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Topic: if you are just investing in Bitcoin now, you're an early adopter or innovator - page 2. (Read 2573 times)

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
its still very early.  You think $2500 is nice? You ain't seen nothing.

to the moon!

I think we are near the end of the early adopter stage and nearing the early majority, but this is on a general basis
Some places are well into Bitcoin adoption some other countries are way behind.
In cryptocurrencies in general though I lean towards innovator in the adoption scale people who use it and early adopter in the awareness and reach, although news about Wannacry and other things make it so a lot of people are aware they don't remember it for the most part hence my rationale.
sr. member
Activity: 854
Merit: 250
One of the few times that I agree with OP, we are still at the very early stages of Bitcoin, and we can call ourselves innovators or early adopters at least.
If you haven't done it already, ask your friends and relatives if they are aware of Bitcoin.I bet that only a few of them have heard about it, and the number of the people who use it is even smaller (about 2-5% in my case).
sr. member
Activity: 1316
Merit: 356
If I invest in bitcoin right now, I am an innovator because I already have an experience in bitcoin so i'm not new to bitcoin or I'm not a beginner so maybe you can't call me an early adopter and maybe you could call me now an innovator because I invest money on bitcoin which can affect bitcoin.
sr. member
Activity: 630
Merit: 267
Just follow the rules
Im on Early Majority since I just took bitcoin seriously. I know bitcoin since when it has just 500 usd but again I didnt take it seriously. I just got interested when I saw that it surpass the value of 1000usd this january and I started my action on that point. researched all the details and at that point I also got interested on investing on altcoins hence I got plenty of xem and some ripple.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
Its a good sign that its not too late to invest in bitcoin now. The price is just warming up and investors can expect a lot more some says too early to give up. Bitcoin will not only take us to moon but all over the universe.
hero member
Activity: 887
Merit: 516
Bitcoin OG

In other terms if Bitcoin were to reach just 10% of the market capitalization of what people are doing on the foreign exchange - would be talking trillions worth in USD. Also consider that the foreign exchange itself grows and population rise is not slowing down either. Once we start talking about more and more people on the internet with technological growth - woooo - as some people might say this is "just the tip."
legendary
Activity: 1302
Merit: 1027
In my view i am with OP that we are now really in innovators period because still their is only 10% of the population know about bitcoin and think when 50% of them start to use then the price will be unimaginable so it is clear that we are in innovators period.
hero member
Activity: 821
Merit: 501
I am with bitcoin since 2009 I have a wallet with many bitcoin that time price was very low.I was trying to sold my bitcoin but no one was interested to buy my bitcoin.I was careless and for get my wallet.2012 when price was $1200 I was trying to recover my wallet but I could not find anything to recover my wallet.I was missed to take profit again and again.I think will also I missed that chance. Grin
hero member
Activity: 2184
Merit: 531
I went in when it was at $800 and I thought I came late to the party, but the party hasn't even begun. You're right about these prices. If Bitcoin can double in value in a month it can do it again in a year with ease. I'm sure we're not even half way into the final prices, that is if Bitcoin can survive for another 2-3 years.
hero member
Activity: 546
Merit: 500
Is everyone on this thread out of their mind?  The number of unique Bitcoin addresses used per day is around 500,000.  If we're very optimistic, that could be a few million active users and potentially some HODLers or traders as well.

That would put us at about 0.1% (absolutely right at the start of the innovator phase) max, if we assume that Bitcoin will actually match that adoption curve.

Stop thinking about things based on what you see today and assuming that everyone is into crypto just because you are.  Nearly no one actually is - many have heard of it but very few have got involved.

I'm probably wrong, but I do feel that quite a reasonable amount of people has seen Bitcoin at least once and many of them are actually using or have used it. Comparing to a few years back, mainstream interest is much bigger. We see many "newbies" asking for input and tutorials on how to buy and transact comparing to previous years. Thus why I wrote what I wrote.
The number of active users on the forum is around 100,000 ("active" being users who were created more than 30 days ago and logged in within the last 30 days - theymos' info from this thread.  Considering that this is by far the biggest and most relevant Bitcoin forum, that should be a telltale sign.  Furthermore, it seems unusual that something with over 13.5% of the population using it would have a specific forum for discussion about it - you can't really imagine a "fiat forum".

Many people have heard of and seen Bitcoin, but whether this means that they use it is completely different.  And when we see "mainstream coverage" we focus on it too much and overestimate its power, just because we're into Bitcoin already.

Quote from: unamis76
Regarding blockchain technology and how we conduct transactions using it... If we look at it from that perspective, then we're at the Innovators stage Wink

Don't know why you just suggested the opposite then.

I don't see why my post suggested the opposite? Blockchain technology and how we transact using it is very, very different from Bitcoin. They're two things in their own.
All users of Bitcoin are users of blockchain technology, because Bitcoin is blockchain technology.  Therefore it's impossible for the number of users of blockchain technology to be fewer than the number of Bitcoin users.
legendary
Activity: 1288
Merit: 1087
i think we're still at the start of the early adopters phase.

anyone coming out with late majority, go climb a mountain and get some perspective. that's ridiculous.
legendary
Activity: 1512
Merit: 1012
Is everyone on this thread out of their mind?  The number of unique Bitcoin addresses used per day is around 500,000.  If we're very optimistic, that could be a few million active users and potentially some HODLers or traders as well.

That would put us at about 0.1% (absolutely right at the start of the innovator phase) max, if we assume that Bitcoin will actually match that adoption curve.

Stop thinking about things based on what you see today and assuming that everyone is into crypto just because you are.  Nearly no one actually is - many have heard of it but very few have got involved.

I'm probably wrong, but I do feel that quite a reasonable amount of people has seen Bitcoin at least once and many of them are actually using or have used it. Comparing to a few years back, mainstream interest is much bigger. We see many "newbies" asking for input and tutorials on how to buy and transact comparing to previous years. Thus why I wrote what I wrote.

I know many people aren't into crypto (at least I don't personally know anyone who is). However we've got quite a lot of people online interested. Besides, we're way past the time when Bitcoin was "the new thing".

Quote from: unamis76
Regarding blockchain technology and how we conduct transactions using it... If we look at it from that perspective, then we're at the Innovators stage Wink

Don't know why you just suggested the opposite then.

I don't see why my post suggested the opposite? Blockchain technology and how we transact using it is very, very different from Bitcoin. They're two things in their own. Bitcoin will probably be insufficient in the future for worldwide usage. New coins will cease being issued around 2140 as per estimations. Bitcoin also has a scaling issue that we can't solve in a future proof way, at least for now. The possibility of Bitcoin evolving so much that it we won't be able to call it Bitcoin anymore or the possibility of having to replace it has been discussed in the community for years. What if something bigger and better than Bitcoin comes in 20 years? Pretty much nothing is eternal, and Bitcoin will likely die somewhere in the distant future. However, the idea of a blockchain will remain and the idea of money free from government control will too. So yes, we are at an infant stage of blockchain technology and its money transacting capabilities, in my opinion.
sr. member
Activity: 392
Merit: 250
Nicely depicted! Yes, we are still in range of 'innovatory' and $2500 is surely not the best of bitcoin.
Now we are talking of the time where bitcoin is being accepted legally in few major countries and soon will be legally transit in 90%+ countries of the world. So we can easily expect bitcoin to be $10,000 soon. So here we are all among that top 1% population comprising btc investors. If we don't gonna be fix atm, we may loose big in future.
legendary
Activity: 1372
Merit: 1252
It depends on how good august goes with UASF-NYCfrankensegwit camps fighting... if we can reach an agreement backed by Core devs, $100,000 is on sight in the next decade.

If we fuck it up and bitcoin hardforks into two coins, it's pretty much over, we'll go back in time several years. Nobody is going to trust bitcoin as a store of value if it can hardfork.

So if hopefully Jihan Wu and the big blocker loons cooperate, we may have a good outcome.
hero member
Activity: 546
Merit: 500
Seems to me a bit too much optimistic to assume we're in the Early Adopter stage... However we're probably still in the Early Majority phase.
Is everyone on this thread out of their mind?  The number of unique Bitcoin addresses used per day is around 500,000.  If we're very optimistic, that could be a few million active users and potentially some HODLers or traders as well.

That would put us at about 0.1% (absolutely right at the start of the innovator phase) max, if we assume that Bitcoin will actually match that adoption curve.

Stop thinking about things based on what you see today and assuming that everyone is into crypto just because you are.  Nearly no one actually is - many have heard of it but very few have got involved.

Quote from: unamis76
Regarding blockchain technology and how we conduct transactions using it... If we look at it from that perspective, then we're at the Innovators stage Wink
Don't know why you just suggested the opposite then.
legendary
Activity: 1512
Merit: 1012
Seems to me a bit too much optimistic to assume we're in the Early Adopter stage... However we're probably still in the Early Majority phase.

Regarding blockchain technology and how we conduct transactions using it... If we look at it from that perspective, then we're at the Innovators stage Wink
legendary
Activity: 1232
Merit: 1005
There is no way to know for sure where we are now in the bell curve. Only hope
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
I'm in Bitcoin since 2013 but I don't think I'm early adopter, although I wish I was. If you look at situation now like this is only the begininig of the big price rise then is still not to late to join the Bitcoin world. You have all the good chances to make the profit so don't miss the opportunity to make your life better.
sr. member
Activity: 619
Merit: 250
I have joint the bitcoin world for more than 1 year and I think that I am a person who likes to learn new thing and live to make money. Well, honestly, we all love money, right? that is why we come here together
hero member
Activity: 1470
Merit: 655
what else is new!
i have been hearing this each year when price rises. people get excited and start singing the early adopter songs and to the moon ones and each time there is someone who says some random number and calls it the top.
it was $500 2 years ago then it was the old ATH of $1200 and now the $2700 and will continue on.

and all of them always forget that bitcoin is still tiny. we have not yet even started the early adoption phase Wink
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