Quote from: Spaceman_Spiff on June 09, 2017, 07:42:40 PM

Quote from: JimboToronto on June 09, 2017, 07:32:09 PM

Quote from: Dafar on June 09, 2017, 06:40:47 PM

Bro, I've been in BTC longer than that chart... if it was truly parabolic my $50K investment in bitcoin wouldve made me a millionaire, not a lame thousand-air

This is slow steady growth, which I'm not complain about at all, I love it actually. But people are claiming that we are due for a huge crash... I mean what?? We haven't even had much fun yet! At least give me dat parabolic move BEFORE we crash and do a 50% retrace

I've only been into Bitcoin since it had just finally broken out of single digits for good but if you look back to when it was worth less than a penny per coin you'll see that its growth has indeed been and still is parabolic. To really see it, look at the log chart for the last 7 years.

Sure, there was that anomaly back in 2014-5 when it dipped below the ascending line. Look at the log chart before or after that anomaly and you'll see they're both rising at a parabolic rate. That'd why I chose a chart starting in summer of 2015.

If you'd bought in 2012 or early 2013, your $50k investment would have already made you a multi-millionaire.

Parabolic != Exponential

Exponential can be approximated as a parabolic series for low intervals with high precision. Remember Bitcoin is new and the grow can't be exponential or parabolic forever