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.
Is it true that the end stage of mania can go geometrically super-linear, meaning an acceleration of the percentage rate growth in price?
I expect we've moved into bubble blowup phase transition already, because this is psychologically to the internet as the invention of the combustion engine was to gasoline. Before that we were burning whale oil for lamp lighting.
As stated upthread, I think the logistic S curve is inapplicable to a mania. Rather it is applicable to adoption of technology for efficiency reasons, e.g. modern appliances and computers. Bitcoin adoption is driven not for primarily for efficiency although one can make arguments for and against Bitcoin being more efficient, rather for innate survival instincts that resolve around saving for the lean times, i.e. the notion that one's savings could be devalued to nothing by not buying it.
S-curve is very applicable to Bitcoin's adoption as a payment technology "use as a currency".
Don't everyone think that the "store-of-value" aspect was a little overextended when the average bitcoin stash per owner was $12,000 a week ago?
(If not, then just scale it to the adult population of the world and we get $54 trillion bitcoin market cap when all are in (9 times that of gold). Sounds like what we've been dreaming, ergo must be true.)
