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Title: Come here for m-bit practice Post by: jag2k2 on June 02, 2013, 11:25:52 PM Alright lets all practice using the new m-bit denomination. Answer the following questions to help get yourself in the habit!
1. How many bitcoins do you have? (in mbits) 2. How much do you think bitcoins will be worth at the end of the year (in mbit per dollar) 3. What is the current exchange rate for bitcoins on Clark Moody? (use correct denomination!) Title: Re: Come here for m-bit practice Post by: jag2k2 on June 02, 2013, 11:28:12 PM 1. ~10,000 mbits
2. I think somewhere like 2.5 mbits per dollar 3. $120 dollars per BTC is about 8 mbits per dollar Title: Re: Come here for m-bit practice Post by: Razick on June 02, 2013, 11:51:39 PM Alright lets all practice using the new m-bit denomination. Answer the following questions to help get yourself in the habit! 1. How many bitcoins do you have? (in mbits) mBTCNOYB (None of your business ;)) 2. How much do you think bitcoins will be worth at the end of the year (in mbit per dollar) $0.195 (mBTC5.13/USD) to be conservative. 3. What is the current exchange rate for bitcoins on Clark Moody? (use correct denomination!) $0.12335 Title: Re: Come here for m-bit practice Post by: jag2k2 on June 03, 2013, 12:19:22 AM Quote $0.12335 I'm assuming you mean 12.3 cents per mbit. I think a better way to express the exchange rate would be mbits per dollar. The current exchange rate on Clark Moody is $123 per BTC. Well that is $123 per 1000 mbits which is 8.13 mbits per dollar. Just my 162 ubits. Haha I crack myself up ;D Title: Re: Come here for m-bit practice Post by: Razick on June 03, 2013, 12:31:08 AM Quote $0.12335 I'm assuming you mean 12.3 cents per mbit. I think a better way to express the exchange rate would be mbits per dollar. The current exchange rate on Clark Moody is $123 per BTC. Well that is $123 per 1000 mbits which is 8.13 mbits per dollar. Just my 162 ubits. Haha I crack myself up ;D I prefer $/mBTC because I am usually buying Bitcoin with dollars, not the other way around. It makes it easier to visualize how much I am actually paying since that's how I've historically watched the price. |