The crypto market has changed and I think its a sign of mass adoption

[JeffBrad12]

I'm seeing a number of spikes in terms of addresses on that chart that don't actually reflect on the price. It's not just the spike during the $15,000 bottom last year. There's also that spike of the number of addresses in the second half of 2016, but the price didn't move accordingly. There's also another one in 2022. And then another in 2023. So I don't think there's really a solid basis to conclude that a spike in addresses means a growth in price. At the end of the day, a new address doesn't equate to a new user.

thats true, quite literally everytime there's exchange user just registered they will be assigned an address too but thats only very small portion of the addresses generated.
most of the time I think its coming from the autogenerated address by various platform that always try to use unique address that hasn't ever used before by generating an address instead of using existing ones.
definitely has no correlation towards the price, the address generated could be 1 million a day, but the price can stay the same.
there's so far no clear indication that anything have something to do with the value other than the demand itself.

[sana54210]

Crypto is no longer just a niche topic for tech enthusiasts; it is now something that is being talked about by people from all walks of life. The progress that has been made in recent years is remarkable, and I believe that crypto mass adoption is inevitable. I am excited about the potential for crypto to democratize finance and create new opportunities for people all over the world, making it a more equitable and prosperous place.

It just now when people had already appreciated the movement of the market and its huge profit. The more it talks on social media and those people who have shown their wealth upon investing in Bitcoin, the more it drags attention and courage. But for me, it was not what we called adaption because people's interest is not about accumulating and using this as a currency but solely for investment purposes.
We can see huge demand as the corrections start and they soon be selling off their coins to make a profit and so the dumps started again.

That is a risk but we need to accept everyone as the yare, as long as they get into crypto. I do not care if a person uses it like money, as in currency, or use it to store value, or use it for investment, or use it to trade. None of this matters to me, as long as people are using bitcoin one way or another, I find that as a good thing for the crypto world and should be as good as it gets. I get that it may not be all that simple, and maybe we will end up with something that could change it for a while, but we should definitely get something easier done later on.

This could be something that will benefit everyone, but for that to happen we need to be able to get a greater return. So if the price goes up, then the adoption will increase, and I mean adoption as in everything I talked about, including investment. If that could go up, that would mean that we are going to end up with something that should benefit everyone equally and get them a chance to like bitcoin.

[South Park]

That is a risk but we need to accept everyone as the yare, as long as they get into crypto. I do not care if a person uses it like money, as in currency, or use it to store value, or use it for investment, or use it to trade. None of this matters to me, as long as people are using bitcoin one way or another, I find that as a good thing for the crypto world and should be as good as it gets. I get that it may not be all that simple, and maybe we will end up with something that could change it for a while, but we should definitely get something easier done later on.

This could be something that will benefit everyone, but for that to happen we need to be able to get a greater return. So if the price goes up, then the adoption will increase, and I mean adoption as in everything I talked about, including investment. If that could go up, that would mean that we are going to end up with something that should benefit everyone equally and get them a chance to like bitcoin.

I do not like to make that distinction either, people are either using bitcoin or not, whatever use they give to bitcoin is not my concern, what we need is for people to begin to use bitcoin in any way that benefits them, and if for some this take the form of an investment or as a trading vehicle that is fine, since once bitcoin reaches enough people and it is adopted by them the easier it will be for those people to make the transition and begin to use bitcoin on their daily routine.

[tygeade]

4-year cycle theory is not related to it being a historical event, but rather a clear variable in supply. Since we assume that demand increases continuously, it is this sharp decrease in supply that leads to a change in the price and the accompanying rises. If we consider that the bottom price will be the average Bitcoin mining costs. We will find that the bottom will be around $30,000, and the top could be 5 times that, which means that the new ATH will be $150,000, which is what many expect.
This means that the average price for the coming years is $60,000, and from here we see technical analyzes calculating Bitcoin price cycles based on four years or a historical cycle.

I do agree that it is going to be clear that people are going to invest based on the historical pattern, but also the main reason will always be the lack of supply to an ever increasing demand. We are in a world where bitcoin gets more and more popular every single day, it is just a fact, look at how many people ever own bitcoin 10 years ago, look at 9, look at 8 and so forth until today and you will see that there are less and less people who are not in the market.

This means that we need to arrange something that will benefit everyone on the long run and keep it going. This is why I believe that we need to arrange something that we can hold for as long as possible and the increases will definitely benefit us on the long run. This should be important because it manages our future and sure maybe the real reason why it is going up is not because of historical pattern, but they could think of it that way and we would definitely be getting a good result from it.

[jasonjm]

We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.

[CageMabok]

We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.

This is something that will very likely happen if institutional investors continue to be involved in the crypto space to make investments so that the impact will continue to spread to all of society. Maybe several developed countries and other large companies in the world have implemented payments in the form of Bitcoin and this will definitely have a quite good impact on Bitcoin because it could continue to spread to many companies and countries that have not yet legalized Bitcoin for payments. So over time it will probably continue to develop quite well.

[Unbunplease]

It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC

[Captain Corporate]

Even though I think there could always be people who are already involved with bitcoin that gets another address, I believe that wouldn't make a huge spike, how many people could start a new address on top of the one they have all at the same time to create a spike? They may still do it, but not in bulks all together like that, there isn't a reason for that. Which means that I do believe that there is a growing interest and considering everyone is talking about how the price will change, I think its clear that we are talking about something that will be actually coming true, because way too many people are putting up their money for the possibility of something like this. Its a good sign and we should be quite glad that they are doing this.

[shinratensei_]

Even though I think there could always be people who are already involved with bitcoin that gets another address, I believe that wouldn't make a huge spike, how many people could start a new address on top of the one they have all at the same time to create a spike? They may still do it, but not in bulks all together like that, there isn't a reason for that. Which means that I do believe that there is a growing interest and considering everyone is talking about how the price will change, I think its clear that we are talking about something that will be actually coming true, because way too many people are putting up their money for the possibility of something like this. Its a good sign and we should be quite glad that they are doing this.

well if there's no data regarding that then its all just speculation after all we could never know the ratio between real bitcoin investor and user and the address generated.
not to mention the fact that the old address can just be abandoned therefore it means there's no strong string that connects between the two.
I think its more valid to say when there's increase in user of exchange, then the adoption increases.
that will give more valid data based on even KYC therefore its not just some rough guess but there's proof behind the relation.

[TravelMug]

It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC

Yes, the likelihood that SEC will approved at least one bitcoin ETF is very high and it might coincide with the bull run that we all are expecting next year, at least after the block halving.

As far as the crypto market changing, yeah, it has grown tremendously, store of value, hedge, payment system, number 1 assets right now. So the future looks very bright although there could still be anti-bitcoin in the wild, but I don't think they have enough power to stop the bitcoin revolution.

I'm not sure how CBDC though will affect bitcoin, they are not even in competition. Although CBDC is obviously from the government, it will have no to less effect on bitcoin and any other crypto for that matter.

[justdimin]

We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.

This is something that will very likely happen if institutional investors continue to be involved in the crypto space to make investments so that the impact will continue to spread to all of society. Maybe several developed countries and other large companies in the world have implemented payments in the form of Bitcoin and this will definitely have a quite good impact on Bitcoin because it could continue to spread to many companies and countries that have not yet legalized Bitcoin for payments. So over time it will probably continue to develop quite well.

Yes, that is right; it is harder for them to get in compared to us, because we can buy some right now if we want to and there is nothing that can stop us, but it is harder for them since they are huge companies and buying it would require a lot of executive decision making and that means a lot of paper work so it takes time, it is not like CEO says " we are buying bitcoin" and 30 seconds later they have bitcoin, that is not how it happens, sometimes takes longer than a week for it to happen.

So all in all it is hard for them, but when they do get in, they get in a lot more and that makes it higher price without a doubt. I love it when during the bull run they end up with like billions from a single company going into bitcoin, makes it jump so high and not only the purchase itself makes the price go up but also the fact that they did it becomes a news and when it does become a news there are other retail investors who buy because of that as well making it go up even more.

[Tony116]

It is quite possible that the SEC will approve one of the bitcoin ETFs as early as January-February 2024. This could well be a catalyst for the growth of both bitcoin and altcoins. This event is in preparation for the upcoming bitcoin halving. So yes, the world is changing for the better, but there is always a chance that cryptocurrencies could be dealt an unexpected blow from the CBDC

Yes, the likelihood that SEC will approved at least one bitcoin ETF is very high and it might coincide with the bull run that we all are expecting next year, at least after the block halving.

As far as the crypto market changing, yeah, it has grown tremendously, store of value, hedge, payment system, number 1 assets right now. So the future looks very bright although there could still be anti-bitcoin in the wild, but I don't think they have enough power to stop the bitcoin revolution.

I'm not sure how CBDC though will affect bitcoin, they are not even in competition. Although CBDC is obviously from the government, it will have no to less effect on bitcoin and any other crypto for that matter.

There have been predictions that the SEC will approve ETFs before January 2024 and that's why some people predict things will be different this time, meaning the bull season will come before the halving, but I'm still doubt that. But if ETFs are approved after the halving then I believe we will have a super bull cycle.

The bitcoin revolution is inevitable, it is almost certain that governments will soon join us, but it is also inevitable that they will bring us more regulation.

CBDCs are just digital versions of fiat currencies, so there will be no significant differences that would harm or directly compete with bitcoin.

[Joshapat]

Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.

[Fara Chan]

Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.

Bitcoin adoption will probably continue to increase if there are not many Bitcoin haters who appear every year, because investors and traders who especially like Bitcoin will definitely continue to use Bitcoin to invest and trade so that new people will definitely see it. This is a trigger to adopt it in the future, especially if now there are several large companies that are starting to accept Bitcoin as payment so that the good effects will probably continue to be in Bitcoin in the future without having to wait three years.

[uswa56]

Adoption is the real thing that will make the use of bitcoin increasingly popular, without adoption then bitcoin will continue to be used for speculation, adoption is certainly not easy because there are still many who fight and hate cryptocurrencies, and we will see developments in the next 3 years whether adoption can be effective so as to increase the price more increasing.

Bitcoin adoption will probably continue to increase if there are not many Bitcoin haters who appear every year, because investors and traders who especially like Bitcoin will definitely continue to use Bitcoin to invest and trade so that new people will definitely see it. This is a trigger to adopt it in the future, especially if now there are several large companies that are starting to accept Bitcoin as payment so that the good effects will probably continue to be in Bitcoin in the future without having to wait three years.

Indeed if you look at the current development of Bitcoin, it is increasing, positive news and also several large companies that have accepted Bitcoin as a means of payment have made many people start to believe in and use Bitcoin, making it possible that in the future more and more people will adopt Bitcoin whether it is used or not. for investment, trading or even just saving to secure assets for the future.
The more positive things that are happening right now mean that the opportunity for significant changes to occur in the Crypto market in the future is increasingly wide open.

[dezoel]

We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.

The reason why adoption is increasing because human kind is always looking for ways that can earn them money, and they don't leave a single opportunity that they can use to earn some money even if they have to spend money from their pocket for that, and cryptocurrency trading is one of those opportunities for most people and we can obviously see how trending the topic has become, you will hear about Bitcoin and other cryptocurrencies everywhere unlike the times when no one even knew about them.

When we talk about the world and many countries legalizing Bitcoin and cryptocurrencies, I believe we are still very far away from that, because some countries and even some people will never be ready to accept the change, they will say that no matter what, they would still prefer the traditional ways of managing and keeping finances.

[Sophokles]

We can't say that there has been mass adoption of the crypto market, but people have been talking about crypto a lot lately, which is a potential sign of mass adoption. Adoption is increasing with every passing day because of increased awareness and the involvement of institutional investors, and the chances are that in the future, we will see countries legalizing a few cryptocurrencies. I think the World will slowly and gradually adopt cryptocurrency because of its volatility concern and regulatory issues.

We are far behind in mass adoption. Most people in the world don't understand how to secure their bitcoin or what private keys are. If they can not secure their bitcoins properly then how will they be able to use them as currencies? Mass adoption won't happen if we can not use bitcoin in our regular activities. There aren't too many bitcoin ATMs in the world so how will people use bitcoin for their daily expenses!

[Rupok]

This is 100% true and I agree that the recent mainstream adoption has fundamentally changed the entire cryptocurrency market landscape. Experienced investors are the top choice in cryptocurrency to invest in Bitcoin, but those who are new to cryptocurrency invest in Shitcoin more and try to invest for the long term. But they don't know that Shitcoin is full of risk to make long term investment. We should understand now day by day many countries are moving forward and many countries are legalizing bitcoin and cryptocurrency.  I believe Bitcoin revolution is inevitable by 2030 and all countries will declare Bitcoin legal.

[CageMabok]

We are far behind in mass adoption. Most people in the world don't understand how to secure their bitcoin or what private keys are. If they can not secure their bitcoins properly then how will they be able to use them as currencies? Mass adoption won't happen if we can not use bitcoin in our regular activities. There aren't too many bitcoin ATMs in the world so how will people use bitcoin for their daily expenses!

Maybe around us there are no Bitcoin ATMs that we can specifically find like most other fiat currency ATMs, but let's look at several countries that are willing to accept Bitcoin as payment and countries that are very brave in adopting Bitcoin, such as El Salvador. Surely the residents there will know how to look after Bitcoin and use it when they want to shop which won't even make it difficult for them at all when they want to pay for something using Bitcoin. Simply by scanning the barcode via cellphone, anyone can immediately make any payment transaction with Bitcoin if it has been accepted by both parties.

Likewise with large companies that already accept Bitcoin, of course the company has a fairly simple way for customers who want to pay via Bitcoin. Because the company has also thought about the service before making the decision to accept it, so mass adoption is not a dream that will not come true because when all countries have really agreed with the adoption of Bitcoin and citizens are also quite happy to use Bitcoin. Mass adoption will definitely become a reality, even though if you think about it now, it seems like it will take a long time to realize it.

[danadc]

This is 100% true and I agree that the recent mainstream adoption has fundamentally changed the entire cryptocurrency market landscape. Experienced investors are the top choice in cryptocurrency to invest in Bitcoin, but those who are new to cryptocurrency invest in Shitcoin more and try to invest for the long term. But they don't know that Shitcoin is full of risk to make long term investment. We should understand now day by day many countries are moving forward and many countries are legalizing bitcoin and cryptocurrency.  I believe Bitcoin revolution is inevitable by 2030 and all countries will declare Bitcoin legal.

I also agree with uncle, because the recent events regarding regulations, and the desire of the gonieros to make many rules for Bitcoin and cryptocurrencies is quite strong, now things can go depending on that, for me what can What happens is that many things can simply be generated because a lot of interest is being generated on the part of people because they are beginning to know the scope of bitcoin and they have seen this, in fact for me the governments should have a lot of bitcoin and they don't They want people to know so they don't do things like buy and change their lives, which I think is bad, but it's in their best interest to keep people in a bubble of deception.