How influential is crypto worldwide?

[so98nn]

Frankly it seems we have very less number of users in the crypto sphere. There is simply no way to tell the exact number of peeps using the crypto because you cant predict them by number of addresses. I mean its unpredictable how many addresses one person is creating on everyday basis if not then monthly basis! It doesnt even give the slightest idea to the survey input. So I highly doubt we have 400 million users of crypto or bitcoin alone. There are multiple services, online shops, exchanges, gaming institutes, sports and gambling sites, faucets and not limited to just them who are using BTC as mode of payment. They also have auto address generator thus creating virtually N-number of addresses world wide. I would like to consider that users with crypto holding Vs share market is definitely not worth it. As mentioned in couple of posts, its also about the timeline. We are throwing a brand new asset and trying to compare it with legends who wander the earth since ages.

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[WillyAp]

As mentioned in couple of posts, its also about the timeline. We are throwing a brand new asset and trying to compare it with legends who wander the earth since ages.

Brandnew?
 2009 to 2024 is an eternity in software terms.
Stocks I supose its 1611: when the first modern stock trading was created in Amsterdam.

[Cryptomultiplier]

Frankly it seems we have very less number of users in the crypto sphere. There is simply no way to tell the exact number of peeps using the crypto because you cant predict them by number of addresses. I mean its unpredictable how many addresses one person is creating on everyday basis if not then monthly basis! It doesnt even give the slightest idea to the survey input. So I highly doubt we have 400 million users of crypto or bitcoin alone. There are multiple services, online shops, exchanges, gaming institutes, sports and gambling sites, faucets and not limited to just them who are using BTC as mode of payment. They also have auto address generator thus creating virtually N-number of addresses world wide. I would like to consider that users with crypto holding Vs share market is definitely not worth it. As mentioned in couple of posts, its also about the timeline. We are throwing a brand new asset and trying to compare it with legends who wander the earth since ages.

The influence of crypto worldwide is still not like the use of gasoline that is used almost every where for engines and household applications. Even when it is compared to forex and the stock and shares market .
The influence of BTC or cryptocurrency could be seen in how it is being presented or infused into our every day life and as regards the topic or its logos being brought up for discussion in movie scenes and during domestic conversations within colleagues and friends.  Corporate bodies and agencies are also investing in it because it is by far most secure from hackers or banking services, it is most cheaper for heavy transactions with the P2p initiative, as compared to the high bank fees across borders one may have to pay for payments and transactions.

Upon how BTC performs after the ETF approval and halving, we might see more adoption worldwide with its value skyrocketing to an ATH than what it currently is. Now speak of influence in some coming months, and BTC would be first to be mentioned.

[passwordnow]

Whales, financial institutions, the governments and all of those countries that are very optimistic about Bitcoin. That's how its influence is becoming larger than the time it has started so, we should be thankful and grateful for what it is achieving now.

Yes they are, unfortunately though only about its monitary value.

It is what it is because that's their business and principle. If we don't see the best out of them and are not inline with our opinion of what they should do in regard to crypto adoption, that's fine. What matters is that they're not against it and they're not trying to propose anything that can lead to Bitcoin's or all of the cryptos ban.

They are eager to maintain the banking system and don't see what Crypto is about (IMHO).

That's normal, we cant see that they're stable businesses and backed up by the government. And if the government stand is just equal and there's no need for any prohibition, as I've said, we have to grateful with it because unlike the other countries, they don't see anything that's valuable to Bitcoin and that's why they're not also optimistic about its adoption and the impact that it can do to their economies.

[WillyAp]

it is most cheaper for heavy transactions with the P2p initiative, as compared to the high bank fees across borders one may have to pay for payments and transactions.

Upon how BTC performs after the ETF approval and halving, we might see more adoption worldwide with its value skyrocketing to an ATH than what it currently is. Now speak of influence in some coming months, and BTC would be first to be mentioned.

I hate to disappoint you but if you send off Crypto over exchanges you have a higher cost than using a bank wire.
Same with Bitcoin, easily you can get 50+ $ and more. Banking is cheaper many times, except for micro payments.

When the fake tweet came on the difference made was 600US$, that's between 13 and 14 %.
Not that big, it was in the beginning so not too much can be laid into it.

[babygun]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

[shinratensei_]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

the reason of such stereotype is because there are so many scammers out there trying to use the term cryptocurrency to fancy their scam and to lead peoplen into thinking that its revolutionary technology that they are trying to sell and while blockchain isn indeed revolutionary technology those scammers have nothing to do with blockchain at all, i've seen plenty that tries to sell so called the next bitcoin cryptocurrency and they are just using some random SQL database for keeping track of the coin movement not using blockchain at all, it misled people into thinking that all blockchain based product which is cryptocurrency is a scam while thats not true at all.
its just ridiculous.

[0t3p0t]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

Yeah that is true but with with the current situation where Bitcoin ETF was approved I think it will gain more adoption than it has before. I can see these hesitant individuals maybe having FOMO in the coming days if things going great with the approval. Let us just wait and observe.

[bitzizzix]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

Yeah that is true but with with the current situation where Bitcoin ETF was approved I think it will gain more adoption than it has before. I can see these hesitant individuals maybe having FOMO in the coming days if things going great with the approval. Let us just wait and observe.

Hopefully the news of the ETF approval is true and we'll just have to wait for the next good news, and I saw and also heard news on television, the internet and so on regarding the ETF approval. Because this decision will accelerate the adoption of Bitcoin, even without an ETF Bitcoin will continue to grow because as time goes by people who think negatively or misunderstand Bitcoin do not affect its popularity.
And in the end they realized their misunderstanding of Bitcoin, so I think those who don't respond and even judge Bitcoin negatively just ignore it because in the end they will regret it.

[WillyAp]

Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

I give out the whitepaper that helps a lot to understand the root of Bitcoin and crypto.
The same friends complaining about fraud had a hard time resisting the millions and billions of OPM (Other People Money) it takes character to resist temptations.

[btc78]

Frankly it seems we have very less number of users in the crypto sphere. There is simply no way to tell the exact number of peeps using the crypto because you cant predict them by number of addresses. I mean its unpredictable how many addresses one person is creating on everyday basis if not then monthly basis! It doesnt even give the slightest idea to the survey input.

Very well said.

Bitcoin’s decentralized feature allows a lot of us to be able to own bitcoin and transact with bitcoin without having to sacrifice our own privacy this feature hinders statistics to get an accurate read of how much people are there holding bitcoin i mean a lot of us probably would not admit having bitcoin in real life due to security reasons

Bitcoin has only been around for not even two decades but its development has come so far

[bitgolden]

Frankly it seems we have very less number of users in the crypto sphere. There is simply no way to tell the exact number of peeps using the crypto because you cant predict them by number of addresses. I mean its unpredictable how many addresses one person is creating on everyday basis if not then monthly basis! It doesnt even give the slightest idea to the survey input. So I highly doubt we have 400 million users of crypto or bitcoin alone. There are multiple services, online shops, exchanges, gaming institutes, sports and gambling sites, faucets and not limited to just them who are using BTC as mode of payment. They also have auto address generator thus creating virtually N-number of addresses world wide. I would like to consider that users with crypto holding Vs share market is definitely not worth it. As mentioned in couple of posts, its also about the timeline. We are throwing a brand new asset and trying to compare it with legends who wander the earth since ages.

We can definitely say that there are tens of millions of them, we can't know the exact number, but it's clear that the number is somewhere at 10+ million without a doubt, that much is known and sure. I feel like we need to focus on something that we could benefit from.

I get that we may not be all that great at what we do, but we need to be careful at what we can do, and in this case it means that we are a great big population that taken bitcoin from nothing to a trillion dollar marketcap, that is the power that we have among these people. So it's influential, it's definitely something that can influence enough people to make something go to a trillion dollar market cap, and that is definitely what the question was about as well.

[oktana]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

Because there is a disadvantage or disadvantages of something does it mean it shouldn’t be used or created? Nothing is perfect. Fiat and banks weren’t perfect and that brought about the creation of Bitcoin which too isn’t perfect. There’s always a downside to everything, and Bitcoin isn’t an exemption. Many more scam cryptocurrency projects (which will give cryptocurrency bad name) will come but it should be expected because everyone can’t be good.

[WillyAp]

Lets get back on track.

I estimate between 20 and 40 million but I fear that that number is a digit too high already.

[oktana]

Lets get back on track.

I estimate between 20 and 40 million but I fear that that number is a digit too high already.

Be it as it may, the numbers are all worth applauding.

Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

I give out the whitepaper that helps a lot to understand the root of Bitcoin and crypto.
The same friends complaining about fraud had a hard time resisting the millions and billions of OPM (Other People Money) it takes character to resist temptations.

How would this work? In the case of your friends calling it a scam, I can bet that they do not have interest and simply puts that label on Bitcoin. How then do you get someone who doesn’t have interest to read the Bitcoin whitepaper? You can imagine how enormous it is and not as easy as an article. I think you may just need to point of solid points about Bitcoin for them, give them examples of the things that it has done. But in my thoughts, they wouldn’t want to read the whitepaper.

[WillyAp]

How would this work? In the case of your friends calling it a scam, I can bet that they do not have interest and simply puts that label on Bitcoin.

A friend of mine was sceptical but as he sent me some values over LTC he now sees it with different eyes.
In the end Crypto is innocent when it comes to guilt. Scams are perpetrated by humans.

[dezoel]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

It's hard to change their mind because they heard it on the mainstream media and there are still facts which are the mainstream media is saying sometimes. This makes them think that everything that they said are true. I guess there is nothing we can do about them if they won't listen to us because they think we are too small compared to the mainstream media.

Just let them regret later on, when they find out the truth about cryptos because by that time I'm sure that the value of cryptos are already high enough because there are still factors which can lift its price even if the adoption won't grow. One example would be the halving event.

[kentrolla]

When this is considered, the suggestion that these cryptocurrencies could grow larger than some of the world's largest companies (as some, like Bitcoin, already have, is not an unreasonable one.

Firstly, Bitcoin does not have a need to grow bigger than those industries. Finances is a game of the centralized, corporate world and they have so many tricks to keep winning that game.

Bitcoin is not about the numbers game, it js an alternative to that entire system. An escape from the financial trap that the governments have set up.

Bitcoin can never outgrow those industries as it would require support from government and they won't until Bitcoin becomes centralized if it does then it would lose t essence and the reason why it was invented, I think more adoption is needed so that people can accept Bitcoin as payment system which is possible only when more people starts using it. Because if we don't have adoption you will be just transacting numbers and end user would not be able to utilize Bitcoin for any purpose

[oktana]

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

It's hard to change their mind because they heard it on the mainstream media and there are still facts which are the mainstream media is saying sometimes. This makes them think that everything that they said are true. I guess there is nothing we can do about them if they won't listen to us because they think we are too small compared to the mainstream media.

Just let them regret later on, when they find out the truth about cryptos because by that time I'm sure that the value of cryptos are already high enough because there are still factors which can lift its price even if the adoption won't grow. One example would be the halving event.

And this is something that more adoption can actually help with. It’s basic to know that the more adoption, the more people are talking about it. And when too many people are talking about something, the truth will always come out somehow. Or let’s assume that countries start accepting Bitcoin, the media will say good things because they’d see it as the government has validated it to be something worth venturing into.

[WillyAp]

And this is something that more adoption can actually help with. It’s basic to know that the more adoption, the more people are talking about it. And when too many people are talking about something, the truth will always come out somehow. Or let’s assume that countries start accepting Bitcoin, the media will say good things because they’d see it as the government has validated it to be something worth venturing into.

Just talk about in regards to crypto we have, Fraud and cheat are the classificated denominations we have to get away from.
Crypto and therefore Bitcoin have become synonyms for trading. Definitely not that good