Are we still "Early Adopters"? - page 12.

Xising

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Quote from: bob123 on October 19, 2018, 10:32:37 AM

We are definitely still in the early adoption phase.

If you look at how many transactions are done on the bitcoin network or at the number of people who own bitcoin, you'll realize that the number is way lower than one would assume.

After a few years (e.g. 10), the adoption will be many times higher than it is currently.
Even though this is not an indicator for an extremely increasing price (what most are aiming for who hope to be an 'early adopter'), this means that the whole eco system around bitcoin is going to get bigger and bigger.

I can very well imagine a future with shops hosting their lightning node, accepting BTC naturally. Compared to such a future, we are at the very beginning (where a lot of people still havn't heard of BTC and only a minority does own some).

I think more so than early, we're in the middle stages now. Anyway, cryptocurrencies or Bitcoin to be exact has been present for a good decade now. Although I agree on the fact that there are still lost for this market and its assets to undergo in terms of developing, increasing in value, getting stable and all other factors that would help it grow. So, although in terms of time of existence, we are not in that "early" stages anymore, but in terms of raw potential, I guess we still are.

Capt00

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Quote from: ophyrim on October 21, 2018, 12:19:53 PM

Many big investors and institutional investors have not yet started to invest or just invested a small amount to bitcoin and some big alt like Ether or Ripple. So I think yess you are an early adapter.

Yes, you have a point, In my conclusion, I guess a little percent of people now holding bitcoin but there are huge people didn't know regarding blockchain and the other crypto. They missed the thing that brings cryptocurrency, especially those countries banning crypto.
In that situation, we are on the earlier stage of using bitcoin because of the demand and supply.

ophyrim

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Many big investors and institutional investors have not yet started to invest or just invested a small amount to bitcoin and some big alt like Ether or Ripple. So I think yess you are an early adapter.

cizatext

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Yeah I believe we are still early adopter's due to the fact only 1% of the total world population know and use bitcoin at this present time and that goes to show that there is still lots of people who have not hard or adopted bitcoin as they secondary currency, we are still at the early stage of bitcoin and in the next couple of years to come more people are going to come into realizing that bitcoin offers them the total financial freedom to carry out their financial transactions without any third party involvement.

131tc01n

sr. member

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Merit: 250

I don't think so, because we are the people who fight for the future of cryptocurrency together, maybe we are at the level of mid-adopters where people together develop bitcoin for the better. 10 years have passed and it's not a little time, bitcoin has experienced tremendous development, they (early adopters) are people around 2009-2011

Izabelle Casey

newbie

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It goes without question that we're early adopters. The blockchain technology that allowed the creation of cryptocurrency is still in it's early stages even if the time has gone from 2009-2018 on top of the fact the government's decision regarding it's expansion is still pending we're still a long way from the final product. With time we'll be able to see the potential of cryptocurrency and what it'll offer then compared to now.

bitfocus

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yes, We are still early adopters, I think, BTC is only 10 years old.

supermine

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Quote from: fucilator_3000 on October 19, 2018, 09:57:52 AM

I'm glad to know your opinions about that...

Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

For sure,even the people who enters at 2019 are still early adopters because the crypto currencies still not adopted in main stream for the payment and lot of people may not heard the world crypto currencies yet so if you are buying crypto currencies then glad to be early adopters of crypto currencies.

fucilator_3000

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Quote from: Callanta787 on October 21, 2018, 08:25:04 AM

Accepted that we are still early adopters of bitcoin cryptocurrency but I wonder how it would be like last year when bitcoin price surge so much that it affects the sending fees and withdrawal fees ,I'm hoping in time there will come a new upgrade for bitcoin that will limit or lower the transaction fee.

Satoshi Nakamoto himself said that in future the technology progress will adjust Fee and Scalability

We are going into this direction, step by step!

Callanta787

member

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Accepted that we are still early adopters of bitcoin cryptocurrency but I wonder how it would be like last year when bitcoin price surge so much that it affects the sending fees and withdrawal fees ,I'm hoping in time there will come a new upgrade for bitcoin that will limit or lower the transaction fee.

samantadegrenet

hero member

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I think we are still eraly adopters if you think most of the bitcoin are just in few wallet... but i think still have to come a project that will be more powerfull than a btc!

Roman Terry

newbie

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We're definitely still in a early adoption phase. Considering the fact that Bitcoin came into existence as the mainstream of blockchain technology. After a few years,the adoption will be many times higher than it is currently.

Dudeperfect

hero member

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At this stage, not even 10% of the global population is using Bitcoin or altcoin so I would say that anyone joining the crypto industry even today is the early adopter in my honest opinion. I do believe that crypto industry will grow multifold in the coming decade and there are infinite possibilities of opportunities in near future in front of us.

armarsterling7

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Quote from: fucilator_3000 on October 19, 2018, 09:57:52 AM

I'm glad to know your opinions about that...

Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

We will definitely remember our early days in this market. When the market is not good and there are many interesting holes. The Cryptocurrency market is slowly evolving, the value of the altcoins being held and they are about to be pumped.

nisya

member

Activity: 318

Merit: 10

Quote from: fucilator_3000 on October 19, 2018, 09:57:52 AM

I'm glad to know your opinions about that...

Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

I don't think that we are the early adopters because today, many people heard about bitcoin although they don't know more about bitcoin. But if we try to imagine for the ten years from now, I think we are still the early adopters because, in that time, there will be many more people will join in bitcoin and they are too late to join. At that time, bitcoin price is on the high price which only people who have big money can buy one bitcoin.

Jadyn Arroyo

newbie

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I think we still can be considered as early addopters. Crypto market is still in its early stage of expansion and most countries haven't even started crypto adoption yet. I hope the situation changes within a few years.

crwth

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https://linktr.ee/crwthopia

A lot of people could be considered as early adopters, and it would be regarded as on the time of learning about Bitcoin. We would be considered early adopters in a way since the genesis block, as almost every analyst says about Bitcoin, it is still in its infancy, and there are a lot of happenings in the future that we are not yet aware of. You might be thinking that there would be a better cryptocurrency, who knows?

You can be an early adopter and not have many Bitcoins but if you were able to buy it early, you would be really amazed how it happens to be. We shouldn't check whether you are an early adopter or not but as long as you know the community and doing the right things when trading and supporting the currency itself, you are doing a great job.

Marbelli

jr. member

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EndChain - Complete Logistical Solution

No, of course, because those people who supported Bitcoin in 2009, it was several hundred people and no more than that, but now it is supported by several millions, this is what makes the difference.

raidarksword

member

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Being an early adopters doesn't mean you are the first to adopt it but it matters how it manage to fulfill the dream on becoming one and share the ideology of bitcoin and crypto currency era. First or the last will always be the same because in crypto currency everyday is a new day of challenge and implications towards our assets on how we can blossom it and make out the best of having it for today, tomorrow and to the future.

Goodnuel

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Yes, I think we are early adopters when you consider the untapped features of the blockchain. In times to come, we will get to see the full implementation and use of all the features of the blockchain in our everyday life.

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