Topic: Price perspective - page 3. (Read 1552 times)

I think OP's price ranges is just right after all, it is just a timeline. Looking at yours, it is also a good comparison table too and right now I think the point where adoption will get pretty fast will happen by next year or maybe it will be sooner than that. As I can see it now, bitcoin got more exposure than ever before right after the current price rise so a possibility of mass adoption is sure to happen within a year considering Japan and other countries that legalized it wont declare that it is illegal within the time frame.

Before waving goodbye to $3xxx forever! Bitcoin itself is here to stay.

Nice with the words right there and you are predicting that bitcoin will be bye bye after only two months? where is your proof saying such FUD on this forum, you yourself are talking about the price of bitcoin on the many years right now and you are thinking that bitcoin's going to end that way? well I will tell you that bitcoin's price on the upcoming 3 years will be $100,000 mark value and nothing can stop it, but the fake news that have been rising recently have ruining the bitcoin's value and as of now the value is at $3600 and resisting to go up for now.

     0-$1000: 100,000%
$1000-2000: 100%
$2000-3000: 50%
$3000-4000: 33%
$4000-5000: 25% (and has not yet happened by the way).

now that you look at it like this, you can see it was not really a significant rise, you should change your price ranges into percentages if you want to compare them in my opinion. (it will still be similar -faster rise as time passes- but it won't be that big)

the adoption is like this and we are still in the "early adopters" stage which is pretty slow. and it will get faster soon and becomes vertical (with it price will be the same) until the mass adoption and then it plateaus.

Here's some healthy price perspective for you...

Approximate time BTC price has been between:

     0-$1000: 8 years
$1000-2000: 5 months
$2000-3000: 11 weeks
$3000-4000: 26 days (or only 16 days leading up to Sept 1 ATH, pre-"China FUD")
$4000-5000: 37 days

Talk about an exponential time series... Personally, I think Bitcoin owes $3xxx at least another month or two before waving goodbye forever.

Edit: quoting my post below:

Doubling times might be another way to look at it...

Approximate time to "permanently" double:

from $5 to last time it ever dipped below $10: 7 months
$10 to $25: 4 months
$25 to $50: 2 months
$50 to $100: 6 months
$100 to $250: 2 years (!)
$250 to $500: 10 months
$500 to $1000: 8 months
$1000 to $2500: 4 months
$2500 to $5000: (not yet: 2 months and counting...)

Edit: quoting my plot below:

The last 10 floor to floor Bitcoin doublings since Nov 2012, now in more precise graphical form on a log-linear plot using Bitstamp pricing. I arbitrarily chose base 5 because it fits this plot well. Base 2 would have the same number of doublings.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

The Mt Gox bubble is clearly disruptive to trend. Since recovery, doubling times have only accelerated. This kind of hyperbolic growth is typical of a technological singularity. Think color tv, mobile phones, or the Internet.

At this scale, it's really hard to see the recent hardfork and China FUD having much of an impact at all.