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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594802 times)
Barnabe
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June 27, 2016, 09:37:55 PM
 #3361

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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pearnapple
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June 27, 2016, 09:39:12 PM
 #3362

~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

marcus_of_augustus
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June 28, 2016, 12:14:02 AM
 #3363

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
 #3364


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.

hermanhs09
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July 04, 2016, 12:27:12 AM
 #3365

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
 #3366

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.
groll
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July 04, 2016, 03:55:57 AM
 #3367

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.
MingLee
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July 04, 2016, 04:01:47 AM
 #3368

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.
Cyaren
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July 04, 2016, 10:48:00 AM
 #3369

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
Cyaren
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July 05, 2016, 06:01:21 AM
 #3370

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
 #3371

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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July 05, 2016, 06:32:41 AM
 #3372

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.

I'm on the ship but not gunning to have that 2100 BTC.   To tall an order.  I don't mind being a part of the elite at the moment.  Inching my way to earn my first BTC is my more immediate goal, who knows, I may acquire it this year.

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July 05, 2016, 04:35:34 PM
 #3373

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

being realistic ,one of "the elite " will probably be owning 21+ bitcoins
then you are really in the 1 in a million club .........
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July 06, 2016, 03:05:31 AM
 #3374

I hope it is true but I also need to accumulate some more before it takes off. It is already very expensive to get in now so we need to scrape together all we can in the next few years.
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July 06, 2016, 03:30:36 AM
 #3375

Those people who has a very huge amount of bitcoin since the bitcoin started they were the true wealthy elite or maybe some of you . I know theres one or more people here that has bitcoin since the start of bitcoin and the price was not too much expensive . For now of you have 20 btc and up you are already in the wealthy elite cathegory .

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July 06, 2016, 02:26:53 PM
 #3376

Those people who has a very huge amount of bitcoin since the bitcoin started they were the true wealthy elite or maybe some of you . I know theres one or more people here that has bitcoin since the start of bitcoin and the price was not too much expensive . For now of you have 20 btc and up you are already in the wealthy elite cathegory .
I dont think there are a lot of people who bought bitcoin freshly after it was launched,and they still hold it.
Maybe someone who would forget about it but well,imagine buying 1000 btc for less than 1000$ because it was the price of btc back then.
But well nobody did that cause when someone bought 1000btc for 1000$ and he would notice btc is 3$ he would probably sell it all... Nobody would think it can go so high.

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July 06, 2016, 02:30:21 PM
 #3377

Those people who has a very huge amount of bitcoin since the bitcoin started they were the true wealthy elite or maybe some of you . I know theres one or more people here that has bitcoin since the start of bitcoin and the price was not too much expensive . For now of you have 20 btc and up you are already in the wealthy elite cathegory .

20 BTC translates into roughly $13,000. That could be around 1.5 months salary for somebody in a first world country.
I don't think you can call them elite at present.

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July 06, 2016, 02:36:37 PM
 #3378

Diversifying into Bitcoin as one hedge against fiat currencies is a wise thing to do, but like everything I would put my money in various baskets, like metals as well. Maybe owning 100 or one thousand bitcoins may make someone rich in the future. Not sure about holding ten bitcoins, what that will do.

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July 06, 2016, 07:20:34 PM
 #3379

Those people who has a very huge amount of bitcoin since the bitcoin started they were the true wealthy elite or maybe some of you . I know theres one or more people here that has bitcoin since the start of bitcoin and the price was not too much expensive . For now of you have 20 btc and up you are already in the wealthy elite cathegory .

20 BTC translates into roughly $13,000. That could be around 1.5 months salary for somebody in a first world country.
I don't think you can call them elite at present.


Agreed that 20 BTC would not put someone into elite status in all locations, especially at current prices, but it is a real decent goal for a lot of folks in all parts of the world.


I understand that in the beginning of this thread, many of the larger coin holders may have held 10k or more coins, yet as time has passed and some of the the price dynamics in the space have come to be realized but also have changed as well in terms of upside potential for bitcoin involving a lot more distributed capital (including a lot of those initial folks do not hold as many coins, either), we have had to recognize that the goal posts have shifted, some of the perspective has shifted based on bitcoin's past performance and currently, folks have to do what they can in terms of accumulating BTC and considering ongoing upside price potential for bitcoin, to the extent that they believe that upside potential still exists.

I live in a first world country (i believe the usa is still considered such?), yet people here still can be very jittery regarding bitcoin risks and rewards potential, and even with those folks accumulating 20 coins can be a manageable goal because they have the income that could unexpectedly put them in a real decent and better place in the 5-10 year future.

On the other hand, someone living in a 3rd world country, who may earn $10k a year or less will likely have to struggle a whole hell-of-a lot more to accumulate, even just to acquire a few coins, and acquiring 20 coins for someone in tougher financial circumstances may well put them in the very wealthy elite within their country in the coming years (assuming exponential growth of even 5 or 10x), even though the resulting financial status may not be considered as wealthy elite in other more wealthy parts of the world.

In any event 20 coins does seem to be a decent goal for quite a few folks all around the world (whether they can easily reach it or not), yet for me, on a personal level, my initial goal in late 2013 was a bit higher than than 20 btc, and I already reached my goal in about mid 2014, and because of subsequent decreasing BTC prices between mid 2014 and most of 2015, I have acquired several times higher than my initial goal (sometimes goals need to adjust based on personal circumstances and even circumstances of the space), which is good for me, and surely it still remains quite unclear whether having had substantially surpassed such an initially set goal is going to cause me to become a wealthy elite, even though I am currently thinking that bitcoin is going to remain one of my most profitable investments for some years to come, and I have been in the btc investment strategy for the longer term.

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July 06, 2016, 07:24:34 PM
 #3380

Diversifying into Bitcoin as one hedge against fiat currencies is a wise thing to do, but like everything I would put my money in various baskets, like metals as well. Maybe owning 100 or one thousand bitcoins may make someone rich in the future. Not sure about holding ten bitcoins, what that will do.


Yeah.. no one knows how many would actually be needed to achieve personal goals, and therefore everyone needs to tailor their own accumulation goals in accordance with their own circumstances without putting too much at risk, also.

It seems that no matter what the outcome (even if bitcoin does happen to depreciate in value from here), like you assert qiman, it would be wise for anyone to diversify some investment into bitcoin.. whether that is .5% of investment capital or 50% of investment capital becomes somewhat an individualistic calculation.

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