Dont worry, with 1870 you're still going to be fkng filthy rich.

LOL!!

This one is correct ^^^^^

Agreed.

The gold standard for how much you should buy?

"As much as you possibly can"

and

"As much as you're willing to completely lose".

Put those together, primarily the 2nd one, and you'll probably be rich.

As the original poster of this thread, I want to say I totally respect Satoshi's desire to bow out when he did.

Adam Levine on Lets Talk Bitcoin (podcast) aptly pointed out the other day that he believes the decision was made, at least in part, because some very powerful organisations, people, and international structures may be utterly abolished by Bitcoin.  It quite simply would not be a desireable thing to be the name and the face they all point to when it happens. 

I get it. 

Not sure he was thinking that far ahead when he made it.  There's no telling if he "knew" what would come of Bitcion, or if he's sitting there utterly amazed himself right now.  But you'd have to be a fool to realize what this technology is capable of doing, and plaster your face all over it.

More importantly, Bitcoin is, by its very definition, decentralization.  There shouldn't be a single point of origin for it.  Its everyone's.  We all own it.  We are all creating its success.  That much I am sure Satoshi thought about when he exploded into pixie dust. 

In any case, I hope this thread isn't viewed as an irritating "drawer of attention" to sniffing him out.  I was just excited to read his posts and analyze his thinking processes in various discussions. 

Thanks all.

Can you define conviction in this context?

What does it mean when there is almost no "Volume" like that?  Yet the price goes way up?

UPDATE:  does it matter if there's a combined chart?   The price is also just gox.... so the volume is just gox ...

THis was my method.  For 5 months.   Then when the new version of QT came out, every time I would move or rename the wallet.dat file, it would "corrupt" on me .... the *only* reason i didn't lose *everything* was bedcause I still had a "recycle bin" with old wallet.dat file versions ...

I also had encryption keys that were changing on me randomly.   Thankfully they were capital versus lower case character changes.  I have *no* idea how those happened because I was copying and pasting my encryption keys in to the box when I would encrypt.   But needless to say, once I started seeing corruption notices just from moving the wallet.dat files to USB drives, and my encryption keys were showing up as "invalid", I was done with QT.   Done.   There's no way im trusting XXXXXXXXX dollars to a software program on windows.  

Sucks when you're wrong huh    Went up to $352 after you posted this

You and everyone else here.  Dealing with that.  You need to understand - the vast majority of the population (90%) do nothing but live day to day.  They're happy with their 9-5 jobs, their cubicles, and they're content to just "exist".  They don't explore, inquire, or think outside the box at all.  It could be lack of intelligence or laziness.  I prefer to think its an intelligence thing.  But nobody cares because they don't care about most things.  The majority of humanity are sheep, lead by the herd.  Even mister Jesus Christ said this about us, accurately.  you're not a moron, and you're not crazy.   If you have an IQ worth noting, and you've evaluated the situation fully, then you're right, and they're wrong.  Its difficult biting my tongue, and it will be difficult not shoving it in their faces later.  That's the true challenge

I am not comfortable with Armory or Ubuntu or Linux.  I am a normal windows user who knows most basic computer stuff.  But i am a newbie for sure.
 
I am trying to get my head around this private key thing and I can't.  Some people use bitaddress.org, even downloading the software, unzipping, offline, generating paper wallet.  But someone aptly pointed out that any third party is a risk.  

So how do you make your own private key that doesn't involve a third party?   I am really frustrated because a lot of money is at stake here.  I don't like feeling like one day I could wake up and "X" website has run off with all the coins because fools used "X" website to generate private keys.  If bitaddress is a potential risk, as some say (Probably just out of paranoia but still..) then how does one make a secure paper wallet?  You always need a third party don't you?  This is so confusing and frustrating .....

And....

* The infrastructure going up all over the world right now supporting this technology.  
* The tens of thousands of business now accepting Bitcoin as a payment option.  
* The international conferences dedicated to building a decentralized peer to peer banking system for the first time in human history.  
* The undoing of the central banking system.  
* The greed and absurd fees of Visa and Mastercard.  
* The failure of the US Congress to get its sh*t together.  
* The subsequent raising of the debt ceiling.  
* The ability to transfer money anywhere in the world instantly, free of charge.  And (wait for it...)
* The ultimate goal to bring free bank accounts held on the most basic smartphones, to 6 billion human beings who can't currently hold or transact money, in the farest reaches of Africa and beyond.

Bitcoins' value is much, much, much more than the buying and selling happening on the markets.  And people are finally starting to realize that.

You're rich, because you had the foresight to see all of this before everyone else.  

Doesnt it concern us that these are probably fake sells to manipulate price?

How do we know someone hasn't been doing this repeatedly to get the price up to where it is now and it will all come tumbling down when they finish?

Yeah you kind of left out the most common / obvious option:

Saving until price hits astronomical highs, then cashing out.

Closest you got was "Holding until die then give to loved ones"

Pretty sure most of us aren't planning to hold them till we die.

My whole point to him was:  "How does the bank know what you are doing anyways?  All they see are cash in cash out.  Sure, its to a bitcoin exchange, but that doesn't implicate what you are being paid for, specifically at all"

I work with some companies in India who provide pharmaceuticals around the world.   I have repeatedly requested that they get on board with Bitcoin because I have to wire them monthly, with $40+ in fees.  The responses I have gotten from them have been strange and frustrating.  First they said this to me:

"pls click on the link, i am been trying different banks but as of now bitcoins are not allowed in india.
If there is any positive response i will let you know.
http://articles.economictimes.indiatimes.com/2013-08-14/news/41409715_1_bitcoin-gox-virtual-currency"

I replied to him that there are exchanges he might be able to use which allow it conversion to fiat.  He replied:

"Here in india we are banned from using bitcoins for pharma exports. If we are found using bitcoins we will be banned forever ."

Made it sound like Bitcoin was known, and has already been completely restricted by Indian authorities.  I told him his information must not be correct.  He replied:

"I cant take cash out bitcoin for pharma exports. what will i get by telling a lie to you, i will loose business which i never want to do.
i will check again from a different state."

I asked him to check again (lol) ... he wrote back:

"https://buysellbitco.in/
I got a company who deals in bitcoins and it is working in india.
The charges are too high and it will not work out for me. They charge 50$ for a transaction of 7 bitcoins which is equal to 3000$.
Why cant you use western union or money gram instead?"

So either people in India are trying to scam bitcoin users or ... i dont know whats going on there.  Restrictions, excessive fees?  All seems completely backwards to what Bitcoin is all about.

Crazy!

He evaporated into thin air

If you guys know him, tell him thank you.

So i assume he was just trying to be funny

Why is it so hard for the naysayers to realize that there's a worldwide infrastructure being built around this technology, and that this isn't just a silly stupid pretend "stock market" situation happening?

Adoption and faith in the purpose of this new currency is why the value will stabilize and continue to rise. 

Long after the initial rush.

Then again Im a lay person. Im an avid user of the "View new Posts" link on every forum.  Its how I see all the interesting discussion going on since I last visited. On this site however, the view new posts link is always 75 pages long, and filled with tons of weird auctions and hard to read subject lines that make ease of viewing impossible.  So i pretty much never use it.  Wish I could filter whats there and only see interesting conversations.  Really couldn't care less about auctions... or some dude selling passkeys for MS Word.

For example instead of the page being saturated with this crap:

[240 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
The Problem With Altcoins
[WTS] 136GH New in Computer hardware
More Gox withdrawal delays
[BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
Does Anyone Else Believe In Jesus Christ ?
[1100 TH] BTC Guild - Pays TxFees, Stratum, MergedMining, Private Servers
When is it a good idea to change your wallet address?

Forum participation would quadruple if it was only saturated with this:

The Problem With Altcoins
More Gox withdrawal delays
Does Anyone Else Believe In Jesus Christ ?
When is it a good idea to change your wallet address?