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Author Topic: Will cryptocurrencies like Bitcoin ever gain mass adoption?  (Read 81539 times)

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #435 on: April 07, 2021, 11:27:24 AM »
Meanwhile Coinbase set up a date for its public listing - it's one week from now, on April 14th. We'll see how well that will go.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #436 on: April 11, 2021, 11:14:36 PM »
It is will make crypto enthusiast will happy because will increasing popularity,
Coinbase included the most popular exchange cryptocurrency in the world.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #437 on: April 14, 2021, 11:21:24 AM »
That increased popularity plus the lack of regulation probably has downsides though.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #438 on: April 15, 2021, 12:08:38 AM »
If compared with Gold price. seems trend Bitcoin tend to increase volume, meanwhile, gold price drops after reach an all-time high, and now this metal commodity still struggles to raise the price, maybe there are some like as a transition from big investor to choose crypto than gold.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #439 on: April 15, 2021, 11:42:50 AM »
You really think institutional investors will abandon Gold as a storage of value for Bitcoin?

Offline Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #440 on: April 15, 2021, 02:10:35 PM »
You really think institutional investors will abandon Gold as a storage of value for Bitcoin?

Yes, they would. That is if they live in an alternate reality; part of Quantum physics. Everything is possible.

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HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #441 on: April 16, 2021, 12:04:45 AM »
Maybe one reason big investor looking for digital asset because of easiness, if buy Gold bullion, if buy large volume they need safe storage and wider place, but Bitcoin only digital asset, even stored private key on cold wallet only in small size like as USB flash drive.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #442 on: April 21, 2021, 11:39:20 AM »
Officials in South Korea have stomped their foot, and have proclaimed that they will aim to eradicate all illegal cryptocurrency transactions in the nation. The countries official gathered this Monday in a meeting where they discussed crypto volatility and the usage of digital coins in money laundering.

The Korea Herald reports that the government is currently in the midst of drawing plans for crypto regulations, whose main purpose will be aimed at tracing every crypto transaction in the country. The report further mentioned that firms dealing in finance are required to report all suspicious transactions to the Korean Financial Intelligence Unit (KoFIU).

Offline Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #443 on: April 21, 2021, 02:47:55 PM »
Officials in South Korea have stomped their foot, and have proclaimed that they will aim to eradicate all illegal cryptocurrency transactions in the nation. The countries official gathered this Monday in a meeting where they discussed crypto volatility and the usage of digital coins in money laundering.

The Korea Herald reports that the government is currently in the midst of drawing plans for crypto regulations, whose main purpose will be aimed at tracing every crypto transaction in the country. The report further mentioned that firms dealing in finance are required to report all suspicious transactions to the Korean Financial Intelligence Unit (KoFIU).

And so it will be that the prefix "crypto" will no longer be applicable. Once this is gone and the huge cost of mining "crypto's", marketing them, storing them and transacting them, will no longer be profitable, bye, bye cryptos.

It's a matter of time. Just waiting for the fireworks. 8)

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #444 on: April 21, 2021, 09:39:15 PM »
It is possible crypto will fall and banned in many countries, but maybe they still in middle regulation, not entirely banned crypto for all, because the crypto market increasing volume will become one source of tax to the government, maybe they banned crypto for payment but not for an asset like as commodity.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #445 on: April 27, 2021, 12:53:01 PM »
The day trading platforms Robinhood and Coinbase climbed to the top two spots in Apples app store Roninhood reported sporadic crypto order failures and delayed notifications for some customers, due to a unprecedented demand for Dogecoin a joke crypto currency that gained almost 550% in a week in the wake of Coinbases direct listing.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #446 on: April 28, 2021, 12:02:59 AM »
Dogecoin is crazy crypto, maybe this like as an event when Bitcoin rising in 2017 then bubble occurs, or when wallstreetbets community make gamestong rising rapidly, I have read on headline news, there are one dogecoin stakeholder become rich

Offline drunkfx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #447 on: April 28, 2021, 07:20:25 AM »
Dogecoin is crazy crypto, maybe this like as an event when Bitcoin rising in 2017 then bubble occurs, or when wallstreetbets community make gamestong rising rapidly, I have read on headline news, there are one dogecoin stakeholder become rich
Still can't get my ahead around this coin. I don't have even a single idea why it can cost so much it was created as a joke, it is purely a speculation vehicle, no real-life applciation.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #448 on: May 04, 2021, 12:33:03 PM »
Elon Musk supported it wholeheartedly and his opinions have a lot of influence on the young people who trade Dogecoin. He also heavily supports Bitcoin.

Offline fxopen78

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #449 on: May 04, 2021, 09:32:12 PM »
Bitcoin is like an island that is disputed by many, the government prohibits the use of Bitcoin as a means of payment because people must use the official currency, on the other hand, Bitcoin has the support of private companies, such as stemming floods, but there are still leaks here and there

 

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