Topic: Where is Bitcoin in the Technology adoption lifecycle? (Read 1530 times)
Bitcoin is never going to be adopted because it's volatility de-legitimises it as a currency. All you are currently doing is trading coins between each other while screaming "UP UP UP" before it crashes again.
Full adoption means 9 billion customers, so the peak is of that curve is at 4.5 billion users. We're still far to the left on that chart.
9 million is a possible scenario I'll call it an optimistic one.But if new users stop joining the Bitcoin economy today we would have total adoption, and when analysing all the users, they would roughly fit that curve, with most of the benefit going to the first 30% of adopters.
My thought is Bitcoin is growing and as it grows so should the value, statistically speaking, Innovators Early Adaptors and some early majority generally benefit disproportionately to the late Majority and Laggards.
Given where we are in the Hype Cycle, is there value that will cause early adopters to buy in to the Bitcoin economy?
For this to be accurate, I like to append the Gartner Hype Cycle bump to the left of the chasm.
At a guess, I'd say: to the left of the chasm.
At a guess, I'd say: to the left of the chasm.
the Gartner Hype Cycle , is about hype What is happening today in Bitcoin, the Technology adoption lifecycle is about Diffusion of Innovations. and adoption over time.
Full adoption means 9 billion customers, so the peak is of that curve is at 4.5 billion users. We're still far to the left on that chart.
There is a long standing pole I started over in the economics section: https://bitcointalksearch.org/topic/where-is-bitcoin-in-the-technology-adoption-lifecycle-113606
Please vote/ update your vote - comment.
I am wanting to share the users market sentiment, also - please read the OP as there is a lot about Bitcoin there what I think is bullish.
Statistically 15% of total users are classified as Early Adopters, my question is how do you see yourself in a bigger picture?
Please vote/ update your vote - comment.
I am wanting to share the users market sentiment, also - please read the OP as there is a lot about Bitcoin there what I think is bullish.
Statistically 15% of total users are classified as Early Adopters, my question is how do you see yourself in a bigger picture?
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