We are still early adopters

[BigBertie]

Still very early adoption stage


Once Bitcoin is integrated to the masses through social media we will have growth



December, 1995 - internet users
   
16 millions
   
0.4 % of world population
   


Mar, 2014 (est.)
   
2,937 millions
   
40.9 %
   


just adopters
not early or late

[Buffer Overflow]

What are you talking about?

[BigBertie]

What are you talking about?

we are still early adopters in terms of percentage of users.

[Flashman]

Truth

[Soros Shorts]

What are you talking about?

Not sure, exactly. Maybe some kind of chart with growth/penetration of Bitcoin superimposed on growth/penetration of internet would make things a little clearer?

[1Referee]

You already assume the same will happen with Bitcoin....

Time will tell, but for sure there is a lot more to come  

[chennan]

So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

[cassimares]

So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

Too late, its already at close to 400$. It was 350$ few days back.

[OhMyCoin]

So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

Too late, its already at close to 400$. It was 350$ few days back.

This already happened a week and a half ago. BTC price rose up to $450 and then fell back to $350. We'll see how things will be by the end of this week though.

[AtheistAKASaneBrain]

So how many verys would you use for these that own thousands of Bitcoin effortlessly due mining and buying in the cents to 1$ period? these are the very very early adopters to me.

[arbitrage001]

What are you talking about?

we are still early adopters in terms of percentage of users.

Price is up where it expects world wide adaptation and usage.

Buy at your own risk.

[MF Doom]

but there was nothing like the internet then.  There a lots of other payment processors/currencies/payment tools that work essentially just as good if not better than bitcoin in most situations.  I just dont get how people compare adoption of the internet to adoption of bitcoin, its not a similar situation.  

[TaunSew]

The original post is deceiving as we're not at 15 million.  Bitcoin is only 500K - 2M users.  Jeffrey Robinson on the other hand claims it's as low as 250K users.  

As for comparing this technology with payment processors, you obviously have no idea what the payment processors are (middle men between you and the merchant - hence processing of the payment to the merchant - payment processor).  If digital currencies become big enough then the payment processors will integrate them, including PayPal and Stripe.


Last point but Bitcoin has so many PR and image problems.  Bitcoin is now on television and newspapers a bit (especially if you read the financial sections) so you can't pretend nobody has heard about it.  There's been sample polls indicating that 40% to a majority of adults have heard of Bitcoin but people aren't coming in because all they've heard are scams and thefts.

[Elwar]

People will stop using the Internet. It's going to zero.

[kokojie]

Difference is Web has 300M users at 5 years mark, we have no more than 1M users at 5 years mark. At this rate, it'll be year 2150 when we reach 1% population

Still very early adoption stage


Once Bitcoin is integrated to the masses through social media we will have growth



December, 1995 - internet users
   
16 millions
   
0.4 % of world population
   

December, 1996
   
36 millions
   
0.9 %
   

December, 1997
   
70 millions
   
1.7 %
   

December, 1998
   
147 millions
   
3.6 %
   

December, 1999
   
248 millions
   
4.1 %
   

March, 2000
   
304 millions
   
5.0 %
   
July, 2000
   
359 millions
   
5.9 %
   

March, 2001
   
458 millions
   
7.6 %
   

April, 2002
   
558 millions
   
8.6 %
   

March, 2003
   
608 millions
   
9.7 %
   


Dec, 2009
   
1,802 millions
   
26.6 %
   



Mar, 2014 (est.)
   
2,937 millions
   
40.9 %
   

[Flashman]

Perspective, even if all the bitcoin users were in the US, 2 million strong, then it would only be 1% still...

Adoption curves of various technologies....



Perspectives on tech adoption in general...

http://www.slideshare.net/louadi/07-technology-adoption-life-cycle-2014


We are not even at the crook in the "S" curve yet, for most things it seems to require a critical mass of 2 or 3 percent to hit that steep climb. Look at the difference in gradients between the first part of the S and the middle, if how we've expanded and price has risen looks "scary" and unsustainable so far, you ain't seen nothing yet.....

[Elwar]

Difference is Web has 300M users at 5 years mark, we have no more than 1M users at 5 years mark. At this rate, it'll be year 2150 when we reach 1% population

"We set up a telephone connection between us and the guys at SRI ...", Kleinrock ... said in an interview: "We typed the L and we asked on the phone,

    "Do you see the L?"
    "Yes, we see the L," came the response.
    We typed the O, and we asked, "Do you see the O."
    "Yes, we see the O."
    Then we typed the G, and the system crashed ...

Yet a revolution had begun"

1969

[Hippie Tech]

Bitcoin is crypto fiat. Because of that, it will never achieve mass adoption unless it is forced upon us.

6 billion people have been feeding on table scraps for centuries. There is no way they are just going to bend over and allow karples, and his caravan of scammer fatass crypto private bank insiders, the opportunity to continue on with their gross injustices.

[inca]

Bears out in force today. Patience is a virtue.

[commandrix]

Point, but couldn't you make a neat chart out of it? My opinion is that it's no coincidence that cryptocurrencies are getting their start right when people are starting to get serious about colonizing space. Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.