The wealth transfer from holders of other stuff to holders of bitcoins is accelerating.
Figured I would let people know that the next 2-3 months are going to be extremely exciting with the bitcoin price. You may be tempted to sell but that may not be a very good idea and you will likely be regretting that decision six months from today. There is going to be a ton of funds flowing into Bitcoin.
Currently, there are a bunch of Silicon Valley VCs and Wall Streeters, at least 5-6 I am personally aware of, who are fighting over each other to establish multi-million dollar
positions. But that amount of capital is going to look tiny
compared to what is scheduled in about 2-3 months. The Bitcoin market, at current prices, is simply far far too small
for these amounts of fund flows and why they are melting up the price by buying anything that appears for sale.
Heh! Nothing could be more exciting than a feeding frenzy of well capitalized sharks in a market as tight as Bitcoin.
I really hope the Bitcoin community gets to benefit from this massive upcoming wealth transfer. To do so merely (1) hold onto your bitcoins, (2) restrict supply as much as you can (this is very important) and (3) make any of these newcomers pay dearly for whatever trickle of bitcoins you do choose to sell or spend.
Like I've mentioned before, 'parity' being defined as 1BTC/KG-Au sounds about right to me
Thx for the heads-up. Particularly if it is square and well founded.