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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 519174 times)
stomachgrowls
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October 30, 2016, 06:47:38 AM
 #3421

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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October 30, 2016, 07:18:09 AM
 #3422

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
 #3423

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
 #3424

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.
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December 26, 2016, 01:58:19 PM
 #3425

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!
pereira4
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December 26, 2016, 02:06:13 PM
 #3426

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.

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December 26, 2016, 02:18:13 PM
 #3427

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
 #3428

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

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December 28, 2016, 01:56:41 PM
 #3429

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
 #3430

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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December 28, 2016, 02:33:06 PM
 #3431

I just got goosebumps while reading this, haha! I hope we are too, the price just keeps rising and it's almost doubled in a few weeks only (ok we got $200 left to go, but we're still pretty close to doubling it!). I'm looking all day long on my second screen for the price to keep going up and every time I go to sleep the next day it's a few dozens up more. Good luck to everybody, I hope we'll begin a new year with an amazing price of +$1000!!! Cheesy

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December 28, 2016, 02:51:47 PM
 #3432

Good time to dig this old beauty out. Stay calm though gentlemen, we've all made significant money HODLING over the past few years but let's wait until we obliterate the ATH. I'm talking multiple thousands of dollars per bitcoin before we get too excited.

We need strong hands, do not sell everything yet.

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December 28, 2016, 02:56:46 PM
 #3433

Good time to dig this old beauty out. Stay calm though gentlemen, we've all made significant money HODLING over the past few years but let's wait until we obliterate the ATH. I'm talking multiple thousands of dollars per bitcoin before we get too excited.

We need strong hands, do not sell everything yet.
Don't sell anything ever.

I think we need to start talking about those hodling 21 or more Bitcoin. I believe that that will be the new millionaires club.

#TogetherWeAreETH
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December 28, 2016, 05:16:07 PM
 #3434

Good time to dig this old beauty out. Stay calm though gentlemen, we've all made significant money HODLING over the past few years but let's wait until we obliterate the ATH. I'm talking multiple thousands of dollars per bitcoin before we get too excited.

We need strong hands, do not sell everything yet.


EXACTLY! a Gentlemen never dumps prematurely ! Grin

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December 28, 2016, 08:46:49 PM
 #3435

Good time to dig this old beauty out. Stay calm though gentlemen, we've all made significant money HODLING over the past few years but let's wait until we obliterate the ATH. I'm talking multiple thousands of dollars per bitcoin before we get too excited.

We need strong hands, do not sell everything yet.
Don't sell anything ever.

I think we need to start talking about those hodling 21 or more Bitcoin. I believe that that will be the new millionaires club.
Come on $47,619! That will be an huge milestone.

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December 28, 2016, 09:41:40 PM
 #3436

There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 […]

Every time in history when majority of people & experts believed that only in very strong circumstances there will be a drop back and unless this circumstances will come there will never be a big crash, guess what … it came a big crash.  The higher this gets, the more fragile this is and the more sensitive everything is reacting to "bad" news …  Just my 2 Satoshi.

//alex

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December 28, 2016, 10:25:13 PM
 #3437

There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 […]

Every time in history when majority of people & experts believed that only in very strong circumstances there will be a drop back and unless this circumstances will come there will never be a big crash, guess what … it came a big crash.  The higher this gets, the more fragile this is and the more sensitive everything is reacting to "bad" news …  Just my 2 Satoshi.

//alex

This is not a high yet....
We have some ways to go through the last ATH and then an order of magnitude higher before I would consider a crash..

If the crash is premature then this isn't even time for the bull run yet.... It might go sideways for awhile before making another big run upwards.
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December 28, 2016, 11:38:30 PM
 #3438

This is not a high yet....
We have some ways to go through the last ATH and then an order of magnitude higher before I would consider a crash..

If the crash is premature then this isn't even time for the bull run yet.... It might go sideways for awhile before making another big run upwards.

Agreed.  I'm not expecting a crash yet either.  I was just playing the augur as I read "it will never crash" which is -- if predicted by the majority of the people -- always a sure sign it'll happen soon.  But you are right.  We are far away from this yet as the majority is not yet in.  But if your shoeshine service is giving you the hint to buy BTC it's a great time to sell as fast as you can Smiley

//alex

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December 28, 2016, 11:42:35 PM
 #3439

There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 […]

Every time in history when majority of people & experts believed that only in very strong circumstances there will be a drop back and unless this circumstances will come there will never be a big crash, guess what … it came a big crash.  The higher this gets, the more fragile this is and the more sensitive everything is reacting to "bad" news …  Just my 2 Satoshi.

//alex

This is not a high yet....
We have some ways to go through the last ATH and then an order of magnitude higher before I would consider a crash..

If the crash is premature then this isn't even time for the bull run yet.... It might go sideways for awhile before making another big run upwards.

A note on  ATH- USD is much stronger now than 3 years ago.  We made new ATH in many currencies this month, like my worthless Canadian dollars.   IIRC USD and CAD were relatively close to par in 2013, but we are around  C$1350/BTC right now with USD 975/BTC.
Perspective is important.
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December 28, 2016, 11:46:42 PM
 #3440

This is not a high yet....
We have some ways to go through the last ATH and then an order of magnitude higher before I would consider a crash..

If the crash is premature then this isn't even time for the bull run yet.... It might go sideways for awhile before making another big run upwards.

Agreed.  I'm not expecting a crash yet either.  I was just playing the augur as I read "it will never crash" which is -- if predicted by the majority of the people -- always a sure sign it'll happen soon.  But you are right.  We are far away from this yet as the majority is not yet in.  But if your shoeshine service is giving you the hint to buy BTC it's a great time to sell as fast as you can Smiley

//alex

In my opinion the gravedigging of this thread is a pretty good indicator of excessive euphoria. While excessive euphoria can indeed persist for a longer period of time before a market correction it's a clear warning sign that buying panic is at work and people may engage in leveraged positions which are a perfect setup for violent corrections.

On the other hand a possible argument against an upcoming crash is the notion that the Bitcoin ecosystem has become much bigger in the last months and that this forum is no longer representative for the general market mood.

ya.ya.yo!
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