[ExI] "Law of the Crypto Coin" proven by new data point?

[Gordon]

Brent Allsop <brent.allsop at canonizer.com> wrote:


"Now that Bitcoin has hit a $1000/BTC in 7 months, has anyone not in the 

"Law of the Crypto Coin" camp been converted by the fact that now 6 of 
all 7 order of magnitude increases, have all been in about 6 months?"

No, it has not "converted" me. 

"If not, how many more 6 month order of magnitude increases will be required 

to convert you?"

No number would "convert" me. Many things grow exponentially at first, and many things seem to follow such patterns in hindsight. For example, I could probably find periods in the early history of Apple or Microsoft in which their stock prices seemed to grow exponentially. It would have been a mistake to assume that those price patterns were evidence of some mystical "law" (mystical in that you cannot and never have explained the fundamental underpinnings of your supposed "law".)

That said, I am still happily long a pile of bitcoins. I have no intention of selling anytime soon. I check this group occasionally, but I spend most of my online time these days moderating a facebook group for discussion of bitcoin and cryptocurrencies in general. You and everyone else here are welcome to join. The group is not public but you can find it in the facebook search engine under "cryptocurrency speculation forum". If you do join, please mention that know me from ExI (you deserve a special tip of the hat).

Gordon
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