Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Nate11 on November 25, 2018, 03:56:41 PM
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In your opinion, what do you think should be done into to give Cryptocurrency the needed push it needs to break out ?
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I think there are lots of things, and it'll take a decade or more to be implemented, twice that for the value of cryptos to be realized (20-25 years). Similarly to how it's taken the Internet around a decade before becoming truly global, and a couple of decades for the technology integrating with it to gain evaluations of trillions of dollars. I'm sure there are many factors, unknown to us now even, that will contribute to wide-spread adoption, but I'd otherwise argue the following:
- Less volatility, for increased price stability, to avoid fluctuation of merchant adoption (It can still go up just not at the same pace it previously has)
- Development of easy, cheap & efficient methods of transactions, such as via off-chain scaling solutions like the Lightning Network (which is close)
- Easy-to-use mobile applications for popular cryptos, merchant adoption of accepting cryptos (which is slow but ongoing)
- A dozen ATMs in a every city (as opposed to just a handful of ATMs per capital, or otherwise few ATMs in medium sized cities)
It's not a lot to ask for, but it will take some time to happen in my opinion.
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To me, one thing that will push cryptocurrencies to a mass adoption is the fighting and control of scam in the cryopto sphere. Among the many projects conceived each day, only 8% of them are legit and this scares people away. Who would want to gamble his hard earned money in an area like this?
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Starting with internet payments i.e. with a direct peer to peer system.
But it depends by the seller that should be convinced by the big money that he can do introducing this type of payment.
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yes, I think it really is very necessary to do widespread adoption, because in my opinion that way it will be able to provide an increase in crypto prices going forward.
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Dragon raised a lot of solid points already. Aside from those mentioned, I still think that education is the main key for mass adoption. If a grandma or a six year old can have a basic understanding of what cryptocurrency is, then I think we can say there's a wide spread adoption.
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To begin with, legalization of cryptocurrency is needed, because many people and big players are still afraid to get involved with cryptocurrency due to manipulation, and then everything will go as it should.
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In order to see growth, you need to attract investors, but for now investors are withdrawing their funds by reducing capitalization and therefore the situation in the market is such a situation!
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I perceive your pessimism, things are very dangerous. however examine what happens within the exchange, however oil flies down so on. virtually everything is falling, it appears the globe is on the verge of a monetary crisis and investors are deed all markets to avoid wasting cash. this is often positively not the top of the crypto, this market continues to be solely at the initial stage of development, this collapse simply must wait out. i feel things can make a come back with time
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Dragon raised a lot of solid points already. Aside from those mentioned, I still think that education is the main key for mass adoption. If a grandma or a six year old can have a basic understanding of what cryptocurrency is, then I think we can say there's a wide spread adoption.
I quote you.
The best way is teaching new Technologies in all schools. The future is working on technology development, the future is cryptocurrencies.
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In your opinion, what do you think should be done into to give Cryptocurrency the needed push it needs to break out ?
More vendors accepting crypto as payment
Control the volatility of crypto
Educate the benefits of crypto and how can you start to trade your crypto