Quote from: WackyWilly on May 31, 2013, 07:22:54 AM

Thanks for your data analysis.

I'm not sure what you are trying to say, though. If you're trying to say that BTC will keep rising in a similar fashion, then let me just add a word of caution: thinking things will be the way they always have been, is a inherent flaw in the thinking of us, humans. It may have saved us thousands of years ago out there on the Savannah ("if I see the grass moving, I start running for my life. It could be a tiger, or just the wind, but my running at least has never got me killed") but that doesn't make it valid reasoning.

Never undererstimate reality, Bitcoin could remain on that 10% track, or it could simply not.
Always be prepared to adopt the unthinkable, that's basically what I'd like to address.

Indeed. At some point, either no one will care any more (What's the price of a bitcoin in Weimar Republic Deutschmarks?), or else the average will slowly grow to infinity (doubtful). A bitcoin will always represent a certain amount of work that proved something in the past. A dollar has no such intrinsic representation of value. A dollar may always represent a peculiar government that started out with heaps of liberty and shriveled into one of the most tyrannical, but if that happens, dollars created after some date will just be novelties that anyone could make if they wanted; fancy scraps of green cotton fabric.

Watching the average move fascinates me. That last nearly three month stretch of consistent sub-month 10% increases is a useful signal for an overbought condition.