Post
Topic
Board Speculation
Re: Are we going to see a HUGE jump in Bitcoin price?
by
600watt
on 26/05/2013, 13:44:20 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.

Exactly, these charts and lines are so pointless.

i see it now! a lot of people think that looking at the rate of adoption it appears as looking at a stock chart. what is a buyer of stocks doing with them ? just waiting for the right moment to sell. but what is a buyer of bitcoins doing with them ? invest in an avalon group buy, play some poker, buy some weed, get the pair of alpacas that you always dreamed of, play some satoshi-d, show your friends, explain your grandma, etc. etc...  one of them is just a share of a giant company. the other is real life AND a share of a giant social experiment fueled by a disruptive technology par excellence.