It's not a sign of danger in this case though, it's a sign of exponential adoption, which is exactly what's happening and is perfectly understandable for such a

It's not a sign of danger in this case though, it's a sign of exponential adoption, which is exactly what's happening and is perfectly understandable for such a technological feat like Bitcoin. The same happened with many startups like Facebook: A lot of volatility in the beginning, exponential growth, IPO, stabilization. > As a currency, gaining value rapidly all the time is also difficult - who wants to transact in such a currency instead of just holding on to it and spending other currencies or bartering? That's another argument that keeps popping up and doesn't make sense, it's basically a myth. Economists and opinionologists dread this imaginary situation where people will starve before spending their deflationary coins. Hint: The world did just fine for thousands of years using gold. And no one starved to death with Bitcoin either yet. If you have other currencies to spend or stuff to sell, you could have used them to buy more Bitcoin, and use Bitcoin to buy whatever you need at whatever price it is at the moment, so not spending Bitcoin and spending other things instead doesn't make any sense either.