This is potentially a dangerous time. People on this forum could see, and lose, life changing fortunes. Have a plan motherfuckers and stick to it. If you don’t have a plan now, make one now and write it down and then execute it. Your plan needs to include the possibility that Bitcoin goes beyond levels you have dreamed about - don’t sell yourself short.
Not a bad idea: I always recommend writing down lines one will not cross when starting a new venture. That way when you get into the thick of it and start having the "normalization of deviance" errors you can look at the paper and decide if really "this time it's different".
I got into bitcoin because I saw a system whereby one could receive payments from anyone in the world for services rendered. No local money changers, no real wire fees, chargebacks, days to clear a transaction. I built a little business on this very model and hopefully helped others and the bitcoin ecosystem.
I didn't really get into it to turn it all into fiat, my belief was the business would have to pay for itself (thus I paid for supplies and such in fiat cashed coin) with the rest being kind of like the gold in Galt's Gulch. Where similar minded people could trade bitcoins as a proxy for services totally independent of the "real world money".
I also liked that no one could fuck with the value by printing more coins or reversing transactions on a whim. This is why I believe Ethereum is poison (that stunt they did with the DAO showed what they really are) and why I still hold some ETC (because although a totally different thing from Bitcoin it's still a neat concept).
Never got into it to hide wealth from TPTB or avoid taxes. Taxes are the cost of living in a civilized society and I personally find it to be an excellent investment. Better investment than yet more .50 cal firearms and flamethrowers.
Now.... Well if bitcoin becomes regulated to the point where you need to go through a "money transfer broker" to move funds, where private ownership is outlawed, where you get a scrip for dollars and your real bitcoin can be "lent out to increase the supply", where your transactions can be reversed at the whim of a Govt official, then Bitcoin will no longer be what I believed it to be. That's a line I don't think I will cross no matter how much it is "worth"
Because at that point it ceases to be a real and objective unit of value and is just more shitty fiat which will be manipulated by TPTB for the "common good".
Fuck that.
