2013-07-25 ZeroHedge: 2013 Bitcoin Mid-Year Review And Outlook

[n8rwJeTt8TrrLKPa55eU]

A syndication of the article originally posted at The Genesis Block.

To understand Bitcoin’s role in the first half of 2013, one must understand the macro trends driving its recent more widespread adoption. From Capital Controls to Currency Wars and Monetary Easing, the 'freedom' offered by Bitcoin has garnered a great deal of attention as these topics have recently re-emerged to the forefront of global attention. The following in-depth review (and outlook) of the Bitcoin environment covers trading, exchanges, venture capital, mining, and regulatory developments of the crypto-currency. The past six months may one day prove to be among the most important in bitcoin’s history. As global events sparked increasing need for frictionless wealth transfers, Bitcoin’s popularity ballooned and ignited a conversation that will likely continue to flourish in the years to come.

http://www.zerohedge.com/news/2013-07-24/2013-bitcoin-mid-year-review-and-outlook

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[kibblesnbits]

I love page 18:

Return for the ASICMINER stock IPO is 42,500% over eight months.  That page is printed and taped to the fridge.   

[n8rwJeTt8TrrLKPa55eU]

I love page 18:

Return for the ASICMINER stock IPO is 42,500% over eight months.  That page is printed and taped to the fridge.  

Alas, I bought zero shares.  Regardless, some Bitcoin investments have truly record-setting performance.  We should be taping that page not just to our fridges but on the front door of the LSE and the NYSE.  Anyone know any other equities available for public unrestricted purchase, in all of human history, outside of hyperinflationary environments, with that kind of return in such a short timespan?  I doubt even tulips, or dot-coms in their heyday, had growth numbers in the many thousand percent in under 12 months.  For comparison, Pirate was "only" offering 3300% per year and that was widely perceived as logically  impossible under any legitimate business scenario.

[tgb_jeff]

I love page 18:

Return for the ASICMINER stock IPO is 42,500% over eight months.  That page is printed and taped to the fridge.   

Then it was all worth it.