OK, THIS IS FUCKING INSANE

[calian]

+1 what hyphymikey said

If your plan is to flip bitcoins for a short-term USD profit you will get eaten

But if your plan is to hold bitcoins and use them to pay businesses, you will come out on top

Dude I'm close to paying off my mortgage!!! my only two concerns are:
* When do I take my profits. (at one point I must take some profits, I haven't ever since I started mining and buying I haven't sold a single BTC)!
* How to avoid getting taxed like crazy when I transfer fiat back to my account.

Wow you seems to own more than 2000 bitcoins!

^^ Vladimir Club alert

Long term the best way I see to avoid taxes is to never sell. If this is the new Swiss bank account why liquidate? If you want to speculate just sell enough to recover your initial investment and reduce your basis but let the rest ride a few years (or decades).

[zif33rs]

the problem is that they didn't experience this amount of growth in such a short term!

While I think this is true..at some point during the "IPO" there was a growth curve similar to what we are experiencing. What is catalyzing this whole thing is the fact that financial systems around the world have been called into question due to recent events in the EU and Cyprus. People are responding to that uncertainty by getting into bitcoin. What alot of these graphs dont take into consideration is that the market is much more dynamic today than it was even a year ago. People are networked up..tuned in on whats happening globally. This is not just software though...this is MONEY..this impacts EVERYONE.

[piramida]

I think it's the beginning of last leg - vertical one. Could go like that for several days...

[zedicus]

I cant breathe!!

[Crazy]

[massivebitman]

Part of me wants to sell. Part of me thinks that if I sell I'm just giving my bitcoins away at a deep discount to some rich guy who's just paid me with what amounts to pocket change.

Yeah many people regret selling at 30/40/50$ now for sure.. don't wanna be that guy now

That's me... I sold at $27

I could've been rich!

 


*breathe*

*breathe*

farrrkkk

[Zangelbert Bingledack]

EVERYTHING IS PROCEEDING AS I HAVE FORESEEN IT

[wopwop]

we could be looking at the future money coming to us sooner than we all had imagined

can you imagine a world of bitcoin as standard money? wow

[nazgulnarsil]

I've already made my call $250/BTC by April 30, 2013.

Might be conservative.

Dude I'm a fucking atheist but nobody makes money this fast and this easy without going to some sort of hell....

 

My small investment is growing so fucking rapidly, and is becoming a not so small investment.
However, I love everything about bitcoin and am also afraid to sell  

+1,this is starting to get somewhat serious for me.  I can't even imagine how the real early adopters feel (one might argue that everybody buying now is still an early adopter).

most of us are mad we didn't put more disposable income wasted on crap like video games into bitcoin.

[sunnankar]

most of us are mad we didn't put more disposable income wasted on crap like video games into bitcoin.

A good lesson on why savings is good.

[wopwop]

predicting 300$ by 15 april

[Dabs]

Uh... to avoid taxes, when you convert to fiat, don't deposit everything into your bank account. Or, just don't cash out in big amounts, sell local or OTC as you need if you need to pay for something in fiat.

Bitcoinstore.com sells a whole bunch of stuff in bitcoins.

[Zangelbert Bingledack]

EVERYTHING IS PROCEEDING AS I HAVE FORESEEN IT

which is?

Crazy fast exponential growth with endless WTF.

[The-Real-Link]

I've mined for awhile at this point and was happy to see $3, $5, and by gosh, $10.  It had to be cashed since it also paid for office rent.  But at the same time, well, that's hindsight for you.  I'm sure we all would've loved to hold onto coins if we bought or mined them at $2 or whatever "cheap" price now.

But as someone said yeah, you can always cash-out what you put in and sit on the rest.   You may lose a few bucks (or a decent amount) in Intraday at the rate this is climbing but you've earned your investment back.  

I'm scared...

But no I do think we'll keep going up for awhile since as was said, the true power of this global money is being shown.

[Sword Smith]

Even for a bull like myself, who's in dreamland right now and seriously considering selling just because I don't really know how am I going to play out the transfer of my money back to my accounts, this is plain insanity.
I have never seen this kind of sustained growth in any financial tool... not in commodities ( I used to trade coffee and OJ), not in silver/dollar much less in stocks minus some penny stocks that shouldn't be counted (Hello Granny Mae!!!)
Although many people call this a bubble, while I call it a correction, there is no doubt that there's a lot of speculation and people buying coins to hoard them and to speculate the price will continue to rise. I just cannot believe how the price has gone from $101, (on April 2nd at 6:43:15 GMT) when I bought 0.5 using money from a relative and I only bought 0.5 because I was somewhat skeptical and I was waiting for a small dip to get in, to a whooping $136 in about 24hrs!!!
That is just plain ridiculous and sorry if I sound like a moronic bear but it's insane to think differently about it.
So, where do we go from here? when are we hitting $200?
I read other posts about hittin $1000 this year and I was skeptical about it, but who's to say it isn't possible?

Bitcoin isn't OJ or coffee- It's something you can't compare to almost anything. As far as investments it's maybe more like Apple stock ( look at the price in 1984 and today....)

I own apple stock (unfortunately) as I jumped in at $490 and although your analogy is true, look at the time lapse in apple stock prices..
we are making 10-20% profits every 24hrs!!! that's fucking crazy dude!

We made 23 % the last three hours. Seems like a pretty regular ROI to me 

[David M]

Dude I'm a fucking atheist but nobody makes money this fast and this easy without going to some sort of hell....

LOL. 

[axus]

Split up your stash, it's what Pirate did with his booty   40,000 bitcoins is worth....?

[EuroTrash]

Whatever. I'll die of a heart attack soon enough and my private keys will be lost. 

[wopwop]

headless BEAR attacking this super-bull rally but failing tremendeously 

[ManBearPig]

MASSIVE swing trading opps here!

Not that that's my thing of course