<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span style="font-family: Arial; font-size: 13px;">Brent Allsop <brent.allsop@canonizer.com> wrote:</span><br></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">> It could </span><span style="font-size: 12pt;">become the Mother of all Ponzi schemes. </span></div><div style="color: rgb(0, 0, 0); font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span
style="font-size: 12pt;"><br></span></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">Ponzi schemes, normally understood, involve early investors being paid with the investments of late investors. That is not happening with bitcoin.</span></div><div style="color: rgb(0, 0, 0); font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="background-color: transparent; font-size: 12pt;">> If you project the current </span><span style="font-size: 12pt;">growth rates at all, it seems very
likely that a single Bitcoin </span><span style="background-color: transparent; font-size: 12pt;">could be </span><span style="background-color: transparent; font-size: 12pt;">worth over </span></div><div style="color: rgb(0, 0, 0); font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="background-color: transparent; font-size: 12pt;">a $ million within 5 years. And a good possibility that that </span><span style="font-size: 12pt;">will be just the start.<</span></div><div style="color: rgb(0, 0, 0); font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style:
normal;"><span style="font-size: 12pt;">I hope you're right!</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div class="y_msg_container"><span style="font-size: 12pt;"><br></span></div><div class="y_msg_container"><span style="font-size: 12pt;">> I've canonized a first draft of my </span><span style="font-size: 12pt;">thoughts about Bitcoins, and their future in a "Currency Expert Survey </span><span style="font-size: 12pt;">Project" </span><span style="font-size: 12pt;">See: </span><a href="http://canonizer.com/topic.asp/155" target="_blank" style="font-size: 12pt;">http://canonizer.com/topic.asp/155</a><</div><div class="y_msg_container"><br></div><div class="y_msg_container">Interesting project. I might contribute if I find the time.</div><div class="y_msg_container"><br>> How many of you
own bitcoins? Anyone Mining bitcoins? and what do all of you think the value of a Bitcoin will be in one year?:<</div><div class="y_msg_container"><br></div><div class="y_msg_container">I followed Bitcoin casually from its inception, but (regrettably) did not take it seriously until only recently, when the total capitalization broke above 1 billion USD. I invested on three separate occasions after the market corrected. I'm happy with my average price, which is below the current market. </div><div class="y_msg_container"><span style="font-size: 12pt;"><br></span></div><div class="y_msg_container"><span style="font-size: 12pt;">The longer term charts would seem to indicate that the price is currently completing a consolidation pattern with the price fairly stable around $122 +/- $5 or so. If the price breaks higher here, to about $130-$135, especially on high volume, I would guess then that it might rise again in the next year to
something near its all time high of about $260. If it instead breaks to do the downside then I would be concerned about the next year or so. Of course this is all predicated on the validity the science (art?) of technical analysis of price trends, which might be akin to reading tea leaves. If anyone has developed a model for doing fundamental analysis of bitcoin prices then I would be interested in hearing about it.</span></div><div class="y_msg_container"><br>> I know all of you are very intelligent Bitcoin experts</div><div class="y_msg_container"><br></div><div class="y_msg_container">I do not consider myself an expert in Bitcoin, but I do have a lot of experience trading and investing in other markets. I spent many years as an investment adviser. I happen also be something of a geek, and so here I am with a position in bitcoins. :)</div><div class="y_msg_container"><br></div><div class="y_msg_container">Gordon</div> </div> </div>
</div></body></html>