The wealth I eventually acquired from Bitcoin was .......[fill in the blank_________].
Recently, I have been kind of talking like this too, and i think it has been about since $1,000 that I started to fill wealthy and everything after that has been kind of a cushion and icing on the cake.
Before $1k, I remained a bit nervous, even though I felt that I had a good investment, but I felt some insecurity with my cushion, and that I needed to keep prepared for any just in case price drop.
Now at $16k plus, we have like a $16k cushion that can cause use to increasingly refer to our "eventually acquired wealth" as a kind of preparation meets opportunity kind of luck... Yeah, sure there is luck, but we had to prepare for our luck and we also had to identify and seize upon some of the opportunities that were presented to us.
Now, I think that people with 50 or more coins can consider themselves wealthy because if you can mostly hang onto those coins, they are very likely to continue to appreciate and continue to contribute to your wealth.
I am also getting the feeling that people of 20 or more coins are going to soon fall into such a wealth predisposition category, too.
My
faith conviction in the long-term potential of Bitcoin never faltered, even during the darkest days.
The worst was during the spring and summer of 2013 because it was my first deep crash. I missed the great bubble of 2011 but had learned the history and knew it would rise again. The only coins I sold were during the "dead" (LOL) cat bounce when my $155 ask was filled. I immediately placed a $97 bid which was soon filled. After that the 2014-5 downturn was small potatoes.
I haven't sold any coins since except for $150 worth a couple of years ago when I needed pocket cash to buy beers at the ballpark, and then the$6000 worth I sold last week because of a cash emergency and having to honor a commitment. What a mistake. After selling, of course the price skyrocketed. If I'd been able to wait 2 days, I would have gotten $10k instead of $6k.
Now it bugs me that the 50 coins I lost at MtGox are worth over $1mCAD but it helps keep me on an even keel. I still don't think of myself as "rich" despite being a Bitcoin multimillionaire. Maybe after a couple of doublings.
Indeed, anyone with 2 digits of coins can start thinking of themselves as wealthy and those with 3 digits can look forward to being truly rich some day. Those with 4 digits can look toward being very rich and those with 5 or 6 digits (e.g. the Winklevoss twins) will be the new wealthy elites.
Satoshi? Who could possibly deserve it more to be the new Rothschilds?
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