Slow and steady wins the race

[GigaCoin]

Bitcoin has been slowly and steadily rising with small bumps in between from $80 to current $120 .

I think this is a good thing imo, a steady healthy rise is always positive on the mid-term, and usually means if we see another sell off it won't go down by much.

based on this pattern, Do you see bitcoin back to $150-$180 by next week, or we gonna see another downfall to sub $100.

[1715146590]

1715146590

[1715146590]

1715146590

[xorglub]

Slow and steady has historically always been good and sustainable.

There has to be a small downfall but the more time goes like this the less impact it will have. No double digits anytime soon IMHO.

[axorb]

Will rise to around 130 before falling back to 100 .

[BitPirate]

Will rise to around 130 before falling back to 100 .

If it gets to $130, we will have no problem to get to $170+.

*if*

[yuvadm]

All this China hype is nothing more than a trap before we continue sliding further down.

[fitty]

All this China hype is nothing more than a trap before we continue sliding further down.

Clearly you were captain of your high school debating team.

[Babylon]

All this China hype is nothing more than a trap before we continue sliding further down.

Clearly you were captain of your high school debating team.

he just wants cheap coins.  It is hard to debate convincingly when you don't believe it.

[SAQ]

Slow and steady? It went from 80 to 120 in two days!

[zby]

Slow and steady? It went from 80 to 120 in two days!

Ha ha - I don't know what people are thinking here - 50% in two days is more then crazy even on bitcoin standards.

[Xer0]

sell order at 125 placed  let's see if it goes thru today

[Zaih]

Yep that's the way. The EXTREMELY fast growth always scares me . But tbh, this is still pretty damn fast...

[bitcon]

rise, chikuns, rise!

[Xer0]

it is still scared of my 125 ask 

[GigaCoin]

Slow and steady? It went from 80 to 120 in two days!

4 days actually.

[evolve]

There is absolutely nothing slow or steady about bitcoins price rise in the last 4 months.

[/img]

[Frozenlock]

Oh look, a non-logarithmic chart!

[evolve]

Quick. Tell me exactly why a log chart would be used here?

Come on, don't be shy.

I'll give you a clue why I didn't use one....exponential growth is unsustainable, and the barrier to entry is greater with a higher price, even if percentage of growth is the same (which is one reason you see stock splits). 

[Frozenlock]

Because you are interested in the relative change.

$1 increase when you are at $1, that's a huge deal.
$1 increase when you are at $120 is nothing.

Are you telling me that when looking at stocks charts, you use a linear scale?

[SAQ]

There is absolutely nothing slow or steady about bitcoins price rise in the last 4 months.

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=C&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&[img][/img]

You must hate that chart now evolve.

Come to the light little bear. Get your fur on another time.

[evolve]

Because you are interested in the relative change.

$1 increase when you are at $1, that's a huge deal.
$1 increase when you are at $120 is nothing.

Are you telling me that when looking at stocks charts, you use a linear scale?

I already addressed why that isn't feasible, and yes, I do use linear charts with stocks.