Altcoins have potentials, NXT is one of the ones .
Isn't NXT pre-mined? I agree with you about altcoins, the altcoin market could boom in the next 5 years but beware of scams.
Topic: Do you think we'll look back on bitcoin and think that it grew amazingly fast? - page 2. (Read 3440 times)
April 24, 2015, 01:54:11 AM
Isn't NXT pre-mined? I agree with you about altcoins, the altcoin market could boom in the next 5 years but beware of scams.
April 24, 2015, 12:50:33 AM
Altcoins have potentials, NXT is one of the ones .
April 24, 2015, 12:38:19 AM
I don't need to look back further than the last 4-5 years to know it's grown insanely fast. It seems like yesterday that Roger Ver had the only brick n mortar store in the world that accepted Bitcoin and I was mining 20-25 coins a day with only GPUs. Now I can walk around the city and spend my coin at a bunch of places and you need warehouses full of special equipment to mine any substantial amount of Bitcoin. We've gone from a handful of nerds playing with a new technology to a world full of (almost) normal people using it to buy real products online and in stores. I remember being so excited when Jeremy (from SpendBitcoins) started selling Amazon gift cards. I remember showing my wife my first Amazon purchase for Bitcoin and proving to her it was real money. Before that she wanted to have me committed for turning our garage into, as she called it, a box fan and video card storage room. lol If you told me overstock.com and Microsoft would accept Bitcoin 4 years ago I would have thought you were nuts. It's been crazy fast.
April 23, 2015, 09:56:15 PM
Considering that we are changing the concept of currency and commerce as ingrained and known to man for centuries, I'd say Bitcoin is moving very fast.
April 23, 2015, 08:36:33 PM
I had heard about the metoric rise of bitcoin, and then some time later I got into bitcoin. I had thought the meteroic rise was years back, but when i checked thegraphs, it was only a year, and it was worth 5$ only a year before that. I think we are moving incredibly fast.
April 23, 2015, 06:41:00 PM
IMO, the major waves of bubble are always planned and driven by institutional traders, now after MTGOX went down, and chinese exchanges heavily restricted, where should these whales drive the next wave? Bitfinex might be the right place to look at, but they are still too young to facilitate a 100x speculative bubble
April 23, 2015, 04:56:35 PM
I believe it really depends on where we are going right now. Is this whole thing fizzles out we will see it as a spectacular experiment which went wrong in the end. Nevertheless it will be a very interesting thing having been part of this all. If we continue to go up though, I believe the rise will look quite spectacular in retrospect.
April 23, 2015, 04:04:09 PM
I believe we're moving quite fast, even though it's clear that facebook grew faster.
April 23, 2015, 03:54:57 PM
In my opinion, the technology is moving fast but the acceptance of Bitcoin and cryptocoin in common stuck. I guess it needs a new good reason for most people to think about an alternative like a new financial crisis.
I don't think the acceptance of Bitcoin is stuck. It's a new kind of technology with the potential to change the current financial system.
Acceptance and adoption will take time. At this point several fiat currencies are heaving severe problems, that will make people search for alternatives.
April 23, 2015, 02:06:28 PM
Right now, it seems like bitcoin is moving slowly. Winklevoss ETF is in regulatory hell. GBTC sits there (not trading) with <100 BTC in bids. Still few places in your average city where you can use bitcoin. Remittances are not really catching on as fast as we thought.
But in reality, bitcoin in 2013 was 100% amateur bullshit. Alpaca socks, Mark Karpeles, friedcat, and DPR.
It's really hard for me to decide whether we're moving fast or slow.
But in reality, bitcoin in 2013 was 100% amateur bullshit. Alpaca socks, Mark Karpeles, friedcat, and DPR.
It's really hard for me to decide whether we're moving fast or slow.
i love you dude
- very wise words.in my view we are moving fast and i love to watch it.
April 23, 2015, 01:04:37 PM
i guess the peak rise of Bitcoin was a great factor and the slow rate of the coin in recent times
April 23, 2015, 12:35:54 PM
In my opinion, the technology is moving fast but the acceptance of Bitcoin and cryptocoin in common stuck. I guess it needs a new good reason for most people to think about an alternative like a new financial crisis.
April 23, 2015, 11:06:30 AM
These 2 charts always seem to put my mind more at ease and put things in perspective:
Just a matter of time...
Just a matter of time...
Indeed, all the indicators show clear progress. The price is still way up compared to when it launched, which was worthless. And the price when something is this new (and 5 years is still new, we are still at 0.1 version) is going to be crazy.
April 23, 2015, 10:32:44 AM
These 2 charts always seem to put my mind more at ease and put things in perspective:
Just a matter of time...
Just a matter of time...
April 23, 2015, 10:01:43 AM
not really, 6 years... ism't that fast, and still there is a long way to go before bitcoin will see its fully potential, we are like at 10% max(not talking about price here)
We are at ~0.1% of adoption potentialprobably you are right(maybe a bit more, like 0.1-0.5 range), i overestimated it deliberately, because i wasn't sure about the right percentage, but my % is based on everything not just adoption or price, but also the technology around bitcoin
April 23, 2015, 09:55:21 AM
not really, 6 years... ism't that fast, and still there is a long way to go before bitcoin will see its fully potential, we are like at 10% max(not talking about price here)
We are at ~0.1% of adoption potential April 23, 2015, 09:43:56 AM
Compared to other popular digital goods it's growing very slow, but bitcoin is innovating money as a whole and when it comes down to that it has to compete and deal with strong corrupt companies, governments, banks, payment processors etc. and compared to these guys it's growing super fast.
April 23, 2015, 09:33:51 AM
not really, 6 years... ism't that fast, and still there is a long way to go before bitcoin will see its fully potential, we are like at 10% max(not talking about price here)
April 23, 2015, 09:00:41 AM
I don't know what to say but gut feeling tells me that if it really takes off, it will go up extremely fast. But right now even though there is growth, it could be less noticeable no thanks to the slump in price and a bunch of scam exchangers and ponzi schemes riding on the popularity of bitcoin and took opportunity of it. Just relax, the ETF is in the pipeline for sometime now and last I heard it needs to sort out with the regulatory issue. It will be there.
April 23, 2015, 08:56:05 AM
Yes. I am shocked at how quickly this is all happening. The growth I have seen in the past 5 years I thought would take 10-15 years.
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