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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594944 times)
Amph
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April 09, 2015, 03:00:09 PM
 #2621

For those who was in 2011 and talking Bitcoin here, yes, they are the wealthy elite now, for now for us who talking Bitcoin dropped from $1000, yes, we won't be elite after them.

Unfortunately, I too came after the ATH bubble burst in 2013, so I, along with any relative newcomers could be considered "Elite poor".   Cry

Hopefully, things turn around soon for us Elite bums...


same boat, i was here before the bitcoin boom to 1200, but too bad i was just starting to collect my first bitcoin(tnx to doge), so i couldn't sell anything at that time
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April 09, 2015, 03:12:20 PM
 #2622

Well, if it helps... Just imagine how you guys will be feeling if you got out of the game now only to discover, in 2 years or so, that Bitcoin has gone up to $5000 or something. Always keep in mind that things may turn around!

This has to be the hope.

I unfortunately started buying around April/May 2014.
I'm a HODLER but am down several thousand GBP.

Everyone maintains this hope. This forums members expect btc holders to act differently than other investors. This is a very odd dynamic and shows a lack of investing acumen. If you're holding an underperforming stock you sell it. You don't hold it for 20 years until you get your money back or lose it all. If you're holding real estate in a neighborhood that's turning for the worst you sell it. The same it true for every other type of investment. A few of us can afford to sit around and wait for the best price or lose it all because we started mining in 2010-2011 with GPUs and are sitting on a bunch of btc that cost us nothing. If you're sitting on btc for a year waiting for it to go up and have already lost money on it. You may want to look at other investments that could return your money faster. You can always buy back into btc when the price starts to increase.

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April 09, 2015, 03:38:05 PM
 #2623

I got into Bitcoin when the prices reached $800. I was very lucky afterwards that this prices was to high for me and I did not buy Bitcoins at this time. Instead, I hoped to get into next Bitcoin and invested into Nxt what made me not rich but gave me some considerably wealth too. What I want to say is that there are always chances to make good money if you really get into promising coins.

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April 09, 2015, 03:58:34 PM
 #2624

I bought in, sold half my coins after a %1500 runup, watched the remaining half lose about %1000 of their initial value, bought a few more, and I'm patiently waiting for the next runup.   Grin

Sure, I was lucky.  I called the market irrationally low when it crashed earlier and bought in, then called it irrationally high when WillyBot was doing its thing and sold before WillyBot crashed crashed it.

I didn't know how soon the runup was going to happen; I just considered it undervalued after a crash.  I didn't know empty-gox was running WillyBot.  I just saw the market going way over what I thought the sustainable valuation at that time should be.  So I got lucky a couple times. 

For what it's worth, I consider Bitcoin undervalued again at this time.  I'm reasonably confident there'll eventually be another runup as it seeks a fair price - and it'll probably overshoot and crash again. But I expect neither the overshoot nor the crash to be as extreme as it's been the last couple of times, because we're looking at more sophisticated investors now so the bigger money will be a little smarter, and more SEC/FBI involvement than before so the scammers will be getting arrested a lot and make off with a smaller bezzle.
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April 09, 2015, 04:43:10 PM
 #2625

I hope this will come true at some point as well for the people who came late

You dick
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April 09, 2015, 04:55:24 PM
 #2626

I got into Bitcoin when the prices reached $800. I was very lucky afterwards that this prices was to high for me and I did not buy Bitcoins at this time. Instead, I hoped to get into next Bitcoin and invested into Nxt what made me not rich but gave me some considerably wealth too. What I want to say is that there are always chances to make good money if you really get into promising coins.

This is right the people who are sitting on their Bitcoin and have done since 2012-2014 have had plenty of chances to make extra income or of course lose some, if you get lucky as you did with NXT then you could have made more from that one investment than you could probably make from Bitcoin now, in fact i am pretty sure there are no more big winners here for waiting around.

Doesn't seem sensible to buy at 300-900 and sit on them hoping that the value is going to go up when more than likely it won't, i paid over the odds but i have traded all the way and if i was to sell now i would be profit.

Nowhere near the possible wealthy elite who was here in early on though i might add.
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April 09, 2015, 11:48:57 PM
 #2627

Yeah, I don't even own a whole bitcoin.

Some guy presumably one of the developers offered to send me coins likes 3-4 years ago but I never took them for inventing this. He disappeared from the face of the earth though.

"Do you remember when the walls fell? Do you remember the sound the door made?"
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April 10, 2015, 01:52:23 PM
 #2628

Well, if it helps... Just imagine how you guys will be feeling if you got out of the game now only to discover, in 2 years or so, that Bitcoin has gone up to $5000 or something. Always keep in mind that things may turn around!

This has to be the hope.

I unfortunately started buying around April/May 2014.
I'm a HODLER but am down several thousand GBP.

Yep, I started at the beginning of 2014 as well and lost £££ so far.

Smiley
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April 10, 2015, 01:53:08 PM
 #2629

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

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[/center]
Biomech
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April 10, 2015, 01:57:03 PM
 #2630

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Apparently, he was an infamous troll and got banned and his user account removed.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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April 10, 2015, 02:45:22 PM
 #2631

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Look up the user names Atlas, Jon, Immanuel Go, Ragnar, ALPHA, anonymous, Boss and you'll see most of his threads. He had more nicks than hookers have tricks.

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April 13, 2015, 01:49:23 PM
 #2632

I got into Bitcoin when the prices reached $800. I was very lucky afterwards that this prices was to high for me and I did not buy Bitcoins at this time. Instead, I hoped to get into next Bitcoin and invested into Nxt what made me not rich but gave me some considerably wealth too. What I want to say is that there are always chances to make good money if you really get into promising coins.

Some altcoins had the potential for enormous profits but many also had the potential for enormous losses. While Bitcoin's price rose by 90 times in 2013, Litecoin's went up by nearly 600 times. Someone who had invested $13 into BTC in the beginning of 2013 and exchanged it for NXT while the IPO was still open would have been $5 million better off at one point.

Compare this to 2012 when the BTC price only rose from $5 to $13 by the year's end. Not many opportunities were to be had there. The same is also probably true for 2015. If BTC does become truly mainstream then those who wait patiently today might eventually see very large returns in the future. Just like how those who had waited and held onto their coins in 2012 would have seen enormous returns in the following year.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Apparently, he was an infamous troll and got banned and his user account removed.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Look up the user names Atlas, Jon, Immanuel Go, Ragnar, ALPHA, anonymous, Boss and you'll see most of his threads. He had more nicks than hookers have tricks.

Well that explains it. Previously I used to think that the forums supported anonymous/guest posting and OP was one of such users. Strange that they would actually go so far as to delete the account though.
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April 13, 2015, 02:00:14 PM
 #2633

I got into Bitcoin when the prices reached $800. I was very lucky afterwards that this prices was to high for me and I did not buy Bitcoins at this time. Instead, I hoped to get into next Bitcoin and invested into Nxt what made me not rich but gave me some considerably wealth too. What I want to say is that there are always chances to make good money if you really get into promising coins.

Some altcoins had the potential for enormous profits but many also had the potential for enormous losses. While Bitcoin's price rose by 90 times in 2013, Litecoin's went up by nearly 600 times. Someone who had invested $13 into BTC in the beginning of 2013 and exchanged it for NXT while the IPO was still open would have been $5 million better off at one point.

Compare this to 2012 when the BTC price only rose from $5 to $13 by the year's end. Not many opportunities were to be had there. The same is also probably true for 2015. If BTC does become truly mainstream then those who wait patiently today might eventually see very large returns in the future. Just like how those who had waited and held onto their coins in 2012 would have seen enormous returns in the following year.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Apparently, he was an infamous troll and got banned and his user account removed.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Look up the user names Atlas, Jon, Immanuel Go, Ragnar, ALPHA, anonymous, Boss and you'll see most of his threads. He had more nicks than hookers have tricks.

Well that explains it. Previously I used to think that the forums supported anonymous/guest posting and OP was one of such users. Strange that they would actually go so far as to delete the account though.

There are plenty of really interesting projects happening now in crypto/decentralziation. The thing is, it takes both skill and a lot of luck to spot the good ones. Even if you invest in something that's objectively great, it doesn't necessarly mean it will catch up with the popular and deliver massive gains.

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April 13, 2015, 02:47:55 PM
 #2634

There are plenty of really interesting projects happening now in crypto/decentralziation. The thing is, it takes both skill and a lot of luck to spot the good ones. Even if you invest in something that's objectively great, it doesn't necessarly mean it will catch up with the popular and deliver massive gains.

Most people do not have the skill or LUCKY to find the promising coins. We can only invest the long standing coins, but they may die in any minute.
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April 13, 2015, 03:52:26 PM
 #2635

There are plenty of really interesting projects happening now in crypto/decentralziation. The thing is, it takes both skill and a lot of luck to spot the good ones. Even if you invest in something that's objectively great, it doesn't necessarly mean it will catch up with the popular and deliver massive gains.

Most people do not have the skill or LUCKY to find the promising coins. We can only invest the long standing coins, but they may die in any minute.

Remember solid coin and Geist Guide... Good thing i dropped mine before they went under
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April 13, 2015, 04:00:44 PM
 #2636

There are definitely still opportunities. You have to be either very lucky or very knowledgable to spot them. Cloud mining or investment schemes are not the good ones.

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April 13, 2015, 06:42:31 PM
 #2637

Cloud mining was never a good opportunity, and it was completely obvious that it wasn't.

If it were profitable for the renter to rent out equipment for mining, then the guy who owned the equipment would be passing up an opportunity to profit more by simply mining for himself.  In fact the only way for him to be making more money than he would make by NOT renting out the machinery is if the additional money comes directly out of the renters' pocket. 

Seriously guys.  Business 101.  Never deal with anyone unless you can see where his profit in the deal is coming from.  People who aren't stupid won't cut you in if they take a loss by doing so. 
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April 13, 2015, 07:18:43 PM
 #2638

We still can be, accumulate as much as you can now.

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April 13, 2015, 07:29:56 PM
 #2639

I wish people would stop selling.
If we all HODL for a couple of years & limit supply the price would be great.

It has always been difficult to educated people doing the right thing. Wink

That's why there is an elite of a few visionaries within an ocean of ordinary people...
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April 13, 2015, 08:57:25 PM
 #2640

I got into Bitcoin when the prices reached $800. I was very lucky afterwards that this prices was to high for me and I did not buy Bitcoins at this time. Instead, I hoped to get into next Bitcoin and invested into Nxt what made me not rich but gave me some considerably wealth too. What I want to say is that there are always chances to make good money if you really get into promising coins.

Some altcoins had the potential for enormous profits but many also had the potential for enormous losses. While Bitcoin's price rose by 90 times in 2013, Litecoin's went up by nearly 600 times. Someone who had invested $13 into BTC in the beginning of 2013 and exchanged it for NXT while the IPO was still open would have been $5 million better off at one point.

Compare this to 2012 when the BTC price only rose from $5 to $13 by the year's end. Not many opportunities were to be had there. The same is also probably true for 2015. If BTC does become truly mainstream then those who wait patiently today might eventually see very large returns in the future. Just like how those who had waited and held onto their coins in 2012 would have seen enormous returns in the following year.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Apparently, he was an infamous troll and got banned and his user account removed.

How come OP is "anonymous" and has no profile? Just realized when I tried to click on his nickname, but there's nothing... interesting.

Look up the user names Atlas, Jon, Immanuel Go, Ragnar, ALPHA, anonymous, Boss and you'll see most of his threads. He had more nicks than hookers have tricks.

Well that explains it. Previously I used to think that the forums supported anonymous/guest posting and OP was one of such users. Strange that they would actually go so far as to delete the account though.

There are plenty of really interesting projects happening now in crypto/decentralziation. The thing is, it takes both skill and a lot of luck to spot the good ones. Even if you invest in something that's objectively great, it doesn't necessarly mean it will catch up with the popular and deliver massive gains.

Yup, definitely. In fact, if NXT were to be released today, most people would probably think it was a scam and not invest. During its IPO phase, the coin had no whitepaper, no code, no working beta, no escrow, and an anonymous newbie dev. Then there were other coins like Stackcoin which passed the "scam check reviews" in place at the time but still turned out to be scams. Both coins promised a lot of new, exciting things but only one of them would have gained you money.

Also, the main reason why the NXT IPO made such massive profits for its investors was the absolutely tiny size of it. Only 21 BTC was ever invested. Projects like Ethereum are doing innovative things but their IPOs are usually much more massive compared to NXT's so even if these coins reach multi-million dollar market caps, it's highly unlikely that you would see the same type of returns on your investment.
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