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Just like with pirate
Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out.
Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly.
Sure... or you're really wrong and the old graphs charted over things like stocks don't apply to Bitcoin. Much like they don't apply to thinks like the adoption of TV, computers, the internet, human population growth, inflation of fiat currencies and so many others. It really is just a matter of how wrong you might be.
That's why I bring up pirate, his zealots claimed that traditional wisdom doesn't apply to bitcoin and hence his scheme too.
OK, giving you the benefit of the doubt. With Pirate, the maths didn't work. With Bitcoin they do. Nobody is suggesting exponential growth ad infinitum. Just a sharp rise, then a more civilised one as Bitcoin reaches out to a percentage of its actual potential (again, like the adoption of television, radio, the internet itself, none of which is a bubble).
Right now, the growth is as it should be if you think of Bitcoin as a technology with the potential for a market cap of somewhere in the region of a few hundred billion to a trillion or so USD. Given Bitcoin's advantages, and the current state of fiat and governments around the world, this could or not be a reasonable assessment. But it isn't necessarily wrong.
With Pirate, it was.
That's simply crazy...
