So according to this chart prices would tend to infinity over time.
Bitcoin would be the very first commodity with this property. Reasonably it would be either some probability density function or sigmoid function depending on whenever bitcoin turns out to be a lasting success.
Actually, w.r.t. any inflationary currency, commodities with limited supply will always tend to infinity over time. Price != purchasing power.
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Dont worry, there will be some dip below 10 in a small correction at least, before we continue rallying, we may see 11 or even 12 before though.
+1
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the overly optimistic statement makes me confidante we are at the top back down to 8$ soon fail!
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inb4 log charts
It's the beginning of a new paradigm!
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Wow, sentiment is extremely bullish. I'm beginning to worry. Keep it real people. We don't want yet another bubble. Thanks there will be alot of profit taking at these levels, nothing to worry about, until media goes bananas yep, double digits might trigger a media frenzy the likes of which we haven't seen since a year ago.
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I'm going to be the wet blanket and say that perhaps we might suffer a small correction in the low double digits
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Sorry to those who bet that we'd be above $10 by the end of July... you were off by one day.
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Admin,
I do not believe Mike Jones is Atlas. He is being targeted by various people including Atlas who created a user who resembles Mike Jones in spelling.
Plz un-ban Mike Jones. Thanks.
Jimbobway
how can it not be Atlas? his name is "Mike Jones" aka "Bitcoin's Chief Executive Officer" his avatar looks like this its a new member with ALOT of post for the few days its been active. it's Atlas..... but why are we banning Atlas??? Yeah, it's Atlas. He said "should of" at one point. That's an Atlas grammatical error.
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My vote is in for green fields forever! ...or at least until the reward drop.
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lol, bye Adam! someone throw him a lifeline
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price could never be 9.x for long time like it was just under 5
it would be too much psy-pressure especially if it gets there before 2013.
what was it like for price from 0.9 to 1 ?
so, if 9 then 10+
Another oddly appropriate ancient thread...
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The predicted ramp continues... 9.54 high, and I see no reason to believe that it's stopping.
bitcoin rallied from 5 to 9 in 2 months now for 2 weeks we have been at 9 isn't clear we have topped off? even if this rally pushes higher... how much higher? the higher the fewer coins are needed to crash it. We spent two weeks below 6.8... woe to those who sold below 7 (or 8, or 9).
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The predicted ramp continues... 9.54 high, and I see no reason to believe that it's stopping.
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bye bye Adam +1 lol.... $9.45 Trust me... 8$ is inevitable it was nice knowing ya
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u scared, bulls?
You sound pretty scared as a bear...who is really a bull...LOL...pick a side he's the bear who keeps buying
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this "indicator" is going to be VERY positive soon
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its gonna leave you behind Adam +1 get on the train or get run over
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"This incredibly high rate of return (2% a month = 24% PA... 3-4x higher than at any bank) is only possible due to my LARGE initial investment. So trying this yourself would not work anyway."
LOL
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Interesting how we're retracing the great moves of last year We're up to August now, next stop July! Fun ancient Nagle chart: "Unbroken uptrend since the 8.00 $ resistance."? That's the last 18 hours. You want to see an "unbroken trend"? Look at the 30 day moving average, the purple line: Now that's an unbroken trend, going steadily down for two months now.
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