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According to a report released by tech advisory firm Gartner, bitcoin and other cryptocurrencies are still in their hype but might be due to plateau in two to five years. The report included bitcoin in its sectors marked by “over enthusiasm” and “unrealistic projections”.
This annual release is marketed for R&D firms and tracks the maturity of more than 2,000 nascent technologies on the road to mainstream adoption. It makes use of five key stages that follow expectations over time: innovation trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment, plateau of productivity.
Too Much Bitcoin Hype?
Bitcoin and cryptocurrencies were first mentioned by the Gartner report in 2014 when it indicated that the sector just reached the “peak of inflated expectations”. Since then, the price of bitcoin has been on a steady decline before stabilizing around $220-250 these days.
“Physical assets become digitalized and become equal actors in the business value chain alongside already-digital entities, such as systems and apps,” the report explains. Still, cryptocurrencies are rated highly for their potential impact and high levels of interest.
“Although we have categorized each of the technologies on the Hype Cycle into one of the digital business stages, enterprises should not limit themselves to these technology groupings,” clarified the firm’s vice president Betsy Burton. “Many early adopters have embraced quite advanced technologies, for example, autonomous vehicles or smart advisors, while they continue to improve nexus-related areas, such as mobile apps.”
Other reports also confirmed that bitcoin as a cryptocurrency is losing its appeal lately, with the underlying technology or blockchain gaining the spotlight. After all, several bitcoin exchanges have been suffering hacking attacks here and there and the cryptocurrency just can’t seem to shake off its association with illegal activity and money laundering.
Thomistic Cajetan 
dr evil 
Allice Wonder 
stckpkr7000 
So what is your opinion of the report, Sarah?
This is a very poor article, and it is pure garbage.
First of all bitcoin is not “hype”, its the real deal. This is no scam, and it is certainly from an academic perspective the most mindblowing technology EVER. It draws parallels to so many different fields in order to be able to fully understand it, cryptography, economics, game theory, computer science, hardware and simply so many things. Now as to whether you should be well diversified in your portfolio that is a different thing. But there are many in the bitcoin space that are fully invested both in the currency and fully invested also in the infrastructure aspect. Some only invest in the infrastructure aspect, and that is it. I would say that approach is the healthiest one, and the currency aspect for now is a bit too volatile due to low market cap.
Also exchanges getting hacked are because they are retarded. We have been saying ever since we have had multi sig wallets available to use them. If you have a hot wallet, its going to get hacked period. The best in the space combine cold storage, with multi sig. It is simply impossible to hack that, you would have to crack the cryptography aspect, and the only thing that could potentially do that is quantum computing. But there are ways in which one can make the bitcoin cryptography aspect shor’s algorithm resistant. I.e. it would be immune to quantum computing 10^36 effective power. So in my opinion there is not much to worry about, in the security aspect of it.
bearish times ask for bearish news. .. especially small ones like this website probably have some bias stake into this 😉 soon i’ll be paying a few websites to go all bullish news. just have to be patient 😉 i’m dr evil after all ..doing evil things .. and i want sharks with laser on it too .. hehe
If you have been involved form the beginning you would know that 4 years ago it was worth hundreds less. Quite a bit of steam still building. Your random non fact based “some exchanges” and “these days” shows a total lack of understanding it all. Good luck in life. Have any left over btc ill take it off your hands for ya.
the only think i see is: 75 % of all coins are out there.. already by 2016 the amount of bitcoins mined will halve in 2016 aswell.. so currently inflation rate at this point is pretty big. 3600 new coins come on the market each day which is between 800k or 1milj $ a day thats beeing bought at current prices. .. for such a small market. i’d say.. we are doing just fine.. the momentum in infrastructre builing has never been bigger. the new buzzword blockchain will just take bitcoin to the next level.. ppl must realize a blockchain without a token might not be as secure as they think 😉 .. it’s just a fancy database spread over a few locations. (which is still better then 1 centralized ofcourse). you just have to look behind the price action .. because thats a small market going nuts in volatility…(but very profitbable ) .. the fundamentals though.; are stronger then ever.. and thats something that ppl should be more educated about.. smart money is buying these levels .. i know i am buying each month a few btc just like i buy gold, longeterm stocks, land, house… you name it.
Just a headline to grab eyes as it’s only generalizations backed by opinion. meaningless…….