Poll: BTC value in USD was up 50% in January and February, what about March?

[Rygon]

With the BTC value relative to USD rising 50% in January and 50% in February, will is also raise 50% in March and bring the value to $50? I'm curious about what everyone thinks, the poll will be open for 7 days.

[aznmonky]

i honestly don't know i kinda wanna believe this growth but at same time i don't understand

[blackreplica]

I'm long bitcoin and bullish but I would be worried if this rate of growth continues without some kind of a breather

[Dyaheon]

You forgot $41-$44

[aznmonky]

[mccorvic]

I picked 35-40 because I dunno.  Despite the last two months, I still think it'd be crazy to assume we'd go up 10+ dollars in a month, but I won't be mad if we do.

And, to be fair, I think I guessed somewhere that the 2013 high would be around $18 so....

[Chalkbot]

Apparently it is impossible that they be worth 40-45?

[Rygon]

You forgot $41-$44

Doh! Yeah, I guess it's impossible to say that it's worth 40-45

[istar]

It took Facebook 8 years to reach a value of 100 billions which would be $4761 for each coin.
If btc reached just one tenth of that value in the next 6 years they will have to grow with atleast $1 every week on avarage.
To reach the same value, within 6 years the price would have to grow with $2 each day, on avarage.

Ofcourse such growth would not be linear but go in waves.
  

[piramida]

Why you are comparing bitcoin (an amazing invention that has a possibility of changing the world) with facebook (a crappy php social page that earns money via advertising)? They are as related as a space shuttle and Vegas airport<->casino bus shuttle. Yeah, they both need internet, end of similarity

[Dyaheon]

It took Facebook 8 years to reach a value of 100 billions which would be $4761 for each coin.
If btc reached just one tenth of that value in the next 6 years they will have to grow with atleast $1 every week on avarage.
To reach the same value, within 6 years the price would have to grow with $2 each day, on avarage.

Ofcourse such growth would not be linear but go in waves.
  

Thing is, thinking in dollars per week/day doesn't necessarily make much sense.

A $1 gain when the price is $1 is MASSIVE at 100%. When the price is $1000, a $1 gain is insignificant.

At current ~11 million coins, the price would have to be slightly over $9000 to be at $100B market cap. In order to get there in 6 years, the price would have to increase 257x, or about 2.52x a year (that's 152% yearly growth). That translates to 1.08x every month, or 8% growth per month, which is about 0.26% daily growth.

Those calculations are done with the assumption of 11M coins in existence, I didn't calculate inflation in. With that included, the growth in price wouldn't need to be that fast.

[Third Way]

This is a clown poll. Bitcoins cannot be measured in FIAT.

Also 80+.

[ArticMine]

Why you are comparing bitcoin (an amazing invention that has a possibility of changing the world) with facebook (a crappy php social page that earns money via advertising)? They are as related as a space shuttle and Vegas airport<->casino bus shuttle. Yeah, they both need internet, end of similarity

+1 Facebook has way worse advertising revenue per visitor than many websites both large and small by at least an order of magnitude yet has to be among the worst when it comes to the users privacy. Their business model is completely broken. For very high risk investors looking for some diversification from Bitcoin selling Facebook short may be an option. PS.  I felt that same way about AOL back in 2000.

[notme]

It took Facebook 8 years to reach a value of 100 billions which would be $4761 for each coin.
If btc reached just one tenth of that value in the next 6 years they will have to grow with atleast $1 every week on avarage.
To reach the same value, within 6 years the price would have to grow with $2 each day, on avarage.

Ofcourse such growth would not be linear but go in waves.
  

Thing is, thinking in dollars per week/day doesn't necessarily make much sense.

A $1 gain when the price is $1 is MASSIVE at 100%. When the price is $1000, a $1 gain is insignificant.

At current ~11 million coins, the price would have to be slightly over $9000 to be at $100B market cap. In order to get there in 6 years, the price would have to increase 257x, or about 2.52x a year (that's 152% yearly growth). That translates to 1.08x every month, or 8% growth per month, which is about 0.26% daily growth.

Those calculations are done with the assumption of 11M coins in existence, I didn't calculate inflation in. With that included, the growth would have to be somewhat faster.

If you include money supply inflation, the price growth required is slower not faster.

[Dyaheon]

It took Facebook 8 years to reach a value of 100 billions which would be $4761 for each coin.
If btc reached just one tenth of that value in the next 6 years they will have to grow with atleast $1 every week on avarage.
To reach the same value, within 6 years the price would have to grow with $2 each day, on avarage.

Ofcourse such growth would not be linear but go in waves.
  

Thing is, thinking in dollars per week/day doesn't necessarily make much sense.

A $1 gain when the price is $1 is MASSIVE at 100%. When the price is $1000, a $1 gain is insignificant.

At current ~11 million coins, the price would have to be slightly over $9000 to be at $100B market cap. In order to get there in 6 years, the price would have to increase 257x, or about 2.52x a year (that's 152% yearly growth). That translates to 1.08x every month, or 8% growth per month, which is about 0.26% daily growth.

Those calculations are done with the assumption of 11M coins in existence, I didn't calculate inflation in. With that included, the growth would have to be somewhat faster.

If you include money supply inflation, the price growth required is slower not faster.

You're right of course, fixed. Doh