$BTC - on log scales, fractal parabolic growth, & 50k BTC

15 באוג׳ 2017

Both of the major Bitcoin 'bubbles' we went through in 2013 showed parabolic growth when viewed on logarithmic scales. Most probably think we are in a bubble now, and surely we are, but how far into it are we? Was 4500 the ceiling? The big difference between 2013 and now—as you see here on this log-scaled chart of BTC's entire history—is that we have clearly not entered 'parabolic' territory on this scale. That doesn't mean we WILL—after all, we're in uncharted waters here. Who knows how BTC will act this go around, but if the pattern repeats, and we do go more parabolic from here... well, you see the price over there. Is that talk of $50000 per BTC possible, not ten years from now, but maybe... months from now?