[ExI] Mathematical Help with Bitcoin historical curve future projection? (was re: Long Term Bitcoin Catastrophe)

[Mirco Romanato]

Il 23/06/2013 23:48, spike ha scritto:
>> ... Mirco Romanato
> ...
> 
>> ...I disagree with using the word "bubble" for the movements of bitcoin
> price. Bubble do not grow back after they deflate (unless Uncle Ben print a
> billion or a trillion for them to inflate again)
> 
>> ...I would suggest you use the word "spike"
> 
>> ...--------MIRCO------> NO MICRO
> 
> Why spike?

Because a "spike" is a raising of the value falling immediately after,
but do not convey the image of "bubble".

A spike (up or down) can happen and it is not indicative of the long
term trend.
A bubble convey the idea of something popping once and forever.

For now bitcoin had many spikes and not a bubble, because long term
trend was and is up.

Mirco