Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013

[ManBearPig]

Sorry, I've been inserting these into random posts including the Wall Observer, probably best if I just give it a post in Speculation.

It's interesting to note that the daily growth which was running at an average of 1.8% from January to March changed dramatically on 17th of March to the current average of 5.9%.

The two previous sustained moves up in price saw average daily growth of 5.4% (2010) and 6.5% (2011).

I wouldn't like to draw any comparisons just yet.

Disclaimer: I'm just a bloke who loves Bitcoin, not a financial wizard as you can probably tell

Oh, I'll keep these charts up-to-date over at: http://tonycoleby.com/bitcoin

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[NamelessOne]

Interesting observations. I hope Bitcoin can maintain this growth. 

[ManBearPig]

Interesting observations. I hope Bitcoin can maintain this growth. 

Ha me too, naturally!

It was fun to put together

[Elwar]

Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency.

Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap.

[therealodog]

Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency.

Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap.

dude that was deep

[Zangelbert Bingledack]

Who says Bitcoin is a currency? Bitcoin is maybe 10% currency, 10% anonymous global payment system, and 80% store of value. Those percentages will change as price rises, though.

[Wekkel]

The frenzy will end eventually.

[ManBearPig]

The frenzy will end eventually.

Of course it will, that's your speculation and a perfectly sensible one.

That there is some time to go before that happens is my speculation based on relatively short-term extrapolation of the current trend.