Why cryptocurrency is ready to explode in 2018
Every seven years tend to bring major changes in the market world. The internet became commercialized in 1995. In the same year, Windows 95 was released and made computers user-friendly. Both of these technologies were considered a fad and would not last. People who adopted these new technologies in the eerily stages were able to find a lot of success as the technology matured. This group of people is the innovators of technology.
Seven years later, we began to see this technology to become implemented in everything. By this time, the introduction of smartphones we released as desktop computers were installed across the business world. Websites started to become the go-to place for people looking for information about their favorite brands. This group of people was considered to be early adopters of the technology world.
In 2009, we began to see a complete shift in the technology world. Websites were becoming replaced by social media platforms, smartphones started to become the go-to source for web browsing, and computers were as common as a toaster. Technology became integrated into everything that we do and began to change the way companies operate completely. This group of people is known as the Early Majority.
By now, you are probably asking yourself how any of this relates to cryptocurrency. The first block was mined in 2009, and the first bitcoin was available to the world. This is the innovation of a new technology that is as revolutionary as the internet. When it first came out, I was like the majority who thought that Bitcoin was a fad. Yes, at the time of the creation of Bitcoin, I was unable to see the true potential of cryptocurrency. I was too tied up in what other technology was doing to give this technology a chance. Like many, I missed out on a great opportunity that could have completely changed my life. Lucky for those who missed out on the innovation of Bitcoin, there is a lot of time to get started now.
Roughly about 2.5% of the population get involved in the marketplace. After seven years, early adopters begin to get involved. This means that 13.5 percent of the population begin to become involved in the marketplace. Bitcoin has entered into the early adopter stage in 2017. This explains why Bitcoin went from seven hundred used to just under six thousand used. The early adopter stage will last until 2024 and should bring a large amount of growth for the cryptocurrency. This is only the beginning.
In the early adopter stage, the cryptocurrency should begin seeing major advancements. We have already begun seeing a push to implement a way to streamline the cryptocurrency into the retail marketplace. By 2024, we will see retail integration that will be able to streamline the payment process for customers and business owners. If anyone is thinking about getting involved with the cryptocurrency, now is the time.
When Bitcoin enters the early majority stage, 34 percent of the population will enter the marketplace. By this time, cryptocurrency will become a popular payment method for people. Online stores will incorporate some form of digital currency payment and will be used to exchange for good throughout digital storefront. Most of the ICO’s that are introduced try to bridge the gap between digital currency and retail markets. We should begin to see digital debit cards become popular through 2018 and people beginning to sell things in exchange for digital currency.
If we look at the personal computer, Windows XP was released six years after Windows 95 and was considered to be the most streamlined version of the Windows operating system. The term “Smartphone” was introduced in 1995 after the release of the IBM Simon in 2002; the Palm Treo was released and brought smartphones to the business world. By 2009, the entire smartphone marketplace was ignited after the release of Apples iPhone and Googles Android devices.
What we can see from this is how technology starts off almost blind to the public but explodes once the market moves into the early adopter’s stage. If you go by the rule of seven-year market gaps, you can begin to see the cryptocurrency is about ready to explode in 2018. It is time to start investing in digital currency today.
For more information about customer segments, check out https://ondigitalmarketing.com/learn/odm/foundations/5-customer-segments-technology-adoption/