Author

Topic: We're going twice as fast this month so far (Read 1085 times)

full member
Activity: 136
Merit: 100
Why the long face?
December 04, 2013, 11:49:32 AM
#10
Quote from: BitchicksHusband link=topic=357184.msg3822522#msg3822522
So, I believe the slowdown is because of Christmas shopping.  I think this month will be a little slower than most because there will be less buying money available.

I bought coins and put some into paper wallets to give to people who I think would enjoy bitcoin.  (Sure glad I did most of that shopping in early November)

It is true, though, that without Christmas I would have more income left to invest this month.  It will be interesting to see what the price does between December 15th and 31st.

full member
Activity: 126
Merit: 100
December 04, 2013, 11:37:56 AM
#9
Why do people still take the Bitcoin price from a one (or a few) exchange(s)? Why not take the global average of all exchanges using Bitcoin Average?

you can but its just the percentage its going up thats needed. I use mtgox as they have the highest bitcoin evaluated prices and im an optimist and I like seeing it being 100-200 dollars more than ca-virtex. Im not sure of this but is the % gain similar on all exchanges? (i know with bigger base numbers the percentages will differ)
sr. member
Activity: 378
Merit: 255
December 04, 2013, 11:35:51 AM
#8
But absolute values don't mean much for this calc; in percentages we are about twice as slow now, so the rally is slowing down, which is very good imo - would be the first rally that does not end with a horrible crash but would gracefully slow down / slide into an acceptable range. Hoping for it, anyway.

You are correct.  I was waiting to see who would point that out.

So, I believe the slowdown is because of Christmas shopping.  I think this month will be a little slower than most because there will be less buying money available.

Also, some people will be cashing out more coins than usual to buy gifts for people.
copper member
Activity: 3948
Merit: 2201
Verified awesomeness ✔
December 04, 2013, 11:34:19 AM
#7
Why do people still take the Bitcoin price from a one (or a few) exchange(s)? Why not take the global average of all exchanges using Bitcoin Average?
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
December 04, 2013, 11:28:52 AM
#6
i bet you spend even less cuz you know the price keeps going up!

Blasphemy. Don't you realize the global banking racket depends on debt, not saving?
sr. member
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
December 04, 2013, 11:21:16 AM
#5
to DA moon!

Never sell, only spend... if you get places around you to accept. like places that you go. you should dump your whole paycheck into bitcoin every week. And then i bet you spend even less cuz you know the price keeps going up!
legendary
Activity: 1176
Merit: 1010
Borsche
December 04, 2013, 09:55:39 AM
#4
But absolute values don't mean much for this calc; in percentages we are about twice as slow now, so the rally is slowing down, which is very good imo - would be the first rally that does not end with a horrible crash but would gracefully slow down / slide into an acceptable range. Hoping for it, anyway.
sr. member
Activity: 378
Merit: 255
December 04, 2013, 09:44:31 AM
#3
I try to use a Bitstamp/Coinbase price.

This is a fairer weighted price: http://www.coindesk.com/price/

Thanks for that, but for my calculations, I want to know what my actual sell price will be for me, so I use the Coinbase price which usually tracks very closely with Bitstamp.

But I wanted to let everyone know that thinks we are "stagnating" or "going sideways" that we are actually going faster.  It's just that 1 as the first digit that throws us off.
legendary
Activity: 1176
Merit: 1010
Borsche
December 04, 2013, 09:40:08 AM
#2
I try to use a Bitstamp/Coinbase price.

This is a fairer weighted price: http://www.coindesk.com/price/
sr. member
Activity: 378
Merit: 255
December 04, 2013, 09:38:11 AM
#1
By my calculations, last month, we made $24.90 per day.  This month so far, we've made $44.50 per day.

Just shows how bad we are at doing logarithms.

(I called the average price on Nov 1 as $203 and the average price on Dec 1 as $950 for my calculations.  I try to use a Bitstamp/Coinbase price.)
Jump to: