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Regarding the CNBC article:
(1) Maybe they're right? Maybe their wrong? (lol)
(2) I don't understand where the arbitrary January 2016 date comes from
(3) If I was forced to pick a date I'd say that Mt Gox (https://en.wikipedia.org/wiki/Mt._Gox) put bitcoin on the map back in July, 2010
(4) Based on my own observations, which unfortunately i cannot share too much about, I'd say that a majority of the new wave of people who jumped into Bitcoin in November/December 2017 were just average people (some with more money than others) who began hearing about Bitcoin and feared that they were missing out and/or thought it was now the cool thing to do. Most seem to have lost their money because they bought high and sold low.
(5) Coinmarketcap.com stats for Bitcoin.com only go back as far as April 2013.
Coinmarketcap is falling out of favor ever since earlier this year (2018) the one man team decided to remove Korean exchanges from the average BTC price.
(6) There are different methods calculating the value of Bitcoin. The original system at the first bitcoin exchange site in 2009 (New Liberty Standard) was the cost of electricity to produce a Bitcoin. There are several other methods including Blocktivity - https://blocktivity.info/
(7) The value of Bitcoin, peer to peer electronic cash, is the ability to be your own bank and permissionless digital payments.
(8) If, or perhaps when, Bitcoin becomes just a store of value we may see Bitcoin Cash (https://coinmarketcap.com/currencies/bitcoin-cash/) become more popular than Bitcoin.
Who knows, perhaps in several months we will all look back and see that none of us knew what was coming.
(1) Maybe they're right? Maybe their wrong? (lol)
(2) I don't understand where the arbitrary January 2016 date comes from
(3) If I was forced to pick a date I'd say that Mt Gox (https://en.wikipedia.org/wiki/Mt._Gox) put bitcoin on the map back in July, 2010
(4) Based on my own observations, which unfortunately i cannot share too much about, I'd say that a majority of the new wave of people who jumped into Bitcoin in November/December 2017 were just average people (some with more money than others) who began hearing about Bitcoin and feared that they were missing out and/or thought it was now the cool thing to do. Most seem to have lost their money because they bought high and sold low.
(5) Coinmarketcap.com stats for Bitcoin.com only go back as far as April 2013.
Coinmarketcap is falling out of favor ever since earlier this year (2018) the one man team decided to remove Korean exchanges from the average BTC price.
(6) There are different methods calculating the value of Bitcoin. The original system at the first bitcoin exchange site in 2009 (New Liberty Standard) was the cost of electricity to produce a Bitcoin. There are several other methods including Blocktivity - https://blocktivity.info/
(7) The value of Bitcoin, peer to peer electronic cash, is the ability to be your own bank and permissionless digital payments.
(8) If, or perhaps when, Bitcoin becomes just a store of value we may see Bitcoin Cash (https://coinmarketcap.com/currencies/bitcoin-cash/) become more popular than Bitcoin.
Who knows, perhaps in several months we will all look back and see that none of us knew what was coming.
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