A doubling every 8 days is 9% daily growth. We are currently at 10%+ for April, MUCH more for the last 24 hours clearly. BUT you asked so...  |
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Anyone want to hazard a guess where today is going to end up at?
A bearish $250? +/- Depends if we're talking UTC or US timezones though :p |
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$218 - that's fine for now. Phew, tea anyone?  Oh wait. $223. Shall I fetch biscuits? |
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So, are these all new buyers or just chumps who tried to ride a crash yesterday or last week panic buying back in?  Yes :p |
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| Start_rate | End_rate | #_of_days | Dates | | $3.125 | $6.25 | 194 | 2011-12-01 to 2012-06-15 | | $6.25 | $12.5 | 163 | 2012-06-15 to 2012-11-25 | | $12.5 | $25 | 79 | 2012-11-25 to 2013-02-12 | | $25 | $50 | 30 | 2013-02-12 to 2013-03-18 | | $50 | $100 | 14 | 2013-03-18 to 2013-04-01 | | $100 | $200 | 8 | 2013-04-01 to 2013-04-09 |
So... we would have exponential (e t) growth if the #_of_days was constant... but now it's halving every time the value doubles. I'm not going to figure out the formula for that, but it seems that if this development continues, we reach the singularity in 8 days. Ladies and gentlemen, I hereby forecast that by 17th of April, Bitcoin is infinitely valuable.Of course, some other factors might come into play before that. I like your thinking. My wife (whose birthday that day shall be) will be expecting an exceptionally expensive gift. How about North Korea, turned into an ornamental garden? |
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Daily growth for April is now 10%.
My charts (which the bears didn't like) extrapolating a few weeks of 5-6% daily growth now look obsolete.
The growth could slow down, it could speed up.
Who knows where we'll be at the end of the week.
I will add that I've been watching the markets since 2009, I've traded a BIG total since then.
I've never seen anything like this.
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The bubble WILL pop today.
This growth is unsustainble and downright frightening
Yeah I'm wondering. A bit more emotion than sense in your statement of face there I think. |
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The average daily growth for April using the current price as a closing price (yeah I know) just hit 10%
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Really nice chart, a thing of beauty. However it would be nice if the arrows were kinda in the back ground and the trend line was on top, or maybe leave the arrows and just colour the major trends red and green?
Thank you, and yes I agrees with you about the arrows. Unfortunately in Excel it doesn't let me put anything underneath the data series: the curve is always on the bottom of the Z-axis. Hence the arrows being transparent - it's the best compromise really unless I start exporting the curve and overlaying it but then I can't keep it updated as often  Unless anyone knows how to get around this? |
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And to think at $88 we were discussing which would happen first: this thread to 1,000 pages or BTC to $100. Well BTC won by 100 lengths |
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Anyone care to guess what price that $1 Million market order will be dumped at?... I'll throw $220 out there..
What and only take a measly $100K? That's leaving a LOT of money on the table. |
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PMSL laughing at the Bitcoinity vid  |
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 The path is clear - over that wall lads! |
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Please define Crystal-Balling and how it differs from speculation?
Crystall Ball = Throw in any weird random number/whatever in your head .. start topic, write about ! Speculation = educated guess OK I appreciate that. Emotion and gut instinct counts for a lot though |
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I think when we reach Malta ($467.59) - in a few weeks time maybe? I ought to treat myself to a holiday there and visit some family |
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Please define Crystal-Balling and how it differs from speculation?
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 Today's update. Disclaimer: the maths is doing the talking here, the What If? premise is: what happens if the last trend of 6.8% average daily growth over 24 days carries for the same period of time? From the last chart of 9th April 2013, the average daily growth is now 6.8% from 6.2%. This average absorbs yesterday's insane 23% growth. If we start projecting THAT we get into gagagoogoo territory. Also see my just-for-fun chart looking at projected daily 9% growth here: http://tonycoleby.com/shared/2013-04-09b-9pc_bitcoin_growth-for-fun-only.png |
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Yesterday's minor retraction means average daily growth for this latest trend of 23 days has slipped...UP to 6.2% from 5.9%.  As ever, it's just an extrapolation of the latest and current movement. I'm not predicting, I'm plotting |
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