Bitcoin Forum

Bitcoin increased 1473% in one year!

$.30 to $4.72....in 2011 (1473%)

$4.72 to $13.50...in 2012 (186%)

So far in 2013:
$13.50 to $130 (863%)

For a 1473% jump for the year the price would need to reach:
$212.35

We are only slightly ahead of our 2011 pace.

Then again, Bitcoin is becoming much more popular and the world is a lot less stable.

add a measurement of how much more uses bitcoin has now. then plot that as a ratio and see how undervalued we are.

1 stock of the DJIA is $14,000...

1 bitcoin can easily get there in a year or two

The bitcoin economy is more developed. The support infrastructure is better than it was in 2011 even if it is struggling to keep up with the load. There are a lot more you can do with bitcoins now.

We'll be there next week.

The question is not if we will reach the 2011 increase, but when.

And the answer is probably this month.

any idea whats causing the halt at the 133 area?

Still doing percent increase wrong? $0.30 -> $4.72 = 1473%, not 1573%. $4.72 -> $13.50 = 186%. Not going to take your market predictions to heart, no offense.

And BTC... popular? I just asked my VPS provider to either re-price my monthly dues at current market value of BTC (it's a $5/mo VPS now invoicing me for $14/mo in BTC), or let me pay with Paypal. I'm actually annoyed with BTC. Go figure.

gremlins

lol well someone stop getting them wet

212 huh?  so are you saying this will be the "boiling point" at which we stop going up and the price comes crashing down?  hehe

Ahh, yep. I just divided then moved the decimal not taking into account the original value. The ratio is the same for the $212 estimate though.


My hosting service adjusts the cost in BTC based on the dollar cost. Check out Bitronic.

I pay $66/month for a dedicated server. Last month that was 1.4 BTC, this month it will be less than 1 BTC.

Price of a bottle of water before public water supply contamination event: 99 cents

Price of a bottle of water after one: $10

It's a 1000% increase!  Must be a bubble!  Sell your bottled water before it all crashes!

(It's sort of like Bitcoin, with one minor difference:  They'll fix the public water supply soon enough, but the broken financial system that's making Bitcoin look good isn't going to be fixed any time soon.)

Love the analogy haha  ;D

http://www.google.com/trends/explore#q=buy%20silver%2C%20buy%20bitcoins&date=today%203-m&cmpt=q

The end of silver and the last money standing. ;D

The run-up to the 2011 crash saw a 3,800% increase in just 58 days. A correction was inevitable.

http://tonycoleby.com/shared/2013-04-04_bitcoin_growth.png

Thats really interesting. Wonder if theres a way to include foreign language searches for the same thing so its not just english speaking countries