Quote from: proudhon on November 09, 2013, 01:05:40 AM

Quote from: Loki8 on November 09, 2013, 12:59:03 AM

Quote from: wobber on November 08, 2013, 09:34:31 PM

I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential!

History teachs us... the crash will be very very hard and quick.

We hardly need to look that far back to understand that. Many of us here have lived through bitcoin "crashes" that were harsh(er) and quick(er).

Why economists fail on understanding bitcoin.
history was always with a inflationary currency.
This one is a deflationary one

that's why all stats will fail here ,, dollar is inflationary since the beginning it was baked by a Limited supply of gold but at that time nobody knew how much this was precisely! and even now we don't know the amount of ounces gold in
planet earth!
But,,, with bitcoin it will be 21.000.000 so , its a known constant! we are currently at 11925350 btc so that's also known... and that's why it does what it does.
its the first time in history that we know the total of supply available on forehand to a currency system.