average doubling time is now measured in months
what would you say, when the price will be double from today's ~12 ?
I have a feeling it should be at 20 by next summer,
but uncertainty about some kind of hostile legislation in the future
is stopping me from buying (more).
hard to say, I think to boost doubling time again we need some change of fundamentals, like a major outlet that accepts bitcoin for example. Otherwise price will indeed creep up slowly and probably slow down further the higher it gets.
2 examples to justify my assumption:
http://www.gartner.com/technology/research/methodologies/hype-cycle.jspThis is the normal curve of a new hyped technology (compare bitcoin all-time chart)
and
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi45.tinypic.com%2F2i880hi.jpg&t=662&c=vmXK_8ABHcGr4Q)
As you can see, every positive change in fundamentals (like the introduction of top selling products) delays the plateau of productivity and triggers a new hype. If we can achieve such change in fundamentals price will double in no time!