Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 18/01/2022, 19:08:50 UTC
One interesting thing about tech adoption curves.  The further we go into new tech, the more aggressive the middle section is.



One of the things that can slow down an adoption curve is need/expense.  Look at air conditioning.  It is not an absolute NEED, and it is expensive to deploy AND maintain.  Same as dishwasher.  But look at electricity.  It is arguably very important, and you do not have to use much of it.

Bitcoin is facilitated by other curves.  Cell phones, internet, computers.  And it is more pure.  And it does not really have a price.  it *IS* the price.  you can store the value of a new set of tires in it just as easily as you can a fleet of commercial aircraft.

I predict the bitcoin adoption curve will be one of the most aggressive yet.  And I think that will also be reflected naturally in the price.

The issue with Bitcoin, is that much like gold, whether it is a need (a must have) is entirely depending on a person's mindset.

For example, high inflation affects us all, but only a very small segment of the world population is motivated enough to actually do anything about preserving their wealth. Or even CAN do anything about it.