you know what they say about great investments; you gotta make them when no one else sees it.
I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.
all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now. it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition. i'm hopeful this will continue into the long term.
it just dawned on me that it appears i am the first one IN THE WORLD to have done this. not to mention to the magnitude i have. if someone else has done something similar they sure haven't stepped forward to admit it in this forum or elsewhere. i guess i'll either be defined as a visionary or a dunce.
Uhh I have...sold my silver in April, May, and July of 2011. Bought mining equipment and bought bitcoins outright.
Edit: Davincij15 did it first. I did it second to my knowledge.
well good for you altho i doubt you did it to the magnitude that i did. nonetheless, its comforting to know i'm not the only one who thinks they see something.
You are probably right. I dont have as deep pocket as you do but I liquidated about 500oz of silver bullion in those three months.