Once the supply/demand reaches equilibrium with high volumes (maximum adoption), the price will be finally much more stable. (not expecting to increase anymore)
the hilarious thing is that once this has happened and the price discovery phase is over, the speculators will exit the market in troves. the ones that stay will short, and we will see the first real bear market in bitcoin history, The Great Correction.
The Great Correction? With your shades on it seems like you've been waiting for this for a while!
i just hope i live to see the day. for the time being the infinite bullrun has been loads of fun, but i expect that the top of this massive curve will be the biggest bubble yet! it's just exciting in general to think about the future of bitcoin in a real sense... remembering that when i first came here it was a niche project, not a fledgling payment system
thinking about the future reminds me of just how far we've come in the past two years and it blows my mind! speaking of which, i once had 200 bitcoins (when they were $5 apiece of course). if only i had hodled....Agreed, bitcoin has all the characteristics to turn into a HUGE bubble (and I mean overvalued in the long-term, not just the price oscillations we have seen so far), but if everything works out as we hope it does, we are still very far away from that point.
not quite sure... i think it will be very difficult to tell, indeed, when the price discovery phase has actually ended. it will simply be a massive bubble (and each new one is bigger and bigger, anyway), that doesn't stabilise back onto trend. ever. this is partly why it's so exciting, because it will be nearly impossible to predict. determining the final market cap for bitcoin given worldwide adoption has always been a particularly masturbatory practice, as you can see from the many threads dedicated to such a task which all yield wildly different results based on the varying initial assumptions.
--arepo
