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Ziskinberg (OP)
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April 12, 2025, 09:14:24 AM |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
I’m not asking from an investment perspective but rather about practical, everyday use.
Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
Looking forward to a productive discussion (and no spam, please!).
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Charles-Tim
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April 12, 2025, 09:31:58 AM |
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My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
Has gold or those appreciative assets got to their maximum adoption? No. Bitcoin adoption will continue to increase. It has become mainstream already but expect more people to use it. Can Bitcoin realistically become a common method for daily transactions?
People are seeing it more as an investment and a store of value.
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Don Pedro Dinero
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April 12, 2025, 09:50:39 AM |
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I’m not asking from an investment perspective but rather about practical, everyday use.
In the past I thought it would come one day, in the very distant future, but today I think there will never be a day-to-day use of bitcoin, as it is too valuable to meet everyday expenses with it. I see it as plausible that a kind of bitcoin standard may come in the future, as fiat currencies are devalued and bitcoin continues to appreciate while becoming increasingly scarce. But there are too many possible means of payment to stick to just one. Normally, people tend to save bitcoin and use it for large or at least medium-sized payments, and for day-to-day payments use some junk.
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lovesmayfamilis
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April 12, 2025, 10:37:16 AM |
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Everyday use of Bitcoin? I can speak about my circle, which does not seem small enough to me. Yes, people have heard something about Bitcoin; some invest, but as for me, my small opinion is that I very, very much doubt that anyone is ready to use Bitcoin every day. In some countries it is prohibited; in others, it is very regulated; that is, there are certain conditions for using it. In addition, people are not so informed to say that they can own Bitcoin and be responsible for what they own.
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Lucius
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April 12, 2025, 10:44:15 AM |
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I think it's completely pointless to even talk about BTC one day becoming "a common method for daily transactions" because if people haven't accepted it that way after 15 years of existence, I sincerely doubt that it can ever happen.
I think the turning point was 2017 when BTC actually hit the mainstream media as a super profitable investment, and then the idea of cryptocurrency slowly started to fade, especially when Microstrategy appeared, and then later BTC spot ETFs. Although there are thousands of online stores that accept BTC, it's enough to look at the mempool and it's quite clear that the number of transactions is at a record low, which just means that 99% of people are just holding and waiting for the right moment to sell.
I'm surprised that some older forum members (like the OP) are asking these questions, because by now they should have learned that Bitcoin was created as an alternative to the existing financial system, not as a replacement. How many people own BTC today is difficult to say, but it is probably less than 5% of the total population of this planet - so a much more meaningful question would be when we will reach 10% of those who will own BTC at all.
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Solosanz
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April 12, 2025, 10:50:02 AM |
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I think it's around 0.01% or less, honestly 0.01% is big, imagine there are 10,000 people and one of them use Bitcoin for paying everyday transaction.
From my own speculation, there's no way we will see people use Bitcoin for everyday transactions, it might able to happen during crisis where people no longer trust fiat, so they use other assets to exchange with other thing.
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Zoomic
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April 12, 2025, 11:06:53 AM |
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If I am to be very honest, I do not see Bitcoin now or in the future being used as an everyday currency. Not that it is not possible, but Bitcoin enthusiasts see Bitcoin more as digital gold. In the near future, as the value of Bitcoin keeps increasing, the digital gold mentality will fill the minds of many. They would rather invest in Bitcoin for more returns than spend it on bills.
To even think of it, the increase in transaction fees and volatility really makes Bitcoin unsuitable for everyday use.
If we are talking about adoption generally, we are almost getting there. Although, when people think of Bitcoin, the next thing that comes to their mind is an investment opportunity, and not really the alternative currency Bitcoin was originally meant to be.
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Majestic-milf
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April 12, 2025, 11:15:49 AM |
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Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
It could happen but at the same time one has to consider that for it to achieve that every day transaction status, people, especially business owners use it as means of accepting payment for goods and services. Bitcoin is popular but many are yet to accept to use it and instead prefer to use fiat so of course even if it will become a method for daily transactions, it's going to take a long while.
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Die_empty
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Give all before death
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April 12, 2025, 11:26:59 AM |
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Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
Looking forward to a productive discussion (and no spam, please!).
People who will consider the use of Bitcoin for daily transactions are those who consider their privacy. There are also those who are using it to bypass financial restrictions placed by government. I am also aware of some businesses that adopt Bitcoin payments for transnational trade payments. Few reasons have limited the use of Bitcoin for day today transactions which includes volitility, government regulations, and seasonal high transaction fees.
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Dread Pirate Roberts
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April 12, 2025, 11:38:44 AM |
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people have heard of Bitcoin; some invest, but using it daily? I very much doubt anyone's ready for that. In some countries it's prohibited; in others, heavily regulated with specific conditions.
Bitcoin's too volatile for groceries. Who spends something today that might be worth 15% more tomorrow? Mass adoption needs simplicity and stability. We have neither yet. but mightbe stable coin could take over this role if it really happens.
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kotajikikox
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April 12, 2025, 11:51:45 AM Merited by fillippone (1) |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption? How we have reached maximum adoption when there is only a few countries that have acknowledged bitcoin? There are 195 countries in the world and I do not need to look at the statistics to know that not even half of those have acknowledged bitcoin as a legal currency. We are still very far from the adoption we all have been hoping for. Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
Yes regulatory plays a huge part in why bitcoin is not yet being used for everyday transactions but I also think it is because a lot of us still think of bitcoin more as an investment and not as a currency we can and should use. Not to mention the very high transaction fees which prevent a lot of people from using bitcoin for mundane things.
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Joy- maker
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April 12, 2025, 12:00:27 PM |
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Bitcoin have not yet reached it maximum adoption it is gaining more adoption everyday by day, but With the look of things people are seeing bitcoin as an investment, because bitcoin is a store value with potential returns, but seeing it as everyday method of payment or means of payment is what I doubt, because bitcoin is a volatile asset by nature not all individuals and all businesses will be comfortable with the volatility of bitcoin and secondly only few countries have adopted bitcoin so far, this Is just my opinion on this matter, but we are hoping bitcoin get to that level one day.
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irhact
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April 12, 2025, 12:01:45 PM Merited by Youngrebel (3) |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
I’m not asking from an investment perspective but rather about practical, everyday use.
Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
Looking forward to a productive discussion (and no spam, please!).
There's still more significant room for growth, the more adoption it gets the more significant it even becomes and more reasons to grow because if this growth isn't affected it cannot adequately suit in for the adoptions, if bitcoin gets to the point it becomes a day to day methods of transaction which it currently is in some places, it will open opportunities for innovation , a typical example is in years ago, possibly 5 years down history, in the early years of bitcoin, it took a good number of times to confirm bitcoin transactions but now it takes a matter of minutes, some even as low as 10mins, that's actually an evolution for adaptability and with time when it further gets a wide range of incorporation into the economic activities of a good part of the big economy, more adaptable features will set in and even exchanges will begin to incorporate platforms that allows you spend your bitcoin like Fiat without hitches as confirmation at this point will be under 3-5 minutes possibly, all of this is possible.
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Marykeller
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April 12, 2025, 12:45:48 PM |
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I’m not asking from an investment perspective but rather about practical, everyday use.
I doubt if that will be possible(everyday use of Bitcoin) because most people's aim of investing in Bitcoin is for the profits it brings, any other purpose apart from that is not highly considered as to why they should have Bitcoin. People's works of life and daily spending are mostly on fiat; Bitcoin can be used as a transaction when it is most needed as a substitute
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aoluain
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April 12, 2025, 01:04:09 PM |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
Why do you think there would t be further adoption? if there are spot ETF's in operation and the US 'normalising" Bitcoin even further by considering a reserve, why would it stop there? Can Bitcoin realistically become a common method for daily transactions?
What advantage does Bitcoin have over FIAT for buying a Coffee? Michael Saylor points out that FIAT is a perfect medium for daily purchases but its a miserable vehicle for investments and saving, Bitcoin is the opposite!
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serjent05
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April 12, 2025, 01:40:35 PM |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption? Bitcoin adoption is far from maximum and I believe it does not reached the 50% of its potential adoption. Yes Bitcoin had been acknowledged by government and these government even think to make a Bitcoin reserve but those are still in plan and cannot be considered as actual adoption. Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
In my case I consider Bitcoin to become one of my common methods for daily transactions. I can pay for services with Bitcoin, convert it to cash, and so on. Bitcoin usage and exchanges is can easily reach now unlike its early years. So yeah Bitcoin can become a common method for daily transactions.
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Renampun
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Vave.com - Crypto Casino
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April 12, 2025, 01:54:11 PM |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
I’m not asking from an investment perspective but rather about practical, everyday use.
Can Bitcoin realistically become a common method for daily transactions? please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.
Looking forward to a productive discussion (and no spam, please!).
bitcoin is the currency of the future so bitcoin is free to be used as an investment asset and as a means of exchange. for those who want to make bitcoin a means of transaction, of course they can use the smallest part of bitcoin, namely satoshi or mbtc. but for now transactions using the smallest unit of bitcoin for daily transactions are still not popular. and for those who want to make bitcoin a hedge against money, they can buy bitcoin using the DCA method and store it in a personal wallet for an unspecified time. so everything is a choice for each and bitcoin is both (investment asset and currency)
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maydna
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April 12, 2025, 02:06:18 PM |
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I think there is still more room for Bitcoin growth so we need to wait and see more adoption in the future. Although Bitcoin already become legal in some countries, that doesn't mean Bitcoin neared maximum adoption. There will need to be more introduction of Bitcoin to more people because many people don't know Bitcoin. If they knew, they would not believe Bitcoin before they learn more. People use fiat as a payment system and choose Bitcoin as their investment method. So Bitcoin will not become a common method for daily transactions in the near but who knows.
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peter0425
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April 12, 2025, 02:11:30 PM |
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My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
Has gold or those appreciative assets got to their maximum adoption? No. Bitcoin adoption will continue to increase. It has become mainstream already but expect more people to use it. Does bitcoin even have a dead end? Things like bitcoin are genius innovations that we might see it keep developing over years or if not bitcoin itself then it could lead to more advancements when it comes to crypto. Will it be stagnant? I do not think so but let us see. For now, bitcoin still has a lot to show.
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Doan9269
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April 12, 2025, 02:27:01 PM |
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It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Bitcoin in particular is not being regulated by major countries or even the minority ones, because its a decentralized digital currency and its not subjected to any regulation or country law, anyone one can decided to make regulations over its citizen on the use of any digital asset including bitcoin, but that does not effect a change on what bitcoin is or influence on it network. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption? Yes, there is every possibility for an improving adoption rate for the use of bitcoin, only if we are going to be more interested in it use and allows for the younger generations to also take over, governments now have no choice than to join in the support for its use, and we still anticipate for more increasing rate of bitcoin adoption despite where we are currently, only if the government in mass will also join the adoption to make it faster.
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