As Bitcoin has become more centralized, they will strangle it, which we can see happening if we look at any metrics that measure the rate of growth, e.g. the market cap rate of growth has slowed which is what
I showed that it is log-logistic not logistic as should be normal for technology adoption. (note Risto doesn't accept or agree with my curve fit, so we will have to wait to see if it was correct or not)[/b]
It is so tiring (and wasting my time which takes away from doing real work that could help us) to respond to slander by ignorant posters due to their ignorance.
Your log-logistic fit would have been perfect in late 2012, showing the slowing of growth and maturation of the technology. So having this analysis, you would have sold all your bitcoins at $13 or at least never bought any. Right?
So one of us now holds bitcoins at $623, because his model was correct and already has an astounding 94.5% Rsq-coefficient (far higher than any log-logistic fit to the bitcoin 5-year price data).
Bad models have real world consequences to those who choose to follow them. The weakness of yours is that it is obvious that the saturation point of bitcoin is in 100s of millions or billions of users, and you are interpreting random noise to mean a secular slowing of trend at the point when the actual slowing of the adoption rate is still 3 orders of magnitude away!