Quote from: nottm28 on June 28, 2013, 10:06:20 PM

Quote from: ThatDGuy on June 28, 2013, 09:54:28 PM

This was a fascinating chart and I checked out the numbers for BTC since 1/2011. Was shocked to see that this trend has continued for quite a while:

Google Spreadsheet with Monthly Lows Summary Data

Interesting findings:

23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
We are in the 16th consecutive month of an increased monthly low price.
The average change from one monthly low price in this time period: +35.70%

Nice spreadsheet -even assuming the increase per month settles at only 10%/month, that would still see the price of BTC rise to around 160 USD in 6 months from now...

Thanks! I was surprised by a lot of the information. Seeing the percentage changes was pretty staggering.

Out of curiosity, I also took the average decrease during the 4 consecutive months from 8/11 - 11/11 (-32%) and applied it to our current low of 88, just to test out a few months, and it showed a drop from:

June - 88
July - 60
August - 41
September - 28
October - 19

Honestly I don't see it dropping below 50 on even the worst of slides, but if we do experience a similar set of consecutive lows for the next 4 months it would put us at $18/BTC - which is still even with February's low of this year!