Topic: Is anyone worried how fast BTC is climbing in price? - page 5. (Read 8435 times)

No. Second Market entering bitcoin market can easily quadruple the price in just few months. $200 is peanuts.

Bitcoin has yet a long way to go to reach the market can of Angry Birds., which is around $7 billion http://www.dailymail.co.uk/sciencetech/article-2141123/Angry-Birds-creators-float-stock-market-5-5-BILLION-puzzle-game-hits-200-million-users-month.html

Bitcoin barely made it past $2billion.

1 year !




sorry for the bad crop in the previous post !

Y axis are $, but some are missing a 0.

Whats on the y axis?

To keep a realistic eye on the price, we must use a log scale graphic.. 1$ to 10$ is tenfold, as from 10$ to 100$, 100$ to 1000$.. That's why the log scale grapghic are way more realistic, from an investment point of view.

I dont see any parabolic or bubble here yet :

The price is going up too fast. High risk of bubbling.

LOL!

One of my grandmothers is pretty much 100 years old, and surprisingly sharp and sprightly for someone whose lifespan covers what appears to most of us like almost an eternity, but she barely manages to use a PC with dial-up modem to be honest. I can just envisage her setting up a bank of LTC FPGAs... hahaha...

you know that bitcoin is mainstream when...

-there are loads of bitcoin magazines at the newsstands
-there are bitcoin tv shows on every channel
-the taxman starts accepting payments in btc
-a bitcoin wallet is a feature of windows 10
-reports about the first trillionaires hit the news
-your kid demands its pocket money in btc
-your grandma starts mining altcoin

S-curve of course, but that S doesn't start inflecting until wayyyyyyyy later, like when a significant percentage of the population owns a significant amount of BTC.

Chinese investment

I'm not shocked at the price gains. I think it's moreso the market movements.  Markets with the higher volumes, and more aggressive volumes, are the ones that will win in the long run.. and by win, I mean, control the overall price through leading other markets (Gox for example, 2 years ago).

Is there a correlation you think?  I mean apart from possible ASIC companies pushing up price, so their business model does not fail?

Here is the 2013 chart I put together (you need FireFox to view though)

Some notes to remember about Bitcoin.

1) It's a different market, and the world hasn't seen one like it as far as I'm aware.  Thus, to make the assumption that you can analyze or predict the economy based upon effective market analysis tactics in the same way that you would analyze fiat currencies or the gold markets isn't necessarily true.

2) If you do some research about Bitcoin and simply look at the math behind it, mass adoption of Bitcoin would likely necessitate the formation of what would appear to be some of the most gargantuan bubbles ever seen.  Hell, even an influx of only 1% of the worlds GDP over the course of a few years would create a 'bubble' so large that our heads would be spinning in euphoric delirium.

3) New systems, let alone economic ones, are prone to mass instability/volatility.  They have to be, and this is an inevitable result between the ratio in size between the smaller system and the larger system(s) in which it is nested, and with which it receives and relays its inputs and outputs.  As systems grow and become more balanced, the effects of "extreme cases" (in Bitcoin, these are your whales and your 'manipulators') are minimized.

TL;DR:  If you've been around this market for more than a year or two, $20-$30 swings in a day isn't very shocking...you just take this into account when safeguarding your assets.

Difficulty jumps at least 30% every 10 days, but we are just start to see a 30% rise in price since September, very reasonable pace

There are many peoples who don't know bitcoin yet so I believe price will be much higher than now. I don't worry about it.

There are still SO many people who think parabolic is the only possible shape for price increases. S-shape is a perfectly viable option. And seeing as we aren't at the bottom of the $13-$266 jump, that wasn't parabolic in the sense that most people use the word.

"What goes up must come down" - yes but in what time-frame?

You could say the AM radio has become obsolete but there is one in almost every automobile in existence, as well as on countless portable CD/radio devices. It's so ubiquitous we don't even think about it anymore. S-shape.

Watch out for people who start out with an unstated assumption that parabola is the only possible shape for price moves, without even entertaining any other possibilities.

awesome, please put it in memespeculation thread! 

Adoption curve?       

I think the Silk Road Incident, was just capitulation.  When there is capitulation in the markets the price usually goes up (or down depending on the trend)


Does anyone have the figures for these charts?!?!  If I could get my hands on the

OHLC  (open-high-Low-close)  I can input it into my MetaStock EoD and analyse the charts.

The longer further back the better.

But I think it is the traders of BTC that is messing this up, they dont have to follow any rules here, it is out of the SEC (or any legal body's) jurisdiction.

With the added danger that BTC is getting the same level of Television Coverage as GM during Distribution Periods.

i just found the RAW DATA thanks to you guys, I will put a proper LOG chart