Post
Topic
Board Economics
Re: Monthly average USD/bitcoin price & trend
by
rpietila
on 09/12/2013, 22:43:12 UTC
If we truly are going to the "more vertical" part of the S-curve, there's a possibility that the growth is so fast that it goes toward parabolic rather than logarithmic.  So we may be seeing that uptick OR we may be WAY ahead of where we should be still (although $500 seems VERY firm at this point).

Where were we 30 days ago? Oh yes, $290, and just had crossed the ATH and everybody felt so good.

Now, $912 seems "cheap" to them who would like it go to the moon before Christmas.

There is still so much air in the bubble. Hard to know, which outcome I would like most, ch00 ch00 or orderly reversion to the trend.