2% daily growth would bring us to ~$200k this time next year. 
That is a very happy medium.
Topic: Finally a happy medium? (Read 1809 times)
That is a very happy medium.
It went up 2.19% today which i consider a good large increase but not alarm bell large.
Just 271585% per year if constant compounded daily. I don't hear any alarm bells.
On a day of a good rally the markets will go up 2% or more. Bitcoin, seeing as it started out for practically free, makes sense that it will have a ton of good rallies in a row.
It went up 2.19% today which i consider a good large increase but not alarm bell large.
Just 271585% per year if constant compounded daily. I don't hear any alarm bells.
The average for 2013 is around 2.5% daily.
< image up above >
< image up above >
The black arrows you drew are a little misleading since your horizontal grid lines are exponential... All 3 black arrows would actually all be at the 12:05 on the clock dial. LOL
i suggest you to graph the % daily changes for the last years of the avg price. highest spikes were before the 2011 hype.
Good post, but I tend to find (not so much here) that people think of Bitcoin as a 'commodity'.
It is not.
Compared to other monetary systems, the growth rate is unheard of, and is totally insane (in a very good way) in financial terms.
There are many factors that contribute to this (and will over the next couple of years), but most notable, the internet.
It is not.
Compared to other monetary systems, the growth rate is unheard of, and is totally insane (in a very good way) in financial terms.
There are many factors that contribute to this (and will over the next couple of years), but most notable, the internet.
+2.94 (2.19%)
2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.
To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!
Everybody has a reason to be happy.
2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.
To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!
Everybody has a reason to be happy.
I like you
2% daily growth would bring us to ~$200k this time next year.
I think you can count on 2% daily growth (except on weekends and 'gox weekends') at least on the short term. 
2% daily growth would bring us to ~$200k this time next year.
+3.59 (2.67%)
Thats fine too.
Thats fine too.
(in case you guys missed it from reddit
)
Insane if you look at it in the long term haha.
But yeh, I guess it's peaceful compared to what we just went through ;d
But yeh, I guess it's peaceful compared to what we just went through ;d
gotta admit it's pretty boring to watch though!
Only in BTC would 2.19% daily growth be considered the 'happy medium'......this is an absurd growth rate by any standard.
The average for 2013 is around 2.5% daily.
At this rate of 2.19% the time to double in value (assuming that it compounds) would be about a month.
This is still a preposterously high rate of return on investment.
This is still a preposterously high rate of return on investment.
Keep in mind that nowadays most banks will give you 2.xx% _per_year_
I would be extremely happy with that rate of increase. Somehow 2.19% still seems extremely bullish though.
It went up 2.19% today which i consider a good large increase but not alarm bell large.
Do you mean +2.19% per day? week? month?
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