If you purchased Berkshire Hathaway stock in 1980 you would have paid $200 for a share.
This stock is now worth $192,000 per share. Yet it took 34 years to get there.
See this:
http://finance.yahoo.com/echarts?s=BRK-A+Interactive#symbol=BRK-A;range=1dClick "Max" for the range.
From March 1981 to Aug 1982 it didn't move a penny.
Sat at about $500 for the entire year.From October 1984 to October 1985 it didn't move a penny.
Sat at $1300 for the entire year.Those of us annoyed by the lack of price increases lately - need to get some perspective.
$200,000 is a possibility. But 1 year with no price increase is perfectly in line with "how things play out" sometimes ...
-B-
Berkshire Hathaway, stock in a stock market. Not currency/money istlef. BTC is and CC's are going to make BH look like a basket case.
"Those of us annoyed by the lack of price increases lately"
can't use log graphs and don't know what a s-adoption curve is.
BH was never subject to almost universal commentary by every central bank plus, an alphabet soup of other agencies, nor had leading powers issue various dictums about it, if that gives you any idea of the magnitude of BTC.
Nothing even close to BTC has existed in history. BTC is almost a new thinking entity, its kinda close to a wetware agents/silicon data/backend, all working to/because they decrease S [entropy = inefficient systems] and so agents can accrue more E to themsleves. That's why its more or less a fait accompli
One wonders about ethierium, or nxt going the next step or something on BTC.
