Crypto Adoption: We're Just Getting Started!

[Z-tight]

I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.

I second that, and that is the mistake people do when they buy so many altcoins, many of which do not have any utility, some people buy these coins immediately they are listed, with the hope that it will pump, but that is not how things work. BTC is unique and it is different from other cryptocurrencies, it has wonderful use cases and that's what gives it utility.

[vegasus]

I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.

I second that, and that is the mistake people do when they buy so many altcoins, many of which do not have any utility, some people buy these coins immediately they are listed, with the hope that it will pump, but that is not how things work. BTC is unique and it is different from other cryptocurrencies, it has wonderful use cases and that's what gives it utility.

It's probably because of the power of hype. We know that society is very easily affected and influenced by hyped things. That's why we often see society much more interested in buying coins that are viral, even though these coins actually have no utility, and usually drop immediately when listed on exchanges. People are so easily carried away by FOMO to buy shitcoins with high nominal amounts. However, they are often so worried when advised to buy Bitcoin which is already clearer.

[TomPluz]

It's probably because of the power of hype. That's why we often see society much more interested in buying coins that are viral, even though these coins actually have no utility, and usually drop immediately when listed on exchanges. People are so easily carried away by FOMO to buy shitcoins with high nominal amounts.

People can easily be lead by greed and FOMO thinking that a certain coin or token can give them the financial freedom they are looking for without looking at the real value the project is offering to the market. Well, some make it and made some millions by investing into a memecoin that later on pumped but not all projects will have a big success in fact more than 90% of them just die naturally leaving some havoc along the way...and the investors of failed coins will bear the burden of holding empty plastic bags. People who are not used to gambling should think hard if participating in hyped projects can be the right thing to do...of course, if one is a gambler I think there can be more chances of making good money here but we all know the nature of gambling.

[gunhell16]

I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.

Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.

Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.

On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.

Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.

Whether others accept it or not, the internet has really been useful until now. And also because of the internet, bitcoin and cryptocurrencies appeared, which became a good combination of the two for communities to have other opportunities that they can actually generate income from.

Because of this era, especially around the world, bitcoin or cryptocurrency is widespread because of the blockchain technology that came out in this era 10 years ago when it started.

[Ujok]

In the past, the internet was not as developed as it is now, where now everyone uses the internet, even the whole world uses it, not only that, the internet is a means of communication so that everyone is connected to each other. Here I can only hope for crypto, hopefully in the future crypto can continue to develop and still live in the future, why am I so sure because crypto is very important and makes it easier for everyone to search or do their work quickly without taking a long time.

[Lucius]

I'm here since 2017 too hehehe, wish I knew BTC in 2013 

Are you sure that something would have been different if you had known about BTC in 2013? I first heard about BTC sometime in the second half of 2011, but I did literally nothing until 2014. I want to tell you that knowing about something and doing something specific about it are two different things.

marketcap of crypto is more than 2 trillion dollars, 14 years of BTC, as I said I think we are in the "middle" of something

Marketcap is just an illusion that something is worth some amount - because if you take into account the alleged 1 million BTC mined by Satoshi, and if you add to that that at least 10% of all BTC have been lost to date, then we have about 3 million BTC that are part of the equation, and maybe they shouldn't be. In addition, manipulations with coins/tokens that have a supply in the billions are already an old story, and some things are exaggerated to make them more attractive to investors.

[Agbe]

I'm here since 2017 too hehehe, wish I knew BTC in 2013 

Are you sure that something would have been different if you had known about BTC in 2013? I first heard about BTC sometime in the second half of 2011, but I did literally nothing until 2014. I want to tell you that knowing about something and doing something specific about it are two different things.

Plus 1 for you. You just said the truth. The same statement that is rdluffy is making today will be made by someone in the next 10 years to come. And now we are preaching the message and campaigning to people so they can invest but they are still redundant. I taught my childhood friend to invest in bitcoin last week and I was ready to sell bitcoin to him if he was ready since I sell every week, and only for him to to tell me that he is not interested again and another one said his device was tempered. And time is coming that this the same statement will be made.

[Geey]

internet is the main role in the world of technology without internet technology will not work and we see now with the internet everyone can use it and can connect with others without meeting in person... and vice versa can crypto develop like the internet? I think it can because this crypto has good quality and maybe in the future crypto will match the country's currency.

[Z-tight]

maybe in the future crypto will match the country's currency.

BTC will not replace fiat, if that is what you are trying to say, in the future it will be widely used and adopted, but even Satoshi didn't create BTC for it to replace fiat, it is meant to be an alternative currency to fiat and we have to accept it that way. As for development, there is a lot to come in the future regarding that.

[Lucius]

Plus 1 for you. You just said the truth. The same statement that is rdluffy is making today will be made by someone in the next 10 years to come. And now we are preaching the message and campaigning to people so they can invest but they are still redundant.
~snip~

We should be honest and say that ten years ago Bitcoin was still relatively unknown and much cheaper than today, and there were too many doubts that deterred people from investing in it. These same or similar doubts still exist today regardless of the passage of time, but with one important difference - and that is the price. Ten years ago you could buy 1 BTC for a few hundred $, today you need $60 000 for the same - and if you buy for a few hundred $ you will get something that most people will not like and it looks like this : 0.00040000.

As for promoting and persuading others to invest in BTC, I personally think that it can do more harm than good - because if such a person loses that BTC in any way or if the price falls, they will always blame the person who persuaded them to do that. I personally had bad experiences with it, from accusations that I am trying to scam someone, or that BTC is a ponzi scheme that works because those of us who already have it persuade others to buy it.

My decision is that one should help those who understand what BTC is and who really have the desire to invest in it - but by no means be the one who pushes people in that direction.

[_act_]

We are just getting started and things have been this far already with the way of it acceptability, growth and development, there is more to expect from the crypto networks and more are still coming to be, we are only expected to know what we are doing in other not to be a victim to some horrible situations like scam at the cause of of interest on them, more bigger things ahead to achieve with cryptocurrency when we remain in it.

[Hatchy]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

Yes I guess it is but the adoption rate compared to that of the Internet is still slow. Back then before the internet became very popular, we just had short range connections and few social medias where people can hangout. Now everyone has access to the Internet through their mobile phone. Crypto on the other hand, is still growing and to me is going to be bigger than what it is now, in the future. With BTC leading the way for more crypto investors to flood the market, I see a potential increase in the rate of adoption soon.

[bitcoin-shark]

Unfortunately it is true we are only at the beginning, at the dawn of crypto unfortunately there is still a lot of mistrust and little knowledge of the subject those who approach this fantastic world do so to invest, for quick profits without thinking that there is an entire philosophy behind it, one lifestyle

[satpol_PP]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

Yes I guess it is but the adoption rate compared to that of the Internet is still slow. Back then before the internet became very popular, we just had short range connections and few social medias where people can hangout. Now everyone has access to the Internet through their mobile phone. Crypto on the other hand, is still growing and to me is going to be bigger than what it is now, in the future. With BTC leading the way for more crypto investors to flood the market, I see a potential increase in the rate of adoption soon.

Yes, with the increasingly good internet connection and almost evenly distributed in all regions, this makes it easier for us to access crypto because with the ease of internet connection we can make transactions and trade with crypto. Maybe there are still some areas in a country that do not have an internet connection, because they are remote, but over time they will have internet and will know crypto. And currently bitcoin is the king of crypto currency.

[EluguHcman]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

Those early days as referred on the internet is based on that era too where technology was not so advanced and adopted like now.
Checking out when Bitcoin as one of the first existed cryptocurrency was also introduced, there was the way back when it was also referred as dormant technology

So I think it is awful comparing internet of now and then too as most people in the world currently uses the internet more than the cryptocurrencies. Perhaps through the formation of the internet is where cryptocurrencies was developed and deriving its source of accessibility.