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RE: How Do We Define Mainstream Adoption?
I find it interesting that some people are already trying to call it a Bitcoin bubble. To me, since most people on the street don't know what it is (still)... and most retirement accounts don't include any crypto (still).. we are no where near mass adoption in percentage terms. As far as timeline goes, I think 5 years from now virtually everyone will know what Bitcoin and crypto is.. (well.. at least know it exists). I've gotten quite a few people at work into mining Zen, ZCash, Verium, and also to invest a little. I wish I had got in earlier than I did, but I can't complain as this is still very early.
Not already, continually. Bitcoin is constantly declared "dead" or in a bubble, over 100 times in the fake press. This is mostly people feeling FOMO and trying to rationalize their way out of missing out.
You know it's really a bubble when those same idiots are buying in.
Very true!
BTC is a great dinosaur that everyone tries to overthrow. But he's always out there. It is simple and fulfills what promises, is a currency of digital exchange. only that. We are a long way from a bubble, banks themselves and stock market operators are spreading these false rumors because they are losing customers.
They call it bubble because they compare it to the stockmarket, most of them are not aware that cryptos are nothing like that. Its the idea behind it and a deflationary system. The will always believe its a bubble, because they dont have the right perspective. I dont believe its the right question to ask. is it a bubble or is it not? The right question to ask is. Does the system prevail? Is there a use or function for it? Does it have longterm value?
I know right. Sure it might be a bit inflated because some people are speculating with it.
But that doens't mean the entire coin is worthless.