Technologies do S-curves regularly. http://en.wikipedia.org/wiki/Technology_life_cycle
We are at A on the graphic but how close to M are we? Also how short will the vital life be? That's the question.
There are three possible trajectories.
Up and back down to $40 [L on the wikipedia s-curve graphic] with a very short vital life measured in weeks. A lot of people moving their wealth through bitcoin to gold and something safer than the Euro.
An S curve with it levelling off soon. Long vital life period measured in years.
A bumpy S curve with it levelling off down a $100 but still above the start last year due to the increased awareness and skill. L' on the wikipedia s-curve graphic.
In all three cases the early adopters that created or bought bitcoins below $50 will be cashed up and can now do a lot more work to improve it.
I missed out and wont be buying till it goes back down. I could have bought in when it was at 40c but I spent the money on medical stuff. [Hernia. I do not recommend the illness. OUCH ] I've made the same mistake with gold.
We are at A on the graphic but how close to M are we? Also how short will the vital life be? That's the question.
There are three possible trajectories.
Up and back down to $40 [L on the wikipedia s-curve graphic] with a very short vital life measured in weeks. A lot of people moving their wealth through bitcoin to gold and something safer than the Euro.
An S curve with it levelling off soon. Long vital life period measured in years.
A bumpy S curve with it levelling off down a $100 but still above the start last year due to the increased awareness and skill. L' on the wikipedia s-curve graphic.
In all three cases the early adopters that created or bought bitcoins below $50 will be cashed up and can now do a lot more work to improve it.
I missed out and wont be buying till it goes back down. I could have bought in when it was at 40c but I spent the money on medical stuff. [Hernia. I do not recommend the illness. OUCH ] I've made the same mistake with gold.