Bitcoin Forum

I am amazed how few people in the US know about bitcoin and even fewer understand it.  I work in a very technical field which allows me to travel and I am constantly surveying technical folks of all ages what they think about bitcoin.  I would say only about half of the people have even heard about it, of those about 80% of the folks say stay away or "if you can find someone to give you real dollars for bitcoin, do it!"...

I've also noticed that bitcoin does get news coverage but it is almost always buried on the major media outlet's sites.  Most major headlines are very negative so I can't blame Joe Public for shying away.

All in all, we are very early in this game and I'm excited to see opinions sway in favor of bitcoin in future months/years.

I personally think there will be an "Aha moment" whether it be a killer app or a market correction where big banks move to bitcoin as a store and the sheep will follow quickly.  Just a matter of time but the train is still in the station at this point in time.  8)

Posts like this cheer me up from the constant worry that i am very late to the game

The dot.com bubble was $7 trillion with a T.  Cryptos under $10 billion means the party hasn't even started.

you are not, go ask people around you. What BitCoin is. Most wil have no ideas.
What she wrote, that 50% people know. That is way to much.

EDIT: I reread now. She said, taht half peopel in IT knows of BitCoin, that makes more sense. But not only they will use them in 10 years, half of earth will. So even those that wil start using BitCoins 2 years from now will be early adopters.

If you are reading this in the summer of 2014, and you have any BTC, congratulations. You are an early adopter, and you will soon be rich if you choose to hold (https://www.youtube.com/watch?v=qHUPPYzzZrI).

dont be afraid, people will accept and adopt bitcoin for sure
best example is that you can buy drink in every airport in the world with bitcoin (that would be so great)
you dont need currency exchanges etc, just your phone

Here's something that might help put Bitcoin awareness into perspective:

McCormick Place Calendar of Events (http://www.mccormickplace.com/events.php)

July 2014

KCCNA Convention                                                   - Attendance:   6,000
NIKE Tournament of Champions                                  - Attendance:  15,000
AFSCME Biennial International Convention                    - Attendance:  7,000
DUB SHOW TOUR                                                    - Attendance:  8,000
The ASI Show!                                                       - Attendance:  663
Ready, Set, Teach! Summer Institute                         - Attendance:  2,200
Rock & Roll Chicago Race Expo                                  - Attendance:  40,000
The North American Bitcoin Conference                      - Attendance:  1,500
Annual RealWorld Users Conference                            - Attendance:  1,300
APWU -Biennial National Convention                           - Attendance:   2,100
Antiques Roadshow                                                 - Attendance:   6,000
Annual Meeting and Clinical Lab Expo                          - Attendance:  17,929

At least four times as many people will attend the Antiques Roadshow. Tickets are already sold out!

Very few people know about bitcoin. If someone knows, he or she just hears about it but doesn't really understand what it is. I am happy to being the early adopter.

Everything that can be something in the future have to start somewhere, but I really believe current bitcoin price $600 is something that we only can dream about after a few years.

Owning 1 whole bitcoin will be something for the elite by then. That's why I think that we're currently still early adopters.

Same. I beat myself every day for skipping Bitcoin 2 years before i really dived in. I could have been filthy rich by now...but more articles/posts like this i read, more will i get and hope that one day someone will tell me: "Yeah you were early adopter"  ;D

In the future, no one will speak of owning 1 Bitcoin, they will speak of owning X thousand Satoshis. Just as no New York City resident would speak of owning an acre of land today, but travel back in time far enough and all land in America was measured by the acre.

Instead we speak of owning tiny pieces of property such as houses or even smaller pieces called apartments or even smaller called rooms. Hell, I have heard of some cases of people renting out an attic to sleep in!
By contrast, those of us who have a private apartment with no roommates consider ourselves the lucky ones - living in relative luxury!

Owning 1 BTC today is like owning an acre of prime Manhattan real estate in 1600. The difference being that a year in Bitcoin time = 100 years in Manhattan real estate time. You won't need to wait long to get rich, folks. Just a few years at the most.

http://static3.businessinsider.com/image/5165a9a0ecad045b0d000000-600-249/djlasir.jpg

most headlines are negative? are you kidding me? in early 2013 (and before) it was like that but today its AMAZING positive !  :)

it will take years to educate the masses and we need massmedia for that too.

i love the over use of "early adoptors"..

we all know bitcoin is going exist until 2140, no one can predict how popular it will be in 2140, but it will still exist in 2140.

so lets take something else that has life for around about 100 years...IBM

in 1916 the company went public. if someone bough shares 8 years later and held them, 1 share would be worth $500k (due to share split(dilutions) over the decades).

so was the guy in 1924 a late adopter??............................. rhetorical question, the answer is purely for your own benefit

I saw the Video although I believe in bitcoin but somewhere I found this video biased , because it only talks about successful companies like Twitter , Facebook , Google.  and their S curve , but there are also so many companies out there who never grows that big. We all know bitcoin is not a company[which is in favor of bitcoin] but it will not have a similar kinda of advertising , and will be restricted in use till some killer app comes out and it will take some time to explain it to average joe + it will face many difficulties as it grows bigger. Yeah I'm hopeful for a very higher vertical curve but will it ever happen I have faith.

No we are not the early adopters! The early adopters are in year 2009. There is not such thing as early adopter in the middle of year 2014. Yes you will be rich someday if you hold your BTC, but you will not be early adopter. This name is for people who are really the ones :)
BR
Gondel

There is no company representing the Internet. Somehow it achieved stellar success without a central advertising agency. It took decades for the Internet to achieve its current level of penetration.

Exactly My point Internet took this much time to get accepted by masses simply because it has no initial support. + is bitcoin protocol is as big as internet..? it can't be because it is totally dependent of internet.

the internet is just a protocol for sending packets of information. it was companirs layered ontop of it, such as microsoft that helped by making HTML to make the information look better presented. adobe (flash) that made audio and video more presentable. google, microsoft, mozilla that made it more user friendly to see information and interact with it without even needing to know any code.

bitcoin is the same. it requires coinbase, bitbay, localbitcoins to really make bitcoin a success.. we are still at the beginning of it, new businesses are joining bitcoin that will make it more useful and more user friendly..

bitcoin has the potential to be much bigger than FB or twitter.

There are barriers to entry, so with current regulations there is some difficulty getting Bitcoin.  If you don't have a checking account, you can't get BTC from Coinbase.  In additoin, if you don't have a Visa credit card, you'll have 5 day waiting period where Coinbase may cancel your order due to "high risk."  Other options are paying 5% more at localbitcoins.  Or you can do bank transfers overseas to Slovenia (Bitstamp) or Bulgaria (Btc-e).  United States is stifling innovation in digital currency.

That is an excellent video. Thank you for sharing it. I often worry that I got in too late and missed the boat.

This is absolutely still pretty early in the game
Think Internet 1998

Maybe you are right, people can be interested but using bitcoin everyday is actually risky.
If you lose your credit card, you can block your bank account. But if you lose your phone-wallet without password or in hacker hands, its very annoying. :-X
Of course you can save your wallet with differents ways but its not clear to everyone and inconvenient.

BitCoin needs a large protection system to reassure imprudent people like my girlfriend, hah.  :D

If you lose your (old-fashioned) wallet, someone else can spend your cash. If you lose your (Bitcoin) phone-wallet without a password protecting it, someone else can spend your bitcoins. The only difference is that if you have a backup, you might be able to spend your bitcoins first, whereas with cash it's gone (unless an honest person finds your wallet and can return it to you).

You shouldn't be carrying around more unprotected bitcoins than you would cash, and for the same reasons. Since entering a long (read: secure) password on a phone is such a pain, un- or slightly-protected bitcoins will probably be the norm.

I'll give you the fact that the current credit card/financial system is great for fraud protection. But that's not really possible in a no-trust scenario like Bitcoin.

I would classify the 2009-2012 adopters the innovators.  We are in the early adoptor phase.

i'm not an early adopter.. though i did know about bitcoin in 2011 and was interested. such a shame that i didn't do anything about it until 2013, but that was all on me.

I have been using BTC for a decent amount of time, but i would in no way consider myself one of the early adopters.  I had an opportunity to be, but I did not pay as much attention as I should have.

I do agree there is a lot that is difficult to understand.   Even at this point in time, I have to admit that there is a lot of intricacies that I don't understand about the technical side of BTC

I'm also amazed at the TOTAL lack of understanding when it comes to Bitcoin.

A few days ago I met a recent graduate from Cornell University, an ivy-league school. He majored in applied economics and financial markets (or something of the sort). Anyways, I could tell by the way he spoke and his general knowledge about the world/society that he was a very smart individual. Yet when I asked him about Bitcoin, he had NO CLUE what he was talking about. His opinion on it demonstrated a complete lack of understanding.

I find this to be very interesting. How long will it take for "smart" people to take this innovation seriously? Whenever I bring up Bitcoin around my friends, they look at me like I've been sucked into some cult-ish ponzi scheme. I look forward to the day when their dollars aren't worth squat, and I can live off my Bitcoins :)

doesn't surprise me. he's young, and he came from an institutional education system. besides that, he might be adept with economics/finances, but that's not all what bitcoin is. it's economics/finances + technology.

man, in 2011 i had done my reserach and opened accounts up at mtgox and tradehill.. was that close to buying bitcoin, but then i got lazy. i remember the price was $5/btc. i was also worried that government would eventually make it illegal. in hindsight, i should have just gone for it. i knew about this site even in 2011, but didn't register since i didn't want to be a target of the NSA.

I'm looking at the charts, and it seems like we are still early adopters.

SInce about ~10 million people (Maybe) use it, less than 1% of the American population, we can still hold it and expect for a large price change in coming years.

In fact, one of the most influential think tanks said the UK should privatize their dollar and switch to cryptos, so you never know what the future may hold!

However, there will be a collapse where alts will disappear due to investors giving up on them, and even just general use disappearing, due to the fact that most are simply copies of other well-established coins.

The ones I can see surviving are BTC, LTC, DRK, and a few others, but I'm still watching those coins to be sure. But it will be coins with real innovations that will survive, not crapcoins being made everywhere.

Same here.  A friend of mine first mentioned bitcoin too me back in early 2013, really wish I would've gotten involved then.

This post cheers me up a little though and thinking about it it sorta makes sense.  If bitcoin does indeed actually ever reach a 50 or 100 billion dollar market cap (possibly more?) we are in essence still fairly early to the game.

I don't understand this perspective.  Bitcoin IS the killer app.

If Bitcoin doesn't crash, we are very early in the game since the market cap for Bitcoin is only 8 Billions, great innovations and businesses are going to be launched soon thanks to all the smart geniuses that are working building them at the moment

Someday houses may be listed in BTC.  Like a cheap house is .8 BTC and a bigger house is 1.25 BTC. :-)

If uBTC = $1.00 someday, then you'd be talking about mansions.

That would be awesome! And even until that point, we're all still earning BTC...

Yeah, anyone with about 1BTC would have $1,000,000, and so I'm sure that many people would be very happy. I'd be extremely happy at that point, all the early adopters would have made about $10,000 at least.

Heh, maybe I should stop working for BTC and start buying it...

But either way, it could keep at $600 in purchasing power, but inflation would send it to that point. But I can't predict the future, so I can't tell for sure.

It would be strange to me to work a whole month and then "only" earn 0.01 BTC even if that is a lot of purchasing power.

It's amazing that even people getting into Bitcoin today can be considered early adopters.

The really early adopters, from the Silk Road Bitcoin boom of summer 2011 or even before, or either total computer nerds and/or stoners  ;D

I'm amazed I can be called an early adopter. I got into Bitcoin in April 2014, and it surprised me I could still be called an early adopter.

What should we call the really early adopters? Like those who got in during 2012 or beforehand? They should have some special name or something.

But either way, we can still say we were the early users to everyone once the crypto boom occurs.

Yeah I guess if you are looking back at it in like 2018 or something, then getting into BTC around 2014 would be considered an early adopter, but IMO, early adopter is like 2011.   I would consider people who got into BTC in the single, and low double digits...early adopters. 

Why 2140? I saw you use that year before on some other topics (yes "we are watching you"  :D ). Is it some random number that you like, or is it actually connected to BTC in some way?

That is approximately when the last BTC will be rewarded.

Aaaah....yes...tought it was something like that. I'm guesing that THAT time is moving closer to us just like reward halfing is moving closer because of all that hash added in between diff changes.

I very much agree to this, there is plenty of potential for growth

i believe during the november 2013 peak there was some positive media attention, followed by a lot of negative media, followed by complete media silence.

Bitcoin is finaly gaining some attention although many people are too scared to invest it yet but the good thing is they know it exists, and the interest is sparked.

In a couple of years (probably not more than 3 or so) bitcoin will have lift off to a face-book like size and hunderds of thousands of new members will join daily. That wll be the point where you'd be a late adopter. Right now, we're still early adopters and maybe even innovators.

It is going to be crazy how far technology will be advanced in 2040.   I mean look how far we have come in the last 30 years.   It seems like technology is not only getting better but expanding exponentially as the years go by.   The last 20 years has produced so much more new technology than the 20 years prior

To put things into perspective here is a very bearish article from November 2011. This is just after I started buying Bitcoin http://www.wired.com/2011/11/mf_bitcoin/ (http://www.wired.com/2011/11/mf_bitcoin/) and a chart from the now defunct MTGox the largest exchange at the time. https://bitcoincharts.com/charts/mtgoxUSD#rg60zig30-minzczsg2011-11-15zeg2011-11-30ztgSzm1g10zm2g25zv (https://bitcoincharts.com/charts/mtgoxUSD#rg60zig30-minzczsg2011-11-15zeg2011-11-30ztgSzm1g10zm2g25zv) As a note to the reader the prices refer to USD per BTC not mBTC or some other subunit of BTC.

The secret here is not just being an early adopter, but managing to keep a substantial portion of one's Bitcoin say over 50% after 2 years or more.

Edit: At the time I thought I was overpaying became of these prices from 2009 only two years before. http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate (http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate).

yeah, we're reaching a point of singularity.. once or if we create enough intelligence with our computers, they might be doing the research FOR us. or maybe we'd be doing manual labor for them  :D

Let's not get silly...we do have problem with phisics you know...it's slowing down unlike times when we had 233khz than 333mhz month later etc.
Back on topic...yeah, we are still "early adopters" but i twoudlnt be bad if we were "really early" ones  ;D

Yes, but not by much.  Because when the diff changes, it will account for all the progress.

So, maybe it will bcome 10% faster or something.

Same here, except I bought my first fraction of a bitcoin in early 2014. I even signed up with Mt. Gox back in 2011 but never did anything with it.

by 2049 there will be 20,987,460 btc. but each 4 year halving will still be producing bitcoins, although dust amounts per block and only a few hundred per year, slowly dropping to dust amounts per year by 2140.. where technically no more coins or dust of coins are made after 2140.

2009: founders - bitcoin was for geeks, couldnt spend them on items
2010: initiates - starting up mtgox, alpaca socks, bitcoin pizza
2011->20?? early adoptors - new coins still being mined, new businesses starting, still not common place
20??: regular adopters - bitcoin can be accessed, bought, sold easily and by anyone, even your grandma

Exactly that's how i felt when i read that topic. I allways think that i missed something , TBH i'd love to be the first miner somehow. BTC will need couple more years to get on fire, and than the problem will be to stop it.

So you enjoy seeing people lose their asses with investments?

I'm glad to be one of the first to know about Bitcoin

Nice and clear explaination, in that case there are people who own whole countries haha

Bitcoin is kind of like a powerful new drug. A few people get turned on to it and the rush is so great - easy to use, secure, etc. They try to tell other people about it but they think its too expensive, scam...why should i buy it? Well, either listen to me now or find out for yourself later.

Sometimes i feel like rowdy roddy piper in the classic film "THEY LIVE"...you have to beat someone for a long time just to get them to wear the f*ing sunglasses!

"i'm here to chew bubblegum and buy bitcoin...and i'm all out of fiat currency."

He's talking about the natural phenomenon of exponential growth, whether that's bacteria growing, a company growing, or a technology user base growing. Not everything completes the s-curve path, which he also mentions multiple times, and acknowledges could happen to bitcoin.

If you didn't see it with 20 minutes of video and colorful graphics and shit, never mind...

Complete nonsense. Nobody knows.
Did not mind to read the rest of your post

friend told me about it in 2011 I shrugged it off as eeeh whats the point.
friend did not become rich.. so feel a little better about that heh :p
but yeah if only I had listenened.

I do know people who bought 10,000's for like next to nothing... depresses me each day it was not me.

You signed up in April 2012. Back then, 1 BTC was like what? $5? You're still an early adopter.

When I first got interested in Bitcoin and opened an account on an exchange, BTC was at $96.
I waited for it to come to $90 so that I could buy 2 full BTC with my $180 I had just transferred.

It never came down to $90, shot upwards and I was just watching it with a shock. Finally I had to buy at much much higher price.

First heard of bitcoin from wikileaks, wished I'd looked into more back then. We're still in the very early days, none of friends have a clue about crypto-currencies.

You misunderstand... The blockchain is the new technological innovation. Bitcion IS the first killer app, of many! Countless more apps are being developed right now as we speak, millions of dollars of funding being poured in to all sorts of new start-ups! An entire economy is springing up around Bitcoin RIGHT NOW! There is absolutely no doubt in my mind that this is the beginning of a new era of finance innovation.

I am bullish on Bitcoin but I fail to see wide mainstream adoption until people start to get their salaries in Bitcoins. It's something like all the geeks are already here, but for average Joe to join, things must be much much simpler. Given that + the fact there are many many considerable players in altcoin field, I'm not too confident another bubble is coming soon...

Maybe companies can use bitcoins without the clients to know for international transactions and it can become a more widely mean of storing wealth, I think Bitcoin can get to a valuation of a hundred billions without massive adoption or speculation on a massive adoption

The adoption rate of Bitcoin and Cryptos in general is only going to continue to grow. Sit tight and be right.

at some point you have to get over it.. because 1) you can't do anything to change it, and 2) it will eat you alive. i've come to grips with my share - sure i'd like more, but i don't need to feel bad about it anymore.

Guys, don't feel bad about not having 10,000BTC! In case you haven't noticed, only about 10,000,000 own a portion of any bitcoin. Less than 1% of America, and less than 0.05% of the world! Once bitcoin is mainstream, people will be sad they're not YOU! You are VERY EARLY to the game! Those few BTC you have will be MUCH larger in value in the future! Just look at the charts!

Don't feel bad for small amount, if you own 0.08 or more, you're still better off than I am!

And if you look around the forum, there's plenty of people giving proof why Bitcoin will continue to rise in the future.

It's going to work out!

you only own .08 BTC?

how can you get more?

thinking like that is kind of setting yourself up for failure though. bitcoin will never replace fiat, but it could be really big. also, there's evidence that bitcoin could be huge, but there's also very good reason to think that it will crater and crash. the future is unknown, so don't expect too much or you'll get stomped.

Well, I've worked for mine, and I have no intent on buying any. It's more like a seperate currency with side jobs for me. It's also easier to work for it as opposed to buying it, but that's just my opinion.

I'm thinking like that only to cheer you guys up. I have a much more semi-pessimistic state of mind otherwise. I expect it to remain at this value (In a slightly-more optimistic scenario)  for a long time, but it could always just drop into oblivion. The future is the future, and I haven't met any time travelers yet.

However, bitcoin MAY replace fiat. Not by being the cheif currency of every nation, but changing it out so that cryptos become common within nations, maybe going so far as being the gold reserve for said cryptos. Or another coin will take over, I don't know. The future is anyone's guess.

ha, it's not even worth anyone's time to cheer up people who did not get-rich-quick.. and are still holding out for it.

We all hope that will happen, bitcoin was on a realy insane uptrend that resulted in over 1200 $ price, but soon enough , it was followed by bad press, and finaly, that mt.gox "fall" that pushed it back.
Generay, bitcoin is still quite new, and the real sharks are yet to come to this doman.
Hopefully we get some real , steady grow, and not just push n' pull action

I am hoping that we can follow this latest month or so of growth that we have seen.  It has been more gradual than the rise in Nov/Dec of last year.   Admittedly, shooting straight up is far more exciting, but those rises are usually followed by sharp corrections. 

Sharp rises followed by sharp corrections has been the way it is going up; if next rise goes from 600>5000>2800 we should be very happy ;D Some will sold at 1,500$ thinking it is the top, some @ 2,000$ 3,000$...and some lucky ones @ 5,000$ ;)

haha,, in Indonesia also had a chance to reject the bitcoin payments for fear of damaging the circulation of money
Bitcoin concept actually is an alternative media that provides convenience in transacting online. In contrast to process financial transactions that we know so far, Bitcoin provide an alternative that allows every person on earth to send and receive Bitcoin each other without banking bureaucracy takes time and costs.

Concept as an alternative medium of payment is then started to change, when it emerged the notion that Bitcoin could be an investment asset. Bitcoin purchases in bulk by way of exchanging a number of Fiat (government regulated the currency of a country) is then led to the purchase price and the selling Bitcoin higher. This price increase is reasonable occurred in the law of supply and demand - Bitcoin is a digital currency that embraces the concept of a limited number (scarcity), instead of a digital currency that can be 'printed' or published in a number arbitrarily.

This is not only in the US but in other countries also

Back in 2011 I told a few friends about bitcoin, only 1 in 5 got interested.

It seems whether a person will become interested is predetermined, independent of what you say
 

In a few years more we will say: oh did you remember when Bitcoin was about 500-700 bucks each and tought that was expensive?

Now that's the price for one damn Satoshi !

Haha, what is certain is that by the end of this year, minimum price for that cripto will touch the 2-2.5k

We need to people to get the Bitcoin Wallet app on their phone, ATM's in every city and implimentation by banks. But before that let's us load up on Bitcoins :)
This is still the early adopter phase, however there is a change that Bitcoin fails. The possible 51% attacks and shady businesses work against us. It's my guess that everyone who is Bitcoin now will be rich or they will lose most to all of their investment.

The stories of people buying at $5-10, 30, 80 $100 make my eyes water.

the stories of people buying them at pennies or not even pennies make me want to cut myself in not nice places. but I fight on to live another day.

Bitcoin can become big and be valued a few thousands or become huge and be valued tens of thousands with a few years

You guys are very optimistic, it makes us feel good ;)

True.

Think of late adopters a few years from now on; they may envy you for buying BTC at $600.

Everything is relative; 600$ seems like a lot to some compared to 30$ but extreme changes are going to happen to the world financial world and currencies in the next few years, Bitcoin price may rises tremendously because of those changes

Sadly none of my friends told me of bitcoin back in 2011. Not even 2012.

I mean bitcoin is still cheap. But not so cheap one could easily buy 1000s or even 100s of bitcoin.

cant buy 1000 tonnes of gold anymore either. shame your not an egyptian, but should you no longer buy a few hundred ounces of gold or a few thousand bits of bitcoin

Plenty of us were around when it hit $100 and decided to pass 'cause it was too high to buy in...
:/

I mined millions as an early adopter and sold it at a loss!

Making a good comeback now though. ;-)

The days of mining ten BTC per day on ten ghs are all but gone. Deepbit!

Sold at least 1000 at 5$

gratz on making a comeback man

How exactly did you mine millions?

It's probably just a hyperbole. He most likely mined hundreds, perhaps even thousands of them. But definitely not over a million.

i was around when it was $60 but decided to buy a BFL miner.

Worst. Decision. Ever.

Correct.

That is not an accurate statement at all.

"The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated info by 2007"

14 years from 1% to 97%

http://en.wikipedia.org/wiki/History_of_the_internet

Perhaps both tragically and amusingly, this pattern will continue repeating itself over and over for at least the next few years.

"oohh, $600, that's way too expensive for me" [even though you can very easily buy $6 worth of bitcoin today].

"ohh, $2500?! That's WAYYY too much money for me." [even though you will still be able to buy $50 or $500 worth of bitcoin a year from now].

"ohh, $10,000 per coin? Bitcoin was never this expensive before, I'll wait for it to come back down." [even though it will only ever keep going up year after year].

P.S.
I went all-in via several buys when BTC was between 80 and 140. I told most of my friends and family to do the same. None of them did. I held.
I implored them to buy in when it reached 300, still none of them did. Now I've stopped bothering. I'll be rich enough for all of us anyway, soon.

I think you're right.  And it will be because people are looking at price and not understanding fundamentally why bitcoin is so powerful.  On the other hand, if the masses decide to "get it" , it could go up very fast very  quickly.  It's unpredictable how fast.

I'm guessing you have about 300 coins Beliathon.

Sorry do disapoint you but this is bullshit, how could bitcoin be much bigger if almost everybody that has computer and internet is registered on facebook?
Just nonsense...

Can be bigger in market cap.  Very tiny fraction of user base on fb pays anything. (Revenue comes from advertising)

because most users only have 1 facebook account. but people can buy more then 1bit

facebook market cap is $163bilion. lets say that equate to $100 per user. (1.6bil users)

bitcoin "could" exceed $100 a bit.. maybe

I wonder when the cut off point for being early adopters is and how long that stage will last. Would be cool if every year that goes by there's a new wave of early adopters

Not at all. Not everyone uses social networks but everyone uses money. Will it be bigger than Facebook or Twitter? I don't know, but it certainly has the potential to be.

well with less then 0.02% of world population using bitcoin, id say along time to go

True, but it'll probably see an explosive growth again at some point I reckon so a lot of people will surely miss out to make some money on it again.

yep, for instance when the winklevoss thing opens. the middlemen will be buying blocks of 10k coins = price rise

then as they divvy out "winkle shares" to the main FIAT investment companies. those companies will themselves start to buy their own coins aswell as having the winkle share holdings.

so there will be a big spike.

investments and using bitcoins as a reserve currency will expand bitcoin faster than most of these armchair activists in the community trying to get their local grocery store and 5 of their friends to accept bitcoin