Re: "Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k"
I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment...
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
The difference is with poker people thought they might be able to do the same, but with the Bitcoin situation people will often think: "It's gone up so much, it can't possibly go up any further." This is a key difference so I don't think this will have much effect at all.
The point is it took that to grab people's attention, and get them interested. This story would have been different right after the April crash, but climbing all the way back in 6 months makes it clear that we may be very, very far from the top. I'm talking over a similar span of years... <-- I have to mention this because people on Speculation seemed to have difficulty imagining a time period beyond 2 weeks from any particular date.
