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Board Beginners & Help
Re: Do you think BTC will hit $300?
by
DomainsRUs
on 29/10/2013, 19:17:02 UTC
This guy offers some interesting numbers...and I wouldn't be surprised if we see something very close to this start happening.

http://www.reddit.com/r/BitcoinMarkets/comments/1p7mkc/some_napkin_calculations_on_the_latest_bubble/

Quote
Ok done some calcs based on your idea that this is pre bubble correction.

The numbers match so well from this bubble to the last is actually scary.

If you assume that the two time periods in this pic (http://imgur.com/xneuctr) are from the same part of the bubble then the number are:

Last bubble: $49 ↓(24%) $37 ↑(102%) $75 ↓(30%) $52 ↑(411%) $266

This bubble: $145 ↓(24%) $110 ↑(112%) $233 ↓(25%) $175 ↑(411%) $719?

If this holds up, we haven't even touched the parabolic climb we're about to experience...this will blow away our previous record highs.

Keep reading though...as 719 is definitely the top of a mountain, and then it falls to around 150 (assuming the trend continues like the previous bubble in April).