Imahara



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MemberActivity: 61Merit: 10 POLL: To what extend are you committed financially to bitcoin? February 08, 2014, 03:05:55 PM

Last edit: February 08, 2014, 03:25:29 PM by Imahara #1 You wonder how it is possible that with so many true believers, the bitcoin price is still quite low compared to where it would be if it all panned out as we think it will. Bitcoin's market cap is still in the range of a tiny country's money supply.



My idea is that the bitcoin community is still fairly small, nothing close to the population of a small country. And most of us couldn't possible invest more in bitcoin even if we wanted to.



That means we will have to wait for larger investors to enter the game, like the big institutional investors. That might well happen in 2014, who knows..





WILL YOU INCREASE OR DECREASE YOUR EXPOSURE IN THE COMING MONTHS?



PLEASE RESPOND BELOW...

mtnminer



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Sr. MemberActivity: 294Merit: 250 Re: POLL: To what extend are you committed financially to bitcoin? February 08, 2014, 03:35:45 PM #2



Yesterday, when I was out doing business I asked three people at businesses "do you take bitcoin?" I already knew they didn't, but it opened the door to tell them a little quickly and suggest they look into it.



We should all do this every day and bitcoin will grow! Making it more valuable for all of us.



I am heavily invested in mining, asic repair, some trading and peer to peer lending.



Mtnminer



Quote from: Imahara on February 08, 2014, 03:05:55 PM You wonder how it is possible that with so many true believers, the bitcoin price is still quite low compared to where it would be if it all panned out as we think it will. Bitcoin's market cap is still in the range of a tiny country's money supply.



My idea is that the bitcoin community is still fairly small, nothing close to the population of a small country. And most of us couldn't possible invest more in bitcoin even if we wanted to.



That means we will have to wait for larger investors to enter the game, like the big institutional investors. That might well happen in 2014, who knows..





WILL YOU INCREASE OR DECREASE YOUR EXPOSURE IN THE COMING MONTHS?



PLEASE RESPOND BELOW...

I am deeply invested, I am going to continue investing. I agree our community is small, but the potential is great. We must become the sales people of bitcoin and crypto currencies!Yesterday, when I was out doing business I asked three people at businesses "do you take bitcoin?" I already knew they didn't, but it opened the door to tell them a little quickly and suggest they look into it.We should all do this every day and bitcoin will grow! Making it more valuable for all of us.I am heavily invested in mining, asic repair, some trading and peer to peer lending.Mtnminer

tvbcof



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LegendaryActivity: 3318Merit: 1140 Re: POLL: To what extend are you committed financially to bitcoin? February 08, 2014, 06:30:57 PM #11

I never put in more than I could afford to lose. Further, I mentally prepared myself to lose it all. Fortunately I had a high disposable income and no pressing need for new cars and shit like that.



The effect was that I was easily able to be patient and sit on my hands for literally years and wait for what were relatively high targets to be met. No need to panic on down-turns, or take out trivial winnings. Bitcoin has always been about 'elephant hunting' to me. In financial terms at least. My political hopes for the solution are a different matter.



sig spam anywhere and self-moderated threads on the pol&soc board are for losers.