Yep - back economic reports are now causing the stock market to rise because they know the Federal Reserve Private Bank will continue printing money out of thin air.  This rise in the stock market is exactly the opposite of what should be happening on bad economic news.

Stock market crash is inevitable.

Nobody knows, and that's a good thing.

$5,000 USD Jan 1 2015
$40,000 USD Jan 1 2020

Market isn't anywhere near saturation, new people coming on board in droves.

You ain't seen nothin' yet.  Don't be "Too Dumb to Hold".

Reverse barometers are often the best indications.

Be aware that many of those exposing the demise of bitcoin are actually heavily invested in bitcoin.  They are plugging for the price to drop temporarily so that they can buy more bitcoin on the cheap.

This is a classic guerrilla technique that indicates, for the savvy BitCoiner such as you and I, that the demand for Bitcoin remains high.

In fact, we hope to see these types of shenanigans because they mean we are onto something good.

Powerlifting.

The weights never lie.  Either you can lift them or your can't.

The weights are always there, immutable.  It is Truth.  Is is Freedom.  Lovers and friends come and go, the weights remain.

You won't understand that, fully, until you are 50 years old and have lifted for 35 years.

I can lift my weight in bitcoins.

Well one problem with Australia is its proximity to the sleeping giant known as China.

Another advantage to the southern hemisphere is its lack of nuclear power plants.  Imagine a grid down situation in the USA and Europe, where the nuclear power plants go Chernobyl and Fukishima - by the dozens.  An interesting situation to say the least.

If you look at a map of wind patterns, the Northern and Southern Hemispheres of the planet earth do not mix much.

Go south young man, go south.

As for me, I am a relatively old man compared to many of you, in my 50's.  This is my home in these moutains in the USA - I am here to stay and make the best of it.

A word from someone who has lived and seen life: If I were young and full of bitcoins just starting out, I'd go to Chile, buy a farm in the mountains, and start fresh in what is now the freeist country on earth with the greatest potential and natural resources.

note to knuckleheads: no, America USA is NOT the freeist country on earth.  That is soooo twentieth century.

Much cheaper than Europe or USA/Canada.  Get yourself some fertile farmland, hire some hands to manage it.  You will always eat, come what may.

That was the secret of my Grandparents during the Great Depression - lived on a small farm in NH and never went hungry.  Homeless would drop by and ask to split firewood, work in the barn in exchange for a meal and warm place to stay.

Note to city boys: You cannot eat paperwork.  Never disparage a farmer with your mouth full - it is bad manners and reveals your true ignorance as to where your sustenance comes from.

Agreed.  Rural South America looks better and better.  Go south young man, go south.  Chile comes to mind.

Create a business that trades goods and services for bitcoin.  Begging won't get you far

if your smart, you first invest in beans, bullets and bandaids.

Enough for you and your family for at least a year.  Three years is better.

ONLY then, invest in Bitcoins, gold, silver, etc.

When the coming crash occurs, you can eat the former.  The later is just wealth preservation.

As for me, maybe 5%.  Which puts me in the top ten K or so.

Most of you won't listen to my advice.  One day in the not too distant future you may be paying all you have for just one meal and then have to beg borrow or steal to stay alive.

Some of you will laugh now, at what I am telling you.  Much as many people are laughing about bitcoin.

Over and out.

Bitcoin has the critical mass going for it, with many merchants accepting bitcoin for example as well as other companies creating easier methods of buying and selling.

This critical mass is important.  For most on the cutting edge of development, they can only really concentrate effectively on one coin so as not to dilute their efforts.  For the near future at least, it appears that Bitcoin is it.

You write: "The wealthy are mostly wealthy by lucky and/or monopolistic positions that ride a wave of society's wealth and technological advancement rather than creating it on their own merit".

So what you are saying is that my business, the business I spent years building from scratch with no money from anyone else, my business that has made me wealthy from years of 80-hr work weeks and financial risk, useful and unique inventions I came up with that provide local manufacturing jobs and payrolls, and blood sweat and tears providing valuable services and goods to tens of thousands of people....what you are saying is

I Didn't Build That

Also, what you are telling me is

I don't deserve the wealth I earned.

You are saying is I was just "lucky"

And implying that I must be forced to hand over the wealth I earned to people who did not earn it.

YOU FAIL

The fact is, the vast majority of wealthy people in America actually earned their wealth.  Yes, it is a sad fact that most millionaires own businesses like car washes, small construction firms, small local factories, shopping stores, etc.

They are your neighbors, the guy you see bowling on Saturday nights, someone pushing a shopping cart at your local grocery store.  They are wealthy and you do not even know it and they became wealthy by good old honest labor and invention that provide jobs and innovation to all of society.

So get your facts straight and stop babbling on about topics you no nothing about, please.

I agree

Yep.  I was in my 30's during the 1990's and people would laugh at me when I told them about the Internet and its possibilities.

These same people would never admit to that now.  They are likely saying they were early adopters.

I remember when it was difficult just to figure out how to first log onto the Internet.

I put up one of the first large New England newspapers to go online, in 1999 creating a database driven website for them before there was canned software - written in PHP and MySQL.  I had people call me, the Webmaster, asking how to click the links so they could read the full article.  People didn't even know how to do that, the Internet was so new.

Bitcoin is at that stage now.  The potential for growth is like that of the Internet in 1996 in my estimation.  Think of how much the Internet has grown in the last 18 years.  That is what is in the future for Bitcoin.

You mean, "Gone Limp"

It's a sign that the low hanging, easy to get fruit has been taken.  Otherwise wouldn't be resorting to shale.

It's like the difference between hard rock mining and picking fat juicy gold nuggets off the surface of the ground.  The big oil gushers of oil discovery are gone.  Now they are squeezing the last drops wherever they can find it.

Starting to dredge the bottom of the barrel in terms of resources - not as cost effective and takes more energy to produce each unit of energy.

LOL - lately there have been many people on here making posts in an attempt to make the price of bitcoin fall so they can buy more cheaper.

What if your grandkids are already using bitcoin?

Actually, guys, I registered for the first time alot of keyword domains in the late 1990's so I know there were many single keywords left even in 1998, 1999, 2000.  Lastnames too, which are popular for those who have that last name.  Made some very big scores reselling them.

Some examples of domains that were available  in 1998 and 1999, off the top of my head, were sleds.com, crystals.com, tycoon.com, and many others.  Sleds.com has the potential for the big snowmobile industry as they are often known as "sleds".

Now it could be some of these domains had been registered earlier and then not renewed.  Back then these domains often simply went back into the pool and could be snapped up at the going registration fee rate.

But my point is it is not a far stretch to think of a single bitcoin as being in the same league as a keyword domain was when the Internet first began taking off in a big way.  Nobody knew the full potential, you could get them relatively cheap, and if you played your cards right they could be a life changer.

My advice is that when someone releases bitcoin "back into the pool", if you don't own bitcoin then go ahead and "snap some up" for yourself.  It may turn out to be one of the best things you have ever done.  If it doesn't pan out, OK, you lost a couple bucks.  But if this thing takes off...

Your right about that - write your own paycheck, that is the key to wealth and success.