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IF one uses a linear TRENDLINE:
When will the inherent worth of one BTC = 1000 USD?
Begin here;
April 2011 ca $2, April 2013 ca $139.
So (roughly) $68.50 per year inherent increase.
1000 - 139 = 861
861/68.5 = 12.569 years.
It's a "long" few years according to steady linear growth of the INHERENT bitcoin worth being 1000 USD. Again spikes could see the ATH above 1000 several years and multiple times before the inherent worth catches up.
For example the inherent worth of BTC being 266 USD will occur in;
266 - 139 = 127
127/68.5 = 1.854 years.
Also in about a year and 10 months or February 2015 - but we have already spiked that value once in 2013.
"You've got to know when to hold them."
Don't be a gambler, be smart, buy bitcoins.
N.B. If the US Federal reserve note crashes, 1 BTC will be 1000 USD much faster than 12.6 years.
When will the inherent worth of one BTC = 1000 USD?
Begin here;
April 2011 ca $2, April 2013 ca $139.
So (roughly) $68.50 per year inherent increase.
1000 - 139 = 861
861/68.5 = 12.569 years.
It's a "long" few years according to steady linear growth of the INHERENT bitcoin worth being 1000 USD. Again spikes could see the ATH above 1000 several years and multiple times before the inherent worth catches up.
For example the inherent worth of BTC being 266 USD will occur in;
266 - 139 = 127
127/68.5 = 1.854 years.
Also in about a year and 10 months or February 2015 - but we have already spiked that value once in 2013.
"You've got to know when to hold them."
Don't be a gambler, be smart, buy bitcoins.
N.B. If the US Federal reserve note crashes, 1 BTC will be 1000 USD much faster than 12.6 years.
Oooh she's scary!
Great that she's accepting BTC for her new age business, but what was that?
she looks pretty good, forward thinking, she seems like fun
i'd do her
Eeeeeeeeeeeeee!
Boy do we have different tastes!
Oooh she's scary!
Great that she's accepting BTC for her new age business, but what was that?
"beliving"?
Heck, why not besinging and bedancing too?
That would be a Belieber.Heck, why not besinging and bedancing too?
Don't you try to justin me bro!
Re: ManBearPig's 25th April 2013 BTC/USD Chart inc. Recent News & Moves
Inherent worth of one BTC = 1000 USD?
Begin here;
April 2011 ca $2, April 2013 ca $139.
So (roughly) $68.50 per year inherent increase.
1000 - 139 = 861
861/68.5 = 12.569 years.
It's a "long" few years according to steady linear growth of the INHERENT bitcoin worth being 1000 USD. Again spikes could see the ATH above 1000 several years and multiple times before the inherent worth catches up.
For example the inherent worth of BTC being 266 USD will occur in;
266 - 139 = 127
127/68.5 = 1.854 years.
Also in about a year and 10 months or February 2015 - but we have already spiked that value once in 2013.
"You've got to know when to hold them."
Don't be a gambler, be smart, buy bitcoins.
[edit] If the US Federal reserve note crashes, 1 BTC will be 1000 USD much faster than 12.6 years.
Begin here;
April 2011 ca $2, April 2013 ca $139.
So (roughly) $68.50 per year inherent increase.
1000 - 139 = 861
861/68.5 = 12.569 years.
It's a "long" few years according to steady linear growth of the INHERENT bitcoin worth being 1000 USD. Again spikes could see the ATH above 1000 several years and multiple times before the inherent worth catches up.
For example the inherent worth of BTC being 266 USD will occur in;
266 - 139 = 127
127/68.5 = 1.854 years.
Also in about a year and 10 months or February 2015 - but we have already spiked that value once in 2013.
"You've got to know when to hold them."
Don't be a gambler, be smart, buy bitcoins.
[edit] If the US Federal reserve note crashes, 1 BTC will be 1000 USD much faster than 12.6 years.
Re: ManBearPig's 25th April 2013 BTC/USD Chart inc. Recent News & Moves
9th Jan to 18th Mar: I concur, that is the inherent BTC increase rate.
Your blue line is correct IMO.
If the USD doesn't crash one BTC will have a value of ca 1000 USD in a couple/few years. The blue line will even give the predicted month. Spike(s) could see an ATH over 1000 USD months in advance of the BTC value actually being so.
Fine graph.
Your blue line is correct IMO.
If the USD doesn't crash one BTC will have a value of ca 1000 USD in a couple/few years. The blue line will even give the predicted month. Spike(s) could see an ATH over 1000 USD months in advance of the BTC value actually being so.
Fine graph.
Nice to see some sense being spoken and a bullish attitude with something to back it up
I've been going on (and on) about the trend set in the first part of this year as being the true reference line: 1.8% daily growth.
I think taking it back to the underground days is flawed in that, only this year are we seeing anything like the real value. But if you see here (the last chart I made showing the entire Mt Gox history), you can see that trend albeit in a looser fashion, actually began in Feb 2012:
http://tonycoleby.com/shared/2013-04-11_bitcoin_growth.png
It is by far the longest vague trendline since July 2010. People, whether consciously or otherwise are looking at that line as a long-term reference.
If you are feeling super-bullish, you can extrapolate the trend from $47.40 on 17th March 2013 @ 1.8% daily growth and see that the line passes through $1,000 in about 6 months. What with the volatile nature of BTC, we could see that price in half the time if only temporarily.
I'm sure a lot of people have a price target in their head and $1,000 is a nice, round figure
I've been going on (and on) about the trend set in the first part of this year as being the true reference line: 1.8% daily growth.
I think taking it back to the underground days is flawed in that, only this year are we seeing anything like the real value. But if you see here (the last chart I made showing the entire Mt Gox history), you can see that trend albeit in a looser fashion, actually began in Feb 2012:
http://tonycoleby.com/shared/2013-04-11_bitcoin_growth.png
It is by far the longest vague trendline since July 2010. People, whether consciously or otherwise are looking at that line as a long-term reference.
If you are feeling super-bullish, you can extrapolate the trend from $47.40 on 17th March 2013 @ 1.8% daily growth and see that the line passes through $1,000 in about 6 months. What with the volatile nature of BTC, we could see that price in half the time if only temporarily.
I'm sure a lot of people have a price target in their head and $1,000 is a nice, round figure
ManBearPig,
A 1.8% per day increase seems about right.
In your graph, which is logarithmic, the gradual 30-40 degree ascending dotted line in the middle on the right parallels my understanding of BTC's future value increase. Your gradual line is ca 75 USD below my estimate, but both lines rise at about the same rate. 75 USD is not going to be so much difference when 1 BTC is over 1000 USD.
Put a start point at about $2 two years ago. Put a second point on today's date at about $139.
Draw a simple line beginning at two years ago, including today's point, and extending several years into the future. Though only linear and an approximation, that rough line indicates the gradual incremental growth of BTC wrt USD now and in the near future. Up to 266 or down to 50.25 and everything in between is the result of day traders needing rises and falls to inspire trades where they can earn money.
The demand for BTC is still 50 times the supply. IMO that is one of the fundamental reasons BTC is appreciating along with a gradual increase of companies accepting BTC as payment.
In several years one BTC will be worth over 2,000 USD using gradual incremental increase. That doesn't deny the possibility of spikes to 4,000 USD per coin in bubble(s).
Draw a simple line beginning at two years ago, including today's point, and extending several years into the future. Though only linear and an approximation, that rough line indicates the gradual incremental growth of BTC wrt USD now and in the near future. Up to 266 or down to 50.25 and everything in between is the result of day traders needing rises and falls to inspire trades where they can earn money.
The demand for BTC is still 50 times the supply. IMO that is one of the fundamental reasons BTC is appreciating along with a gradual increase of companies accepting BTC as payment.
In several years one BTC will be worth over 2,000 USD using gradual incremental increase. That doesn't deny the possibility of spikes to 4,000 USD per coin in bubble(s).
Put a start point at about $2 two years ago. Put a second point on today's date at about $139.
Draw a simple line beginning at two years ago, including today's point, and extending several years into the future. Though only linear and an approximation, that rough line indicates the gradual incremental growth of BTC wrt USD now and in the near future. Up to 266 or down to 50.25 and everything in between is the result of day traders needing rises and falls to inspire trades where they can earn money.
The demand for BTC is still 50 times the supply. IMO that is one of the fundamental reasons BTC is appreciating along with a gradual increase of companies accepting BTC as payment.
In several years one BTC will be worth over 2,000 USD using gradual incremental increase. That doesn't deny the possibility of spikes to 4,000 USD per coin in bubble(s).
Draw a simple line beginning at two years ago, including today's point, and extending several years into the future. Though only linear and an approximation, that rough line indicates the gradual incremental growth of BTC wrt USD now and in the near future. Up to 266 or down to 50.25 and everything in between is the result of day traders needing rises and falls to inspire trades where they can earn money.
The demand for BTC is still 50 times the supply. IMO that is one of the fundamental reasons BTC is appreciating along with a gradual increase of companies accepting BTC as payment.
In several years one BTC will be worth over 2,000 USD using gradual incremental increase. That doesn't deny the possibility of spikes to 4,000 USD per coin in bubble(s).
The angle of increase today at 155 suggests this is another small bubble. Each little pop leaves the price a little higher than it was a couple of days earlier.
When one of these small bubbles occurs at say 217 the pop could easily plunge the price a longer way down to 98. From there resumed gradual increase with the process repeating at 250, 300 350, 450, 650 etc.
Just speculation.
When one of these small bubbles occurs at say 217 the pop could easily plunge the price a longer way down to 98. From there resumed gradual increase with the process repeating at 250, 300 350, 450, 650 etc.
Just speculation.
6 USD, 7 USD, maybe even 8 USD until it breaks down again?
Amazing what 12 months can do.
160 USD, 165 USD, maybe even 170 USD until it breaks down again.
http://silverdoctors.com/gold-run-there-is-not-one-single-ounce-of-gold-available-for-sale-in-bangkok/
April 7, 2013.
April 7, 2013.
would you put it past a goldbug 100% invested in pm's to start rumors?
Point taken. Could be a false rumour.
Besides BTC, I'd rather have PM than fiat.
EDIT: http://investmentwatchblog.com/physical-gold-silver-shortages-are-accelerating-premiums-exploding/
1. Keep the coins safe.
2. Forget about them.
3. Come back in 5 years.
4. Profit.
2. Forget about them.
3. Come back in 5 years.
4. Profit.
This.
Paper PM are decreasing, but physical is selling out.
It is selling. But where is it selling out?
Thailand.
Mr. Goat, you must already know this.