Topic: Are we still early adopters? Or did that pass after 2010/2011? (Read 21701 times)
Majority of very early adopters have cashed out their holdings at nice profit.Yes,I will say this is second wave of early adopters and Bitcoin still is more something technical than just currency.In few years after widely adopted and accepted then we will see real value which will be surely high than now.So we can say ourselves early adopters of Bitcoin.
October 06, 2015, 09:08:43 AM
IMO we are innovators. Bitcoin is still difficult to use and there are only few users. The technology is still being built.
Most of use are using it and not building it, thus early adopters. October 04, 2015, 01:55:08 AM
Bitcoin may not succeed and become what we want it to be but.....
Considering the % of the worlds population that are aware of & own/use bitcoin then I'd say we could still be early adopters.
If bitcoin doesn't succeed then you can totally forget what I've said but if it does then even owning 1 bitcoin could make one a very rich man. This is all pointless at the moment though because we don't even know if bitcoin will gain mainstream adoption.
Considering the % of the worlds population that are aware of & own/use bitcoin then I'd say we could still be early adopters.
If bitcoin doesn't succeed then you can totally forget what I've said but if it does then even owning 1 bitcoin could make one a very rich man. This is all pointless at the moment though because we don't even know if bitcoin will gain mainstream adoption.
The current amount of people who are actually using Bitcoin is very low, yes. If you just look at that, then I agree with you that we can still consider ourself early adopters. The thing is that not every one is interested in it while they kinda know what Bitcoin is. For mass adoption there need to be a certain demand for the average Joe's to use Bitcoin alongside fiat currency. If that doesn't happen, then they won't see the need to use Bitcoin.
October 03, 2015, 05:14:46 PM
Bitcoin may not succeed and become what we want it to be but.....
Considering the % of the worlds population that are aware of & own/use bitcoin then I'd say we could still be early adopters.
If bitcoin doesn't succeed then you can totally forget what I've said but if it does then even owning 1 bitcoin could make one a very rich man. This is all pointless at the moment though because we don't even know if bitcoin will gain mainstream adoption.
Considering the % of the worlds population that are aware of & own/use bitcoin then I'd say we could still be early adopters.
If bitcoin doesn't succeed then you can totally forget what I've said but if it does then even owning 1 bitcoin could make one a very rich man. This is all pointless at the moment though because we don't even know if bitcoin will gain mainstream adoption.
October 03, 2015, 05:13:29 PM
taking the total of bitcoin mined into consideration. I think mt gox sped up the train a little bit. 2015 would still be very early if mt gox didn't happen.
October 03, 2015, 05:06:47 PM
October 03, 2015, 04:10:01 PM
I still consider myself as an early adopter, given that bitcoin is still in its infancy and not much businesses are present that accepts bitcoin. I wonder what the scenario would be when we reached the early majority phase.
October 03, 2015, 02:48:28 PM
I think we're only just leaving the "Innovators" phase ATM. Once mining is out of the general public's hands we'll be in the "Early Adopter" stage.
We are still the "lunatic fringe" slowly getting to become 'innovators'
Say, 1 mil bitcoiners is still 0.015% of Earth's population or 0.1% of OECD countries.
October 03, 2015, 02:01:36 PM
I think that the time of explosive gains by bitcoins is passed forever and will never come back again. But some trading with altcoins and some pumps and dumps can give good profits, at least it is safer than gambling though.
October 03, 2015, 10:15:26 AM
I don't we are in the category of late adopters nor are we the early adopters. Considering the price right now in 2015, 240 is still considered cheap as some sizeable fund can still get you a lot of bitcoin. But we are not considered early as well. The biggest luxury enjoyed by the early adopters is the low mining difficulty part.
During the dark days of 2012, there were several times where it made much more sense to buy coin vs mine it, even at those low difficulties. Obscurity and death by irrelevance was quite palpable then. Almost sounds familiar, but back then we had the soothing salve of being unknown to the cruel outside world.
Yep, usually it has been better to buy than mine.
I was mining through late 2010 and most of 2011 - CPU for 1 block, then GPU for ~15 blocks. Even back then people were saying it made more sense to buy BTC than mine it, and they were right. The amount of money I spent on a GPU I could have bought 400 BTC and avoided any increase in electricity costs. Instead I mined 800 BTC and sold most of them to pay for electricity (and the GPU). It was a useful experience - I learned a huge amount about Bitcoin in general, and mining in particular - but it wasn't the most cost-effective way to obtain BTC!
Difficulty was much lower back then, but so was BTC/USD.
October 03, 2015, 09:42:40 AM
I don't we are in the category of late adopters nor are we the early adopters. Considering the price right now in 2015, 240 is still considered cheap as some sizeable fund can still get you a lot of bitcoin. But we are not considered early as well. The biggest luxury enjoyed by the early adopters is the low mining difficulty part.
During the dark days of 2012, there were several times where it made much more sense to buy coin vs mine it, even at those low difficulties. Obscurity and death by irrelevance was quite palpable then. Almost sounds familiar, but back then we had the soothing salve of being unknown to the cruel outside world.
Yep, usually it has been better to buy than mine.
October 03, 2015, 01:40:33 AM
I don't we are in the category of late adopters nor are we the early adopters. Considering the price right now in 2015, 240 is still considered cheap as some sizeable fund can still get you a lot of bitcoin. But we are not considered early as well. The biggest luxury enjoyed by the early adopters is the low mining difficulty part.
During the dark days of 2012, there were several times where it made much more sense to buy coin vs mine it, even at those low difficulties. Obscurity and death by irrelevance was quite palpable then. Almost sounds familiar, but back then we had the soothing salve of being unknown to the cruel outside world.
October 03, 2015, 01:00:52 AM
I don't we are in the category of late adopters nor are we the early adopters. Considering the price right now in 2015, 240 is still considered cheap as some sizeable fund can still get you a lot of bitcoin. But we are not considered early as well. The biggest luxury enjoyed by the early adopters is the low mining difficulty part.
October 03, 2015, 12:20:49 AM
IMO we are innovators. Bitcoin is still difficult to use and there are only few users. The technology is still being built.
October 02, 2015, 11:49:25 PM
People say we missed the train... but yet most people don't understand what bitcoins are let alone even know about it, and its still in it's early stage. Some say it has potential to increase in value 1000x more... but some say that will never happen. So do you guys think people who invest now are still the "early adopters"? Why can't I ever be a part of explosive gains?? 
early adopters?
for me i dont think so that we are still early adapters.
since for me i can say you are early adapters when you buy
or get you btc when it is only below $100.
but even saying this.. i think bitcoin prize as of today is
still immature. but this is only my speculation.
so still goodluck to us.
October 02, 2015, 11:39:31 PM
Where are we now on this curve 
November 25, 2013, 08:44:13 AM
great thread. great curves. thank you.
we have reached now the market cap of rovio.
they are the inventors of a similar breathtakingly disruptive technology :
fkn ANGRY BIRDS
please note:
we are in the earliestpossible stage of "early adoption"
we have reached now the market cap of rovio.
they are the inventors of a similar breathtakingly disruptive technology :
fkn ANGRY BIRDS
please note:
we are in the earliestpossible stage of "early adoption"
November 25, 2013, 08:10:15 AM
Nice chart but are you sure buddy? It looks like we're finishing the early majority phase and going down hill for a while 
It looks to me like the market want's to correct for a while, but whether entrants now are early adopter's or late adopters all depends of course on what is to become of Bitcoin. As far as 'early innovators' go, that point has well and truly past. It was the point where probably most of us thought "that sounds interesting, I am going to mine a few coins on my gfx card" or even, "I am going to invest 1000GBP in Btc, but at over 7 GBP per coin, I am going to wait in the price to drop, in the meantime, I will just spend hundreds of Btc on SR"
If Bitcoin goes on to receive mass adoption, we here would definitely be amongst the early adopters. For that to happen though, price must stabilise and for price to stablize, this mass speculative bubble must surely correct, hopefully over an extended period. Thus encouraging people to spend their Bitcoins other than hoarding them. The last thing that Bitcoin needs however is yet more flash crashes or massive price spikes.
Just to nitpick, how can you be at the "bottom" of an exponential curve? One of the features of an exponential curve is that it looks like this no matter how you scale it. Technically you can just show that we are in an exponential curve, somewhere. The graphs gives you no information about how long it's going to continue.
(Not being bearish here, just anal.)
(Not being bearish here, just anal.)
Could have used the same argument based on exponential curves back in April 2013 and also in July 2011.
Now April 2013 looks like a small blip on the exponential rise, whereas July 2011 barely registers.
November 25, 2013, 07:33:35 AM
Sigh. Why do I keep reading speculation forum, same shit over and over again.
November 25, 2013, 03:28:15 AM
The number of bitcoin "users" , people who actually buy and sell things with bitcoin has barely doubled in the last year.
The whole blockchain holds 27 mil transactions , 1/5 of visa's daily transactions.
It's still the begging.
The whole blockchain holds 27 mil transactions , 1/5 of visa's daily transactions.
It's still the begging.
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