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Title: Early adopters are not an issue. Post by: dsp on July 03, 2011, 07:11:28 PM 1. I don't have much BTC.
2. Fear and greed will drive them bonkers just like every other market in the world does, unless they can some how stop watching the market. If one major corporation comes in for a hostile take over they will drive the price to a point that you would just be insane not to take profits. Every one has a price. The few early adopters will be pad handsomely have an early retirement. But the Bit coins are going to flow to those who can best utilize them. 3. Just like the founders of cisco were paid off to hand over the company to those who could manage it best. 70M for all the good that cisco has done, has a market cap of 87B now. That's a small price to pay. Had they not sold out maybe the growth would have been stunted and stagnated. We will never know. Either way most people have a certain number that would allow them to live a good life and obtaining much more than that will not provide much more benefit. Is any one really going to hold out for a 20 year 1000X increase. Great you rich beyond your dreams but running out of time to enjoy it! 4. Not that anyone company is going to control this entirely. But their will be an impact. Once the price gets to a certain level and growth is not much more than an average bank account holding bit coins will not be as profitable as investing them. 5. Other than that a few billionaire geeks is not a bad thing. History has shown Most of them have served us well. 6. The current arguments are just jealousy. Title: Re: Early adopters are not an issue. Post by: iddo on July 03, 2011, 08:23:29 PM 4. Not that anyone company is going to control this entirely. But their will be an impact. Once the price gets to a certain level and growth is not much more than an average bank account holding bit coins will not be as profitable as investing them. You take it for granted that the BTC price will go up? Title: Re: Early adopters are not an issue. Post by: bsphil on July 03, 2011, 10:35:44 PM Early adopters (investors) have always done well in the market - you get rewarded for having faith in the system before it is proven that it will be successful. I can never understand why people point that out as a weakness of BTC. If that's a downside than buying shares of stock in any new company before it gets big is also as much of a "downside".
Title: Re: Early adopters are not an issue. Post by: Arrow on July 04, 2011, 12:15:11 AM I agree, early adopters getting rich is not a bad thing at all.
Bitcoin is not intended to be a get-rich-quick scheme, it's designed to be digital, anonymous, and inflation-resistant among other features. It does what it's supposed to well, and those who are just getting into it can't complain because they didn't get free money- that was never the point (just a lucky bonus for some). Title: Re: Early adopters are not an issue. Post by: guywhogotgoxed on July 04, 2011, 02:48:56 AM I agree, early adopters getting rich is not a bad thing at all. Bitcoin is not intended to be a get-rich-quick scheme, it's designed to be digital, anonymous, and inflation-resistant among other features. It does what it's supposed to well, and those who are just getting into it can't complain because they didn't get free money- that was never the point (just a lucky bonus for some). Early adopters are a problem to non-investor type bitcoin users. It may lead to sales yielding greater profits, but may also diminish profits. Getting into the game just for speculating is a bit selfish IMO. |