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RE: Bitcoin: If currency crashed, plunge would harm its investors but not economy

in #bitcoin6 years ago

hey Azzamkhalidi good post I will resteem.
But some critique as well.
You claim that the multiplikation of Price makes a bubble big or small. And you say that big (high x-fold increase) makes the system instable

but can you realy read this from history? I see only the rule that generaly said: big and fast increases are followed by a even more rapid decrease in Price (called crash). But to what Point such a bubble can grow or what indicates that it will pop in near future <-- about this, there is little to no evidence (I only know of the work of Sornette et al.)