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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508316 times)
larem
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December 28, 2015, 06:34:49 AM
 #3181

Reading the first pages of this thread are so satisfying. I could see the nostalgia of those people who were from the thread.

I agree, Bitcoin has so much potential its ridiculous. As soon as the cartels, catch on to Bitcoin it will add 100's of millions into the Bitcoin economy. Think about it, Columbia cocaine producers get a payment of bitcoins from mexico, no need to try and smuggle money through mexico into columbia.

It's probably double-edged sword, when that time comes there'll be so much regulation using it won't be as cheap and convenient as we are using it right now.

ah, but how do you EFFECTIVELY regulate a peer to peer pseudo anonymous system that knows no borders?

Make people fear using it. Block traditional methods (banks/exchanges).

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December 28, 2015, 06:40:14 AM
 #3182

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

larem
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December 28, 2015, 06:41:30 AM
 #3183

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

BTC can be replaced at any time. The infrastructure is compatible with any other alt.

sakinaka
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December 28, 2015, 06:42:13 AM
 #3184

Well, indeed we are the new wealthy elite. Great prediction from years ago.

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December 28, 2015, 07:30:19 AM
 #3185

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

BTC can be replaced at any time. The infrastructure is compatible with any other alt.

Yes, for sure it could be replaced, but what would the incentive be to do it? There are 1000's of companies and merchants around the world invested in it and it's backed by one of

the strongest decentralized networks on earth. The new alt coin would have to be brilliant for people to migrate away from Bitcoin or Bitcoin would have to have some major

flaws for people to start doing it. For now, we are still potentially wealthy contenders.  Roll Eyes

larem
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December 28, 2015, 08:27:52 AM
 #3186

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

BTC can be replaced at any time. The infrastructure is compatible with any other alt.

Yes, for sure it could be replaced, but what would the incentive be to do it? There are 1000's of companies and merchants around the world invested in it and it's backed by one of

the strongest decentralized networks on earth. The new alt coin would have to be brilliant for people to migrate away from Bitcoin or Bitcoin would have to have some major

flaws for people to start doing it. For now, we are still potentially wealthy contenders.  Roll Eyes

They're invested in the backbone itself, not Bitcoin. There is a HUGE difference. It's like saying "why would that airport switch from airplanes to helicopters? They already set themselves up for airplanes." They're easily cross-compatible.

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December 28, 2015, 10:29:27 AM
 #3187

i am still far away from the wealthy elites. i need a lot a lot more btc in order to be consider as elite and wealthy. hope to get more btc. it is so hard to get now.

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December 28, 2015, 10:44:06 AM
 #3188

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

BTC can be replaced at any time. The infrastructure is compatible with any other alt.



They're invested in the backbone itself, not Bitcoin. There is a HUGE difference. It's like saying "why would that airport switch from airplanes to helicopters? They already set themselves up for airplanes." They're easily cross-compatible.


Yes, for sure it could be replaced, but what would the incentive be to do it? There are 1000's of companies and merchants around the world invested in it and it's backed by one of

the strongest decentralized networks on earth. The new alt coin would have to be brilliant for people to migrate away from Bitcoin or Bitcoin would have to have some major

flaws for people to start doing it. For now, we are still potentially wealthy contenders.  Roll Eyes


I beg to differ... a lot of them invested in the currency "token" not the Blockchain technology. Some of them have huge amounts of bitcoins hoarded and would not just swap

over to a new token for no reason. There are many Alt coins out there, with better features than Bitcoin, but the majority of the people still stay with Bitcoin. Yes, it might

happen, IF a flaw is identified... but then EVERYONE would be selling and running away. This flaw could also be patched and things would go on as normal. Just remember.. Bitcoin

can easily adapt to changing needs... we just need a consensus.  Wink

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December 28, 2015, 11:25:10 AM
 #3189

i am still far away from the wealthy elites. i need a lot a lot more btc in order to be consider as elite and wealthy. hope to get more btc. it is so hard to get now.

If you do only sig campaigns then it is. Try out investing somewhere it might make you bigger profits.

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December 28, 2015, 11:31:52 AM
 #3190

I am pretty sure next year will be good year for bitcoin,

if bitcoin hit 1000$ I would go to vacation with my whole family and pay all of my mortgage

so thats why i am trying so hard this year to earn more bitcoin

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December 28, 2015, 12:14:13 PM
 #3191

i am still far away from the wealthy elites. i need a lot a lot more btc in order to be consider as elite and wealthy. hope to get more btc. it is so hard to get now.

buy more bitcoin, with your day job, there is no other option, to accumulate more, while the price is still low enough for average joe to enter, i consider below 1k reachable for many

no other good way to accumulate directly bitcoin anymore, this is the last stand i think

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December 28, 2015, 12:19:43 PM
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I will second you that also I am confident about to be part of new elite of Bitcoin in future.Although it is taking taking time but one thing is sure there will a significant rise in price of Bitcoin over the time.

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December 28, 2015, 12:22:20 PM
 #3193

In couple of years these current prices will be part of past and one would just wish to had invested some part of ones savings in Bitcoin.Bitcoin just like every new innovation will reward it holders and creates new richer persons for sure.

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December 28, 2015, 12:24:44 PM
 #3194

Price of bitcoin realistically can reach at around 5000-10000$ maximum.Those who have at least 10 bitcoins in their portfolio will benefit from this dramatic increase in price ,whenever it will happen.

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December 28, 2015, 12:26:51 PM
 #3195

There are lot of predictions regarding possible ATH in future which varies from 2k to 100 k $ for 1 BTC.I would be happy if we will be able to see anywhere between this range of price.
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December 28, 2015, 12:30:28 PM
 #3196

I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...

There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.

BTC can be replaced at any time. The infrastructure is compatible with any other alt.

Yes, for sure it could be replaced, but what would the incentive be to do it? There are 1000's of companies and merchants around the world invested in it and it's backed by one of

the strongest decentralized networks on earth. The new alt coin would have to be brilliant for people to migrate away from Bitcoin or Bitcoin would have to have some major

flaws for people to start doing it. For now, we are still potentially wealthy contenders.  Roll Eyes

They're invested in the backbone itself, not Bitcoin. There is a HUGE difference. It's like saying "why would that airport switch from airplanes to helicopters? They already set themselves up for airplanes." They're easily cross-compatible.

Although another coin could replace bitcoin, this happeining anytime soon is pretty unlikly id say. If millions of people end up putting money into bitcoin either to use or as an investment its goin to take something pretty serious to convince them to try what at the end of the day is just some alt coin. Bitcoin is cryptocurrency. there can be only one!! (main one)

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December 28, 2015, 01:19:34 PM
 #3197


Although another coin could replace bitcoin, this happeining anytime soon is pretty unlikly id say. If millions of people end up putting money into bitcoin either to use or as an investment its goin to take something pretty serious to convince them to try what at the end of the day is just some alt coin. Bitcoin is cryptocurrency. there can be only one!! (main one)

Yep the top 20 already contains better coins than bitcoin or with better features, yet bitcoin still owns 97% of the total altcoin market share.

So that replacement either will never come or it will take many years, and give people a fair chance to switch to the new coin in time.

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February 28, 2016, 02:18:58 AM
 #3198

There is something to be said about enjoying the journey for sure! It is so weird waking up day after day to amazing growth. We are still so new to this it is almost shocking. I keep thinking and waiting for this huge crash back to reality but then we had this supposed "crash" this week and we are still well above our initial investment. 

We are relatively late to this too. I can only imagine what it is like for some of you that bought coins in the $1-$10 range and held until now. Crazy.
But part of the fun of all of this is the anticipation for sure. Even if Bitcoin does not reach the super high milestones predicted by some, it has been way too much fun so far! Almost addicting really. I might need some therapy here soon.
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February 28, 2016, 06:15:55 AM
 #3199

There is something to be said about enjoying the journey for sure! It is so weird waking up day after day to amazing growth. We are still so new to this it is almost shocking. I keep thinking and waiting for this huge crash back to reality but then we had this supposed "crash" this week and we are still well above our initial investment. 

We are relatively late to this too. I can only imagine what it is like for some of you that bought coins in the $1-$10 range and held until now. Crazy.
But part of the fun of all of this is the anticipation for sure. Even if Bitcoin does not reach the super high milestones predicted by some, it has been way too much fun so far! Almost addicting really. I might need some therapy here soon.

Welcome to the beginning.
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February 28, 2016, 06:48:56 AM
 #3200

There is something to be said about enjoying the journey for sure! It is so weird waking up day after day to amazing growth. We are still so new to this it is almost shocking. I keep thinking and waiting for this huge crash back to reality but then we had this supposed "crash" this week and we are still well above our initial investment.  

We are relatively late to this too. I can only imagine what it is like for some of you that bought coins in the $1-$10 range and held until now. Crazy.
But part of the fun of all of this is the anticipation for sure. Even if Bitcoin does not reach the super high milestones predicted by some, it has been way too much fun so far! Almost addicting really. I might need some therapy here soon.

I heard an my friend known on online opportunities and a very capable professional person tell me during a discussion that bitcoin is the gold of the virtual world. We were discussing together about the value of a new asset which practically at the moment have not any kind of use but according to me has great potential. He told me the opposite (with reason) arguing that have not value something that have not use. I remembered to him the bought of pizza for 10 000 bitcoins (so even bitcoin was firstly without any kind of value) and he told that the actual value of the asset is a speculative one (having any kind of use). I am stopping here further explanations about our discussions brought here only to tell that the discussion went ahead even after his definition of bitcoin like the gold (make at the beginning of our discussion) and only to tell that this definition didn't made me any kind of impression. And continued my discussion with him even after hearing that. Then reading again all the discussion (was a chat discussion) understand really the value of this expression. Fits exactly with my meaning of its value. I am a lover of bitcoin. But more as a technological product than like e currency. And, as for me, exactly in this way can be understand his value. Mainly as a technological point of value. As a ethalon of every product born after it using the same technology. And like such, its life is (will be) yet to be lived even for much much more time. And its value will be always a point of reference (whatever can be its figure). Exactly like gold in the real world.

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