Bounty for attracting investors

[annette786]

I mentioned bitcoin to 5 of my friends, and only one of them had even heard of it.  They are all active traders.  

Most of them spend time researching their stocks on forums like yahoo finance, investorshub, and raging bull.

If 5% of the people in on this site went out and made 3 posts on 3 different stock forums mentioning bitcoin, the price would increase by order of a magnitude very quickly.  We only have a 120MM marketcap!

Can someone (or group of someones) with more bitcoin than I make a bounty for this?  I have made my posts.

Thank you!

[Stephen Gornick]

We only have a 120MM marketcap!

Do you see that as being a problem?  If so, how is it a problem?

[Vandroiy]

This is hardly a project, and we're not here for pump and dump games. Speculation that's not backed by genuine usage creates instability.

People who are here for quick bucks have a pretty high price to sell right now, compared to any one you could buy for for most of the last year. I personally would prefer to not get yet another large bubble right away, they make the Bitcoin markets look ridiculous.

[annette786]

We only have a 120MM marketcap!

Do you see that as being a problem?  If so, how is it a problem?

When I mention the marketcap to one of my friends and he audibly laughed.  "That's nothing... it's a currency?" I believe were his exact words.  Most hedge funds won't even look at a stock with a marketcap of 120MM, yet alone a currency.

There is a lot of effort from really smart and talented people that have gotten bitcoin to this point.  When/If the marketcap hits a $B, the average investor will take notice.  They will be curious, they will want to invest (in bitcoin and ancillary services), and they will want to use it. 

[Garr255]

Stay bullish, all: much money is coming in in the coming years.

[OgNasty]

I think we should try and keep the price low for a while longer.  I'm still in accumulation mode.  I currently only share Bitcoin with close friends.  I'll start pitching it to strangers when I'm sitting on 10,000+ of them in my own personal wallet.

[annette786]

This is hardly a project, and we're not here for pump and dump games. Speculation that's not backed by genuine usage creates instability.

People who are here for quick bucks have a pretty high price to sell right now, compared to any one you could buy for for most of the last year. I personally would prefer to not get yet another large bubble right away, they make the Bitcoin markets look ridiculous.

Trust me, a large marketcap does not make bicoin look ridiculous.  Every public company on this earth has someone in charge of IR, that gets the word out (pumps).  Larger marketcaps will create more investment in services that facilitate trade of BTC and less volatility.  Bitcoin is vulnerable at this valuation.

Anyway-- I've taken my position. Since, it's not profitable to momentum trade on mtgox (given their current commission structure), I'll sit an watch and hope for the best.  

Good luck all.

[justusranvier]

When I mention the marketcap to one of my friends and he audibly laughed.  "That's nothing... it's a currency?" I believe were his exact words.  Most hedge funds won't even look at a stock with a marketcap of 120MM, yet alone a currency.

So what?

Hedge funds are in no way necessary to form a viable currency. Commerce is necessary, however.

[cbeast]

Bitcoin doesn't need a few institutional investors to invest billions. It needs millions of people to invest thousands and hold for a few years. Let the exchanges not be counted in bitcoins, but satoshis. A deflationary currency is demand driven. Of course, spending bitcoins to purchase goods should continue to grow.