Re:Bitcoin exchange rate reached $100 USD per BTC
by oscilloscope on Monday April 01, 2013 @12:23PM
(#5474029)
I would expect steady growth of Bitcoin's price to look like the logistic function. Exponential at first, then flattening out. At some point, it would just grow opposite the inflation of other currencies once it's stable.
http://en.wikipedia.org/wiki/Logistic_function
Of course growth will probably come in fits and starts, not so smoothly.
I do believe that will happen eventually, but it's too early right now. Bitcoin works by the law of numbers - after all it's all numbers and math. When its tiny in value, its growth can be very high. When it's already huge, the growth will slow down a lot.