Responding to bitcoin bulls. Everyone believes in reversal?
everyone believes in reversal? (/"consolidation /"echo )
More exponential moves are unlikely and bad/wrong.
Continuing the trend until 2018 would be impressive but also unlikely.
Yes social networks can grow exponentially but not this fast and then it would not reverse much at all.
investors already pay the price they expect in the future (several times more than the price it would have today without considering the future.)
Bitcoin usage per day :
blockchain.info
(=daily active users counting both, senders and receivers. Almost double the amount of transactions)
