RimmerDall

Near Ideal Three Drivers Completing, Long Term Thoughts

BITSTAMP:BTCUSD   Bitcoin / Dollar
632 1 2
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...
Thanks for posting! I "want" to agree, and IMO the system is yet still so far in it's infancy because the true future application of the coin hasn't really been able to catch-up, but hopefully your chart is a sign of implementation to help the market rally.
I don't own a single Bitcoin right now. But that's because I'm watching the market and waiting.
Here is some info on companies trying to do just that - implement the application. It takes time. And Canada seems to be getting the ball rolling faster.
Unitely is just one of them.
https://cryptostocks.com/securities/88
https://docs.google.com/spreadsheet/ccc?key=0Ap2RKH07Mk3UdDVmaEhicHQ3d0R5X0c4VTl1anp0UWc&usp=sharing#gid=0

Don't forget to check out all the other companies on the crytpostock website. Who knows 3 to 4 years from now we might be charting company stocks per BTC.


And for the sake of exchanges, don't forget:
Cryptsy.com is about to open up their BTC/USD exchange

If you guys already hadn't seen this clip. Check it out. It's on the future of Bitcoin.
http://www.totalwebcasting.com/view/?id=nysdfs



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