Yeah, there's a chance I'd prefer the world of carebear coin than the bitcoin one. What would sway me one way or the other would be whether hoarding leads to more aggressive egotistical oppression where the hoarder bosses everyone else about or if hoarding helps people lead acceptable lives, the jury's out on that matter.

Money is an illusion, just that they will realize that bitcoin is worthless as anything other than a currency

lol.  Each amazon gift card is about 200k dvc (for $10).  200k * 6 = 1.2 mil
I haven't even earned 60 mil..  

Thanks again, Unthinkingbit!

If the market is efficient, how come price was $266 one day, and then $50 two days later?  What changed?  Oh yeah, nothing but the price itself.  If you claim the market approaches efficiency in the limit, I won't argue.  But at any given moment the market can be super inefficient.

I've had that thought a couple months ago and I started trading Bitcoin buy buying low and selling high with a volume of 1 Bitcoin.
I figured out I didn't increase my capital with lightspeed because after I sold I had to wait until it was lower again to buy more back in.

Then I learned how to go "Short" on Bitcoin. A "short" position is the opposite of a "long" position in trading terms. With a long position you profit when price go up. That's how you can make money on exchanges like MtGox, Bitstamp and BTC-e. "Short" position means you can profit when prices go down.
That allowed me take more profit opportunities, but I couldn't go Short on the classing exchanges. I could only do it on a trading platform.

Using the trading platform I learned I could also trade in other currencies like EUR/USD and EUR/JPY and so I did. Eventually I traded more in the major currency pairs than in BTC/USD because it was less volatile.

I made a lot profit very quick, 1500 euro in 2 weeks. However I lost all the profit including a part of my bankroll. Then I stopped trading and found something new this month.

I learned to make profit in Media Buying when I started working as a PHP developer in the Lead Generation business. That means you buy ad space and promote offers. What I did was promoting CPL offers like dating or sweepstake, something that doesn't costs the visitor anything to signup and convert to a lead for you.

As of 1 september 2013 I have spend ~$4000 and earned ~$8000. That's quit reflecting your objective isn't it?

There's one little downside to Media Buying. Most of the time you have to prepay your advertising costs but you're earnings are often paid 30, 60 or 90 days later depending on your affiliate partner. They call the payment terms NET30, NET60, NET90 or Bi-Weekly (Rare). The direct effect of this is that you will deplete your advertising budget so you won't be able to advertise the next month and generate revenue until you get paid again. Unless offcourse you're very rich and have more to spend than you do.

So Media Buying is more safe than gambling and trading bitcoins. It's almost riskfree, because you determine what you spend and you can just test campaigns with a little budget just to see how it converts and how much your ROI is, because ROI that's the only think that counts. You might earn $10.000 but if you have spend $9000 your ROI is just as little as ~10%.

Your ROI depends on the following things:
- advertising budget settings
- advertisement (Banner, Text)
- landing page
- campaign offer

I only push campaigns when they give me 200% ROI or more, and that's how I double up my money from $4000 to $8000.

If you're sure of this and this timeframe: 1000/125=8 ==> 4sqrt( = 1.68

So an annualized rate of 68%. There really are worse investments

I think he's making a whole lot of assumptions here that you just can't make.

First of all, let's not forget that there is a large degree of automation in bitcoin trading since, you know, there's an awful lot of programmers around. You can also look back and see all trading robots that have been posted to the forums alone where people literally download and let it run so you have a large population of users who don't know what they're doing just letting the bot do its thing. Since this is the same exact bot over many different accounts, they will all notice the same things and make the same decisions.

In fact, I used to use this knowledge to predict what the bots would do in a certain situation. When I saw that scenario playing out, I would take advantage of the bot's mindlessness and it was making me some pretty good profit. The bots have gotten pretty sophisticated now, and the market is large enough that the risk to me is too great. I wouldn't put it past a bigger player to be taking the same sort of reactionary trades against a programmed hive mind.

Yes, with only 21 million of them there is no level of success small enough to give a stable price under $1000. So the only possibility for BTC not to reach $1000 is if it goes to 0. Which isn't impossible of course.

No. Bitcoin is not Pokemon cards. It has broken through to the major leagues, and is now a collectors item. Because of the number of stores, and even drugs that accept bitcoin, it has become something you can hold onto, and expect to go up in value.

They WON'T. You are holding it as if it is a collectors item, but it is a POKEMON CARD. It is only as valuable as you think it is OR as you work to make it.

Everyone says "Don't dump coins" but where is the alternative?

You Might Ask: "Well How Does Making Shops Raise the Value of Devcoins?"

Well... When people write for Devtome, they earn Coins correct... As of now, the only well known use for Devcoins is to sell them for Bitcoins. Period. Sure, we can advertise the bounty bonds better... But that is not the only thing we need to do. We need shops, because when people earn Devcoins, there needs to be a place for them to go besides Vircurex/MCXNow or any other exchange. If no one is willing to buy cheap Devcoins, and writers just keep putting up cheaper and cheaper Devcoins... Nothing is going to fix itself.

You have to make shops, so that people don't turn straight to the exchange with their coin.