Bitcoin Forum

folks,

we are no longer the early adopters, those who keep saying we are early adopters are either in self denial/trying to mislead/unaware.

-early adopters(1st phase) are those, and when the majority population can buy thousands of btc without struggling.

bitcoin can no longer give the kind of returns like the earlier years.

one of misconceptions of early adoptors arises is because though we are in 2nd phase, btc returns can still easily beat returns from other investment avaliable in the market.

theres the last/3rd phase of bull run.

we are in the very early stage of 2nd phase.

once bitcoin has captured its fair % of gold, WU, internet payments, then its still not too late!

bitcoin is going to keep growing every year whether you think we are in  2nd PHASE or not.  :P

2nd phasers just have to work harder for their coins:'(

I'm sorry but you are wrong. I can't tell what bitcoin will do as far as value goes and you may be right on that point, but the term "early adopter" is a well defined and accepted term in the business community and we are definitely still in the VERY early adoption phase. We might even still be in the "innovators" phase.

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

theres only this much population and money/wealth around.
theres only 1 earth, unless u are saying other beings in other planets just heard and start using bitcoin too, then in that case we are in the early/innovators phase.

you have no clue...

not even 1%..... not even 0.1% of population has bitcoins.. so bitcoins is still very early. (100 years+ to go)

u sure u have any clue

already half of avaliable btc already mined and owned. does 0.1% population matter

technology changes rapidly somemore

This is very true, even now with ~1 Million users of Bitcoin approximated our 21 Million Coin limit is simply not enough to be spread evenly to all users, most people want to have more than 21 Units of something, most people don't want fractions. This is probably why some of the popular exchanges are trying to change the default currency display to "bits" or are now giving the option to use it. I don't agree with the Original posters assessment of the market currently.

your thinking as if each person should have 1bitcoin each.

thats the same mentality as saying that each person should have a tonne of gold...

your missing the point totally and only thinking of large round numbers..

Edit, news just in

coinbase
denominations of: bits (100 satoshi)

so now each person can own 1 bit

and gold hoarders can hold grams and ounces

it depends how you define the meaning of early adopter.
My defination is : if you buy Bitcoin b4 google & amazon accept it , you are an early adopter

Me <------------ 0 shits given what phase I'm categorized as.  Let's just Bitcoin, baby!

Who knows what the fiat price of BTC is going to be, but one thing is for certain. Bitcoin is here to stayf

OP: Do you have any data to substantiate your sentiment? Or is it just a sentiment biased by your personal inability to scale numbers in your head?

Sure, many average people have HEARD of bitcoin thanks to the bubbles and media frenzies of the past years. They know what it is (money) but they still don't really understand it or know why its necessary.

Not all of those people are rushing online to dump all their USD on Coinbase. Just like it took YEARS of receiving crap America Online CD-ROMs in the mail to get people to try out the internet, this will also take years. (5-10)

Technically speaking...the moment you get into bitcoin your an "earlier" adopter than everyone that gets into it after you :p

"a young couple were woke up and lookd at the clock for the time, and realised it was late. they looked sadly into each others eyes that they have just missed a romantic drive to see the sunrise, they started arguing both thinking that this must be what the rest of their relationship will be like. all because they missed a romantic morning drive"

they are both 18 years old...

one day they will realise that there are 365 sunrises a year and possibly 80 years of life ahead of them.

they were not late, they have not missed anything, tomorrow is another day and there is along time ahead of them

bitcoin translation:
there have been many rises before, but you think you have missed the best rise... and now argue.. you seriously need to realise the future ahead of you, and the many fantastic rises ahead

This is exactly right in my opinion, there are a few big names that are about to accept BTC but when the very largest companies do, then what comes next?

I suggest you read the following discussion about early adopters, etc.

https://bitcointalk.org/index.php?topic=366214.0

I sure hope those initial developers, early adaptors, nerds and investors are all future billionaires.

you don't just fit bitcoin into some old economic model. bitcoin models you.

Yes.

All is more simple and transparent.







not like bank that it take from 3-10 days to transfer money on an other "national" bank ... ::)

the OP is wrong, the party hasn't even started yet.

bitcoin beats gold as money in every way.
it is more portable.
more divisible.
more durable.
more fungible (cannot be faked).

gold current market cap: 6,843,931,394,072$ (http://onlygold.com/TutorialPages/All_The_Gold_In_The_World.asp (http://onlygold.com/TutorialPages/All_The_Gold_In_The_World.asp))
bitcoin current market cap: 7,698,579,253$ (https://coinmarketcap.com/ (https://coinmarketcap.com/))

bitcoin will be worth 6,843,931,394,072 / 7,698,579,253 = 888.986 times more than today when it replaces gold as a store of value.
that's without counting other metals such as silver and additional value from replacing paypal/visa etc...

everyone who holds bitcoin today is a very early adopter, the fact that anyone can buy bitcoin doesn't mean anything because the market penetration is still low when compared to the potential market.

and not only that but we are in a unique era in history when EVERY government currency is a fiat currency and is being printed to oblivion.

anyone who doesn't see the opportunity here to become filthy rich doesn't deserve to have any money.

Still not even 1% of the world uses bitcoin. Probably not even 1% of America.

Early phase it is.

Just because you aren't able to comprehend the full implications of bitcoin it doesn't mean bitcoin will not leave an impact. In other words just because you think bitcoin won't be worth a million dollars or more will not make bitcoin not worth it in the future.

And with future I mean within the next 5 years or so.

I agree. Were still early adopters to be honest. Maybe second stage or early adopters but were still climbing that hill.

5 years later someone will revisit this thread to wonder that early adopters thought they are not early adopters ;)

Maybe it'll see a new wave of early adopters then. I'm sure bitcoin will have reached the masses or gone bust by then though.

And like we cry about not being able to ever buy thousands of bitcoins they would complain about not being able to ever buy a full bitcoin.

People will always cry and moan about how they didnt get in early enough. People just cant stand loosing out on easy or free money. It's always the people who take risks that are rewarded (or sometimes not).

2nd phase?  Sure, as long as you concede that there are about 10,000 phases of logarithmic growth ahead, it's all just semantics.

the original title of this topic was about early adoptors. now it seems he editied it to talk about bull runs..

bull and bear are names of the fiat market. bitcoin has its own term..

the alpaca in recognition of alpaca socks the first proper merchant to accept bitcoin

http://i58.tinypic.com/25jgkk4.jpg