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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 587776 times)
mrkevio
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January 02, 2017, 11:01:46 PM
 #3461

Yup. I miss 2011/12, despite all the scams and crazy looks I'd get from respectable people when I mentioned bitcoin to them. Smiley

Vladimir club, anybody? ;-) I miss him too...

(In case you are wondering, hold 2100 coins to have 1/10000th of all coins possibly available. Nice advice, in hindsight)

Hah, 2100BTC.. I'm struggling with reaching even 1BTC and you're talking about over two thousands! I wish I could go back in time and buy hundreds of thousands of Bitcoins in 2010 or 2011. The price was so low and nobody ever trusted it would go up to even a dollar. We're now at over $1k and it now seems impossible for the price to reach $100.000, what do you think? The chances are, it will get to that price in Q4 2017. I'm always thinking about that guy celebrating Bitcoin by buying pizza .. I cannot imagine how bad he should feel right now, that was $10 MILLION. If the pizza shop still has that amount.... The owner should be on an island with everything he wants right now!

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January 02, 2017, 11:07:43 PM
 #3462

Nice throwback of a thread. Cheesy
Even the original poster doesn't have a name. Smiley
That was an interesting time and this is sort of a time machine back to see what people were thinking was going to happen back then with this new and unknown piece of currency.
The ones that stuck with it through thick and thin have really benefited the most of and and continue to do so.
Glad to be part of this wild roller coaster ride too, well the good times that it had shown me so far atleast. Wink

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January 03, 2017, 12:12:24 AM
 #3463

Nice throwback of a thread. Cheesy
Even the original poster doesn't have a name. Smiley
That was an interesting time and this is sort of a time machine back to see what people were thinking was going to happen back then with this new and unknown piece of currency.
The ones that stuck with it through thick and thin have really benefited the most of and and continue to do so.
Glad to be part of this wild roller coaster ride too, well the good times that it had shown me so far atleast. Wink

Well, yeah, it is a hell of a ride for me over 2016, my bitcoin stash at one stage peaked at 30~ BTC but then lost it all on various sites gambling. That was my mistake, especilaly when I could have just held the coins and reaped a nice profit from the price hikes.

30 BTC is $30,000 at current price levels. It hurts to even speak about it lmao.

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January 03, 2017, 01:10:01 AM
 #3464

Nice throwback of a thread. Cheesy
Even the original poster doesn't have a name. Smiley
That was an interesting time and this is sort of a time machine back to see what people were thinking was going to happen back then with this new and unknown piece of currency.
The ones that stuck with it through thick and thin have really benefited the most of and and continue to do so.
Glad to be part of this wild roller coaster ride too, well the good times that it had shown me so far atleast. Wink

Well, yeah, it is a hell of a ride for me over 2016, my bitcoin stash at one stage peaked at 30~ BTC but then lost it all on various sites gambling. That was my mistake, especilaly when I could have just held the coins and reaped a nice profit from the price hikes.

30 BTC is $30,000 at current price levels. It hurts to even speak about it lmao.

20 BTC myself. sold most for badly needed money around 100 a coin... have nothing but dust now.
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January 03, 2017, 01:13:00 AM
 #3465

  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

Well congrats we have got there twice now, hows that new car and i hope your student debts are clear....lol
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January 03, 2017, 04:45:28 AM
 #3466

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! Amazed that this was wrote more than 5 years ago. I'm sure you guys must be quite rich now.
But for us newbies, not there yet. It will take much more to own 10 BTC now, but hopefully we will reach that mark and then I think we will be quite rich as well.
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January 03, 2017, 06:36:17 AM
 #3467

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?

Post on 2011 and now 2017. Black market, Dark net etc make this bitcoin growing high.
You're right OP, but not $10.000 yet. Sad i came to this forum too late.

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January 03, 2017, 06:58:09 AM
 #3468

Yup. I miss 2011/12, despite all the scams and crazy looks I'd get from respectable people when I mentioned bitcoin to them. Smiley

Vladimir club, anybody? ;-) I miss him too...

(In case you are wondering, hold 2100 coins to have 1/10000th of all coins possibly available. Nice advice, in hindsight)


Yeah/.... one thing is holding 2100 coins and another thing is managing them for 5 of the subsequent years....

But in hindsight we can see that if you had 2100 coins in 2011, you could have liquidated 100 coins per year and still been o.k with about 1500 coins, currently.  Not the best management, but somewhat plausible and reasonable.

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January 03, 2017, 07:04:40 AM
 #3469

You're right OP, but not $10.000 yet. Sad i came to this forum too late.

No. You are not late.

Right now, only around 1 million individuals use Bitcoins. And remember that the world population stands at around 7 billion right now. Less than 0.02% of the humans are using BTC.

Imagine what could happen if BTC becomes popular. Imagine the market cap, if we could have 1 billion users!


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January 03, 2017, 07:22:07 AM
 #3470

You're right OP, but not $10.000 yet. Sad i came to this forum too late.

No. You are not late.

Right now, only around 1 million individuals use Bitcoins. And remember that the world population stands at around 7 billion right now. Less than 0.02% of the humans are using BTC.

Imagine what could happen if BTC becomes popular. Imagine the market cap, if we could have 1 billion users!



Even just buying 1 BTC for $1,000 would be a decent hedge, it seems.

Although it would probably be better to buy more than 1 so you could have room to use them here and there along the way... and even to dollar cost average from here on out would not be a bad idea.

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January 03, 2017, 08:17:02 AM
 #3471

I would now include ladies into the mix, not just gentlemen. I only heard about bitcoin and other digital currencies firstly through my Wife so women should be included. I do not think it is too late to visualize some wealth creation., We have a marketcap x 10 to reach before bitcoin reaches 10k usd level, so we have some time still to build some wealth.


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January 03, 2017, 08:34:05 AM
 #3472

I would now include ladies into the mix, not just gentlemen. I only heard about bitcoin and other digital currencies firstly through my Wife so women should be included. I do not think it is too late to visualize some wealth creation., We have a marketcap x 10 to reach before bitcoin reaches 10k usd level, so we have some time still to build some wealth.

Any rebranding would screw up the whole thread and the whole idea, and the expression that has been created around it..

If you want to include ladies, then if you happen to be a lady, you can still assert that this is gentlemen (referring to yourself), what is wrong with that?

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January 03, 2017, 10:18:54 AM
 #3473

You're right OP, but not $10.000 yet. Sad i came to this forum too late.

No. You are not late.

Right now, only around 1 million individuals use Bitcoins. And remember that the world population stands at around 7 billion right now. Less than 0.02% of the humans are using BTC.

Imagine what could happen if BTC becomes popular. Imagine the market cap, if we could have 1 billion users!



Even just buying 1 BTC for $1,000 would be a decent hedge, it seems.

Although it would probably be better to buy more than 1 so you could have room to use them here and there along the way... and even to dollar cost average from here on out would not be a bad idea.

i think i agree with you both, i hope bitcoin price will grow higher than $1,000 lol
yes still many people didnt know about bitcoin, gonna promote bitcoin to other people in my country, then the price will more than $1k Smiley

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January 03, 2017, 12:02:59 PM
 #3474

I would have been wealthy by now if two developers hadn't scammed me, one was the stepscoin developer and another coin developer stole 18 bitcoins from me. It will take me a long time to recover but am hoping now I am making healthier investment choices, I can get it all back one day.


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January 03, 2017, 08:43:38 PM
 #3475

I would have been wealthy by now if two developers hadn't scammed me, one was the stepscoin developer and another coin developer stole 18 bitcoins from me. It will take me a long time to recover but am hoping now I am making healthier investment choices, I can get it all back one day.

ouch. that... ouch.

course i'm sitting here with something like 4 BTC debt to a fellow forumite from a few loans several years ago... it was about 360 when i borrowed. Sad
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January 03, 2017, 09:13:45 PM
 #3476

I would have been wealthy by now if two developers hadn't scammed me, one was the stepscoin developer and another coin developer stole 18 bitcoins from me. It will take me a long time to recover but am hoping now I am making healthier investment choices, I can get it all back one day.

ouch. that... ouch.

course i'm sitting here with something like 4 BTC debt to a fellow forumite from a few loans several years ago... it was about 360 when i borrowed. Sad

I personally believe these are reasons why each of us need to attempt some moderation in our approach and to not put all of our eggs in one basket.

Sure, I believe that some of the early adopters of bitcoin had leveraged and gambled greatly by purchasing a lot of coins, and that risk paid off greatly - however, that kind of mindset is going to be likely to backfire on you, if you keep doing it.  Frequently, such a tactic is referred to as the Martingale method - and statistically it does not pay off.

I am not opposed to gambling with a portion of your holdings (maybe less than 20% - even though I would refrain from doing that much), but you gotta consider a solid plan, such as dollar cost averaging and just socking that money away without thinking about it.  So in the case of bitcoin that means accumulating bitcoin with whatever budget that you have (whether that is $10 a week or $100 a week) and don't be taking major risks that are going to likely result in losing large amounts of your coins.

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January 03, 2017, 09:27:29 PM
 #3477

I would have been wealthy by now if two developers hadn't scammed me, one was the stepscoin developer and another coin developer stole 18 bitcoins from me. It will take me a long time to recover but am hoping now I am making healthier investment choices, I can get it all back one day.

ouch. that... ouch.

course i'm sitting here with something like 4 BTC debt to a fellow forumite from a few loans several years ago... it was about 360 when i borrowed. Sad

I personally believe these are reasons why each of us need to attempt some moderation in our approach and to not put all of our eggs in one basket.

Sure, I believe that some of the early adopters of bitcoin had leveraged and gambled greatly by purchasing a lot of coins, and that risk paid off greatly - however, that kind of mindset is going to be likely to backfire on you, if you keep doing it.  Frequently, such a tactic is referred to as the Martingale method - and statistically it does not pay off.

I am not opposed to gambling with a portion of your holdings (maybe less than 20% - even though I would refrain from doing that much), but you gotta consider a solid plan, such as dollar cost averaging and just socking that money away without thinking about it.  So in the case of bitcoin that means accumulating bitcoin with whatever budget that you have (whether that is $10 a week or $100 a week) and don't be taking major risks that are going to likely result in losing large amounts of your coins.

moderation in all things is one of the better bits of advice i've ever heard from anyone. i see no reason nt to apply it to finances either.

insert "without great risk, there is no great reward" to counter that... but ya know, while i used to get wide eyed at the potential of quick riches with bitcoin, i'm perfectly ok with moderate rewards nowadays.
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January 03, 2017, 10:07:54 PM
 #3478

Pretty crazy reading back to the OP.   During that time until now, there has been the run up to $1200 back in 12/13 (or so), and then the drop all the way back down to around $160.  Now we are steadily approaching those all time highs again.  This run up has a different feel since the volatility has gotten less over time.

 Each year in bitcoin seems like a decade for other financial industries.  
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January 03, 2017, 10:40:56 PM
 #3479

I would have been wealthy by now if two developers hadn't scammed me, one was the stepscoin developer and another coin developer stole 18 bitcoins from me. It will take me a long time to recover but am hoping now I am making healthier investment choices, I can get it all back one day.

ouch. that... ouch.

course i'm sitting here with something like 4 BTC debt to a fellow forumite from a few loans several years ago... it was about 360 when i borrowed. Sad

I personally believe these are reasons why each of us need to attempt some moderation in our approach and to not put all of our eggs in one basket.

Sure, I believe that some of the early adopters of bitcoin had leveraged and gambled greatly by purchasing a lot of coins, and that risk paid off greatly - however, that kind of mindset is going to be likely to backfire on you, if you keep doing it.  Frequently, such a tactic is referred to as the Martingale method - and statistically it does not pay off.

I am not opposed to gambling with a portion of your holdings (maybe less than 20% - even though I would refrain from doing that much), but you gotta consider a solid plan, such as dollar cost averaging and just socking that money away without thinking about it.  So in the case of bitcoin that means accumulating bitcoin with whatever budget that you have (whether that is $10 a week or $100 a week) and don't be taking major risks that are going to likely result in losing large amounts of your coins.

moderation in all things is one of the better bits of advice i've ever heard from anyone. i see no reason nt to apply it to finances either.

insert "without great risk, there is no great reward" to counter that... but ya know, while i used to get wide eyed at the potential of quick riches with bitcoin, i'm perfectly ok with moderate rewards nowadays.


Well, surely each of us needs to weigh his/her own situation, and there is certainly some truth to the fact that someone who is a lot younger may be able to put a lot more on the table in terms of betting "it all" as compared with someone who is older and preparing for retirement (in which there may not be as many ways or a longer timeline to recover losses or to be able to start over).   

So, I am not necessarily suggesting that 100% moderation is going to be applicable to everyone, and also certainly there are some personality differences in terms of willingness to take risks, and there will be some needs to take some risks (sometimes) in order to experience payoffs that may not otherwise be possible.

So in that regard, there may be a variety of ways to approach the matter and to consider the possible outcomes of what you are doing and to attempt to protect yourself for a variety of potential outcomes.


Flanagan
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February 21, 2017, 03:35:57 PM
 #3480

Loving always the title of this thread...

1100 today....
predictions of 3000 by year's end.

 Grin

Learn to listen, listen to learn.
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