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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508220 times)
panck4beer
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April 26, 2015, 08:55:17 PM
 #2661

This is a ridiculous thread. So much has changed since then, but if you had invested say 100$ back then, youd have a nice sum of money

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April 29, 2015, 08:28:36 AM
 #2662

This is a ridiculous thread. So much has changed since then, but if you had invested say 100$ back then, youd have a nice sum of money

If you look back in 20 years, you will say the same again.
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April 29, 2015, 09:43:35 AM
 #2663

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.
Yeah....back then, no one predicted that the price of bitcoin would even breach the $1k mark. Anyway, I',m sure the price will be $1k or so sometime in the future(dont hole mee responsible if it doesnt happen Tongue)

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April 29, 2015, 09:46:50 AM
 #2664

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  
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April 29, 2015, 12:18:12 PM
 #2665

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  

What do you give us if we don't ?  Wink

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April 29, 2015, 12:22:08 PM
 #2666

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  

What do you give us if we don't ?  Wink
Post-capitalist existence.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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April 29, 2015, 12:31:10 PM
 #2667

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

Yeah, definitely. If you look at some of the addresses of the people who were first posting in this thread, most spend their coins back in 2012. It isn't easy to hold on to your principle and keep holding on to your coins, as it may sound. Scams and Ponzi schemes are pretty tempting at times!

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April 29, 2015, 12:32:35 PM
 #2668

I am pretty confident that most people in this thread, including OP, have panic sold already and have given their wealth to other people for the future. It's the beauty of wealth redistribution.

Yeah, I'd be surprised if he/she was still holding all of their coins they had back at that time. Unfortunately OP's account isn't active anymore, so there's no way of seeing whether he/she is still active and what their decisions actually were, whether to hold on to their coins, cash them out, or lose them in Gox.

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April 29, 2015, 12:38:07 PM
 #2669

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.
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April 29, 2015, 09:33:17 PM
 #2670

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.
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April 30, 2015, 12:07:50 AM
 #2671

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.
It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

I don't mean to rain on your parade or anything, but please consider the possibility of Bitcoin not succeeding, or even failing horribly. This is still a possibility, and not a very slim one, actually. Make sure not to live in a dream world that only revolves around Bitcoin succeeding. That being said, I hope that you are indeed right Smiley

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April 30, 2015, 01:09:17 AM
 #2672

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.
It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

I don't mean to rain on your parade or anything, but please consider the possibility of Bitcoin not succeeding, or even failing horribly. This is still a possibility, and not a very slim one, actually. Make sure not to live in a dream world that only revolves around Bitcoin succeeding. That being said, I hope that you are indeed right Smiley

Yep.  Bitcoin is going to run up against some major fungibility issues if tptb have their way, which could hamper long term success.  I'm pretty sure mid term it will fly, though.  If you are counting on bitcoin to make you wealthy, don't forget to take profits along the way.  Better a few birds in hand than an empty bush  Wink
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May 04, 2015, 10:46:13 AM
 #2673

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

still looks a bit depressing, when you compare it to 2013, not only there was the ath in that year but there were also numerous other high prices, like 230 and 300 peak around april

The April peak only went as high as $265.

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

still looks a bit depressing, when you compare it to 2013, not only there was the ath in that year but there were also numerous other high prices, like 230 and 300 peak around april

2013 was very exciting. Seems a bit boring nowadays.

Unfortunately I didn't hold many bitcoins back then.

I am sure we'll see it again but there needs to be something quite significant happen for this u turn.

Unfortunately, there is speculation that most of this exciting stuff (price-wise) was the result of bots operated by Mt. Gox playing with fake money.

The price is pretty boring these days and has been since the start of 2014 but when it comes to other types of news (mainstream adoption, governments, and Wall Street) I'd say it's actually more exciting than 2013.

For a long time, people have been saying that Bitcoin will spike once again when the new ETF is launched. Not sure what happened to that prediction...

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

Yeah, definitely. If you look at some of the addresses of the people who were first posting in this thread, most spend their coins back in 2012. It isn't easy to hold on to your principle and keep holding on to your coins, as it may sound. Scams and Ponzi schemes are pretty tempting at times!

Not necessarily. They could have simply moved their coins. Either to an exchange or a gambling site or cold storage, etc. Or they could have had multiple addresses and bought something with all of the coins in one address and refilled their balance later into another address. Not everyone keeps their coins in the same address forever. I've probably gone through over 10 addresses since I first became interested in Bitcoin last year.

I am pretty confident that most people in this thread, including OP, have panic sold already and have given their wealth to other people for the future. It's the beauty of wealth redistribution.

Yeah, I'd be surprised if he/she was still holding all of their coins they had back at that time. Unfortunately OP's account isn't active anymore, so there's no way of seeing whether he/she is still active and what their decisions actually were, whether to hold on to their coins, cash them out, or lose them in Gox.

For an extreme example, check out laszlo. He bought a pizza for 10,000 BTC, probably sold most of his coins, and now has 0 BTC:

I spent it all on pizza long ago:  https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4

3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza.  I mean people can say I'm stupid, but it was a great deal at the time.  I don't think anyone could have known it would take off like this. Smiley

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May 04, 2015, 10:56:39 AM
 #2674

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

"They have money for wars, but can't feed the poor"
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May 04, 2015, 11:27:15 AM
 #2675

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

It's not profitable for most miners either. Sad

If you want to read a horror story on the dangers of attempting to trade significant amounts of BTC with zero experience, I would recommend reading this:

http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc

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May 04, 2015, 11:43:18 AM
 #2676

I have not become rich after using bitcoin, but I will continue to try to obtain money from bitcoin

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LFC_Bitcoin
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May 04, 2015, 11:46:36 AM
 #2677

I have not become rich after using bitcoin, but I will continue to try to obtain money from bitcoin

This was a thread started by an early adopter in 2011.
Many who were posting then will have made significant money from BTC.

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May 04, 2015, 12:55:42 PM
 #2678

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

It's not profitable for most miners either. Sad

If you want to read a horror story on the dangers of attempting to trade significant amounts of BTC with zero experience, I would recommend reading this:

http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc

Oh! WOW!

That was a horrible read I feel very sorry for the sister having a brother like that Sad That is not so much the danger of having no experience trading but a long the lines of being a newbie to life and a very unthoughtful brother, greedy and a total waste of space.

Chances are all that money has gone now like a gambler chasing his wins that brother would have lost it all I am sure.

Lets hope it can turn around and make us all the wealthy elite, saying that though I don't really hold enough after buying my first home but that is good enough/

"They have money for wars, but can't feed the poor"
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May 04, 2015, 01:19:18 PM
 #2679

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

It's not profitable for most miners either. Sad

If you want to read a horror story on the dangers of attempting to trade significant amounts of BTC with zero experience, I would recommend reading this:

http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc

Oh! WOW!

That was a horrible read I feel very sorry for the sister having a brother like that Sad That is not so much the danger of having no experience trading but a long the lines of being a newbie to life and a very unthoughtful brother, greedy and a total waste of space.

Chances are all that money has gone now like a gambler chasing his wins that brother would have lost it all I am sure.

Lets hope it can turn around and make us all the wealthy elite, saying that though I don't really hold enough after buying my first home but that is good enough/

Ya, I learned early on that I am not good with day trading. Lost about 400 bitcoins doing so.

Fortunately it was when the price was under $10.

If you are not a day trading expert, just buy and hold (better yet, convert and spend).

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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May 04, 2015, 01:26:41 PM
 #2680

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

It's not profitable for most miners either. Sad

If you want to read a horror story on the dangers of attempting to trade significant amounts of BTC with zero experience, I would recommend reading this:

http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc

Oh! WOW!

That was a horrible read I feel very sorry for the sister having a brother like that Sad That is not so much the danger of having no experience trading but a long the lines of being a newbie to life and a very unthoughtful brother, greedy and a total waste of space.

Chances are all that money has gone now like a gambler chasing his wins that brother would have lost it all I am sure.

Lets hope it can turn around and make us all the wealthy elite, saying that though I don't really hold enough after buying my first home but that is good enough/

Ya, I learned early on that I am not good with day trading. Lost about 400 bitcoins doing so.

Fortunately it was when the price was under $10.

If you are not a day trading expert, just buy and hold (better yet, convert and spend).

That was a lesson learned by you though and you never spent your familys money chasing it did you. The thing is it is not nearly as difficult as people think, I am not great by any means but I am in profit trading and if anyone is interested here is a great site to learn trading basics 'ignore the name' lol http://www.babypips.com this will put most people on the right track then maybe in time they can become the wealthy from bitcoin Wink

"They have money for wars, but can't feed the poor"
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