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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 608934 times)
LiteCoinGuy
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In Satoshi I Trust


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July 18, 2015, 06:40:29 PM
 #2841

Actually Satoshi Nakamoto said something along the lines of "if Bitcoin isn't used everywhere in 10 or 20 years it will not exist" so he clearly aimed for a global usage. Bitcoin is exactly that, all or nothing, it was never designed to stop at some sort of small internet niche, this is really the next level in money and not only that, in tons of things as well since we know the Blockchain can be used for endless tasks.

The holy lord said:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

1511452164
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errornone
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error


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July 18, 2015, 07:44:16 PM
 #2842

After the BOOM of bitcoin, what was the low price it ever was?

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Scamc0p
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July 18, 2015, 07:53:14 PM
 #2843

After the BOOM of bitcoin, what was the low price it ever was?
I saw it was $124 going through all the threads from the past 2 years. Earlier than that, I wouldn't want to guess. Remember it being said it was $50 but that was at the btc rate increase.
Bagatell
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July 18, 2015, 08:14:58 PM
 #2844

After the BOOM of bitcoin, what was the low price it ever was?
I saw it was $124 going through all the threads from the past 2 years. Earlier than that, I wouldn't want to guess. Remember it being said it was $50 but that was at the btc rate increase.

$100 on Bitfinex Feb 2014

https://bitcoinwisdom.com/markets/bitfinex/btcusd
errornone
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error


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July 19, 2015, 12:33:12 AM
 #2845

that was before 1000$ BTC price.


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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political


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July 19, 2015, 01:15:04 AM
 #2846

Actually Satoshi Nakamoto said something along the lines of "if Bitcoin isn't used everywhere in 10 or 20 years it will not exist" so he clearly aimed for a global usage. Bitcoin is exactly that, all or nothing, it was never designed to stop at some sort of small internet niche, this is really the next level in money and not only that, in tons of things as well since we know the Blockchain can be used for endless tasks.

The holy lord said:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

'very large' is relative.  we are already very large compared to any reasonable expectations based on 2010's sentiment.

still, one can infer exponential growth from Satoshi's statement and that appears to be happening.

Amph
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July 19, 2015, 08:34:01 AM
 #2847

that was before 1000$ BTC price.



it was after actually because 1k happened around january, but it does not mean anything because a manipulated price like that on one exchange only does not count at all
QuestionAuthority
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July 19, 2015, 01:28:06 PM
 #2848

that was before 1000$ BTC price.



it was after actually because 1k happened around january, but it does not mean anything because a manipulated price like that on one exchange only does not count at all

Finally, someone gets it. Bitcoin has never hit $1k exchange rate. That was a Karpeles con. It's actually a testament to Bitcoin's success that we've held stable at the $250-$300 range for so long. There's nothing wrong with it taking 30 years to reach $1k exchange rate. Most people just don't want to believe it will take that long because that doesn't fit neatly into their early retirement plan.

ragi
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July 19, 2015, 02:23:57 PM
 #2849

Bitcoin has never hit $1k exchange rate. That was a Karpeles con.
So yesterday's dip on btc-e to 150USD is btc-e con?

no.
Moonpig
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July 19, 2015, 03:00:17 PM
 #2850

that was before 1000$ BTC price.



it was after actually because 1k happened around january, but it does not mean anything because a manipulated price like that on one exchange only does not count at all

Finally, someone gets it. Bitcoin has never hit $1k exchange rate. That was a Karpeles con. It's actually a testament to Bitcoin's success that we've held stable at the $250-$300 range for so long. There's nothing wrong with it taking 30 years to reach $1k exchange rate. Most people just don't want to believe it will take that long because that doesn't fit neatly into their early retirement plan.

Well, it did hit it regardless of manipulation. Maybe someone could manipulate it back there too. I do think it is going to take a while for us to get back to 1k but if bitcoin is adopted by a major industry or company then I think we'll get their sooner than people think.
Emelina
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Cute Dinosaur - rawR!


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July 19, 2015, 03:49:03 PM
 #2851

Alright but i do not think he is cute enough.
ransomer
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July 19, 2015, 04:26:02 PM
 #2852

Actually Satoshi Nakamoto said something along the lines of "if Bitcoin isn't used everywhere in 10 or 20 years it will not exist" so he clearly aimed for a global usage. Bitcoin is exactly that, all or nothing, it was never designed to stop at some sort of small internet niche, this is really the next level in money and not only that, in tons of things as well since we know the Blockchain can be used for endless tasks.

The holy lord said:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

He was clever.

I completely agree. There is no middle ground. People are on this because it's the next big thing. Those hopes will either come true or be shattered.

Let's find ways for individuals to keep their bitcoins safe... I think we need big corporations to come in and guarantee they can keep them safe for us. I cannot see any other option right now... I know some would not like this, but what is the alternative?
QuestionAuthority
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You lead and I'll watch you walk away.


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July 19, 2015, 08:49:07 PM
 #2853

Bitcoin has never hit $1k exchange rate. That was a Karpeles con.
So yesterday's dip on btc-e to 150USD is btc-e con?

REPORT SUGGESTS MTGOX FRAUD LED TO $1200 BITCOIN PRICE

https://www.cryptocoinsnews.com/report-mtgox-fraud-led-to-1200-bitcoin-price/

Biomech
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Anarchy is not chaos.


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July 19, 2015, 09:43:23 PM
 #2854

sorry for a little bit off topic question, but how a guest can write on this forum? the 1st post was posted by an anonymous poster that was guest am i getting something wrong?

He wasn't a guest, he was Atlas, a fairly infamous troll who got permanently banned.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
Bit_Happy
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A Great Time to Start Something!


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July 19, 2015, 09:51:11 PM
 #2855

sorry for a little bit off topic question, but how a guest can write on this forum? the 1st post was posted by an anonymous poster that was guest am i getting something wrong?

He wasn't a guest, he was Atlas, a fairly infamous troll who got permanently banned.

I suppose he really earned the lifetime ban:
Has there been even 10 perma-bans in forum history?
Five?

knowhow
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July 19, 2015, 10:51:39 PM
 #2856

well its amazing see a thread from 2011 here and the speculations on the bitcoin price ,and where it had achieve some years late,and we still the new wealthy elite as title says
MoonShadow
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July 23, 2015, 07:24:25 AM
 #2857

sorry for a little bit off topic question, but how a guest can write on this forum? the 1st post was posted by an anonymous poster that was guest am i getting something wrong?

He wasn't a guest, he was Atlas, a fairly infamous troll who got permanently banned.

I suppose he really earned the lifetime ban:
Has there been even 10 perma-bans in forum history?
Five?

On this forum, I'm pretty sure just the one.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Jhacker
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July 23, 2015, 07:36:32 AM
 #2858

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Long term, maybe. Where are the ads on TV advertising smartphone bitcoin wallets? Where are the armies of sales teams spreading it to merchants? Where are the large scale buys of bitcoin by banks, hedge funds, VC, and other institutions, driving the price sky high? The ability to do all this is there, but for some reason the wheels are not turning.

errornone
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error


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July 23, 2015, 08:40:28 AM
 #2859

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Long term, maybe. Where are the ads on TV advertising smartphone bitcoin wallets? Where are the armies of sales teams spreading it to merchants? Where are the large scale buys of bitcoin by banks, hedge funds, VC, and other institutions, driving the price sky high? The ability to do all this is there, but for some reason the wheels are not turning.

because you cant do nothing with bitcoin that you cant already do with fiat currency. this is the real and hard true.

error
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💎 💎 💎 💎 💎


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July 23, 2015, 08:42:36 AM
 #2860

We should be happy that we are familiar with this technology.

Let me know if you want to earn BTC.
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