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Title: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: ManBearPig on April 07, 2013, 06:55:18 PM http://tonycoleby.com/shared/2013-04-07_bitcoin_growth.png
Sorry, I've been inserting these into random posts including the Wall Observer, probably best if I just give it a post in Speculation. It's interesting to note that the daily growth which was running at an average of 1.8% from January to March changed dramatically on 17th of March to the current average of 5.9%. The two previous sustained moves up in price saw average daily growth of 5.4% (2010) and 6.5% (2011). I wouldn't like to draw any comparisons just yet. Disclaimer: I'm just a bloke who loves Bitcoin, not a financial wizard as you can probably tell :) Oh, I'll keep these charts up-to-date over at: http://tonycoleby.com/bitcoin (http://tonycoleby.com/bitcoin) Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: NamelessOne on April 07, 2013, 07:01:16 PM Interesting observations. I hope Bitcoin can maintain this growth. :D
Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: ManBearPig on April 07, 2013, 07:13:23 PM Interesting observations. I hope Bitcoin can maintain this growth. :D Ha me too, naturally! It was fun to put together :) Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: Elwar on April 07, 2013, 09:12:58 PM Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency. Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap. Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: therealodog on April 07, 2013, 10:37:00 PM Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency. Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap. dude that was deep Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: Zangelbert Bingledack on April 08, 2013, 06:03:21 AM Who says Bitcoin is a currency? Bitcoin is maybe 10% currency, 10% anonymous global payment system, and 80% store of value. Those percentages will change as price rises, though.
Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: Wekkel on April 08, 2013, 07:03:21 AM The frenzy will end eventually.
Title: Re: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 Post by: ManBearPig on April 08, 2013, 07:53:46 AM The frenzy will end eventually. Of course it will, that's your speculation and a perfectly sensible one. That there is some time to go before that happens is my speculation based on relatively short-term extrapolation of the current trend. |
