How long does it take for bitcoin value to double??

[DannyHamilton]

Question:  How long does it typically take for the USD exchange rate of bitcoin to double?

Answer:

Start_rate	End_rate	#_of_days	Dates
$3.125	$6.25	194	2011-12-01 to 2012-06-15
$6.25	$12.5	163	2012-06-15 to 2012-11-25
$12.5	$25	79	2012-11-25 to 2013-02-12
$25	$50	30	2013-02-12 to 2013-03-18
$50	$100	14	2013-03-18 to 2013-04-01
$100	$200	8	2013-04-01 to 2013-04-09

Given this timetable, would anybody like to make a guess at a range of dates between which they believe the exchange rate will reach $400?

[cedivad]

This Saturday? Not possible...

[bitarrow]

wow so 4 days to double hmmm

[ruski]

Question:  How long does it typically take for the USD exchange rate of bitcoin to double?

Answer:

Start rate	End rate	# of days	Dates
$3.125	$6.25	194	2011-12-01 to 2012-06-15
$6.25	$12.5	163	2012-06-15 to 2012-11-25
$12.5	$25	79	2012-11-25 to 2013-02-12
$25	$50	30	2013-02-12 to 2013-03-18
$50	$100	14	2013-03-18 to 2013-04-01
$100	$200	8	2013-04-01 to 2013-04-09

Given this timetable, would anybody like to make a guess at a range of dates between which they believe the exchange rate will reach $400?

Well? 6 months, 5 months, 3 months, 1 month, half a month, quarter of a month.

Another 3 days?

[nwbitcoin]

That is a bubble graph which seems to suggest that it will be $400 in 3 days, and $800 2 days later - and $1600 a day after that!

[Luno]

So $1600 a week from now?

[Gabi]

This is the economic singularity 

[ruski]

Well, all that has to happen is there's no sell orders, and a $1 buy could send it to $1 000 000.

[Newscastix]

So $1600 a week from now?

$3200 half a day later... $6400 by evening... $12800 by midnight that day... 

[Cluster2k]

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

[cedivad]

All what i know is that i'm having an headache. And I'm 21, i should be healthy.
Meanwhile, the 200k$ buy orders on bitstamp and mtgox reaching 210.

There is no stop.

I cannot understand it. I'm trying HARD.

Edit, 211. Like what, 2 minutes after?

[crazy_rabbit]

All what i know is that i'm having an headache. And I'm 21, i should be healthy.
Meanwhile, the 200k$ buy orders on bitstamp and mtgox reaching 210.

There is no stop.

I cannot understand it. I'm trying HARD.

Maybe we have just underestimated how much people are unhappy with the current system.

[ruski]

4.39 days, people.

[Cluster2k]

All what i know is that i'm having an headache. And I'm 21, i should be healthy.

There's plenty of hard drinking going on by the speculators pushing the price up.  They'll have headaches soon too  

I cannot understand it. I'm trying HARD.

You're watching history in the making.

[crazy_rabbit]

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

So we have one week before the crash.

[Arzack]

MAybe the growth would continue exponentially if everybody could invest their fiat immediately.

[phlogistonq]

In the rise since january we have consistently waited for the 12 hour moving average to catch up each time before moving up further.

http://www.bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourztgSza1gSMAzm1g10zm2g25zv

So, this implies some pausing or dipping in between the rises, as has happened so far.
I think your schedule must still allow for this. If it rises too steeply, the order book can't adjust quickly enough.

[Surpbitcoin]

Can it really be? That wuld be too sick. Most of us would be millionaires by the end of the month!

We are the new elite!

[bitarrow]

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

So we have one week before the crash.

i had same thought.

[DannyHamilton]

This Saturday? Not possible...

wow so 4 days to double hmmm

Another 3 days?

- snip -in 3 days, - snip -

So $1600 a week from now?

This is the economic singularity  

- snip - a $1 buy could send it to $1 000 000.

4 days to $400

There is no stop.

4.39 days, people.

So we have one week before the crash.

It's crazy, isn't it?  Can this pattern really continue?  It "feels like" it's going to have to slow down.  I find it difficult to convince my self that it's possible for it to double in 3 to 4 days.  Of course, 9 days ago I'd have found it difficult to believe that it's possible for it to double in 8 days.