24 Dec '13, 3pm

What's Next For Bitcoin In 2014?

What's Next For Bitcoin In 2014?

Boom, bubble, crash. That is one of the natural cycles of markets. Whenever there is a virtuous circle of capital growth there is likely to be an acceleration of the process. The process is similar to feedback in a sound amplifier. From a tiny seed, the noise grows until left unchecked the system itself is destroyed. When there is money to be had in asset appreciation, this signal attracts people to buy those assets and create the very appreciation that attracted them in the first place. This cycle of attraction causes a boom, then a bubble. As I long ago told a quant measuring the Nasdaq on a log scale: Markets can’t grow on a log scale in the short-to-medium-term because the result would be a meltdown. They didn’t agree but the meltdown happened soon enough. Bubbles can be measured on a log scale and so can crashes. However, sustainable investment is on a linear scale. S...

Full article: http://www.forbes.com/sites/investor/2013/12/24/whats-nex...

Comments

  1. 14 Feb '14, 9am

    Bitcoin Daily predicts that bitcoin will have a very positive future as the new currency. Though bitcoin has a lot to prove to become a global currency, it has the biggest potential among the alt currencies that’s circulating the Internet these days.

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