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CliffordM (OP)
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November 04, 2013, 07:46:34 PM
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This log-price plot of the GOX price since inception is quite remarkable  -- showing an incredibly uniform growth.

It's not speculation  or predictive :  but what it does effectively is express the data about the two axes (time and price) in a way such that the major events can clearly be seen.

If one assumes the uniform growth continues then it does become speculative -- but that is a matter of interpretation.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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November 04, 2013, 08:05:35 PM
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No graph  Grin
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November 04, 2013, 08:14:30 PM
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Quote from: steelboy on November 04, 2013, 08:05:35 PM
No graph  Grin
I assume the OP is talking about the complete historical chart.


It's an interesting argument. Not sure what I think of it.
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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