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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 608798 times)
JayJuanGee
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June 20, 2016, 08:41:28 PM
 #3261

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?

No your too late to own 2100 XBT. Ever. Sorry Smiley (I will also never own 2100 XBT)


I've been considering these various responses in response to the 2.1 / 21/ 210 and 2,100 question, and surely 2,100 is surely the most lofty of the goals, yet I am not sure whether it is impossible to achieve, for example if you have already achieve the 210 goal. 

Let's say for example, you are of fairly modest means (with a decent amount of disposable income), and you were able to acquire 210 coins in the lower $200s (let's say for a bit over $230 on average so you already invested most of your savings, around $50k). 

You invested most of your savings, but you were a bit afraid to invest more into bitcoin because you were not sure where it was going and you certainly did not want to leverage in any kind of way, yet you still have an outside disposable income, etc.  Therefore, besides your initial investment, you continued to dollar cost average around $1,000 per month in the past year, so now you have acquired around 250 coins.  Maybe you can continue to dollar cost average invest into bitcoin and to use part of your stash to trade and another part of your stash for security. 

Bitcoin is very volatile, so yeah, maybe 1,000 coins may be the most that you could expect to accumulate, without gambling too much and putting at risk your whole stake. 

O.k... maybe this is a bit of a dumb idea... and if you are just getting in now, maybe 210 coins would be lofty in itself, and maybe if bitcoin prices really surge with several more 10x price increases, then 21 coins would actually be sufficient to feel part of the new wealthy elite, gentlemen. 

Only three more  10 x increases from here, would put the 21 BTC stash at (21 x $736 = 15,500 x 10 = $150,500 x10 = $1,550,000 x 10 = $15,550,000).  Many of us would recognize $15 million as a fairly decent stash getting us close to "new wealthy elite, gentlemen."





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June 20, 2016, 09:31:50 PM
 #3262

210 Bitcoins sounds like a great goal.
I almost had 100 back in 2011/2012, but the slow recovery from $1.99992 to $7+ looked like a great time to get out 3x+ above the bottom...   ...lol?

If you cashed out 3x of what you bought with, that is great return for the investment. The only unfortunate thing is you just bought with $200. Thats why I dont believe anyone buying today just around 1 BTC and store longterm can even retire from this - you need more coins, probably at least 21.

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June 21, 2016, 03:27:23 AM
 #3263

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.

Bring it on. Im ready to be in the top.
Praise the lord, we are the wealthy elite brought to you by Bitcoin.
I fucking love you Satoshi. Like Pure homo!  Grin
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June 21, 2016, 03:45:50 PM
 #3264

Bring it on. Im ready to be in the top.
Praise the lord, we are the wealthy elite brought to you by Bitcoin.
I fucking love you Satoshi. Like Pure homo!  Grin


HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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June 21, 2016, 03:48:17 PM
 #3265

I haven't been blessed. Undecided Undecided Undecided

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June 21, 2016, 08:14:55 PM
 #3266

yes we can say that we are pretty confident that we are the new wealthy elite gentlemen. but this statement only depend on the position of the bitcoin. we can see that in a single day the price of bitcoin dropped more than 100 USD. so if there is such kind of uncertainty then what how can it be possible. if we want to become rich from bitcoin, bitcoin needs to be stable, there should not be so much flexibility in the up and down of the rates of the bitcoin.
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June 21, 2016, 08:23:35 PM
 #3267

yes we can say that we are pretty confident that we are the new wealthy elite gentlemen. but this statement only depend on the position of the bitcoin. we can see that in a single day the price of bitcoin dropped more than 100 USD. so if there is such kind of uncertainty then what how can it be possible. if we want to become rich from bitcoin, bitcoin needs to be stable, there should not be so much flexibility in the up and down of the rates of the bitcoin.

If you want to get wealthy and rich with bitcoin then you have to hold huge amount of coins, and I really feel that if  we hold more then 100 btc then we are wealthy gentlemen.
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June 21, 2016, 09:27:03 PM
 #3268

yes we can say that we are pretty confident that we are the new wealthy elite gentlemen. but this statement only depend on the position of the bitcoin. we can see that in a single day the price of bitcoin dropped more than 100 USD. so if there is such kind of uncertainty then what how can it be possible. if we want to become rich from bitcoin, bitcoin needs to be stable, there should not be so much flexibility in the up and down of the rates of the bitcoin.


Aspiring towards stability any time soon in the bitcoin prices is nearly pure wishful thinking.

One of the most plausible ways for bitcoin to achieve some semblance of price stability is to transform its current market cap by about 100x higher from here, and who the hell knows whether that kind of market cap increase is coming any time soon? 

Surely, it feels possible to get some decent market cap increase in bitcoin in the near future, but more realistically, bitcoin is going to suffer from considerable volatility for quite a while to come because there are plenty of monied interests that do not mind pumping money into attempting to keep its price down (whether through propaganda or by dumping coins on the various exchanges or any other ways that they can consider to attempt to suppress the price).

Accordingly, if you are bothered by such great volatility in bitcoin's price and such likely continued great volatility in its price, then you need to consider ways in which you personally can take your own personal measures to either take advantage of bitcoin's nearly inevitable ongoing volatility or to some how cope with the ongoing volatility.

Again it seems to be unrealistic to attempt to wish away bitcoin's volatility and such wishing away seems to be quite detached from the real current state of affairs in the bitcoin space, especially at this price point and any price point short of a 100x higher market cap.   By the way, I am considering that from here, a 100x increase would cause bitcoin's market cap to sit around $1trillion and bitcoins would be individually priced in about the $65k arena.

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June 21, 2016, 09:40:49 PM
 #3269

I believe this is true, it's not going to happen overnight, but it will happen
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June 22, 2016, 06:38:02 AM
 #3270

This is such a legendary thread. We are definitely going to be a part of the wealthy elite even now when the bitcoin price is already sky high in my opinion. Even though there are already a lot of adopters right now, there are still opportunities.

So get onto this bitcoin ship while you still can.
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June 22, 2016, 07:24:10 AM
 #3271

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.
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June 22, 2016, 08:33:43 AM
 #3272

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?

I believe that people who have stocked huge amount of bitcoins today is a millionaire and a very rich person or individual. But let us also take into account that bitcoins prize is unstable, it depends on the buy and sell, supply and demand principle. This price unstability is somehow an event that we should prepare for and that is we should sell bitcoin at a higher price and buy bitcoins when they are low.
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June 22, 2016, 08:36:56 AM
 #3273

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.

I think it will be Bitcoin and maybe some other cryptoes too. Bitcoin is already established more than any other crypto currency so I see no reason for it not to be the number one in the future.

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June 22, 2016, 08:58:07 AM
 #3274

once every body realize that the only ones profiting the most from bitcoin are firstly the inventor(s) and their friends and family members
Then who ever got in early than others.
Basically if you get in bitcoin you can profit more than the one who comes after you, I fear that day people be disappointed in bitcoin
And leave it to be.


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Labumi
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June 22, 2016, 09:01:33 AM
 #3275

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.

Although there is a coin that offers excellence better than BTC, I think it will not make the BTC went down and lost his reputation. Because the BTC is a digital currency is different and is not bound by any company or individual, so that the BTC could stand by itself without in interfering by things that can cause his reputation declined because of policies that are not appropriate


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June 22, 2016, 12:27:08 PM
 #3276

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?

I believe that people who have stocked huge amount of bitcoins today is a millionaire and a very rich person or individual. But let us also take into account that bitcoins prize is unstable, it depends on the buy and sell, supply and demand principle. This price unstability is somehow an event that we should prepare for and that is we should sell bitcoin at a higher price and buy bitcoins when they are low.
Pioneers is always the one who profit the most but that doesn't mean we cant profit as what they profited, I believe bitcoin is still on it's early days so It is still possible to make us millionaire.
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June 22, 2016, 01:25:10 PM
 #3277

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.

What usability, the same that made ETH a doomed coin? Get real. Usability is useless, unless the coin has a solid dev team and Core is the only solid dev team, and they are working on the biggest coin, so Bitcoin has 0 competition.

ETH will go down eventually, we are just seeing whales pumping it to dump it for BTC.

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June 22, 2016, 05:03:18 PM
 #3278

once every body realize that the only ones profiting the most from bitcoin are firstly the inventor(s) and their friends and family members
Then who ever got in early than others.
Basically if you get in bitcoin you can profit more than the one who comes after you, I fear that day people be disappointed in bitcoin
And leave it to be.

Naw...

You are making this out to sound like a ponzi scheme.   

I came into bitcoin in November 2013, and I bought my first coins at $1,200.  I have been buying on the way down to below $200 in 2015, and then I started trading in October 2015 (small at first).  Anyhow, with about the same amount of capital as some of the earlier investors, I have accumulated more coins, and my average cost per coin is below $450 - and I also have dollars accumulated from the trading to buy back more coins on price dips.

so you can accumulate and you can also hang onto your coins when others spend them, because over the years, bitcoin is likely to continue to considerably increase in value while other currencies depreciate.  So spend the fiat currencies first, and if you spend bitcoins, replace them because they are likely to appreciate in value in the coming months and years.

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June 22, 2016, 07:25:43 PM
 #3279

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.

What usability, the same that made ETH a doomed coin? Get real. Usability is useless, unless the coin has a solid dev team and Core is the only solid dev team, and they are working on the biggest coin, so Bitcoin has 0 competition.

ETH will go down eventually, we are just seeing whales pumping it to dump it for BTC.
I do not exactly care whether eth goes down or anything since I have not invested any funds on Eth and I do not think bitcoin users are directly affected or if we are, it wouldn't be that bad of an effect.

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Biomech
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Anarchy is not chaos.


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June 22, 2016, 10:56:09 PM
 #3280

I believe this is true, it's not going to happen overnight, but it will happen

I may happen. There are other coins on the market which offer far more usability then bitcoin. So if you ask me. Will a crypto con be the future. Yes it will
Will it be Bitcoin? Not sure.

What usability, the same that made ETH a doomed coin? Get real. Usability is useless, unless the coin has a solid dev team and Core is the only solid dev team, and they are working on the biggest coin, so Bitcoin has 0 competition.

ETH will go down eventually, we are just seeing whales pumping it to dump it for BTC.
I do not exactly care whether eth goes down or anything since I have not invested any funds on Eth and I do not think bitcoin users are directly affected or if we are, it wouldn't be that bad of an effect.

I have some prejudice against ETH. Trying to put that aside, it's utility really lies in other areas than remittance, and it's a great platform for a lot of things that bitcoin is not. I don't see any problem with them coexisting.

I don't believe that BTC will lose it's first mover position any time soon. I do think other coins will overtake it in time, as it has some disadvantages as well.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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