Topic: Milestones - page 4. (Read 12668 times)

12-16. Just in time to pay for my daughter's college.  I guess she will be able to go to Harvard after all.   Then again,  who needs college with that much cash?  Maybe it will be better to give her money to start a business of some sort!

The data start at $0.05. I added $0.10 to $1.00.

Can you also include from $0.01 until $1, that would be great.

thanks for helping me with timing:

https://bitcointalksearch.org/topic/m.3055867

In terms of the long term trend, I don't think the elevated prices on Mt Gox are that important so I'm going to keep using their price for this. What's ~10% when we're talking about tracing a movement that's expected to span 6 orders of magnitude?

i see, Just coincidence then that the next step was hit on Bitstamp and Gox. (you could just switch no need to revisit the past if you thought it relevant.)

I started using Mt Gox, and I don't know if there's any reasonable way to switch to another data source without starting over from scratch.

Are you using Bitstamp or CoinDesk BPI

I am sure people thought BTC being worth over $125 was wishful thinking.  I think by the time BTC gets to this point it will have to be more "mainstream" and be used regularly.  This will help stabalize the price.  As time goes on there will be less early adopters holding onto large amounts of Bitcoin and there will be less risk of massive sell offs and less fluctuations in price as well.  Right now (or the next few years) is the most volatile Bitcoin will be.

Do you honestly think that fiat will last forever?  If not, then explain your ludicrous scoffing at a market capitalization of the most established cryptocurrency that is in the trillions of USD (unless you think that there will be dozens of valuable cryptocurrencies that collectively have a market capitalization in the trillions of USD, or that gold and silver will be commonly used as media of exchange again). 

You don't just get to ignore facts and logic while hand waving things away without being called out on it. 

Why would you sell if you could buy stuff with your Bitcoin? If Bitcoin reaches high numbers ( 4 digits ) then there is sure an high amount of stuff you can buy with it.

hardcore wishful thinking not possible -  isnt the largest stock berkshire hathway A stock at 167,000 a share?  If btc reaches that price there would be a massive sell flood that would crash the price back down to double digits or possibly low triple digits like it is now.  I think that we have a good shot of the price ceiling being between 200-2500 dollars at most, but if it were to still rise past that price then many many many more people would flood it to mine or mine alts to exchange for btc for fiat - that cycle will correct the price bubble. 

I don't mean to be the killjoy on this thread...I want it just as bad as you to hit a million dollars easily.  Thats like 10k per bitcent!  We would definitly be singing a different tune about all those fools (now geniuses) for buing up block eruptors to mine at 2btc a piece.

we all have a dream

I love this post. Please happen. 

Well if more than 5 people used LTC, we might see it go to a major exchange.

The following are the intervals between the dates for the 0.1 increments of log_10 (Mt. Gox price in USD), supplied by the OP:

time from 0.0 to 0.1:  6 days
time from 0.1 to 0.2:  4 days
time from 0.2 to 0.3:  2 days
time from 0.3 to 0.4:  215 days
time from 0.4 to 0.5:  16 days
time from 0.5 to 0.6:  10 days
time from 0.6 to 0.7:  143 days
time from 0.7 to 0.8:  34 days
time from 0.8 to 0.9:  27 days
time from 0.9 to 1.0:  48 days
time from 1.0 to 1.1:  93 days
time from 1.1 to 1.2:  48 days
time from 1.2 to 1.3:  13 days
time from 1.3 to 1.4:  10 days
time from 1.4 to 1.5:  15 days
time from 1.5 to 1.6:  6 days
time from 1.6 to 1.7:  13 days
time from 1.7 to 1.8:  5 days
time from 1.8 to 1.9:  108 days
time from 1.9 to 2.0:  19 days

minimum:  2 days
maximum:  215 days
mean:  41.75 days
median:  15.5 days

Interestingly, the short (single digit intervals) exist at both the low and high price ends, indicating that the growth is quite a bit faster than linear (if the short intervals clustered at the low end and the long intervals clustered at the high end that would indicate closer to linear growth).  Also, only three of the intervals are in the triple digits.  Based on the mean and median that I calculated, one could reasonably extrapolate using a month as the interval (in other words, a ten fold increase every ten months).  At that rate, we'd see:

08-13:  2.1
09-13:  2.2
10-13:  2.3
11-13:  2.4
12-13:  2.5
01-14:  2.6
02-14:  2.7
03-14:  2.8
04-14:  2.9
05-14:  2.9
06-14:  3.0 (1,000 USD!)
07-14:  3.1
08-14:  3.2
09-14:  3.3
10-14:  3.4
11-14:  3.5
12-14:  3.6
01-15:  3.7
02-15:  3.8
03-15:  3.9
04-15:  4.0 (10,000 USD!)
05-15:  4.1
06-15:  4.2
07-15:  4.3
08-15:  4.4
09-15:  4.5
10-15:  4.6
11-15:  4.7
12-15:  4.8
01-16:  4.9
02-16:  5.0 (100,000 USD!)
03-16:  5.1
04-16:  5.2
05-16:  5.3
06-16:  5.4
07-16:  5.5
08-16:  5.6
09-16:  5.7
10-16:  5.8
11-16:  5.9
12-16:  6.0 (1,000,000 USD!)

If you think that Bitcoin will largely replace fiat currencies, then it must reach at least one million USD.  With all of the horrible economic news (massive national debts, governments seizing funds from bank accounts, the serious weakening of all fiat currencies, etc.) that has been going around since pretty much the turn of the millennium, I would not be surprised if this pattern holds, or even turns out to be too conservative (e.g., the milestones happen sooner than projected here).  

10+

Things were boring for a while so I got out of the habit of updating.

Also, you're freaking me out with that low post count.

Interesting.  It would have been nice to buy at a dollar.  Oh well.   I guess it could still be early in the game though.

I like your style, dude.