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Author Topic: Bitcoin Half-Life is About 6 Weeks  (Read 3045 times)
danman87
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October 12, 2011, 07:31:15 PM
 #21

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.
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defxor
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October 12, 2011, 10:14:24 PM
 #22

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
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October 17, 2011, 05:02:37 PM
 #23

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

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
netrin
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October 17, 2011, 05:23:56 PM
 #24

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.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
the founder
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October 17, 2011, 05:29:01 PM
 #25

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


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netrin
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October 17, 2011, 05:59:22 PM
 #26

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.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
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