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Author Topic: How do you define "early adopters"?  (Read 3970 times)
lolgato
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December 13, 2015, 01:05:58 AM
 #81

When you bought btc for less than 1$ for one you are pretty early for me. Grin
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December 13, 2015, 01:10:57 AM
 #82

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.

You're probably right, but I remember that nearly 3 years ago, on this board, there were several guys, individuals, explaining that they had mined their own coins. So I tried, leaving my computer running for 3 days, something I had never done before. Sadly, it was already too late to join the party as an amateur. I went back to switch off the computer when I'm not using it.

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December 13, 2015, 01:15:04 AM
 #83

Anybody who bought Bitcoin less than 100$ is early adopter to me. It doesn't matter what year he bought.

Anybody who bought Bitcoin for less than $20 (and held on) is a very early adopter/true believer.
You can say everyone is still early right now, to some degree.

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December 13, 2015, 03:11:40 AM
 #84

For me, Early Adopters is the people who used Bitcoin before the price rocketed up to $1000. Surely they strongly believe in Bitcoin, because that time Bitcoin was not even worth more than 1 dollar.
I'm proud of y'all Early Adopters Smiley

faucet used to be profitable
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December 13, 2015, 04:44:08 AM
 #85

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.

You're probably right, but I remember that nearly 3 years ago, on this board, there were several guys, individuals, explaining that they had mined their own coins. So I tried, leaving my computer running for 3 days, something I had never done before. Sadly, it was already too late to join the party as an amateur. I went back to switch off the computer when I'm not using it.

Cpu mining was around up until the end of 2011 before gpu mining took over thr scene. I still remember how many dudes on this forum posted their balances and explained how they obtained such an amount (even remember that guy who owns 300k+ of bitcoins). Only if I dug deeper back then, I would probably be an epic early adopter by now.

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December 13, 2015, 05:45:23 AM
 #86

For me, I consider 2009 - 2011 the early adopters therefor I'm also one of them ... I still remember that we were much active on facebook groups, talking about how to do mining with GPU's (multiple)... Post our rigs there were in was purely tweaked computer rigs (not much asics then)... Faucets were much fun then in comparison to now.
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December 13, 2015, 05:53:05 AM
 #87

from my experiences with bitcoin, in the future i'd see early adopters as those who can sit down and talk about the madness of the scene when we only had Mt.Gox, so literally everyone was trading on one platform, it was fun because everyone was on the same page and all the action happened in one place.

I'll never forget the day the lag came in and we plummeted from the all time high to about $55, no long bear market just pure carnage in a matter of hours, orders not being placed, people placing sells at one price and it finally going through when the price was 1/3 of when they sold, real blood in the streets and everyone going nuts. Then trading was halted and we all had to wait for it to restart, battle lines were drawn, the buyers vs the sellers. I'll never forget the action of those 24-48hrs.

For me that was the early adopter scene, we basically had gox + silk road and that was it. It was like being able to talk about the amateur scene before btc grew up, it was raw and a lot of fun. Once bitstamp emerged and then other exchanges things got more spread out and that intensity i havent seen again since.

That will be my memory of early adopter btc that i'd sit down and talk about with someone whilst having a beer and thinking what a crazy time it was.

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(1470) <KLYE> I will fuck a chicken for 250 btc
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December 13, 2015, 06:14:03 AM
 #88

I consider early adopters to be 2009-2010 bitcoin users and those who acquired it before the bubble popped. Without a doubt, the implementation of bitcoin will be tedious and a long path but it shall slowly and surely be acquired.  Cheesy
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December 13, 2015, 06:47:27 AM
 #89

People who were able to mine with their CPU can be considered as early adopters. Further more, we can add some more period to this consideration, GPU period but before ASIC.
Those who mined or bought bitcoins when the CPU/GPU mining was profitable, may be considered as early adopters.
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December 13, 2015, 09:37:01 AM
Last edit: December 13, 2015, 07:43:55 PM by Amph
 #90

Anybody who bought Bitcoin less than 100$ is early adopter to me. It doesn't matter what year he bought.

Anybody who bought Bitcoin for less than $20 (and held on) is a very early adopter/true believer.
You can say everyone is still early right now, to some degree.

so those that bought at 21 are not early adopters?  Grin

i think it's better to assess those early adopter by the amount they had at those time

everyone with a big stash of coins in the early stage, is an early adopter
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December 13, 2015, 02:06:54 PM
 #91

i think they are the first believers of bitcoin, they had faith when bitcoin is falling and still stay to support it.
so i commend them from theyre faith in bitcoin.

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December 13, 2015, 06:01:45 PM
 #92

Who is an early adopter in your opinion? How do you define it?

Consider Everett Rogers' model of diffusion of innovation:



Roughly the first 16% of users would be considered early adopters or innovators.  Based on the number of wallets/transactions, this means anyone who adopted by Q1 2013.
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December 13, 2015, 06:57:30 PM
 #93

People who solo mined 50 BTC blocks using their full node in gen=1 mode.
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December 13, 2015, 07:20:37 PM
 #94

I consider early adopters to be 2009-2010 bitcoin users and those who acquired it before the bubble popped. Without a doubt, the implementation of bitcoin will be tedious and a long path but it shall slowly and surely be acquired.  Cheesy

Those early adopters had a great vision because they invested in Bitcoin before its rise keeping in mind that it would either rise or become worthless still they took the risk and invested their money into Bitcoin and it worked out so I would define the early adopters as Masters.

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December 13, 2015, 07:23:26 PM
 #95

Who is an early adopter in your opinion? How do you define it?

Definition of "early adopters" will change over the years and I guess it will change with the value of bitcoin changing .
For us the early adopters are the people who knew bitcoin at the start and was mining using their normal PC's or getting bitcoins from faucets (which now worth so much) , for those early adopters ... we are late adopters .
but for the next adopters ... we will be like the early adopters for them while they will be the late adopters . It's all about the price if you ask me.

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December 13, 2015, 07:24:09 PM
 #96

Gotta go with anyone who was pre MT gox! if you had an account there (I did yikes lol)
and did mining with your video card.

Also if you were in a BFL pre order for a jalepeno and waited a year hehe



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December 22, 2015, 08:52:40 PM
 #97

I disagree greatly with the idea that we are all early adopters, I personally think it stopped being early adopter space when the price passed 100. Early adopters get rich and in all likeliness very few of us, unless you are holding a decent chunk will become millionaires. The people who pump and call for a million dollar bitcoin havent done the math on what actually needs to happen for that to take place. a 50k bitcoin, possible, but 1m is near impossible.
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December 22, 2015, 08:59:45 PM
 #98

To me the early adopters are the people wo were into bitcoin before 2013.
sure we are also early, but most of here went into bitcoin to make loads of money.
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December 22, 2015, 09:10:25 PM
 #99

i think we still in the early adopters area because there still a lot of people who don't know what bitcoin is and bitcoin is still not mainstreamed properly so people who will come after the global mainstreaming will be the followers
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December 23, 2015, 02:58:38 AM
 #100

i think we still in the early adopters area because there still a lot of people who don't know what bitcoin is and bitcoin is still not mainstreamed properly so people who will come after the global mainstreaming will be the followers

Probably the next gen of adopters? The real early adopters are now the founders of bitcoin companies and are filthy rich.

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