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Title: We're going twice as fast this month so far Post by: BitchicksHusband on December 04, 2013, 02:38:11 PM By my calculations, last month, we made $24.90 per day. This month so far, we've made $44.50 per day.
Just shows how bad we are at doing logarithms. (I called the average price on Nov 1 as $203 and the average price on Dec 1 as $950 for my calculations. I try to use a Bitstamp/Coinbase price.) Title: Re: We're going twice as fast this month so far Post by: piramida on December 04, 2013, 02:40:08 PM I try to use a Bitstamp/Coinbase price. This is a fairer weighted price: http://www.coindesk.com/price/ Title: Re: We're going twice as fast this month so far Post by: BitchicksHusband on December 04, 2013, 02:44:31 PM I try to use a Bitstamp/Coinbase price. This is a fairer weighted price: http://www.coindesk.com/price/ Thanks for that, but for my calculations, I want to know what my actual sell price will be for me, so I use the Coinbase price which usually tracks very closely with Bitstamp. But I wanted to let everyone know that thinks we are "stagnating" or "going sideways" that we are actually going faster. It's just that 1 as the first digit that throws us off. Title: Re: We're going twice as fast this month so far Post by: piramida on December 04, 2013, 02:55:39 PM But absolute values don't mean much for this calc; in percentages we are about twice as slow now, so the rally is slowing down, which is very good imo - would be the first rally that does not end with a horrible crash but would gracefully slow down / slide into an acceptable range. Hoping for it, anyway.
Title: Re: We're going twice as fast this month so far Post by: GriTBitS on December 04, 2013, 04:21:16 PM to DA moon!
Never sell, only spend... if you get places around you to accept. like places that you go. you should dump your whole paycheck into bitcoin every week. And then i bet you spend even less cuz you know the price keeps going up! Title: Re: We're going twice as fast this month so far Post by: JimboToronto on December 04, 2013, 04:28:52 PM i bet you spend even less cuz you know the price keeps going up! Blasphemy. Don't you realize the global banking racket depends on debt, not saving? Title: Re: We're going twice as fast this month so far Post by: Mitchell on December 04, 2013, 04:34:19 PM Why do people still take the Bitcoin price from a one (or a few) exchange(s)? Why not take the global average of all exchanges using Bitcoin Average?
Title: Re: We're going twice as fast this month so far Post by: BitchicksHusband on December 04, 2013, 04:35:51 PM But absolute values don't mean much for this calc; in percentages we are about twice as slow now, so the rally is slowing down, which is very good imo - would be the first rally that does not end with a horrible crash but would gracefully slow down / slide into an acceptable range. Hoping for it, anyway. You are correct. I was waiting to see who would point that out. So, I believe the slowdown is because of Christmas shopping. I think this month will be a little slower than most because there will be less buying money available. Also, some people will be cashing out more coins than usual to buy gifts for people. Title: Re: We're going twice as fast this month so far Post by: eternaluniverse on December 04, 2013, 04:37:56 PM Why do people still take the Bitcoin price from a one (or a few) exchange(s)? Why not take the global average of all exchanges using Bitcoin Average? you can but its just the percentage its going up thats needed. I use mtgox as they have the highest bitcoin evaluated prices and im an optimist and I like seeing it being 100-200 dollars more than ca-virtex. Im not sure of this but is the % gain similar on all exchanges? (i know with bigger base numbers the percentages will differ) Title: Re: We're going twice as fast this month so far Post by: Equus on December 04, 2013, 04:49:32 PM Quote from: BitchicksHusband link=topic=357184.msg3822522#msg3822522 So, I believe the slowdown is because of Christmas shopping. I think this month will be a little slower than most because there will be less buying money available. I bought coins and put some into paper wallets to give to people who I think would enjoy bitcoin. (Sure glad I did most of that shopping in early November) It is true, though, that without Christmas I would have more income left to invest this month. It will be interesting to see what the price does between December 15th and 31st. |