Quote from: rpietila on May 04, 2013, 03:41:35 AM

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it Huh

Considering that we by and large visited the 3rd fibonacci of $78 (never judge with more than 1-2% precision, this is not voodoo after all but real world, it is close enough - I should have known from the first visit to 91 that 95 will not hold, it is too far), the upmove will just be commensurately violent.

At $50 we saw 4th order fibonabbi retracement double(intraday:triple/quadruple) bottom megamove finalcapitulation (akin to 100 megaton fusion charge). As a result, we rallied 50->167 (234%) in 8 days. Now that is 0.64% per hour, compared to the 0.08% exponential trendline it is 8 times faster rate of appreciation.

The sorry state of mankind is truly manifest in its lack of understanding the exponential function. You do not even regard 0.30% per hour as fast when measured in hourly scale (on the contrary, 1 dollar per 3 hours is considered "bitcoin is dead" in these forums).

By being dead continuously for 2673 hours, bitcoin will reach $300k USD by...

...Christmas, this year?

No. August, 22.

Granted, the dealer network and some other stuff will have to begin operating, but the good thing is they will, regardless of what you and I do. Even the dealer network fixing excelsheet I already have, and use it for mathematically heavier calculations than "just" stabilizing the price and flows of bitcoin worldwide, which is pretty easy really. The heaviest part is to write enough on this forum, to convince at least 10 other dealers, which I believe are pretty much convinced already, or will be after the I Supernode Summit.

Yesterday alone, I talked to two people more knowledgeable than me. I am just a messenger, like I said when I started posting in a serious way about 30 days ago.

If someone buys bitcoins in May, 2013, he will be rich. In December, he will be poor. The fair value will be crossed somewhere in between.

ADD:
Visual aid: "Bitcoin is dead in between $90 and $100 now." (zoom to 12h).

Quote from: TheKoziTwo on May 04, 2013, 03:48:44 AM

Quote from: rpietila on May 04, 2013, 03:41:35 AM

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users)

Where did you get those numbers?

From my hat. I will post some proof later, but the mobile phones example of 1998-1999 is a good primer.

Quote from: seleme on May 04, 2013, 03:53:43 AM

rpietila's SR dealer must have been rich for some time now, his client is high all day and night, selling him stuff is one serious business Grin

Good stuff is increasingly hard to find even now. I believe silk road will be out of (quality) herb, in about July, 2013.