MOS_STP --> agree, just want to hear out what other people's risk profiles are. I think the first rule is that you only put in an amount that will not affect your quality of life if you lose it. In other words, if you earn 18k a year, dont put in 5k. If you are in debt, this is not a way out. I worry a lot about people with little losing money. Not nice. Once you know you are in and have built a risk position of 1, 10, 100 or 1,000 btc how do you design a strategy to maximise your return. Now this part also answers realnowhereman, lets try and work this out from a top to bottom approach (i.e. how high can it go)

We have the downside set - its 0, you risk everything. It makes sense to derisk your initial investment and when you do that depends on your risk appetite (risk averse = take out half your bitcoins when it doubles, ultra risk taker = take out 1% of your bitcoins when it is up by 100x ---> in both cases you took your money out). At some point you should take your money out! you can't buy a car with bitcoins (yet?). Strategy still maintains a lot of the upside.

Lets look at the upside. Lets look at orders of magnitude (everything will be very approximate) just to put things into context - World equity markets $40 trillion, debt capital markets about $100 trillion, US GDP 14 trillion, Spain GDP 1.5 trillion, Colombia's GDP 0.25bn. As an asset class I think the maximum this will get to in a best best ultra optimistic scenario is in the order of magnitude of 1 trillion (i.e. hundreds of thousands of dollars per bit coin) this is on the basis that the currency becomes a secondary shadow market (like cigarettes in prison?!? where in POW camps in WWII even non-smokers gave them value) either for the grey or black markets or for people to move restricted currencies on or offshore (think ISK, RMB, etc). The best precedent is the ETF market - grew on word of mouth, retail investor (i.e. an asset class based mostly on people buying with cash, not institutional investors like pimco, axa, aig, etc). That market has grown to about $3trillion, saw explosive growth in and is now functioning, transparent and liquid (ideally where BTC will go).

I'm really enjoying seeing this mkt develop! As I said, only found out about bitcoins 10 days ago!

Freakin --> ok, you can do that. I'll profit your like. Fanks

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