With a big yawn, I know crypto is the future but I often wonder how far in the future that future is. Someone asked me the other day... "What does Bitcoin have to do to reach the average internet user". I did not have a good answer. We all wish there was some one click windows program to get you securely trading Bitcoin in 5min with no hard-drive space used or extended learning curve. Nothing I have yet seen is that simple. Bitcoin does not need mass adoption to become more expensive but in my opinion it does need mass adoption if it is to remain expensive longer than a few days or hours. Any government could print enough money to buy all the Bitcoin in the world but what makes that infeasible is the lack of willingness to sell them every Bitcoin in the world. Similarly the lack of mass adoption prevents even schools of whales from providing each-other crypto liquidity.. Liquidity only works when someone thinks the market is going the opposite way you do and a school of whales would end up in agreement much too often. Bitcoin back at 880 to me is just a diving board to 450-500, After Trumps inauguration Bitcoin has nothing but Jan 28th (Chinese New Year) and March (11th) ETF SEC decision, to look forward to. If the SEC stalls the Bitcoin ETF again I expect a crash, I already expect a crash leading up to Jan 28th, due to the Chinese buying fiat to give as gifts. # SOURCE _According to his analysis, Hayter says trading between the yuan and bitcoin accounted for around 98 percent of the total market in the past six months._ * https://ibankcoin.com/flyblog/2017/01/11/bitcoin-craters-after-the-pboc-confirms-probe-into-bitcoin-exchanges/ https://ihb.io//wp-content/uploads/2014/04/I-Have-Bitcoins-Funny-Meme-14-e1398610091141.png ## _Not Financial Advice_
post_id | 1,774,653 |
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author | matrixdweller |
permlink | bitcoin-is-up-usd40-to-880-he-said |
category | bitcoin |
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created | 2017-01-17 09:28:30 |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
visioncharm | 0 | 18,146,054,712 | 100% | ||
fyrstikken | 0 | 54,673,558,752 | 2% | ||
michaellamden68 | 0 | 2,484,678,203 | 100% | ||
asmolokalo | 0 | 10,597,041,392 | 100% | ||
britvr | 0 | 18,454,945,527 | 100% | ||
manoami | 0 | 9,149,858,742 | 100% | ||
nabilov | 0 | 190,488,814,408 | 100% | ||
me-tarzan | 0 | 139,374,176,616 | 100% | ||
ubg | 0 | 21,964,190,434 | 90% | ||
james212 | 0 | 1,490,628,991,367 | 100% | ||
sokoloffa | 0 | 8,140,348,214 | 100% | ||
sergey44 | 0 | 732,049,800 | 100% | ||
jillstein2016 | 0 | 2,721,573,343 | 100% | ||
french.fyde | 0 | 7,939,351,916 | 100% | ||
juurop | 0 | 2,751,766,514 | 90% | ||
usb | 0 | 715,229,529 | 90% | ||
tannukas6 | 0 | 2,534,715,605 | 90% | ||
imarealboy777 | 0 | 2,334,217,335 | 100% | ||
matrixdweller | 0 | 27,077,719,217 | 100% | ||
ashketchum | 0 | 61,738,725 | 100% | ||
clarkwayne | 0 | 137,372,084 | 100% | ||
smartguylabcoat | 0 | 678,918,637 | 100% | ||
captainamerica | 0 | 76,969,791 | 100% | ||
virtualgrowth | 0 | 1,783,579,629 | 5% | ||
sarasgrace | 0 | 56,270,971 | 100% | ||
kenistyles | 0 | 6,375,752,364 | 100% | ||
runridefly | 0 | 11,471,313,646 | 48% | ||
stephenkendal | 0 | 16,043,689,465 | 100% | ||
manosteel211 | 0 | 6,950,297,403 | 100% | ||
trendwizard | 0 | 2,423,449,292 | 100% | ||
elumni | 0 | 4,786,604,405 | 21% | ||
steemspeak | 0 | 222,743,676 | 2% | ||
fyrst-witness | 0 | 331,431,359 | 2% | ||
joshuaatiemo | 0 | 877,082,176 | 100% | ||
lordgangler | 0 | 1,930,657,328 | 100% | ||
crowdfundedwhale | 0 | 21,010,848,079 | 50% | ||
elven | 0 | 2,159,826,961 | 90% | ||
mallorcaman | 0 | 107,397,065,898 | 100% | ||
gasgeverij | 0 | 517,673,050 | 100% | ||
quck | 0 | 3,349,711,822 | 90% | ||
sebastianjago | 0 | 38,278,521,253 | 100% | ||
bobocop | 0 | 784,825,295 | 100% | ||
steembot-general | 0 | 5,404,218,712 | 100% |
There is also the aspect of people simply not trusting it, since "it doesn't exist". You can't hold it, can't see it. It's on a computer, where anybody can hack it,... It isn't backed by any value,... You'd be surprised how many people still think that there cash money is covered by gold bullion, and that they own the money on their bank accounts, and that that also is backed by cash money,... Step 1 to getting them to adopt bitcoin is not informing them of 's existence, or offering them a one click solution to start using it, but give them a very serious economic and financial 101. Only, this is completely neglected in most schooling systems around the world
post_id | 1,774,681 |
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author | walkerlv |
permlink | re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t093526655z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 09:35:24 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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good point
post_id | 1,774,691 |
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author | matrixdweller |
permlink | re-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t093644174z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 09:37:00 |
last_update | 2017-01-17 09:37:00 |
depth | 2 |
children | 0 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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This where Steemit becomes the perfect introduction to the concept of value being held in digital tokens. The revolution that pushes forward crypto adoption is under our feet.
post_id | 1,775,273 |
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author | seablue |
permlink | re-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t120926104z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 12:09:12 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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Yes Steemit is nothing short of ground breaking, but I still think the price of STEEM will continue to fall for now because others have not woken up to that fact as quickly as I have.
post_id | 1,775,476 |
---|---|
author | matrixdweller |
permlink | re-seablue-re-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t125233850z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 12:52:48 |
last_update | 2017-01-17 12:52:48 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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I believe Bitcoin will become more mainstream when people invest in the services that allow them to utilise Bitcoin on an everyday basis. I have a Swipe card for my Bitcoin account and I can use it pretty much at any EFT service in Australia. Now...that to me is security as I have access to the balance and can utilise it as cash on demand. I also have an ATM access in my home city so that is where I believe confidence is built. Word by mouth telling your friends how you bought your weekly food shop and dinner for your girlfriend with Bitcoin is a game changer.
post_id | 1,774,735 |
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author | sebastianjago |
permlink | re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t094837835z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 09:48:36 |
last_update | 2017-01-17 09:48:36 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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I make a point of paying in Bitcoin whenever I see the option to do so. The more Bitcoin that flows into peoples pockets through commerce, the more entrenched Bitcoin becomes as a digital currency.
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---|---|
author | seablue |
permlink | re-sebastianjago-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t121221462z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 12:12:09 |
last_update | 2017-01-17 12:12:09 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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I agree. It is all about confidence, faith and practicality. It will happen in time however the banks who control most of the market share in regard to the flow of currency will make it hard. Bitcoin banks (in theory) and other facilities will have to be established such as CoinJar to ensure the transition occurs. I have already made that transition.
post_id | 1,778,077 |
---|---|
author | sebastianjago |
permlink | re-seablue-re-sebastianjago-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t201149518z |
category | bitcoin |
json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
created | 2017-01-17 20:11:48 |
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root_title | "Bitcoin is up $40 to 880 He said." |
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