I'd love to hear your thoughts on the european debt crisis as it obviously defines your current open positions.
Also between the two currencies, cash (lets say USD) and bitcoin. What is your opinion on holding either given they hold totally different properties in terms of inflation / deflation.
As per the EU dept crisis, its nothing more than a political game. Whoever believes otherwise, either he's blind or misinformed. From the point that Mrs Merkel, Mr Draghi or anyone, really; can make a decision to end the crisis (fiat money have the ''ability'' to be fabricated out of thin air) they simply don't do it because they are on a very precise and well sketched schedule. Germans simply don't want ANYONE to mess with their banks, because of the fact that they don't want to reveal their *REAL* debt.
I have wrote elsewhere about the future of BC. From the point of view of its existence, its meant to be a strong player; actually the strongest. Non inflatable, it's doomed to end the exchange difference between $/Eur/GBP and BC to an outrageous limit. I expect the BCs, after the upcoming ASICs invasion, to rise. If you search my posts I've written why. Of course, I may be wrong...
In my opinion, it all makes sense when you compare what the network production/equity is now, with the one that will be, when the Asic miners come in. If you think about it a bit; the current exchange rate is about $12 for 1BC. That means you need about 100BC or $1200 for a BFL, SC and 40GH/s. You need about 100 days, to produce 100BC at a rate of 1BC/day with an average setup that sets you back about $1000 to $1200 (a couple of 5970s, a couple of 6870s, and some 6950s) and gives you 2.5GH/s.
Now, lets project this for a while to after 6 months to 1 year. By that time, lets asume that EVERYONE (who can afford it) will mine with an asic by then. The difficulty should respectively rise to actively produce an average for 40GH/s lets say 1BC/day. This means on a direct comparison that your (future) 40GH/s equals with the (today's) 2.5GH/s. Respectively you will be at the same position minus the initial 100BC you gave to buy the asic, minus the cost of the videocards (if you don't manage to sell them, or want to keep them anyway).
