Bitcoin Misconceptions:we are in the 2nd PHASE of Bitcoin bullrun

[Meuh6879]

Yes.

All is more simple and transparent.







not like bank that it take from 3-10 days to transfer money on an other "national" bank ...

[Robert Paulson]

the OP is wrong, the party hasn't even started yet.

bitcoin beats gold as money in every way.
it is more portable.
more divisible.
more durable.
more fungible (cannot be faked).

gold current market cap: 6,843,931,394,072$ (http://onlygold.com/TutorialPages/All_The_Gold_In_The_World.asp)
bitcoin current market cap: 7,698,579,253$ (https://coinmarketcap.com/)

bitcoin will be worth 6,843,931,394,072 / 7,698,579,253 = 888.986 times more than today when it replaces gold as a store of value.
that's without counting other metals such as silver and additional value from replacing paypal/visa etc...

everyone who holds bitcoin today is a very early adopter, the fact that anyone can buy bitcoin doesn't mean anything because the market penetration is still low when compared to the potential market.

and not only that but we are in a unique era in history when EVERY government currency is a fiat currency and is being printed to oblivion.

anyone who doesn't see the opportunity here to become filthy rich doesn't deserve to have any money.

[zimmah]

Still not even 1% of the world uses bitcoin. Probably not even 1% of America.

Early phase it is.

Just because you aren't able to comprehend the full implications of bitcoin it doesn't mean bitcoin will not leave an impact. In other words just because you think bitcoin won't be worth a million dollars or more will not make bitcoin not worth it in the future.

And with future I mean within the next 5 years or so.

[SOAD]

I agree. Were still early adopters to be honest. Maybe second stage or early adopters but were still climbing that hill.

[newIndia]

5 years later someone will revisit this thread to wonder that early adopters thought they are not early adopters

[SOAD]

Maybe it'll see a new wave of early adopters then. I'm sure bitcoin will have reached the masses or gone bust by then though.

[zimmah]

5 years later someone will revisit this thread to wonder that early adopters thought they are not early adopters

And like we cry about not being able to ever buy thousands of bitcoins they would complain about not being able to ever buy a full bitcoin.

[Brooker]

People will always cry and moan about how they didnt get in early enough. People just cant stand loosing out on easy or free money. It's always the people who take risks that are rewarded (or sometimes not).

[Beliathon]

2nd phase?  Sure, as long as you concede that there are about 10,000 phases of logarithmic growth ahead, it's all just semantics.

[franky1]

the original title of this topic was about early adoptors. now it seems he editied it to talk about bull runs..

bull and bear are names of the fiat market. bitcoin has its own term..

the alpaca in recognition of alpaca socks the first proper merchant to accept bitcoin