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Author Topic: US Dollar Value - 0.00389105 BTC  (Read 793 times)
supersonic3974
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November 05, 2013, 05:54:14 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.



NOTE:  I copied this from my post in Speculation.  I thought it might be more appropriate here.
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November 05, 2013, 06:19:20 PM
 #2

Definitely adds a new perspective on the situation. Tough data to take in for Fiat investors  Undecided



        ▄▄▄▄▄▄▄▄▄▄
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.
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supersonic3974
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November 05, 2013, 06:23:14 PM
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Definitely adds a new perspective on the situation. Tough data to take in for Fiat investors  Undecided

Yeah, I have no idea what I should take from the second graph.  It will be interesting to see what information can be gleaned from this.
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November 05, 2013, 07:20:01 PM
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Definitely adds a new perspective on the situation. Tough data to take in for Fiat investors  Undecided

Yeah, I have no idea what I should take from the second graph.  It will be interesting to see what information can be gleaned from this.

it will definitely be interesting.  Will people starting having more faith in holding BTCs then USD?  For me it does, just because of all the speculation and potential BTC currently has.

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November 05, 2013, 07:51:46 PM
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Definitely adds a new perspective on the situation. Tough data to take in for Fiat investors  Undecided

Remember that everyone working a job is a fiat investor, except for the tiny few that get paid in something else (of which Bitcoin salaried people might even be in the minority). Remember Tuur Demeester's story about Icelandic building laborers getting paid with bricks (or was it cement?).

Vires in numeris
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November 06, 2013, 01:09:02 PM
 #6

It's now time to start reporting the value of the US dollar in terms of Bitcoins. 

Great idea.

 
Before long we will have to denominate the USD in brass razoo's

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