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Since the inception of the Bitcoin in the early 2009, it has seen a tremendous increase in price over a relatively shorter period unlike some of its digital currencies competitors. While this may be a sad commentary on the state of civil liberty in China, it is actually the best thing to happen to the Bitcoin price prediction in a long time. There was a minor bump after the first stock market crash on June 12, 2015, but the Bitcoin price really took flight after the second crash in late August. I’ve marked both events in red on the chart below.

Last but not least, this research paper on bitoin’s big picture trends identifies 3 marked regimes that have evolved as the Bitcoin economy has grown and matured: from an early prototype stage; to a second growth stage populated in large part with sin” enterprise (i.e., gambling, black markets); to a third stage marked by a sharp progression away from sin” and toward legitimate enterprises.http://t0ph4n.huns2huns.com/2017/10/20/bitcoin-is-on-a-roll-to-new-record-high-prices/