Friday, September 9, 2011

Bitcoin, We Hardly Knew Yeh.

A picture is worth a thousand words. Here are two pictures of what's happening with Bitcoin.


Dropping like a stone.


Or, to be more scientific:



From $30 to $5 in three months. Over at the Mises forum, we were ridiculed for claiming the Mises Regression Theorem proves Bitcoin is doomed. Now I know how Peter Schiff feels.

4 comments:

  1. MHSeptember 11, 2011 at 12:12 PM

    A problem with the graph.

    ReplyDelete
  2. Smiling DaveSeptember 11, 2011 at 4:02 PM

    Fixed. Thank you.

    ReplyDelete
  3. AnonymousJanuary 13, 2013 at 12:13 PM

    Another problem with the graph...BTC at $14 today. This story ain't over. It looks like you have some explaining to do.

    ReplyDelete
    Replies
    1. Smiling DaveMarch 13, 2013 at 10:31 AM

      TY for your comment.

      My blog has moved to smilingdavesblog.wordpress.com

      Look there for an article called Bitcoin All in One Place. Should have the explanation you seek.

      Or you can do a search there for "Ithaca Hour", and the article found will explain.

      Delete