Bitcoin Half-Life is About 6 Weeks

[danman87]

Actually at that rate it'll be an incredibly small decimal. How you got a negative is beyond me.

It takes electricity to keep bitcoin going so if it fell to $0 then it would be negative if you include to power cost.

[defxor]

As a side note, I don't think bitcoin ever really reached $32

I bought at bitmarket.eu on the evening (CET) of 9th of June, which should be very near the all time high, at 21.5€/BTC which according to the exchange rates at the time would be $31.23.

Yes, I make sure to tell everyone I introduce to Bitcoin that I bought at the height of a bubble. It helps in avoiding coming off as someone who peddles a ponzi scam.

[Edward50]

HA this guy was wrong, half life is even less now.

[netrin]

If you choose the monthly high (22 September) and low (today), prices have hyperinflated (50-62%), whereas the trend since June has been about 42% monthly depreciation. I don't think that invalidates the OP's point though. We was spot on yesterday. You can't arbitrarily choose your points, such as today's low.

[the founder]

keep printing them at almost 5 BTC every minute..  it's good for the bitcoin economy.... right?

[netrin]

keep printing them at almost 5 BTC every minute..  it's good for the bitcoin economy.... right?

Are you referring to bitcoin monetary inflation? Do the math Mr. Banker. It's irrelevant. As I stated earlier, monetary inflation is 0.1% daily. But we've experienced ten times that since June and orders of magnitude of appreciation over the years. Of demand, volatility, and supply, only demand is the significant independent variable.