Topic: Bitcoins have lost $174,108,376.60 since June 9th 2011 - page 4. (Read 6826 times)
Why all this talk of fiat dollars anyway? There are more bitcoins than there were in June, and they are real capital, whoever holds them, whatever some traders may think they are "worth" in comparison to the failing American dollar. Let the traders and speculators bandy about their numbers and scream terror as they run back to the "security" of their government lies guised as currency. I know where the true future of capital lies, and I am more confident than ever of the real value of bitcoin.
Yeah, your math is right, and? It's still trolling, nothing more.
I say that bitcoin worth increased of an INFINITE amount, and i am RIGHT
I say that bitcoin worth increased of an INFINITE amount, and i am RIGHT
If you have 3 apples worth $1 each you have $3 worth of apples.
If you have 300 apples worth $.01 each you still have $3 worth of apples.
You do not say that you have lost $297 since apples were worth $1.
If you have 300 apples worth $.01 each you still have $3 worth of apples.
You do not say that you have lost $297 since apples were worth $1.
You can call it a "failpost" or "trolling" if you wish.. but figures are figures... and the figures are 100% accurate. Flame on, the point is that it's still right and denying it isn't helping the situation.
Now if you want to pick a differing moment in time, rather than it's peak... let's say the spot price from 2 months ago.. you'll see roughly $100,000,000 dollar loss.
The end result is that we're still printing bitcoins like wildfire, but the whole bitcoin economy is decreasing value so fast, and printing bitcoin like that isn't helping.
So feel free to flame on, but at the end it's right... the formula is right.. and the figures are right... and honestly you can't argue it without trying to change the topic.. which is Bitcoins have lost nearly a Quarter Billion Dollars since June 9th 2011.
So keep posting "failposts" or "trolling" ... but avoid the topic and the math... because as you know.. it's not arguable.
Now if you want to pick a differing moment in time, rather than it's peak... let's say the spot price from 2 months ago.. you'll see roughly $100,000,000 dollar loss.
The end result is that we're still printing bitcoins like wildfire, but the whole bitcoin economy is decreasing value so fast, and printing bitcoin like that isn't helping.
So feel free to flame on, but at the end it's right... the formula is right.. and the figures are right... and honestly you can't argue it without trying to change the topic.. which is Bitcoins have lost nearly a Quarter Billion Dollars since June 9th 2011.
So keep posting "failposts" or "trolling" ... but avoid the topic and the math... because as you know.. it's not arguable.
Total Value of Entire Bitcoin Economy $36,132,198.05
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
These are pretty misleading figures.
You're basically taking a wildly volatile new commodity, looking at the highest peak price on one day and comparing it to the price today. You cannot say that $200m has been lost, without acknowledging that $200m was first created, and in fact the aggregate value is still massively increased this year.
Also - don't confuse "market cap" with the value of the bitcoin economy. The market cap of Bitcoins has fallen substantially since June/July. However, the value of the bitcoin economy has risen. More merchants and many more tools. Greater security after repeated vulnerabilities have been attacked.
Again, people concern themselves too much with the current market price of a Bitcoin. It is related to, but not synonymous with, the value of the Bitcoin economy.
You're basically taking a wildly volatile new commodity, looking at the highest peak price on one day and comparing it to the price today. You cannot say that $200m has been lost, without acknowledging that $200m was first created, and in fact the aggregate value is still massively increased this year.
Also - don't confuse "market cap" with the value of the bitcoin economy. The market cap of Bitcoins has fallen substantially since June/July. However, the value of the bitcoin economy has risen. More merchants and many more tools. Greater security after repeated vulnerabilities have been attacked.
Again, people concern themselves too much with the current market price of a Bitcoin. It is related to, but not synonymous with, the value of the Bitcoin economy.
lol i was just typing a similar response when i decided it wasn't worth it. indeed, this is very misleading- the only way to lose that much money is if every single person holding bitcoins bought at it's highest value.... and then the person who sold them ran off with all the money and stopped trading. I deem this a 'failpost'
These are pretty misleading figures.
You're basically taking a wildly volatile new commodity, looking at the highest peak price on one day and comparing it to the price today. You cannot say that $200m has been lost, without acknowledging that $200m was first created, and in fact the aggregate value is still massively increased this year.
Also - don't confuse "market cap" with the value of the bitcoin economy. The market cap of Bitcoins has fallen substantially since June/July. However, the value of the bitcoin economy has risen. More merchants and many more tools. Greater security after repeated vulnerabilities have been attacked.
Again, people concern themselves too much with the current market price of a Bitcoin. It is related to, but not synonymous with, the value of the Bitcoin economy.
You're basically taking a wildly volatile new commodity, looking at the highest peak price on one day and comparing it to the price today. You cannot say that $200m has been lost, without acknowledging that $200m was first created, and in fact the aggregate value is still massively increased this year.
Also - don't confuse "market cap" with the value of the bitcoin economy. The market cap of Bitcoins has fallen substantially since June/July. However, the value of the bitcoin economy has risen. More merchants and many more tools. Greater security after repeated vulnerabilities have been attacked.
Again, people concern themselves too much with the current market price of a Bitcoin. It is related to, but not synonymous with, the value of the Bitcoin economy.
Total Value of Entire Bitcoin Economy $36,132,198.05
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
WOW! I didn't look at it that way. I looked at it this way: https://bitcointalksearch.org/topic/m.20372
A 36X increase. (rounded)
Title edit ... June 9th?
Total Value of Entire Bitcoin Economy $36,132,198.05
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
We need USD $1,060,797.82 per month to enter to the bitcoin economy to keep the current value of USD $4.911101029921 per BTC
$245.56 worth of BTC are printed every 10 minutes by mining or $1,060,797.82 per month or $12,729,573.87 per year
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000
Bitcoins are now trading at $4.911101029921 with 7357250.000000001 coins in circulation the total Bitcoin economy is now valued at $36,132,198.05
This represents a net loss of $209,999,964.00 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,503,750.00 rather than $36,132,198.05
http://www.flexcoin.com/calc/
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