You simply must explain to them that there will be huge fluctuations in the value of the coins, we are going to se quite a few bubbles before things start to calm down, and there is no way for any of us to change that. It might take 5-15 years before things calm down.

Well right now it appears we need more cashflow to support higher levels.
Though it would be very easy for billionaire or a Bank to buy up most of the Bitcoins even at a value of $30...It would not be wise. When not all coins are created and miners are willing to sell at $5...

http://www.forbes.com/sites/luisakroll/2011/12/19/billionaires-daughter-pays-record-sum-for-nyc-pad/

I remember a few big chinese newspapers had articles on bitcoin on their economy pages.
Ofcourse there is a difference between an article and real usage.
Though I wonder how well known they are in India. 

$9

Thing is, it doesnt matter. The money was there. Next time there will be two or three times as many believing in it and as said earlier, If/when this hits the press...Means more interest, means even higer price, even more press and this time its really easy to buy much easier than any stock or gold. Anyone can buy with their creditcard...
Also together with them mentioned on the Good wife et...

For the worlds first ever cryptocurrency $5 appears to be a bargain.

I know those kind of tech people too.

Who will need gold to save money when you can have Bitcoins?
They are simply much better.

People realized that Bitcoins are not dead, plus there is a strong support for Bitcoins at $2-3.

Insider info.
http://keepyourassets.net/2011/12/23/1551/

It wasnt a bubble because...The balance of the equilibrium had far from reached the full ofset from a point of time since bitcoins inflational exposures would have to be messured as the potential of the bottom accumulation of coins, meaning that seen from the full perspective of transactional width compared to the cost a Bitcoin bubble would look very different from a usual bubble.

Nah, it was a bubble, just joking.

Is there any historic data on bubbles in previous cryptocurrencies 
It wasnt a bubble just a crash 

In the very longterm Bitcoins gets spread among "everyone" like the dollar has, you might have been paid with some Bitcoins by someone.
Thus you probably have some Bitcoins or can get some from any of your friends or your lokal kiosk and by than there will be no need to exchange them. The people you send them to will simply use them to pay the rent or buy something on the internet, they will not go to an exchange.

But thats perhaps atleast 10 years from now, so in the shortterm Bitcoins are not a threat to Western union.

Hehe, I have read quite a few comments by people new to bitcoin who think that Bitcoins are free because you can mine them.
But in a few sences they are free, in that you can get them by mining them even if you dont have access to an exchange and that no banks or credit card can freeze them.

 

Looking forward to the results.

But we need to think longterm.

We dont want an organisation to put up an adress, we send them our coins.

They dont get any more coins and after a few months the adress is removed.
Perhaps by someone who thinks Bitcoins are for criminals.

We need to give them one donation now and one more donation after another year.


Also a small question, how come the adress has sent some coins?
1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac

Add me to the list.

I agree about the wallet.

The client needs to be able to load and save/merge/handle wallets with different names.

But that does not mean the client sucks, its very nice work.

They might aswell make Bitcoins look like a scam, something bad.

Good point.

Yes and that makes perfekt sence, since it would be like an insurance that Bitcoins can never be totally worthless.
There is allways a floor. Ofcourse the floor should be saved in the worlds best fiat/gold and not in $.

This would really create a real confidence in Bitcoin.
 
However they can and will be traded at much higher price.

Such a floor would, if it goes grows to something like a million dollar would really make create media attention on Bitcoins it would also get wathed and reported everytime the floor grows substantially.

Everyone holding Bitcoins could have an interest in supporting such a floor.

If possible perhaps those who support the floor the most could somehow get rewarded by the community for doing so.
Perhaps by getting 50% less fees or something similar.

I´m willing to back Bitcoins with some of my money because I believe in it.

So how about a Bitcoin real money backing that is transparent.

So people would know that they would allways get atleast X dollars for their coins.

By putting locked money in an account.
Like a locked gold/reserve.

This means that in case of a crash you will get some money for your coins if you sell them.

For example I´m willing to put a buy order for Bitcoins for $200 and leave it at that forever.

I would not be able to get that money out ever, they should be untouchable even by me.
Only if Bitcoins value crash I would get Bitcoins for that amount.

This means that the total of all Bitcoins currently in the world is together atleast allways valued $200.

Thus creating a floor.


Now if we all set something aside to help create that floor.
And we can get 1000 people to put in $200 the value of all bitcoins would get locked to be atelast $200.000. So that would be the floor.

As more and more people contribute to the floor, the real value of Bitcoins will rise.

It would be just like a government promise to buy back your money, only a promise made by people all over the world.

And it would only start to cash out Bitcoins if atleast 90% of all available Bitcoins was put out for sale.




And as more and more people put money in some money. The floor will grow.

Thus creating a value that people understand and increasing the value of the Bitcoins.

Since some people will think.
Whatever happens to the Value of Bitcoins I will allways be able to get atleast 1/10 of my money back.

The exchanges could even have an option to set aside 0.1% of each trade to this global Bitcoin floor making the floor grow for each trade.

It would be in everyones interest to make this floor grow since it proves Bitcoins have a "real" value.

Making the traded value of Bitcoins increase.



There are just two little problems.

Where should the money be kept. It must be safe from stealing and we do not want it to ever be frozen. Perhaps a Swiss bank account?
The amount on the Bank account also needs to be visible for everyone. Even in case of a bankrun the money should not be touched.
The problems with our banks Not sure if it has ever been a problem with Swiss banks though.


We also need a trusted thirdparty to make sure the money will be used to buy up Bitcoins in case of a crash and this has to be done at the time together with trusted exchanges.











People deposit money into it and the money is locked

No there is no "real" licensed casino accepting Bitcoins yet and it will probably take some time until there is.
There are no real gaming licenses that does not require the players to register with full names, adress etc.
This is in order to prevent money laundry.

I would be very carefull to trust any casino or gambling site offering players to play without requireing this info or without a valid and recognised gaming license.

They could be shut down, take your coins etc. If there is no license there is probably no player protection.

A gaming license from Isle of Man (One of the trustworthy in the industry.) costs around £50.000 per year.




 

Another bubble and people would just laugh, its still to early...