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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 507765 times)
rhino34567
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August 09, 2016, 02:43:53 AM
 #3401

I disagree with you sir that was a false statement that you have made.

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August 09, 2016, 10:27:41 AM
 #3402

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?

Even though this post was made five years ago, I still believe that bitcoin has a future.Its value will go up probably as high as $10,000. I regret when I didn't know about it years ago because I became interested in it this year only but still I believe that I will still be one of the new wealthy elite because bitcoin is still in its childhood stage. Maybe in 5-10 years time from now, the target price of $10,000 will be hit.
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August 09, 2016, 10:32:19 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?

Even though this post was made five years ago, I still believe that bitcoin has a future.Its value will go up probably as high as $10,000. I regret when I didn't know about it years ago because I became interested in it this year only but still I believe that I will still be one of the new wealthy elite because bitcoin is still in its childhood stage. Maybe in 5-10 years time from now, the target price of $10,000 will be hit.

Maybe yes maybe not, but the thing is that we have to own by then 20-30 btc to consider our selfs the new wealthy elites!
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August 09, 2016, 10:40:59 AM
 #3404

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?

Even though this post was made five years ago, I still believe that bitcoin has a future.Its value will go up probably as high as $10,000. I regret when I didn't know about it years ago because I became interested in it this year only but still I believe that I will still be one of the new wealthy elite because bitcoin is still in its childhood stage. Maybe in 5-10 years time from now, the target price of $10,000 will be hit.

Yup you're right the target price is with in $10,000 to $20,000 in the future . Then if the target price would be achieve and you do have 5-7 btc then you are one of the wealthy elite but for now the price of bitcoin keeps falling after the halving and lets just expect that pretty soon it will go up. So lets just earn a lot of bitcoin if the target price would be achieve then thats nice Cheesy

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August 09, 2016, 10:43:46 AM
 #3405

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?

Even though this post was made five years ago, I still believe that bitcoin has a future.Its value will go up probably as high as $10,000. I regret when I didn't know about it years ago because I became interested in it this year only but still I believe that I will still be one of the new wealthy elite because bitcoin is still in its childhood stage. Maybe in 5-10 years time from now, the target price of $10,000 will be hit.

Maybe yes maybe not, but the thing is that we have to own by then 20-30 btc to consider our selfs the new wealthy elites!

Yes if you want to consider yourself as a rich person with bitcoin then you should hold more number of coins, so even if price doesn't goes too high, more coins will take best care of you.
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August 09, 2016, 02:22:38 PM
 #3406

I disagree with you sir that was a false statement that you have made.

How do you know?
I think back in the days when OP made that statement he seemed to know what he is talking about.
At least he understood how much power this invention, Bitcoin, will have.
When OP made this thread (5th of June 2011) the price of BTC was $18, right in the middle of the first bubble Bitcoin has seen.
Round about 5 years later we were at $630 to $650 and dropped due to the Bitfinex hack.
That's an increase of more than 3000%!!
And because of the fact that OP never has given any timeframe I would say wait another 10 years, which includes 2 more halvings, and he may have proven you being right.

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August 09, 2016, 02:34:56 PM
 #3407

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...

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August 09, 2016, 02:52:59 PM
 #3408

Anon OP and no profile shows, why this happen? Is he a ghost?

Precisely, OP was a prophet and went to the Heaven so his account disappeared forever??
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August 09, 2016, 05:51:12 PM
 #3409

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?

Even though this post was made five years ago, I still believe that bitcoin has a future.Its value will go up probably as high as $10,000. I regret when I didn't know about it years ago because I became interested in it this year only but still I believe that I will still be one of the new wealthy elite because bitcoin is still in its childhood stage. Maybe in 5-10 years time from now, the target price of $10,000 will be hit.

Maybe yes maybe not, but the thing is that we have to own by then 20-30 btc to consider our selfs the new wealthy elites!

When Op wrote this post, BTC prices were spiking from around $1 in early 2011 to $32 in mid 2011, and then returned to $5 prices.  There were folks who owned well over 10k btc at average prices below $10 each.

Of course, we have to deal with the price that we currently have in front of us in the upper $500s to establish our accumulation of bitcion strategies, and acquiring as many bitcoins as we reasonably can do would be a prudent strategy.  Nonetheless, I have my doubts about whether 20-30 btc is going to be enough BTC to put any of us objectively as a new wealthy elite, even though it has the potential to put many of us in very decent financial positions. 

Of course, depending on the cost of living in the area of the world that you live will affect the level of your eliteness.

On the other hand, if bitcoin rises to $500k or more per BTC, then 20-30 BTC is going to put in most of us in a decent position to proclaim at least some semblance of new wealthy elite status, gentlemen.

Blazin8888
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August 23, 2016, 11:41:15 PM
 #3410

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

"Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on." - Blow (2001)
ʃʃʃ Steemit - A blockchain-based blog and social media platform that pays you for making and upvoting quality posts
DomesticTrader
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August 31, 2016, 02:33:22 PM
 #3411

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
 #3412

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
 #3413

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
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October 29, 2016, 08:44:04 PM
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October 29, 2016, 09:01:47 PM
 #3415

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
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October 29, 2016, 09:05:15 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.

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October 29, 2016, 09:30:45 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.

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
 #3418

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
 #3419

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
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October 30, 2016, 06:24:33 AM
 #3420

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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