Will Bitcoin and cryptocurrency be widely accepted?

PiroSense

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Why, why not?
You asking both sides is great to see. Now, to start, there are both the good and bad sides of cryptocurrencies, and these are the reasons why it might, or might not, be adopted on a global-scale.

I'll just summarize it in the fewest words as possible.

Pros of adoption:
  • Unregulated transfers
  • Unlimited transfers
  • Minimal fees
  • Anonymity on decentralized coins
  • Does not care of factors such as geographical or political limitations
Cons of adoption:
  • Unregulated transfers
  • Anonymity makes it a ground for illegal activities as well
  • Thefts are unbacked and no insurance could be applied
  • Poor scalability, which what Ethereum 2.0 aims to solve
  • High security/cryptography demands more power consumption.
  • Still slower than centralized databases
Important key notes:
  • Adoption is still a probability. We're always talking about probabilities, whether it would happen or not.
  • Whether cryptocurrencies are going to be adopted, we are sure as of this time, that digital currencies are the next thing (not excluding digital fiats)
  • In my personal opinion, Bitcoin could be used on macro-scale transactions, while faster coins are more efficient in small-scale daily transactions.
  • As of the current moment, there are still not a lot of merchants accepting cryptocurrencies mainly because:
    1. It's too volatile, and
    2. There's a chance a payment won't go through. A risk that isn't a feasible option to take for businesses.
PS. It might look a long post, but all ideas are summarized.
 

plvbob0070

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As of today, many establishments and companies are now accepting bitcoin and other cryptocurrencies. We can't stop the adoptation of great technologies just like bitcoin and blockchain technologies that's why we should support it. Aside from that, even the online store also now accepts bitcoin and they already add it in their mode of payment. Maybe some people already see the article about the President of China who says that they will gonna support bitcoin. We all know that China is now one of the advanced countries that also have advanced technologies. Also, Ukraine is now also legalized cryptocurrencies. Lastly, we should expect in the coming years all countries will now accept bitcoin and other cryptocurrencies.
 

deisik

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As I see it, Bitcoin and other cryptocurrencies won't be widely accepted as full-fledged currencies (we have fiat for that). However, they can serve pretty well as a store of value (with Bitcoin in mind specifically) and speculative as well as investment assets (this is mostly about the rest of the pack). For Bitcoin to be accepted as a universal means of payment, it has to be stable as far as prices are concerned, but this is unlikely to happen in the future

In other words, people will be hoarding Bitcoin (as they already do anyway) and use fiat for their daily needs
 

Haunebu

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Completely possible. The volatility factor needs to drop in order to attract more people. Currently, it is viewed as an asset primarily and currency secondarily which can reverse in the future if its volatility drops.
 

endlasuresh

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Some companies are accepting from long time ago, however they are facing for the volatility of prices that could make lose to them. I am hoping on someday the volatile price will stop fluctuating and crypto is accepted widely.

Crypto can be carried easily to other countries and be used for hotels, travel tickets in these days.
In India Course on Crypto, Blockchain started by Government in order to get knowledge about it so every country is moving ahead towards Blockchain.
 

Ailmand321

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Compared on how bitcoin or crypto started after 10 years crypto adaptation had come far. So, Iguess, as time goes by cryptocurrency adaptation, will occur slowly. Cryptocurrency as a whole still has a lot of room for improvement, in terms of volatility, accessibility, security and a lot more. In time, crypto will be able to be used by the mass with ease and it will be accessible and can ve used anytime and anyweherem
 

Debonaire217

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With more people advertising bitcoin and cryptocurrencies because of IEO's and bounty, it impacts greatly to the overall appearance and view of cryptocurrency to the world. Moreover, bitcoin adoption could happen as long as we, the users of it continues to be responsible and keep on doing things that are strictly legal, and not letting somebody make a negative reputation to cryptocurrency. The silkroad before was already been closed and is a good sign that cryptocurrency is now open for majority of the people. With that, more and more people will enter the cryptocurrency space, plus all the hype created by bitcoin such as the bitcoin halving will encourage more investor to enter the cryptocurrency space.
 

Blowon

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Is going so far, you can see bitcoin already accepted by all planets in the words. If you asking about "why", cause of no one could force or stop bitcoin will be go, no border at all.
 

Mina Myoui

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There is a chance that event may happen. Many countries accepted crypto currency especially the First World Country also some famous company like Samsung and Facebook make a way to establish Ethereum and Libra.
 

xvids

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It could be widely accepted in the future since crypto is gaining more and more attention every year.
It isn't impossible to be used as alternative payment method in the future but I think it would take some time right now.
 

Baby Lion

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There's a lot of news about some countries adopting cryptocurrency and making their own coin, some companies using cryptocurrency as a payment option. It means that the acceptance of cryptocurrency are now emerging rapidly.
 

Simeon4real

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Yes, mass adoption has always been the plan of Bitcoin and other cryptocurrencies and I believe it'll happen but it'll take time. For now, Blockchain powered cryptocurrencies aren't exactly newbie-friendly and at such, people can lose their funds and assets when they first get started with cryptocurrencies. With time, More improvements will come and more users will come aboard leading to mass adoption.
 

spodermen

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Chances are big but there are too many factors that must be considered prior to adopting such innovation. Well, the answer sums up by the man above. Imo, the only boundary crypto currency knew is the government itself. Once it had been freed away from such restrictions, we might be able to see adoption on global-scale.