Stealth phase.

[tabnloz]

Lets wait for the boom.

It is coming.

I think its coming too. But, at the moment, I dont see Wall St etc entering in a big way while free money pushes the stock market to all time highs. Its a no brainer for them until that shit kneecaps itself. Main st guys havent looked into btc on the whole but if they do they are seeing volatility, bear market and the overhang of Gox. Plus, they have MSM espousing the merits real estate speculation almost 24 hrs a day (srsly, how many property related TV shows are on these days?).

Bitcoin is facing an uphill battle for now. I hope that it is relatively normal after the run up we've had. Fingers crossed the PayPal news, ETF, BoE news combines with a market event (stock correction, geopolitical situation) and then people really begin to see btc as an option (as cypher says in the spec thread - doing gold job better)

[1715229359]

1715229359

[blatchcorn]

Bitcoin may not be ready for the majority of people. Right now it's definitely usable and convenient to us. But its market value is volatile, it's hard for non-technically-minded people to understand, and it's totally different from the fiat they're used to. So it'll be "stealth phase" for a long time, IMO.

Not as long as you think.



OP is correct, we are in the "stealth phase"

Bitcoin 101: Why Bitcoin's growth is normal

Can anyone tell me why this is called an S curve? It barely resembles an 's' 

[Newar]

Can anyone tell me why this is called an S curve? It barely resembles an 's' 

https://en.wikipedia.org/wiki/S_curve

[ChuckBuck]

Nice S Curve, I agree we're still only 5 years in so yes we're still in the early infancy stage.

I also like this chart personally:




Still just very Early Adopter phase according to this Technology Adoption Curve.

[counter]

We are in the stealth phase... almost everyone has heard of bitcoin but ask them beyond if they have heard of it and they will just tell you it is a ponzi scheme.

Every company with half a brain is starting to use BTC, most not hold but use.  The average person knows nothing of this and thinks the price is at zero and the "ponzie scheme" has failed.

The next phase will be the early adoption phase, we are not there yet.  Soon enough the average dimmit will understand BTC is not a ponzie scheme, ponzie game, easily hacked, millions more printed by computer programmers, etc.

Everyone assumed we were in early adoption in Nov this was inncorrect.

Agreed, this is why many feel it is a great time to buy regardless of what the price is doing!  I think the price of a Bitcoin is just a tool we use to trade them.  It's not an indicator of Bitcoins true value, IMO. 

I was asked how much for a Bitcoin and when I said the price was under $500 the person was shocked.  People don't have the foggiest idea what is going on with Bitcoin.  I think the GOX debacle made it easy for people to ignore Bitcoin and now their missing the good news and the big picture. 

[Ondago]

How the hell do you define "early adoption" if not the past 4 years?

I think in terms of creating a global currency from the ground up, this is still VERY early adoption. Still plenty of work that needs to be done.