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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 607603 times)
Anon136
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February 01, 2015, 02:33:28 AM
 #2561

The Gentleperson's Guide To Forum Spies (spooks, feds, etc.)

http://cryptome.org/2012/07/gent-forum-spies.htm



That was a very interesting read. I know these people are out there. As i understand it governments have admitted to domestic counter intelligence operations in some capacity. However i have never actually seen anyone that I had any good reason to suspect was one of these people. Interested in making a thread for discussing this? It's pretty off topic here so we better keep it brief in this thread.

To the forum I am technically a newbie (been lurking since 2010) but think you are spot on with your suggestion to create a thread about this topic.  We should stop accusing each other of being paranoid or conspiracy theorists.  By now we can easily find many examples of things that make government shills in key forums look like a given.  I don't even know if I can start a thread.  Would be nice to have a spot where we can burn the witches, kind of... Or at least catalogue and acknowledge the characteristics of the witches.  Knowledge is power.

https://bitcointalk.org/index.php?topic=942369 done

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?
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manselr
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February 01, 2015, 11:13:19 AM
 #2562

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

Bagatell
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February 01, 2015, 11:16:14 AM
 #2563

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.
Fat Ronaldo
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February 01, 2015, 11:31:43 AM
 #2564

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.

Well he might have sold at a low price or kept holding them. Not all the bitcoiners are wealthy. The ones who cashed out at the peak likely are but some chose to still hodl. I'm sure bitcoin can rise again and to even higher prices than the peak so hodl if you're a believer.
turvarya
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February 01, 2015, 12:03:49 PM
 #2565

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.

Well he might have sold at a low price or kept holding them. Not all the bitcoiners are wealthy. The ones who cashed out at the peak likely are but some chose to still hodl. I'm sure bitcoin can rise again and to even higher prices than the peak so hodl if you're a believer.
I am looking forward to the time when we can say: "He sold at 1k USD/BTC? What an idiot" Wink

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February 01, 2015, 12:20:45 PM
 #2566

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.
Wealthy? Compared to whom?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Dread Pirate Roberts
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February 01, 2015, 06:58:14 PM
 #2567

yeaaa you show it a truth i love this thread ever
im start big amount now

MONEY ON MY MIND 16 march
samslap
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February 02, 2015, 05:04:15 AM
 #2568

I do feel fortunate to be ahead of the game. The majority of people still have no clue what Bitcoin is.
sakira
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February 02, 2015, 05:54:10 AM
 #2569

I do feel fortunate to be ahead of the game. The majority of people still have no clue what Bitcoin is.

but it would be lucky if we know from the beginning of its appearance, but we can not predict the bitcoin trip each year.

but really it's better late than never  Wink
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February 02, 2015, 05:56:35 AM
 #2570

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss
ChuckBuck
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February 02, 2015, 02:36:25 PM
 #2571

hello everybody Smiley. I discover crypto world to late I guess Angry I am searching some good crypto to invest fiat money Grin. I like bitcoin, but why I feel I am going to take huge risk if I invest in btc? anyway I'm going to  buy  some.... do you thing btc is elite coin still ....? after the big bubble this thing looks very unstable...damn. my brother invest in gold ,but I like crypto so I probably continue my research....any advise guys? Smiley     

As with anything in life, investment, gamble, risk or otherwise, only invest the amount you're willing to lose.

Bitcoin could very well go to Zero as well as it can go to the moon.

Personally, I believe in the underlying technology and ideology behind Bitcoin, so I'm in for the long haul, but if you're in it for a quick buck, this isn't the place for you.

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Anon136
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February 02, 2015, 03:01:41 PM
 #2572

hello everybody Smiley. I discover crypto world to late I guess Angry I am searching some good crypto to invest fiat money Grin. I like bitcoin, but why I feel I am going to take huge risk if I invest in btc? anyway I'm going to  buy  some.... do you thing btc is elite coin still ....? after the big bubble this thing looks very unstable...damn. my brother invest in gold ,but I like crypto so I probably continue my research....any advise guys? Smiley     

You should probably own some just dont get carried away and be prepared to lose all of the money that you put into it. Its one of those high risk high reward sorts of deals. You probably will lose your money but if you dont than you probably will do well enough to make up for the fact that you probably will lose your money.

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?
manselr
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February 02, 2015, 03:08:06 PM
 #2573

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss

I wouldn't mind going back to 1$, we need redistribution of Bitcoins, i want to see whales panicking.

Anon136
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February 02, 2015, 03:48:59 PM
 #2574

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss

I wouldn't mind going back to 1$, we need redistribution of Bitcoins, i want to see whales panicking.

Everyone would lose interest. We would never regain the traction we have. It would be the end of bitcoin but probably not cryptocurrency in general. Some altcoin would replace it.

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?
CoinCidental
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February 02, 2015, 04:20:31 PM
 #2575

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss

I wouldn't mind going back to 1$, we need redistribution of Bitcoins, i want to see whales panicking.

the whales probably have millions in cash and other assets so theyre probably the last ones who will panic
millionaires are unlikely to keep 100% of their wealth in btc alone
if anyone panic it would be the small fry that make their crumbs spreading FUD and shorting btc
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February 02, 2015, 04:24:58 PM
 #2576

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss

I wouldn't mind going back to 1$, we need redistribution of Bitcoins, i want to see whales panicking.

Why? If it went down to $1 the majority of people would lose faith in it and those wanting to buy in would probably be scared to. I think bitcoin would become a joke if it went all the way down to 1usd but went back up again... or even up and down like this.
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February 02, 2015, 04:32:43 PM
 #2577

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.

Well, taking into account all the scams, goxxings, investments, malwares, price swings, etc. there's actually quite a big chance that he lost at least half of his coins up to now. It's not at all a given fact that he still has exactly those coins.

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February 02, 2015, 06:05:15 PM
 #2578

Im pretty certain OP is no longer the wealthy elite unless he sold at 1k..

OP was buying @ $10 a coin. He'd need to be very stupid or very unlucky not to be wealthy by now.

Well he might have sold at a low price or kept holding them. Not all the bitcoiners are wealthy. The ones who cashed out at the peak likely are but some chose to still hodl. I'm sure bitcoin can rise again and to even higher prices than the peak so hodl if you're a believer.
I am looking forward to the time when we can say: "He sold at 1k USD/BTC? What an idiot" Wink

I'm sure it will happen! if not next year.. then 5 years from now! I'm not worried AT ALLLLL

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February 02, 2015, 07:26:48 PM
 #2579


the whales probably have millions in cash and other assets so theyre probably the last ones who will panic
millionaires are unlikely to keep 100% of their wealth in btc alone
if anyone panic it would be the small fry that make their crumbs spreading FUD and shorting btc

People keep thinking that the 'bitcoin whales' are living these high lifestyles in multimillion dollar mansions, spending money fast, needing huge incomes to keep their lifestyles up, and judging from the few I know, it isn't that way.

I know five different people any one of whom own enough Bitcoin to cause a panic if they should try to sell out in a single day.  Two of them are college students living in dorm rooms. To them their bitcoin holdings mean they can take as many semesters of college as they damn well want without worrying about graduation, getting a job, etc.  But they're feeling no need to live any higher on the tree than a dorm room that's paid for.

Three don't own cars and one of the others has an old used car.  He says he was channeling Sam Walton when he bought it - "with as much money as I have, I can have any car I want.... Well, exactly.  With this much money I no longer have to care what anyone else thinks of my car.  I can just buy the one I want."

One guy cashed out enough to buy his current house (which aside from a nice location in San Francisco is nothin' special - just an ordinary 2 bedroom 1 bathroom house), and two of them have used bitcoin money to buy cars. 

One of them (the biggest holder) says he's never going to sell any more.  Ever.  Because it would be bad for the bitcoin economy.  Maybe when he passes on, his granddaughter might.  And she might not.  She's never going to know about it until she inherits anyway, and even then it'll be a trust - she's not going to get more than 5% of his holdings per year. 

To the extent they've sold bitcoin, yes, they've banked a few million, but they've done so mainly just to redistribute assets for a more reasonable investment risk profile.  Aside from their accountants and maybe a few other serious early-days people, nobody really has any idea how much they've got. Or how much more they used to have.

And I'm eating crow every time I talk to these guys because I'm the guy who said, Naw, CryptoCash has been tried before and it's ALWAYS crashed or been a scam or failed or gotten shut down by the SEC or whatever.  So even though I was there at the very beginning and *could* have made stupid money from CPU mining like they did, I didn't buy in until three years later. 

Anyhow, these are your whales, guys.  They're just people.  Mostly cryptographers, whether amateur or professional, but only because that's where the thing popped up first.  And to be honest most of them don't give a rat's ass about being rich, aside from it making their life more convenient or making them free to work on what they WANT to work on.  They're a very different group from people like the Winklevii who came in for NO OTHER PURPOSE besides getting rich as fast as possible.
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February 03, 2015, 07:38:30 AM
 #2580

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

so do not expect when returning to $ 1, because I would be a big loss

I wouldn't mind going back to 1$, we need redistribution of Bitcoins, i want to see whales panicking.

I was afraid when bitcoin back to the initial price, there will be no resurrection again
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