I had looked into Bitcoin back when it was around $1/BTC and thought it was great, tried to mine but it kept giving me errors so I moved on.

Then I read a few articles here and there, read the one about how Bitcoin had gone from pennies to a couple of dollars and how that was a 2000% increase. I tried mining again, it again gave me errors and I moved on.

Then I read an article in June about how it had been worth $10 at the beginning of the month and skyrocketed to $35 before dropping to $20. At that point I knew that I should no longer wait on the sidelines.

I sent out an e-mail to my family telling them that they should seriously check out Bitcoins, as the family geek to the family I was giving them helpful advice, hoping they might invest a little bit and see it go up to $100 or more.

My brother wrote back asking if this was one of those Nigerian scams. I told him a bit about it and he just responded with some Guardian article about how some legislator wanted to ban Bitcoins and how once that was known the price dropped to $17/BTC. I just responded that of course governments will try to make it illegal, it is competition for them. I also mentioned that $17/BTC was up from $10 just a few weeks prior.

My brother-in-law e-mailed me a link to a libertarian talk show that he listens to and said that they talk about Bitcoins once in a while.

I explained to my wife that we needed to get in on Bitcoins now before it goes up any more. She did not understand it but I told her that it would most likely at least double by the end of the year. We have a $35k balloon loan coming up next year and we are racking our brains on how we will pay for it.

I ended up taking $10k from my Roth IRA and buying Bitcoins.