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Bitcoin - P2P currency |
decepto
Member #7,102
April 2006
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Edgar Reynaldo said:
Math check : Can you explain where these numbers come from? Edit: 2.4 trillion is 2.4 million million. Edit 2: Sorry, I meant to say 6 million, and I accidentally wrote 6 billion. I've updated the post above. -------------------------------------------------- |
ImLeftFooted
Member #3,935
October 2003
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Google says: |
Edgar Reynaldo
Major Reynaldo
May 2007
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decepto said: The USD to bitcoin ratio would therefor be : 2,400,000,000,000 / 6,000,000,000 = .000003 The bitcoin to USD ratio would be : 6,000,000,000 / 2,400,000,000,000 = 33,333.
Your figures show 2.4 Trillion to 6 Billion, which gives the ratios I just posted. But you actually said there were 2.4 Trillion US Dollars and 6 Million Bitcoins, so that makes the ratios (after dividing top and bottom by 1,000,000) : My Website! | EAGLE GUI Library Demos | My Deviant Art Gallery | Spiraloid Preview | A4 FontMaker | Skyline! (Missile Defense) Eagle and Allegro 5 binaries | Older Allegro 4 and 5 binaries | Allegro 5 compile guide |
decepto
Member #7,102
April 2006
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I knew my math degree would come in handy Thank you for catching that, I've updated in the post. -------------------------------------------------- |
decepto
Member #7,102
April 2006
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Dustin Dettmer said: I think 6 million is the wrong number. There are currently 6 million in circulation, roughly speaking. http://en.wikipedia.org/wiki/File:Total_bitcoins_over_time.png Edit: Well, I found a kind soul on Reddit to sell me 10 bitcoins. I bought them at $5.50 USD. We'll see where this goes... -------------------------------------------------- |
weapon_S
Member #7,859
October 2006
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decepto said: Well, I found a kind soul on Reddit to sell me 10 bitcoins. I bought them at $5.50 USD.
It could be me, but someone here doesn't know the proper exchange rate. |
BAF
Member #2,981
December 2002
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Bump, to keep it alive. I'm interested in seeing where this goes - I'm trying to find someone to sell me some over PP at a good exchange rate, now that it's on the rise after today's drop. I'd bid on mtgox, but I'm waiting for dwolla to verify my account. |
decepto
Member #7,102
April 2006
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Dustin Dettmer said: What's going on? Should I sell or wait? So far I've turned my $40 into $170. Please tell me you didn't sell them. Your 43.25 Bitcoins are now worth ~375 USD. -------------------------------------------------- |
bamccaig
Member #7,536
July 2006
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decepto said: Please tell me you didn't sell them. Your 43.25 Bitcoins are now worth ~375 USD.
Unless the rise in value of Bitcoins is predictable there's no shame at all in cashing them in ASAP while there's a very reasonable return on your investment because if you wait too long the tables may turn. It doesn't matter if you would have made more money if you waited because just as easily you might have lost it all if you waited. You could also cash a fraction of them in so the original investment (and maybe a little extra for spending money) is at least References
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