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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 594276 times)
Blazin8888
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August 23, 2016, 11:41:15 PM
 #3401

Bitcoin was the first decentralized digital cash - the first working one. Satoshi provided the Open Ledger blockchain knowing this would be adopted by the "mainstream" i.e. banks, LE, investors/speculators. - People using BTC in the future will not mind being public. Maybe BTC will be a way of showing your wealth in the future. Each family may have a "family BTC address" - you could keep family savings in BTC - day to day cash may end up being something else. It could very well end up being XMR. Imagine when you get paid by your boss- will you want to give him your BTC address ?...XMR solves that issue and many others...Cryptonote is a brilliant whitepaper. Its based on many early works and protocols and takes into consideration several issues raised formerly. Below is the list of most important papers and events that have influenced CryptoNote:

1983 – Blind signatures described by David Chaum
1997 – HashCash (an instance of a proof-of-work system) invented by Adam Back
2001 – Ron Rivest, Adi Shamir, and Yael Tauman proposed ring signatures to the cryptographic community
2004 – Patrick P. Tsang and Victor K. proposed using the ring signature system for voting and electronic cash
2008 – Bitcoin whitepaper published by Satoshi Nakamoto
2011 – An Analysis of Anonymity in the Bitcoin System, Fergal Reid and Martin Harrigan
2012 – Destination Address Anonymity in Bitcoin (one-time addresses in CryptoNote).

Interesting articles for Crypto heads:

1. http://www.wired.com/1994/12/emoney/

2. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

3. http://www.nytimes.com/1994/12/31/us/computer-jokes-and-threats-ignite-debate-on-anonymity.html?pagewanted=all

4.
http://osaka.law.miami.edu/~froomkin/articles/cfp97.htm

5. http://www.cs.utah.edu/~kmay/look/digital/Laundry.htm

6. http://www.forbes.com/forbes/1997/0908/6005172a.html  -"There is another dimension to the spread of crypto. The same mathematical tricks used to encode a message can be run in reverse, to generate a so-called digital signature. This is a computer stamp of authenticity. It can be used to prove that an electronic document originated with a particular sender, such as a bank depositor or a bank officer. Assemble a few digital signatures in a clever fashion and you have created a mechanism for digital cash;a system of electronic payments akin to Visa or MasterCard but with the added feature that it can be made anonymous." - FORBES 1997

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DomesticTrader
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August 31, 2016, 02:33:22 PM
 #3402

Is that....Mark Karpelès?

I lol'd
If they hit 10k a pop I'll buy my own island just so I can call the capital bitcity, the economy would run on bitcoins. But to be realistic i dont think it will hit 10k
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September 12, 2016, 04:51:33 AM
 #3403

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?


So some of us are reading this after 6 years, Are we late? NO.

I believe that bitcoin has a potential of transforming the way we use to transact and it would have its impact on all over the world, this is just a beginning and in next few decades, it will not only grow in the terms of price but also in the terms of user base and adaptability. So 6 years are always better than few decades, yes we can call ourselves early adapters.

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September 19, 2016, 08:44:22 AM
 #3404

My gut feeling tells me that we can see some crazy action in this last quarter of 2016 then the ship never come back to the shore  Cool, even now is a good time to put some fiat in BTC  Wink   Kiss
Pitchblackroom
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October 29, 2016, 09:01:47 PM
 #3405

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
swogerino
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October 29, 2016, 09:05:15 PM
 #3406

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

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btcdevil
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October 29, 2016, 09:30:45 PM
 #3407

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

That is the main reason that if it was just a manipulation rise then we should be afraid of selling pressure but it think this rise is healthy and now we will be heading towards 750$ and the price range will be now 700$ +

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October 29, 2016, 11:00:30 PM
 #3408

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.


I generally agree with your assessment that price direction is difficult to predict.

If we are talking about folks who may have gotten into bitcoin in the past couple of years (maybe in the $200s), then cashing out in the $600s may only represent a 3x increase in the value of their BTC holdings, and yeah during the time of the early postings of this thread, there had been 30x increases in value (but then a subsequent crash that lasted nearly 2 years before prices surpassed those 30x increases in value), and yeah, thereafter in 2013, there was 1000x increases in value, depending on entry and exit points.

So, I would have some difficulties characterizing  current folks as "banking a lot of money" with 3x profits, for example, unless you have some particulars regarding who you are referring to, when you say "alot of people"

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October 30, 2016, 01:40:25 AM
 #3409

still very early days gentlemen
an awful lot of people havent even heard of bitcoin yet
i first learned about bitcoin when it was about $3 and i bought then and im still buying now
if people think its too late , it isnt
this is still the tip of the iceberg !
but be careful ,it could jump from 1000 to 10,000 if big bankers move in so better yours when theyre still
within reach

DEEPONION IS JUST  A SPAMMERS CAMPAIGN **not a real AIRDROP**
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October 30, 2016, 06:24:33 AM
 #3410

I bought bitcoin today, to my surprise i saw that the exchange rate has gone high..more money or profit...in the future thinks it will continue to go high..so once bought has to be kept.. Cause surely it will go high in exchange rate..confidence of its I much...
if you bought bitcoin presently then you have to wait for a good time if you really want to make money from your bought bitcoins, it is expecting that that price of bitcoin can still go so high no doubt about this as people are still interested in buying bitcoins so the demand is increasing therefore the value of bitcoin will also go high.

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stomachgrowls
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October 30, 2016, 06:47:38 AM
 #3411

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

I think its  impossible   to happen again  just  like what  happen  on 2013. As  you can see on the  movement of  bitcoins price on last months  up to this  days they are  just  rising  gradually this means  it  may  low its price  but not as hard  compared  to the past.

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izlevinv
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October 30, 2016, 07:18:09 AM
 #3412

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

I think its  impossible   to happen again  just  like what  happen  on 2013. As  you can see on the  movement of  bitcoins price on last months  up to this  days they are  just  rising  gradually this means  it  may  low its price  but not as hard  compared  to the past.

Price started to rise even after the bitfinex hack and recovered very nicely and since last few days price has  again started to go in upward direction so we can expect higher price in coming months too, and if price falls at this stage then I don't think it will fall to a extreme level that happened in the past.

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cr1776
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December 26, 2016, 02:12:00 AM
 #3413

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

With the recent prices, it is probably time to remember what Atlas said here 5.5 years ago. In another 5 years, how much higher will the USD/EUR price be. The binary proposition again.  I still do not believe anyone is late to the party. (Hope Atlas is well).
zcashcoins
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December 26, 2016, 01:37:26 PM
 #3414

Unfortunately I don't have very much bitcoin right now so I don't know if I qualify. It's going to take me a long time to get 10 bitcoins if ever.
cr1776
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December 26, 2016, 01:58:19 PM
 #3415

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley

It's so risky to put all eggs in one basket.

True, but in 2011 when that post was written the cost of bitcoin in fiat was much less that today!
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December 26, 2016, 02:06:13 PM
 #3416

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

I think its  impossible   to happen again  just  like what  happen  on 2013. As  you can see on the  movement of  bitcoins price on last months  up to this  days they are  just  rising  gradually this means  it  may  low its price  but not as hard  compared  to the past.

There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 which is what happened when we went from like 30 to 1200 dollars back in 2013. We are growing in a lateral way and the uptrend is still very strong and controlled. Ups and downs along the way are expected with bitcoin.

equator
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December 26, 2016, 02:18:13 PM
 #3417

Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.

The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months.
Can this upward trend keep it up until December? Too early to tell at this point.
But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process.

I think its  impossible   to happen again  just  like what  happen  on 2013. As  you can see on the  movement of  bitcoins price on last months  up to this  days they are  just  rising  gradually this means  it  may  low its price  but not as hard  compared  to the past.

There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 which is what happened when we went from like 30 to 1200 dollars back in 2013. We are growing in a lateral way and the uptrend is still very strong and controlled. Ups and downs along the way are expected with bitcoin.

I dont believe in your comment as you are telling that their wont be big crash , because what next is coming that we cannot say, so dont be over confident, confident is ok but overconfident always kills, any thing can happen and still $1000 mark is getting tested as it has not got to $1000 or above the last high price was nearby $940 and then it got selling pressure and went down till $875 and now it is roaming in the range of $875 to $ 925 so now this is the range going for some time break through this range will decide the fate of bitcoin.














 

 

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thepo1m
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December 26, 2016, 06:41:49 PM
 #3418

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley

It's so risky to put all eggs in one basket.

True, but in 2011 when that post was written the cost of bitcoin in fiat was much less that today!
I don't know the amount of BTC he has or if he still involved in BTC but his dream is about to come true

CHANGE FINANCE First Decentralised Global Crypto Bank
LINK TO ICO | LINK TO DISCUSSION
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December 28, 2016, 01:56:41 PM
 #3419

I am pretty confident we are the soon to be new wealthy elite, gentlemen.   Grin

Love this classic thread.
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December 28, 2016, 02:19:41 PM
 #3420

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?

Wow, how I hope I get into BTC when this post was posted, everything he said has actually come to pass. Good job for seen into the future.


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