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Title: 100$ price increases per day are now new normal Post by: Gordonium on November 19, 2013, 12:31:15 AM I think that soon $1000 increases per day will be normal.
After that we enter into the Bitcoin Singularity. Title: Re: 100$ price increases per day are now new normal Post by: sgbett on November 19, 2013, 12:34:25 AM I think you underestimate just how many dollars there are ;)
Title: Re: 100$ price increases per day are now new normal Post by: phlogistonq on November 19, 2013, 12:35:38 AM Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...
Title: Re: 100$ price increases per day are now new normal Post by: glendall on November 19, 2013, 12:37:59 AM I would have thought I'd be prepared for this last 2 weeks of craziness in the bitcoin world but I'm just not. It's just plain nuts. I still can't parse the prices we are seeing. Every single time I set expectations for Bitcoin, even when I first heard of it a long time back, each time it blows away my expectations.
Even if someone said it'll be like $20,000 a bitcoin someday I can't say any more that that is ridiculous. I think this also shows how weak and rotten the fiat currency world is, but suppose that's a different discussion... Title: Re: 100$ price increases per day are now new normal Post by: Gordonium on November 19, 2013, 12:39:52 AM Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges... Sure but what I meant with new normal was that it will increase EVERY DAY with 100$ from now on. And after that with $1000. And after that.. Title: Re: 100$ price increases per day are now new normal Post by: Gemminyc on November 19, 2013, 12:47:01 AM Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges... True, no much needed to crash this bubble. I saw such fast price rise right before crash already, so no surprise for me if it happens soon |