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Author Topic: US Dollar Value - 0.00389105 BTC  (Read 886 times)
supersonic3974
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November 05, 2013, 05:10:26 PM
 #1

It's now time to start reporting the value of the US dollar in terms of Bitcoins.  This thread can be used to keep track of this metric.  So keep this thread updated with the current exchange rate!

As of this posting, the US dollar is only worth 0.00389105 BTC!

Here is a graph of the value of USD in terms of BTC.



To see all the data easily, I applied a log scale.

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November 05, 2013, 05:46:08 PM
 #2

The last graph is a very good one. Keep it updated every now and then.

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November 05, 2013, 06:04:18 PM
 #3

When the dollar hits absolute zero, will the phrase "sell bitcoin" have any meaning?  If so, how?  Will bitcoin be priced in gold at that point?
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November 05, 2013, 06:31:01 PM
 #4

It's now time to start reporting the value of the US dollar in terms of Bitcoins.  This thread can be used to keep track of this metric.  So keep this thread updated with the current exchange rate!

As of this posting, the US dollar is only worth 0.00389105 BTC!

Here is a graph of the value of USD in terms of BTC.



To see all the data easily, I applied a log scale.



I like the second graph. Good perspective on the devaluation of the dollar in terms of BTC.

Making all time lows in USD lol

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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
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supersonic3974
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November 05, 2013, 06:36:54 PM
 #5

There seems to be a psychological barrier when crossing each of the log lines: 10, 1, 0.1, 0.01
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November 05, 2013, 06:38:21 PM
 #6

When the dollar hits absolute zero, will the phrase "sell bitcoin" have any meaning?  If so, how?  Will bitcoin be priced in gold at that point?

Maybe gold will be priced in bitcoin?
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November 05, 2013, 06:40:24 PM
 #7

http://m.imgur.com/a/acXQ0
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November 05, 2013, 06:45:15 PM
 #8

When the dollar hits absolute zero, will the phrase "sell bitcoin" have any meaning?  If so, how?  Will bitcoin be priced in gold at that point?

Does the phrase "sell dollars" have any meaning? At some point we will stop pricing bitcoin in dollars and switch to pricing everything in bitcoins. Instead of saying "sell bitcoins", you will just say you "trade bitcoins for something", or "buy something" and assume everybody knows you mean in exchange for bitcoins. Do you go to the store and sell dollars? No, you go to the store and buy something. In the future, you will go to the store and buy something by giving them some bitcoins. Or, what seems more likely to me, you will go to the store and swipe a card which debits the amount of bitcoins in the account at your bank.


I started a similar thread while ago: https://bitcointalk.org/index.php?topic=155472.0

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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November 05, 2013, 07:09:42 PM
 #9

Grin you are funny
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November 05, 2013, 09:57:14 PM
 #10

There seems to be a psychological barrier when crossing each of the log lines: 10, 1, 0.1, 0.01

Yes...each one represents $10/BTC, $100 BTC, etc.

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           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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