We are still early adopters

[slaveforanunnak1]

sorry to break it to you boys, but we are still in the "fringe"

[ChuckBuck]

Forget fringe, we still in the chasm:



Just gots to give it some time to marinate, let the devs and investors do theirs, and we do ours by actually using it.

[bitcoinmining]

When I share something about Bitcoin on Facebook, nobody like that or no comment about that; cause they don't know. But I know in 2 or 3 years people share their ChangeTip links like crazy, talk about discounted prices with Bitcoin, talk about Bitcoin price's dumping/pumping etc. If that days come, Bitcoin price will be more than $10,000 guys, we'll see this I believe!

[fenican]

$50,000 seems like an achievable end state for BTC price. That would reflect about a $1T capitalization - very approximately 1/10'th of Gold. Levels beyond that are possible but IMHO overly optimistic.

[Willisius]

If you say based on percentage
We still early adopter

Maybe we have to wait 20 years to see most people adopt bitcoin 

I was actually shocked when some one told me how many people actually own Bitcoin.

Was thinking in the range of a few million people, but it's only a few hundred thousand.

There is so much room for growth, something tells me the next few years will be huge.

Yes there is room for growth but there needs to be a reason for it to grow, eg there needs to be a reason for people to buy and use it. Right now the reason why people would use bitcoin is because it provides a lower cost way of sending money, however there is the added cost of the fact that there are no consumer protections and many scam attempts (many successful)

[Flashman]

there are no consumer protections and many scam attempts (many successful)

Not really none, it's still as illegal to steal as anything else is.

[Flashman]

Forget fringe, we still in the chasm:



Just gots to give it some time to marinate, let the devs and investors do theirs, and we do ours by actually using it.

Yeah, that's playing on my mind, I'm hoping we get the momentum to jump that ......

[Flashman]

Oh and this gem turned up.

"Overhyped" "Number of users grossly overestimated" suggestion of being off by a factor of 10.

Sound familiar? No it's not the latest bitcoin FUD article...

It's the New York Times reporting on the internet in 1994...
http://www.nytimes.com/1994/08/10/business/business-technology-doubts-raised-on-number-of-internet-users.html

We know what happened next.

[Giulioz]

Oh and this gem turned up.

"Overhyped" "Number of users grossly overestimated" suggestion of being off by a factor of 10.

Sound familiar? No it's not the latest bitcoin FUD article...

It's the New York Times reporting on the internet in 1994...
http://www.nytimes.com/1994/08/10/business/business-technology-doubts-raised-on-number-of-internet-users.html

We know what happened next.

Yes, the people who invested in the internet back then are now billionaires

[djokica]

Yes there is room for growth but there needs to be a reason for it to grow, eg there needs to be a reason for people to buy and use it.

When this happen any crypto may became soul of purchasing something over the net.
I think that will be mainly purpose for most of cryptos.

[bajlox]

When I share something about Bitcoin on Facebook, nobody like that or no comment about that; cause they don't know. But I know in 2 or 3 years people share their ChangeTip links like crazy, talk about discounted prices with Bitcoin, talk about Bitcoin price's dumping/pumping etc. If that days come, Bitcoin price will be more than $10,000 guys, we'll see this I believe!

You got it right but more people are interested to hear something about it not just for bitcoin for all other cryptos.
Have several co workers who read something in paper and ask little about it.

I gave them few direction and they now read and explore possibilities for additional income like most of us.

[neurotypical]

Oh and this gem turned up.

"Overhyped" "Number of users grossly overestimated" suggestion of being off by a factor of 10.

Sound familiar? No it's not the latest bitcoin FUD article...

It's the New York Times reporting on the internet in 1994...
http://www.nytimes.com/1994/08/10/business/business-technology-doubts-raised-on-number-of-internet-users.html

We know what happened next.

Yes, the people who invested in the internet back then are now billionaires

Yeah, but what kind of BTC investment would you need to do NOW to become a billonaire in 10 years?

[fenican]

20,000 BTC invested now (~$7M) should put you on track to be a future USD billionaire

[neurotypical]

20,000 BTC invested now (~$7M) should put you on track to be a future USD billionaire

But who the hell has that kind of money to do that. We are talking a posbility for everyone.

Back in the day, someone that registered a couple of household names like what.. i dont know, sex.com, broadcast.com, news.com whatever.. and then started some basic business could become a billi.

With BTC i dont see it as clear. The opportunity to have a ton of BTC for a small investment is over. I can only hope that 1 BTC goes to 1 milli in a decade and I think im being delusional with that.

[slaveforanunnak1]

Oh and this gem turned up.

"Overhyped" "Number of users grossly overestimated" suggestion of being off by a factor of 10.

Sound familiar? No it's not the latest bitcoin FUD article...

It's the New York Times reporting on the internet in 1994...
http://www.nytimes.com/1994/08/10/business/business-technology-doubts-raised-on-number-of-internet-users.html

We know what happened next.

Yes, the people who invested in the internet back then are now billionaires

Yeah, but what kind of BTC investment would you need to do NOW to become a billonaire in 10 years?

Not sure, but having a few BTCs around will make you a millionare in a decade imho.

[wesk1212]

how are you and others who believe so sure that BTC is like internet?
internet (web / networking) is something that could not be avoided in humanity but crypto-currencies.. not necassary

[Flashman]

how are you and others who believe so sure that BTC is like internet?
internet (web / networking) is something that could not be avoided in humanity but crypto-currencies.. not necassary

Everything considered "essential" to modern life at present was seen as nothing but an expensive toy in the beginning.

[azguard]

Yes BTC is my opinion future in internet every day paying system.
The more you surf more ads you see about some exchange or casino or something similar to any crypto.

So bottom line is we wont be able to see full potential of BTC.

[scryptolife]

When I share something about Bitcoin on Facebook, nobody like that or no comment about that; cause they don't know. But I know in 2 or 3 years people share their ChangeTip links like crazy, talk about discounted prices with Bitcoin, talk about Bitcoin price's dumping/pumping etc. If that days come, Bitcoin price will be more than $10,000 guys, we'll see this I believe!

The fact that you have found this community shows that you probably are smarter than average. Your Facebook friends aren't if they represent a group consisting of average people. If you post something here, even if it isn't about Bitcoin people will understand. For that reason you may have the illusion that your Facebook friends should understand that as well. Even if 50 % of people some day have a Bitcoin wallet that doesn't mean they understand it. They still won't comment when you post about Bitcoin on Facebook.

[wesk1212]

how are you and others who believe so sure that BTC is like internet?
internet (web / networking) is something that could not be avoided in humanity but crypto-currencies.. not necassary

Everything considered "essential" to modern life at present was seen as nothing but an expensive toy in the beginning.

web / networking meaning networking and communicating with human species all over the world is an expensive toy?