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Author Topic: 1 bitcoin ~= £10  (Read 2578 times)
muyuu
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April 08, 2013, 08:19:00 AM
 #21

I recognise it was a big shift then - especially given growth was slow but steady around that time.  But even in percentage terms it's a big difference between 20% in 6 days to 13.5% in one day - and in terms of the increase in the value of anyone's holding who was pleased that it got to £12 we have just in a single day seen that much again added to the value of our Bitcoin holding.  My flabb is ghasted!

It all depends on the particular 12 hours you choose post-fact. In 1 day it's up 15%. It's still true that at the time, it was a jump when things were steady and right now it's just mercilessly following a double-exponential.

I sure wish things calmed down a bit because it cannot end well following this curve for too long.

But in the other hand I'm loving it.

This is why it's a good idea to always look at the price with a log y axis - it's like an axis rescale to show percentage changes rather than linear changes. It makes the changes easier to eyeball.

Yep. Right now even on a log scale, it curves up (exp of an exp). A bit scary to be honest.

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muyuu
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April 08, 2013, 03:44:54 PM
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A half gold sovereign is worth £130 right now. We're getting there (£127).

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muyuu
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April 09, 2013, 11:16:46 AM
 #23

A half gold sovereign is worth £130 right now. We're getting there (£127).

Yahoo. 1 BTC > 1 half gold sovereign


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April 09, 2013, 01:00:39 PM
 #24

A half gold sovereign is worth £130 right now. We're getting there (£127).

Yahoo. 1 BTC > 1 half gold sovereign



Yes, but you can't make a ring out of a bitcoin and smash someone's face with it, can you? I'll stick with sovs, thanks.

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April 09, 2013, 01:20:27 PM
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https://www.casascius.com/  Grin

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April 09, 2013, 01:21:51 PM
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:groan: Smiley

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