Bitcoin

Near Ideal Three Drivers Completing, Long Term Thoughts

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So far Bitcoin price has shown incredibly regular, cyclical growth patterns. I am new to markets and I know that past patterns do not neccessarily indicate future patterns. However, to me these looks like the logarithmic 's'-curves within 's'-curves of new technology adoption rather than the chaotic movements of a stock price. It would be fascinating to see such a curve translate directly into the market when that new technology is itself a currency (or store of value if you like).

If that is the case, the 's'-curves we see here are to make up a larger 's'-curve. Judging by the news, I'd say we are on the tail end of the 'early adopters' or very beginning of the 'early majority' phase of adtoption, and thus at the knee of an exponential growth curve, which tapers off over the next 5-10 years to a stable value (probably faster, as technology tends to follow exponential growth rather than fit our linear intuition. The pace of things always suprises people). What's even more suprising is that these are logarithmic cuves on a logarithmic scale, so truly mind-blowing growth is a possibility.

Take this for what it's worth--rough speculation, but I wouldn't risk being a 'laggard'. Especially when dealing with something that has the potential to change 'normal' to a greater degree than even the internet did.

Edit: This should say 'long' not 'neutral' but I can't figure out how to change it...

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