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Other => Beginners & Help => Topic started by: henq on August 03, 2012, 12:18:29 AM



Title: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: henq on August 03, 2012, 12:18:29 AM
Simple constant growth extrapolation, with linear fit on log scale ->

same % growth for each equal distance horizontal.

https://twitter.com/TeringNering/status/231177017079504896/photo/1

Neglecting the May-Nov 2011 media hype bubble.

 
Realistic?





Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: jimbobway on August 03, 2012, 12:20:24 AM
I like the way you think.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: bitcoinville on August 03, 2012, 12:42:42 AM
lol not so fast


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: DeathAndTaxes on August 03, 2012, 02:21:13 AM
...
and $429,496,729,600 by July 2020! 

Sweet.  I can't wait.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: jasinlee on August 03, 2012, 02:30:43 AM
Bitcoin > 401k ...enron...


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: BitCoiner2012 on August 03, 2012, 03:43:46 AM
Sounds.. delicious? Good time for discovery.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: jasinlee on August 03, 2012, 03:59:38 AM
Time to start planning for my own personal island.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: Camper69 on August 03, 2012, 04:00:28 AM
Time to start planning for my own personal island.
hahaha amen.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: Meni Rosenfeld on August 03, 2012, 04:07:22 AM
http://xkcd.com/605/.


Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: henq on August 03, 2012, 12:18:27 PM
http://xkcd.com/605/.

 ;D  so true .... oth i see a stable growth pattern if one neglects may-nov 2011, aka as the 2011 btc hype episode.
So the exptrapolation is over the steady periods only, of about 1.8 year.


The recent rise form 7 to 11 usd is a bit too quick , as I see it, so we may see a drop back.  Also mark that the recent 7 to 11 rise is not that noticeable on the scale of the forecast graph. 

And then the number of coins will drop from 50 to 25 per mined block coming December...

I'll come back here in exactly 12 months and we'll all see !

"May you live in Interesting Bitcoin Times" as the old Chinese saying goes.




Title: Re: #bitcoin will do $100 in July '13 and about $1,600 in July 2014 @TeringNering
Post by: DutchBrat on August 03, 2012, 12:27:53 PM
by that time my 225 BTC with pirate have grown to 227.000 BTC  ;)

So I will be worth well over $ 350 mln

Will it happen....  HELL YEAH !!! ;D