Bitcoin Forum
October 21, 2017, 07:01:02 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 [94] 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 ... 191 »
  Print  
Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 598694 times)
btclegonaire
Newbie
*
Offline Offline

Activity: 28


View Profile
September 24, 2014, 05:14:06 PM
 #1861

hopefully one day i will myself be a self made millionaire due to bitcoin, lets hope for the best because ive diserved it , its been a long time coming
1508569262
Hero Member
*
Offline Offline

Posts: 1508569262

View Profile Personal Message (Offline)

Ignore
1508569262
Reply with quote  #2

1508569262
Report to moderator
1508569262
Hero Member
*
Offline Offline

Posts: 1508569262

View Profile Personal Message (Offline)

Ignore
1508569262
Reply with quote  #2

1508569262
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508569262
Hero Member
*
Offline Offline

Posts: 1508569262

View Profile Personal Message (Offline)

Ignore
1508569262
Reply with quote  #2

1508569262
Report to moderator
1508569262
Hero Member
*
Offline Offline

Posts: 1508569262

View Profile Personal Message (Offline)

Ignore
1508569262
Reply with quote  #2

1508569262
Report to moderator
Dafar
Legendary
*
Offline Offline

Activity: 1302


dafar consulting


View Profile
September 24, 2014, 05:55:51 PM
 #1862

hopefully one day i will myself be a self made millionaire due to bitcoin, lets hope for the best because ive diserved it , its been a long time coming

you can't even spell deserve, so no you don't




███████████
███████████████
█████████████████████
█████████████████████████
█████████████████████████████████
██████████████████████████████████
██████████████████████████████████████
███████████████░████░░███████████████████
██████████████░░█░░█░█░░█░░██████████████
██████████████░░█░░█░█░░█░███████████████
█████████████████████████████████████████
███████████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████████
██████████████████████████████████
█████████████████████████████████
█████████████████████████
█████████████████████
███████████████
██████████
|
|
|
professionalboatmisser
Newbie
*
Offline Offline

Activity: 14


View Profile
September 24, 2014, 06:00:04 PM
 #1863

hopefully one day i will myself be a self made millionaire due to bitcoin, lets hope for the best because ive diserved it , its been a long time coming

How many bitcoin do you have? Im afraid we'll die poor, unless 1BTC = 100K or so, which it's not gonna happen, if you are realistic about things. You can't expect such price rise anymore. We are boat missers.
5000Bitcoins
Full Member
***
Offline Offline

Activity: 182


View Profile WWW
September 24, 2014, 06:09:57 PM
 #1864

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

▓▓▓▀▀▀▀▀▀▀▀▀▀▀▀▀▀                        Uniting crypto, Rewarding talent, Sharing benefits.                                       ▓▓▓▓
▓▓▓▓         S   U   P   E   R   N   E   T
                                                                                                                        ▓▓▓
▓▓▓▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    
  Blockchain Technology.        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▓▓▓
professionalboatmisser
Newbie
*
Offline Offline

Activity: 14


View Profile
September 24, 2014, 07:44:03 PM
 #1865

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

Damn, do you own 5000 BTC? How many did you buy at $3? and how did you buy Bitcoin back then? what exchanges did exists? I wish I was as lucky Sad
Scamalert
Hero Member
*****
Offline Offline

Activity: 491


Captain


View Profile
September 24, 2014, 07:46:41 PM
 #1866

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

I would believe you if you can provide an addy and signed message of this text string.
kingscrown
Hero Member
*****
Offline Offline

Activity: 672


http://fuk.io - check it out!


View Profile WWW
September 25, 2014, 12:51:55 AM
 #1867

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

and you have such new account? Smiley

poxie
Newbie
*
Offline Offline

Activity: 21


View Profile
September 25, 2014, 02:20:00 AM
 #1868

 Shocked Shocked is it true we will become wealthy?
JayJuanGee
Legendary
*
Offline Offline

Activity: 1316


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
September 25, 2014, 02:43:17 AM
 #1869

Shocked Shocked is it true we will become wealthy?

If you are a gentleman, yes.  Otherwise, i'm NOT sure.

Bicknellski
Hero Member
*****
Offline Offline

Activity: 924



View Profile
September 25, 2014, 03:02:27 AM
 #1870

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?

Dare to believe.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
5000Bitcoins
Full Member
***
Offline Offline

Activity: 182


View Profile WWW
September 25, 2014, 06:01:36 AM
 #1871

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

Damn, do you own 5000 BTC? How many did you buy at $3? and how did you buy Bitcoin back then? what exchanges did exists? I wish I was as lucky Sad

I don't. I cashed out a lot way too early because I wanted to start my own company. I've had it, but then it wasn't worth $420.   Smiley


Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

I would believe you if you can provide an addy and signed message of this text string.


blah blah blah, it is more likely I give you a toiletpaper with my shit on it.  

▓▓▓▀▀▀▀▀▀▀▀▀▀▀▀▀▀                        Uniting crypto, Rewarding talent, Sharing benefits.                                       ▓▓▓▓
▓▓▓▓         S   U   P   E   R   N   E   T
                                                                                                                        ▓▓▓
▓▓▓▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    
  Blockchain Technology.        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▓▓▓
5000Bitcoins
Full Member
***
Offline Offline

Activity: 182


View Profile WWW
September 25, 2014, 06:03:47 AM
 #1872

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

and you have such new account? Smiley

yep if I had a member status I would have 5,00000,000000 bitcoins...  Roll Eyes

▓▓▓▀▀▀▀▀▀▀▀▀▀▀▀▀▀                        Uniting crypto, Rewarding talent, Sharing benefits.                                       ▓▓▓▓
▓▓▓▓         S   U   P   E   R   N   E   T
                                                                                                                        ▓▓▓
▓▓▓▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    
  Blockchain Technology.        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▓▓▓
Scamalert
Hero Member
*****
Offline Offline

Activity: 491


Captain


View Profile
September 25, 2014, 07:48:01 AM
 #1873

Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

Damn, do you own 5000 BTC? How many did you buy at $3? and how did you buy Bitcoin back then? what exchanges did exists? I wish I was as lucky Sad

I don't. I cashed out a lot way too early because I wanted to start my own company. I've had it, but then it wasn't worth $420.   Smiley


Indeed - I first bought BTC when it was $3.

Up to date I maybe convert $35k a month to BTC, when I feel price is unjustified. Also to invest a portion of it in NXT and XCR.
I just see no reason to hold fiat after I take out salary from my own company. Right now I only need it to buy necesseties such as rent and groceries.

Also I was going to buy XMR, but I think the community is frightening and the FUD just got me not wanting to buy any.

I would believe you if you can provide an addy and signed message of this text string.


blah blah blah, it is more likely I give you a toiletpaper with my shit on it.  

chopstick
Legendary
*
Offline Offline

Activity: 989


View Profile
September 25, 2014, 02:39:08 PM
 #1874


The difficulty is now too high for investments in mining to really be profitable unless you do it really big... which most people cannot afford to do..

Honestly I can make 100 or 200 per day selling BTC on localbitcoins.com, which I think is a lot more profitable and less risky than mining.


Do you buy from exchanges and sell locally?

Coinbase and sell locally/online.

I would actually make a lot more $ if I didn't have to wait 4 damn business days between purchases.

It is possible to wire $ to an exchange but you still have to wait 2-3 days for the wire to go through and it is possible the price could rise before then, causing a loss on the trade.

You're eventually going to get caught and prosecuted for money laundering and unlicensed money transmitting. I hope you're not in the US.

http://www.fincen.gov/statutes_regs/bsa/title18b.html

In my opinion, this is  just paranoia.

I don't even make 50k per year profit doing this. There are hundreds, if not thousands of people doing the exact same thing as I am, and a lot of them are professional full-time traders that don't have any problems.

And out of these thousands of people the only 2 cases we know about are the 2 in Florida.. who were both very high volume sellers, and who were also set-up by the cops where they apparently mentioned illegal activities (using stolen credit cards etc...) so obviously if you are a BTC seller you must not under any circumstances sell BTC to someone who mentions illegal activity.

Now, if we see a major crackdown on the  "unlicensed money transmitters" then things might change, and it would have a big impact on this whole industry. I think the outcome of the cases mentioned above, will have implications for the future on this.

But as it stands, I don't think a small fry like myself has much to worry about as long as I pay my frickin' taxes like everybody else.
QuestionAuthority
Legendary
*
Offline Offline

Activity: 1666


You lead and I'll watch you walk away.


View Profile
September 25, 2014, 04:44:39 PM
 #1875

                      /\
                       |
                       |
                       |
                       |
                      \/

sad days when people are too scared of their govt. to trade a few bits of harmless electronic data between them without threat of jail time ... is it really this bad?


Yes, Marcus... that's kinda my point.

The original poster IS correct that trading a little btc person to person for cash from time to time actually does seem to be a decent way to make a little profit from holding bitcoin and being involved in the "BTC Scene" these days... especially as the price has been dipping last few months and we're all WAITING for the next big run-up to finally get started.

More people doing this also could enable MORE people to EASILY get a little bitcoin, getting MORE folks started using it and learning about it all and how it all works.  If that happened, it would help the overall bitcoin economy grow, and THAT in turn would improve the odds of the price increase we all want to see, actually happening.

But it seems like the "OMG If I Sell BTC For Cash Then Big Bad Scary John Law Is Gonna Break Down My Door And Throw My Ass In Federal Prison" kind of irrational fear is preventing more people from considering actually doing this.

What I wanna know is very simple: IS this fear really grounded in reality? or is it just as you say, people are "too scared of their govt"?  Huh

It's not really an irrational fear but it's doubtful it will happen on really small amounts. It's just like all the thousands of people that used Silk Road to buy marijuana. Is it technically illegal - yes. Is the government going to go after you for buying a small quantity for personal use - probably not.

In order to exchange dollars for Bitcoin you need to have a license and follow AML/KYC laws. One of the great Bitcoin pioneers, Charlie Shrem, is going to jail because he did it but he was a big fish. You are a baby minnow. They won't do anything unless you rub their nose in it or they want you for something else and that's just a charge they tack on (don't smoke a joint in a police station go to the park around the corner).


jbreher
Legendary
*
Offline Offline

Activity: 1806


lose: unfind ... loose: untight


View Profile
September 25, 2014, 11:15:09 PM
 #1876

Will anybody here keep mining a $350 bitcoin? A $100 bitcoin? Thoughts?

The economics are clear. As long as there is someone, somewhere - anyone, anywhere - who wants to transact in Bitcoin, there will be a profit to be made in mining. Change in difficulty is designed to scale not only up, but down as well.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
Tirapon
Hero Member
*****
Offline Offline

Activity: 900



View Profile
September 25, 2014, 11:29:42 PM
 #1877

Will anybody here keep mining a $350 bitcoin? A $100 bitcoin? Thoughts?

The economics are clear. As long as there is someone, somewhere - anyone, anywhere - who wants to transact in Bitcoin, there will be a profit to be made in mining. Change in difficulty is designed to scale not only up, but down as well.

I'm sure there are enough people here who between them would happily buy all of the coins at, say, $1 each. So I think its fair to say BTC will always have value (short of some event which renders the protocol insecure). If that were to happen, the price would increase once again as it gets bought back up, thus it would seem that BTC should prove incredibly resilient despite the volatility.

I'm sure plenty of people realise this, hence the long term bullish outlook. But for any newbies who haven't considered this dynamic, have a think about the implications.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1316


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
September 25, 2014, 11:30:54 PM
 #1878

sad days when people are too scared of their govt. to trade a few bits of harmless electronic data between them without threat of jail time ... is it really this bad?


Yes, Marcus... that's kinda my point.

The original poster IS correct that trading a little btc person to person for cash from time to time actually does seem to be a decent way to make a little profit from holding bitcoin and being involved in the "BTC Scene" these days... especially as the price has been dipping last few months and we're all WAITING for the next big run-up to finally get started.

More people doing this also could enable MORE people to EASILY get a little bitcoin, getting MORE folks started using it and learning about it all and how it all works.  If that happened, it would help the overall bitcoin economy grow, and THAT in turn would improve the odds of the price increase we all want to see, actually happening.

But it seems like the "OMG If I Sell BTC For Cash Then Big Bad Scary John Law Is Gonna Break Down My Door And Throw My Ass In Federal Prison" kind of irrational fear is preventing more people from considering actually doing this.

What I wanna know is very simple: IS this fear really grounded in reality? or is it just as you say, people are "too scared of their govt"?  Huh

It is a process.
Patience is a virtue, friend.

I may be wrong, I hope I am, but I don't see another run-up anytime soon; Bitcoin is a depreciating asset. Bagholding makes no sense at this point, and the leaking volume indicates the market agrees. Will anybody here keep mining a $350 bitcoin? A $100 bitcoin? Thoughts?


Good luck with your short-term vision, and apparent partial blindness regarding btc fundamentals. 

even if you have some doubts regarding the future of bitcoin, you will be safer, in my opinion, to take some stake in btc, even if its less than 1% of your wealth or alternatively 5-10 btc... otherwise you may find yourself left behind when the train leaves the station

chopstick
Legendary
*
Offline Offline

Activity: 989


View Profile
September 25, 2014, 11:32:59 PM
 #1879

10K+ per coin next year IMO
JayJuanGee
Legendary
*
Offline Offline

Activity: 1316


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
September 26, 2014, 12:10:08 AM
 #1880

10K+ per coin next year IMO

That's absurd Roll Eyes

HELLO?  Get a grip?  What is absurd about $10k in a year-ish, explain yourself...

Do you understand BTC fundamentals and market cap, or you just spouting off various troll talking points? 

$10k-ish seem as likely as, if NOT more likely than your suggestion of an never ending downward projection leading us to $100-ish.

Pages: « 1 ... 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 [94] 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 ... 191 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!