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Topic: Future price of bitcoin - logarithmic chart - page 5. (Read 29135 times)

sr. member
Activity: 434
Merit: 250
November 09, 2013, 01:51:16 AM
#11
after the hysteria we're going through right now.. we'll be able to review data from 3 bubbles. seems like the first crash was much more significant than the 2nd, and that is probably what is to be expected of the 3rd crash.

first crash went $1->$12->$6, then the second one went from $10->$260->100.

of course, the scale is too small so i don't know.
sr. member
Activity: 399
Merit: 250
November 08, 2013, 10:33:59 PM
#10
As pointed out before, its cool, but also a load of shite, as past performance is not an indication of future results, especially with something as volatile as Bitcoin.

Also this: http://xkcd.com/605/

Heh funny chart but little bit exaggerated couse it is based on only one single discrete data. Bitcoin chart is based on milions of discrete datas.
Topic's chart looks enormously crazy for first look but, if worth of dollar will collapse then it can become true and then we will have some kind of devaluation of bitcoin. Am i right?

So you are saying that a million random data point have more weight than a single random event, when predicting the future?
legendary
Activity: 1974
Merit: 1029
November 08, 2013, 10:00:11 PM
#9
Would love to be proved wrong but I find it hard to reach $10k next year. I'm pretty convinced we'll see 1k but 10k is just too much (and yeah I know when we were at 1 it seemed impossible to hit 100).

The chart says $1K next year, and $10K in two years. Right?

Ah, yup. But still…
hero member
Activity: 686
Merit: 501
Stephen Reed
November 08, 2013, 08:17:22 PM
#8
Would love to be proved wrong but I find it hard to reach $10k next year. I'm pretty convinced we'll see 1k but 10k is just too much (and yeah I know when we were at 1 it seemed impossible to hit 100).

The chart says $1K next year, and $10K in two years. Right?
legendary
Activity: 1974
Merit: 1029
November 08, 2013, 08:07:44 PM
#7
Looks crazy couse this is logarithmic scale. Hard to believe that this prediction will happen but..

What do you think about this?

Would love to be proved wrong but I find it hard to reach $10k next year. I'm pretty convinced we'll see 1k but 10k is just too much (and yeah I know when we were at 1 it seemed impossible to hit 100).
legendary
Activity: 1344
Merit: 1001
November 08, 2013, 06:01:40 PM
#6
I like this chart better (considering an exponential curve) that is on on another post. It is easier for me to visualize it for some reason.  I think it is close to the OPs chart.

https://bitcointalksearch.org/topic/m.3464070

We might be on the bottom of the S Curve which implies the best is still yet to come!  Grin
Yup that looks even more interesting about where we can be right now Grin
legendary
Activity: 1148
Merit: 1001
November 08, 2013, 05:45:57 PM
#5
I like this chart better (considering an exponential curve) that is on on another post. It is easier for me to visualize it for some reason.  I think it is close to the OPs chart.

https://bitcointalksearch.org/topic/m.3464070

We might be on the bottom of the S Curve which implies the best is still yet to come!  Grin
legendary
Activity: 1344
Merit: 1001
November 08, 2013, 05:14:36 PM
#4
As pointed out before, its cool, but also a load of shite, as past performance is not an indication of future results, especially with something as volatile as Bitcoin.

Also this: http://xkcd.com/605/

Heh funny chart but little bit exaggerated couse it is based on only one single discrete data. Bitcoin chart is based on milions of discrete datas.
Topic's chart looks enormously crazy for first look but, if worth of dollar will collapse then it can become true and then we will have some kind of devaluation of bitcoin. Am i right?
newbie
Activity: 56
Merit: 0
November 08, 2013, 04:56:27 PM
#3
As pointed out before, its cool, but also a load of shite, as past performance is not an indication of future results, especially with something as volatile as Bitcoin.

Also this: http://xkcd.com/605/
legendary
Activity: 1078
Merit: 1003
November 08, 2013, 04:49:27 PM
#2
I'm okay with this.
legendary
Activity: 1344
Merit: 1001
November 08, 2013, 04:39:34 PM
#1
Hello,

I've just seen link for interesting chart on btc-e chat.

One user posted this:



Looks crazy couse this is logarithmic scale. Hard to believe that this prediction will happen but..

What do you think about this?
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