Bitcoin Growth 25% Faster than the Internet in 90s

[OmegaStarScream]

Who would thought of that


Bitcoin Investment Grows 25% Faster Than the Internet in its Early Years

In terms of investment, Bitcoin growth is outpacing that of the early stage internet by almost 25%, according to the latest figures compiled by IB Times UK. Venture capitalist investment in Bitcoin startups is projected to be US$786 million in 2015, compared with US$639 million in internet companies in 1996. Gathered data also revealed that investment in Bitcoin startups will double year-on-year from 2014.

Source : http://cointelegraph.com/news/114992/bitcoin-growth-25-faster-than-the-internet-in-90s-estonian-angel-list-service-secures-marketplace-with-btc-blockchain

[TinEye]

well one should compare bitcoin not with internet itself, but to torrent files, which share the same pattern i believe or not? internet on the other hand incorporates everything so it's not  fair comparison
would be interesting to know how fast, torrent in general, were spreaded in the world

[Beliathon]

I'm frankly surprised it's only 25%, given how easy it is and will continue to be to get rich from this thing.

[mattiadeabtc]

This is definitely good news.
but that does not always work: greater growth in a given period of time = more successful than in markets that are growing less quickly

[LFC_Bitcoin]

Hmmm interesting stats, let's hope the price reflects this in the mid to long term though because at the moment we're not heading the way of the internet are we? There's a hell of a lot of work to do to gain even 5% of the success of the world wide web.  

[fox19891989]

wow, i feel the big pump is incoming, although I don't convert my all fiat to bitcoin, I still wanna get cheap bitcoins like some months ago, I wanna 200 USD bitcoin, and convert all of my savings to bitcoin. 

[NorrisK]

So if you take inflation into account, it is actually growing slower? Not that good As it sounds now does it?

[XinXan]

I'm frankly surprised it's only 25%, given how easy it is and will continue to be to get rich from this thing.

Im not sure what do you mean, for some people to get rich from bitcoins or even have a profit other people has to lose, not everyone can make profit otherwise no one would make profit at all, do you understand how trading works?

[Beliathon]

Im not sure what do you mean, for some people to get rich from bitcoins or even have a profit other people has to lose, not everyone can make profit otherwise no one would make profit at all, do you understand how trading works?

Other people being fiat money inflation bagholders, not fellow bitcoiners.

Bitcoin is a black hole. Fiat scrip wealth is like gas in a nearby star, waiting for that inevitable moment when it'll be pulled past the event horizon.

All bitcoin's current ~4 billion dollar mass represents absorbed fiat wealth, every satoshi of it!

Bitcoin generates no mass of its own, like a black hole it can only EAT wealth from fiat. Reflect on that.

[fryarminer]

I'm surprised it's not faster, based on the fact that it is easier to promote by using the Internet. Internet only had word-of-mouth promotion when it first came out.

[ticoti]

Bitcoin has grown thanks to internet and that using it is relatively easy and does not require hardware
To use internet you needed hardware and an internet conection with a provider

[NorrisK]

Bitcoin has grown thanks to internet and that using it is relatively easy and does not require hardware
To use internet you needed hardware and an internet conection with a provider

To the average person it is quite hard to get into bitcoin.. It can be stressful to put money into something, especially before you fully understand the basics. And the basics take time to learn.. Therefore, it is quite hard to get into bitcoin actually..

[Beliathon]

To the average person it is quite hard to get into bitcoin..

That's not really true anymore, Coinbase for example has now expanded into many nations. This is an extremely user-friendly platform.

Similarly anyone with a smartphone can use mycelium, hivewallet, or any number of other good wallet apps.