Yes I read it a couple of years back, it opened my eyes (further) for the possibilities.



Please do not assume $50000 per coin. That requires a valuation of ~1T$ which is a lot (I'm assuming 4-6-2013 US $ wrt buying power). Of course one can't help but dream

Any of you guys read Jacob Fisker Lund's blog before he stopped being early retired? Basically he made about $40,000 a year as a grad student, lived on about $7,000 a year and saved the rest for 5 years before becoming financially independent. Seems like he could have done it in two years if bitcoin had been in the picture.

http://earlyretirementextreme.com/

I've had this vision of selling all one's possessions for bitcoin, getting down to just what would fit in a backpack and travelling the world for 3-5 years waiting for full valuation to arrive.

I think if we can see some more market stability - more online merchants will adopt btc as a payment method - which in turn will reduce the amount of "Cash Exit" clients. - If you could buy fuel cards / clothing and even pay your electricity bill with BTC then you would be less inclined to exit.

It's just hard for certain tangible products to be paid for in BTC when there is no means to protect the buyer...

I think were few years away from the growth a majority of the people in this thread are predicting.  We will definitely see some sort of crazy volatile event by this time next year in which a lot of people will lose a lot of money. 

It's approximate. Calculation method is a spreadsheet that multiplies the cell above by 1.05.

Artful, tvbcof.   

And I wonder if this might have been sparked - or even perhaps be a part of - Assange's insurance.  We've all learned quite a bit in the past few years about how - and especially how not - to release massively damaging information to the public.  It's a very interesting event.

Would not surprise me.  Most of the highly intelligent people I know are pretty left-wing, and it is easier to get ahead if one is bright.  Most of the right wingers I know are dolts who are in debt up to their eyebrows.  OTOH, lots of silver-spoon kids grow up to be right-wingers also and they may account for the bulk of the capital.

Now left-wing wealthy folks are probably less inclined to be tax cheats, but there will certainly be many exceptions to the rule.

If Assange is behind this, it could well be his get-out-of-jail-free card.  It makes me again wonder what might be in 'insurance.aes256'

my call for this coming week of breaking $200 is in tact

also my call of $440 by April 30th, 2013 will be touched.

From there is anyone's guess.

Order ID?

I'm having the exact same problem as:

https://bitcointalk.org/index.php?topic=83209.msg1745711#msg1745711

and support hasn't answered my email.  I'm guessing bitinstant ran off with my $100?

EDIT: BitInstant now says I should have it within 8 hours.  24 hours later... not very "instant".  I'll report back if I still dont have my money.

This is what ONE trillion dollars looks like, imagine 32 of these:

the entire joyride will end as soon bitcoins are getting percepted not only valuable (thats of course our feeling, the feeling of owners) but also as expensive (for all of those that would like to become owners. its a psychological barrier. if we start talking about
 millibitcoins (mbitcoins, mbtc), we would make it attraktive to the masses. it´s a language thing: stop talking about bitcoins, the new era is the mbitcoin. that will flaten out the scary graphs for a little time. people who own btc should manifest their treasure by strictly insisting on mbtc from now on.

you can currently buy 100 mbtc for 14 bucks

or 1 mbtc = 14 cent. sounds cheap enough!  

when the world accepts mtbc we will own...  

Ok..everyone has predictions of what the value of what bitcoin will be worth today, tomorrow and a year from now. I am not about to try and say where I think we all know we are going, but it really struck home when I noticed that $1 = 730,000 satoshi's today.

Think about that for a moment...


It just strikes me that there indeed might be a day when $1 = 10,000 satoshi's...or less. Its not that far of a leap from here.

I bought 100 coins at around 13$.  I sold 65 of them for BFL pre-order (that was 1333$ at the time) .  I bought approx 45 at around 45$, just before exponential growth.
Sold 20 BTC at 110$ to recover my last 2000$ I put in (not bad, considering that it more than doubled).  Just sold 60 at 132$.

So, total investment 3300$.  Total return, approx 10000$.

Take from that maybe 600~700$ I invested in mining hardware...  Custom FPGA hardware array, running at 2.2GH/s total @ 450W.  The FPGA did not cost me anything, they are telecom cards we have at our job that don't sell .  I adapted them, reverse engineered (easy since we made those, and have all the hardware specs), designed backplane PCB, PC interface, custom PC miner software interface, etc.  So, there's a lot of fun involved in the process too  Mined about 20 BTC since January.

Of course, gained and lost a few BTC betting on the exchanges, trading LTC, BTC, PPC, etc.  So I learned there too!

I still have that last 60BTC worth in fiat at the exchange, in case there's a weekend dip  But for now, it's way too volatile to risk it.  It may raise to 150~160, sure, but what the heck...  I made a lot in a few month and more than happy

And of course, some penny change BTC (2 or 3), plus my mining hardware that still run 24/24 popping .16BTC/day (that's still ~20$/day), although I now mine PPC which is worth 2~3 times more at the moment.

And...  I'm waiting for the correction now!  Well, if it happen

i think, the exchanges are ready. there are only two problems: 1. micro-transactions are allowed, just "tax" them and they go away. the actual $$$ amount is not the problem, it's the sheer number of tx. 2. there are plenty of other exchanges besides gox.
finally, yes, bigger investors are the key. only if bitcoin is inflated enough, it will also start to be a good tool serving its actual purpose as a money transmitting utility - that phase only comes after enough inflation, otherwise bitcoin is doomed anyways.