The major Bitcoin wave is scheduled to top out in August 2016.

If Bitcoin becomes massive, I do not think the government can tax as efficient as they do now. The apparatus would shrink drastic due to lack of income. How will they tie millions of people to (by then) zillion Bitcoin addresses? It's a losing proposition, and the government would know and switch to proven tax strategies from way back + property taxes. If too suppressive, a massive black market would exist with Dark Coin/Monero (XMR) type of currencies.

If you think cryptos will be really big, it's time to move to a jurisdiction that does not tax capital gains of individuals.

As a summary: either you OWN your device ... or not.

If Bitcoin grows large, exactly how will governments tax the 'windfall'?

$3.50, that's cheap...  

Edit: I read 1 Satoshi, not 1 BTC,,,

Somebody bought Moons for Satoshi. Must be getting serious.

The speculation part of Bitcoin is indeed a necessary aspect of Bitcoin's ascent. But the price of a single Bitcoin in USD is not the most interesting aspect of bitcoin. The most intriguing part of Bitcoin is its transparent decentralised ledger. This ledger cannot be negotiated with, cannot be extorted or bribed and not seized. It can be accessed universally and anywhere electronically. it's a way of keeping score without anyone interfering.

We all know that the current monetary system comes with perks that lead to a transfer of wealth from ordinary citizens to governments. People are increasingly becoming aware of this and will be looking for escapes. The great aspects of the Bitcoin ledger will induce people over time to keep score in an honest ledger instead of obfuscated official ledgers. Slowly but surely the honest ledger will show its upside compared to a mismanaged ledger. The USD centric approach of today still limits the penetration of decentralized ledgers but over time a critical mass will cross the line. I expect currency turbulence to hasten this process, although it may take many years. It will be the youth leading and not pensioners with a large stake in the current system. The trust and comfort found in banks has catched firm hold in people's believe system.

In the end, the honest transparent ledgers will prevail. Now that bypassing the official ledger is possible (at least - theoretically), nothing can stop this from happening over time, even if it takes a generation.

In case of fiat failing, food is a better hedge than Bitcoin.

Sell some Ripple..

A real hype hasn't even occurred yet 

I look forward to Mooncoin re-entering the BTC market.

I applied for Mooncoin addition @ Poloniex.


Which exchange would like to miss out on that trading volume ... 

Then moon it will be 

Or a couple of years. This thing needs some time.

Exactly, it will vanish over time. Only the lucky and productive ones will built up larger stacks of Bitcoin during their lives. For the rest, it will just be a fair and stable ledger. You know, like money is supposed to work.

Looking at Bitcoin's past, it would have been worthwhile to think twice about stepping into a punishing market like Bitcoin. Obvious pump will come down, and slowly. It would have been better to get in at a later time, as was the case with the 2 previous pumps. But that is hindsight.

Your biggest problem is 'everyone'. Stop-Listening-To 'everyone'. Make up your own mind. If this thing is a dud to you, get out and lick your wounds. If you have faith in this thing or can imagine a bigger pump, hold on for a little longer and perhaps dollar average in some further.

But.do this yourself, and not because of 'everyone'.

I is still a way better chance than the lottery.

It's 1+ Satoshi or nothing.

If selling would destroy Bitcoin, I am in the wrong game. Just be patient. Many years if necessary.

Mooncoin needs some traffic from a respectable activity instead of just feeding Cryptsy...