1473% increase!!! BUBBLE!!!! NEVER BEFORE HAS THIS HAPPENED!!!

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: oakpacific on April 05, 2013, 01:38:21 AM

http://www.google.com/trends/explore#q=buy%20silver%2C%20buy%20bitcoins&date=today%203-m&cmpt=q

The end of silver and the last money standing. Grin

Thats really interesting. Wonder if theres a way to include foreign language searches for the same thing so its not just english speaking countries

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

The run-up to the 2011 crash saw a 3,800% increase in just 58 days. A correction was inevitable.

oakpacific

hero member

Activity: 784

Merit: 1000

http://www.google.com/trends/explore#q=buy%20silver%2C%20buy%20bitcoins&date=today%203-m&cmpt=q

The end of silver and the last money standing. Grin

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: casascius on April 05, 2013, 12:21:38 AM

Price of a bottle of water before public water supply contamination event: 99 cents

Price of a bottle of water after one: $10

It's a 1000% increase! Must be a bubble! Sell your bottled water before it all crashes!

(It's sort of like Bitcoin, with one minor difference: They'll fix the public water supply soon enough, but the broken financial system that's making Bitcoin look good isn't going to be fixed any time soon.)

Love the analogy haha Grin

casascius

vip

Activity: 1386

Merit: 1140

The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Price of a bottle of water before public water supply contamination event: 99 cents

Price of a bottle of water after one: $10

It's a 1000% increase! Must be a bubble! Sell your bottled water before it all crashes!

(It's sort of like Bitcoin, with one minor difference: They'll fix the public water supply soon enough, but the broken financial system that's making Bitcoin look good isn't going to be fixed any time soon.)

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Crazy on April 04, 2013, 11:30:21 PM

Still doing percent increase wrong? $0.30 -> $4.72 = 1473%, not 1573%. $4.72 -> $13.50 = 186%. Not going to take your market predictions to heart, no offense.

Ahh, yep. I just divided then moved the decimal not taking into account the original value. The ratio is the same for the $212 estimate though.

Quote

And BTC... popular? I just asked my VPS provider to either re-price my monthly dues at current market value of BTC (it's a $5/mo VPS now invoicing me for $14/mo in BTC), or let me pay with Paypal. I'm actually annoyed with BTC. Go figure.

My hosting service adjusts the cost in BTC based on the dollar cost. Check out Bitronic.

I pay $66/month for a dedicated server. Last month that was 1.4 BTC, this month it will be less than 1 BTC.

Rallye

member

Activity: 94

Merit: 10

212 huh? so are you saying this will be the "boiling point" at which we stop going up and the price comes crashing down? hehe

Aozora21

newbie

Activity: 42

Merit: 0

Quote from: notme on April 04, 2013, 11:31:48 PM

Quote from: Aozora21 on April 04, 2013, 11:28:26 PM

any idea whats causing the halt at the 133 area?

gremlins

lol well someone stop getting them wet

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Aozora21 on April 04, 2013, 11:28:26 PM

any idea whats causing the halt at the 133 area?

gremlins

Crazy

full member

Activity: 182

Merit: 106

Still doing percent increase wrong? $0.30 -> $4.72 = 1473%, not 1573%. $4.72 -> $13.50 = 186%. Not going to take your market predictions to heart, no offense.

And BTC... popular? I just asked my VPS provider to either re-price my monthly dues at current market value of BTC (it's a $5/mo VPS now invoicing me for $14/mo in BTC), or let me pay with Paypal. I'm actually annoyed with BTC. Go figure.

Aozora21

newbie

Activity: 42

Merit: 0

any idea whats causing the halt at the 133 area?

yokosan

hero member

Activity: 700

Merit: 500

The question is not if we will reach the 2011 increase, but when.

And the answer is probably this month.

BIGMERVE

hero member

Activity: 728

Merit: 500

Quote from: Elwar on April 04, 2013, 07:43:57 PM

Bitcoin increased 1573% in one year!

$.30 to $4.72....in 2011 (1573%)

$4.72 to $13.50...in 2012 (286%)

So far in 2013:
$13.50 to $130 (963%)

For a 1573% jump for the year the price would need to reach:
$212.35

We are only slightly ahead of our 2011 pace.

Then again, Bitcoin is becoming much more popular and the world is a lot less stable.

We'll be there next week.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Elwar on April 04, 2013, 07:43:57 PM

Then again, Bitcoin is becoming much more popular and the world is a lot less stable.

The bitcoin economy is more developed. The support infrastructure is better than it was in 2011 even if it is struggling to keep up with the load. There are a lot more you can do with bitcoins now.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

add a measurement of how much more uses bitcoin has now. then plot that as a ratio and see how undervalued we are.

1 stock of the DJIA is $14,000...

1 bitcoin can easily get there in a year or two

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Bitcoin increased 1473% in one year!

$.30 to $4.72....in 2011 (1473%)

$4.72 to $13.50...in 2012 (186%)

So far in 2013:
$13.50 to $130 (863%)

For a 1473% jump for the year the price would need to reach:
$212.35

We are only slightly ahead of our 2011 pace.

Then again, Bitcoin is becoming much more popular and the world is a lot less stable.

Topic: 1473% increase!!! BUBBLE!!!! NEVER BEFORE HAS THIS HAPPENED!!! (Read 2229 times)