4 ms·

Bitcoin has about 9 years of history. And until ~October 2017 it was a pretty obscure thing, primarily known about by “nerds”. That is no longer the case. I wil

Bitcoin has about 9 years of history. And until ~October 2017 it was a pretty obscure thing, primarily known about by “nerds”. That is no longer the case. I will leave myself a calendar reminder to check this thread in 5 years. I will be very surprised if BTC is trading higher then than it is now (~$3500).

jki275 8y ago
Bitcoin hasn't been obscure since 2011 or so. As far as 5 years from now -- who knows where it will be trading. I suspect it will be higher than it is now, but there's never a guarantee on any of this.
- dagw 8y ago
  Bitcoin hasn't been obscure since 2011 or so. My father-in-law didn't know what Bitcoin was in 2011, nor were the sort of newspapers he read covering Bitcoin in prominent articles. Neither of those things are true in 2018.
- the_gastropod 8y ago
  > Bitcoin hasn't been obscure since 2011 or so. Obscure for who? I doubt very much your average grocery store cashier, barber, or airline pilot had ever heard of Bitcoin. The farthest-back data I can find (from 2013) shows BTC had a market cap of ~$800 Million. At its peak, it was over $600 Billion. Amongst the HN crowd, BTC was not obscure in 2011—you're right.
  - jki275 8y ago
    That doesn't make it obscure. MtGox wasn't a secret. It was relatively well known and covered in the news, and I don't mean tech news. 2011, maybe 2012, was when bitcoin entered the public lexicon and it's only become more and more ubiquitous since.
  - the_gastropod 8y ago
    I leave you: https://trends.google.com/trends/explore?date=all&q=bitcoin https://trends.google.com/trends/explore?date=all&q=bitcoin
tim333 8y ago
If I was hazarding a guess I'd say the next crypto boom will be lead by a proof of stake coin, maybe a new improved ETH so BTC may languish a bit. BTC is a bit environmentally unfriendly.

4 ms·

Bitcoin has about 9 years of history. And until ~October 2017 it was a pretty obscure thing, primarily known about by “nerds”. That is no longer the case. I wil

by the_gastropod 8y ago

jki275 8y ago
Bitcoin hasn't been obscure since 2011 or so. As far as 5 years from now -- who knows where it will be trading. I suspect it will be higher than it is now, but there's never a guarantee on any of this.
- dagw 8y ago
  Bitcoin hasn't been obscure since 2011 or so. My father-in-law didn't know what Bitcoin was in 2011, nor were the sort of newspapers he read covering Bitcoin in prominent articles. Neither of those things are true in 2018.
- the_gastropod 8y ago
  > Bitcoin hasn't been obscure since 2011 or so. Obscure for who? I doubt very much your average grocery store cashier, barber, or airline pilot had ever heard of Bitcoin. The farthest-back data I can find (from 2013) shows BTC had a market cap of ~$800 Million. At its peak, it was over $600 Billion. Amongst the HN crowd, BTC was not obscure in 2011—you're right.
  - jki275 8y ago
    That doesn't make it obscure. MtGox wasn't a secret. It was relatively well known and covered in the news, and I don't mean tech news. 2011, maybe 2012, was when bitcoin entered the public lexicon and it's only become more and more ubiquitous since.
  - the_gastropod 8y ago
    I leave you: https://trends.google.com/trends/explore?date=all&q=bitcoin https://trends.google.com/trends/explore?date=all&q=bitcoin
tim333 8y ago
If I was hazarding a guess I'd say the next crypto boom will be lead by a proof of stake coin, maybe a new improved ETH so BTC may languish a bit. BTC is a bit environmentally unfriendly.