Bitcoin's Hype Cycle Is Just Getting Started, Update 9/8/2017
In a previous post (https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-just-getting-started) I describe how the logarithmic charts for Bitcoin's daily growth have not yet exhibited a true hyperbolic state.
I have taken a second look at the situation and it appears we are still capable of another jump in prices.
Long term Bitcoin prices remain BULLISH
If you had purchased Bitcoin in January of 2013 and sold on November 30th 2013 you could have made more than 120X your investment. Perhaps the days of such rapid growth are gone now that we are in the THOUSANDS. I remember buying Bitcoins for only a few hundred dollars each just last year! In late 2015 the price even dipped below $200.
It will become increasingly harder to make quick money in crypto as more intelligent investors begin to take over the scene. Eventually the flood of institutional investment will make its way into the cryptosphere but until then we will have to rely on the strength of the growing community.
We may actually be at the base of the next mountain. Did anyone pack climbing gear?!?
Great information. The crypto space is maturing with time. Gone are the days when a bitcoin trader could not get a good nights sleep.
My original source image is from 99bitcoins.com they have a fantastic site over there I highly recommend you check them out :)
Thanks for Amazing information....
I mention your same points over and over again in my posts. Once we hit 10% adoption in the spring (March 2018) we will see the beginnings of parabolic growth. Anytime there is a panic and noobies panic sell big institutional money will scoop up the crypto's
@hotsauceislethal got you a $1.55 @minnowbooster upgoat, nice! (Image: pixabay.com)
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