your ideas about bitcoin adoption in the future?  (Read 1396 times)
RealMalatesta
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August 23, 2022, 06:26:08 AM
 #101

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.
It just takes a while to recover, it is not really easy to just have a big recovery all at once, it always gets to a point where we go up a bit, go down less, then go up bigger and small drop then big increase and small drop keep doing like that until we break over the next ATH and that’s how we reach all time highs. Doesn't mean that we will not have huge gains time to time but usually it is 2 up 1 down and always goes like that.

This is our personal situation because we do not like to see it go up like crazy, we want to get out a bit, like take profit, or get the initial investment out and keep the profit in and that’s how we make a profit most of the time.
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August 23, 2022, 06:29:11 AM
 #102

Bitcoin due to its limited number and utility is the most potential coin at the time. It holds the maximum crypto market cap. It is anticipated that the rate of adoption will rise globally.
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August 23, 2022, 08:09:31 AM
 #103

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 grows on its own with the development and advancement of technology that exists today, adoption is not one thing that can guarantee growth in the crypto market, many countries adopt Bitcoin, still Bitcoin runs itself until now, no one can control Bitcoin even though all countries do it.


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August 23, 2022, 12:41:51 PM
 #104

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?

Here's my view, an answer to all economic challenges by giving you freedom, the key is right there in from of you which is the adoption of bitcoin and the goodnees is that you don't have to wait till the future, its start immediately you grab with your hands.


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August 24, 2022, 04:38:04 PM
 #105

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.
I believe generation would definitely play a role in it. I mean think about it this way, we are talking about old people who lived in a world for 50 years that did not have crypto, and people who will born into crypto or were 10 years old when bitcoin was invented.

These people who lived their entire life with crypto could see why it would not be harmful and they can see it more clearly, there could be some that will think it is harmful even in the younger generation but that number will be significantly low compared to the older generation who will have far more people who would be sceptical about crypto and that is why overtime when there are new presidents there will be better laws for crypto.
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August 24, 2022, 05:58:35 PM
 #106

Quote
What your ideas about bitcoin adoption in the future?
I see a lot of things very simple in my life and I don't think we have to make it complicated. And people want it simple and fast, which is the successful concept from apple. Make it simple! And I think that is a key to bitcoin becoming more successful and many more people to use it. There are other good reasons for bitcoin, but if you want to reach the masses of people, it muust be simple.

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August 24, 2022, 08:58:14 PM
 #107

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.
Bitcoin will always have a good future when it comes to being an asset because people nowadays are more interested into digital currencies. However, when it comes to bitcoin adoption, I believe there is always progress every year as some of the country’s government are now starting to be more open into adopting cryptocurrencies particularly with bitcoin as its demand from the people keeps growing every year.

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August 24, 2022, 09:30:10 PM
 #108

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.
Bitcoin is not also widely adopted in my own country but our government do not also put strict prohibition on it. So the people here still manage to do safe transactions with bitcoin because we have local exchanges that accept bitcoin. For now, bitcoin is just as good as more of an investment, but you can also use bitcoin in buying goods and services but in only selected stores as bitcoin is still not totally legalized in my country.

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August 25, 2022, 01:18:43 AM
Last edit: August 25, 2022, 09:57:20 AM by Sayeds56
 #109

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.
Bitcoin will always have a good future when it comes to being an asset because people nowadays are more interested into digital currencies. However, when it comes to bitcoin adoption, I believe there is always progress every year as some of the country’s government are now starting to be more open into adopting cryptocurrencies particularly with bitcoin as its demand from the people keeps growing every year.

The perception of Bitcoin as store of value and fast growing asset will continue to dominate the minds and hearts of investors  in coming months and years but its adoption will remain slow as it is very volatile compared to fiat currencies. We have the example of El Salvador where  government bet their economic salvation on Bitcoin but this gamble didn't work  out because Bitcoin price crashed and the country is in economic crisis though it is not fair to put all blame on Bitcoin, their financial mismanagement is the root cause of this difficult situation.

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August 25, 2022, 06:25:37 AM
 #110

I would prefer HODLING at the moment. As I have not invested more than I could afford to lose, so even if the prices go down I won’t be affected financially.
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August 26, 2022, 05:03:31 AM
Last edit: August 26, 2022, 09:55:51 AM by Sayeds56
 #111

FED
I would prefer HODLING at the moment. As I have not invested more than I could afford to lose, so even if the prices go down I won’t be affected financially.

In deed, it is a right strategy to hold this precious asset  with patience and wait for return of bull market and I am optimistic that Bitcoin will hit $100,000 in the next bull run. For the time being ,Bitcoin market  is likely to remain sluggish until world economy starts  recovering which is likely to happen when inflation starts coming down & FED stops raising interesting rates .

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August 26, 2022, 05:35:53 AM
 #112

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?
Even if there are countries or people who have not yet redeved fully bitcoin, but rest assured this is an alternative to the problem of current economic complexity. When viewed further, Bitcoin Adoption has developed far, and has placed as a legality to legalize as a means of payment, bitcoin visionary can hypnotize many people to do parts in it, so it's not so strange why bitcoinin continues to grow up now. Countries that can see opportunities will continue to improve this as an appropriate decision as an alternative problem, based on the consideration and rules set

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August 26, 2022, 03:00:40 PM
 #113

Quote
What your ideas about bitcoin adoption in the future?
I see a lot of things very simple in my life and I don't think we have to make it complicated. And people want it simple and fast, which is the successful concept from apple. Make it simple! And I think that is a key to bitcoin becoming more successful and many more people to use it. There are other good reasons for bitcoin, but if you want to reach the masses of people, it muust be simple.
Yeah, life is more wonderful without any complications but I think the other meaning of the word complications or complicated is not bad, like for example when creating a crypto, when creating a phone, etc that can't possibly be do by a regular/single individual or can't be complicated in just a few days. They need that kind of complications because as you can see it helped our life drastically.

I think bitcoin isn't that simple but you need some knowledge to operate it although it is possible to explain it to someone else in a less complicated way, as long as those people already have some knowledge which can be used to operate a btc.

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August 26, 2022, 06:28:50 PM
 #114

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

That's true, this potential has the capability to influence change but cannot be changed by fiat economy, bitcoin is built on a network protocols that supercede local currencies and the value created with this digital currency is extraordinarily superb such that it does not deminish with time, bitcoin has come and its staying for live, this is the only currency that has succeeded after the introduction of fiat and make hold.

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August 27, 2022, 11:19:59 PM
 #115

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.
Thanks to government regulations, they can complicate things, and can prohibit access to bitcoin much more, and since they have access to deny certain dns, is there another way to use btc outside of the usual? Electricity and internet?
There is something that has caught my attention is if through Bitcoin we could use it without the need for internet, there are many projects that are being developed but none have managed to become effective, I would like us to be able to use bitcoin just by making a call or an sms, this can be offered maybe using satellite technology if it adapts, this is one of the things that could be in the jobs that we need.

The researchers who have taken this initiative into account have not been able to develop something that really solves them, if it is with gdata transfer through packages it should not be so difficult, I think that the difficult part is the mining part, perhaps with the energy clean you can have better results right?

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Yamifoud
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August 27, 2022, 11:44:47 PM
 #116

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

That's true, this potential has the capability to influence change but cannot be changed by fiat economy, bitcoin is built on a network protocols that supercede local currencies and the value created with this digital currency is extraordinarily superb such that it does not deminish with time, bitcoin has come and its staying for live, this is the only currency that has succeeded after the introduction of fiat and make hold.
And it was an amazing creation built for something good and beneficial to everyone who adopt this. I actually do not see this replacing fiat/local currency in the future but as we adopt into more online transactions, the use of Bitcoin will surely increase and be used by most individuals. Many people believe this new technology had something to do with us in the future and that is why they support this and make this a reason why it is still alive despite major attacks and banning from developing countries.
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August 28, 2022, 03:30:42 AM
 #117

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?

I think that in the future it is deemed necessary for every country to be able to adopt a digital currency such as bitcoin, because I consider that this digital currency (Bitcoin) is an alternative payment instrument that is very easy to use for some entrepreneurs in paying salaries, and also easy to use. transact projects in different countries,
Although the Government still views Bitcoin as an anti-legal currency and an illegal currency, in fact, citizens still use Bitcoin.

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August 28, 2022, 12:49:17 PM
 #118

Bitcoin usage will continue to increase as we start to put more pressure on the current financial system. We are definitely headed towards a future that is very different than the one we live in today. Bitcoin adoption will not end in 2022, but its adoption will gain momentum in the years to come. The Bitcoin blockchain, and the technology of the crypto-economy, will continue to mature and evolve, and this will impact the way we interact with the "digital" economy in the future. As a result, the increased Bitcoin adoption in a traditional environment will help to pave the way for future adoption in new and innovative ways.



I see the full/mass adoption of Bitcoin eminent. If we had the opportunity to return to this world many years later, we might not recognise where we left it; it would be surprising and amazing to witness that minor stuffs such as writing pen would be paid for with Bitcoin.
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August 28, 2022, 01:54:46 PM
 #119

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.
Thanks to government regulations, they can complicate things, and can prohibit access to bitcoin much more, and since they have access to deny certain dns, is there another way to use btc outside of the usual? Electricity and internet?
There is something that has caught my attention is if through Bitcoin we could use it without the need for internet, there are many projects that are being developed but none have managed to become effective, I would like us to be able to use bitcoin just by making a call or an sms, this can be offered maybe using satellite technology if it adapts, this is one of the things that could be in the jobs that we need.

The researchers who have taken this initiative into account have not been able to develop something that really solves them, if it is with gdata transfer through packages it should not be so difficult, I think that the difficult part is the mining part, perhaps with the energy clean you can have better results right?

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August 30, 2022, 07:15:33 AM
 #120

I think that in the future it is deemed necessary for every country to be able to adopt a digital currency such as bitcoin, because I consider that this digital currency (Bitcoin) is an alternative payment instrument that is very easy to use for some entrepreneurs in paying salaries, and also easy to use. transact projects in different countries,
Although the Government still views Bitcoin as an anti-legal currency and an illegal currency, in fact, citizens still use Bitcoin.
And this is one of the developments that must occur, every country should be able to develop to be able to adopt this digital money, more precisely Cryptocurrency (Bitcoin), with this many people will be able to use it as a means of payment, especially for an entrepreneur and they are also engaged in this Cryptocurrency field too.

And I think for some governments or countries that still don't legalize Cryptocurrency or they still think that this is illegal digital money, they should understand this Cryptocurrency first and it seems that many countries will legalize this Cryptocurrency. And this will really help people who do have Crypto assets, of course, both in transactions and wanting to interact with other Crypto Asset holders.
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