Bitcoin has incredible value as an international transfer mechanism. You can take any amount in and out of any country. You don’t need permission from any government.
You can send it across any border—or any number of borders—as often as you want. And there’s nothing anyone can do about it.
Latin America, where bitcoin helps people get around capital controls. (Governments use capital controls to trap money within their borders so they have more to steal.)
Bitcoin helps people bypass these restrictions. That’s because governments can’t freeze, seize, or block the transactions.
This is why bitcoin is such a disruptive and exciting technology, and why bitcoin should be a critical tool in your international diversification toolkit.
Bitcoin’s use is set to explode… and it could make you a fortune.
On August 9, 1995, the internet had its “mainstream” moment.
That’s when Netscape held its initial public offering (IPO) and released its web browser, Netscape Navigator, to the world.
At that point, the internet had already been around for 15 years.
Yet despite being one of the greatest inventions in history, the world was slow to adopt. In 1995, only 0.3% of the world’s population used the internet.
The internet needed a catalyst. And looking back, it was Netscape.
The numbers back it up.
In 1995, there were 16 million internet users. Then Netscape Navigator came along. By the end of 1996, the number of internet users had more than doubled to 36 million.
And five years later, we reached over a half-billion users. That’s growth of over 100% annually.
The success of the IPO inspired the term “Netscape moment.” Today, we use the term to describe an event that signals the dawn of a new industry.
I believe we’ve already had our Netscape moment for another technology: bitcoin.
Now, it’s incredibly difficult to make predictions, especially without the benefit of hindsight. And I might be wrong.
Nevertheless, today I’ll tell you which key event over the past two years was bitcoin’s Netscape moment.
Bitcoin Is Like the Internet in 1995
Today, there’s an estimated 15 million–35 million bitcoin users. We’ll split it in the middle and call it 25 million.
That’s 0.3% of the population… similar to the number of internet users before its Netscape moment.
Like the internet in 1995, bitcoin continues to gain popularity.
The chart below highlights the key events of the last two years.
To me, one event stands out as bitcoin’s Netscape moment. That’s when Japan legalized bitcoin.
Bitcoin’s Moment
Since bitcoin was legalized, here’s what has happened in Japan…
More than 260,000 stores in Japan are rolling out bitcoin as a payment method.
Stores at famed electronics marketplace Akihabara have started accepting bitcoin.
Japan is setting up a bitcoin “testing hub” for fintech companies.
Leading Japanese bitcoin exchanges have unveiled plans to accelerate adoption.
It’s all leading to increased usage of bitcoin in Japan.
Volume on LocalBitcoins has accelerated since the law went into effect. And it had its highest volume week of the year the last week of June, topping 4.7 million yen (about $42,000).
Tokyo’s Sushi-Bar Numazuko Ginza 1st is an example of the growing popularity of bitcoin in Japan. The restaurant was one of the first to accept bitcoin payments.
The restaurant’s manager said there were only a few bitcoin payments per month two years ago. By March 2017, that number increased to about 70.
This quote from the restaurant manager sums it up best: “Japanese customers are using bitcoin more than we expected.”
How to Profit From the “Bitcoin Moment”
I think we’ll look back at Japan’s legalization of bitcoin as its Netscape moment.
Every day, millions of people are working on bitcoin to make it better. And its acceptance will only rise from here.
And just recently, South Korea announced it will regulate and legalize bitcoin. The trend that started in Japan continues unabated.
The best way to profit from this trend is simply to buy bitcoin.
Read the full story by Tyler Durden at www.silverdoctors.com (also a great online place to buy gold/silver bullion)
Real source:
http://www.zerohedge.com/news/2017-07-26/bitcoin-internet-1995
You just copied the article :/
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Your right.....and I posted a link at the bottom of my post stating that.....and the author. Thanks for being the police here though.
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So what?! There are no "rules" here against posting content from other sources. I don't have to post a direct link to the article, only give credit to the author. Instead of trying to be mr. Steemit police man you should focus on trying to make friends here with other heavy Steem power holders. Since this is not what you like to do....instead criticize others for the way they like to post ON THIER OWN ACCOUNT......enjoy your 118.00 bankroll and whoring yourself out to SteemWhale like you have been doing, begging for upvotes. I'm sure your gonna be able to buy many packs of bubble gum and pixie sticks at 7-11 with the money you make here acting like you do. I am gonna go ahead and upvote you to the top of this post so you will be exposed to everyone who reads this right at the top. Lol.....you need more people like me here who are willing to invest 80 Grand in the foundation of Steemit for its success! Ain't nothing gonna be successful with your measly 118.oo from your piggy bank you emptied to be a policeman here. Not only did I give silver doctors credit, I endorsed them as a credible source to buy bullion. I am REGULAR customer at sdbullion.com I am confident they have no issues with me re posting thier articles. More on down the road you little troll.
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Wow just before I'm about to upvote and then this, shameless people in this world!
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Good don't ever upvote one of my posts. I have tons of Steem Power here and I upvote every single comment, which spreads money to minnows like you to help you get started. I spread tons of coins around in here, I'll make sure never to slip you any, or any of my friends I have brought here who have lots of upvote power. Good call on not upvoting this post. I'm sure your gonna have much success.
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What are your thoughts on LTC? Forget people complaining....if they can't read the bottom of the article F*** em! Cheers to the NFL Steemit community!
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Thanks man, cardboard box above needs to get a life. I really like LTC, I bought 20,000 of them when they were .06 USD in 2012 but sold most of them at 25 during that run up a couple years ago. I still hold a good amount for the long term and I think it will be used as payment because of its fees and speed. LTC is almost like holding BTC.
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@broncnutz, good call on the LTC! I am curious to know, what are your thoughts on:
Keep your content coming! Upvoted and resteemed because of your down-to-earth nature as a human being. More people like you needed!
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I will most likely sell the BCC I get for free after the split. It's a chance to increas my BTC holdings for free.
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Hopefully you sold up early! :)
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hahaha haters came in heavy today!
Thanks for sharing this article with us I probably wouldnt have found it otherwise
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Lol...no kidding....I'm a friggin upvoting machine over here too! All you gotta do is leave a meaningful comment and I upvote your comment every time. It's absolutely stupid to get sideways with a Steem Dolphin, I can help you build your Steem power. With only 260,000 accounts here.....this ecosystem on Steemit needs more benevolent Steem Power holders like me.
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Aint that the truth, i appreciate that... Im slowly working towards stacking up my steem power and spreading the wealth.
I recognized right away you have good intentions here on steem
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Thanks cuz!
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i am not going to miss it this time
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FOMO ;-) don't worry I caught it too
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Bitcoin is the future, i have no doubt. Nice article, Upvoted!
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waaaaaaaah.....It turns out you are a smart @broncnutz .... hahahahah, teach me, what should I do with "bitcoin" ..... when there is time ... continue another article so that others know about your article is different from the Else in post #steemit ok ... say resteem all your articles hahahha
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hahahah....thank u vote @broncnutz
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@broncnutz,
Correct dude! That's what I am thinking too. BTC price will climb up and up... and we can buy a SATOSHI by spending few $ in near future :D
Thanks for sharing this great analytical report!
Cheers~
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I've read some articles speculating that by the year 2025 bitcoin will be at around 100K. So now i'm doing my best to stock up bitcoins hihihi.
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good times to buy Bitcoin now .
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Also I am not supporting BCC, but if I were you I would also buy some Bitcoin Cash. JUST IN CASE the price of Bitcoin falls due to the adoption of BCC
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I think its all very exciting to watch this baby grow. Thinking a few years ago I own alot of bitcoin but sold them when price was 219$. Should have kept them haha. But yeah I bought back in later.
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When others countries will legalize it we will smile mate!
Even if i think that BTC will not have the same diffusion of internet for many reasons but my personal prevision for the future about it is around the 40% of the population that in 20yrs will use it in such countries where it's legalized.
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Japan has legalized Bitcoin because their own currency is performing quite badly.
This will take another 10 years for global currency recognition.
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Hey very nice post @broncnutz.
I definitely agree that we are at the early stage of cryptophenomenon. Price raises will be almost definite in August. Thanks for sharing!
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Or price crash :) I do hope BTC stays strong, but the fact that a major Chinese exchange like Huobi is backing the new BCC (with increased block size) this could prove to be a catalyst for a major decline in the Bitcoin price.
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So is it too late now If I invest in BTC? Will it make people become a millionaire after 10 years? I am curious to know your opinion!
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I think now or in the next week is a good time to be buying. I'm still buying. I think BTC will be 10k in 2020 at least.
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VERY GOOD POST!!!! THE BEST OF THE WORLD IS BITCOIN!!! BTC IS THE FUTURE!!! :D :D :D :D BTC <3
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I'm always buying BTC. It's the future for sure!!!
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Nice analysis! Learning something new everyday...ill take this useful info and capitalize on it immediately!
Thank you!I like your content, followed definitely! Keep on keepin' on!
Cheers!
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Nice detailed report! Keep it up!
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Thank you sir.
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Agreed. I think we will eventually see some epic prices for bitcoin but I still have no idea what to think about the coming changes and the August 1st Bitcoin Cash shenanigans. Regardless for long term it is definitely a great buy!
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Yeah so true, I have been reading about the upcoming changes as well. BCC or BTC, we will know that one of these will become the major market player!
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I still remember reading about bitcoin all those years ago and lazily thinking I must buy me some of that.
Roll forward many year and I think the same again...the difference is this time I'm actually going to do something about it
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Had you bought the coins all those years ago, you would be on a yacht somewhere :)
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You are so right, I try not to dwell on it to much:-(
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BTC is the leader of all coins, so it will never go anywhere! I wish BTC will be 1 million dollars :D... and hope you will be rich too!
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If you invested in 1995 then you must be living the life now haha
The prices will only go up and the best thing you can do is invest now when it is relatively cheap before prices increase dramatically.
Superb post @broncnutz
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The Blockchain, nor Bitcoin, was existent in 1995 :)
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Remember, there will be a limited supply of BTC forever... as by design. Just understanding simple supply side economics, you know the price of BTC has only one direction. All aboaaaaard!
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Unless BTC gets replaced with BCC. I'm pretty sure the Titanic Captain also said "All Aboaaaaard!" as well? :)
Only kidding ;) but still, worth noting that cryptocurrency in general will be huge, but Bitcoin's value is subjective to the upcoming hard fork tomorrow.
Who knows, BCC could die just as quickly as BCC was created, this remains to be seen...
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Very uplifting article on BTC. I too think it's only going to get more and more expensive as time goes on. People think it's expensive now? Just wait......
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Realistically how expensive do you think this will be though? With the upcoming fork to BCC (Bitcoin Cash) and all, do you think Bitcoin will still be worth a lot? If anything?
The market seems to be pricing in the fact that Bitcoin will stay. But this remains to be seem...
Do you realistically think 1 Bitcoin can be worth $100,000 within the next 8 years?
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Maybe not within the next decade but after there are no more BTC to mine you have to break up the existing ones into way smaller bits to supply the peoples demands if it were to be the top or one of the top digital currencies right? At that point I would say it'll be worth shit loads more than what it is now. Maybe on the other side it totally goes away and something else replaces it? IDK but at present I'll buy it and hold it.
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Awesome photography.I am voting you.Please check my post.- @viphh2017
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What photography????.
You dint read jack crap......u just begging for upvotes? I mean it's cool if you are, just say so.
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Unless he is talking about the photo of your back pointing to your name! :)
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