The frenzy will end eventually.
Of course it will, that's your speculation and a perfectly sensible one.
That there is some time to go before that happens is my speculation based on relatively short-term extrapolation of the current trend.
Topic: Latest Bitcoin Chart Showing the Largest Trends since 2010 - 7th April 2013 (Read 2316 times)
April 08, 2013, 02:53:46 AM
Of course it will, that's your speculation and a perfectly sensible one.
That there is some time to go before that happens is my speculation based on relatively short-term extrapolation of the current trend.
April 08, 2013, 02:03:21 AM
The frenzy will end eventually.
April 08, 2013, 01:03:21 AM
Who says Bitcoin is a currency? Bitcoin is maybe 10% currency, 10% anonymous global payment system, and 80% store of value. Those percentages will change as price rises, though.
April 07, 2013, 05:37:00 PM
Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency.
Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap.
dude that was deep
April 07, 2013, 04:12:58 PM
Problem is price has to stabilize for it to be useful as a currency. I have almost mined enough Litecoins to buy an oz of silver and I was thinking about waiting to buy it so I can spend less litecoins. Not good for people to be thinking about that for a currency.
Bitcoin may actually be the solution to people only buying what they need instead of just throwing their money away on random crap.
April 07, 2013, 02:13:23 PM
Interesting observations. I hope Bitcoin can maintain this growth. 
Ha me too, naturally!
It was fun to put together
April 07, 2013, 02:01:16 PM
Interesting observations. I hope Bitcoin can maintain this growth.
April 07, 2013, 01:55:18 PM
Sorry, I've been inserting these into random posts including the Wall Observer, probably best if I just give it a post in Speculation.
It's interesting to note that the daily growth which was running at an average of 1.8% from January to March changed dramatically on 17th of March to the current average of 5.9%.
The two previous sustained moves up in price saw average daily growth of 5.4% (2010) and 6.5% (2011).
I wouldn't like to draw any comparisons just yet.
Disclaimer: I'm just a bloke who loves Bitcoin, not a financial wizard as you can probably tell
Oh, I'll keep these charts up-to-date over at: http://tonycoleby.com/bitcoin
Jump to: