Topic: Is Bitcoin growth going exponential? (Read 2820 times)
Reasonable growth, every year increases, and this show that there are many beginners to be able to mine bitcoin. Seeing success in an online business will certainly be able to continue to grow.
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
yet we are stuck since more than a year already, the impact if the last ATH from the big dumping that happened afterward, has frozen the good opinion that many had about bitcoin
now, because of that they are reluctant to trust bitcoin again, and this will not change until further improvements on any aspect of bitcoin
Well in the last year we were rebalancing after MtGox's fake pushing up of the price. If you compare to 2 years, we're at 270$~ vs 110$~ which seem pretty good imo. Now that we're mostly stabilized after the aforementioned bubble, we can start getting real growth data from what will happen from now on.
Unless another bubble hit soon...
The growth of Bitcoin is not exponential. It grows according to the number of users and the demand of Bitcoins created either from other people or the media. This can be derived from new services or existing companies adopting Bitcoin into their businesses.
That's not a small number to leave off. The nearing halving will do some magic on bitcoin user base as well as bitcoin prices.
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
Yes of course the Bitcoins growth is going exponential and I am sure it will reach its peak amount in this year .2016 will sure bring the good hope for all the Bitcoins users around the world.But what is so special about 2016?
What does 2016 have that wasn't there in 2015?
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
Yes of course the Bitcoins growth is going exponential and I am sure it will reach its peak amount in this year .2016 will sure bring the good hope for all the Bitcoins users around the world. Also of interest:
About 2M wallets August 2014
4M wallets August 2015
So it doubled in 1 year. For it to double again we need 8M wallets in Aug 2016, seemingly not impossible because at the moment we look at 1M new wallets every 4 months. Coupled with some slight exponential growth I would say we are on track easily for 8M wallets August 2016.
16M Aug 2017
32M Aug 2018
64M Aug 2019
128M Aug 2020
256M Aug 2021
512M Aug 2022
1024M Aug 2023
2048M Aug 2024
4096M Aug 2025
...
That is of course highly simplified but who knows...it could be even faster because money is such an emotional thing - it may just lead to a situation where the rats run from the ship, although past historical data appears to indicate otherwise.
i think it will peak more higher in 2018 or 2017 because if people could get to know it it will make the joinon rate explode About 2M wallets August 2014
4M wallets August 2015
So it doubled in 1 year. For it to double again we need 8M wallets in Aug 2016, seemingly not impossible because at the moment we look at 1M new wallets every 4 months. Coupled with some slight exponential growth I would say we are on track easily for 8M wallets August 2016.
16M Aug 2017
32M Aug 2018
64M Aug 2019
128M Aug 2020
256M Aug 2021
512M Aug 2022
1024M Aug 2023
2048M Aug 2024
4096M Aug 2025
...
That is of course highly simplified but who knows...it could be even faster because money is such an emotional thing - it may just lead to a situation where the rats run from the ship, although past historical data appears to indicate otherwise.
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
I'm confused by people saying that the growth will be an S-curve, not exponential. An S-curve is no different than exponential growth. The S-curve is just exponential growth that has hit the saturation point.
Each S-curve is composed of many fractal S-curves. Take Facebook for example. Harvard had its own S-curve. Then growth plateaued for a few weeks or months until critical mass built up at another university. Then there was an S-curve at that university. Then there were a few weeks until critical mass built up at a third university. We should expect to have months go by where it seems like nothing is happening. We need critical mass to build up in a new demographic or new country or whatever to see the new waves of adoption.
Each S-curve is composed of many fractal S-curves. Take Facebook for example. Harvard had its own S-curve. Then growth plateaued for a few weeks or months until critical mass built up at another university. Then there was an S-curve at that university. Then there were a few weeks until critical mass built up at a third university. We should expect to have months go by where it seems like nothing is happening. We need critical mass to build up in a new demographic or new country or whatever to see the new waves of adoption.
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
yet we are stuck since more than a year already, the impact if the last ATH from the big dumping that happened afterward, has frozen the good opinion that many had about bitcoin
now, because of that they are reluctant to trust bitcoin again, and this will not change until further improvements on any aspect of bitcoin
Well in the last year we were rebalancing after MtGox's fake pushing up of the price. If you compare to 2 years, we're at 270$~ vs 110$~ which seem pretty good imo. Now that we're mostly stabilized after the aforementioned bubble, we can start getting real growth data from what will happen from now on.
Unless another bubble hit soon...
The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more
yet we are stuck since more than a year already, the impact of the last ATH from the big dumping that happened afterward, has frozen the good opinion that many had about bitcoin
now, because of that they are reluctant to trust bitcoin again, and this will not change until further improvements on any aspect of bitcoin
2 years ago the price was fairly close to what it is now. What growth?
One thing to bear in mind is how many more coins there are around now compared to back then. There are three million more or so.
2 years ago the price was fairly close to what it is now. What growth?
Actually, 2 years ago it was at 110$, since then we had the MtGox manipulate the price to a massive extent, then crash to all hell, according to people, survive several "official deaths" and now we're at a stable 200$+
If you don't see the growth difference between value one and two, then no i guess there wasn't any growth(?)
The past price number has nothing to do with future predictions. Because the user base and bitcoin accepting business are completely different when we comparing. The real potential of bitcoin only will come out when no one is prepared to face it.
2 years ago the price was fairly close to what it is now. What growth?
Actually, 2 years ago it was at 110$, since then we had the MtGox manipulate the price to a massive extent, then crash to all hell, according to people, survive several "official deaths" and now we're at a stable 200$+
If you don't see the growth difference between value one and two, then no i guess there wasn't any growth(?)
2 years ago the price was fairly close to what it is now. What growth?
Do not think it has exponential growth. Just common sense tells it. At least, not fast-exponential enough to notice it along several months. Maybe it will have double value in 100 years and five fold value in 200 (that would be exponential) but it would not matter really.
The price will rise in preparation for the block halving, there is a major rumor that the bitcoin price will rise after the block halving so people are now buying in. 4.5 M wallets must belong to atlas 1-2 million people.
I thought coinbase alone had something like 2M registered users. Unique ones.
Not sure if I misunderstood that.
Not sure if I misunderstood that.
3M users...who knows. What do you base that on? I've seen anything from 500k users to 5M users flying around.
3M sounds potentially reasonable although I would not be surprised if there are say 1.5M only at this stage.
3M sounds potentially reasonable although I would not be surprised if there are say 1.5M only at this stage.
I find this hard to believe. I honestly think that in whole Bitcoin industry there is no more than 1M users. Of course, I wish I am wrong. I wish that there is 10M, but I don't think that's possible.
Heck just on this forum, there is a bit more than half a million registered users. I know this doesn't mean a lot, but it's a number for some sort of reference however.
I don't trust that article...if there are 3M now and we get expected S-curve adoption/growth I can imagine 50M in 2019. Maybe a bit more,maybe a bit less but in that ballpark.
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