It is quite easy to pump a small cap asset (just look at penny stocks), but pumping a multibillion dollar cap asset is a lot harder and percentage gains will be a lot smaller.
Those previous astronomical patterns will not repeat in the same way.
not so sure, there is a lot more money ready to go into bitcoin now then before. We are no where near the top of the uptake curve. Sure there is on but we are back in 1985 email days.
The paradox it BTC tech is moving faster than internet/email tech back then, becuae the net is here, ideas acan travel fast and BTC is open source. The uptake is slower though because the ideas are harder to grasp.
Consider 99.9999999999% of people if not more would have written you off as a fringe lunatic to even have a discussion on FIAT currency in 2008 or before. They would have thought you a ultra nerd, possibly insane and not understand what you are talking about. Let alone a currency without a central bank / govt backing. Central banks would have written this of as dreamland.
See people have been educated to think that money is valuable, intrinsically and not question that it is. Its not hard to see why. Our jobs are paid in money, houses food, material worth, cost of living, the political debate, taxation. No one dares to stand up and say,
"but your money does not represent value", and
"counterfeiting is good if you can do it"
I e all money must be open to competition by whatever means. This way the flaws in the medium of exchange are demonstrated.
Or rather any one should be free to issue any type of money.
The state has had no serious competitor in money since....well along time. It has thus like any monopoly become soft and ripe for competition.
the upshot being, we are in the really really early stages of BTC.