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Author Topic: How do you define "early adopters"?  (Read 3923 times)
BellaBitBit
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December 12, 2015, 01:30:55 PM
 #61

2009-2011 =  epic early adopters - brilliant innovators and keen sense of the future of the technology
2012-2014 =  very early adopters - people with instinct to understand potential and also attracted to price action
2015 = still early adopters - people getting on board from what the believers and innovators built
After Bitcoin goes mainstream = way too late

At the end of the day this is all relative based on the price.  If it goes ballistic to 1mill/coin than anyone under 1K is an early adopter. 





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December 12, 2015, 03:09:01 PM
 #62

Everybody on this board is early adopters. When BTC goes past 10k mark and  has started to become a little mainstream, around that time a line will cross and "you" are not an early adopter anymore.
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December 12, 2015, 03:11:55 PM
 #63

I consider myself an erly-ish adopter.. I started mining BTC with my laptop when difficulty was around 12M or so and remember watching the advent of the ASIC technology destroy the GPU miners.

I heard about BTC around $3 and laughed at it, Started buying them and doing services for them around $100 or so.
BTC has been a hell of a ride so far and I've made some obvious mistakes.. But I think the Future of BTC looks good for the next few years.
Educating people is my way of contirbuting to bitcoin. As well as accepting BTC at my businesses.


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December 12, 2015, 03:13:43 PM
 #64

As of now, early adopters would be the people who managed to get Bitcoin when it was just a curiosity with almost no value. If Bitcoin goes mainstream with mass adoptions, then "early adopters" could be us, who use it when not everybody knew about it.

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December 12, 2015, 03:19:41 PM
 #65

I would say that everyone involved before bitcoin becomes commonplace and used in everyday life is an early adopter.
AtheistAKASaneBrain
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December 12, 2015, 04:06:06 PM
 #66

2009-2011 =  epic early adopters - brilliant innovators and keen sense of the future of the technology
2012-2014 =  very early adopters - people with instinct to understand potential and also attracted to price action
2015 = still early adopters - people getting on board from what the believers and innovators built
After Bitcoin goes mainstream = way too late

At the end of the day this is all relative based on the price.  If it goes ballistic to 1mill/coin than anyone under 1K is an early adopter. 






This is pretty accurate, even tho some people in the early days just got lucky and wanted to buy some weed off the internet or something, bought the coins, then forgot about them and found out later it was an huge thing, but most of the people was dedicated cryptographers, programers etc, and then a few lucky guys that were at the right place doing the right thing (buying cheap as hell BTC).
disclaimer201
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December 12, 2015, 04:29:14 PM
 #67

Early adopters were the people who mined BTC with their home computers, when it was possible. So that was before the arms race began with the invention of Asic computers and guys creating BTC farms in China. Before 2012?

I jumped in in early 2013, so I'm not an early adopter.

The arms race began long before there were Asics. Going from cpu-mining to multi cpu-rigs to the first humble gpu-miners to multi-gpu rigs to industrial style gpu-farms. The arms race was at least already full on in q1 of 2011. Apart from the definition I'd say early adopters all the way to end 2012.

off-topic: By that time you could have become a litecoin early adopter/miner and would have seen considerable gains much like BTC if you kept your coins. Nowadays, of course the altcoin game is pretty much over. I don't get why they don't switch ltc to sha256, or multi-algo- I'd mine some ltc again just for fun. Guess it's dead.
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December 12, 2015, 04:55:48 PM
 #68

Early adopters were the people who mined BTC with their home computers, when it was possible. So that was before the arms race began with the invention of Asic computers and guys creating BTC farms in China. Before 2012?

I jumped in in early 2013, so I'm not an early adopter.

The arms race began long before there were Asics. Going from cpu-mining to multi cpu-rigs to the first humble gpu-miners to multi-gpu rigs to industrial style gpu-farms. The arms race was at least already full on in q1 of 2011. Apart from the definition I'd say early adopters all the way to end 2012.

off-topic: By that time you could have become a litecoin early adopter/miner and would have seen considerable gains much like BTC if you kept your coins. Nowadays, of course the altcoin game is pretty much over. I don't get why they don't switch ltc to sha256, or multi-algo- I'd mine some ltc again just for fun. Guess it's dead.

The guy that did Litecoin is still pretty active in social media and I think gives crypto related lectures, the software itself is rather slow and always lags behind Bitcoin. Its reddit community is still somewhat active. Id say there are still chances that Litecoin may shine again.
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December 12, 2015, 09:19:53 PM
 #69

2009-2012. Early adopters
2013-present. Late adopters.

2009-2012. Very early adopter.
2013-2015. Early adopter.
2016-2020. Reasonably early adopter.
2021-2030. Good moment to step in for institutional entities.
2031-2040. Good moment to sell a good part of your coins, and enjoy your life as multi millionare.

I'm glad that I'm into early adoption period.
But as per these phase calculations, to become multi millionaire I need to wait till 2031. Bitter truth. But I already knew that bitcoin is not the "become rich in quick" kind of program.

Building up a very high price for Bitcoin takes several decades. It doesn't happen overnight. You can see it as a huge extra retirement bonus. Grin
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December 12, 2015, 09:41:04 PM
 #70

This is a currency. You never know what will happen when everyone knows about bitcoin. Gold had the same situation - when people started using it, it was worth very, very much.
Lets hope that bitcoin will someday be priceless Smiley

It's a currency but early adopter means someone who has advantage over others to bought first. Your logic doesn't make any sense. People who bought at 1000$ are not early adopters. Early adoption phase is already finished in 2012.
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December 12, 2015, 10:29:27 PM
 #71

Who is an early adopter in your opinion? How do you define it?
i think the early adopters of bitcoin is satohi nakamoto and friends,or maybe her family also early dopter Grin

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December 12, 2015, 10:30:38 PM
 #72

Who is an early adopter in your opinion? How do you define it?
i think the early adopters of bitcoin is satohi nakamoto and friends,or maybe her family also early dopter Grin

Yes, the very-early-adopters  Grin
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December 12, 2015, 10:46:11 PM
 #73

Early should be the people who bought bitcoins and traded them before the breakout in 2013.
Everyone who bought it after that are mostly wannabe's (like me) who wanted to earn a lot of money Wink

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December 12, 2015, 11:17:43 PM
 #74

We are still considered as early adopters considering that the version of core is still at 0.1xx. Grin But seriously, we are still early adopters given that there are still plenty of room for growth and development on the bitcoin ecosystem. We could still establish our own prints on this community before it goes mainstream. Too many businesses and other things are still lacking; we can still fill that spot if ever we wanted to. Smiley
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December 12, 2015, 11:20:44 PM
 #75

We first need to understand couple facts. Bitcoin history is not long. Therefore, in the future WE as well might be called early adopters as well.
However from our point in time early adopters are people who knew about bitcoin in its earliest years when bitcoin value were non existent or very low.


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December 12, 2015, 11:21:07 PM
 #76

Late adopters will be the people embracing Bitcoin when you have everyday ladies chitchatting about it at the local grocery (which will accept Bitcoin as well).

Under construction.
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December 12, 2015, 11:27:32 PM
 #77

We first need to understand couple facts. Bitcoin history is not long. Therefore, in the future WE as well might be called early adopters as well.
However from our point in time early adopters are people who knew about bitcoin in its earliest years when bitcoin value were non existent or very low.
Also agree. It's only the beginning. History is written on our eyes, our actions or inaction. We all are early adopters.
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December 12, 2015, 11:48:55 PM
 #78

For me anyone that was in the Bitcoin world when Satoshi was still around is considered as an early adopter. So from the begging to December 12th of 2010. This is still also possible to consider 2011 members as early adopters.
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December 13, 2015, 12:35:39 AM
 #79

I define it as someone that gave all their btc to pirate, Zhou Tong or an ASIC preorder company and no longer visits this forum. lol

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December 13, 2015, 01:00:40 AM
 #80

The people who remember the home of Bitcoin being at sourceforge. Cheesy
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