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

[Greyhats]

Interesting read, thanks for the posters in the thread. Does anyone have info on how to measure adoption, is there some kind of standard?

I'm not totally convinced by the number of addresses increased as a metric. I could create 10 new addresses right now but that doesn't mean 10 new folks adopted btc.

I also wonder about how many of the altcoin crowd from last cycle get converted to btc. I assume some exit after getting burnt, some die hards stick to their shit coins, but then also some move over to btc. Is there anyway to measure that?

Is price the only true way of measuring adoption?

[Sophokles]

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.

I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.

[taufik123]

I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.

Another example is Zimbabwe with its extreme inflation.
The adoption of bitcoin may be another alternative to overcome this inflation, but regulations must really be implemented and there must be someone who regulates how Bitcoin should be used.

Mass adoption cannot necessarily be used just like that, there must be an in-depth study of what is needed and how it applies to the economic system in a country.

Using the P2P network or using the Bitcoin Lightning network can be an alternative.
Mass adoption is not only thinking about a benefit for the country, but also thinking about how people can use it or not and whether it is really useful or not.

[dunfida]

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.

I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.

We dont need that economic collapse before we could really be able to see such mass adoption. We do know that adoption and recognition do keep on moving forward even though it might really not that fast as we anticipated considering that not all places in the world would really be having that kind of positive approach towards Bitcoin or crypto as a whole. This is why adoption rate wouldnt really be something that could be forced through. Just let those movements and recognition would come in place on the right time and it would really be something that evident on the time that it would happen. Crypto market had changed?
Thats inevitable but we cant really be able to point out that when it comes to movement of its value or in terms of price then there's no way on knowing on what it looks like.

Whether it would really be behaving just like into those previous years or not when it comes to price volatility which this had really that remain a big question.Although chart
results and other analysis thats showing up some odd patterns will really be making out those kind of assumptions on which we do see that people
would really be looking upon and apply their decisions basing up on what they are seeing.

[el kaka22]

Chart definitely shows that we are on the verge of something bigger, that is what it is telling me. Whenever there are possibilities of rises this type of thing happens and the more people that joins the better the possibility of us doing better as well. I get that this can't be really all that true, we should be considering the situation a little different but that is not really the thing we should be caring about, we should be looking for something that could benefit them a lot better. I know that this will take a while for them to make it work but that is going to be a tough deal if we want it to work better.

I hope that we could see people make a bigger return this time around because if we are getting a lot more people then it should grow a lot more to leave all of us something, and the bigger pie means there will be easier time to sell since there are a lot more people that is willing to take up where you left off and keep taking it further.

[South Park]

I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.

Unlike fiat in which literally the government forces you to accept their printed currency or face the consequences, people adopt bitcoin for a myriad of different reasons but at the end each one does so for their own personal benefit, this is what makes bitcoin different, so if we want global adoption to happen then we need an economic event that puts in doubt the current economic system and people adopt bitcoin as a way to protect themselves from the effects of such event.

[TheUltraElite]

This is something I have been noticing more lately, years ago it was unheard of to see people talking about this market or wearing a shirt with a bitcoin logo, but I have noticed this has changed and it is happening more and more often, however to my surprise meme coins are the most common topic of conversation I hear related to this market, so I expect that during the next bull market useless coins like that will perform great for a time only to collapse at an amazing speed, and most of those people will lose their money and even the interest they had on this market.

Meme coins are there and they bring some negative points to cryptocurrency in their game against fiat. Bitcoin on the other hand does not need that publicity or the flashy apps and ads to market itself, its prices forces people to start buying it.

For those who are in it for quick gains the chances they will shove BTC aside and go for memecoins is way more and these people are the majority of newcomers and the future outcome is that they will fail. But the other group is here for long term and that with bitcoin - these people help in the adoption and growth of price.

[TimeTeller]

This is something I have been noticing more lately, years ago it was unheard of to see people talking about this market or wearing a shirt with a bitcoin logo, but I have noticed this has changed and it is happening more and more often, however to my surprise meme coins are the most common topic of conversation I hear related to this market, so I expect that during the next bull market useless coins like that will perform great for a time only to collapse at an amazing speed, and most of those people will lose their money and even the interest they had on this market.

Meme coins are there and they bring some negative points to cryptocurrency in their game against fiat. Bitcoin on the other hand does not need that publicity or the flashy apps and ads to market itself, its prices forces people to start buying it.

For those who are in it for quick gains the chances they will shove BTC aside and go for memecoins is way more and these people are the majority of newcomers and the future outcome is that they will fail. But the other group is here for long term and that with bitcoin - these people help in the adoption and growth of price.

But these users will learn their lessons quick once their meme coins or tokens are being abandoned by the devs.
Because up until now, very few type of this coin survive long term in the trading market.
And usually, their developments is very slow or nothing at all, hence, you can't expect that they will improve thru time.
This is why a lot are still going back to btc once they got burned by these projects.

[_BlackStar]

-snip-

But these users will learn their lessons quick once their meme coins or tokens are being abandoned by the devs.
Because up until now, very few type of this coin survive long term in the trading market.
And usually, their developments is very slow or nothing at all, hence, you can't expect that they will improve thru time.
This is why a lot are still going back to btc once they got burned by these projects.

Dogecoin is one of the best meme coins so far. Doge has been around since December 6, 2013 - this coin is still going strong and is very popular today. Of course, not many other meme coins have survived and thrived like Dogecoin - so I think investors should still be careful in making investment decisions.

I don't know how many meme coins will survive the meme coin list here - but Dogecoin could still be the one most likely to survive for a long time. Dogecoin is the only meme that has a $10,223,456,793 marketcap currently with a total trading volume of $1,235,833,878 as of the last 24 hours. If you are interested in the coin meme list - then review it in full here:

All meme coin list: https://www.coingecko.com/en/categories/meme-token

[jeraldskie11]

-snip-

But these users will learn their lessons quick once their meme coins or tokens are being abandoned by the devs.
Because up until now, very few type of this coin survive long term in the trading market.
And usually, their developments is very slow or nothing at all, hence, you can't expect that they will improve thru time.
This is why a lot are still going back to btc once they got burned by these projects.

Dogecoin is one of the best meme coins so far. Doge has been around since December 6, 2013 - this coin is still going strong and is very popular today. Of course, not many other meme coins have survived and thrived like Dogecoin - so I think investors should still be careful in making investment decisions.

I don't know how many meme coins will survive the meme coin list here - but Dogecoin could still be the one most likely to survive for a long time. Dogecoin is the only meme that has a $10,223,456,793 marketcap currently with a total trading volume of $1,235,833,878 as of the last 24 hours. If you are interested in the coin meme list - then review it in full here:

All meme coin list: https://www.coingecko.com/en/categories/meme-token

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

[KiaKia]

Many people don't have a clue what's happening in the world about crypto and Bitcoin, like this sh** is getting popular almost everyday now, I was taking a bus from my home to a family friend place yesterday and four people in that bus are discussing about Bitcoin, and strangers are even adding it up, like one said he need to get Bitcoin before January and he claimed that his daughter has been telling him to get it fast.

I pretend as if I don't know what Bitcoin is but seeing the sight of this makes me felt proud on the inside, I was like yes I have been into Bitcoin for the past years before you guys, I stopped promoting Bitcoin some while ago because most people in my area don't care but getting out of my place make me realize that I was wrong.

The news about ETF approval is even adding more fuel to the fire, because this is what the stubborn investors are waiting for, once the ETFs get approved that's when some people will have the confidence to start buying Bitcoin, some people do like following their centralized leaders decisions when it comes to money, especially those in stock investments only, now things will change.

[AakZaki]

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

DOGE is my favorite memecoin and gives me profits when it reaches ATH. unlike other memecoins that will disappear in a while. DOGE is lucky to have fans like Elon and will continue to be pumped when Elon mentions Doge. now if memecoin doesn't launch utility then it will just end up being abandoned and not developed. It depends on how innovative the memecoin is.

[_BlackStar]

-snip-

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

I have the best reason - it is because most meme coins are created to make their developers rich quick. Many investors are trapped and they only have high hopes of getting rich by investing a few tens or hundreds of dollars in it - but I'm sure some of them already understand what the consequences are.

But it's worth going back to the initial discussion which in reality didn't address the specifics of altcoin. OP has currently been banned - so I'm not sure if he will still read discussions in his thread with the same account or if he will do it with another account ^{[ban evasion].}

[God bless u]

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

There is no doubt that bitcoin is number coin because it never make its holders sad and will never do that. Every year its value is increasing and as next year there is a halving happening so next year price will be even more than this year. Altcoins on other hand are not so beneficial because sometime there is a possibility that your selected altcoins will give you reward or there is also a possibility that your desired altcoins will loss its value and will be unable to offer you any gain.

Newly launched meme coins should not be accepted easily because they can easily reduce your money and if the creator is saying that it is not guaranteed to be profitable then how we can trust it. Meme coins are not always beneficial so try to avoid it and select bitcoin if you can afford it.

[Lanatsa]

-snip-

But these users will learn their lessons quick once their meme coins or tokens are being abandoned by the devs.
Because up until now, very few type of this coin survive long term in the trading market.
And usually, their developments is very slow or nothing at all, hence, you can't expect that they will improve thru time.
This is why a lot are still going back to btc once they got burned by these projects.

Dogecoin is one of the best meme coins so far. Doge has been around since December 6, 2013 - this coin is still going strong and is very popular today. Of course, not many other meme coins have survived and thrived like Dogecoin - so I think investors should still be careful in making investment decisions.

I don't know how many meme coins will survive the meme coin list here - but Dogecoin could still be the one most likely to survive for a long time. Dogecoin is the only meme that has a $10,223,456,793 marketcap currently with a total trading volume of $1,235,833,878 as of the last 24 hours. If you are interested in the coin meme list - then review it in full here:

All meme coin list: https://www.coingecko.com/en/categories/meme-token

If there is number 1 in crypto which is Bitcoin, Dogecoin is also the number 1 meme coin so far. There are no other meme coin who overcome the marketcap of doge and I think it's very impossible to happen in the future. Usually meme coin will disappear in just weeks or months, why? Because as what I have observed especially to the newly launched meme coins they stated on their whitepaper that there are no promises and no expectation, and that is really what meme coin means. That's why investing in them is very risky.

Dont talk about impossible because we do know that future isnt really that known or something that could really be seen forward. Yes,they might be that #1 as of this moment but its not something that having that assurance that it would really be remaining forever and this is why it would really be always better that you should really be that prepared for whatever flipping that could happen and we do know that and we've seen that there are really coins which had been overtaken by something new or something better. This is why it would really be just that normal that we would really be that assuming that it could happen
again into those current coins that are sitting on the top rankings. Possibilities would really be always there and it would really be just that so normal that there would be possibilities that it could
happen on next BR or cycle.

It would really be that survival of the fittest or into those projects which are really that having that kind of demand and this is something a normal approach.
Adoption and recognition is really that inevitable and it is really just that right to assume that price and overall marketcap would really be continuing to increase.

[lombok]

I do think mass adoption is possible but it will not directly come through the government. If the economy collapses, then local businesses will look for an alternative to fiat currencies and bitcoin can be a good option for them. Like Venezuela, Jordan has gone through this same situation. Bitcoin can be used by local businesses in these countries local business as P2P payment network which will start the process of mass adoption of bitcoin in a country.

Another example is Zimbabwe with its extreme inflation.
The adoption of bitcoin may be another alternative to overcome this inflation, but regulations must really be implemented and there must be someone who regulates how Bitcoin should be used.

Mass adoption cannot necessarily be used just like that, there must be an in-depth study of what is needed and how it applies to the economic system in a country.

Using the P2P network or using the Bitcoin Lightning network can be an alternative.
Mass adoption is not only thinking about a benefit for the country, but also thinking about how people can use it or not and whether it is really useful or not.

To overcome inflation with Bitcoin may not be appropriate because there are many factors related to the government's internal and external policies in dealing with the country's inflation. If the local government's role is still wrong in tackling inflation, investing or purchasing BTC, even to the point of determining BTC as the main currency, it will actually add new problems for the country and even its people.

Apart from that, if there is network congestion on the BTC Blockchain which causes transaction costs to rise, it could also pose a big dilemma for the country, which could cause economic congestion.

Maybe if it were just an alternative, Bitcoin would be able to fill this void and be ready to be adopted as an alternative in various fields in every country in the world.

[Mate2237]

I came here last year and from that time till now I have seen and experienced a tremendous increase in the blockchain. I am well encourage with the number of people tripping into the system every day. But one thing for sure even though there massive adoption of bitcoin there will be a limitation of it because those who are not educated, those who have not gone to school who can't use bitcoin for transaction, can't adopt it because their faith might not strong enough to deal the risk involved.

The four years cycle of bitcoin is an occurrence for the 4 years period and I have not experienced it before so this will be the first one to be experienced. And I believed that after this cycle the mass adoption of bitcoin by countries will take place in the whole world.

[mirakal]

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.

We can’t hold the people from using bitcoin as a store of value or an investment tool, or just use it as a currency, because we have different views about bitcoin and as long as we continue to benefit it in whatever we can, then it’s fine. Mass adoption of crypto does not mean necessarily that we should use it as a currency since it’s how its originally designed, but the fact that we continue to use it for the good sake of majority, and we acknowledge it because of its huge potentials, then I am optimistic that at the end of the day, mass adoption for crypto will be highly possible.

[flyingcarpet]

I came here last year and from that time till now I have seen and experienced a tremendous increase in the blockchain. I am well encourage with the number of people tripping into the system every day. But one thing for sure even though there massive adoption of bitcoin there will be a limitation of it because those who are not educated, those who have not gone to school who can't use bitcoin for transaction, can't adopt it because their faith might not strong enough to deal the risk involved.

The four years cycle of bitcoin is an occurrence for the 4 years period and I have not experienced it before so this will be the first one to be experienced. And I believed that after this cycle the mass adoption of bitcoin by countries will take place in the whole world.

Bitcoin attracts the attention of more and more people every day. Those who are curious about Bitcoin are researching and investing. What you say about mass acceptance may be true. It may not be that easy to reach everyone. If states officially accept its use, this process will accelerate further.

Even today, no system can be said to have reached everyone on a mass basis. I can't think of a system that could achieve this. Therefore, what we mean by mass adoption may be reaching people who can use Bitcoin.

[slaman29]

What's mass adoption to you? Addresses? I've used maybe 1000 addresses, most likely more. I use 1 a day, probably more. Count altcoins and I use maybe many thousands.

Exchanges? Every deposit new address.

And is 100000 people trading mass adoption when no one has private keys?