we are in phase 3(venture capital) stage, next is wallstreet then mass adoption

[trizma]

According to Barry Silbert ... phase 4(wallstreet) is expected this year then phase 5 - global mass adoption in 12-24 months   ... continue holding

The Evolving Digital Commerce Ecosystem (Warden, Barhydt, Hill, Silbert) - Exponential Finance 2014
http://www.youtube.com/watch?v=UIPvQ1_pvGs

[1714817383]

1714817383

[exocytosis]

Global mass adoption is at least five years away, if it ever comes. I doubt it. You'd need a reliable, user-friendly infrastructure for something like that to occur. And the Average Joe would need incentives to acquire and use BTC.

[exocytosis]

Last year Silbert said phase 4 would begin in January 2014.

Silbert is nothing but a crook talking his book. Don't listen to that charlatan.

We might see prices of $800 next year, if we're lucky.

[Biodom]

And the Average Joe would need incentives to acquire and use BTC.

http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/
http://www.reddit.com/r/Bitcoin/comments/2arinq/save_10_at_newegg_by_using_bitcoin/
http://www.techtimes.com/articles/10854/20140722/dell-now-accepting-bitcoin-as-payment-discount-on-alienware-products.htm

is 10% LESS not a discount for you? Crowds are running over each other on black friday at walmart.
if you use coinbase to pay, you can replenish your btc at the end of the transaction.

[Elwar]

Phase 6....

da moon

[Elwar]

And the Average Joe would need incentives to acquire and use BTC.

http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/
http://www.reddit.com/r/Bitcoin/comments/2arinq/save_10_at_newegg_by_using_bitcoin/
http://www.techtimes.com/articles/10854/20140722/dell-now-accepting-bitcoin-as-payment-discount-on-alienware-products.htm

is 10% LESS not a discount for you? Crowds are running over each other on black friday at walmart.
if you use coinbase to pay, you can replenish your btc at the end of the transaction.

At least 10% off of all Amazon purchases at purse.io too.

[addroup]

I can't believe in those predictions, there are too many and too different from each other.
I think that the value will rise in the future but I don't know if it will hit the new ATH in 2014 - 15 or never.

[Hunyadi]

I can't believe in those predictions, there are too many and too different from each other.
I think that the value will rise in the future but I don't know if it will hit the new ATH in 2014 - 15 or never.

[itsAj]

And the Average Joe would need incentives to acquire and use BTC.

http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/
http://www.reddit.com/r/Bitcoin/comments/2arinq/save_10_at_newegg_by_using_bitcoin/
http://www.techtimes.com/articles/10854/20140722/dell-now-accepting-bitcoin-as-payment-discount-on-alienware-products.htm

is 10% LESS not a discount for you? Crowds are running over each other on black friday at walmart.
if you use coinbase to pay, you can replenish your btc at the end of the transaction.

At least 10% off of all Amazon purchases at purse.io too.

You have a lot of risks when using purse.io to buy things with BTC. If the person on the other side of the transaction is using a stolen credit card then you would, at the very least be looked at for credit card fraud, and could potentially be charged with using a stolen credit card.

[ShroomsKit]

Wallstreet is getting in again? How many times now already?
Yet the price keeps dropping.

[bitebits]

Wallstreet is getting in again? How many times now already?
Yet the price keeps dropping.

Translated: I did not watch the video but just like to make random FUD posts.

[TheNewAnon135246]

All we can do is wait and see. I'm curious to see what eBay and Paypal adoption will do to the price.

[bassclef]

It's like an echo chamber from last year, and the year before that.

If the train takes off this year it will snowball upward so quickly you'll wish you had access to $500 coins.

[thefunkybits]

I have a feeling we're going to see a surge of gold bugs get into crypto when they see us starting getting closer to $1000 again

If you listen near the end of this talk Rubino starts talking about BTC as being complementary to gold as a wealth transfer system. (Keep in mind these are gold bugs who admittedly are still suspicious of Bitcoin yet are still willing to support it)

https://www.youtube.com/watch?v=x6-4uSJYneM

There's alot more money waiting on the sidelines than we think  

[AceWallen]

There's alot more money waiting on the sidelines than we think  

this is probably true, but how will it enter the market? when? i don't think most investors -- even retail investors -- have any interest into putting money on these exchanges, especially after Gox. we need the ETF.... and that could be a while.

[Hunyadi]

There's alot more money waiting on the sidelines than we think  

this is probably true, but how will it enter the market? when? i don't think most investors -- even retail investors -- have any interest into putting money on these exchanges, especially after Gox. we need the ETF.... and that could be a while.

Maybe services like Circle will help them. I got the invite but because I don't have US-bank account, I can't really test it.

[giveBTCpls]

I have a feeling we're going to see a surge of gold bugs get into crypto when they see us starting getting closer to $1000 again

If you listen near the end of this talk Rubino starts talking about BTC as being complementary to gold as a wealth transfer system. (Keep in mind these are gold bugs who admittedly are still suspicious of Bitcoin yet are still willing to support it)

https://www.youtube.com/watch?v=x6-4uSJYneM

There's alot more money waiting on the sidelines than we think  

Yup, 1K is the magic moment of trust solidification. People will realize no matter how bad things may seem, the big picture is UP and they will all rush to get in before it goes higher. The Wall Street and big Gold holders will get in sky rocketing the price, then the boat missers (mainstream) will try to get in in smaller amounts as well.

[Justine]

There's alot more money waiting on the sidelines than we think  

this is probably true, but how will it enter the market? when? i don't think most investors -- even retail investors -- have any interest into putting money on these exchanges, especially after Gox. we need the ETF.... and that could be a while.

The money can bet on either direction and not just long as most users here assume.

[botany]

There's alot more money waiting on the sidelines than we think  

this is probably true, but how will it enter the market? when? i don't think most investors -- even retail investors -- have any interest into putting money on these exchanges, especially after Gox. we need the ETF.... and that could be a while.

Companies in the bitcoin economy are probably making more money than bitcoin holders. 

[Chris_Sabian]

According to Barry Silbert ... phase 4(wallstreet) is expected this year then phase 5 - global mass adoption in 12-24 months   ... continue holding

The Evolving Digital Commerce Ecosystem (Warden, Barhydt, Hill, Silbert) - Exponential Finance 2014
http://www.youtube.com/watch?v=UIPvQ1_pvGs

It will probably be much longer than 12-24 months.  New technology is hard to get the public to understand.  Start-ups need time to educate the public and get them on board.