When i look at bitcoin and see the remarkable things happening . Given history i was able too look at bitcoin, the internet, and electricity and contrast those innovative things with the south sea bubble, tulip mania, and the Mississippi bubble. The biggest difference was value. All of the things that caused a crash had a massive inflow of speculators. Now i'm not saying Bitcoin is any different with the speculators but what really separates bitcoin is the more people who decide to join the network and stay within the network (just like people did with the internet) the more people adopt to the innovative technology. We are in an exciting time with bitcoin and crytpocurrencies. The mass adoption stage of bitcoin is coming and coming very soon. Wall street will start to trade bitcoin on the Chicago mercantile exchange in the 2nd week of December. Retailers will soon start accepting bitcoin everywhere.
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As you can see by the s-curve, bitcoin and all other cryptocurrencies are started take the shape of the s-curve. Instead of having the theory of what comes must come down, lets side with the most applicable to bitcoin and cryptocurrencies which is a new innovative technology on the rise and the value increases when the more people adopt . In the case of bitcoin and other cryptocurrenices we are started to see the early signs of something as indestructible as the internet or even electricity.
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Can I ask why you decided to use Bitcoin as your point of reference? While the growth of value has been fantastic it is possible that it will collapse under it's own success. Why did you not possible compare against another currency such as Ethereum? I'm not criticising your work, just interested to know.
Speaking of Ethereum, my latest video looks at why the price is so high. Would love to get your thoughts on it.
Up-voted
Anton
love the reply anton
I use bitcoin as my point of reference because i believe this will be the first cryptocurrency to reach mass adoption. I believe in the power of ethereum tremendously and definitely see it surpassing bitcoin in market value. Most highly adopted cryptocurrencies will see the same fate as its predecessor such as bitcoin, bitcoin cash, ethereum. I will go over this more in a post later. I will check out your video seems like it will be interesting.