Post
Topic
Board Bitcoin Discussion
Re: Is Crypto growing at your expected rate?
by
audaciousbeing
on 18/12/2017, 10:57:17 UTC
I went camping for a few days... and BAM! $11k -> $17k!!!!!!

This is crazy! Grin Are you guys surprised?

There is need for a separation from the price growing and the penetration growing. When it comes to the price, then its growing beyond my expectation. If anybody would have told me that the price of bitcoin would be anything near what we have it now, I would disagree but here we are that price has surpasses even the most believer in bitcoin.

On the other hand, the penetration of bitcoin to me is still below expectation because the increase we see in price is not still commensurate with the data of people coming into bitcoin that could be said led to the increase in price. There is no big company that have adopted bitcoin in the last few months to the best of my understanding, there is no country that have adopted bitcoin to be a legal tender in the last few months, rather we have seen a lot of regulations happening, Steem stopping the use of bitcoin, countries considering an outright ban and a whole lot of negative news around.

There is still more to be done.