Everyone Is Early To Bitcoin

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I know of people that see the price of bitcoin and think to themselves, “Damn, I missed it. I’m late.” Because of this, they are drawn to the lower priced coins, the altcoins, that will ultimately have no value in the long run. They think the coins that are trading for less than a dollar are somehow going to become the “next bitcoin.” The issue here is that there is no “next bitcoin.” Bitcoin was, and is, a historic accident, kind of like the discovery of fire by our ancestors. For context, let’s discuss the early internet.

In the early 1990s, only a small number of people had access to things like email and forums. Back then, the internet was an oddity. Not a lot of people had a clue of where it was going. Few could have imagined social networking, social media, the iPhone, online conferencing and the shift to online business, and especially Amazon, which would be founded in 1994 as a bookstore. I think that’s where we are with Bitcoin. We are still very, very early. Particularly because so many people are not aware of all the developments that are occurring and what’s being built on top of Bitcoin as we speak.



Source link Bitcoin Magazine

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