rpietila
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May 05, 2013, 12:21:17 AM

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.
Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part is detrimental to bitcoin adoption...Sad Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today... Roll Eyes

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

There's a lot of obstacles before Bitcoin is embraced by enough people to reach $300k per 1 BTC. If you are so sure about your prediction, put your BTC where your mouth is

Ah sorry!  Embarrassed Until now I thought your join date was early 2011, but that was another one. You have no business understanding this yet, ignored.