Bitcoin Forum
December 06, 2016, 06:21:17 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 172 »
  Print  
Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 507985 times)
Cryddit
Legendary
*
Offline Offline

Activity: 840


View Profile
October 29, 2014, 07:27:54 PM
 #2041

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

In the industry, they are known as "vulture capitalists" - a bitter joke on their propensity to liquidate the assets of a startup if its odds of dominating its market drop lower than they like, and also on their propensity to run the companies sort of like crash-test dummies; you either dominate the market, or you get liquidated.  There is no room in their universe for a company that remains viable and makes fairly reliable small profits. 

The risk profile is very different for the vulture capitalists, who have maybe one percent of their assets invested in a company, and the company founders/employees, who are typically "all in."  The vulture capitalist is going for the market-domination windfall, but the people on the ground would really be much better served by remaining viable and making fairly reliable profits.  So there is a certain disconnect between the business decisions that each would prefer to be made.

1481048477
Hero Member
*
Offline Offline

Posts: 1481048477

View Profile Personal Message (Offline)

Ignore
1481048477
Reply with quote  #2

1481048477
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481048477
Hero Member
*
Offline Offline

Posts: 1481048477

View Profile Personal Message (Offline)

Ignore
1481048477
Reply with quote  #2

1481048477
Report to moderator
1481048477
Hero Member
*
Offline Offline

Posts: 1481048477

View Profile Personal Message (Offline)

Ignore
1481048477
Reply with quote  #2

1481048477
Report to moderator
boumalo
Hero Member
*****
Offline Offline

Activity: 924


View Profile
October 29, 2014, 11:30:01 PM
 #2042

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

In the industry, they are known as "vulture capitalists" - a bitter joke on their propensity to liquidate the assets of a startup if its odds of dominating its market drop lower than they like, and also on their propensity to run the companies sort of like crash-test dummies; you either dominate the market, or you get liquidated.  There is no room in their universe for a company that remains viable and makes fairly reliable small profits.  

The risk profile is very different for the vulture capitalists, who have maybe one percent of their assets invested in a company, and the company founders/employees, who are typically "all in."  The vulture capitalist is going for the market-domination windfall, but the people on the ground would really be much better served by remaining viable and making fairly reliable profits.  So there is a certain disconnect between the business decisions that each would prefer to be made.



The funders chose to get the venture capitalists cash to grow and often also get their expertise : they had an idea and build a customer base and now they get hundreds of thousands of dollars or even millions of dollars to hire, pay themselves a salary and get a chance to make it; it is a pretty good deal that they can chose not to take which would be very stupid

pitham1
Hero Member
*****
Offline Offline

Activity: 868



View Profile
October 30, 2014, 01:01:59 AM
 #2043

Wow, I was just going through some of the first posts in this thread. I wish I would have known about Bitcoin back in 2011. I've been a big fan of Bitcoin ever since I first found out about it. I would have been accumulating them left and right if they were that cheap!

Today's price might appear to be a steal in a few years time.  Smiley

The potential is tens of thousands of Dollars a coin in a few years if things go right; even if the probability that things go right happens is less than 1% it may profitable to invest in Bitcoin

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

At least venture capitalists invest in multiple start ups and don't face ruin when a particular company closes. I have seen people go all-in on bitcoin here. They could be very rich soon, or face bankruptcy.  Grin

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
fabiola!
Sr. Member
****
Offline Offline

Activity: 420


View Profile
October 30, 2014, 12:07:15 PM
 #2044

Wow, I was just going through some of the first posts in this thread. I wish I would have known about Bitcoin back in 2011. I've been a big fan of Bitcoin ever since I first found out about it. I would have been accumulating them left and right if they were that cheap!

Today's price might appear to be a steal in a few years time.  Smiley

The potential is tens of thousands of Dollars a coin in a few years if things go right; even if the probability that things go right happens is less than 1% it may profitable to invest in Bitcoin

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

At least venture capitalists invest in multiple start ups and don't face ruin when a particular company closes. I have seen people go all-in on bitcoin here. They could be very rich soon, or face bankruptcy.  Grin

Yep, very sad situation.



Smiley
BlindMayorBitcorn
Hero Member
*****
Offline Offline

Activity: 728


Blockchain Theorist


View Profile
October 30, 2014, 12:31:54 PM
 #2045

Wow, I was just going through some of the first posts in this thread. I wish I would have known about Bitcoin back in 2011. I've been a big fan of Bitcoin ever since I first found out about it. I would have been accumulating them left and right if they were that cheap!

Today's price might appear to be a steal in a few years time.  Smiley

The potential is tens of thousands of Dollars a coin in a few years if things go right; even if the probability that things go right happens is less than 1% it may profitable to invest in Bitcoin

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

At least venture capitalists invest in multiple start ups and don't face ruin when a particular company closes. I have seen people go all-in on bitcoin here. They could be very rich soon, or face bankruptcy.  Grin

Yep, very sad situation.




We helped create a bunch of rich geeky twats. That should count for something

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
boumalo
Hero Member
*****
Offline Offline

Activity: 924


View Profile
October 30, 2014, 02:23:58 PM
 #2046

Wow, I was just going through some of the first posts in this thread. I wish I would have known about Bitcoin back in 2011. I've been a big fan of Bitcoin ever since I first found out about it. I would have been accumulating them left and right if they were that cheap!

Today's price might appear to be a steal in a few years time.  Smiley

The potential is tens of thousands of Dollars a coin in a few years if things go right; even if the probability that things go right happens is less than 1% it may profitable to invest in Bitcoin

It makes me think of venture capitalists which bet on tens or even hundreds of start-ups that each have less than 5% chance of making it but when they do they can cash in big

At least venture capitalists invest in multiple start ups and don't face ruin when a particular company closes. I have seen people go all-in on bitcoin here. They could be very rich soon, or face bankruptcy.  Grin

Yep, very sad situation.




We helped create a bunch of rich geeky twats. That should count for something

Hundreds of thousands of Dollars for most, millions for some except a handful that is sitting on 10m$ or more; it is something but we are not there yet; when the price will be a few thousands Dollars in 2015 it will be great, the sentiment will be very positive again and we will get massive exposure

Moonpig
Member
**
Offline Offline

Activity: 62


View Profile
October 30, 2014, 02:30:59 PM
 #2047

Hundreds of thousands of Dollars for most, millions for some except a handful that is sitting on 10m$ or more; it is something but we are not there yet; when the price will be a few thousands Dollars in 2015 it will be great, the sentiment will be very positive again and we will get massive exposure

What makes you think bitcoin will be a few thousand next year? I think many people said it would be at that this year.
kualehu
Member
**
Offline Offline

Activity: 71


View Profile
October 30, 2014, 03:15:52 PM
 #2048

Alright me too

BitNet(VPNCOIN)第二论赠币:
钱包地址:Vqm2KjUMH9Efp8jSgq94a7SQuEH8qM4wGu
fabiola!
Sr. Member
****
Offline Offline

Activity: 420


View Profile
October 30, 2014, 06:18:15 PM
 #2049

Hundreds of thousands of Dollars for most, millions for some except a handful that is sitting on 10m$ or more; it is something but we are not there yet; when the price will be a few thousands Dollars in 2015 it will be great, the sentiment will be very positive again and we will get massive exposure

What makes you think bitcoin will be a few thousand next year? I think many people said it would be at that this year.

I agree with moonpig (lol wtf that jingle is stuck in my head now) Smiley

Smiley
phillipsjk
Legendary
*
Offline Offline

Activity: 1008

Let the chips fall where they may.


View Profile WWW
October 30, 2014, 06:58:20 PM
 #2050

Don't you people know that bumping this thread causes the price to crash?

Source.
"Okay, lets not start sucking each other's dick just yet." -- The Wolf, "Pulp fiction"

In the meantime, let's actually build the Bitcoin economy please.
...
Is it time?

God dammit dooglus! Let the thread die man! :-D  
...
Scared bears just post here in a silly attempt to talk the price down. Too bad it is not working. They just show their hand and their fear.

The old magic is still strong:


...
today rate touching 145$ mean we are going to close on wealth elite gentlemen  Cheesy

Oh no you just jinxed us. :-)

Counter-argument.

this thread is funny.. i remember being a a creeper/browser who did not have an account... and seeing his thread something like 18 months ago. it seems like every time BTC explodes, people return to this thread   Cheesy

It's been a historically sound indicator of when a bear market is at its end, too. Let's hope. Smiley
Edit: decided to add quotes because apparently deleting posts is a thing.

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
arklan
Legendary
*
Offline Offline

Activity: 1204


Just along for the ride...


View Profile
October 30, 2014, 08:15:01 PM
 #2051

i've not deleted any posts...
practicaldreamer
Hero Member
*****
Offline Offline

Activity: 630


View Profile
October 30, 2014, 09:34:33 PM
 #2052

I am not confident or pretty - I am not wealthy - I'm definitely not a gentleman - and the only "elites" I have ever had any dealings with are these :-

   
bbit
Legendary
*
Offline Offline

Activity: 1288

Bitcoin


View Profile
October 30, 2014, 09:37:07 PM
 #2053

I am not confident or pretty - I am not wealthy - I'm definitely not a gentleman - and the only "elites" I have ever had any dealings with are these :-

   

hahaha.....you can be an elite and a gentleman if you wanted to Tongue
btcduke
Member
**
Offline Offline

Activity: 70

★Bitin.io★ - Instant Exchange


View Profile
October 31, 2014, 12:50:58 AM
 #2054

It seems people who hold several btc always have a same dream about future.
I'd love to watch the dream comes true.


phillipsjk
Legendary
*
Offline Offline

Activity: 1008

Let the chips fall where they may.


View Profile WWW
October 31, 2014, 01:56:33 AM
 #2055

i've not deleted any posts...

It appears Vladimir did.

In the legendary thread somebody mentioned he has a habit of deleting posts as well.

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
boumalo
Hero Member
*****
Offline Offline

Activity: 924


View Profile
October 31, 2014, 04:08:47 PM
 #2056

Hundreds of thousands of Dollars for most, millions for some except a handful that is sitting on 10m$ or more; it is something but we are not there yet; when the price will be a few thousands Dollars in 2015 it will be great, the sentiment will be very positive again and we will get massive exposure

What makes you think bitcoin will be a few thousand next year? I think many people said it would be at that this year.

A lot thought it would go to a few thousands Dollars this year and it didn't but next year or possibly the year after, the market will understand the FED is not going to decrease the 4.5trillions FED balance sheet and raise interest rates because if it did the market would collapse and the government would have trouble financing its obligations so the FED will launch QE4 and we will have massive inflation before they raise the rates; the economical environnement in the West will be very toxic, fiat will be discredited to investors that are not invested in BTC but not too far away from the Bitcoin phenomena and the price of Bitcoin will soar to a few thousands Dollars, Gold will rise up in price as well

4theLOVEofCrypto
Sr. Member
****
Offline Offline

Activity: 280



View Profile
October 31, 2014, 06:09:19 PM
 #2057

It seems people who hold several btc always have a same dream about future.
I'd love to watch the dream comes true.



I try to hold some BTC, but I'm so OCD that I just can't sit on them.  I have to exchange them for other cryptos.  So far it hasn't worked out for me that well.....but I hope it eventually does.  Just need that 1 big score.

Edit: I just realized I sound like a drug addict.
LFC_Bitcoin
Hero Member
*****
Offline Offline

Activity: 812


★777Coin.com★ Fun BTC Casino!


View Profile
October 31, 2014, 06:11:35 PM
 #2058

It seems people who hold several btc always have a same dream about future.
I'd love to watch the dream comes true.



I try to hold some BTC, but I'm so OCD that I just can't sit on them.  I have to exchange them for other cryptos.  So far it hasn't worked out for me that well.....but I hope it eventually does.  Just need that 1 big score.

Edit: I just realized I sound like a drug addict.

Hold onto your BTC.
Long term hoarding is the only way to make big money now unless you're mining.

All other cryptos aren't worth shit.

4theLOVEofCrypto
Sr. Member
****
Offline Offline

Activity: 280



View Profile
October 31, 2014, 06:28:02 PM
 #2059

It seems people who hold several btc always have a same dream about future.
I'd love to watch the dream comes true.



I try to hold some BTC, but I'm so OCD that I just can't sit on them.  I have to exchange them for other cryptos.  So far it hasn't worked out for me that well.....but I hope it eventually does.  Just need that 1 big score.

Edit: I just realized I sound like a drug addict.

Hold onto your BTC.
Long term hoarding is the only way to make big money now unless you're mining.

All other cryptos aren't worth shit.

Ultimately, everything and every trade always leads back to the mothership that is BTC. 
QuestionAuthority
Legendary
*
Offline Offline

Activity: 1456


You lead and I'll watch you walk away.


View Profile
October 31, 2014, 08:51:33 PM
 #2060

i've not deleted any posts...

It appears Vladimir did.

In the legendary thread somebody mentioned he has a habit of deleting posts as well.

He always deletes posts. Especially when he's caught being wrong.

Pages: « 1 ... 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] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 172 »
  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!