Prediction: $100 by April 31st

[Zangelbert Bingledack]

I have a bet that bitcoin won't reach US$100/btc anytime in 2013.  I have won 4 out of 4 bets involving bitcoins so far, and don't intend to lose this one.

Getting closer...

[Zangelbert Bingledack]

Man when I first posted this it looked crazy and people laughed but now it looks positively tame. Simple extrapolation of the exponential seems to be working uncannily well as a conservative estimate, although maybe this can be thought of more as a base for support, with anything like Cyprus just bumping it up to a new set point from which to continue at the same exponential pace.

[humanitee]

Man when I first posted this it looked crazy and people laughed but now it looks positively tame. Simple extrapolation of the exponential seems to be working uncannily well as a conservative estimate, although maybe this can be thought of more as a base for support, with anything like Cyprus just bumping it up to a new set point from which to continue at the same exponential pace.

No kidding, ahead of schedule by a month or so. (yes I know we haven't hit it... yet)

I wonder what the price will actually be on April 31st. Over $130?

[BitcoinTip]

I wonder what the price will actually be on April 31st. Over $130?

$32

[smoothie]

Chances are better we'll see single digits, I think.

Single digits by April 31st - meaning never, right?

I think he means that we will see 1mBTC = single digits = $1, $2, ...etc. 

[rpietila]

Man when I first posted this it looked crazy and people laughed but now it looks positively tame. Simple extrapolation of the exponential seems to be working uncannily well as a conservative estimate, although maybe this can be thought of more as a base for support, with anything like Cyprus just bumping it up to a new set point from which to continue at the same exponential pace.

No kidding, ahead of schedule by a month or so. (yes I know we haven't hit it... yet)

I wonder what the price will actually be on April 31st. Over $130?

If we continue this pace, between 200-300. And then it will crash.

[Zangelbert Bingledack]

If we continue this pace, between 200-300. And then it will crash.

I don't disagree - it has to cool off from this pace sometime or we'll be at insane (full mainstream adoption-level) prices by year end - but why those specific numbers?

[Coma]

Man when I first posted this it looked crazy and people laughed but now it looks positively tame. Simple extrapolation of the exponential seems to be working uncannily well as a conservative estimate, although maybe this can be thought of more as a base for support, with anything like Cyprus just bumping it up to a new set point from which to continue at the same exponential pace.

No kidding, ahead of schedule by a month or so. (yes I know we haven't hit it... yet)

I wonder what the price will actually be on April 31st. Over $130?

If we continue this pace, between 200-300. And then it will crash.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-01-01zeg2013-06-15ztgSzm1g10zm2g25zv
 

Impressive.