Quote from: BTCtrader71 on June 03, 2014, 02:26:24 AM

Quote from: pinksheep on June 02, 2014, 10:20:57 PM

Quote from: JimboToronto on June 02, 2014, 09:13:43 PM

Quote from: farnsworth7 on June 02, 2014, 08:53:49 PM

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?

The "vertical" stage just means that the exponential rise is coming to an end. If you take an exponential rise (and smooth away the booms and busts) and plot in on a liner scale, it will ALWAYS look vertical.

On average, bitcoin has been doing this:
rising roughly 10x per year
doubling every 100-ish days
increasing by 22% (ish) per month
increasing by two-thirds of one percent per day

That means we'll expect to hit $100 per day when the price itself hits about $15,000, which should be a little over a year from now.

Caveat: I'm calculating assuming a smooth rise, and of course there's lots of superimposed noise that places lots of room for error in those calculations.

Hmm I think we're about to reach the vertical of another bubble. Not the definitive vertical that will take us to da moon, but maybe one step further.