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Kazu (OP)
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April 05, 2013, 05:33:15 AM |
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+2.94 (2.19%)
2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.
To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!
Everybody has a reason to be happy.
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Rallye
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Activity: 94
Merit: 10
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April 05, 2013, 05:48:32 AM |
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Do you mean +2.19% per day? week? month?
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Kazu (OP)
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April 05, 2013, 05:54:06 AM |
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It went up 2.19% today which i consider a good large increase but not alarm bell large.
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Rallye
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Activity: 94
Merit: 10
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April 05, 2013, 06:01:59 AM |
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I would be extremely happy with that rate of increase. Somehow 2.19% still seems extremely bullish though.
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seldon
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April 05, 2013, 10:11:28 AM |
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Keep in mind that nowadays most banks will give you 2.xx% _per_year_
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Le Happy Merchant
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April 05, 2013, 10:17:55 AM |
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At this rate of 2.19% the time to double in value (assuming that it compounds) would be about a month.
This is still a preposterously high rate of return on investment.
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ManBearPig
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April 05, 2013, 10:23:45 AM |
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The average for 2013 is around 2.5% daily.  |
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Manticore
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Merit: 10
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April 05, 2013, 01:52:59 PM |
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Only in BTC would 2.19% daily growth be considered the 'happy medium'......this is an absurd growth rate by any standard.
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MikeH
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April 05, 2013, 02:54:16 PM |
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gotta admit it's pretty boring to watch though!
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Zaih
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April 05, 2013, 02:58:23 PM |
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Insane if you look at it in the long term haha.
But yeh, I guess it's peaceful compared to what we just went through ;d
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Mark Oates
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April 05, 2013, 03:03:50 PM |
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 (in case you guys missed it from reddit  ) |
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Kazu (OP)
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April 05, 2013, 04:05:49 PM |
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+3.59 (2.67%)
Thats fine too.
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chrsjrcj
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April 05, 2013, 04:26:56 PM |
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2% daily growth would bring us to ~$200k this time next year. |
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Kazu (OP)
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April 05, 2013, 08:09:32 PM |
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2% daily growth would bring us to ~$200k this time next year. I think you can count on 2% daily growth (except on weekends and 'gox weekends') at least on the short term. |
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XXthetimeisnowXX
Sr. Member
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Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 05, 2013, 10:05:02 PM |
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+2.94 (2.19%)
2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.
To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!
Everybody has a reason to be happy.
I like you |
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Jobe7
Full Member
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Activity: 238
Merit: 100
Now they are thinking what to do with me
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April 05, 2013, 10:16:22 PM |
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Good post, but I tend to find (not so much here) that people think of Bitcoin as a 'commodity'.
It is not.
Compared to other monetary systems, the growth rate is unheard of, and is totally insane (in a very good way) in financial terms.
There are many factors that contribute to this (and will over the next couple of years), but most notable, the internet.
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phatsphere
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April 05, 2013, 10:18:10 PM |
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i suggest you to graph the % daily changes for the last years of the avg price. highest spikes were before the 2011 hype.
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PachucoBro
Newbie
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Activity: 56
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April 05, 2013, 10:26:32 PM |
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The average for 2013 is around 2.5% daily.
< image up above >
The black arrows you drew are a little misleading since your horizontal grid lines are exponential... All 3 black arrows would actually all be at the 12:05 on the clock dial. LOL |
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Rothgar
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April 05, 2013, 10:31:32 PM |
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It went up 2.19% today which i consider a good large increase but not alarm bell large.
Just 271585% per year if constant compounded daily. I don't hear any alarm bells. |
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Kazu (OP)
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April 06, 2013, 03:19:05 AM |
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It went up 2.19% today which i consider a good large increase but not alarm bell large.
Just 271585% per year if constant compounded daily. I don't hear any alarm bells. On a day of a good rally the markets will go up 2% or more. Bitcoin, seeing as it started out for practically free, makes sense that it will have a ton of good rallies in a row. |
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