Bitcoin Forum

+2.94 (2.19%)

2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.

To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!

Everybody has a reason to be happy.

Do you mean +2.19% per day? week?  month?

It went up 2.19% today which i consider a good large increase but not alarm bell large.

I would be extremely happy with that rate of increase.  Somehow 2.19% still seems extremely bullish though.

Keep in mind that nowadays most banks will give you 2.xx% _per_year_

At this rate of 2.19% the time to double in value (assuming that it compounds) would be about a month.

This is still a preposterously high rate of return on investment.

The average for 2013 is around 2.5% daily.

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

Only in BTC would 2.19% daily growth be considered the 'happy medium'......this is an absurd growth rate by any standard.

gotta admit it's pretty boring to watch though!

Insane if you look at it in the long term haha.

But yeh, I guess it's peaceful compared to what we just went through ;d

http://zeoxdesign.com/stuff/coinworth.jpg
(in case you guys missed it from reddit ;D)

+3.59 (2.67%)
Thats fine too.

2% daily growth would bring us to ~$200k this time next year.  ;D

I think you can count on 2% daily growth (except on weekends and 'gox weekends') at least on the short term.

 
I like you ;D

Good post, but I tend to find (not so much here) that people think of Bitcoin as a 'commodity'.

It is not.

Compared to other monetary systems, the growth rate is unheard of, and is totally insane (in a very good way) in financial terms.

There are many factors that contribute to this (and will over the next couple of years), but most notable, the internet.

i suggest you to graph the % daily changes for the last years of the avg price. highest spikes were before the 2011 hype.

The black arrows you drew are a little misleading since your horizontal grid lines are exponential... All 3 black arrows would actually all be at the 12:05 on the clock dial. LOL

Just 271585% per year if constant compounded daily.  I don't hear any alarm bells.   

On a day of a good rally the markets will go up 2% or more. Bitcoin, seeing as it started out for practically free, makes sense that it will have a ton of good rallies in a row.

That is a very happy medium.  :D