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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 507991 times)
zmeddy
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June 29, 2014, 10:16:21 PM
 #1701

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

You are a romantic!
Money corrupts and absolute power corrupts absolutely!

: )
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June 29, 2014, 10:57:19 PM
 #1702

I'm not too sure I would use the words "confident" and "bitcoin" in the same sentence...
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June 29, 2014, 11:08:28 PM
 #1703

I'm not too sure I would use the words "confident" and "bitcoin" in the same sentence...

Welcome to the forum, confidence about Bitcoin tends to grow over time.  Smiley

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June 30, 2014, 10:15:34 AM
 #1704

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?
Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

It is possible for crypto to be widely used and stay under 100,000$ in 2014$ per BTC for a while so you may become rich in a very long time if you only hold 1BTC

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June 30, 2014, 12:55:59 PM
 #1705

fastest way to raise btc price is displace largest markets (like gold)
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July 01, 2014, 10:24:10 AM
 #1706

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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July 01, 2014, 11:41:22 AM
 #1707

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?
Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known.  It hasn't crossed that line yet though.  The sentiment still seems to be that it is somewhat risky and highly speculative.

When will the masses see the value in holding 1?  I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.  

i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).

I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.

The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.

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July 01, 2014, 09:40:13 PM
 #1708

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).

That itself is one very beneficial outcome.
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July 01, 2014, 09:45:37 PM
 #1709

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).

That itself is one very beneficial outcome.

There has been other projects recently but Bitcoin is the most successful project to achieve this.

Currently held as collateral by monbux
Ron~Popeil
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July 01, 2014, 10:00:51 PM
 #1710

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

The longer they prop it up the more painful it will be when it falls. I must admit I don't talk about it much to anyone. I want more time to accumulate my own before everyone else figures it out.
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July 02, 2014, 12:12:01 AM
 #1711

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?
Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known.  It hasn't crossed that line yet though.  The sentiment still seems to be that it is somewhat risky and highly speculative.

When will the masses see the value in holding 1?  I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.  

i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).

I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.

The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.

More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins

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July 02, 2014, 12:17:44 AM
 #1712

This thread is never going to die!  Grin

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July 02, 2014, 01:06:21 AM
 #1713

This thread is never going to die!  Grin

Atlas threads never die. They just threaten to commit suicide and get banned for life.

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July 02, 2014, 01:37:32 AM
 #1714

I just hope that when we do get to that point, I have a ton of bitcoins sitting in my wallet:)

Sig Space for Rent! PM Me.
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July 02, 2014, 02:44:01 AM
 #1715

This thread is never going to die!  Grin

Atlas threads never die. They just threaten to commit suicide and get banned for life.

Atlas certainly had a lasting impact around here.
Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here.

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July 02, 2014, 02:49:40 AM
 #1716

This thread is never going to die!  Grin

Atlas threads never die. They just threaten to commit suicide and get banned for life.

Atlas certainly had a lasting impact around here.
Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here.

Atlas:

https://litecointalk.org/index.php?topic=41.0

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July 02, 2014, 02:52:16 AM
 #1717

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?
Will if I have lots of BITCOINS, I will first buy clothes, jeans etc. Then buy a house and a car.
Hehe Im just day dreaming. But I'm still looking for a way to earn bitcoins.
bitkilo
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July 02, 2014, 04:21:58 AM
 #1718

I'm as sure as I ever will be that we're on 2 something good here. Bitcoin will last longer than any of us. BTC

 

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Bit_Happy
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July 02, 2014, 04:25:47 AM
 #1719

  • Does everyone feel a bit more "elite" with BTC back over $625?  Smiley



This thread is never going to die!  Grin

Atlas threads never die. They just threaten to commit suicide and get banned for life.

Atlas certainly had a lasting impact around here.
Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here.

Atlas:

https://litecointalk.org/index.php?topic=41.0

Cool, I had not seen that before, thanks.

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July 02, 2014, 04:45:27 AM
 #1720

We surely are the elite!

Not sure if wealthy Smiley

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