Bitcoin Forum

When Bitcoins first started, it was seen as a form of geeky adventure. Nerds and geeks were viewed by non-IT people with different lens. But perhaps those nerds and geeks who started mining for fun half a decade ago and hoarded thousands of bitcoins are now the new millionaires.

Who's laughing now? Perhaps the overweight geeks hiding in the basements with thousands of bitcoins will be overwhelmed by hot chicks in this time and age

Well we can all dream, right?

Don't know how many people still have coins mined in 2009-2010.  That guy paid 10k btc for a pizza, and that's basically how bitcoin was viewed back then.   And if there are btc millionaires because of holding coins for years, I haven't seen any here.

At least there's a publicized case:

https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home

Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k

"Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. "

Those who owns btc businesses today are those early adopters back then. if you have an employer who pays you btc every hour, then he musht be one of those guys who mine btc years ago.
There are few that we can see here with legendary ranking registered since then.

I agree with TS that the geeks has an advantage in the advent of digital age. They spend most of their time online, finding opportunities and tinkering the technology.It started from Bill gates? and other tech giant who are now living the life of their dreams ;)

I read his story :) Paying 10k BTC for a pizza.  Now at the price value of BTC reaches $700+ its almost equal to $7,000,000 for Pizza! The most expensive maybe in the world.

How many of these legends are still active, or has access to their keys, or remain in the technology sectors?

10k BTC = $7,560,000 - Current market value 7.5 Million :)   (It was also two pizzas not one)

I don't think there are that many BTC millionaires tbh. I think most got out a long time ago.

why should hot girls fuck with geeks?

Oh yes the Money. In what do you care about in Love? The Money =) ?

I wouldn't give credit to bill Gates on this matter,as he's irrelevant to bitcoin in the greater scheme of things.

And those who pay their employees in BTC don't necessarily have to have been early adopters - just smart lads and lasses :) 

I'm wondering why I'm not yet rich. Soon maybe?

I am afraid that for anyone who joined bitcoin hype train after MtGox collapse and that historical ATH in 2013/14 is not 'early adopter' anymore.
Bitcoin is still young, so maybe in the future my 1 BTC will be worth $100.000 or some crazy amount. I certainly won't be a millionaire though.

I think through the many ups and downs since bitcoin was given a price, many early holders might have sold their coins when they came across the "all-time high", without knowing the higher price in the future. I guess very few of them still holding their coins. So we might just see a few sudden multibillionaires pop up.

However, they will eventually need to spend those coins right? I guess this will help to redistribute those early coins to the late adopters.

This is true if you get in on the trend, I only found out about bitcoin through my wife and she is so gutted and cannot forgive herself for not buying a few hundred bitcoin when it was worth only a dollar at the time. I don't think she will ever quite get over that sigh.

Yeah Right...Thanks for the correction, already edited :) So much changes this bitcoin brings to our society, it create also an inspiration to other "geeks" to create their own altcoin. It also open a job opportunity like Cryptocurrency developer,Smart/block chain expert,smart contract etc ...

someone in the range of 10k-100k coin can still have at least half, which is still huge, i doubt they sold everything if they were really that smart

early adopter are still out there, waiting for better value to dump

The litmus test will be this halving. Will we see more multimillionaire or even billionaires born? :)

The world's richest person, Bill Gates is supposed to be a geek, and if that label are being applied to people with knowledge, I would gladly wear that label and earn that kind of money, if that is what a geek is supposed to look like. We throw labels around without even thinking and we hurt other people's feelings. ^hmmmm^

I agree that they are new millionaire at this generation , and it is funny if you will imagine that the just started bitcoin and mining for fun and didnt know that it will go popular and will be used by many people around the world and then the price will go to it higher level so how can you imagine that they can be a millionaire because of the fun that they've just done  ;D

All going well hopefully everyone using bitcoin now can be classed as really adopter but it seems unrealistic now to expect bitcoin to rise up to 100k or even 10k. Probably the only millionaires will be those few left with 100s or even 1000s of coins.

Bill Gates should probably best best remembered as a thief, didn't he steal the windows OS from Steve Jobs?

I'm guessing these girls could be called bitcoin digger now instead of gold diggers  :D

Thats common in btc world. Those bitcoiners doesnt really saying how many btc they have. Just like here in forum. Theres only few saying that they are  holding 10-20btc above(trollers aside) then what would you expect from those holders of thousand btc. They dont want others to know maybe for security purposes prevent hackers to focus on them I guess.

i know some quote on picture or t-shirt "geek is new sexy" i know its not make sense,but actually geek have more informations and passion into new technology and anything related news in this world,and one doesn't simply,being a geek with bastard soul ;D

A nice tipic to start with there are always some geeks that are going to be a milionair because they are using the bitcoins the right way. Off course would younger people understand it better than older ones.

That geeks are also go with the flow person, if he/she doesn't it wouldn't cause the persons to be millionaires such luck did exist if so. Who knows that this time is our timeline to become millionaires.

The IT industry harbors some of the highest paying jobs in the world and this pertains not only to Bitcoin but also to all of the diverse array of specializations in the IT sector. Being self-employed and working from home having an IT job can pay as good as working a 9 to 5 job carrying a briefcase and whoever took advantage of Bitcoin when it was still emerging, is now laughing all the way to the bank cashing out their coins while the pessimistic onlookers are kicking themselves for not investing into Bitcoin. However there are also other people from different walks of life other than IT who also invested into Bitcoin early and are now reaping the rewards. We should work smarter not harder  ;)

the geeks whose have a chance to be a millionaire is those geeks whose early or elder on this digital world, still have so damn much concept which not being realized yet and it's a chance,it's not like today,all concept already being realized and fulfilled so there's only small chance to be success,guess i was born too late

geek word catch widest meaning that what you though on your post above,if you're geek doesn't mean you're that advanced on technology because geek is definitely about people who really get into thing that they liked not only technology

It's basically a repetition of the mid-nineties software and Internet boom. A significant number of today's richest individuals laid the foundations of their fortune during these times. Rich people often did something radically new or unconventional in their life and had the strength to persist despite social rejection. Every innovation needs a vanguard that scouts the terrain and prepares it for the rank and file.


Not if they keep hiding... :D Personally I don't think that most Bitcoin geeks are overweight. I also don't think that Bitcoiners will easily let go of their precious coins just to impress some chicks that are pure gold-diggers. The early Bitcoiners are way too intelligent for such things...

ya.ya.yo!

an early adopter of bitcoin that we are talking about here is someone who started mining bitcoin when it was worthless (<$0.1) and did it for just fun and maybe because they like the technology, these kind of people are not thinking about "dumping" as you and me. they are still interested in the technology and are using bitcoin.

Yes, this is the true fact. First miners get a lot of bitcoins, so they are very rich now.  ;)

None of those geeks never thought that bitcoin price will  be at 1000$=btc.
All they know bitcoin is just for fun.

|Ï dont think only the geeks will have allot to say into this digital age because geeks already know allot about the bitcoin does not mean we cant.

Its crazy to think that There were so many people at that time that had so many btc.. if i had paid 10k btc for a pizza i would totally dig a hole in the ground and just bury myself there

I had a friend from Japan who held on to his coins from since then, he had nearly 80k bitcoins and he saw the opportunity and sold most of his bitcoins slowly back at 2013 and he's got a pretty good house out of that.

Hey, there are many of them driving luxurious cars and paid off their bonds with their Bitcoin holdings. You should ask your friend to write us an anonymous article to promote Bitcoin to others. We

need some positive stories and things like this to boost adoption. You never know, the person buying some Bitcoins today, might just be that friend you are talking about now, in the future. It takes

a lot of faith to invest in a unproven technology or a new commodity. Geeks rule the World!!!!!

Other people didn't expected this, not only in bitcoin but in the technology sector many people have become millionaire even billionarie like Satoshi, Mark Zuckerberg etc, we don't know what will happen after half a decade.

Im no early adopter but Id guess my story holds true for a majority of users who were.

I joined in 2012, after the first bubble to $32, with a price of about $5-7 per bitcoin. At the time I hadnt bought any, only mined, but at one point I remember adding up all the coins I had ever owned and it was around 200 (not a lot but Id like to have them all back now). When the price went to $30 I got excited and sold some. Then it went to $100 and I sold more, then $200 and I sold, etc etc etc... At some point I realized my mistake and started buying back coins. Im still very very far from the 200 I once had but I also am now invested in more than just BTC.

I assume most people who have been active the entire time sold a majority of their coins early and now wish they hadnt. The ones who managed to keep the coins probably lost/forgot about bitcoin for awhile and are now very happy or just got lucky and held on through it all.

Nope.  Geeks are not the new millionaires.  Sorry.

Everyone wants to work on the computer these days.
If you are a geek now, you are late to the party.
Every dork and his grandma are trying to be web
developers.

You know who makes good money now?  Plumbers
and electricians.  Skilled labor.  etc.   They are making
big bucks because they have rare skills. 

Jobs in computer science are keeping up with the influx of people going into computer science majors. Most won't be "millionaires" but it's still a profitable and growing field.

I dont think we actually even have enough geeks left to bring into bitcoin, were at that time now where we need to be bringing in more mainstream people to the bitcoin world, and what this means is were probably going to have to get a much more simplified wallet, one that you cant really go wrong with. As soon as someone trys bitcoin and they lose a loads of money it pretty much ends their experience with btc.

They may be now millionaire if they haven't sold all of their bitcoin when price goto 100$ or so and the ones who have bought those cheap must be elite traders and holding all of those strongly till now are new millionaires.  ;D

I don't buy that at all. When entire countries have one Bitcoin ATM I think that tells you how early in the game this still is. I'm not convinced we're even in the early adopter phase yet if you consider where it might eventually end up.

As for whether our original big swinging dicks are around, there were so many scams, hardware failures and other disasters in the early days that I'm sure more than a few were wiped out. The ones who came along post 2011/12 with deep pockets probably did a far better job of managing what they obtained.

If the bitcoin has a bright future, the price can reach $100k without any problem. It will just take some time to reach that.

You need to remember that most people see no need for bitcoin,  these people are happy using paypal and banks,  it's going to take some time for people to want a reason to buy into bitcoin.  The only way i can see that happen for people who are not too tech savy is if they realise that it can be a good store of value,  after  buying some they can then also use it to buy a few things after they make a profit.

Dream the impossible. For all that holds the bitcoin while his appearance would have been selling some or most of the coins. Because the first time, performing mining bitcoin is easy and free. And he can get a few tens of thousands in a single performing mining. It is possible that they now only holds less than 1000 BTC

This will have to change at some point. Almost daily I see 'bank X investment scandal, tricked customers on purpose'-style titles. All that is needed is to present bitcoin as an actually working alternative at the right time(once/if scaling gets fixed).

Shhh. we dont need everyone know that all us nerds are now super wealthy.

But how do we know whether all the early adopters were geeks or not? I mean there could have been people who were interested in the general concept of Bitcoin and decided to buy a bunch of coins when they costed mere pennies. I am not convinced that all the early adopters were miners. I know people who are not IT specialists by trade but still they have a thing about investing in things and Bitcoin after all is still a commodity so it's not like only geeks knew about that and found the holy grail. Also that generalization for geeks being overweight and living in their moms' basements is so last year  ;D

Plumbers and sparkies have always made good money here after they finish their apprenticeship.
I don't know how much schooling a pharmacist has to go through but you would think that they would earn a pretty good wage well not so here in Australia, apparently there is a massive over supply of them.
http://www.payscale.com/research/AU/Job=Pharmacist/Hourly_Rate

Haha. Come on. I hope i did not hurt your feelings. If you are loaded, who cares about how others label you? :)

It depends on which part of the world you are from. In Asian societies, plumbers, electricians and mechaniacs and skilled workers are considered low end blue collar jobs and they are paid very lowly, compared to engineers. Being an electrician or plumber infers the person has low educational qualifications, and Asian societies correlate educational qualifications with payscale.

But in western societies that I have been to, plumbers, electricians, and mechanics are well paying jobs whose salary scale surpasses engineers and white collar roles.

You seem to be very slow to pick up on whats now been the situation for many years
who you call geeks, most will call programmers or coders
and potential of earnings for compitent programmers is unlimited

but you are now very very late to the party, like others mentioned too many at it these days so you need to have exceptional work and workrate to stand out from the crowd

Just look what 2 "geeks" in a garage done in 1997

this day and age is indeed the age of the geek :)
with the advancement in the technology the future is going be filled with all the new technology and bitcoin is one of those and those who are using it now are the pioneers in this revolution.

in America 25 years ago it was considered blue collar and didnt pay that well.  Today is different.

Programmers and coders were one of the lowest form of IT jobs apart from from tech support in some societies I have been to more than a decade ago.

Now programmers and coders in those same societies are highly sought after. The world has changed.

You need not be a geek to become millionaire with bitcoin IMHO.

I know a guy who have minimum 100 BTC right now in his cold storage. But he bought coins in 2013 and when the price hit $1.2k. I urged him to sell off his coins when the price was ~$800 to buy back at lower prices. But he refused to sell at those prices levels and when the price fell at 2013 and early 2014 he again bought more coins to average his buying prices.

Now I do not know how much coins he has, but I am sure he must have become millionaire for the faith he has on bitcoin.

well, that's true.
it has always been like this when you adopt a new technology which is also good and have a lot of potential you can gain a lot of profit by just being early.
this is not only restricted to bitcoin but also true about any other good investment opportunity, we have all seen google, apple, and a lot other companies that started very small and simple and in no time they grew to be the most valuable assets in the world.
and I believe that bitcoin is just like that and despite all these rises it is still so cheap and will grow up to be one of the biggest investments of out time.

gotta agree, Miranda kerr was with that one actor and now
she is dating the dude who created twitter I think...

there is no way that tool pulls miranda kerr otherwise

Im actually surprised that at this point in time wall street havent stepped in and taken over the whole bitcoin game, These guys have got as lot of money to throw and things like this but maybe the problem is that they just dont know how to work it properly, Im sure price stability has nothing to do with it because wall street is a big gamble. maybe this is one of the things we will see happen in the close future.

You must be in some socities that are also behind the times, also its not finding people for the IT work but finding capable people,
and if you are a good programmer you will not work for cheap or will not work for others.
Of course programmers would be highly sought after if any of those that actually know what they are doing know they could be earning more elsewhere or by themselves, also these jobs werent needed by companies a decade ago.

The thread is not about the current demand for IT jobs, but the amount "geeks" can potentially earn.

What if they have already done so through multiple layers of VC or funds? Unless one goes all the way to do some digging, one will be unable to uncloak the secrecy of VCs.