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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 631743 times)
ethought
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January 11, 2015, 08:06:57 PM
 #2461

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?






Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP
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January 11, 2015, 08:08:21 PM
 #2462

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?






Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP

That 0.15 warmed me a lil bit.

The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes.  This is not paid AD!

▀Check it out yourself▀
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January 12, 2015, 03:16:03 AM
Last edit: January 12, 2015, 03:31:44 AM by Bitcoins101
 #2463

New wealthy elite?  Shocked ahahaha

Talk when/if Bitcoin is ever at 10.000k and i am still holding 200coin then i have a few bob but far from a wealthy elite lol

Wealthy elite own billions we are mere middle class wanna b's

if you only have 200 you will not likely be "elite" in this world
That's what I tell homeless that try to bum from me in San Francisco (there's a lot of them), sorry I don't carry cash - only bitcoins.
200k though you would be sitting pretty Smiley

That depends entirely on how long you plan on living. If you were cryogenically cryonically frozen with a paper wallet and are revived 150 years from now you could be holding a large percentage of the one world currency.

Cryogenics is the study of cryonics, which is the deep-freezing of humans. You can't "cryogenically" freeze someone.

Cryogenics: study of the deep-freezing of humans.
Cryonics: the deep-freezing of humans.

Now you too can be the asshole whenever someone uses either incorrectly.  Smiley

That's what I tell homeless that try to bum from me in San Francisco (there's a lot of them), sorry I don't carry cash - only bitcoins.

Funny - I just say no. Handouts and charity only encourage bums to continue being bums. If the choice is either get back on your feet or starve to death, people with anything left in them will get back on their feet. Those with nothing left in them won't, but their existence was futile at that point, anyway.

I've offered bums jobs and meals. They never accept the offers.

Of course they don't. Maybe meals sometimes, but they'll never accept a job.

thats why they are bums.

And there you've said it - the difference between someone with low wealth and a bum. The Mexicans on the corners looking for work are closer to the "wealthy elite" in mindset than they are to the bum on the corner asking for spare change.

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January 12, 2015, 03:36:19 AM
 #2464

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?






Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP



Wow, it appears the "the new wealthy elite" have some new social responsibilities and/or 'issues' with bums wanting part of our action.   Cheesy

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January 12, 2015, 05:33:23 AM
 #2465

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?



Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP


Interesting, but now that he has it posted online, there is a chance he could get a whole lot of other donations. It's kinda like the guy who posted a sign telling his mom to send him bitcoin while he was away at college. He received something like $24,000 worth of Bitcoin, probably more.
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January 12, 2015, 06:14:34 AM
 #2466

ye i cant wait to buy my mansion and lamboo !!



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January 12, 2015, 07:40:12 AM
 #2467

ye i cant wait to buy my mansion and lamboo !!

Me too, but I don't think I will have enough coins to reach that. I am planning at $2,000,000 on the house and a Lambo will run up around $400,000. Maybe someday BTC will reach $10,000 or even $100,000 a piece, but the question remains, is that gonna be the same purchasing power as today, or will it be $1,000 for a loaf of white bread?
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January 12, 2015, 01:49:53 PM
 #2468



YES IT'S A PONZI BUT AN HONEST ONE!


Enjoy.


That's all you needed to post here to get your point across.

Now get the steppin'!


CharityAuction
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ColdScam
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January 12, 2015, 02:13:17 PM
 #2469

ye i cant wait to buy my mansion and lamboo !!

Me too, but I don't think I will have enough coins to reach that. I am planning at $2,000,000 on the house and a Lambo will run up around $400,000. Maybe someday BTC will reach $10,000 or even $100,000 a piece, but the question remains, is that gonna be the same purchasing power as today, or will it be $1,000 for a loaf of white bread?

You guys, why on earth would you want a mansion and a Lambo? Learn from the Japanese, they are happy in the smallest of houses, they don't need huge spaces. As for the Lambo, you may look good driving it but the reality is you'll end up with a bunch of speed tickets, if not crashed against a tree somewhere, or in jail for running someone over.
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January 12, 2015, 02:57:16 PM
 #2470

Well, because I toy with Bitcoin and it's children, mostly because I believe in what it stands for, and the movement itself, I will continue to do the same as I am now. Trade, mess with code, and be a part of a growing community.

Wink

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January 12, 2015, 03:00:51 PM
 #2471

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?






Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP


Interesting, but now that he has it posted online, there is a chance he could get a whole lot of other donations. It's kinda like the guy who posted a sign telling his mom to send him bitcoin while he was away at college. He received something like $24,000 worth of Bitcoin, probably more.

I just sent him 0.002. Can't blame a guy for trying. I know what it feels like to be down and out, and there was a time when I would have probably done the same, if BTC was around then.

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January 12, 2015, 03:27:04 PM
 #2472

ye i cant wait to buy my mansion and lamboo !!

Me too, but I don't think I will have enough coins to reach that. I am planning at $2,000,000 on the house and a Lambo will run up around $400,000. Maybe someday BTC will reach $10,000 or even $100,000 a piece, but the question remains, is that gonna be the same purchasing power as today, or will it be $1,000 for a loaf of white bread?

You guys, why on earth would you want a mansion and a Lambo? Learn from the Japanese, they are happy in the smallest of houses, they don't need huge spaces. As for the Lambo, you may look good driving it but the reality is you'll end up with a bunch of speed tickets, if not crashed against a tree somewhere, or in jail for running someone over.

I think the whole lambo thing is just a joke really... or boys just like the expensive yellow toys. I also think the time has past for people to be buying Lambos with the gains from their coins, but people can keep dreaming.

Bow down, bitches.
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January 12, 2015, 03:51:48 PM
 #2473

Resurrection of the elite thread is normally bullish, but this time it is stuffed with trolls, so, bearish.



What's the opposite of wealthy elite?


peasants?






Surprisingly he has got a few donations: https://blockchain.info/address/1Fcfprpm7C2Qwmw8cJcJ1QPDgAGDGFiPQP


Wow. Actually its damn next level peasants lol.
Easy bitcoin of his life
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January 13, 2015, 11:37:43 AM
 #2474

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.


You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now.

BTC=$80 by June

Its down $100 since the last time I told you, in 2 months it will be down another $100
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January 13, 2015, 11:43:46 AM
 #2475

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.


You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now.

BTC=$80 by June

Its down $100 since the last time I told you, in 2 months it will be down another $100

'Pissedoff' seems to have the same view as me that the Bitcoin to fiat cycle via merchants is largely to blame.

I personally think currency stable BitAssets are going to be the solution but it's hard to stay optimistic on days like this. https://bitcointalk.org/index.php?topic=922252.msg10128457#msg10128457
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January 13, 2015, 02:53:29 PM
 #2476

Guess my dreams of getting out of the homeless shelter keeps losing traction day by day:



No relief in site, just relentless dumping and dumping on exchanges, everyone converting to fiat immediately.

Doesn't look good for anyone at the moment, my fellow peasants...

CharityAuction
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ColdScam
philiveyjr
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January 13, 2015, 07:58:51 PM
 #2477

10k$ a pop?? the direction in which the prices r going.!! I dont see it happening anytime soon.!!

philiveyjr
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January 13, 2015, 08:00:46 PM
 #2478

Guess my dreams of getting out of the homeless shelter keeps losing traction day by day:



No relief in site, just relentless dumping and dumping on exchanges, everyone converting to fiat immediately.

Doesn't look good for anyone at the moment, my fellow peasants...
Yeah mate.!! I think Im getting poorer n poorer day by day...not the opposite.!! new wealthy elite?? not so much.! :/

FandangledGizmo
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January 13, 2015, 08:20:26 PM
 #2479

Guess my dreams of getting out of the homeless shelter keeps losing traction day by day:



No relief in site, just relentless dumping and dumping on exchanges, everyone converting to fiat immediately.

Doesn't look good for anyone at the moment, my fellow peasants...
Yeah mate.!! I think Im getting poorer n poorer day by day...not the opposite.!! new wealthy elite?? not so much.! :/

There is always the chance there are major 'bail-ins'. Bitcoin is still the market leader by far and so money would rush into Bitcoin and it would top $1000 in a couple of days imo.

Unfortunately in the absence of an external catalyst, I'm fairly certain unstable crypto trends down when used as a transactional currency Sad
Flashman
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January 13, 2015, 08:48:07 PM
 #2480

There is always the chance there are major 'bail-ins'.

Have seen a few whale buys this afternoon, 2000 coins with only a $20 spread, they be munching plankton like it's going out of fashion.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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