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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 519551 times)
CoinCidental
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December 29, 2016, 02:16:51 AM
 #3441

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.


Perspective is very important, I like your moonero avatar btw

But realistically I don't consider this a proper bull run unless it goes exponentially higher than all the previous ones, for me that would be.at least  2.5x more than last time but probably 5x would be more likely to be considered an. Order of magnitude larger

If we hit 1000 and fall again to 800-900 we will have to regroup  and break the records in 2017 which I'm happy enough to wait for...

We have all the new markets in all the major countries so less than 2500-3000 would be embarrassing after 2013
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December 29, 2016, 05:07:55 AM
 #3442

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.


Well if you are distracted by alt coins, such as Zcash (as suggested by your user name), then you are likely going to take a lot longer to accumulate BTC, such as 10BTC, if that is a realistic goal for you.

Get focused on BTC, and maybe you can figure out a strategy to accumulate BTC in the coming years - maybe even to be able to accumulate 10 BTC if you can maintain some focus.

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December 29, 2016, 05:15:52 AM
 #3443

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


In terms of financial success, guys who invested in early 2011 or before had many opportunities to have their dreams come true with considerable exponential growth... if they had enough balls to invest enough money to get 10k coins or more...and to be able to hang onto those coins.  In early 2011, BTC was less than $1 per coin.

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December 29, 2016, 07:24:11 AM
 #3444

Gentlemen,

Where might one acquire a monocle in preparation for an all time high and elevation to elite status?
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December 29, 2016, 08:06:21 AM
 #3445

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?

You had one he'll of a prediction buddy, if you would have accumulated at that rate by now you would have been crazily wealthy. I really wished had collected few coins that time and now sit back and watch it grow. If I had grown rich with Bitcoin would prefer to have 50% used for charity work. Rest 30% for me. And with 10% I would fulfill someone wish to go around the world. But it's never too late let's hope we all will rich.

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December 29, 2016, 08:27:14 AM
 #3446

Early adopters can definetely say that, those whk had kept the coins are part of wealthy elite now. I'm not sure for the rest of us, now it's much harder to accumulate larger amount of Bitcoins unless you are performing some illegal activities. Maybe if price goes crazy up and then just a few Bitcoins would be enough to get rich.

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December 29, 2016, 10:26:33 AM
 #3447

This was posted on 2011 so fast forward right now in 2016, OPs guess is pretty accurate . If some of them really keep their bitcoins up until now then they are probably get huge profits from it . As for us who just started, There is no guarantee that we wil get lots of profits for the upcoming years but the chances that it will happen is high that's why I will hold my bitcoins .



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December 29, 2016, 12:59:16 PM
 #3448

This was posted on 2011 so fast forward right now in 2016, OPs guess is pretty accurate . If some of them really keep their bitcoins up until now then they are probably get huge profits from it . As for us who just started, There is no guarantee that we wil get lots of profits for the upcoming years but the chances that it will happen is high that's why I will hold my bitcoins .

I believe that some of them are already millionaires and some of them arent. I guess I am out of their league of elites since I only have 0.06 btc on my wallet. My only chance to be part of their group is when bitcoin reaches 100,000,000 $ each in the market. If that price is the price now then I am a millionaire already. But that is possible maybe 10 years from now so I will hold more satoshis so when the time it reaches that price then thats the time I will spend them.

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December 29, 2016, 01:36:11 PM
 #3449

Anonymous (Atlas?) was a visionary back in 2011 and this topic is one of my all time favorite topics on bitcointalk. and we are now seeing that bitcoin has been true to those who believed in it and bought and held bitcoin.

also it was very interesting to me when I was reading the first couple of pages just now that people seemed to be more positive back then, or it think it is better that I say there were less idiots with agendas against bitcoin to spread FUD back then.

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December 29, 2016, 02:36:48 PM
 #3450

Haha !! This thread was posted 2011 I hope those guys all listened because they would habe made 20x their money. Its crazy to think. It probably still true now. I think bitcoin will only go up and not Eben the sky is the limit ! Its not too late !! Just dont spend all your bitcoins at once Wink You might need them for later when the price sky rockets.

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December 29, 2016, 02:42:38 PM
 #3451

As for us who just started, There is no guarantee that we wil get lots of profits for the upcoming years but the chances that it will happen is high that's why I will hold my bitcoins .

Well, experts say that the bubbles happens only once. Remember the dot com boom of the late 90s? Those who invested in stocks such as Dell, Microsoft and Cisco got as much as 200X and 300X profits. That was almost two decades back. The stocks are still there, but they are no longer giving those sort of returns.


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December 29, 2016, 03:06:54 PM
 #3452

1. Considering current BTC adoption worldwide, which is around 0.001% of all population. All people dealing with BTC nowadays are early adopters. Even with the "price" of $1000 per 1BTC.
2. If BTC is going to be global currency, some simple math:

- approx. amount of all FIAT money in the world = $75 000 000 000 000
- max available amount of all BTC = 21 000 000
- potential highest value of BTC, if it replaces FIAT (never to happen) = $75 000 000 000 000 / 21 000 000 = $3 571 428 per 1BTC

Actually that number is irrelevant. With wider adoption BTC won't be usable unit for regular people, it will be mBTC, later on μBTC, later on nBTC, later on pBTC.

So yes, if Bitcoin is here to stay, all early adopters (including those buying today) are the new wealthy elite.
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December 29, 2016, 06:29:32 PM
 #3453

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.
We can never know if that will be the case a few years later, we cannot hold the bitcoin that much, the price of the bitcoin now the best opportunity that we have , if we hold any longer the price might go down and it will take another 10 years for it to get back the way it is now, but this is from my own personal vision.

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jbreher
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December 29, 2016, 08:12:42 PM
 #3454

Well, experts say that the bubbles happens only once.

You are obviously putting excessive trust in the wrong 'experts'. Bitcoin has _already_ experienced several bubbles. You can't meaningfully apply lessons learned from the stock market to Bitcoin - cryptocurrencies are an entirely new asset class. Their existence -- and consequently their behaviors -- are entirely without precedent.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
trigger1975
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December 29, 2016, 10:24:53 PM
 #3455

Well, experts say that the bubbles happens only once. Remember the dot com boom of the late 90s? Those who invested in stocks such as Dell, Microsoft and Cisco got as much as 200X and 300X profits. That was almost two decades back. The stocks are still there, but they are no longer giving those sort of returns.

If you refer to single stocks then you or these experts might be right.  But overall they are provably wrong.  It might be that there is no second .com bubble coming -- maybe, future will tell.  But this was not the first new economy bubble.  With every new revolutionary technology, there was a bubble, e. g. the railway bubble 1873.  Or how about the mortgage and real estate bubble in Japan end 80s?  Almost the same happened again 2008 in US and later in Spain.  Probably again in other countries due to extremely low interest rates since years.

And Bitcoin is completely different than the old fashined stock markets.  We've already had several bubbles in Bitcoin.

//alex

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December 29, 2016, 10:35:45 PM
 #3456

Anonymous (Atlas?) was a visionary back in 2011 and this topic is one of my all time favorite topics on bitcointalk. and we are now seeing that bitcoin has been true to those who believed in it and bought and held bitcoin.

also it was very interesting to me when I was reading the first couple of pages just now that people seemed to be more positive back then, or it think it is better that I say there were less idiots with agendas against bitcoin to spread FUD back then.
Ha ha! Visionary!

He was a nut case.
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December 30, 2016, 07:26:17 AM
 #3457

As for us who just started, There is no guarantee that we wil get lots of profits for the upcoming years but the chances that it will happen is high that's why I will hold my bitcoins .

Well, experts say that the bubbles happens only once. Remember the dot com boom of the late 90s? Those who invested in stocks such as Dell, Microsoft and Cisco got as much as 200X and 300X profits. That was almost two decades back. The stocks are still there, but they are no longer giving those sort of returns.



You should already realize by now that bitcoin is a bit of a different animal.  Of course there are some comparison points, but your analogy to tech bubbles (and supposed experts) seems a bit self-serving and skewed in some kind of misplaced analogy sense to suggest that there is not going to be another bitcoin bubble (preposterous)



Well, experts say that the bubbles happens only once.

You are obviously putting excessive trust in the wrong 'experts'. Bitcoin has _already_ experienced several bubbles. You can't meaningfully apply lessons learned from the stock market to Bitcoin - cryptocurrencies are an entirely new asset class. Their existence -- and consequently their behaviors -- are entirely without precedent.

Hahahahahahaha

My comment was too late.  I was already beat to the subject... and with a more elegant answer....  Cheesy    Wink

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December 30, 2016, 07:49:49 AM
 #3458

Haha !! This thread was posted 2011 I hope those guys all listened because they would habe made 20x their money. Its crazy to think. It probably still true now. I think bitcoin will only go up and not Eben the sky is the limit ! Its not too late !! Just dont spend all your bitcoins at once Wink You might need them for later when the price sky rockets.

OP's prediction is right, but it still does not hit $10,000. probably it can be true in the next years, just keep watching.

those who keep holding their bitcoin from 5 years ago, even 3 or 2 years ago can be rich know because the price is high enough now.

tabnloz
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January 02, 2017, 06:51:48 AM
 #3459

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?

always great to dig this thread up.

While it still "is just so hard to believe", the sentiment remains and we are now much further down the track with a lot of history behind us.
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January 02, 2017, 05:25:56 PM
 #3460

Haha !! This thread was posted 2011 I hope those guys all listened because they would habe made 20x their money. Its crazy to think. It probably still true now. I think bitcoin will only go up and not Eben the sky is the limit ! Its not too late !! Just dont spend all your bitcoins at once Wink You might need them for later when the price sky rockets.

OP's prediction is right, but it still does not hit $10,000. probably it can be true in the next years, just keep watching.

those who keep holding their bitcoin from 5 years ago, even 3 or 2 years ago can be rich know because the price is high enough now.

OP is long gone now... I wonder what was his actual nickname. For some reason his account was deleted. I remember hearing the story about it a long time ago and it was interesting... pretty much an story of going from rach to riches then disappearing.  I think he did the right thing, considering that back in the day the community was very small and it would have been easier to track his money. If he was a very early adoptor he must have tons of money by now, a millionaire for sure. I dont have that problem since im poor, but if I was rich I would have done the same.

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