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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594682 times)
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December 14, 2015, 01:35:29 PM
 #3101

without any doubt! People who deal with bitcoin are the future financial elite!
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December 14, 2015, 02:03:41 PM
 #3102

There is a great possibility it reaches 17000 per BTC, however no one knows.... I personally would be happy to see BTC stay low around the 300 - 400 USD mark so i could aim to buy around 10 for next year.

But that is very unlikely to happen. What you're wishing is that Bitcoin should stay stagnant for the next 10 years regarding the price.
Bitcoin will be either value way higher as now or it will be zero.
Just buy everytime you have some money left.

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December 14, 2015, 02:37:05 PM
 #3103

I love reading old posts in this thread, I see a lot of guys who made a lot of money early on in this thread.

I got into bitcoin around May 2014, I'm not the new wealthy elite from bitcoin but I am a HODLER & have bought regularly since May 2014. Hopefully one day I can post in this thread with justification.

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December 15, 2015, 11:55:41 PM
 #3104

I love reading old posts in this thread, I see a lot of guys who made a lot of money early on in this thread.

I got into bitcoin around May 2014, I'm not the new wealthy elite from bitcoin but I am a HODLER & have bought regularly since May 2014. Hopefully one day I can post in this thread with justification.

Hold and it will pay off. Has to.

Though I keep saying it to everyone, I tend so sell mine recently. Hoping to buy some ASAP.
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December 16, 2015, 12:32:43 AM
 #3105

I just hope Bitcoin rises enough in my lifetime to really make a difference.     
I know I will likely make a decent profit of it, but will it really allow me to retire early or really supplement my income enough so that I can do what I want instead of slaving myself away for a wage? I hope so.
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December 16, 2015, 01:52:49 AM
 #3106

I just hope Bitcoin rises enough in my lifetime to really make a difference.     
I know I will likely make a decent profit of it, but will it really allow me to retire early or really supplement my income enough so that I can do what I want instead of slaving myself away for a wage? I hope so.

It's still early, it will make a difference. Let's see what this halving next year will do to the economy and the price, if it lives up to our expectation, rising significantly, then we should expect the same trend on the future halvings - which would mean it'll really be huge when the time comes.

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December 16, 2015, 04:11:21 AM
 #3107

I just hope Bitcoin rises enough in my lifetime to really make a difference.     
I know I will likely make a decent profit of it, but will it really allow me to retire early or really supplement my income enough so that I can do what I want instead of slaving myself away for a wage? I hope so.

We all hope for that, but it will take longer than expected.

About a 10,000$ price would be good for starters, but it can take 10 years, which is still good,  some of us here are 50 year olds, and they would like to see financial freedom by 60 to have a good retirement, not crappy pensions.

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December 16, 2015, 04:20:56 AM
 #3108

I think it's all a dream indeed, all users of the BTC wordwide.

If indeed it happens maybe BTC will beat all the currencies in the world and all the people turn to wear the BTC.

and if it materializes. I will help people who are trouble and will help underprivileged children to attend school so that they can achieve goals that are lost due to economy
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December 16, 2015, 04:22:10 AM
 #3109

if wages for manual labor are falling in real terms (after adjusting for inflation), it's because the value of manual labor is decreasing, not because we have consistent inflation at around 2% per year. Sure, that's bad for people doing manual labor, but it's not due to inflation
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December 16, 2015, 04:23:16 AM
 #3110

My dream personally is to see the mass adoption of BTC. So far the OP has been right.


 
 
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RealBitcoin
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December 16, 2015, 04:28:11 AM
 #3111

if wages for manual labor are falling in real terms (after adjusting for inflation), it's because the value of manual labor is decreasing, not because we have consistent inflation at around 2% per year. Sure, that's bad for people doing manual labor, but it's not due to inflation

Yep, real wages are decreasing because of automation.

However it is also decreasing because it's stolen from us by inflation of the fiat system. So it's double decreasing.

People should learn about Bitcoin fast or they will starve on the streets in a few years.

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December 16, 2015, 05:06:41 AM
 #3112

Wish I had been there, it took me a while to discover Bitcoins unfortunately. But I wholeheartedly support the idea.
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December 16, 2015, 05:50:45 AM
 #3113

Wish I had been there, it took me a while to discover Bitcoins unfortunately. But I wholeheartedly support the idea.

I was there and after the crash to $2 (down over 90%), then $7 looked great so selling out came way too easy.
Too bad, & life goes on...
Bitcoin is a great adventure for those both rich and poor.   

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December 16, 2015, 05:58:30 AM
 #3114

I am kinda late to the party so to speak but it's better late than never right. Hope to have something to hold onto in 2016.

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December 16, 2015, 06:53:42 AM
 #3115

There is a great possibility it reaches 17000 per BTC, however no one knows.... I personally would be happy to see BTC stay low around the 300 - 400 USD mark so i could aim to buy around 10 for next year.

But that is very unlikely to happen. What you're wishing is that Bitcoin should stay stagnant for the next 10 years regarding the price.
Bitcoin will be either value way higher as now or it will be zero.
Just buy everytime you have some money left.

I think BTC has a lot of growth (keep in mind inflation is ridiculous and WILL absolutely impact BTC), but it will take a long time. We are hitting strong downward pressure after every $10. If we even get to 600, it's going to be a huge wall. Then 650, 700, 750... -> ATH. And after the ATH it's going to be one wall after another.

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December 16, 2015, 08:09:30 AM
 #3116

There is a great possibility it reaches 17000 per BTC, however no one knows.... I personally would be happy to see BTC stay low around the 300 - 400 USD mark so i could aim to buy around 10 for next year.

But that is very unlikely to happen. What you're wishing is that Bitcoin should stay stagnant for the next 10 years regarding the price.
Bitcoin will be either value way higher as now or it will be zero.
Just buy everytime you have some money left.

I think BTC has a lot of growth (keep in mind inflation is ridiculous and WILL absolutely impact BTC), but it will take a long time. We are hitting strong downward pressure after every $10. If we even get to 600, it's going to be a huge wall. Then 650, 700, 750... -> ATH. And after the ATH it's going to be one wall after another.

ATH  coming Jan 2016. And it wont be hard to get there.
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December 16, 2015, 08:40:41 AM
 #3117

There is a great possibility it reaches 17000 per BTC, however no one knows.... I personally would be happy to see BTC stay low around the 300 - 400 USD mark so i could aim to buy around 10 for next year.

But that is very unlikely to happen. What you're wishing is that Bitcoin should stay stagnant for the next 10 years regarding the price.
Bitcoin will be either value way higher as now or it will be zero.
Just buy everytime you have some money left.

I think BTC has a lot of growth (keep in mind inflation is ridiculous and WILL absolutely impact BTC), but it will take a long time. We are hitting strong downward pressure after every $10. If we even get to 600, it's going to be a huge wall. Then 650, 700, 750... -> ATH. And after the ATH it's going to be one wall after another.

ATH  coming Jan 2016. And it wont be hard to get there.

Don't entirely disagree..but imho it will be all due to China folk again...thus a bubble...if we are lucky 1000 then back to 450 500 after it dumps out (assuming that china leaves the party again ie bubble)..I just don't see enough adoption or killer apps out there in the rest of the world for it to be otherwise...china folk for whatever reason are way ahead on this..thus fad status kinda sorta on how to get $$$ out of china asap while the party lasts....well does not seem to me to be long term at 1000 and above kinda growth

I hope I'm wrong and I'll take it...but just saying could be a rinse/wash/repeat of 2013 etc with no other worldwide adoption to hold it at that 1000 buck price Sad

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December 16, 2015, 01:46:24 PM
 #3118

There is a great possibility it reaches 17000 per BTC, however no one knows.... I personally would be happy to see BTC stay low around the 300 - 400 USD mark so i could aim to buy around 10 for next year.

But that is very unlikely to happen. What you're wishing is that Bitcoin should stay stagnant for the next 10 years regarding the price.
Bitcoin will be either value way higher as now or it will be zero.
Just buy everytime you have some money left.

I think BTC has a lot of growth (keep in mind inflation is ridiculous and WILL absolutely impact BTC), but it will take a long time. We are hitting strong downward pressure after every $10. If we even get to 600, it's going to be a huge wall. Then 650, 700, 750... -> ATH. And after the ATH it's going to be one wall after another.

ATH  coming Jan 2016. And it wont be hard to get there.

Don't entirely disagree..but imho it will be all due to China folk again...thus a bubble...if we are lucky 1000 then back to 450 500 after it dumps out (assuming that china leaves the party again ie bubble)..I just don't see enough adoption or killer apps out there in the rest of the world for it to be otherwise...china folk for whatever reason are way ahead on this..thus fad status kinda sorta on how to get $$$ out of china asap while the party lasts....well does not seem to me to be long term at 1000 and above kinda growth

I hope I'm wrong and I'll take it...but just saying could be a rinse/wash/repeat of 2013 etc with no other worldwide adoption to hold it at that 1000 buck price Sad

I think that's the most rational thing anyone has said it in this thread yet. Any increase in price at this point will be short lived and the roller coaster isn't at the end of the tracks yet. Bitcoin is so tiny still that just about anyone with a substantial amount of money can move the market. The Chinese are having good fun playing with Bitcoin right now. What's going to happen when they decide to move on to something new? We have lots of bubbles left to go.

The market cap of Bitcoin is a whopping $6.5 billion. That's a tiny amount of money compared to even individual businesses, which makes discussing it as a national currency a serious fantasy. For comparison here's the amount of money that a few large companies hide off shore and these companies are worth way more than this:

Apple $111.3 billion
General Electric $110 billion
Microsoft $92.9 billion
Pfizer $69 billion
Merck $57.1 billion
IBM  $52.3 billion
Johnson & Johnson $50.9 billion

Any of the above could buy every cryptocurrency in existence multiple times with just the money they're hiding from the US tax authority.

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December 16, 2015, 03:43:30 PM
 #3119


I think that's the most rational thing anyone has said it in this thread yet. Any increase in price at this point will be short lived and the roller coaster isn't at the end of the tracks yet. Bitcoin is so tiny still that just about anyone with a substantial amount of money can move the market. The Chinese are having good fun playing with Bitcoin right now. What's going to happen when they decide to move on to something new? We have lots of bubbles left to go.

They wont go anywhere given the capital controls there, bitcoin is a hedge against fiat, and so far fiat is getting worse and worse every day.

Capital controls, impending hyperinflation, and huge regulations. Nope bitcoin is still nr 1.




The market cap of Bitcoin is a whopping $6.5 billion. That's a tiny amount of money compared to even individual businesses, which makes discussing it as a national currency a serious fantasy. For comparison here's the amount of money that a few large companies hide off shore and these companies are worth way more than this:


And the ECB is printing trillions of euros, not to mention the impending negative interest rates that will hyper-expand the currency supply.

That 6.5 billion $ is secured, and wont lose it's value. The rest of them are getting eroded by the minute.

Other dollar bills will flee to bitcoin to avoid erosion Wink

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December 16, 2015, 07:37:50 PM
 #3120


I think that's the most rational thing anyone has said it in this thread yet. Any increase in price at this point will be short lived and the roller coaster isn't at the end of the tracks yet. Bitcoin is so tiny still that just about anyone with a substantial amount of money can move the market. The Chinese are having good fun playing with Bitcoin right now. What's going to happen when they decide to move on to something new? We have lots of bubbles left to go.

They wont go anywhere given the capital controls there, bitcoin is a hedge against fiat, and so far fiat is getting worse and worse every day.

Capital controls, impending hyperinflation, and huge regulations. Nope bitcoin is still nr 1.




The market cap of Bitcoin is a whopping $6.5 billion. That's a tiny amount of money compared to even individual businesses, which makes discussing it as a national currency a serious fantasy. For comparison here's the amount of money that a few large companies hide off shore and these companies are worth way more than this:


And the ECB is printing trillions of euros, not to mention the impending negative interest rates that will hyper-expand the currency supply.

That 6.5 billion $ is secured, and wont lose it's value. The rest of them are getting eroded by the minute.

Other dollar bills will flee to bitcoin to avoid erosion Wink

You do realize btc is denominated in fiat and the number of businesses where you can spend them directly or trade them for fiat worldwide is infinitesimally small, right? Are you high? Bitcoin is secured by nothing. Historically, the favorite assets for hedging against inflation have been gold, property and recently Inflation-indexed securities. These assets increase in value in very close correlation to the value of money. Bitcoin does not. Bitcoin increases in value when some fat latte drinking French bastard cheats his exchange with custom written bots. In fact, I've never seen any proof that shows all the exchanges aren't doing the same thing. The ground underneath Bitcoin is like walking on jello. I love Bitcoin but ones survival requires living in the land of reality.

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