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Author Topic: What will be the impact of this news on Bitcoin adoption ?  (Read 442 times)
krishnaverma (OP)
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July 26, 2023, 02:48:14 PM
 #1

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
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July 26, 2023, 02:58:46 PM
 #2

Not something that will make bitcoin suddenly mega-bullish as an asset in an instant, but it's great news nonetheless — baby steps; even if Lightning is still a slippery slope in terms of actual adoption.

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July 26, 2023, 03:05:22 PM
 #3

Lightning Network advocates should be happy with this news. The article mentions about Satimoto not compromising customer's personal data but I'm skeptical on that since EU seems to be pushing really hard for stricter crypto regulation. The company can say what they want to sell this but they will still follow the authorities.

R


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July 26, 2023, 03:13:57 PM
 #4

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Don't expect any huge since for now this is just another good news but it will not bring any huge impact if we talk about global adoption. Yes this could create some changes but its just for temporary pump only and what I think could bring big impact in terms of adoption is the US will announce thay they adopt and make bitcoin as their legal tender. For sure with this we can see bitcoin will be globally adopted even in small merchants on our places.

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July 26, 2023, 03:15:57 PM
 #5

The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

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July 26, 2023, 03:18:52 PM
 #6

This will be a good step obviously on Bitcoin adoption and other sectors can implement Bitcoin payment method by observing their success. Every successful story builds up on small starting. Now Bitcoin users will be able to use their Bitcoin directly as a payment method.
If they are going to use lightening network as a payment method of Bitcoin that will be great which will ensure fastest transections with a very small fees. But usual transections aren't much suitable for little payments as it will cost higher fees. So I really appreciate this initiative. But this news will not impact huge in Bitcoin Adoption because we need Bitcoin as a legal tender in most of the countries which will be the biggest achievement and obviously mass adoption will occur.
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July 26, 2023, 03:20:11 PM
 #7

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
Great news fir the cryptocurrency industry but I don't think this news will suddenly increase the adoption  of bitcoin  and in time past, we've heard of news of a full country accepting bitcoin as a legal tender and bitcoin  wasn't even bullish about the whole incidence and I don't think this very news  will also make bitcoin  suddenly bullish.

Nevertheless, I think this is a welcome development  and a great news for the entire bitcoin industry since Europe is already very big and I look forward  to seeing more of this especially  in Africa.

R


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July 26, 2023, 03:21:36 PM
 #8

Just a short term approach...meaning it's not sustainable especially since Bitcoin can't be "regulated" by nations.  Bitcoin use is only sustainable on mobile/nomadic businesses that are independent of existing centralized fiat systems, other contrary approach are short-term.  You don't dare compete with Ceaser You either surrounder to him and have his face on Bitcoin or you remain a fugitive, wanderer, nomad, etc.
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July 26, 2023, 03:33:12 PM
 #9

...
We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

Could you give me an example? Are you waiting for US adoption, and the rest of the world will imitate them accepting bitcoin as a worldwide legal tender? Everything takes time, we cannot expect bitcoin adoption to be quick, and even if the US accepts it as a legal tender.  i also doubt that won't happen because not all countries follow the US arrangement. I don't like things going too fast, I prefer slow and steady rather than fast and then crash.

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July 26, 2023, 03:38:03 PM
 #10

This is a good news I love to hear, I believe many bitcoiners in this country will like to encourage this company by buy oil and other items from them to make them happy for the good decision they took to make such a thing to work in their environment. I guess the first country that adopted BTC as a legal tender will be very happy for this new moved because, many governments are coming to El Salvador to seek for directions on how to make BTC legal tender in their countries so that they will not regret with their decision. This new development will surely make many German people to do everything possible to acquire the knowledge of BTC, so that they will be part of the benefits that attached to BTC in the country.

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July 26, 2023, 03:43:02 PM
 #11

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
What that makes this more interesting to read is that it shows how lightning network can help. I see this as a means of how bitcoin lightning network adoption is increasing.

Specifically, German start-up Satimoto currently has around 60,000 EV charge points that accept non-custodial and pseudonymous charging and payment through the Lightning network in multiple European countries, as the company stated on Twitter while sharing a part of its recent (not yet published) map on July 26.

But this type of news may not just cause increase in bitcoin price, but as the adoption goes on, expect more positivity and increase in bitcoin price.

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July 26, 2023, 03:48:49 PM
Merited by fillippone (1)
 #12

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

this is pretty good news, where bitcoin has started to be accepted in several places. while this may not have a significant impact on bitcoin, it is a great first step towards making bitcoin usable for more use cases and it is possible that bitcoin adoption will increase further in Europe and globally.

let's hope the startup's move to accept Bitcoin as payment on their platform doesn't get thwarted by local authorities, as bitcoin is still fairly new to being used to pay car charging bills.

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July 26, 2023, 04:19:13 PM
 #13

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now Bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This approval is long overdue and for stores that are not currently accepting Bitcoin,  if the country has a cryptocurrency regulation and approved its acceptance under guidance and regulations to checkmate the transaction and with that in place,  we must be assured that all cryptocurrencies related payment are all done under strict adherence to the regulatory frameworks that approves its acceptance within the region.


Any store that is found around source and enabling environment that enable and allows cryptocurrencies as a form of payment and refused to take advantage of the wide range of advantages that surround Bitcoin as a payment method and as an asset which will serve a double purpose for the store if the market moves in their favour while holding a large sum of the capital in Bitcoin as results of many sell and payments using Bitcoin,  this could increase the total amount of the DCA value of source bitcoin holding at that moment.

R


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July 26, 2023, 04:35:48 PM
 #14

Slowly but surely, that's the plan. These are the events that will push more and more people to accept Bitcoin in the future. There's a local saying that goes something like this - The faster you grow, the faster you fall. I guess if you think of it like that, then Bitcoin is doing the opposite and this will be the key to its success. Currently, this news won't have that much of an impact. It will be a part of market sentiment. It is not that big of news to make it a trend or a cycle to start a bullish market. There are lots of negative news going on recently and as far as I can tell, this particular news will fade away soon. I didn't even know about this until I came across this post. So as I said, it won't make that much of an impact. But these small positive events could really help Bitcoin to grow in the long run.
Bitcoin took over a decade to come to this point. So it will take some more time to be accepted worldwide. Or it could happen in an instant if somehow a piece of news could change people's perspective about Bitcoin and everyone will be willing to accept it. Let's not think much about it. Just sit back, and watch while HODLing BTC in your bags. Cheers.
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July 26, 2023, 04:42:39 PM
 #15

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

There’s a disclaimer on the introduction of the article that most of that 60K EV station will be on experimental phase which means it’s still not official. This news is really good in general since people will have an option to use Bitcoin but also this guarantee that gonna give huge impact since this 60K EV only add Bitcoin as option for the currency meaning there’s still a lot of currency that can be used aside from Bitcoin.

This is massive if customers that will use Bitcoin will have a discount which other currencies don't have to push people to use Bitcoin due to this exclusive benefits.

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July 26, 2023, 04:48:44 PM
 #16

This news will make bitcoin gain more ground in the world. As other countries might want to follow their footstep. However,this wouldn't add anything to bitcoin price because not everyone can afford to buy EVs but it will help to add an impact on bitcoin price in the long run.

I see that the Europeans are making bitcoin adoption to increase so that they can benefit from regulating bitcoin. The use of LN is a great decision as it will help to fasten transactions. US will be the next and let's watch and see the outcome on ETF. The adoption of bitcoin as a legal tender might take a very long time because there is still fear in most government to allow this happen.

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July 26, 2023, 05:05:53 PM
 #17

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.

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July 26, 2023, 06:00:28 PM
 #18

...
We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

Could you give me an example? Are you waiting for US adoption, and the rest of the world will imitate them accepting bitcoin as a worldwide legal tender?

We all know that US adoption will go a long way in the adoption of bitcoin, and at the same time there adoption could not be anything such of massive compare to when other big countries adopt its use as legal tender. As you have stated, not all countries are in good terms with the US and will not want to follow suit or accept the idea of adoption if the US does so. Bitcoin is decentralised and does not have preference of people who use it, but because everything nowadays is political, we may still encounter some obstacles in the global adoption of bitcoin. Having said that, this does not mean that bitcoin will cease pushing its adoption on its own, as it is already doing.

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July 26, 2023, 06:37:42 PM
 #19

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
A great news for bitcoiners and the crypto community and I hope it can help drive the mass adoption of Bitcoin. Honestly, lightning network is one beautiful thing that happened to Bitcoin network and many businesses are having it integrated into their platforms because of its immense benefits. It is also interesting to know that the number of electric vehicle points increased from 24,227 EV points to 60,000 EV across Europe within a space of 7 months which is huge. Though, some of it is still in experimental stage but it is still a great achievement by Satimoto.
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July 26, 2023, 06:45:40 PM
 #20

News about adoption is always good.  It is another step for further adoption.  I believe this adoption if resulted in a success will make other company to adopt and integrate Bitcoin into their payment system.  Hopefully, the rare incidents of tx fee skyrocketing will not affect this adoption negatively.

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.

I believe it is still a move to push Bitcoin forward.  Regardless of any apps that converts Bitcoin to cash, it is always good to know merchants that accept Bitcoin since this means that there will be more places that we can pay with Bitcoin.

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July 26, 2023, 06:50:59 PM
 #21

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Currently, the news is used as a pump dump reason for the bitcoin price. Bitcoin usually pumps on positive news and dumps on negative news. However, this should change when the adoption increases and bitcoins are more distrusted, and whale control will be minimized.

Till the time the bitcoin is globally adopted, the news is a media where people can be informed about bitcoin. Awareness about Bitcoin needs to be spread and the news is one of the best mediums for this. Positive bitcoin news will encourage people to invest in bitcoin while negative news will discourage people to stay out of this market.

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July 26, 2023, 07:05:03 PM
 #22

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
When I saw the thread, and for me to authenticate the information, I made some finding and see that the news might be legit. Bitcoin adoption in the world is a gradual process by countries, if European Stations adopt bitcoin in their daily business activities then it is a very good news to others. Other countries private companies will also test the ecosystem in their businesses.
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July 26, 2023, 07:19:50 PM
 #23

The adoption of bitcoin in Europe has now become quite widespread with the bitcoin payment method in the Lightning Network.

Any news of its adoption is positive for the wide spread of bitcoin in any transaction, but I would not expect this to have any impact on the price, there is absolutely no influence in its price movement, still bitcoin always has time to pump into a bullish, we wait a few more years.
I think the Lightning Network will be wider because of the Lightning transaction speed is easy in any payment in a company they are for its payment options.

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July 26, 2023, 07:27:15 PM
 #24

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Don't expect any huge since for now this is just another good news but it will not bring any huge impact if we talk about global adoption. Yes this could create some changes but its just for temporary pump only and what I think could bring big impact in terms of adoption is the US will announce thay they adopt and make bitcoin as their legal tender. For sure with this we can see bitcoin will be globally adopted even in small merchants on our places.

I agree with you, if we look at most of the controversies, they occur with the great powers that are reluctant to legalize bitcoin, the only one that has not taken such drastic measures and that little by little is accepting it is Russia, and yet the majority Of the nations in the world are very much carried away by the actions committed mainly by China and the United States, these are the ones that are always in their sights and who are taken as an example to follow thanks to the economy they maintain, so at the same time Like you, I have the intuition that when they decide to change their minds regarding this asset, the adoption will be very different, because thanks to the influence that these countries emit, they will generate trust and many will follow them in this decision, changing the perspective they have on this asset, meanwhile said adoption will be slow and will take time, The important thing is that even if it is not achieved quickly, it will still increase at any time.
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July 26, 2023, 08:47:44 PM
 #25

The adoption of bitcoin in Europe has now become quite widespread with the bitcoin payment method in the Lightning Network.

Any news of its adoption is positive for the wide spread of bitcoin in any transaction, but I would not expect this to have any impact on the price, there is absolutely no influence in its price movement, still bitcoin always has time to pump into a bullish, we wait a few more years.
I think the Lightning Network will be wider because of the Lightning transaction speed is easy in any payment in a company they are for its payment options.

It may have no great impact in the current price of the bitcoin in the market, but if we will see more adoption, the better, right?
Because this will create a domino effect. Not only these EV stations will accept payment, but other merchants will follow this initiative.
And if you will see the EV map in Europe, it is already widespread. So expect that some convenience stores will also add btc in their payment system.
Remember, the more demand, with fixed supply. We know what will happen eventually. So if it is not creating impact in the current market, it will be significant sooner or later.

If you will look at this map, definitely, it will add some numbers in the number of crypto users, if some of them are not yet into crypto.


https://satimoto.substack.com/p/map-updates-08122022
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July 26, 2023, 08:53:26 PM
 #26

Certainly, it is undeniably positive news; however, it appears that the market's immediate response has been rather subdued. Nevertheless, this marks a significant milestone in Bitcoin adoption, potentially leading to a greater awareness of Bitcoin among the masses, which could pique the interest of many individuals looking to invest. As a result, we may witness a gradual expansion of the Bitcoin market.

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July 26, 2023, 09:17:38 PM
 #27

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
That is good news for Bitcoin and it will probably have a good impact on the price of Bitcoin as well, as it will immediately move most people in parts of Europe to buy Bitcoin upon seeing that. But I still think that those who already know about Bitcoin and also have instilled greater affection for Bitcoin, they will not want to just trade Bitcoin for anything. Acceptance of it can have a good effect on Bitcoin, but it will probably only be done by those who do not like to keep Bitcoin long term, so they can just use Bitcoin to pay for other things at any time they want.

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July 26, 2023, 09:51:34 PM
 #28

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

This is great news! It's great publicity for Bitcoin but most likely not a game-changer. Unlike FUD, such news have no or minimal effect on Bitcoin price, unfortunately. We need something more significant, like an Elon Musk tweet or "China unbans Bitcoin" kind of news.  Grin
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July 26, 2023, 09:53:36 PM
 #29

Not something that will make bitcoin suddenly mega-bullish as an asset in an instant, but it's great news nonetheless — baby steps; even if Lightning is still a slippery slope in terms of actual adoption.
True. A lot of big news like this in the past, but it doesn’t create an immediate and long lasting effect in bitcoin, but if this is for real, then it’s actually a great news for bitcoin adoption. But we cannot expect for bitcoin to go into a sudden bullish price since the right time is yet to come.
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July 26, 2023, 10:50:28 PM
 #30

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

It's a welcome development for Lightening Network, as they are promoting network usage by integrating it into their payment application.
This can't actually cause a bullish market entirely as the company are still growing and don't have enough amount of users who can increase the demand of Bitcoin over time. This is just some good news in the aspect of seeing some growing organization embracing the Bitcoin technology. 

R


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July 26, 2023, 11:05:27 PM
 #31

You have brought great news to the community but I don't think this news will have a positive impact on the bitcoin price or the market. But as many have said, through this news, it can be seen that bitcoin acceptance is becoming more and more widespread, and soon the whole world will accept bitcoin. This news will have a positive long-term impact on bitcoin. I don't know if other countries will do the same as European countries, but if this news comes from the US or China, we will have a much better outcome.

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July 26, 2023, 11:06:25 PM
 #32

That's good, another addition to the demand for Bitcoin but the effect of it won't be big as those of institutional adoption news. It's like going to be an adoption that doesn't have much impact for now because that's what people are looking up to. Everyone wants a quick glance at its impact upon sharing as news. But apart from that, we shall see the demand for it through the actual impact that it makes on the market by looking at its price. Maybe we'll wholly see the entire effect of it on the bull run and not this time but we have to see news like this at most times so that everyone is going to be set that there are a lot of fundamentals that are happening that causes more adoption to the market.

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July 26, 2023, 11:59:59 PM
 #33

This is a good move by the Europe government and the company in charge of the 60000 EV charging points across Europe. Although, this is a good move toward Bitcoin and a lot of Bitcoiner will be happy about it but this doesn't mean more countries will follow the step now.In my opinion, I believe the company that make the decision do it now so they could accumulate Bitcoin to maximize their chance before Bitcoin ETF was accepted.

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July 28, 2023, 10:06:10 AM
 #34

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.
This is serious. Which means the impact can even be less than zero. They make people that have bitcoin to pay with bitcoin, but the app which makes it possible is converting the bitcoin to fiat. If there is more bitcoin sales, the price would be reducing. Or would this not lead to what that I am thinking?

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July 28, 2023, 11:38:46 AM
 #35

Any kind of adoption is really great news, no matter if even a small business accepts bitcoin, as this is part of Bitcoin progress, but the impact is just the same as if not the whole population of the country uses EV, meaning only a few people will use EV and are not sure if they will pay via bitcoin, as for sure there are other payment methods on those stations like CC and etc., but still there will be other people that will pay via bitcoin.
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July 28, 2023, 05:24:19 PM
 #36

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.
This is serious. Which means the impact can even be less than zero. They make people that have bitcoin to pay with bitcoin, but the app which makes it possible is converting the bitcoin to fiat. If there is more bitcoin sales, the price would be reducing. Or would this not lead to what that I am thinking?

Of course, it can go that way but then it would mean that even sig campaign here on the forum has a negative impact right?
If everybody is selling their earned coins and not stashing them then there is a negative on the price.

Anyhow, cold shower time guys, stop looking at those 60 000 and more at this:
https://play.google.com/store/apps/details?id=com.satimoto


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July 28, 2023, 10:24:31 PM
 #37

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.
This is serious. Which means the impact can even be less than zero. They make people that have bitcoin to pay with bitcoin, but the app which makes it possible is converting the bitcoin to fiat. If there is more bitcoin sales, the price would be reducing. Or would this not lead to what that I am thinking?

Of course, it can go that way but then it would mean that even sig campaign here on the forum has a negative impact right?
If everybody is selling their earned coins and not stashing them then there is a negative on the price.

Anyhow, cold shower time guys, stop looking at those 60 000 and more at this:
https://play.google.com/store/apps/details?id=com.satimoto



At least the number had it head start.  100+ downloads today can stay 100+ downloads tomorrow but with the proper marketing and advertisement, it will soon grow.  Either way, I still believe Bitcoin will benefit from this marketing and advertisement.  Since the company wanted to take a profit, it will do its best to promote its plans of Bitcoin being a mode of payment.  It is where they can earn their profit so I bet this company will do its best.
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July 28, 2023, 10:38:36 PM
 #38

This is a good move by the Europe government and the company in charge of the 60000 EV charging points across Europe. Although, this is a good move toward Bitcoin and a lot of Bitcoiner will be happy about it but this doesn't mean more countries will follow the step now.In my opinion, I believe the company that make the decision do it now so they could accumulate Bitcoin to maximize their chance before Bitcoin ETF was accepted.
^This was also what I believed.
As more positive examples of cryptocurrency integration emerge, it may help shift perceptions and foster a broader acceptance of digital currencies as a legitimate and viable form of payment especially in BTC.
While the decision to accept Bitcoin at EV charging stations in Europe is good news and is commendable and suits the interests of BTC enthusiasts, there could be a combination of factors behind it, including strategic considerations for BTC accumulation.
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July 28, 2023, 10:39:25 PM
 #39

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
Any news that would pertain about adoption and application of Bitcoin payment would be always that positive or something that we could really be able to say that it would really be always that good to look at. We do really need something like this but of course since these payments are still that going with some payment processor which we know that they would be still that regulated then its not really something new but still it would really be still a good additional in terms of recognition and application in towards its utility. It would really be that bullish but if we do speak about impact on the market?Not really that much relevant as this market would really be that depending on several factors on which it would really be affecting or not even with these adoption moments.
This is why its never been always that effective on making up some buy positions when you are basing up with these fundamentals but actually its not really that a bad call after all.
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July 29, 2023, 02:27:53 AM
 #40

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
Sure, I felt that too, but the impact is not instant, still needs a lot of time to affect to national economy country. because not all citizens and people use Bitcoin daily, and some of them even do not know at all thing about Bitcoin. So that situation, the government must create the law and useful information to convey to citizens, It's useless and can not implement perfectly when not on target. For example in my country, Bitcoin is official as a legal asset, but when I ask random people, they don't even know what Bitcoin is.
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July 29, 2023, 02:49:04 AM
 #41

-snip-
 For example in my country, Bitcoin is official as a legal asset, but when I ask random people, they don't even know what Bitcoin is.


Everything takes time, you can't ask that once the government is legal, people will know and use it immediately. Bitcoin is legal in your country but after all, it is just an asset, an investment, so it is not surprising that many people are not interested in it. Like stocks, it's been legalized for hundreds of years, but people who aren't interested in investing won't know what it is. Bitcoin too, don't expect everyone to need it. It will only be an option even if it is an asset or becomes a currency.

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July 29, 2023, 02:55:30 AM
 #42

Really positive news, it is interesting to note that the payment at the electric car charging stations will be via the Bitcoin Lightning Network, this helps the Lightning Network to grow even more.

But in general, it is still in the experimental stage, and the company apparently is not one of the large companies in Europe, so I do not expect this news to have the great impact that you expect. We also do not know the position of the European Union on this step. Will they obtain the required approvals or will there be restrictions on this? Experience?

But I expect in the long term, with the start of practical application and the spread of this experience more, it will lead to more positive results.

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July 29, 2023, 05:13:03 AM
 #43

-snip-
The Lightning network for Bitcoin payments is one of the best for fast and cheap payment efficiency and with a small nominal.
The Lightning Network still a small number of developers and needs support from several large companies to be able to make the Lightning Network an alternative network specifically for retail payments, and that will have a huge impact.

While charging Electric Cars using Bitcoin lightning is an experimental stage, it will be a first step.
We know who the CEO of the biggest electric car manufacturer is at the moment, of course, there will be a lot of support in the future.

Regarding regulations from the government and some of the applications of taxes, of course, this will be a review.
It requires research so that the project can be done properly to lead to a more revolutionary future with Bitcoin.
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July 29, 2023, 12:24:52 PM
 #44

Positive news such as increased institutional interest, adoption by major companies, or favorable regulatory developments could potentially lead to greater Bitcoin adoption as more people see it as a viable investment or payment option.

On the other hand, negative news, such as security breaches, regulatory crackdowns, or concerns about the technology's environmental impact, may slow down adoption or lead to temporary price fluctuations as investors and businesses become more cautious.

To understand the impact of specific news events on Bitcoin adoption, it's best to refer to up-to-date sources and analysis from financial experts and reputable news outlets. Keep in mind that the cryptocurrency market can be highly volatile and influenced by various factors, so predictions about its adoption should be taken with caution.
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July 29, 2023, 12:44:58 PM
 #45

The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become.

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July 29, 2023, 12:58:49 PM
 #46

The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
After reading op suggestions and i believe that will bring development and more awareness to Bitcoin, if bitcoin can be accepted in this kind of projects or thing but i believe that adoption of bitcoins can be known or take place through influence company that adopt it, when good recommendation come to Bitcoin the recommendation influence will make another people or company adopt Bitcoin for the second, already when i started my gas station with bitcoin payment many people was in good terms with the payment but later people have started turning much serious and with that another person will try to follow my step and Bitcoin adoption will also increase

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July 29, 2023, 01:34:04 PM
 #47

The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....
No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become.

It's really extraordinary because progress is a progress when it comes to adoption of Bitcoin. This is actually a good news to Bitcoin because imagine Bitcoin back then existing but are not yet acknowledged by people or use to everyday life. People love Bitcoin as you could use it anonymously and the fact that it is decentralized. And the fact that most of the country are slowly adopting Bitcoin as they legalized it. But for sure some of them banned it for their own reasons maybe it could affect their economy as they lost power to control currencies.

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July 29, 2023, 01:51:07 PM
 #48

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This, in my opinion, would be a positive impact on Bitcoin because it would increase its visibility. Many individuals throughout the world are familiar with Bitcoin but have no idea what it is. So this type of news is extremely beneficial to Bitcoin. I feel that Bitcoin adoption is the key to the price reaching a new high. If the moment comes when the majority of the world's establishments accept Bitcoin, it is very likely that it will reach $100,000. For the time being, all we can do is teach Bitcoin to our families and friends who are interested.

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July 29, 2023, 02:11:12 PM
 #49

Bitcoin is used to pay even though its rather slow. I wonder why they don't use other coins just as decentralised as Bitcoin.
Litecoin for once is fast, fast enough to pay with it.

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July 29, 2023, 02:25:24 PM
 #50

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This, in my opinion, would be a positive impact on Bitcoin because it would increase its visibility. Many individuals throughout the world are familiar with Bitcoin but have no idea what it is. So this type of news is extremely beneficial to Bitcoin. I feel that Bitcoin adoption is the key to the price reaching a new high. If the moment comes when the majority of the world's establishments accept Bitcoin, it is very likely that it will reach $100,000. For the time being, all we can do is teach Bitcoin to our families and friends who are interested.

Your feeling is not wrong, the mass adoption of bitcoin plays an important role in helping the price of bitcoin go higher in the future because once the demand increases and the supply is limited, it will be very good for the value of bitcoin. But if you're waiting for bitcoin to hit $100,000, you don't have to wait too long. I mean, you don't have to wait for all the institutions and businesses in the world to accept bitcoin, you just have to wait until the next halving, and with current demand that is more than enough to take bitcoin to $100k.

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July 29, 2023, 02:31:35 PM
 #51

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
it eventually grabs attention but it doesn't mean that we can see the effect instantly. If the situation went well, that something will help to create hype and adoption demand but until it was not fully implemented yet, less impact is still what we saw. However, it was a good indication that some big companies are on the look out for making Bitcoin as another payment option which could also encourage other companies to do the same. Perhaps, it was a common instinct that we just follow when someone does first and succeed.

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July 29, 2023, 02:44:39 PM
 #52

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
I had never rode an electronic vehicle before, but are these universal to any EV manufacturers out there like it also allows Tesla users/drivers to pay using Bitcoin? Not surprised if Elon would even write something about it considering that he is CEO of Tesla.

Considering how expensive EVs are, it surely will increase adoption but I won't expect too much that it is going to be another news that will blow up. Here in my country, I barely see any EV users except for Electronic Bikes, I guess? Maybe around the metropolitan area here would be, but not so much to the point that it is common like gasoline stations.

it eventually grabs attention but it doesn't mean that we can see the effect instantly. If the situation went well, that something will help to create hype and adoption demand but until it was not fully implemented yet, less impact is still what we saw. However, it was a good indication that some big companies are on the look out for making Bitcoin as another payment option which could also encourage other companies to do the same. Perhaps, it was a common instinct that we just follow when someone does first and succeed.
Highly doubt that there would be hypes around this. Just like another those signs you can see that "Now accepting Mastercard payments", it's not like everyone would use credit card at that point and that's why I tend to not expect these too much adoption.

Just being realistic not negative.
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July 29, 2023, 05:38:40 PM
 #53

Any kind of adoption is really great news, no matter if even a small business accepts bitcoin, as this is part of Bitcoin progress, but the impact is just the same as if not the whole population of the country uses EV, meaning only a few people will use EV and are not sure if they will pay via bitcoin, as for sure there are other payment methods on those stations like CC and etc., but still there will be other people that will pay via bitcoin.
Let's see how this will go, we need to see people use it first, and I mean they are not accepting it all together neither, so as long as it reaches to that number and people start using it, that would be great.

However, we should also remember that bitcoin is limited, which means that as long as we see these type of things we need to remember one thing; which is the fact that we are going to end up with a single source getting all our coins. In this case, the EV owner whoever that is, and that means the more people use it, the more bitcoin they will have and that means instead of bunch of us selling or buying, it will be a single person selling it all, and that will definitely cause a lot of trouble without a doubt.

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July 29, 2023, 08:11:11 PM
 #54

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
That could be great and will have a large impact soon in the market. They are starting to adopt bitcoin and started to get ready for halving. By these, we should accumulate as well so that we will not be FOMO. We need to follow this kind of news because maybe now it is not yet gaining so much attention but soon it will gradually increase market price.
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July 29, 2023, 08:44:39 PM
 #55

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place.

In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish   seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on.

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July 29, 2023, 09:23:56 PM
 #56

That could be great and will have a large impact soon in the market. They are starting to adopt bitcoin and started to get ready for halving. By these, we should accumulate as well so that we will not be FOMO. We need to follow this kind of news because maybe now it is not yet gaining so much attention but soon it will gradually increase market price.
I would like to agree with your option that these kinds of news or steps definitely impact on market but not that kind of huge impact. But yes it will gradually bring a positive response in future.
To understand why this would not have such a big impact, we need only follow up on the various previous such steps , Which was taken by many big companies. I would not say that they did not leave any positive impact on the market, but their impacts were short-lived. So I think this is a case like any other common case. But The News was great. The reason I am saying these words is that any new traders should not face losses while trading based on these news.

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July 29, 2023, 10:52:13 PM
 #57

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place.

In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish   seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on.
Market to turn bullish out of the news won't be happening around. For now this is a news that could make big impact on the market in the long term. Now only the automobile industry is moving towards the electric vehicle sector. It takes time for the increased usage all around and then it also takes time for people to get used to cryptocurrencies and use it for payment. What is being availed by the company around the charging stations were really good and a needed one for the future progress.

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July 30, 2023, 03:44:56 AM
 #58

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.
This is great news. But let’s see how sustainable this news is. Because let’s just accept the reality that everything starts with big and surprising news story but we can’t tell as to how long the effect takes place.

In terms of bitcoin adoption, I think this is a good start. But still, we cannot expect for its price to be instant bullish   seeing a lot of breaking news are only good at the beginning but eventually has lost its essence later on.

With this news, we shouldn't expect it to create an immediate bull run or trigger a strong bull run. I mean, if we are speculating this is not the kind of news that we can take advantage of for profit, but if we are supporting the bitcoin revolution, we should be happy about this. Because from the early days bitcoin was suspected and hated but now things are changing for the better. Countries, organizations, businesses are gradually becoming bitcoin-friendly. This shows that the revolution named bitcoin is going smoothly and beyond expectations. As I said, I don't see any positive movement for bitcoin with this news, but in the long run, I believe it will have a positive impact on institutional and country adoption of bitcoin.

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August 18, 2023, 01:55:15 PM
 #59

No need to rush, let Bitcoin adoption take its course. Haven't we reached this point, showing extraordinary progress? I call it extraordinary, of course this doesn't seem like other assets can do it. Imagine an anonymous Bitcoin creator but the results are so trusted by many people, institutions, large companies and even countries that have started to open up to the existence of Bitcoin. This is what I call the ordinary, letting people realize how important Bitcoin is in the future it will gradually become.
It is because the anonymous Bitcoin creator has created something that solves lot of problems. He found a gap in market and made the best possible solution for this.
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August 18, 2023, 05:09:17 PM
 #60

Not something that will make bitcoin suddenly mega-bullish as an asset in an instant, but it's great news nonetheless — baby steps; even if Lightning is still a slippery slope in terms of actual adoption.
I agree with you, every small step, every small adoption, is more than welcome! All these small steps don't make a big difference in the short period but they will in the long run, and someday even very big companies will be open to accept bitcoin, and that will be the game changer.

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