Forgetting the News , Buying/Selling , Exchange Volumes , Active Manipulation .....
... is a natural logarithmic growth a mathematical certainty?
(Click 1 day Time interval and scroll back in time on:
https://bitcoinwisdom.com/markets/bitstamp/btcusd )
Jan 11th, 2012Aug 17th, 2012
Apr 10th, 2013Nov 30th, 2013
May-July, 20th, 2014This seems illogical right? Or are there favorable mathematical conditions owing to the Bitcoin protocol (block halving, hash rates, network rates, etc) every ~6-7 months?
Human nature repeats itself...
Also bitcoin is going through its growth phases and part of this cycle are these repeating cycles of bubbling to use a word ..
When bitcoin finds its place at a certain acceptance lvl within society then we can start talking and looking at it as a standard commodity ..
We still have a long way to go as we are still in expotential growth patterns as bitcoin starts to layer within our society .. I think we are on bubbling cycle number 3 of 5 or 6 until it starts to settle
So just as the tides go in and out bitcoins long term upward trend can have repeatability
When humans GREED & FEAR responses change deep in the primitive part of the brain (AMIGDALYA) let me know as thios will cause a change in the markets behavioural patterns until then REPEAT