3 votes

Bitcoin Bubbles are normal and Predicted

Hi everyone,

So I know a lot of people are worked up by Bitcoin's extraordinary run up and it's steep corrections.

I think it should be noted that this is all part of normal growth and adoption.

Bitcoin is an entirely new and paradigm shifting Technology. It will have it's ups and downs as it battles to become fully adopted. This Technology is disruptive in nature and threatens the status quo so it should be expected that they will not give up with out a fight.

I just want to point to a few references for those skeptics and bubble bursting cheerleaders to look at:

Lead Bitcoin developer predicts 4 to 5 future Bubbles in 2010

https://bitcointalk.org/index.php?topic=249.msg2083#msg2083

Why Bitcoins Growth is normal

http://www.youtube.com/watch?v=qHUPPYzzZrI

Lead Bitcoin developer speaks about how this system bypasses corrupt banks and betters the world.

http://www.youtube.com/watch?v=HYo7q5Lkk1w

Have a good day

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the blackboard 101 is a must see

!

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
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http://www.dailypaul.com/303151/bitcoin-has-gone-on-an-insan...

Yes it is

plenty on here that are confused have never looked into that adoption curve.

Satoshi did something remarkable in giving the world this technology.

Where this growth would only be experienced by VC's and Angel investors
now anyone who see's value in Bitcoin can participate as such.

We will be literally seeing rags to riches stories for years to come.

Great News for Bitcoin from China

http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_inve...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Someone should do a comparison with other things that are

discovered, like bitcoin.

For example, were there large price fluctuations in helium when it was first discovered? Were there booms and busts when molybdenum first came on the scene?

Why pandas? Why now?

If you watch the video I have linked called:

Why Bitcoins growth is normal

it provides a pretty good comparison of other network Technologies such as FB and Twitter and their adoption curve.

Highly recommend that. Should put everything into perspective for you

when he started talking about the 2 rats on an island...

I thought he was going to get into Fibonacci sequences.

I was wrong.

Why pandas? Why now?