Your wish has been granted. Honduras next. I had a copy of this image from Honduras on my wall some years ago:

Even though Bitcoin is rising sharply, it doesn't mean that you wouldn't want to use it as a currency. Think about it:

1) Who wouldn't want to receive bitcoins now if they were fine with them before?
2) Why would you prefer any other form of payment if you would have to pay someone?

What the OP graph really tells us for the recent days is that cash is flowing in much, much more than out. It doesn't really tell anything about being at a turning point or not. A whopping one preceding incident of money flow meeting price equaling crash doesn't establish a pattern. No matter how cool of an arc the data draws.

Disclaimer: this doesn't mean that it couldn't be a turning point. I'm not in the business of proving negatives.

Got independence from Ethiopia in 1993, has had a lot of tension with Ethiopia about the border lines.

I like your style, you don't take the easy route and lowball it. I'll say I'm very a little hardly surprised if we touch $440 within a month but it would still be so sick. I'd rather go for $260.

EDIT: Didn't realize this thread was a bit older.

Common mistake is to assess market price based only on current value without taking into account estimations of future value. You shouldn't make investment decisions considering only the bubble that is the present.

I'm in the same boat as you (except I'm lucky to not have any debt). What I'm going to do is lighten up the load by 10% when that is enough to recoup my initial investment. My mean buy price is $20 so there's still a bit to go. Then I'll make my next game plan.

When doing my first investment at the turn of the year, I decided that I will hold for 1yr and see where we are at that point and make plans accordingly, unless there's a big change in fundamentals that shakes my beliefin bitcoin. I also made half-jokingly a plan that if the value increases tenfold, I will cash out my initial investment because the hit to my BTC portfolio will be relatively small for the gains I get in fiat in that point.

Sure, if btc goes up another 10x I only get a 9x growth at that point, but hey - you can't have your cake and eat it too.

I know you might already be beyond the 10x threshold, but I feel like mine is a solid plan. I'll invest the cashed out portion to some more stable instruments.

Well, it didn't happen in March, but 80% got it right. Congrats everyone!

Bitcointalk is a very small minority of bitcoin holders. It's a big world out there.

It's Easter now, which is a massive (western) worldwide holiday. A lot of people travel or spend a lot of time with their families during Easter, and banks are on holiday as well.

If you look at bitcoincharts ( http://www.bitcoincharts.com/charts/mtgoxUSD#rg5ztgOzm1g10zm2g25zv ) you'll see that the action starts to quiet down on Good Friday, when people get do their last moves before going for a holiday, and then basically dies for the weekend with lower volumes than during normal weekends. There is no cash flowing in due to banks being closed and people are 'offline' due to being on vacation. As the exhanges are online, I am a bit surprised the price hasn't gone down, since people do have the chance of selling while new money is not available.

On monday the action will likely pick up a little bit, but it's still a western holiday so it'll probably be much quieter than a normal monday. Come tuesday, the game is back on. Even as us geeks spend loads of time online 24/7 and here in bitcointalk it's fun to look at how the coin is doing, it doesn't mean the rest of the world has got nothing better to do during holidays.

The lower volumes can be explained by the holidays, not by us being close to $100.

It is simple. Doesn't mean you got it right tho.

Yes, log scale is relative in the sense that at a fixed slope the relative growth for any time point is the same as any other time point.

1 to 10 has the same height on the y-axis as 10 to 100 etc

To be precise, the relativity is a feature of a lin-log scale, that is, one axis is linear (time) and other axis is logarithmic (price)

ceveden, Bitcoin's M0 is also its M1, M2 and M3.

That's not the long-haul club, that's cashing out and leaving a nominal amount to bitcoin just so you can say you're still invested.

The higher the value of Bitcoin rises, the smaller relative changes in value are. At $10 000 per bitcoin a change of $10 in BTC price is 0.1% in total value. Any shop understanding this will understand that they have minimal risk in accepting bitcoin, as it is likely to go up in value, not down. So if they don't update their prices that often, they usually get extra money.

This is one of the reasons why buying BTC now is such a good thing. There's only two possible outcomes: $0 or A LOT.

The active thread titles and general content of replies point to a shift in attitudes. The exact reaction to this poll, sure I don't know what it would've been, but there's clearly been an attitude change from two weeks ago.

Kind of expected this shift in attitudes here. Talking about a $30 increase in price within a month seems like nothing now .. so far only 10% think it's not gonna happen.

Two weeks ago, or even a week ago the reaction would've been quite different I believe.

Likewise.