bull and bear are names of the fiat market. bitcoin has its own term..
the alpaca in recognition of alpaca socks the first proper merchant to accept bitcoin
Topic: Bitcoin Misconceptions:we are in the 2nd PHASE of Bitcoin bullrun (Read 1925 times)
the original title of this topic was about early adoptors. now it seems he editied it to talk about bull runs..
bull and bear are names of the fiat market. bitcoin has its own term..
the alpaca in recognition of alpaca socks the first proper merchant to accept bitcoin
bull and bear are names of the fiat market. bitcoin has its own term..
the alpaca in recognition of alpaca socks the first proper merchant to accept bitcoin
June 21, 2014, 05:41:59 PM
2nd phase? Sure, as long as you concede that there are about 10,000 phases of logarithmic growth ahead, it's all just semantics.
June 21, 2014, 05:31:25 PM
People will always cry and moan about how they didnt get in early enough. People just cant stand loosing out on easy or free money. It's always the people who take risks that are rewarded (or sometimes not).
June 21, 2014, 05:28:29 PM
5 years later someone will revisit this thread to wonder that early adopters thought they are not early adopters 
And like we cry about not being able to ever buy thousands of bitcoins they would complain about not being able to ever buy a full bitcoin.
June 21, 2014, 05:26:03 PM
Maybe it'll see a new wave of early adopters then. I'm sure bitcoin will have reached the masses or gone bust by then though.
June 21, 2014, 05:22:50 PM
5 years later someone will revisit this thread to wonder that early adopters thought they are not early adopters
June 21, 2014, 05:14:07 PM
I agree. Were still early adopters to be honest. Maybe second stage or early adopters but were still climbing that hill.
June 21, 2014, 05:10:33 PM
Still not even 1% of the world uses bitcoin. Probably not even 1% of America.
Early phase it is.
Just because you aren't able to comprehend the full implications of bitcoin it doesn't mean bitcoin will not leave an impact. In other words just because you think bitcoin won't be worth a million dollars or more will not make bitcoin not worth it in the future.
And with future I mean within the next 5 years or so.
Early phase it is.
Just because you aren't able to comprehend the full implications of bitcoin it doesn't mean bitcoin will not leave an impact. In other words just because you think bitcoin won't be worth a million dollars or more will not make bitcoin not worth it in the future.
And with future I mean within the next 5 years or so.
June 21, 2014, 03:42:25 PM
the OP is wrong, the party hasn't even started yet.
bitcoin beats gold as money in every way.
it is more portable.
more divisible.
more durable.
more fungible (cannot be faked).
gold current market cap: 6,843,931,394,072$ (http://onlygold.com/TutorialPages/All_The_Gold_In_The_World.asp)
bitcoin current market cap: 7,698,579,253$ (https://coinmarketcap.com/)
bitcoin will be worth 6,843,931,394,072 / 7,698,579,253 = 888.986 times more than today when it replaces gold as a store of value.
that's without counting other metals such as silver and additional value from replacing paypal/visa etc...
everyone who holds bitcoin today is a very early adopter, the fact that anyone can buy bitcoin doesn't mean anything because the market penetration is still low when compared to the potential market.
and not only that but we are in a unique era in history when EVERY government currency is a fiat currency and is being printed to oblivion.
anyone who doesn't see the opportunity here to become filthy rich doesn't deserve to have any money.
bitcoin beats gold as money in every way.
it is more portable.
more divisible.
more durable.
more fungible (cannot be faked).
gold current market cap: 6,843,931,394,072$ (http://onlygold.com/TutorialPages/All_The_Gold_In_The_World.asp)
bitcoin current market cap: 7,698,579,253$ (https://coinmarketcap.com/)
bitcoin will be worth 6,843,931,394,072 / 7,698,579,253 = 888.986 times more than today when it replaces gold as a store of value.
that's without counting other metals such as silver and additional value from replacing paypal/visa etc...
everyone who holds bitcoin today is a very early adopter, the fact that anyone can buy bitcoin doesn't mean anything because the market penetration is still low when compared to the potential market.
and not only that but we are in a unique era in history when EVERY government currency is a fiat currency and is being printed to oblivion.
anyone who doesn't see the opportunity here to become filthy rich doesn't deserve to have any money.
June 21, 2014, 02:59:45 PM
Yes.
All is more simple and transparent.
not like bank that it take from 3-10 days to transfer money on an other "national" bank ...
All is more simple and transparent.
not like bank that it take from 3-10 days to transfer money on an other "national" bank ...
June 21, 2014, 02:41:31 PM
you don't just fit bitcoin into some old economic model. bitcoin models you.
June 21, 2014, 01:23:35 PM
I sure hope those initial developers, early adaptors, nerds and investors are all future billionaires.
June 21, 2014, 09:24:36 AM
I suggest you read the following discussion about early adopters, etc.
https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214
https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214
June 21, 2014, 01:55:50 AM
it depends how you define the meaning of early adopter.
My defination is : if you buy Bitcoin b4 google & amazon accept it , you are an early adopter
My defination is : if you buy Bitcoin b4 google & amazon accept it , you are an early adopter
This is exactly right in my opinion, there are a few big names that are about to accept BTC but when the very largest companies do, then what comes next?
June 21, 2014, 01:13:51 AM
"a young couple were woke up and lookd at the clock for the time, and realised it was late. they looked sadly into each others eyes that they have just missed a romantic drive to see the sunrise, they started arguing both thinking that this must be what the rest of their relationship will be like. all because they missed a romantic morning drive"
they are both 18 years old...
one day they will realise that there are 365 sunrises a year and possibly 80 years of life ahead of them.
they were not late, they have not missed anything, tomorrow is another day and there is along time ahead of them
bitcoin translation:
there have been many rises before, but you think you have missed the best rise... and now argue.. you seriously need to realise the future ahead of you, and the many fantastic rises ahead
they are both 18 years old...
one day they will realise that there are 365 sunrises a year and possibly 80 years of life ahead of them.
they were not late, they have not missed anything, tomorrow is another day and there is along time ahead of them
bitcoin translation:
there have been many rises before, but you think you have missed the best rise... and now argue.. you seriously need to realise the future ahead of you, and the many fantastic rises ahead
June 21, 2014, 01:04:18 AM
Technically speaking...the moment you get into bitcoin your an "earlier" adopter than everyone that gets into it after you :p
June 20, 2014, 11:58:55 PM
Sure, many average people have HEARD of bitcoin thanks to the bubbles and media frenzies of the past years. They know what it is (money) but they still don't really understand it or know why its necessary.
Not all of those people are rushing online to dump all their USD on Coinbase. Just like it took YEARS of receiving crap America Online CD-ROMs in the mail to get people to try out the internet, this will also take years. (5-10)
Not all of those people are rushing online to dump all their USD on Coinbase. Just like it took YEARS of receiving crap America Online CD-ROMs in the mail to get people to try out the internet, this will also take years. (5-10)
June 20, 2014, 11:08:19 PM
OP: Do you have any data to substantiate your sentiment? Or is it just a sentiment biased by your personal inability to scale numbers in your head?
June 20, 2014, 11:04:58 PM
Who knows what the fiat price of BTC is going to be, but one thing is for certain. Bitcoin is here to stayf
June 20, 2014, 10:58:22 PM
Me <------------ 0 shits given what phase I'm categorized as. Let's just Bitcoin, baby!
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