So, my plan as of right now is 50 BTC / month.
I plan to put 50 BTC into USD each month going forward whether the price jumps to 10 BTC/$ or if it drops to 10 bitcents / $.
By steadily putting out money over time, it will average out the price that I buy BTC for. This is simply a long term savings plan and I assume I'm not the only person doing this.
Also, if we assume all central banks are selling dollars, we need $200M "purchased" by citizens daily or about $6B1
At current prices this requires, 2000000000 BTC a month. Granted some people are purchasing/selling speculatively based on current price, but another population of people could be "savers" like me.
Hopefully, this poll can give an idea of who will be steadily flowing bitcoin into USD over the coming months. If there's not 2B1
BTC / month, then the price is sure to drop again before the end of 2012.
Feel free to update your vote as you adjust your plan. We'll see how much data we can gather here.1: 109 (American system)This post is intended as a joke, in response to Edward50's post.[/size=5pt]
well the heck is the 0 option, if you decide not to save?I did read the forum rules carefully, and it states nothing about implied copyright. You also agree not to post any copyrighted material unless you own the copyright or you have written consent from the owner of the copyrighted material. Spam, flooding, advertisements, chain letters, pyramid schemes, and solicitations are also forbidden on this forum. Therefore, this post is cast as a parody and therefore does not violate kjlimo's implied copyright of content.
What kind of poll is this.