I'd be interested. Depends on order queue and price premium that you want.

Invest in Bitcoin by A) Buying some bitcoin, B) If you have the funds buy a mining machine and C) Promote bitcoins use with merchants, friends and family which will increase your return of A and B.

Mining is still profitable but the margins are getting tight and it's expensive to get in. However, as BTC increases relevant to USD, you'll make your return.

If you've got Fiat money, hold a good portion of it as spending money in BTC (Find people who sell what you want in BTC. They usually offer it at a discount to USD price), invest some in actual investments like a business or a Bitcoin business and save the rest to pay bills that will only accept fiat currency.

BTC is not an investment. It is a currency. It's only an investment if you are going to convert it back to USD currency as the USD weakens. Rarely will you hear someone say 'I'm going to invest in Euros etc...'. They'll usually say 'I'm going to hedge against X with Euros'.

I think the best thing I've seen is bitcoinpaperwallet.com. Looks great, works great.

Price is predominantly determined by speculation and value.

Speculation by buyers wanting to get in early offering higher and higher prices for bitcoins offered for sale....

Value mostly in the services and goods that can be bought and sold with bitcoin. The more services and goods which can be bought and sold with bitcoin the more people will buy bitcoin using fiat which drives the usd/btc correlation. Other value is in its unique properties such as sending transactions for next to nothing, holding your own money and being your own bank etc...

What you need to do is remove yourself from the $. Stop thinking value is how much something is according to $. That's just showing the correlation of the increasing purchasing power of BTC and the decreasing purchasing power of the USD (+ some speculators).

The value of BTC is what you can do with it which is increasing everyday but needs more people to encourage and spread its use.

Here's an idea: When you go to buy something, offer to pay for it in BTC at a higher price than it would be in USD. Get them setup and charge them a fee for doing it. You'll increase the value of BTC by adding another merchant to the pool of BTC merchants.

Bitcoin will probably reset the button for a lot of people and their wealth, but I also think that it will not necessarily change the wealth of the rich. They aren't rich without reason. They or their families and generations have made smart choices. I think everyone that 'has not' likes to think those that 'have' stole it somehow. It's easy to villain-ize people especially if you are envious. It doesn't necessarily make it unfair. It's just that you don't have it and you want it.

Here's an idea... If you want to have 10% of the worlds wealth, why don't you setup a plan for 10 generations of your family and start taking the steps that will work towards getting that wealth generations down the line. That's what some of these super wealthy families have done and that's why they are where they are at now.

You have to ask yourself why you are investing in bitcoin. I say bitcoin isn't an investment but is a lifestyle choice and movement. You're not buying a commodity, you are buying an ideal which is a future that moves from fiat currency to crypto currencies with all its great qualities by design.

I am working my way OUT of fiat and into Crypto currencies which means that I'm looking to move as much as I can from Fiat. So my advise would be to start living in Crypto. You need to put your money to work by investing in producing services/businesses. Keep a good portion of your working capital in Bitcoin and use that to buy as much services and supplies as possible as this encourages growth in Bitcoin.

By being part of the sea change by encouraging merchants to accept your bitcoins for payment you will help increase its value. When you get paid in fiat, move some into bitcoin for spending, keep some in fiat to pay your utilities and Government commitments (They'll be last to move to Bitcoin) and put the rest in true investments like a business that makes money or a Bitcoin Business that offers a service.

Like I said, buying and holding bitcoin to get rich helps nobody. The more people holding bitcoin, the less liquidity there is, the less value it has, the less the price relative to fiat currencies will increase.

Moving your money into bitcoin is a great way to pay for services and goods. The less fiat you hold the better as it's devaluing at about 8% per annum and banks can take it if they feel like it. It's going to be useless paper good for burning which could happen quickly.

Anyone who thinks it's going to zero is an idiot. Even if every government tried to black list it, people would still be using it to buy goods and services. The main reason is because they can trust in crypto.

Buy and Sell goods and services in Bitcoin. Don't Buy and Hold to get rich.

Hi Community. I'm ready to launch an ebook site on Bitcoin that I hope will help to spread the word of Bitcoin. It does cost users money to purchase but this will form part of their understanding after taking a leap of faith and learning to move from fiat to digital.

I'm looking for feedback and comment on the website and ebook and your help building some content in the forum. I'm gradually working on it as we speak but your help is always appreciated.

For Bitcointalk users I am giving away a no obligation, fully refundable 28 day trial for $1 of the ebook with forum access which can be accessed here:

http://whyinvestinbitcoin.org/

Use the below special link for the Trial Purchase and to setup your account:

http://whyinvestinbitcoin.org/index.php?action=order&product=monthly&trial=yes

Please leave feedback on the ebook and website in the whyinvestinbitcoin.org forum. I want to improve the document, start work on a more detailed training document and help people new to bitcoin learn why so many of us appreciate Bitcoins importance.

Best support and feedback left in whyinvestinbitcoin.org gets 200mBTC.

I'm sure you'll find it a good read. Remember, the target audience is novice general consumers who are completely unaware of what bitcoin is. All they know is that they've seen it in the paper and it keeps getting bashed by mainstream media. I'll assume most people on here do understand Bitcoins potential.

I understand that this is the best forum for all things bitcoin and my forum is intended only for readers of the book who are looking to further their knowledge after reading that book. This site is linked in the forum.

Thanks for your feedback!

P.S. Feedback I'm looking for: Corrections, copy, layout, email copy, forum content etc...

I guess I was looking at it from the wrong perspective. So even if overnight bitcoin was accepted everywhere, the fair price is the price met between buyers and sellers. So as demand increases the price increases. But if demand suddenly became 1billion buyers and there were only 100,000 sellers surely that would mean the price would go to the moon.

I'd like to postulate a theory of how early miners or large holders of bit coins will have to release their coins at a lower price into the market to ensure gradual growth of the price. Here's why:

If it happened quickly that a great many websites and services on the street accepted bitcoin worldwide, then the value of bitcoin would not be what people are willing to pay for a coin, but what the net purchasing power is of the coin (i.e. what services you can and cannot buy with it). So if you were unable to buy Oil in btc but you could buy pretty much anything else, then the purchasing power is global GDP less the Production of Oil.

Thus a coin would suddenly be worth a lot more than it is today. But the btc market would freeze if nobody could purchase any coin except from a few holders of coin. So bitcoin holders would have to release coins in return for the net purchasing power of other currencies i.e. the Dollar which will likely be worth less and less and perhaps one day only used to buy Oil - it's last holdout.

So there are two points here:

1) Large holders of btc will have to keep releasing coins to ensure liquidity in the marketplace. If your holding would be Billions of dollars, you might not be bothered to let any of it go.

2) Large holders will have to release btc at a lower price than the buying power demands since if BTC was suddenly so expensive, most people wouldn't buy into it's ability to give them a money safe haven and they'll feel that there's not the incentive to move from fiat to crypto. They can buy everything with their fiat so why bother with the crypto currency. After all, 'I Trust my government and banks' they'll say.

Perhaps Satoshi is holding that 1m btc to gradually release them cheap into the marketplace over time.

I don't see how the distribution of wealth can happen just yet as there are too many large holders. In that essence, even though it's not a pyramid scheme, it is effectively working like one. Early holders getting huge growth before everyone realises that there will only be 1000 rich people in the world and everyone else will be effectively poor. The world just can't run with only a 1000 people buying all the yachts!

Please help me kill my theory. I want btc to liberate us from the banking cartel.

We've all sat there at night when we first realised that 'Bitcoin can take over the world! Mwhaahaaha' and imagined our 1 bitcoin turning into $1,000,000+ and perhaps someday that might happen. But here are a couple of my thoughts I've had on that:

1) To replace all money in the world, bitcoin would have to be used everywhere - and that means replacing physical paper/coin promissory notes with the equivalent for btc (i.e. I promise the bearer 1 uBTC - Issued by BOE) as we're always going to need physical money in some form for the time being. It's just easier in certain cases. Like market stalls and funfairs.

2) Lets speculate on the recent price rise and why it won't keep going at that pace: In 30 days it has quadrupled in price. Take that forward a bit at it's exponential rate: By this time next year the price would be: $3,355,443,200. The figures are correct - that's $3BILLION dollars. Another year: $562,949,953,421,312,000 - More money than the entire world by about 10,000 times. It just ain't gonna happen! Expect a crash at any time!

3) To get to prices like $10,000 is possible in the not to distant future, but for it to happen international transactions have to become the norm using BTC. For that to happen, good price stability is required. You can't make a transaction if it's going to change 10% by the time it's delivered.

4) To get to $100,000 it probably needs to deal with most internet transactions and the holdings of a large portion of peoples personal bank accounts. (Think most people with balances under $10K).

I'd appreciate your comments. Am I thinking on the right track?

Now that I found the rules (not too clear where they were and I've been waiting ages for bitcointalk to allow me to post humph) here is my first post that I'm hoping will give me access to ask freely.

My thought for the day is: There are only a few mining pools that have become the beasts of the bitcoin mining field. With these pools likely retaining the ability to claim the transaction fees of all coins mined, do you all think that the pools will be the banks of the future?

If you think about it, once all coins are mined or a very large portion, money will always flow through their doors as they charge a nominal transaction fee of billions of transactions a day. Sounds like a profitable business to be in but highly competitive as I think we are already seeing.

Comments please.