<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span style="font-family: Arial; font-size: 13px;">Brent Allsop <brent.allsop@canonizer.com> wrote:</span><br></div><div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div class="y_msg_container"><div id="yiv7373375693"><div><div class="yiv7373375693moz-cite-prefix">> Still, I think you must admit, that there is a theoretical
possobility, that the same bitcoin growth we've seen to date,
could continue for the foreseeable future</div><div class="yiv7373375693moz-cite-prefix"><br></div><div class="yiv7373375693moz-cite-prefix">I certainly hope so! I have money riding on it!</div><div class="yiv7373375693moz-cite-prefix"><br></div><div class="yiv7373375693moz-cite-prefix">But I would not attribute a continuation of that growth to any "law". It is merely a trend. Many things could disrupt that trend. We still don't know if Bitcoin will become widely accepted as a currency, for example. If sentiment turns against that idea, the price trend will break down and bitcoin will likely fail. Bitcoin is perhaps one the most speculative investments on the planet. </div><div class="yiv7373375693moz-cite-prefix"><br></div><div class="yiv7373375693moz-cite-prefix">If you look at the sales of hula hoops in the 60s, you will probably see something like exponential growth. Was there a "Moore's Law of Hula Hoops" in place? If so, what happened to
it? Hardly anyone buys hula hoops anymore, so I guess that "law" was only imaginary. I'm afraid the same is true of your supposed Law of Bitcoin. It's wishful thinking, Brent.</div><div class="yiv7373375693moz-cite-prefix"><br></div><div class="yiv7373375693moz-cite-prefix">Gordon</div><div class="yiv7373375693moz-cite-prefix">
<br>
On 8/6/2013 11:33 PM, Gordon wrote:<br>
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<div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;">
<div>Sorry my last two posts appeared twice. It seems Brent has
ExI listed twice on his to: line. I removed one entry this
time.</div>
<div><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">So as not to waste this
post, I might as well mention that I am having a good chuckle
thinking about how some of my old investment clients might
have reacted had I told them they should buy gold or bitcoin
or anything else because the price action was driven by some
"law".</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"I think you should buy some
Bitcoin here, Bob."</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"Really, Gordon? Why?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"It's going up in price
according to the Law of Bitcoin! According to the Law of
Bitcoin, you should make a lot of money!"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"What the hell is the Law of
Bitcoin?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"I read about the Law of
Bitcoin on the Internet. The price went up a lot, so there
must be a Law that it will go up a lot more."</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">"Very funny, Gordon. What is
this, some kind of April Fool's joke?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;">:)</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br>
Gordon</div>
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</blockquote>
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