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Author Topic: BTC about to move from "early adopter" to "early majority" according to Forbes  (Read 183 times)
the_poet (OP)
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November 02, 2017, 07:51:02 AM
 #1

https://www.forbes.com/sites/panosmourdoukoutas/2017/11/01/wall-street-pushes-bitcoin-prices-to-new-highs/#4eb421124eed

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jseverson
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November 02, 2017, 07:58:56 AM
 #2

I feel like we're still in the early adopter phase. So few people actually know about Bitcoin, and even fewer actually use it. There's no way we could be considered a majority of anything yet, hedge funds or no hedge funds.

The article also calls Bitcoin a bubble in the end, saying how everyone is holding it to sell it to someone else at a higher price, and that it's going to pop once no one wants to buy anymore. I also disagree with this because while Bitcoin's price is dictated by supply and demand, it does still have utility, such as storage of value and as a convenient way to move large amounts of money.

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November 02, 2017, 08:00:42 AM
 #3

I don't think I agree with forbes here Bitcoin still isn't known by half the people around the world and not many big places are accepting it I still think we are early adopters.
Bamelin
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November 02, 2017, 08:03:12 AM
 #4

All that matters is when instituitional money moves in.  And it's moving in SOON.   THAT alone will blast BTC off.

I feel grateful getting in at 5700.  Who knows where this rocket will go.  It's only just taking off.
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