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Author Topic: Are we still "Early Adopters"?  (Read 2606 times)
fucilator_3000 (OP)
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October 19, 2018, 02:57:52 PM
Merited by OgNasty (1)
 #1

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?
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October 19, 2018, 03:20:48 PM
 #2

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?
Yes we are, considering the fact that Bitcoin came into existence as the mainstream of Blockchain technology but still pending in the hands of the government is the reason to say we are early adopters. 2009-2018 still look younger for such technology to spread across the breath and length of the universe.
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October 19, 2018, 03:32:37 PM
 #3

We are definitely still in the early adoption phase.

If you look at how many transactions are done on the bitcoin network or at the number of people who own bitcoin, you'll realize that the number is way lower than one would assume.

After a few years (e.g. 10), the adoption will be many times higher than it is currently.
Even though this is not an indicator for an extremely increasing price (what most are aiming for who hope to be an 'early adopter'), this means that the whole eco system around bitcoin is going to get bigger and bigger.

I can very well imagine a future with shops hosting their lightning node, accepting BTC naturally. Compared to such a future, we are at the very beginning (where a lot of people still havn't heard of BTC and only a minority does own some).

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October 19, 2018, 03:48:27 PM
 #4

Sure. A good number of people already know about bitcoin, but the total percentage of people using/owning bitcoin worldwide is still very small(I don't have the numbers to back this up, but I'm quite sure about this). We are early adopters, assuming that bitcoin will be successful in the end. Always take note of that- even though I'm extremely bullish on bitcoin and cryptocurrencies in general, the chance of these succeeding is not 100%. That's why it's always advised to speculate or 'invest' wisely.

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October 19, 2018, 04:09:49 PM
 #5

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?
I think we are still early adopters. Bitcoin is still not recognized by people as a real money. So we still have a lot of BTC savings until it gets people. And become legal in other countries and demand is increasing.
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October 19, 2018, 04:19:03 PM
 #6

We are not, we should accept the fact that we are late for almost a decade now.
But still as the market goes down and the price is low now, we got the great deal.
we are now back in time where we can accommodate some coins lower than before.
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October 19, 2018, 05:18:17 PM
 #7

I believe we still are, considering that regulations and acknowledgment only came rushing 8 years after bitcoin's inception. Also, only those who fully understand the system are taking the risks of accepting and using bitcoin at the moment; the ones who don't are still left behind and there's still a lot in store for them should they accept bitcoin. We'll be moving on to the next phase if more and more merchants started to adopt bitcoin in their services and goods for real, with or without third-party services that instantly converts BTC to USD/fiat.

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pixie85
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October 19, 2018, 05:55:49 PM
 #8

We are not, we should accept the fact that we are late for almost a decade now.
But still as the market goes down and the price is low now, we got the great deal.
we are now back in time where we can accommodate some coins lower than before.

How can you say that early adopters were those who came a decade ago? Even if you joined you were about to make more than 1000% on your investment. These numbers are restricted only for early adopters. If Bitcoin ever goes past 20000 dollars people will be gaining more than 300%. Try making a similar number on stocks. If you do, you're usually an early adopter.
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October 19, 2018, 06:07:07 PM
 #9

I can't tell myself that am part of the "EARLY ADOPTERS" but we can call ourselves the middle men,lol!  a decade is too much to be called early.




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October 19, 2018, 06:48:22 PM
 #10

I'm glad to know your opinions about that...

Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

Yes, more or less. If Bitcoin follows the trajectory of other widely adopted technologies -- like televisions and cell phones -- then it's still very early. At most, 5-10% of people in developed countries own cryptocurrency, and the numbers are far lower in undeveloped countries. We still have a long way to go.

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October 19, 2018, 07:06:57 PM
 #11

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

No, it's not comparable at all. Although we are still at an early stage, it's not the same as in 2009. Now it's much easier to join this ecosystem and bet on its future. Bitcoin is much better known now than ten years ago. Those who got into bitcoin from the beginning did it because they really believed in an idea, not because they saw an article in a newspaper explaining how bitcoin reached $20,000. The real early adopters are them.
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October 19, 2018, 07:10:51 PM
 #12

I guess we are, but I wish I was "earlier" adopter.

In my opinion Bitcoin usage will boom when it becomes more user friendly, so illiterate people can use it for example like credit card.

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October 19, 2018, 07:11:52 PM
 #13

I wish, I had entered cryptocurrencies market sooner. But I think we are early adopters. Because cryptocurrencies are still new and we don't see they are used for payments. I am sure there will be many progresses and new projects on cryptocurrencies in future. Many efforts will be made to make the cryptocurrencies a tool to be used for daily transactions. So, yes. We are early adopters.
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October 19, 2018, 07:16:27 PM
 #14

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

No, it's not comparable at all. Although we are still at an early stage, it's not the same as in 2009. Now it's much easier to join this ecosystem and bet on its future. Bitcoin is much better known now than ten years ago. Those who got into bitcoin from the beginning did it because they really believed in an idea, not because they saw an article in a newspaper explaining how bitcoin reached $20,000. The real early adopters are them.

Then what would You say for "us" who joined to the community like a year ago?
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October 19, 2018, 08:00:25 PM
 #15

YES! Definitely!

First, we know that bitcoin or cryptocurrency hasn't reached anything close to maturity of adoption and acceptance. But that begs the question, after ten years should we have reached that level of adoption? All we can do is compare this technology innovation with others.

The most similar technology innovation is the internet. The internet (called Arapnet at the time) was invented in 1983 and by 1993 we the technology was known by many but not used by most and certainly not evolved to represent the obvious and irreplaceable use it has in everything we do every waking hour of every single day. Back then it was novel, now it's a necessity to keep the world moving.

I don't know if Bitcoin will ever have that prominence but cryptocurrency definitely has a valuable place in modern economics. And blockchain technology is quietly being spread and investigated within the Corporate world.
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October 19, 2018, 09:19:06 PM
Last edit: October 20, 2018, 12:03:49 AM by btcluisdiki
 #16

Yes, I agree with the subject wherein I would consider  that all people in this forum were still considered as the early adopter's of cryptocurrency technology since not all people knew about this technology. Though, btc had started 10 years ago but it was the time where the technology to kick off while in the current situation, it had started to spread throughout the globe and people in different countries had just started to participate. I believe that in the coming 10 years, cryptocurrency will surely be a success wherein mass adaptation will be multiplied and business sectors will be adapting the blockchain technology which is the contributing factor to it's success.
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October 19, 2018, 09:22:07 PM
 #17

I believe that in the coming 10 years, cryptocurrency will surely be a success wherein mass adaptation will be multiplied and business sectors will be adapting the blockchain technology which is the contributing factor to it's success.

Cryptocurrency (or Bitcoin) mass adoption and business sectors using blockchain technology are two different things.

There is greater certainty that business sectors will adopt blockchain technology for all sorts of purposes than for the mass adoption of cryptocurrency as a currency that could replace fiat.
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October 19, 2018, 09:26:19 PM
 #18

I still see that we are early adopters up until now. Though there's no basis on how long you have to be here just to say that you can be an early adopter but at least we're still part of it. Bitcoin is still young and not everyone knew it already, we're part of those people that have heard it earlier and the number's just increasing yearly so consider ourselves as one. While others have heard about it, you can't be sure if they really hold bitcoin but if you do have it, count yourself.

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October 19, 2018, 09:29:14 PM
 #19

I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?
Its hard to compare it the adopter on 2009 is much wealthy right now that the incoming adopter they have more advantages because they already experienced all the fluctuation of bitcoin value and they already know hthe trend of the of this currency.

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October 19, 2018, 09:33:25 PM
 #20

I can understand people thinking they have missed the boat because of the
amount of coins mined but i would agree that we are still at the early stage
of adoption. We have to remember there is a limit to the amount of coins
available and in the future they will be more difficult to aquire.

R


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