Post
Topic
Board Economics
Re: Monthly average USD/bitcoin price & trend
by
molecular
on 31/12/2013, 12:45:02 UTC
While it is too tempting. Let's not get too carried away by this. Log(Log)) chart implies Bitcoin will be a Million dollar each before end of 2014.

I don't think many here are getting carried away in the sense that we assume much predictive power to this in a serious way. ("It cannot go on forever" certainly applies).

We just don't have the infrastructure or adoption for it yet.

Infrastructure, I agree. Adoption: well, this whole thing is adoption-driven, so adoption is predicted (if you use this model as prediction) by the model itself.