<h5><i><b>It seems we have landed; most voices on the internet seem to agree that Bitcoin's price of $6,000.00 in February was this year's low. Right now as I'm typing this the price is hovering around $8,250.00.</b></i></h5>

<h3>However, alt-coin prices rise even faster</h3>
<p>As Bitcoin loses some of its dominance; during the bear market, Bitcoin's dominance was slowly rising as investors fled from alt-coins to bitcoin for some much needed stability. Even if Bitcoin sunk 70% in a matter of weeks, most alt-coins lost even more. The fact that money is flowing back to alt-coins is yet another sign of increased confidence since it shows that investors are willing to take more risks.

<center>![image](https://drive.google.com/uc?export=view&id=1hcHcDSrpXD_EFdB4FscIde-ReQXSDHBQ)</center>

<h3>But this is TA and very short-term;</h3>
<p>we *could* go back down again and re-test the $6,000.00 level in the short term. The *real* reason to be optimistic about Bitcoin's future becomes apparent when taking a broader view. I am talking about the way new technologies are accepted in the market as described in the theory of [Diffusion Of Innovations](https://en.wikipedia.org/wiki/Diffusion_of_innovations):

> Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. Everett Rogers, a professor of communication studies, popularized the theory in his book Diffusion of Innovations; the book was first published in 1962, and is now in its fifth edition (2003).[1] Rogers argues that diffusion is the process by which an innovation is communicated over time among the participants in a social system. The origins of the diffusion of innovations theory are varied and span multiple disciplines.

<p>This process of adoption is described best with a Bell Curve, while evolution of market share is represented by an S-curve:

<center>![image](https://drive.google.com/uc?export=view&id=1gRq4HrxHTGKO_AgoHdymWmh5Axr4BIro)</center>

<p>Note that these graphs above are representative of "traditional" products, and that "internet products" seem to accelerate market adoption exponentially because the means of distribution is... well.. the internet! Apps spread a lot faster than refrigerators! As seen in the graph below, the newer the technology, the faster the adoption-rate:

<center>![image](https://drive.google.com/uc?export=view&id=1wBNE5ETC5unb4wJGriSJyemr5B7dqXqi)</center>

<p>The kicker is this: we are still in the "innovators" section of the bell curve on top! We are still in the first 2.5% of market adoption and market share! It's easy to forget with all the noise and hype in our space, but we haven't even started the "Early Adopters" phase yet. And only then will market share go up in any significant way, because it will be a result of real people using it and not just speculators betting on it.

<p>Alt-coin season has arrived early it seems, so by all means try and take advantage of that if you're at all comfortable trading or investing in credible ICO's. But be sure to not mistake this for bad news as a Bitcoin hodler, and don't miss the Bitcoin party when we enter the Early Adopters phase: it will be a blast!

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