Post
Topic
Board Speculation
Re: Bitcoin Price March 2018, March 2019 and March 2020
by
gentlemand
on 09/03/2017, 15:04:16 UTC
Predictions like this tend to forget one rather important thing, rises happen because real people put real money in. The bigger the rise, the more real people are required. You can't magic them up from nowhere.

Real people are not predictable and they're extremely conservative as to where they throw their money. The latecomers will be more conservative than the nutters who arrived early.

If there are enough of them then that isn't a problem but nothing happens in a vacuum.

And I don't think the technological S curve can apply to something so complex that requires people to really think. Very few know anything about money. Adopting mobile phones or the internet was a no brainer.