Bitcoin Forum
March 28, 2017, 09:48:01 PM *
News: Latest stable version of Bitcoin Core: 0.14.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 [175] 176 177 »
  Print  
Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 532252 times)
arklan
Legendary
*
Online Online

Activity: 1302


Just along for the ride...


View Profile
January 03, 2017, 08:43:38 PM
 #3481

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
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1490737681
Hero Member
*
Offline Offline

Posts: 1490737681

View Profile Personal Message (Offline)

Ignore
1490737681
Reply with quote  #2

1490737681
Report to moderator
1490737681
Hero Member
*
Offline Offline

Posts: 1490737681

View Profile Personal Message (Offline)

Ignore
1490737681
Reply with quote  #2

1490737681
Report to moderator
1490737681
Hero Member
*
Offline Offline

Posts: 1490737681

View Profile Personal Message (Offline)

Ignore
1490737681
Reply with quote  #2

1490737681
Report to moderator
JayJuanGee
Legendary
*
Offline Offline

Activity: 1106


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
January 03, 2017, 09:13:45 PM
 #3482

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.

arklan
Legendary
*
Online Online

Activity: 1302


Just along for the ride...


View Profile
January 03, 2017, 09:27:29 PM
 #3483

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.
keithers
Legendary
*
Offline Offline

Activity: 1162


You're not a wolf & this is the land of wolves now


View Profile
January 03, 2017, 10:07:54 PM
 #3484

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.  
JayJuanGee
Legendary
*
Offline Offline

Activity: 1106


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
January 03, 2017, 10:40:56 PM
 #3485

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
Full Member
***
Offline Offline

Activity: 126


View Profile
February 21, 2017, 03:35:57 PM
 #3486

Loving always the title of this thread...

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

 Grin

Learn to listen, listen to learn.
hardtime
Sr. Member
****
Offline Offline

Activity: 308


View Profile
February 21, 2017, 05:05:38 PM
 #3487

God thinking about what the price was like in 2011 which was probably around the price of  $1-30 USD per coin and what it is now really makes you disgusted on the amount of money that could've been made if you bought bitcoin instead of an XBOX or any other christmas gift that you wanted.  Makes me really think about what I've been doing with my money for all this time.

Plus OP, if you're reading this 6 years later you must know what if you bought 100 coins back then you're doing pretty well for yourself.

Loving always the title of this thread...

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

 Grin

I'm thinking more along the lines of 1000-1400 range and I hope it stays like that as I just bought.

SolarSilver
Legendary
*
Offline Offline

Activity: 1046


View Profile
February 21, 2017, 05:32:36 PM
 #3488

God thinking about what the price was like in 2011 which was probably around the price of  $1-30 USD per coin and what it is now really makes you disgusted on the amount of money that could've been made if you bought bitcoin instead of an XBOX or any other christmas gift that you wanted.  Makes me really think about what I've been doing with my money for all this time.

isn't that the best financial advice: stop wasting your money on liabilities and start buying assets?
Melbustus
Legendary
*
Offline Offline

Activity: 1596



View Profile
February 23, 2017, 06:46:02 PM
 #3489

Ok, I'll jinx it. Bump.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cr1776
Legendary
*
Offline Offline

Activity: 1484


View Profile
February 24, 2017, 12:20:25 AM
 #3490

God thinking about what the price was like in 2011 which was probably around the price of  $1-30 USD per coin and what it is now really makes you disgusted on the amount of money that could've been made if you bought bitcoin instead of an XBOX or any other christmas gift that you wanted.  Makes me really think about what I've been doing with my money for all this time.

isn't that the best financial advice: stop wasting your money on liabilities and start buying assets?

You are right - that always applies.  Even if you don't get the return that bitcoin has had since 2010/2011 (let alone 2009), assets over time are much preferred to liabilities.

Your future depends on the choices you make now, so might as well make good ones.
Yakamoto
Hero Member
*****
Offline Offline

Activity: 714


View Profile
February 24, 2017, 12:28:16 AM
 #3491

God thinking about what the price was like in 2011 which was probably around the price of  $1-30 USD per coin and what it is now really makes you disgusted on the amount of money that could've been made if you bought bitcoin instead of an XBOX or any other christmas gift that you wanted.  Makes me really think about what I've been doing with my money for all this time.

isn't that the best financial advice: stop wasting your money on liabilities and start buying assets?
Typically the definition of "asset" is very loosely defined, and there are a lot of things that you can define an asset, and, in my opinion, that definition changes from person to person.

In a nutshell though, you are right when you say that it is best to stop buying things that drain wealth without being able to retain a lot of their value. Something like a car is a relatively hotly debated topic as to whether it is a liability or asset. With Uber and everything now, I would lean towards asset.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
LLec
Sr. Member
****
Offline Offline

Activity: 434



View Profile
February 24, 2017, 12:32:11 AM
 #3492

Ok, I'll jinx it. Bump.
Nothing can jinx this one up.
Not this time.
There are too many factors involved that are looking in it's favor.
The China exchanges are going by the way side with Bitfinex being the nail in the coffin for them whether they can manage to recover from what happened to them now.
Etf is getting approval and SEC even told them ahead of schedule they have done so with even knowing the price was to rise to it's levels today since the 14th of this month.
And there are 7 new planets in a solar system that can hold life.
So the cosmic alignment is complete with bitcoin busting out and running long time fury now!
At $1182 and beyond to who knows where it's going to now!




         ▄▄████████████████████████▀
      ▄████▀     ▀▀██████████████▀
   ▄█████▌          ████████████▄
  ███████            █████████████▄
 ████████           ▄███████████████
▐█████████▄▄      ▄███████████████▀
████████████████████████████████▀
████████████▀▀▀▀▀▀███████████████▄
 █████████          ███████████████▄
 ▐███████            ██████████████▀
   ██████           ▐████████████▀
    ▀█████         ▄████████████▄
       ▀█████▄▄▄▄█████████████████▄
           ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
ETHBITS

.
EXISTING EXCHANGE
UP TO 80% PROFIT SHARE
.
COPY PROFESSIONAL TRADERS
COPY TRADING EXCHANGE


cr1776
Legendary
*
Offline Offline

Activity: 1484


View Profile
February 24, 2017, 12:33:43 AM
 #3493

By the way, since Atlas' link above no longer works, I think this is a better one.  Some of the comments below it sound like everything I read between august 2010 and today from people who keep predicting destruction.


Archive.org:
http://web.archive.org/web/20110630101150/http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity
Or:
http://themonetaryfuture.blogspot.com/2011/06/bitcoin-is-economic-singularity.html
kingorbust
Sr. Member
****
Offline Offline

Activity: 336



View Profile
February 24, 2017, 02:35:36 AM
 #3494

By the way, since Atlas' link above no longer works, I think this is a better one.  Some of the comments below it sound like everything I read between august 2010 and today from people who keep predicting destruction.


Archive.org:
http://web.archive.org/web/20110630101150/http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity
Or:
http://themonetaryfuture.blogspot.com/2011/06/bitcoin-is-economic-singularity.html

such a prophetic post. I wonder if that guy is millionaire right now.




           ▄▄▄▄▄ 
     ▄▄█████████████▄
   ▄█████▀       ▀█████▄
 ▄████▀             ▀████▄
 ███▀                 ▀███▄
███▀   █████████████   ▀███
███    ▀▀▀▀▀███▀▀▀▀▀    ███
███         ███         ███
███▄        ███        ████
▀███▄       ███       ▄███▀
 ▀████▄     ▀▀▀     ▄████▀
   ▀█████▄▄     ▄▄█████▀
      ▀█████████████▀
           ▀▀▀▀▀▀ 
WeTrust.io


             ▄██▄
     ▄      ▐████   ▄▄
   █████     ██████████
    █████████████████▀
 ▄████████████▀████▌
██████████     ▀████     
 ▀▀   █████     ██████████
      ▀████▌▄████████████▀
    ▄▄▄███████████████▌
   ██████████▀    ▐████
    ▀▀▀  ████▌     ▀▀▀
         ▀███▀
.........SLACK..........
██████████████████████████████████████████████████████████████████████████████████████████████████████████████
BITCOINTALK THREAD


 ▄████████████████████▄
████████████████████████
██████████ ▀████████████
██████████    ▀█████████
██████████    ▄█████████
██████████ ▄████████████
████████████████████████
 ▀████████████████████▀
.YOUTUBE.
██████████████████████████████████████████████████████████████
BLOG

                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀
.TWITTER.
██████████████████████████████████████████████████████████████
MEDIUM

  ▄██▄▄                ▄▄██▄
  ████████▄▄▄▄▄▄▄▄▄▄▄███████
  ██████████████████████████
  ██████████████████████████
▄████████████████████████████▄
██████████████████████████████▌
█████▀                  ▀█████▌
████    ███▄      ▄███    ████▌
████   ▐████      ████▌   ████
 ███    ▀██▀      ▀██▀    ███▀
  ▀██▄                  ▄██▀
    ▀▀██████████████████▀▀
.GITHUB.
████████████████████████████████████████████████████████
TELEGRAM


Paashaas
Legendary
*
Offline Offline

Activity: 793



View Profile
February 24, 2017, 02:55:45 AM
 #3495

OP prediction is still on track, slow but steady!
dooglus
Legendary
*
Offline Offline

Activity: 2100



View Profile
February 24, 2017, 10:02:48 PM
 #3496

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!

The 10k BTC pizza deal involved one bitcoiner paying another bitcoiner 10k BTC to buy him a couple of pizzas. No pizza shop accepted BTC back then.

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
arklan
Legendary
*
Online Online

Activity: 1302


Just along for the ride...


View Profile
February 25, 2017, 03:17:49 AM
 #3497

11.8 million at current prices... but yea.

which reminds me that in 2013 i had 10 coin i sold to my brother - at 100 a piece. :|
botany
Legendary
*
Offline Offline

Activity: 1022



View Profile
February 25, 2017, 06:34:09 AM
 #3498

11.8 million at current prices... but yea.
which reminds me that in 2013 i had 10 coin i sold to my brother - at 100 a piece. :|

Thankfully, I found out about Bitcoin after the boom and bust of 2013.
I have not seen any heart-breaking busts, but no big booms either. If we break out of this current trading range, it will be something.

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
dejavuboy
Jr. Member
*
Offline Offline

Activity: 39


View Profile
February 25, 2017, 06:55:36 AM
 #3499

All I care about is paying college loans. If this can do that, I will be a happy panda.

kkk
Flanagan
Full Member
***
Offline Offline

Activity: 126


View Profile
February 25, 2017, 12:13:03 PM
 #3500

11.8 million at current prices... but yea.

which reminds me that in 2013 i had 10 coin i sold to my brother - at 100 a piece. :|

I would have been happy if i had bought at the beginning of 2013 , when bitcoin was at 4$, instead of during the first ATH and downtrend... Cry

Learn to listen, listen to learn.
Pages: « 1 ... 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 [175] 176 177 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!