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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508336 times)
takingthis4
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June 27, 2016, 05:01:20 PM
 #3361

I can not open the website and i do not know why. Anyway I agree. Bitcoin is still on its starting age and I am glad I am already a part of it now. I still can not imagine the future of Bitcoin but I believe it will be as nice as we hope for. Smiley
thats true, bitcoin is still a new technology in my opinion and it has a really long time to go at the moment until it becomes really really big and until companies start accepting it

im confident that we will all be wealthy after like a decade or so too because i know that the price of the bitcoin is going to increase as people will be buying bitcoins

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June 27, 2016, 05:52:45 PM
 #3362

You're one of the ultra rare lucky ones. Talk to the thousands of people with money in Mt Gox, Bitinstant, ButterflyLabs, Gaw Miners, MyBitcoin, Pirates Ponzi, Bitcoinica, Bitscalper, Inputs.IO, Vicurex, Cryptorush, TradeHill, CryptoXChange, GBL, Just Dice, Bitcoin Rain, The Silk Road Seizure, Sheep Marketplace, BS&T, PicoStocks, Bitfloor, Basic Mining, Mintpal and many, many others.

Why is Just-Dice on that list of ponzis, scams, hacks, and thefts? Just-Dice took care of the over 60,000 BTC entrusted to it and returned it all when it shut down.

Ok, you found one that was corrected. The point remains that Bitcoin facilitates loss in a way that no other payment system does and has no insurance or fraud protection covering it. I was one of the lucky ones that made money when you could mine with a gpu at almost no cost other than electricity. From now on, people will need to put their own money in to it and they will only make money if they live long enough to see an enormous increase in the exchange rate. It's a gamble that may pay off but it's high risk.

There are many secure investments that pay 10-20% a year. If you start today with $10,000 and average 20% a year for 20 years, you'll have over $380,000. Add $2,000 a year to the pot, and you'll wind up with $756,751 after 20 years. Granted, 20% a year is not super easy to achieve. But even if you only make 10% a year, you're still going to become very wealthy over the long term. People are getting scammed or throwing their money at gambling bitcoins because the return isn't happening fast enough for them. They should simply try a stable long term investment.

I don't know any secure invesments in the developed world that pay 1% a year yet along 10% a year.

You can achieve an average of 5-10% a year if you take short term risks.

There is no safe investments paying 20% a year that I am aware of.... But everyone has a different tolerance for risk levels and one man's idea of safe might be very different from another

Everyone thought they were safe in 2008 when the property and credit  bubbles busted and caused a global recession....

I guess people in Cyprus and Greece thought they were safe too because their money was "safe"  in the banks etc

Anything paying 20% a year is likely risky or even an outright scam.... The Madoff ponzi paid 12% a year to put that that into  perspective...



I agree with everything by the last two posters in this above thread of discussion.

The ridiculous claim of QuestionAuthority is assuming that regular people can find safe investments of 10% to 20%, and the fact of the matter is that if regular and/or even sophisticated investors are earning 6% to 9% in a longer term basis, they are doing pretty well. 

Yeah, sure we are going to have the potential of years of 20% or 30% performance on our investments, but there are going to be down years as well, and difficulties in determining how or whether to move our funds based on shorter term predictions and even whether the cost of moving funds is worth the change, and many investors attempt to diversify their various investments in such a way that overall they are consistently attempting to get good performance or to average good performance...

And, part of the reason that index funds tend to do so well, even in comparison to professional advisors, is that those funds diversify rather than attempting to predict and time the market.

The experts get it wrong a lot, so I don't buy any claims that either regular people can get decent overall safe returns or that experts can.

There are 10-12% return investments that aren't hard to find. I've averaged 14% a year on a WSIB Real Estate Investment Trust. The problem is you need investment money and the knowledge to know what's right for you.

QA can brag all that he wants about his past performance, but it is likely to be merely words than supported by actual facts, and even if he has actual facts of good performance (such as 14%) in the past, unlikely he would be able to repeat consistently future equivalent levels of performance.. and then to expect other regular people to achieve such levels of performance on a consistent basis is fantasyland logic.



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June 27, 2016, 05:57:50 PM
 #3363

You're one of the ultra rare lucky ones. Talk to the thousands of people with money in Mt Gox, Bitinstant, ButterflyLabs, Gaw Miners, MyBitcoin, Pirates Ponzi, Bitcoinica, Bitscalper, Inputs.IO, Vicurex, Cryptorush, TradeHill, CryptoXChange, GBL, Just Dice, Bitcoin Rain, The Silk Road Seizure, Sheep Marketplace, BS&T, PicoStocks, Bitfloor, Basic Mining, Mintpal and many, many others.

Why is Just-Dice on that list of ponzis, scams, hacks, and thefts? Just-Dice took care of the over 60,000 BTC entrusted to it and returned it all when it shut down.

Ok, you found one that was corrected. The point remains that Bitcoin facilitates loss in a way that no other payment system does and has no insurance or fraud protection covering it. I was one of the lucky ones that made money when you could mine with a gpu at almost no cost other than electricity. From now on, people will need to put their own money in to it and they will only make money if they live long enough to see an enormous increase in the exchange rate. It's a gamble that may pay off but it's high risk.

There are many secure investments that pay 10-20% a year. If you start today with $10,000 and average 20% a year for 20 years, you'll have over $380,000. Add $2,000 a year to the pot, and you'll wind up with $756,751 after 20 years. Granted, 20% a year is not super easy to achieve. But even if you only make 10% a year, you're still going to become very wealthy over the long term. People are getting scammed or throwing their money at gambling bitcoins because the return isn't happening fast enough for them. They should simply try a stable long term investment.

I don't know any secure invesments in the developed world that pay 1% a year yet along 10% a year.

You can achieve an average of 5-10% a year if you take short term risks.

There is no safe investments paying 20% a year that I am aware of.... But everyone has a different tolerance for risk levels and one man's idea of safe might be very different from another

Everyone thought they were safe in 2008 when the property and credit  bubbles busted and caused a global recession....

I guess people in Cyprus and Greece thought they were safe too because their money was "safe"  in the banks etc

Anything paying 20% a year is likely risky or even an outright scam.... The Madoff ponzi paid 12% a year to put that that into  perspective...



I agree with everything by the last two posters in this above thread of discussion.

The ridiculous claim of QuestionAuthority is assuming that regular people can find safe investments of 10% to 20%, and the fact of the matter is that if regular and/or even sophisticated investors are earning 6% to 9% in a longer term basis, they are doing pretty well. 

Yeah, sure we are going to have the potential of years of 20% or 30% performance on our investments, but there are going to be down years as well, and difficulties in determining how or whether to move our funds based on shorter term predictions and even whether the cost of moving funds is worth the change, and many investors attempt to diversify their various investments in such a way that overall they are consistently attempting to get good performance or to average good performance...

And, part of the reason that index funds tend to do so well, even in comparison to professional advisors, is that those funds diversify rather than attempting to predict and time the market.

The experts get it wrong a lot, so I don't buy any claims that either regular people can get decent overall safe returns or that experts can.

There are 10-12% return investments that aren't hard to find. I've averaged 14% a year on a WSIB Real Estate Investment Trust. The problem is you need investment money and the knowledge to know what's right for you.

QA can brag all that he wants about his past performance, but it is likely to be merely words than supported by actual facts, and even if he has actual facts of good performance (such as 14%) in the past, unlikely he would be able to repeat consistently future equivalent levels of performance.. and then to expect other regular people to achieve such levels of performance on a consistent basis is fantasyland logic.


Coming from you that means absolutely nothing.

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June 27, 2016, 06:08:00 PM
 #3364

...
...It's always wise to have a lot of baskets.

Diversification can cut your risk, but is not always the best idea. If you have 7 to 10 major investments (for example)
> It is harder to pay close attention to developments and news related to all of them.
> If one goes extremely well, then you only have ~10 to 15% of your funds catching the big gains.

"Put all your eggs in one (or two) basket(s) and watch that basket very carefully."

15DYJpWJe9H1YofsNQbP9JEWWNn7XPZgbS
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June 27, 2016, 06:12:46 PM
 #3365

Well, it turns out to be a very delusional topic. How many noobs have counted on Bitcoin to make them rich, and how many more will fall into the trap?
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June 27, 2016, 06:43:49 PM
 #3366



QA can brag all that he wants about his past performance, but it is likely to be merely words than supported by actual facts, and even if he has actual facts of good performance (such as 14%) in the past, unlikely he would be able to repeat consistently future equivalent levels of performance.. and then to expect other regular people to achieve such levels of performance on a consistent basis is fantasyland logic.


Coming from you that means absolutely nothing.


Yeah, in comparison, as if you have any kind of credibility (beyond in your own head) in making stupid-ass and pretentious assertions to emphatically state that regular people can safely and consistently earn 10% to 20% in their investments....


O.k.... I will bite.  What is it that I have said or done that undermines my credibility?

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June 27, 2016, 08:20:23 PM
 #3367

...
...It's always wise to have a lot of baskets.

Diversification can cut your risk, but is not always the best idea. If you have 7 to 10 major investments (for example)
> It is harder to pay close attention to developments and news related to all of them.
> If one goes extremely well, then you only have ~10 to 15% of your funds catching the big gains.

"Put all your eggs in one (or two) basket(s) and watch that basket very carefully."

Everyone has to determine their own optimal strategy, of course, but most of the really wealthy men out ther have diversified their investments a great deal. Starting out, this is extremely difficult. But I think that anything less than two baskets is asking for trouble.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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June 27, 2016, 08:49:38 PM
 #3368

~10% daily growth!
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June 27, 2016, 09:16:12 PM
 #3369

Well, it turns out to be a very delusional topic. How many noobs have counted on Bitcoin to make them rich, and how many more will fall into the trap?
well theres nothing to fall into in my opinion if you buy only on low prices and then just hold all your bitcoins safely for a long time, i think that then you have a lot of chances to make money

i think that we will soon be really wealthy too because the price of the bitcoin is going to grow really significantly i think, that would make me some good money in the near future

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June 27, 2016, 09:37:55 PM
 #3370

Well, it turns out to be a very delusional topic. How many noobs have counted on Bitcoin to make them rich, and how many more will fall into the trap?
well theres nothing to fall into in my opinion if you buy only on low prices and then just hold all your bitcoins safely for a long time, i think that then you have a lot of chances to make money

i think that we will soon be really wealthy too because the price of the bitcoin is going to grow really significantly i think, that would make me some good money in the near future

We'll see about that... In my opinion, in order to gain value something has to bring value to people. If people have no need for bitcoin, bitcoin will never be adopted. Thus, the true force of bitcoin is not the possible future price increases (people can also buy stocks or make investments to win money), but it's possibilities: The fact that you could go on holyday and pay everything with your smartphone no matter in which country you are, the fact that you can wire money to anyone for less than a dime and so on.

Instead of speaking of bitcoin as an investment, people should speak of it like a totally new and cheap way to transfer money, because that's its true strength.

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June 27, 2016, 09:39:12 PM
 #3371

~10% daily growth!
it would be really cool if this was happening all the time to be honest though it happens really rare, besides that the price sometimes falls a lot, not allowing us to make profit

im confident that the price of the bitcoins is going to grow at a very rapid pace in the future to be honest allowing us to benefit, at least those are my wild guesses

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June 28, 2016, 12:14:02 AM
 #3372

Hi guys , i hope you are fine ,i just lost 650 $ in hashocean ,
the website is now offline and they scamed thousands
Of users , nothing left with me please help me donating some
Pennies , i will be very thank full to all of you.
My wallet:

3QnxeYYQZBuFnAQFhPNENDAi9av6xqwL6n

Bitcoin isn't a scam but it facilitates scamming. I would be sorry for your loss if I and others had not gone into hashocean threads and warned people that they were just another Bitcoin facilitated scam.

Guns facilitate murder, beds facilitate sex, cars facilitate drunk-driving, keyboards facilitate slander, sedition and riot incitement .... nice try loser but bitcoin is as clean as the day it was born ... some people on the other hand are looking thoroughly filthy with the muck they are spraying around.

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June 28, 2016, 12:18:12 AM
 #3373


Everyone has to determine their own optimal strategy, of course, but most of the really wealthy men out ther have diversified their investments a great deal.

Actually the latest figures show that most of the world's wealthiest people have the majority of their investments highly concentrated in fiat cash and sovereign bonds.

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July 04, 2016, 12:27:12 AM
 #3374

Im a gentleman for sure, but not yet wealthy or elite lol.

In the upcoming years though, it could change, and yes, we are on the right side of things. I don't mind the status of being super rich or not but if the going gets easier then I for one wouldn't mind being part of that boat ride.

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July 04, 2016, 02:37:15 AM
 #3375

I've always wanted to live in Switzerland. Looks like in a few years, that could very well be a possibility. People just want to live their lives. They're making plans to buy their first house, get married, take a vacation etc etc, they don't want to mire themselves in all this doom and gloom financial meltdown business. And I don't blame them, it's depressing, so they distract themselves with shopping trips, video games and TV shows.
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July 04, 2016, 03:55:57 AM
 #3376

To think that not so long ago I was paid 50 BTC for two hours of work.

Did it happen last 2009. I was very unlucky at that time for not knowing how to make a wallet and even though I have an idea I took bitcoins as a waste of time. Right now my colleagues have 100 btc stocked from 2009. If I have claim multiple btc from faucets last 2009 then I am hell a millionaire today. I am full of regrets at this moment but the challenge is not finished I will hoard my present btc.
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July 04, 2016, 04:01:47 AM
 #3377

To think that not so long ago I was paid 50 BTC for two hours of work.

Did it happen last 2009. I was very unlucky at that time for not knowing how to make a wallet and even though I have an idea I took bitcoins as a waste of time. Right now my colleagues have 100 btc stocked from 2009. If I have claim multiple btc from faucets last 2009 then I am hell a millionaire today. I am full of regrets at this moment but the challenge is not finished I will hoard my present btc.
Don't be full of regrets dude, everyone misses some opportunity but I wouldn't be worried about this. Sure it sucks, but there's a lot more that's bound to come, and if countries and governments start to get involved with the acquisition of Bitcoin you'll probably get a second chance.

I understand it sucks, and I wish I had learned about Bitcoin in the past too, where I could have collected a ton, but life is life and you have to look for the next thing. There is never an end-all-be-all for this kind of thing and no missed opportunity will be the last.

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July 04, 2016, 10:48:00 AM
 #3378

I hope we really are Cheesy Lets get wealthy at first,then we can become 1337 lol.
Anyway a lot of people knows what bitcoin is so i cant call us as an elite,unless you can do good profit here.
Lets hope we all going to do Smiley
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July 05, 2016, 06:01:21 AM
 #3379

I hope we really are Cheesy Lets get wealthy at first,then we can become 1337 lol.
Anyway a lot of people knows what bitcoin is so i cant call us as an elite,unless you can do good profit here.
Lets hope we all going to do Smiley
Hahaha! If he said that a few years ago, I would agree.. Today, everyone I knew who is into internet are also into collecting bitcoins. So how then can we say that we are the elite? Oh well, unless we earn much more than the usual bitcoin fanatics, maybe you can consider yourself an elite. Just saying... Smiley
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July 05, 2016, 06:10:01 AM
 #3380

I hope we really are Cheesy Lets get wealthy at first,then we can become 1337 lol.
Anyway a lot of people knows what bitcoin is so i cant call us as an elite,unless you can do good profit here.
Lets hope we all going to do Smiley
Hahaha! If he said that a few years ago, I would agree.. Today, everyone I knew who is into internet are also into collecting bitcoins. So how then can we say that we are the elite? Oh well, unless we earn much more than the usual bitcoin fanatics, maybe you can consider yourself an elite. Just saying... Smiley

eventually if millions of people are into collecting bitcoins they will be scarce indeed... demand is going up and supply is going down... price has only direction it can go.
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