Quote:
Originally Posted by Zygote
People think bubble just because of what a marginal unit demands but why does that necessarily imply a bubble?
During the mass adoption period, growth and volatility are nearly the same thing.
Sentiments along the lines of, "For Bitcoin to be adopted, it must be stable first," don't make sense because adoption (i.e., demand) drives instability. The sentiment is nearly the equivalent of, "For Bitcoin to grow, it must not be growing."