As long as I've remembered, I've wanted to buy a private island. Having a random patch of land somewhere holds almost no appeal, but an island is totally different. An island is like your own little country, with complete control of everything within its borders.
I'd looked at getting an island before. As it turns out, they're not much more expensive than buying normal property. There's a site called Private Islands Online that has a ton of listings, which I'd pored through on many occasions. A problem always arose: the cheap islands are in far away inconvenient spots, and the close islands are all crazy expensive. Buying an island remained a fantasy.
Then, six weeks ago, a good friend of mine sent me a listing to an island in Canada. Wouldn't it be cool to buy an island, he asked? I clicked and was shocked-- Canadian islands are cheap AND close. They may not fit the archetype of the tropical private island, but the climate wasn't why I wanted the island. I wanted to share a miniature country with some friends and see what we could build.
"I am literally 100% on board," I replied back.
In 2009, probably within the first couple months of its existence, I downloaded the Bitcoin client and began mining bitcoins. Back then it was really easy-- you could get hundreds of Bitcoins per week for free, but they weren't worth anything. Not wanting to waste my time, I deleted the Bitcoin client, and any bitcoins I had mined went along with it.
Last March I thought about Bitcoins again and decided to check up on them. As I read about the progress that had taken place in the preceding years and learned more about the technical aspects of Bitcoin, I was blown away. This is going to change the world, I thought.
So I bought a few when they were around $30 a coin, a few more at $80, and then again at $110. I'm not a Bitcoin millionaire or anything awesome like that, but percentage-wise, it's the best return I've ever gotten on anything. In case you don't fanatically check the price like I do, it's at around $825 per coin as I write this.
I'm going to write the rest of this blog post to explain why I think it's important that you buy some Bitcoins, but take it all with a grain of salt. I do know a fair amount about Bitcoin, but I don't know much about investing or, more importantly, your financial situation.