For those of you who're worried about your investment, or maybe you're thinking on buying more, or you bought at a certain price point, and you're not having the profits that Bitboy was promising, you might be interested on looking at some of this information. First, let's take a look at this graphic on the Adoption (expected) curve on blockchain technology by the industry. Adoption curve (made in 2017). As you can see, we're about to hit the halfway point of adoption, and I believe this graph it's being very modest, after all it was made on 2017, and the technology has grown bigger and better since then, now we have more and more uses for crypto, new projects comming with new and better ideas to help on a lot of real life problems, or real life already existing business. Now, if we take a look at other past technologies adoption curves, with real life data, we get something like this, the so called Technology S-Curves. % Penetration of Technologies on the US market. We get a type of S shape curve, with almost every technology. It took half a century for electricity to be widely adopted in the US, a quarter of a century for half the population to get TVs, but mobile phone adoption took only half that time. Now let's compare one of the fastest adopted technologies of all time, The Internet adoption rate vs Bitcoin price. But before that, you must know that as of January 2021 there were 4.66 billion active internet users worldwide - 59.5 percent of the global population. Of this total, 92.6 percent (4.32 billion) accessed the internet via mobile devices. A fun fact, computers and internet goes back to 1,960. A computer cost was 700,000 usd (4,6m on todays price). And the first message ever sent was the word “lo;” the researchers were trying to type the word “login” and the system crashed after two letters. Crypto will have his errors, bugs, trial and dumps, but this is expected on a new technology. Internet adoption vs Bitcoin price. According to this graph, we are yet to see, the real price of BTC, and it is quite accurate on the price point we're seeing today. What about the offline people, those who have never used the internet before? On the US there's only 7% of people that have never ever used the internet. That's a little bit mindblowing for me, at this day and age. Now, let's see how it's BTC beating the adoption speed of the Internet, and not according to me, but from Michael Levin, a former Google employee. Internet vs BTC adoption, via Michael Levin. "In only 12 years, Levin estimates that BTC reached 135 million users today with projections to have 1 billion users by 2025. It’s possible to distinguish that when the Internet was at the same point in its adoption curve, it took 7.5 years to reach 1 billion users. BTC will do the same in almost half the time. And can you imagine that, BTC reaching a 1 billion users? That would be huge for the entire ecosystem". Now, what about the new adresses, and the creation of wallets. We had a massive peak on 2017-2018, that was when we had a massive dump, and also one of the biggest if not the biggest bull run of all time. Now I know, that sounds like a God (Omnipresent), but let's face it, based on all the facts, and a little bit of speculation, we can see that Bitcoin and the whole crypto community will take a huge adoption speed rate, and we're seeing it right now, most of all this present year, with even countries like El Salvador, making bitcoin part of the entire financial system. I'm not worried about a dip, a red day, or anything like that. I believe on this new technology, and the present power that it has to change the world. Anyhow, hope this post was helpful, and made you get a better perspective on the entire ecosystem. [link] [comments] |
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