Bitcoin Forum

We are in the stealth phase... almost everyone has heard of bitcoin but ask them beyond if they have heard of it and they will just tell you it is a ponzi scheme.

Every company with half a brain is starting to use BTC, most not hold but use.  The average person knows nothing of this and thinks the price is at zero and the "ponzie scheme" has failed.

The next phase will be the early adoption phase, we are not there yet.  Soon enough the average dimmit will understand BTC is not a ponzie scheme, ponzie game, easily hacked, millions more printed by computer programmers, etc.

Everyone assumed we were in early adoption in Nov this was inncorrect.

Well, go out in the street and ask random people what Bitcoin, most don't know, but yes, 99% that have heard it have no fucking clue about it beyond whatever clique mainstream news headlines had to say.

That is pretty much how I came to the conclusion.

The amount of: 

"Oh I the the CEO died and it collapsed."

"I thought all the coins got stolen and it was at 0$"

" I read it was Illegal in Canada".. (No you didn't.. you were super ass lazy and read the first four sentences of the article you sent me.. dumbass).

"Ya but it isn't backed by Gold like our currency" This one is the best.. just shows how little a lot of people know.

Bitcoin may not be ready for the majority of people. Right now it's definitely usable and convenient to us. But its market value is volatile, it's hard for non-technically-minded people to understand, and it's totally different from the fiat they're used to. So it'll be "stealth phase" for a long time, IMO.

Back in 1992 I printed out a chat session I had with a girl from New York.
I took it to school and showed it to my friends.

All I wanted to do was prove that I was talking to a girl.
But, they got all hung up on the what instead of the who.

They got all snarky and sarcastic with me.
Email, internet, chatting, text messaging...
They were all like bitcoin is right now.

Not as long as you think.

https://i.imgur.com/3CTKa42.png

OP is correct, we are in the "stealth phase"

Bitcoin 101: Why Bitcoin's growth is normal (https://www.youtube.com/watch?v=qHUPPYzzZrI)

I have a feeling a few countries will start holding BTC like they do gold.. I think this will be the next driver of the BTC price.

But you can count on wave after wave of media coverage talking about hacks after everyone has adopted, there will be new companies founded promising to secure your bitcoin for you (think lifelock.) It will be y2k ridiculousness all over again.

We are on good way, thats for sure, Bitcoin is growing everyday :)

This is still one of my most favorite charts. :) The future is going to be exciting.

http://3.bp.blogspot.com/-QATxO-EzEYU/U7qOkQkAtNI/AAAAAAAAjwQ/UlbBf24HWXM/s1600/bitcoin+chart.jpg

Lets wait for the boom.

It is coming.

If this charts correct i will be buying a cruise liner not a yacht :P

How the hell do you define "early adoption" if not the past 4 years?

I really like this. Brings my hopes up. :)

Many people had not heard of BTC yet.

yeah I mean many have not heard of bitcoin, There are like 1 out of 50 on my facebook or less who don't know about bitcoin yet, I had a cousin who got interested in educated him a bit, but it wont get everyones attention unless they can benefit from it.

When the avg person starts using it.  Not .000000001% of people.

I don't think we are on the infancy part of the S curve, but on the expansion one.

We are on the period where clueless people will hate themselves for lossing this last opportunity to get at least 1 BTC (aka top 1% club)

and i love that, because then i know, iam early in the bitcoin-world  ;)

I think its coming too. But, at the moment, I dont see Wall St etc entering in a big way while free money pushes the stock market to all time highs. Its a no brainer for them until that shit kneecaps itself. Main st guys havent looked into btc on the whole but if they do they are seeing volatility, bear market and the overhang of Gox. Plus, they have MSM espousing the merits real estate speculation almost 24 hrs a day (srsly, how many property related TV shows are on these days?).

Bitcoin is facing an uphill battle for now. I hope that it is relatively normal after the run up we've had. Fingers crossed the PayPal news, ETF, BoE news combines with a market event (stock correction, geopolitical situation) and then people really begin to see btc as an option (as cypher says in the spec thread - doing gold job better)

Can anyone tell me why this is called an S curve? It barely resembles an 's'  ???

https://en.wikipedia.org/wiki/S_curve

Nice S Curve, I agree we're still only 5 years in so yes we're still in the early infancy stage.

I also like this chart personally:

http://bitcorati.com/wp-content/uploads/2014/03/bitcoin-adoption-life-cycle.png


Still just very Early Adopter phase according to this Technology Adoption Curve.

Agreed, this is why many feel it is a great time to buy regardless of what the price is doing!  I think the price of a Bitcoin is just a tool we use to trade them.  It's not an indicator of Bitcoins true value, IMO. 

I was asked how much for a Bitcoin and when I said the price was under $500 the person was shocked.  People don't have the foggiest idea what is going on with Bitcoin.  I think the GOX debacle made it easy for people to ignore Bitcoin and now their missing the good news and the big picture. 

I think in terms of creating a global currency from the ground up, this is still VERY early adoption. Still plenty of work that needs to be done.