Post
Topic
Board Speculation
Re: Are we going to see a HUGE jump in Bitcoin price?
by
bobdude17
on 24/05/2013, 11:20:08 UTC
I don't understand people and their linear charts. That's not how Bitcoin works. As the more people adopt, the speed increases exponentially as well as the number of adopters. Bitcoin is a virus, its mechanics are based on it. Nobody's chart ever accounts for viral spread.

That's why the chart above uses the logarithm of the fx rate, therefore you can plot a linear trendline but it is actually exponential!  This is capturing the "viral" super-growth rate.

I see. Well I guess we just disagree on what viral means in terms of Bitcoin, I think this will be happening much faster than that. $1000 next September is laughably low.