bitcoin is not a product. its a category/industry/utility
people can get bored of pokemon cards. but bitcoin is not some silly childs trendy thing based on a tv show
bitcoin is economic medium. not a childs toy
Topic: The Life Cycle of Bitcoin - page 2. (Read 288 times)
During my high school days, I was taught that products have a life circle. For every product, must follow below life cycle.
1. Introduction Stage: This is the first phase when the product is introduced in the market. This stage is characterized by much spending in promotion of the product, to make it acceptable in the market.
2. Growth Stage: At this stage, people have understood the concept of the product and start to buy it. Sales increases very well at this stage.
3. Maturity Stage: At this stage the product sales begin to decline, because it has started having many competitors or experiencing low demand.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned.
Now, trying to relate the above to BTC.
Is BTC at the introduction stage? I asked because there are still campaigns promoting BTC and BTC is not yet generally accepted by all.
Is BTC in growth stage? I asked because in past few years we have experienced improved sales of BTC.
Is BTC in maturity stage? I asked because after the recent dip in BTC it seems it's sales has reduced and there are altcoins too that are competing with BTC.
But I am very sure BTC is not in Decline Stage.
1. Introduction Stage: This is the first phase when the product is introduced in the market. This stage is characterized by much spending in promotion of the product, to make it acceptable in the market.
2. Growth Stage: At this stage, people have understood the concept of the product and start to buy it. Sales increases very well at this stage.
3. Maturity Stage: At this stage the product sales begin to decline, because it has started having many competitors or experiencing low demand.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned.
Now, trying to relate the above to BTC.
Is BTC at the introduction stage? I asked because there are still campaigns promoting BTC and BTC is not yet generally accepted by all.
Is BTC in growth stage? I asked because in past few years we have experienced improved sales of BTC.
Is BTC in maturity stage? I asked because after the recent dip in BTC it seems it's sales has reduced and there are altcoins too that are competing with BTC.
But I am very sure BTC is not in Decline Stage.
In your study of Product life cycles, I hope they taught you that the average product life cycle is ~10 years.
BTC born in 2010, so 11 years old, past the age of collapse for most products.
New Phase is beginning of Government Banning of said bitcoin product,
if Bitcoiners don't find a way to stop the increasing bans due to their global energy waste,
then we will be in the decline cycle with a very fast ride on the way down.
If I were you, Check out Cardano and it is a New 3rd Generation Blockchain product
It solved the energy efficient issue
It solved the onchain transactions issue
It has capabilities Bitcoin can't even dream of.
It product cycle is just beginning.
FYI:
The thing Bitcoin needs to stay out of the decline stage is a design change to PoS,
but bitcoiners are refusing to evolve, so a permanent decline to $0 is possible.
Ethereum is evolving by switching to PoS design, so their product cycle will be continuing .
Imo, I don't think that bitcoin is a product. So it will not follow the product life cycle. Bitcoin is an asset. It will not decline. More and more people will continue to have and keep bitcoin for themselves by so the value will continue to increase as time goes. Just like gold, as the life cycle will not work for gold, so also it will not work for bitcoin
Is BTC in growth stage?
Yes, we are in Bitcoins growth stage and will be until all Bitcoin is mined. Even though
Bitcoin is designed to be deflationary it is still growing until all is mined at a slower
rate every 4 years.
We could also argue that running beside the growth stage is also the maturity stage,
this comes with adoption when more and more people realise the power of BTC
These product life cycle stages are based on a physical product and was formulated ages back when probably the concept of internet didn't exist. So I don't think Bitcoin will follow similar pattern of the lifecycle of a physical product.
The concept of bitcoin is very new and not a lot of people are aware of it. So I would say bitcoin is at introduction stage as of now. Growth is yet to be seen. What we are seeing is just a tip of the iceberg.
The concept of bitcoin is very new and not a lot of people are aware of it. So I would say bitcoin is at introduction stage as of now. Growth is yet to be seen. What we are seeing is just a tip of the iceberg.
Is BTC at the introduction stage? I asked because there are still campaigns promoting BTC and BTC is not yet generally accepted by all.
the ongoing recognition stage does not mean the initial stage is continuous, but the expansion stage. because the introduction is sufficient at the beginning and the introduction of the second, third and so on into the expansion wave.
Is BTC in growth stage? I asked because in past few years we have experienced improved sales of BTC.
That's right, because from day to day BTC will continue to grow as greater adoption shows massive and very significant growth.
Is BTC in maturity stage? I asked because after the recent dip in BTC it seems it's sales has reduced and there are altcoins too that are competing with BTC.
at this point, you should be able to distinguish which one is called a fall, and which one is called a correction. because in principle a falling trade indicates that it may not necessarily go up, while a correction is a pattern or cycle that will occasionally increase again.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned.
this is not a guaranteed stage and almost 99% of things you see in the world that are useful never have this stage. for example when paper money was created it took all the first 3 steps and then entered the "thriving stage" as it was mass adopted and used everywhere. the same was repeated when the same paper money became digital when digital banking started.
now it is all being repeated with introduction of bitcoin and after mass adoption we will enter "thriving stage" where bitcoin stays stable and continues working for decades to come.
In mathematics or even in science, we see such maps of a predictable event. When we are talking about Bitcoins I do think we will see many possibilities of seeing algorithms which are impossible to predict or even put on the maps.
- we also have to recognize the power the whales have over the whole system and then go forward with that
- we have to see the price chart also , which could show us the growth and it's not consistent, it's not a hyperbola or even a straight line.
I do think for Bitcoins we are in the "understanding" phase. Where people are trying to connect the dots and at the same time learning about it. Where government is keen on taxing Bitcoins but on the same hand banning it. It can't be defined be any of these parameters.
- we also have to recognize the power the whales have over the whole system and then go forward with that
- we have to see the price chart also , which could show us the growth and it's not consistent, it's not a hyperbola or even a straight line.
I do think for Bitcoins we are in the "understanding" phase. Where people are trying to connect the dots and at the same time learning about it. Where government is keen on taxing Bitcoins but on the same hand banning it. It can't be defined be any of these parameters.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned. .
The days that will not come, or the days that will take centuries to come. Bitcoin is deflationary, people will like to hold and you will see all-time-high. Just see it as the digital gold. 
During my high school days, I was taught that products have a life circle. For every product, must follow below life cycle.
1. Introduction Stage: This is the first phase when the product is introduced in the market. This stage is characterized by much spending in promotion of the product, to make it acceptable in the market.
2. Growth Stage: At this stage, people have understood the concept of the product and start to buy it. Sales increases very well at this stage.
3. Maturity Stage: At this stage the product sales begin to decline, because it has started having many competitors or experiencing low demand.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned.
Now, trying to relate the above to BTC.
Is BTC at the introduction stage? I asked because there are still campaigns promoting BTC and BTC is not yet generally accepted by all.
Is BTC in growth stage? I asked because in past few years we have experienced improved sales of BTC.
Is BTC in maturity stage? I asked because after the recent dip in BTC it seems it's sales has reduced and there are altcoins too that are competing with BTC.
But I am very sure BTC is not in Decline Stage.
1. Introduction Stage: This is the first phase when the product is introduced in the market. This stage is characterized by much spending in promotion of the product, to make it acceptable in the market.
2. Growth Stage: At this stage, people have understood the concept of the product and start to buy it. Sales increases very well at this stage.
3. Maturity Stage: At this stage the product sales begin to decline, because it has started having many competitors or experiencing low demand.
4. Decline Stage: Everything that has a beginning has an end. At the stage sales deteriorate drastically. And the product will phase off the market unless the product is redesigned.
Now, trying to relate the above to BTC.
Is BTC at the introduction stage? I asked because there are still campaigns promoting BTC and BTC is not yet generally accepted by all.
Is BTC in growth stage? I asked because in past few years we have experienced improved sales of BTC.
Is BTC in maturity stage? I asked because after the recent dip in BTC it seems it's sales has reduced and there are altcoins too that are competing with BTC.
But I am very sure BTC is not in Decline Stage.
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