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Author Topic: Wish I had seen the potential in 2009  (Read 2004 times)
crypto_girl
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December 22, 2013, 02:55:51 PM
 #41

I think $1,000 marks the end of the early adopter phase.  Today most people in the world can afford to buy one bitcoin.  When it's worth millions of dollars, they will be multi-millionaires.

No point crying over not seeing the potential sooner.  Just buy now (5% of your net worth is a good amount), and hold for the long term.  In 10 years you'll either be very rich, or if bitcoin fails, at least you won't have lost much on the experiment.

+1 I'm doing this with NXT. Spend only what you can afford to lose!
durppa
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December 22, 2013, 02:58:28 PM
 #42

I also remember reading about bitcoin the first time from some IT-related forums around 2010. I wish I had spent more time to research the idea and understand it back then. I just remember being confused about people buying graphics card to "mine" some digital coins.
mareyx
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December 22, 2013, 03:05:15 PM
 #43

Don't we all, then again, people are regretting not investing in bitcoin earlier this year. Better late than never. I remember hearing about Bitcoins for the first time a few years ago when they were a few cents each.
Oh well, here's to hoping Doge or NXT takes off Smiley
zubelutte
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December 22, 2013, 03:11:43 PM
 #44

I dont think Bitcoin success can be repeated with any altcoin. Not many people know about Bitcoin and even less use it, so I believe Bitcoin is still in early stage
fionnlagh
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December 22, 2013, 03:26:08 PM
 #45

Hey..

I could bite my own butt...
I already heared something about bitcoins in 2009, too. First, I thought its like a joke, a proof of concept thing that would never be worth anything.
Then, in 2013 this currency became so popular.. I know someone irl who is now a millionaire because he was such a nerd and started investing in bitcoins early enough.
If there would be a possibility to travel time backwards, I would use it to invest in bitcoins  early enough  Cheesy

Post-Scriptum & Off Topic:
This is actually my second post, this site just began to glitch around a bit after I pressed the "post" button, showing me a database error. My Post , of course, hadn't been posted, but after reposting, it showed me that I already posted something.  Angry dat ddos?
zubelutte
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December 22, 2013, 03:32:51 PM
 #46

I could bite my own butt...
I already heared something about bitcoins in 2009, too. First, I thought its like a joke, a proof of concept thing that would never be worth anything.
Then, in 2013 this currency became so popular.. I know someone irl who is now a millionaire because he was such a nerd and started investing in bitcoins early enough.
If there would be a possibility to travel time backwards, I would use it to invest in bitcoins  early enough  Cheesy

So you still think Bitcoin is useless and you just see the investing potential  Huh
Anon136
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December 22, 2013, 03:46:09 PM
 #47

what is this NXT?
The second altcoin to actually be unique from bitcoin (the first being peercoin). NXT is 100% proof of stake, but unlike peercoin a stakeholder cant simply spend his stake to make blocks. Rather block authors are randomly selected from the pool of every single person who owns NXT and the more nxt you own the higher your chances. Sort of a way to think of it like the currency is both how much money you have and ALSO how much mhash/s you have.

This has many advantages. If a wealthy attacker (say a western government) wanted to attack bitcoin than they could contract with intel to build ASIC's that would murder us for a few billion dollars. The only way to to do the same with NXT would be to buy a ton of NXT which would have the opposite effect of what they want, they dont want the price going up. With proof of work hashing efficiency scales logarithmically with investment in infrastructure. In lay-terms that means a person who invests 10billion in mining infrastructure will be able to produce significantly more than 10 times as much hashing power as someone who has invested 1 billion. Also it doesn't waste a huge amount of resources. Also the blocks can come in faster and be larger with out worrying about pressure towards centralization.

Ok thats enough for now i dont want to talk your ear off. But look into it. It's really quite fascinating and, i think, the first altcoin to be truely different from bitcoin without being broken.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
ivygale123
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December 23, 2013, 02:46:21 PM
 #48

I only heard about bitcoins quite recently, but still most people I know have only a vague knowledge of them at most. Still plenty of growth left I think, before it settles as a regular currency.
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