Topic: Is this so simple? (Read 704 times)
That is a 'hype' chart not a price chart remember, it is interesting, as soon as BTC stops being 'hype' and becomes a widely accepted digital currency we will all be sitting pretty.
The chart seems to reflect technologies that can be reproduced limitless or near-limitless times. New softwares, computers, services, etc.
Bitcoin is deflationary. If 30% of the potential population became 'adopters', we'd reach a point where thousands of people could become millionaires overnight... which would set off a brand new buzz/bubble.
Unless I'm reading this wrong?
Bitcoin is deflationary. If 30% of the potential population became 'adopters', we'd reach a point where thousands of people could become millionaires overnight... which would set off a brand new buzz/bubble.
Unless I'm reading this wrong?
Yes that s my point. People are scared to become adopters because of the buble behaviour. So much volatility that you can t buy bitcoin on monday because you want to buy something on wednesday. You never know.
My thinking is that the current bubles will lead us to a mature market cap, but we will see for ever bubles, i mean a lot more than that we have the habit. but less important.
Altcoins are more like a lab where the future of the technologie are made.
The chart seems to reflect technologies that can be reproduced limitless or near-limitless times. New softwares, computers, services, etc.
altcoins?
The chart seems to reflect technologies that can be reproduced limitless or near-limitless times. New softwares, computers, services, etc.
Bitcoin is deflationary. If 30% of the potential population became 'adopters', we'd reach a point where thousands of people could become millionaires overnight... which would set off a brand new buzz/bubble.
Unless I'm reading this wrong?
Bitcoin is deflationary. If 30% of the potential population became 'adopters', we'd reach a point where thousands of people could become millionaires overnight... which would set off a brand new buzz/bubble.
Unless I'm reading this wrong?
http://www.zerohedge.com/contributed/2014-04-08/why-bitcoin-important
There is a compelling chart of new technologie hype.
From this chart, we know exactly where we are. Merchant Adoptions is what is really going on right now. But bitcoin is something else, something better.
We will have successive bubles while people understand exactly what they can win from this technologie and the market matures.
If we are comparing gold and bitcoin, we are doomed to have a lot of small bubles every now and then, because of the limited supply and the human psychology. Will people accept that?
That is the reason why we use fiat in the beginning. Someone stood up and told every body that he knows how to have perpetuel growth.
the article ends with Goldman Sachs IT analyst Roman Leal:
“in 2013 money transfer fees would have fallen by 90% if Bitcoin had been used. Global transaction fees at retail point of sale, meanwhile, were $260bn on over $10trn of sales. Using Bitcoin those fees fall by almost $150bn to $104bn."
Good to know
There is a compelling chart of new technologie hype.
From this chart, we know exactly where we are. Merchant Adoptions is what is really going on right now. But bitcoin is something else, something better.
We will have successive bubles while people understand exactly what they can win from this technologie and the market matures.
If we are comparing gold and bitcoin, we are doomed to have a lot of small bubles every now and then, because of the limited supply and the human psychology. Will people accept that?
That is the reason why we use fiat in the beginning. Someone stood up and told every body that he knows how to have perpetuel growth.
the article ends with Goldman Sachs IT analyst Roman Leal:
“in 2013 money transfer fees would have fallen by 90% if Bitcoin had been used. Global transaction fees at retail point of sale, meanwhile, were $260bn on over $10trn of sales. Using Bitcoin those fees fall by almost $150bn to $104bn."
Good to know
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