Bitcoin Forum
December 09, 2016, 11:41:55 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Bitcoin Half-Life is About 6 Weeks  (Read 2905 times)
danman87
Jr. Member
*
Offline Offline

Activity: 56



View Profile
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.
1481326915
Hero Member
*
Offline Offline

Posts: 1481326915

View Profile Personal Message (Offline)

Ignore
1481326915
Reply with quote  #2

1481326915
Report to moderator
1481326915
Hero Member
*
Offline Offline

Posts: 1481326915

View Profile Personal Message (Offline)

Ignore
1481326915
Reply with quote  #2

1481326915
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
defxor
Hero Member
*****
Offline Offline

Activity: 530


View Profile
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
Hero Member
*****
Offline Offline

Activity: 546



View Profile
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
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
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
Sr. Member
****
Offline Offline

Activity: 448


Bitcoin


View Profile WWW
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?


Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me  Say thank you here:  1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
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.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!