Bitcoin Forum

Economy => Speculation => Topic started by: ManBearPig on April 03, 2013, 09:39:49 AM



Title: Nearly 3 months of solid growth, what-if we have another? Very bullish chart.
Post by: ManBearPig on April 03, 2013, 09:39:49 AM
http://tonycoleby.com/shared/2013-04-03 Bitcoin Growth.png

The chart shows price growth at Mt Gox (closing prices) and a projection of price of the 3 major rallies including this present one.

Price axis is logarithmic of course - is there any other way of looking at it right now?

This is the third and by no means the biggest sustained rally in price since Mt Gox started trading in BTC at $0.05.

Of course things are different from the collapse of 2011: acceptance by major global players, mainstream media attention to mention a couple.

Sure this is speculative but if someone had posted the chart to date at the beginning of January they would have been laughed at right?


Title: Re: Nearly 3 months of solid growth, what-if we have another? Very bullish chart.
Post by: wopwop on April 03, 2013, 09:40:33 AM
right ;D


Title: Re: Nearly 3 months of solid growth, what-if we have another? Very bullish chart.
Post by: ManBearPig on April 03, 2013, 09:42:31 AM
right ;D

It's NOT a prediction bear in mind.

Someone asked the "what-if" question on another thread so I made a chart :)