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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. References
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