Post
Topic
Board Speculation
Re: The Price Is Still on Track
by
move_zig
on 30/04/2013, 17:27:44 UTC

Before anyone screams at me I'm just making a point.  I don't believe these graphs have much to do with the irrational exuberance behind the price.  This is simply to make a point about linear growth versus exponential.  Let's say that Bitcoin adoption continues at a linear pace as it has done for several years and the exponential is speculation.  Now here is a 6 month linear graph.  6 months, I didn't have to go back 3 years.  Cheesy




It doesn't make much sense for the price to rise linearly. It's just as "hard" for a price to go from $1 to $2 as it is for it to go from $1000 to $2000--it's the same amount of growth. If you invest $100 when the price goes from $1 to $2, or if you invest $100 when the price goes from $1000 to $2000, you end up both times with $200.