There is still very few people around the earth who buys Bitcoins. So yeah this could be the start of a longterm upward trend to $€£¥100, 200, 300, 400...5000

If successful will this be cheaper than buying a prepaid VISA with Bitcoins?

Taxes, what do you need it for when you can print money?

This following report for the City of London, recommends opening up for trade with alternative currencies it mentions Bitcoin.

In the summary of the long report.
Bitcoin is mentioned twice.

http://www.cityoflondon.gov.uk/business/economic-research-and-information/research-publications/Documents/research-2011/Capacity%20Trade%20and%20Credit%20Summary%20Findings_web.pdf

1.5.1 Alternative Currencies
Alternative currencies are increasingly discussed in both business and academia.
Some, hardly exhaustive, examples help to set the scene. Facebook credits and
BitCoins are attempts to create common tenders for virtual communities. Facebook
is tied to its social network while BitCoins are intended to be used across
communities.
...

There is also a table on page 12 with benefits. In which Bitcoin should be in category 3, in that category they stack up all the benefits.

Btw, City of London conducts more economic trade than wallstreet.
London Is Eating New York’s Lunch
http://www.nytimes.com/2012/03/04/magazine/how-london-surpassed-wall-street.html?pagewanted=all

In the full report.
On page 173 under Money 3.0 they appear to describe something that sounds a little similar to Bitcoin.
Money 3.0 is then the relationship within which value is exchanged by reference to an Energy Standard.

http://www.cityoflondon.gov.uk/business/economic-research-and-information/research-publications/Documents/research-2011/Capacity%20Trade%20and%20Credit_Full%20Report_Web.pdf

MANNHEIM, Germany; BERKELEY, Calif.; and KNOXVILLE, Tenn.—For the first time since November 2009, a United States supercomputer sits atop the TOP500 list of the world’s top supercomputers. Named Sequoia, the IBM BlueGene/Q system installed at the Department of Energy’s Lawrence Livermore National Laboratory achieved an impressive 16.32 petaflop/s on the Linpack benchmark using 1,572,864 cores.

http://top500.org/

Bitcoin Network Hashrate
PetaFLOPS   195.66

How can the Bitcoin network hasgrate be more than 10 times, one of the worlds most powerful supercomputers.
I cant see how some enthusiasts in just 3 years have surpassed worlds nr 1 supercomputer by 10 times!

Is that really correct or are they messured with different methods?

But really, is it not because you are able to send postal packages with no analyzing of the content, that this service can go on.

Its not Bitcoin or Tor thats delivering the drugs to the buyers...

If Bitcoin does not fail or somehow is made illegal in the US, which does not have to matter in the long run.

A Bitcoin can be worth easily 2012 $5000 in 20 years. Thats just the Facebook value if applied to Bitcoin.
And Facebook became worth that much in 10 years.

If Bitcoins stays legal in most part of the earth which it should.
They sky is the limit.

In 35 years, if both the dollar or and the Euro and the chinese currency have crashed they can easily be $200 000 each.

You need to take into account that there are lots of "positive" effects built into the system.
Almost everyone who buys Bitcoins wants to make a profit and the majority will thus not sell at a loss.

This could easily create an strong upward spiral. That will pull in more and more investors and people as they witness this happens.

Some will even protect their value by placing bidwalls.

All it takes is for 100 000 people to own 210 Bitcoins each and they will have them all.
Still for the economy to work, they need to be spread among many more.

And for this you have the network effect. Which on the internet can go quick.

If there are 100 000 who use Bitcoin today, each gets only 4 persons to understand and invest in Bitcoin.
There is a 4 times increase in the amount of people.

Value goes to 40.

Next year everyone gets 4 new, and this year Bitcoin reach a million users.

Value goes to 160

Next year 4 million. Now the news might start to pick it up seriously.

Value goes to 656

Next year 16 million.

Value 2624

Next year 64 million.

Value $10,496

Thats in 5 years

Not impossible that this will happen over 35 years if Bitcoin is still here.

There is certainly enough money for this to happen. Since it wont have to be spent on 21 million coins.

But Bitcoin could be at only $1500 in 35 years.






 

From wikipedia.

SWIFT or IBAN wire transfers are not completely free of vulnerabilities.
Every intermediate bank that handles a wire transaction can take a fee directly out of the wire payload (the assets being transferred) without the account holder's knowledge or consent. In many places, there is no legislation or technical means to protect customers from this practice. If bank S is the sending bank (or brokerage), and bank R is the receiving bank (or brokerage), and banks I1, I2, and I3 are intermediary banks, the client may only have a contract with bank S and/or R, but banks I1, I2, and I3 can (and often do) take money from the wire without any direct arrangement with the client. Clients are sometimes taken by surprise when less money arrives at bank R.

Thats the banking system.

From http://en.wikipedia.org/wiki/Wire_transfer

Its a combination of several factors.

Bitcoin surviving the previous crash.

Paul Graham of YCombinator
Bitinstant making bitcoin available at Walmart and Seven Eleven.
Nordic Bitcoin making Bitcoins available to 300 million people
Manipulation
Expectations
More investors
Bigger investments
Bitcoin slowly starting to spread across the globe.

The Great Euro Crash - 2012
http://www.youtube.com/watch?v=dyNekAJ6rA8&feature=player_embedded#!

But really, if Bitcoin can be expected to be at $50-$150 in 4-5 years or $1000 in 10-15 years.
It has to start going up sometime.

Here is a great video on the subject:

http://www.youtube.com/watch?v=0oV2mI0IYp8

Everything is "breakable".

Gold, banks, stone, diamonds, art.

Bitcoin is the worlds first real electronic money. Not a number in a private bank, saying how much the owe you.

If you are doing a new Logo, it should look amazing, yet friendly, trustworthy, expensive, not owerworked and geeky. Something that both men and women could like. Who said it was going to be easy.

But cant they just put you in front of that game? And then you will give it out without
even knowing it, since you dont know the password...

I love the initiative, but it would be great if you could rate and review items and sort by rate, etc.

Never sell all.

Thats a noob misstake.

When you look back half year later and they are at $40 you will not be a happy man despite all your new money.

You will be happy if price tanks.
Take a profit and keep some, you will be happy in both cases.

There is also Local bitcoins

http://localbitcoins.com/

And another similar service, with Facebook accounts etc, but I cant remember its name.

You want the secret...They real truth. Noone will ever be able to buy all the 21 million coins at any price.

There will only circulate at max half of all the coins on the market.
The rest will be in savings.

So when you calculate the price. It cant be calculated on all the 21 million coins.

As the price goes higher, there will allways be someone who keeps his coins wanting more.
As the price crashes, there will allways be people who do not want or have to sell at to low.

Even if Bitcoin dies, not everyone will sell. Since there will be some people who will try to turn the network on again.

Ofcourse that means that someone also would be willing to buy for a higher price.
But as price could allways rise it will allways be a good investment.

And there will allways be some of the last guys that just bought will not sell at a loss.

They can make Bitcoin illegal but not all over the world.

You think people get bored on a currency that can easily reach $5000 in the coming years 10-20 years if only 0.1% of the blackmarket uses Bitcoin....Now thats excluding porn, gambling, gold, money transfer market, entertainment industry, games, micropayments, food, restaurants, export/import etc.

Though when I think about it I know one person that got bored last year.
But I´m quite sure he will be back soon or is.

Though I think many of those who get bored will just leave a few coins just in case.

Think about this, when you sell at $5 you sell to someone who will sell at $6 or $10 or $50 or some will keep it as a lottery ticket and only sell at $100 $500 etc. After a while there is noone left who will sell at $5.

Now price reach $6. And some people think great I will sell now. They sell to people who will want to sell at $7 or $10 or $25 or $64 or $500.
And if the price goes down, some people will just think. Hey I will wait until the price moves up. Other will see this as a great buying opportunity.

Sure some will panic, but they will go away after a while and than maybe regret their panic and become hardened as the price goes back up and new people/investors comes in.

Ofcourse some need to sell and some just use Bitcoin to transfer money.  But most of what is sold today is sold to someone who keeps until the price goes up. This is a upward spiral as less and less coins are produced.

And as the price rise, it will get more and more people and companies interested, creating a bigger and bigger upward spiral.

If there were 100,000 who each had 210 coins all coins would be bought...That how few coins there will be. A coin is like quite many goldbars.
Ofcourse 100,00 does not create a market, unless its the world richest 100,000...

My advice to those getting bored.
If you get bored, take a profit but keep atleast some, you dont want to find that you have to buy back in at 50% higher.

Also remember the tulip bubble? One tulip could buy a house. That was in one not that big country. Now Bitcoin is in the whole world...
But unlike tulips, and FIAT they can not be copied.
 

The logo is good, it looks slick, sound and healthy.
It does not imply anything that could be interpreted as bad or aggressive.

If some think it looks like a pancake? So what, pancakes are good most people like pancakes.

It might be simple but it gives it credibility, makes it look quality and fresh. Polished.
Not overworked as something done by a photoshop or 3d learning teenager.


K.I.S.S
Keep it simple stupid