What about the option of using something like dropbox?

The more you spend BTC now in ways that spread the adoption of BTC globally, the more the leftover BTC that you sit aside will be worth.

Would you rather have 1 BTC exchangeable to 20-30USD, or .5 BTC exchangeable to 50-75USD?

In other words, the sooner 1 BTC is exchangeable for 100 or 1000 USD (due to supply/demand/higher adoption), the sooner you can buy that house for .5 BTC.

I personally feel this is an excellent idea in the sense that our (as in all early adopters, which might define anyone who finds themselves to be 'involved' in bitcoin) investment(s) in bitcoin have more to gain from the popularity and widespread use of bitcoin (globally) in the immediate future and in the long term than we have to gain from merely hoarding our BTC.

Think of it this way, and this is a ridiculous example on purpose.

Theres approx ~200mil USD worth of BTC in existence today. I hate basing the value of BTC on USD, but this is something a lot of people can relate value to still (which will change as bitcoin grows I'd imagine, perspective of what 'money' is that is).

As more people use BTC, this means more people buying in. With a limited supply, its value 'has' to go up in relation to everything else that BTC might be compared to for valuation purposes (correct me if I'm wrong here, but this is how I understand supply and demand to work).

So if you own 1 BTC today, would it not be in your best interest to see that more people adopt and use BTC (or rely on it even as a source of revenue)?

In other words. I take .5 of that 1 BTC I own, and invest it in growing the usage of BTC, this will in theory increase the value of that other .5 BTC I still own.

Lets say I make something awesome that makes BTC easier to use in the real world. Suddenly instead of 200mil USD being invested in 6.5~mil BTC, there's now 1 billion USD being invested in BTC. My .5 BTC is now worth in relation to USD, 5 times more.

Which would you rather have? 1 BTC that exchanges for 20-30 USD, or .5 BTC that exchanges for 50-75 USD?

And for the record, I personally do not believe in the current value of the USD as it has been rampantly inflated even in my own lifetime. I think at some point BTC will stabilize according to the global community, but this won't happen until it is more widely accepted and more importantly, relied on as a means of regular transactions (much like we rely on plastic and cash).

Until BTC achieves that level of adoption though, many will look at it in terms of "Whats it worth compared to the currency I can spend right now down at 7/11?".

A lot of people seem to be focused on the mining, pooling, and exchange side of bitcoin because, well... in my opinion, its easy. Developing [anything] that promotes the use of BTC however, is not near as easy, but I feel is going to benefit everyone involved in BTC currently, the most.

Grow bitcoin any way you can, using BTC preferably, and what portion you set aside as your own 'savings', will grow with it.

Just my .02 BTC.

And... I could be completely off the mark. This is just a simple short sighted observation I've made on the topic.

Correct, they are in the past. However, people will read into whatever they want to, and not necessarily always what they should.

My whole point though is that people need to stop looking at the 2-3-5-7 day patterns and start looking at the 30-60-90day patterns.

The quick bucks to be had will be nowhere as great as the longer term investments according to the 'concoctions of the past' that are technical indicators.

I think we'll see a down trend that will bring it back down below 25 in the next day or so (if not today). So there is opportunity for the 'day traders'.

However, I think we'll be seeing 30-35 again by the weekend regardless of volatility and 'whats in the news'.

For the time being (and over the last few years) I've answered this question as :

Socially Liberal and Fiscally Conservative

Seeing how most people can't tell the difference between libs and cons generationally for the last 200 years though.... I figure everyone is going to read that how they want to no matter how its stated.

So the dumbed down version...

"Get off my property and don't tell me what I can and can't do with that which is mine."

Property in this case being monetary in nature, and the social aspect of that position I suppose would be the openeness that is the bitcoin community.

I hope to in the next few weeks, build a better set of online tools for miners/investors.

I need help to do it in a reasonable time frame, as I'm more of a front end developer than anything... but this community desperately needs better tools. Threads like this one are all the evidence I need for that presumption.

If you're looking at a 2 day or 3 day analysis of MTGOX/USD, I'd say yes we're in the later phases of an upward trend. 1-2-5 day ADX indicates a strong shift to a downward trend. In fact, the 2 day ADX shows a drop from 65~ ADX upward trend to 35~ ADX downward trend (and rising trend strength).

This is all fine and dandy if you're just looking for a quick buck.

If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.

Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.

Just my ฿.02.

1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments Numbers do not lie!

Lets assume for a second that big bro actually does decide to attempt to regulate the entirety of bitcoins existence (if this is even possible).

Is it not the case that alternative yet still compatible clients could be created, that lack the 'regulation' bits?

I'm generally against gov meddling in my financial affairs, seeing how if they can't steal from me to my face, they still manage to steal from me behind my back (inflating the dollar for example). They do both if/when they can.

However, for sake of argument about the life and value of bitcoin :

Wouldn't it be a 'good' thing to have a client that is 'gov approved'?

Theres always going to be a handful of people who want nothing to do with gov, but theres an even larger population of brainwashed people who still (delusional) strongly strongly trust in that which backs the USD... the 'Full Faith and Credit of the United States'.

Granted, bitcoins will never be actually 'backed' by the US by design, a client that is 'backed' by it might encourage more people to use the currency.

Even if you choose to use a non 'us backed' client (because they will exist too).

Just my ฿.02 (which is apparently worth a lot more than a lot of your $.02's at the moment *snicker*)

Maybe this is a terrible example and I have no idea what I'm talking about, but to me, anything that encourages the use of or secures (in the minds of the masses) bitcoin to the extent that more people trust and begin to use it... is a good thing, or can be.