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March 29, 2013, 05:09:10 PM |
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I think the recent growth is 80-90% legit boom, 10-20% froth as people start to blindly pour in money. Hopefully the bear traps will spook the new weak hands enough to bring the froth-o-meter back down, but at these minor froth levels we remain poised for continued strong rally.
As to how many bitcoiners, well there are 22,000 /r/Bitcoin subscribers and at the peak yesterday there were 1,200 of them online. That does not include LURKERS, who might make up a far larger percentage. I'm going to guess half a million bitcoin users worldwide now, growing exponentially.
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