We're going twice as fast this month so far

[BitchicksHusband]

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.)

[piramida]

I try to use a Bitstamp/Coinbase price.

This is a fairer weighted price: http://www.coindesk.com/price/

[BitchicksHusband]

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.

[piramida]

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.

[GriTBitS]

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!

[JimboToronto]

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?

[Mitchell]

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?

[BitchicksHusband]

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.

[eternaluniverse]

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)

[Equus]

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.