100$ price increases per day are now new normal

[Gordonium]

I think that soon $1000 increases per day will be normal.

After that we enter into the Bitcoin Singularity.

[sgbett]

I think you underestimate just how many dollars there are

[phlogistonq]

Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...

[glendall]

I would have thought I'd be prepared for this last 2 weeks of craziness in the bitcoin world but I'm just not. It's just plain nuts. I still can't parse the prices we are seeing. Every single time I set expectations for Bitcoin, even when I first heard of it a long time back, each time it blows away my expectations.

Even if someone said it'll be like $20,000 a bitcoin someday I can't say any more that that is ridiculous.

I think this also shows how weak and rotten the fiat currency world is, but suppose that's a different discussion...

[Gordonium]

Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...

Sure but what I meant with new normal was that it will increase EVERY DAY with 100$ from now on. And after that with $1000. And after that..

[Gemminyc]

Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...

True, no much needed to crash this bubble. I saw such fast price rise right before crash already, so no surprise for me if it happens soon