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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 579328 times)
Flanagan
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February 21, 2017, 03:35:57 PM
 #3481

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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February 21, 2017, 05:05:38 PM
 #3482

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.



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Rainbot
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February 21, 2017, 05:32:36 PM
 #3483

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?
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February 23, 2017, 06:46:02 PM
 #3484

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
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February 24, 2017, 12:20:25 AM
 #3485

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.
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February 24, 2017, 12:28:16 AM
 #3486

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.














 

 

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February 24, 2017, 12:32:11 AM
 #3487

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!

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February 24, 2017, 12:33:43 AM
 #3488

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
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February 24, 2017, 02:35:36 AM
 #3489

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.


 
 
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February 24, 2017, 02:55:45 AM
 #3490

OP prediction is still on track, slow but steady!
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February 24, 2017, 10:02:48 PM
 #3491

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.

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February 25, 2017, 03:17:49 AM
 #3492

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. :|
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February 25, 2017, 06:34:09 AM
 #3493

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.

 

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February 25, 2017, 06:55:36 AM
 #3494

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

kkk
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February 25, 2017, 12:13:03 PM
 #3495

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

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February 25, 2017, 02:24:07 PM
 #3496

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

Why? The first ATH was less than $0.01. I would rather have bought then.

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February 25, 2017, 03:16:13 PM
 #3497

I always ask myself why I stopped mining from my desktop computer back in 2011. I did not have any clue about how this worked and I thought like this was going to end quickly. I've probably lost quite a few coins  Roll Eyes

"To live in accordance with how one thinks. Be yourself and don't try to impose your criteria on the rest. I don't expect others to live like me. I want to respect people's freedom, but I defend my freedom. And that comes with the courage to say what you think, even if sometimes others don't share those views." José "Pepe" Mujica
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February 25, 2017, 04:44:46 PM
 #3498

Everyone always talks about how the pizza guy or anyone else from early on is super rich and can buy an island.

But if you notice many times during these run ups, from $1 to $32, $10 to $266, $125 to $1216, $800 to $1220...there are always some huge dumps all at once on the way up.

That's just another early adopter dumping their bitcoins on the market to sell out to the world of fiat. Whoever had 10,000 bitcoins back then have likely sold it. Hell, maybe they sold them all when the price reached $1 and considered it a great investment.

Bitcoin is a depreciating currency. It will always go up.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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There's trouble abrewing!


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February 25, 2017, 05:12:58 PM
 #3499

.there are always some huge dumps all at once on the way up.

That's just another early adopter dumping their bitcoins on the market to sell out to the world of fiat.

watching the market sometimes, this what i love about it. early adopters, whales or whoever else dumps those large amounts at once, means a big chance for all the rest of the world to get more coins in their pockets.

in other words instead of one guy having 10,000BTC we can have a better spread and have 100 guys having 100BTC each. and there is a very limited supply available.

how much other people see this as opportunity is another discussion though.

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February 25, 2017, 05:21:01 PM
 #3500

Everyone always talks about how the pizza guy or anyone else from early on is super rich and can buy an island.

But if you notice many times during these run ups, from $1 to $32, $10 to $266, $125 to $1216, $800 to $1220...there are always some huge dumps all at once on the way up.

That's just another early adopter dumping their bitcoins on the market to sell out to the world of fiat. Whoever had 10,000 bitcoins back then have likely sold it. Hell, maybe they sold them all when the price reached $1 and considered it a great investment.

Bitcoin is a depreciating currency. It will always go up.

i agree with this, bitcoin can't rise as long as there are still around early adopters, bitcoin is now very high in value because many early adopters have sold their coins otherwise this can't be possible, i think in 2013 it was still not possible to hold that value because of this reason, it make sense now that the distribution is taking place slowly as the early adopters dump their huge amount of coins to the average people



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.BITVEST DICE.
HAS BEEN RELEASED!


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