plommer Posted April 27, 2016 Report Share Posted April 27, 2016 http://moneyweek.com/how-to-get-started-with-bitcoin/ I’ve always been rather cautious – bearish even – about bitcoin from an investment point of view. I’ve recommended that you educate yourself about the tech, rather than put significant amounts of capital to work. I think I was right with the call. When I was writing the book, bitcoin was trading above $500, and it was in a bear market, one in which it remained until late last year. The price ended up falling below $200 a coin. My outlook, however, has changed. It’s in a bull market now. And I think you should buy in. There were all sorts of factors that informed my caution, but chief among them was a cycle which research company Gartner has dubbed “the hype cycle”. All new technology seems to go through it. A simple way to explain it is to look at the rise of the internet and the dotcom boom-bust. There are so many adjectives we could use to describe the advances we’ve seen since the year 2000. Amazing, breathtaking, mind-blowing – take your pick. In 2000, only about 350 million people were online. Now it’s more like 3.5 billion. Computers were slow, the internet was slow, Google was only a couple of years old. Facebook didn’t exist, nor did 4G, cloud computing or Gmail. Smartphones? Are you kidding me? Some of us still hadn’t got our first Nokia brick. Those are some massive changes. And yet the Nasdaq – the US tech stock index – is still trading below its 2000 highs. How is such a thing even possible? Gartner’s hype cycle explains. There are five phases. First we have the “technology trigger”. Somebody’s come up with some new tech that piques interest among the few. Some seed money and start-up capital comes in to aid research and development, and we get some first-generation products. Think dotcom in the 1990s. As the media becomes interested, we move into phase two, “the peak of inflated expectations”. More and more people get excited. This tech is amazing/breathtaking/mind-blowing. It could change the way we operate. Speculative and mainstream money comes in. Share prices start going bananas. Think dotcom in 2000. That leads to phase three – “the trough of disillusionment”. Prices start to fall, and there’s some negative press as the first-generation products don’t quite match expectation. The realisation dawns that less than 5% of the potential audience has fully adopted. Funding becomes more cautious, and some businesses go under. The thing snowballs into a crash as the speculators rush to get their money out. Then, with bearish sentiment proliferating, we head into phase four – “the slope of enlightenment”. This is the long, hard slog towards mainstream adoption. A lot of the necessary infrastructure has been built thanks to the preceding boom, so that need is covered. Meanwhile, second and third-generation products are launched. Some of them are not so bad. Belts have been tightened and business practices improved. More and more users are slowly coming on board. Finally, that takes us into phase five – the “plateau of productivity”. That’s where dotcom is now. Companies such as Amazon, Apple and Google are making big money. Half the world’s population – or thereabouts – has at least some internet access. And the internet is doing all those things that people said it would back in 2000. In fact, it’s probably doing even more than that. Quote Link to comment Share on other sites More sharing options...
Daniela Posted May 27, 2016 Report Share Posted May 27, 2016 Such a long post, almost historical one! I agree with these five phases you mentioned but what it is exactky you are reffereing to? Honestly I don't see the connection,we should buy in because of what?And what book were you writing? Quote Link to comment Share on other sites More sharing options...
plommer Posted May 30, 2016 Author Report Share Posted May 30, 2016 Such a long post, almost historical one! I agree with these five phases you mentioned but what it is exactky you are reffereing to? Honestly I don't see the connection,we should buy in because of what?And what book were you writing?Daniela you sexy bitch. I did not write the article, I posted it with a link because I agreed with it. Quote Link to comment Share on other sites More sharing options...
plommer Posted June 16, 2016 Author Report Share Posted June 16, 2016 $770 as of this writing. Quote Link to comment Share on other sites More sharing options...
yisman Posted August 1, 2016 Report Share Posted August 1, 2016 in the last 45 days, a bitcoin has gone from 768 to 614 Quote Link to comment Share on other sites More sharing options...
eberetta1 Posted August 8, 2016 Report Share Posted August 8, 2016 You make a perfect argument to invest in the Nasdaq. Quote Link to comment Share on other sites More sharing options...
sports j Posted August 23, 2016 Report Share Posted August 23, 2016 Pretty stable last 3 days Quote Link to comment Share on other sites More sharing options...
plommer Posted May 19, 2017 Author Report Share Posted May 19, 2017 $770 when plommer started this thread. $1900 today Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 29, 2017 Report Share Posted May 29, 2017 $2200+ Quote Link to comment Share on other sites More sharing options...
ronald Posted June 1, 2017 Report Share Posted June 1, 2017 Very few replies. No one like a winner, Plommer. This is a forum that reveres losers. Brock, Dobbler, Keith, etc. Quote Link to comment Share on other sites More sharing options...
Liamjk Posted October 6, 2017 Report Share Posted October 6, 2017 it's price constantly changes, but is always high ! Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 18, 2017 Report Share Posted October 18, 2017 $770 as of this writing.16 MONTHS later, it is 5300 today congrats Quote Link to comment Share on other sites More sharing options...
El Chapo2017 Posted April 26, 2019 Report Share Posted April 26, 2019 But low, sell high. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted April 26, 2019 Report Share Posted April 26, 2019 schlong coin is going up Quote Link to comment Share on other sites More sharing options...
El Chapo2017 Posted April 27, 2019 Report Share Posted April 27, 2019 I got in cheap and made 7 figures. Quote Link to comment Share on other sites More sharing options...
El Chapo2017 Posted October 15, 2019 Report Share Posted October 15, 2019 I got in cheap and made 7 figures. EZ Money... Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted October 27, 2019 Report Share Posted October 27, 2019 finna buy some bitcoin on thursday Quote Link to comment Share on other sites More sharing options...
El Chapo2017 Posted March 22, 2020 Report Share Posted March 22, 2020 Buy Low, Sell High... Quote Link to comment Share on other sites More sharing options...
El Chapo2017 Posted June 23, 2020 Report Share Posted June 23, 2020 Quote Link to comment Share on other sites More sharing options...
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