Quote from: Red-Apple on March 09, 2017, 02:56:20 PM

good post. it would have been 10 times better if you said these things on a chart that you extrapolated the data using some lines.

i should add that the speed of price rise goes down as time passes, it means in the first years the rises could easily be 1000% or more in a year for instance but as time passed and it reached the 7th and 8th year the rises became 300% or 180% in a year.

so until next year i would expect something between 100% to 200% price rise compared to this year price.

also i should add that there are some stuff that can change this speed. for example if some kind of adoption happens. for example if ETF is approved, if some other thing happens that can cause a big adoption, it can lead to much more price rise upto 500% and more.

ok, i can work on a chart , a good idea

the doubling effect ( From Moore's law) is well known in the tech world, think internet usage, cell phones, etc

so Bitcoin will follow the S-Curve of technological adoption

( its called the S Curve simply because of its letter "S" shape, its defining characteristic is the extremely slow exponential ramp up to the point at which the growth goes "vertical" and big majority adoption is rapidly achieved)

we are still in the Innovators/Early adoption stage