Topic: A story about Barney, the 10K Prospector - page 2. (Read 2729 times)
very interesting about 10k iam stake it everyday and hope pumper come to buy 10k inhigh price
looks like a race down to 1 satoshi, buy orders are already below 1k now.
A story about Barney, the 10K Prospector
There has been alot of FUD lately about the price of 10K dropping, and I wanted to illustrate just exactly how much this doesn't matter.
Just like Fred, Barney is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/10K daily closes from Bittrex.
I had to remove the red line indicating size of 10K wallet on this chart - it just goes up so damn fast, it throws the whole thing out of whack
BLUE line indicates BTC/USD value expressed in $USD
GREEN line indicates $USD value of Barney's 10K wallet
Barney purchased 500 10K from Bittrex on the day the market opened, at a price of 85,357 Satoshi per 10K. The $USD value of his 10K at that time was $97.44 and the BTCBTC value of his wallet was 0.43 BTC. He immediately transferred these 10K to his personal wallet and began staking.
Today, the price of 10K is a mere 1,650 Satoshi, which is an enormous drop from his purchasing price. Is Barney upset? Not at all.
Based on 10K's 10,000% annual interest rate, compounded daily, by February 23 his wallet now contains 63,339 10K, an increase of over 12,000%. His ending 10K $USD wallet value is $248.66 or BTC1.05
The price of BTC/10K dropped by 98.07%
The price of BTC/USD increased by 4.22%
The $USD value of Barney's MMXIV wallet increased by 155.21% from $97.44 to $248.66
The BTCBTC value of Barney's MMXIV wallet increased by 144.88% from 0.43 BTC to 1.05 BTC
The number of 10K coins in Barney's wallet increased by 12,567.96% from 500 10K to 63,339.81 10K
TWENTY DAYS. More than double return on investment.
As always, if you doubt any of this, the raw data used to perform these calculations can be found here
There has been alot of FUD lately about the price of 10K dropping, and I wanted to illustrate just exactly how much this doesn't matter.
Just like Fred, Barney is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/10K daily closes from Bittrex.
I had to remove the red line indicating size of 10K wallet on this chart - it just goes up so damn fast, it throws the whole thing out of whack
BLUE line indicates BTC/USD value expressed in $USD
GREEN line indicates $USD value of Barney's 10K wallet
Barney purchased 500 10K from Bittrex on the day the market opened, at a price of 85,357 Satoshi per 10K. The $USD value of his 10K at that time was $97.44 and the BTCBTC value of his wallet was 0.43 BTC. He immediately transferred these 10K to his personal wallet and began staking.
Today, the price of 10K is a mere 1,650 Satoshi, which is an enormous drop from his purchasing price. Is Barney upset? Not at all.
Based on 10K's 10,000% annual interest rate, compounded daily, by February 23 his wallet now contains 63,339 10K, an increase of over 12,000%. His ending 10K $USD wallet value is $248.66 or BTC1.05
The price of BTC/10K dropped by 98.07%
The price of BTC/USD increased by 4.22%
The $USD value of Barney's MMXIV wallet increased by 155.21% from $97.44 to $248.66
The BTCBTC value of Barney's MMXIV wallet increased by 144.88% from 0.43 BTC to 1.05 BTC
The number of 10K coins in Barney's wallet increased by 12,567.96% from 500 10K to 63,339.81 10K
TWENTY DAYS. More than double return on investment.
As always, if you doubt any of this, the raw data used to perform these calculations can be found here
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