Written by Alexandra Perry Two years ago, Twitter was struggling.Hot off its IPO, the company was grappling with explosive user growth — growth that crashed servers and had its tech team scrambling.These technological hiccups cost Twitter users.In general, people are impatient.All it takes are a few errors for them to delete an application or abandon a commitment.Twitter rode out those bumpy months, improving its framework.It now offers a far more advanced social network for users.Today, this is happening to Coinbase.After a $20 surge in price, Ethereum tanked hard.It dropped from a high of $214 to $160.The currency's fall corresponded with continuous issues from cryptocurrency exchange Coinbase.Coinbase crashed multiple times.If you are trying to set up an account, you will likely have problems with your credit card authentication.Payments and transactions are taking longer.Users are furious, taking to social media to lambast Coinbase.Ethereum and Bitcoin have responded as expected, dropping in value as people panic sell.

Coinbase's users have a right to be frustrated — especially since there is so much money on the line.But, believe it or not, Coinbase's issues are a good thing.They signify explosive growth in the digital currency sector.The company has added thousands of users in the last couple of days.It now has 7,200,000 daily users.Ethereum was up almost 150% in the past two weeks; Bitcoin has grown by over $1,000 in the past month.Novice investors flooded the market, trying to capture these gains.This was a recipe for disaster for Coinbase, which previously catered to a small, experienced investor pool.Now they have to scale to keep up with user demand.Join Wealth Daily today for FREE.We''ll keep you on top of all the hottest investment ideas before they hit Wall Street.Become a member today, and get our latest free report: "Three Reasons to Buy Ethereum" We never spam!View our Privacy Policy After getting your report, you'll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.

Growth is always good.The fact that more investors are moving into Ethereum and Bitcoin is good.The technological hiccups these platform experience along the way are just speed bumps, warning us that digital currency is moving a bit quickly.thailand bitcoin farm fireCelebrate Coinbase's issues instead of being alarmed.mine litecoin programThis drop in price is a good thing.bitcoin node redditIt offers devoted Ethereum investors a chance to buy low.wie funktioniert bitcoin youtubeEvery time Coinbase has an issue, inexperienced investors panic and that initiates waves of panic selling.bitcoin expiration date

This is the equivalent of someone jumping ship when they see a drop of water on deck, not knowing whether it's rain or if the boat is actually sinking.Bottom line: If you sell now, you are going to lose.bitcoin client cudaThe smart investors are sitting in the background, holding and waiting for the dust to settle.So, don't shoot yourself in the foot.There is nothing wrong with Ethereum.It's the same technology that enchanted massive corporations and tech companies.The only thing that has changed is the volume of people acquiring Ether, and the exchanges will have to adapt and improve to meet this need.Buy low, sell high, and don't be a victim of panic selling.Like other people in the tech industry, I have wondered what it would have been like to attend a Homebrew Computer Club meeting in the years between 1975 and 1986 when the PC revolution was starting.Last Friday I gathered with a surprisingly large crowd at the Ethereum MeetUp in London to hear Vitalik Buterin talk about: “Cryptoeconomic Protocols In the Context of Wider Society” That is right.

This was about as interesting to 99.999% of the population as the discussions at the Homebrew Computer Club.Decades from now, Ethereum and other Blockchain 2.0 re-decentralization MeetUps may have become forgotten footnotes in history or they may become the subject of books, movies and magazine covers.Who knows what will happen, but it was an intellectually stimulating evening.That is a tribute to Vitalik Buterin.He is clearly an intellectual force, but he is also very articulate and approachable in a young professorial kind of way.You can see the sort of intensity that people have described in Bill Gates at that age.We can stretch the Homebrew Computer Club analogy too far.I simply mean that the re-decentralization of the Internet and the creation of distributed automated business services may be as game-changing as the invention of PCs c 1975.History may or may not repeat, but history certainly speeds up.Ethereum raised about $15m in August 2014, having been founded in January of the same year.

That is a lot of money in an incredibly short amount of time.(Ethereum raised money in Bitcoins, so the amount raised depends on what the famously volatile currency is doing at the time of writing).Ethereum raised money in what was once described as an IPO, but more accurately should be described as an ICO (Initial Currency Offering).Avoiding the kind of hair-splitting that is essential for lawyers and regulators, I have treated Ethereum’s August 2014 capital raising as something analogous to an IPO in order to do some historical comparisons; the money was certainly not raised from institutional funds.This of course leads to talk about bubbles and even scams that I think are wrong: Ethereum is a non-profit foundation building open source software that anybody can take without paying the founders a dime.Indeed IBM has already taken Ethereum to make it work on your fridges and light-bulbs for the Internet of Things.As Stephan Tual of Ethereum told me on Friday, “take” implies a one-way street; which is not what IBM is doing.

Anything that IBM adds to Ethereum gets added back to the Ethereum open source community for any developer in any garage or corporation to use for free.The $15m that Ethereum raised ensures that Ethereum is properly funded and that developers get paid, but the big money will be made by the commercial ventures that use Ethereum.If Ethereum takes off, those early developers will get highly paid gigs in the commercial ventures that use Ethereum.Each tech cycle speeds up by an order of magnitude for good reasons.The Internet accelerated quicker than the PC cycle because we already had PCs when the web browser took the Internet to the mainstream.The re-decentralization cycle that is enabled by Ethereum and other technologies will happen even faster because we all now have high speed and mobile connections to the Internet.That is what I decided to track in my History of Tech Cycles chart: Ethereum Microsoft Apple Netscape Facebook Tech Breakthrough 2009 1960 1960 1989 1989 Leader Founded 2014 1972 1976 1994 2004 IPO Date 2014 1986 1980 1995 2012 Years from Breakthrough 4 26 20 6 14 Years From Founding 0 14 4 1 8 Months Founding to IPO 8 168 48 16 96 Capital Raised 15 61 100 140 16,000 $ per month Founding 1.88 0.36 2.08 8.75 166.67 $ per Year Breakthrough 3.75 2.35 5.00 23.33 1142.86 For those who love to pick this apart, my notes follow.