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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594727 times)
stromma44
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June 14, 2016, 08:01:45 PM
 #3241

we are back to be the rich elite now...

happy to see Smiley

Well that depends how much coins you actually hold I would say.
With the actual price per BTC you should definitely own 1000+ coins to call yourself wealthy or rich.
If you are one of the lucky guys who is having that much coins I congratulate you.If not, well keep working on it, as we all do right?! Wink
You don't necessarily need to own 1000+ coins to call yourself rich because it actually depends on where you live. In America, holding on to just 1 makes you richer than nearly 30%+ of their population. In here, holding 1btc makes you one of the upper half status.

Exactly it depends on in which country you are living, what is the cost of living, and in some countries even 10 btc can take best care of you and your lifestyle.
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June 14, 2016, 09:09:14 PM
 #3242

I hope to one day join the club and be Able to post in here and tell the many dramas about how being rich has changed my life.  But until then i can only watch from the sidelines  Sad

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June 14, 2016, 10:04:56 PM
 #3243

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.

Yeah, I mean I wouldn't just go about this all willy nilly and say that it is a guaranteed type of thing to end up being a wealthy person from such a big time investment (I don't care what people on here say, but $1K+ investments are big money)... I know people hit it big and technically they have a lot of money holding in btc, but to say that someone should at least invest $7K to feel good about their holdings is pretty ludicrous... I guess I've just grown up poor and know what it's like not having much to throw around.

But yeah I agree, different perspectives and approaches to certain things for everyone.

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June 14, 2016, 11:22:01 PM
 #3244

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.

Yeah, I mean I wouldn't just go about this all willy nilly and say that it is a guaranteed type of thing to end up being a wealthy person from such a big time investment (I don't care what people on here say, but $1K+ investments are big money)... I know people hit it big and technically they have a lot of money holding in btc, but to say that someone should at least invest $7K to feel good about their holdings is pretty ludicrous... I guess I've just grown up poor and know what it's like not having much to throw around.

But yeah I agree, different perspectives and approaches to certain things for everyone.



I'm not trying to denigrate anyone's perspective regarding what is good for them; however, there is a certain kind of connotation that goes with being "new wealthy elite, gentlemen"  Of course, if the price goes up 1,000x or more, then smaller investments are going to make someone considerably well off.

Nonetheless, like I suggested, I believe that this thread did start out with bitcoin's less than $10 and many of the then subscribers owning more then 10k btc.. So there is some perspective regarding whether we are targeting being  "new wealthy elite, gentlemen" from an international or western perspective or if we are considering the same from a location that does not take as much capital in order to be considered a  "new wealthy elite, gentlemen."

I think that is part of the reason why I also suggested that people attempt to put in as much as they can afford and without necessarily leveraging (though sometimes there could be additional profits from leveraging, so there is some gambling involved with taking such a leveraged approach to attempt to achieve  "new wealthy elite, gentlemen" goals)




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June 16, 2016, 12:29:31 PM
 #3245

hope we will be in future. i am also agree with you. hope that in future we will be the elite gentlmen of our society.
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June 17, 2016, 11:34:35 PM
 #3246

lol Lendary Thread
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June 18, 2016, 08:09:55 AM
 #3247

lol Lendary Thread

Definitely. The fact that it's posted by an anonymous person as well just makes this thread so special.

I definitely agree with you even now. Although some people may say that bitcoin has no future and the price is already at its highest, and it may never go higher again, I believe in otherwise. I believe in bitcoin, and I believe that whoever believes in it will get rewarded A LOT.

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June 18, 2016, 10:46:14 AM
 #3248

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...
https://www.youtube.com/watch?v=8sLeqsMOi00
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June 18, 2016, 11:09:23 AM
 #3249

I shall keep a significant sum of my earnings into bitcoins, I have a lot of faith in it's future, let's see how it goes
and hope for the best.
I hope you're right though.

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June 18, 2016, 12:39:06 PM
 #3250

Remember, gentlemen,

This thread was created in the early days of BTC.

Right now, I'm confident that OP is now part of the wealthy elite.

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June 18, 2016, 12:48:45 PM
 #3251

Omg, first post was in 2011, very happy to see a thread like this, what to take part of your gentlemens club, gentlemens Smiley
Long live bitcoin!

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June 18, 2016, 12:58:53 PM
 #3252

OP deleted his account it seems, probably because he is so rich now that he doesn't want to post on forums anymore and is enjoying his new found wealth.

Hopefully we can be like OP in a couple of years. HODL.

OP is Atlas. A notorious troll who got banned in the end for faking (?) a suicide attempt.
That sounds like quite the interesting story. What happened, exactly? Why would he suicide if he made a thread basically saying that he was rich? (I assume Atlas was an early investor/miner)

By now, he should be really, really rich..

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June 18, 2016, 04:18:34 PM
 #3253

OP deleted his account it seems, probably because he is so rich now that he doesn't want to post on forums anymore and is enjoying his new found wealth.

Hopefully we can be like OP in a couple of years. HODL.

OP is Atlas. A notorious troll who got banned in the end for faking (?) a suicide attempt.
That sounds like quite the interesting story. What happened, exactly? Why would he suicide if he made a thread basically saying that he was rich? (I assume Atlas was an early investor/miner)

By now, he should be really, really rich..

OP deleted his account it seems, probably because he is so rich now that he doesn't want to post on forums anymore and is enjoying his new found wealth.

Hopefully we can be like OP in a couple of years. HODL.

He was a 16 year old self proclaimed nihilist kid from Texas with mental problems, abused by his parents, that tried to commit suicide and posted about it on this forum.

The mighty:



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June 19, 2016, 09:33:50 AM
 #3254

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.
Great advises for  new comers, but I think for a regular joe it is hard to acquire a 10BTC having considering that the value is changing. The market is changing everyone is changing. We will never know when is the time that BTC will change its value to a tremendous scale.
It is a good thing to save now, and have a good future.

 

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JayJuanGee
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June 19, 2016, 09:52:09 AM
 #3255

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.
Great advises for  new comers, but I think for a regular joe it is hard to acquire a 10BTC having considering that the value is changing. The market is changing everyone is changing. We will never know when is the time that BTC will change its value to a tremendous scale.
It is a good thing to save now, and have a good future.

O.k.  Maybe I am kind of assuming too much about folks when I suggest targeting 10BTC to 100BTC.

If someone is really brand new to BTC, then they may need to figure out a way to budget a portion of their income.

Let's say for example, that you have $1,000 per month in income and your rent and basic expenses cause you to have to spend about $750.  Then you have $250 left, but you have other expenses too, and maybe in the end, you can only afford $100 per month.

Everyone is going to have different amounts that they are able to set aside depending on their circumstances, and bitcoin likely remains a decent investment, but there may be a need to engage in a kind of dollar cost averaging investment, in the event that a person does not already have a savings that s/he can transfer into bitcoin, and s/he just puts in as much as s/he can reasonably afford to do so without causing personal hardship (s).





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June 19, 2016, 11:02:28 AM
 #3256

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.
Great advises for  new comers, but I think for a regular joe it is hard to acquire a 10BTC having considering that the value is changing. The market is changing everyone is changing. We will never know when is the time that BTC will change its value to a tremendous scale.
It is a good thing to save now, and have a good future.

O.k.  Maybe I am kind of assuming too much about folks when I suggest targeting 10BTC to 100BTC.

If someone is really brand new to BTC, then they may need to figure out a way to budget a portion of their income.

Let's say for example, that you have $1,000 per month in income and your rent and basic expenses cause you to have to spend about $750.  Then you have $250 left, but you have other expenses too, and maybe in the end, you can only afford $100 per month.

Everyone is going to have different amounts that they are able to set aside depending on their circumstances, and bitcoin likely remains a decent investment, but there may be a need to engage in a kind of dollar cost averaging investment, in the event that a person does not already have a savings that s/he can transfer into bitcoin, and s/he just puts in as much as s/he can reasonably afford to do so without causing personal hardship (s).





yes it is a fact but it depend on the bitcoin rate and its price. if it is going up and continue its trend then it is possible that we will be the next gentle men having a lot of money .
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June 19, 2016, 05:42:54 PM
 #3257

how many btc do i need to have in order to be a part of this elite club


I think that at the time of Op, there were quite a few people who owned 10k BTC and more because it would only cost a grand or less to accomplish such holdings.

Sure, over time the amount of coins is going to change and feeling wealthy is kind of relative, but probably, a person needs to minimally attempt to acquire 10 BTC at this price point.. and, yeah, if you can acquire 100 or more BTC at this point, you will likely be in decent shape in the future.

I don't really recommend investing balls to the walls, but if you are newbie getting into bitcoin now, then maybe you could front load a bit and then buy on dips and sell very small amounts on rises while keeping in mind that your goal is to attempt to accumulate as many coins as you can within your own budget.  By the way, I also don't believe in leveraging or borrowing in order to achieve such goals, but it could work out well in certain scenarios, even though it remains a fairly risky proposition (to leverage your BTC investment).

So, maybe newbies could target 10BTC to 100BTC, and just attempt to be reasonable in your acquisition and accumulation process.

Of course, perspectives and approaches are going to vary, so each of us has to find his/her own comfort level in this regard.
Great advises for  new comers, but I think for a regular joe it is hard to acquire a 10BTC having considering that the value is changing. The market is changing everyone is changing. We will never know when is the time that BTC will change its value to a tremendous scale.
It is a good thing to save now, and have a good future.

O.k.  Maybe I am kind of assuming too much about folks when I suggest targeting 10BTC to 100BTC.

If someone is really brand new to BTC, then they may need to figure out a way to budget a portion of their income.

Let's say for example, that you have $1,000 per month in income and your rent and basic expenses cause you to have to spend about $750.  Then you have $250 left, but you have other expenses too, and maybe in the end, you can only afford $100 per month.

Everyone is going to have different amounts that they are able to set aside depending on their circumstances, and bitcoin likely remains a decent investment, but there may be a need to engage in a kind of dollar cost averaging investment, in the event that a person does not already have a savings that s/he can transfer into bitcoin, and s/he just puts in as much as s/he can reasonably afford to do so without causing personal hardship (s).





yes it is a fact but it depend on the bitcoin rate and its price. if it is going up and continue its trend then it is possible that we will be the next gentle men having a lot of money .


I believe that also a part of my point was that I was expecting a large majority of folks to be earning money in fiat, but even if they do not, they still likely will calculate prices in fiat because that is how they spend their money.  The fiat remains the unit of value, and can remain so for a very long time, and we may consider that as bitcoin prices go up, we are not going to be able to accumulate as many BTC, even though we invest in the same amount of fiat (whether that be $100 per month $1,000 per month or some higher amount). 

In any event, if we want to attempt to become "new wealthy elite, gentlemen"  it may not matter so much how many bitcoin we have right now, but we continue  to recognize that bitcoin is going to continue to be the superior method of earning on your savings, and therefore you attempt to invest (and accumulate) as many as you reasonably can whether that is a percentage of your income or actual hard goals about how many BTC you would like to accumulate based on your own financial circumstances, timeline and ability to focus on your accumulation goals.


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June 19, 2016, 06:23:59 PM
 #3258

Shoot for 2.1 bitcoins. That way you have 1/10 millionth of all bitcoins that will ever be created.

After that go for 21 so that you hold one millionth of all bitcoins.

If you can get there then go for 210 bitcoins. At that point you no more than 100,000 people will ever be richer than you.

If you work hard enough to accumulate 2100 you will be one of the 10,000 richest people in the world once Bitcoin is the world currency.

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June 20, 2016, 06:48:28 PM
 #3259

Shoot for 2.1 bitcoins. That way you have 1/10 millionth of all bitcoins that will ever be created.

After that go for 21 so that you hold one millionth of all bitcoins.

If you can get there then go for 210 bitcoins. At that point you no more than 100,000 people will ever be richer than you.

If you work hard enough to accumulate 2100 you will be one of the 10,000 richest people in the world once Bitcoin is the world currency.

If you can't afford 2100 right now it will be too late already I think.


2100BTC = $1.5 million dollars. Can't afford it.... too late for me to become rich?
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June 20, 2016, 06:49:56 PM
 #3260

Shoot for 2.1 bitcoins. That way you have 1/10 millionth of all bitcoins that will ever be created.

After that go for 21 so that you hold one millionth of all bitcoins.

If you can get there then go for 210 bitcoins. At that point you no more than 100,000 people will ever be richer than you.

If you work hard enough to accumulate 2100 you will be one of the 10,000 richest people in the world once Bitcoin is the world currency.

If you can't afford 2100 right now it will be too late already I think.


2100BTC = $1.5 million dollars. Can't afford it.... too late for me to become rich?

LOL  I was thinking the same thing.. LOL

If you can buy 2100 BTC you are already rich.. wtf you mean you can't become rich unless you have 2100.. wtf?
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