Quote from: flm on January 24, 2014, 12:59:28 PM

Wouldn't there more likely be a S curve rather than a gradual rise, over the next few years?

The usual S-curve would only look S-shaped in a linear chart (like BTCUSD does). In a log-chart the S-curve looks mostly linear, as its steep-rise phase is determined by exponential growth.

As much as I agree that you can't take the past as a strict prediction of the future, I think it's well possible that the price ran ahead of adoption. That's what easily happens in a heated bull run like in November.

Anyway, there are many good news coming in, so the "real" (whatever this means) adoption might catch up with the price rather sooner than later. Hard to say. At the moment I don't see much upward strength though, and we're still pretty close to the correction from the all time high. Some more weeks/months before the next bull run begins and we see a new all time high would just be natural market behaviour.