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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 598243 times)
NorrisK
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April 27, 2017, 09:20:25 AM
 #3561

It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.

Give it time. It will be worth $10 again.
LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin
has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success.
I agree that we will not be able to see that big dump on the price because bitcoin is getting more even stronger now and the price is always going up and that is the sign that bitcoin is now unstoppable and it can't be that easy for bitcoin to be dump because it needs a lot of money and bitcoins to do that and no one will ever do that because everyone always want profit.

Never assume anything. I thought it couldn't happen too when the bubble popped all the way down to $2. I'm hoping all of the big block-small block bullshit causes a massive crash and we can buy back in cheap and do it all over again. It would also be nice if it was discovered that a couple of the Chinese exchanges were faking the price like MtGox was so we can do it all over again.

If the price pushes too high only the dumbest traders will stay with Bitcoin.

Remember, if you invest $100,000 in Bitcoin and the price is $10 it only needs to rise to $20 to double your money to $200,000.

If you invest $100,000 in Bitcoin and the price is $5000 it needs to go to $10,000 to double your money to $200,000.

If you were an investor, which playing field would you rather buy in on?

You are simply wet dreaming about btc going to $10 again...
There are far too many eyes on btc now to get anywhere near that....
The way things are going, litecoin might not even go back to $10 never mind Bitcoin..

Sure, but isn't it a nice dream. Wouldn't you like to do it all over again?

yes ,indeed ,not many people from the early days are still around here like us lol
it would be nice not only for the extra cash but for the nostalgic rollercoaster ride

i bought my first btc's around  $3 and i bought more and more  until they hit like $10
i would love to do it all it all again but i think LTC is our best chance to go through simlar patterns of adoption
and gains .........

It would have taken some guts to hold your coins all the way through the bumpy ride for so many years.

It is not likely indeed that there are many of the early miners/buyers left, but those that did are probably not to chatty about it Wink Better to hide yourself and your wealth than to brag about it and become a target.

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April 27, 2017, 01:56:25 PM
 #3562

I think at 2017 end btc price will reach around 2k$+ and more at 2018

Yes that's what we all are expecting to happen in this year and bitcoin is moving in a positive direction at a moment so that price is likely to achieve by the end of the year and if you manage to hold it longer then you will be making some higher profits in future.

Bitcoin is full of surprises and anything is possible in coming months so we cannot afford to trust bitcoin blindly that it will only give us positive results and if price falls down then all your holdings will go in vain so be smart and take your decisions accordingly.
Because of the price of bitcoin is unpredictable and volatile, it is best to buy bitcoin regularly like every month because in that strategy you will buy the average per month price of bitcoin and you can avoid getting too much loss from buying bitcoin rather than buying bitcoin from all of your money in one shot.

It's better to divide the month into four and buy weekly, because bitcoin tends to be too volatile for the monthly to work out as well, so instead of buying $100 per month, buy $25 per week.

Hmm... Not if you consider long term

I mean long term the price of btc is going to go up (at least IMO)
So if you buy everymonth the average price of buying will always increase
So no matter how expensive they were at a moment, if you buy everything at month X price X there will be a moment X2 where if you bought everymonth your average price will be bigger ^^

You don't seem to understand the concept of dollar cost averaging.  Of course the presumption is that in the long term the prices are going to be going up, and you are likely not going to make as much money .. but the other point is better assurance that you are going to make money and not be caught up in some kind of gambling tendency and trying to guess prices and all that other bullshit that will more likely cause you to either lose money or to make less profits because of your ongoing betting (like martingale betting)..  

And the point about the price going up does not really matter, when you consider dollar cost averaging, you presume that with the passage of time the price is mostly going up and in the long term you are going to be in profits (and you can also account for you ongoing cash flow issues too, rather than attempting to leverage with something that you might not have).

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April 27, 2017, 02:21:11 PM
 #3563

It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.

Give it time. It will be worth $10 again.
LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin
has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success.
I agree that we will not be able to see that big dump on the price because bitcoin is getting more even stronger now and the price is always going up and that is the sign that bitcoin is now unstoppable and it can't be that easy for bitcoin to be dump because it needs a lot of money and bitcoins to do that and no one will ever do that because everyone always want profit.

Never assume anything. I thought it couldn't happen too when the bubble popped all the way down to $2. I'm hoping all of the big block-small block bullshit causes a massive crash and we can buy back in cheap and do it all over again. It would also be nice if it was discovered that a couple of the Chinese exchanges were faking the price like MtGox was so we can do it all over again.

If the price pushes too high only the dumbest traders will stay with Bitcoin.

Remember, if you invest $100,000 in Bitcoin and the price is $10 it only needs to rise to $20 to double your money to $200,000.

If you invest $100,000 in Bitcoin and the price is $5000 it needs to go to $10,000 to double your money to $200,000.

If you were an investor, which playing field would you rather buy in on?

You are simply wet dreaming about btc going to $10 again...
There are far too many eyes on btc now to get anywhere near that....
The way things are going, litecoin might not even go back to $10 never mind Bitcoin..

Sure, but isn't it a nice dream. Wouldn't you like to do it all over again?

yes ,indeed ,not many people from the early days are still around here like us lol
it would be nice not only for the extra cash but for the nostalgic rollercoaster ride

i bought my first btc's around  $3 and i bought more and more  until they hit like $10
i would love to do it all it all again but i think LTC is our best chance to go through simlar patterns of adoption
and gains .........

It would have taken some guts to hold your coins all the way through the bumpy ride for so many years.

It is not likely indeed that there are many of the early miners/buyers left, but those that did are probably not to chatty about it Wink Better to hide yourself and your wealth than to brag about it and become a target.

i dont wish to live either in fear or like a recluse or both .....
there are hundreds of people like me who saw potentia early and scores who got into bitcoin much earlier
there are also a lot of hi net worth individuals living in my city so i dount il be kidnapped before any of them lol

if talking with a fellow bitcoiner about cheap bitcoins in "tha good old days of 2011 "  is now constituted as bragging then maybe we should just close this forum down ,or at least restrict membership to anyone who joined anyday  bitcoin happened to be cheaper than today /s

you sound like you take it personally that some people made money than you did but its all relative ,you will make orders of magnitude more money than people who find out about bitcoin 5 years from now etc (providing you actually have some btc and your not just some random troll lol )
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April 27, 2017, 03:10:05 PM
 #3564

IMO, as long as this scaling war doesn't decimate things, it's highly probable that we see a double or even triple sized market cap within the next 5 years.

given the last five years, that seems pretty reasonable, which feels weird to write.

Indeed.

If no other honest digital currency takes the lead, bitcoin will likely appreciate in price. The FED will likely grow its balance sheet and create many more $ so bitcoin will increase at least 10 fold increase in nominal terms. Gold is a also good hedge against inflation, i don't recommend buying only bitcoins.

Probably true but I dont see that in near future as I feel BTC still has some life left and 10-15 years will be a definite. So you got plenty of time to think and strategize about alternative coins and decide which may hold a key to the future.

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April 27, 2017, 05:31:52 PM
 #3565

It's better to divide the month into four and buy weekly, because bitcoin tends to be too volatile for the monthly to work out as well, so instead of buying $100 per month, buy $25 per week.

yea, but depending on method of purchase, the fees involved could be worse that way. transferring to an exchange and whatnot i mean. unless you transferred in large amounts and let them sit on the exchange, but... well, eww.
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April 27, 2017, 06:21:39 PM
 #3566

It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.

Give it time. It will be worth $10 again.
LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin
has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success.
I agree that we will not be able to see that big dump on the price because bitcoin is getting more even stronger now and the price is always going up and that is the sign that bitcoin is now unstoppable and it can't be that easy for bitcoin to be dump because it needs a lot of money and bitcoins to do that and no one will ever do that because everyone always want profit.

Never assume anything. I thought it couldn't happen too when the bubble popped all the way down to $2. I'm hoping all of the big block-small block bullshit causes a massive crash and we can buy back in cheap and do it all over again. It would also be nice if it was discovered that a couple of the Chinese exchanges were faking the price like MtGox was so we can do it all over again.

If the price pushes too high only the dumbest traders will stay with Bitcoin.

Remember, if you invest $100,000 in Bitcoin and the price is $10 it only needs to rise to $20 to double your money to $200,000.

If you invest $100,000 in Bitcoin and the price is $5000 it needs to go to $10,000 to double your money to $200,000.

If you were an investor, which playing field would you rather buy in on?

You are simply wet dreaming about btc going to $10 again...
There are far too many eyes on btc now to get anywhere near that....
The way things are going, litecoin might not even go back to $10 never mind Bitcoin..

Sure, but isn't it a nice dream. Wouldn't you like to do it all over again?

yes ,indeed ,not many people from the early days are still around here like us lol
it would be nice not only for the extra cash but for the nostalgic rollercoaster ride

i bought my first btc's around  $3 and i bought more and more  until they hit like $10
i would love to do it all it all again but i think LTC is our best chance to go through simlar patterns of adoption
and gains .........

It would have taken some guts to hold your coins all the way through the bumpy ride for so many years.

It is not likely indeed that there are many of the early miners/buyers left, but those that did are probably not to chatty about it Wink Better to hide yourself and your wealth than to brag about it and become a target.

Nah, it didn't take guts. I'd love to pretend I had some kind of super mad investing skillz that let me see the future, but that's not true. I started mining Graet's pool, ozcoin just before the big run up to $15. I was so butthurt when it crashed to $2 but I kept mining because I already had the GPUs.

Back then there wasn't really anywhere to spend your coin. I bought an Amazon gift card from Jeremy at spendbitcoins once but I didn't really need or want anything they sold then. I was always skeptical of using an exchange named after a trading card game (MtGox) and they were the only show in town. So, if you can't spend them and you're afraid to give all your personal info to an overseas company the only thing left is sit on them. Then you see the exchange rate start to rise except it doesn't stop at $15, it just keeps going. Well, now you're afraid to ever sell them because you don't know where it will end. You just need to hold until you really need the money (which I don't), cash out, give the government their cut of the loot and spend your profit.

So you see, it's not mad skillz, it's dumb luck. LOL 

I worry more about living in a decent home with a nice car and desperate poor people all over the place than I worry about someone knowing how much btc I have. I've been mugged twice in my life and had my car stolen once (carjacked). I live in a huge metro area and I was traveling through a place I shouldn't have been. You could say that every time I've been robbed it was my fault. I'm much more worried about people taking my fiat away than my btc.

There's really nothing to brag about. I saw the Galker and Slashdot articles about the new money. Read a few reprints of the cypherpunks mailing list about the new invention and thought it had promise. Started mining and the above happened. Hard to really brag about being a lucky motherfucker. LOL

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April 27, 2017, 06:42:07 PM
 #3567

I don't think it is about guts.
It's about understanding a bit of cryptography and mathematics.

That was my best investment: education about bitcoin.


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April 27, 2017, 06:59:47 PM
 #3568

It's better to divide the month into four and buy weekly, because bitcoin tends to be too volatile for the monthly to work out as well, so instead of buying $100 per month, buy $25 per week.

yea, but depending on method of purchase, the fees involved could be worse that way. transferring to an exchange and whatnot i mean. unless you transferred in large amounts and let them sit on the exchange, but... well, eww.

There are ways to attempt to strategize regarding saving fees, like you said, you could transfer a dedicated amount and there are some places where the fees are near zero, especially if you plan ahead.

The dollar cost average method it a time tested method that works for a lot of investors who do not want to get into a gambling mindset, but long term believe that the asset is going up... but they do not want to necessarily have to monitor it on a daily basis, either.

So you could have automatic buys or you could manually carry them out in whatever time increment is comfortable for you... and I still think that monthly is waiting too long and better to spread out.. even every two weeks is better than monthly.

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April 27, 2017, 07:04:49 PM
 #3569

$1300 !  yahhhhhhh.

We will be the new wealthy elite (maybe)

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April 28, 2017, 04:24:21 PM
 #3570

$1300 !  yahhhhhhh.

We will be the new wealthy elite (maybe)

yup the price is more than $13xx like you said and even we have reach $14xx this day and yesterday. but i think the price will going to go up again like before and i hope its really happen. the more higher the price, the more profit we can take and we can withdraw big money in our bank account.

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April 30, 2017, 01:44:45 PM
 #3571

2k in 2017
Don't forget to h0dl  Cool
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April 30, 2017, 02:13:57 PM
 #3572

2k in 2017
Don't forget to h0dl  Cool

Hope you're right. Even if it would take a bit longer I wouldn't be disappointed as long as we keep movin up. So 1500-1800 would be fine to me as well, although 1500 would be extremely conservative price estimation I know.
Furthermore I believe more guys here are hodlers, at least in terms of Bitcoin, not sure about shitcoins though! Cheesy

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May 02, 2017, 12:32:04 PM
 #3573

Bump  Grin
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May 02, 2017, 12:56:46 PM
 #3574

The new biggest cryptocurrency is coming. It's going to change everything. It hasn't even been released onto the maket and it has a market cap of $180,000,000. Get ready for the new bitcoin.

https://www.iotatoken.com/

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May 02, 2017, 01:04:20 PM
 #3575

The new biggest cryptocurrency is coming. It's going to change everything. It hasn't even been released onto the maket and it has a market cap of $180,000,000. Get ready for the new bitcoin.

https://www.iotatoken.com/



He will have to work hard to destroy bitcoin, but everything is possible and I do not exclude that bitcoin can die.
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May 02, 2017, 01:08:10 PM
 #3576

2k in 2017
Don't forget to h0dl  Cool

Hope you're right. Even if it would take a bit longer I wouldn't be disappointed as long as we keep movin up. So 1500-1800 would be fine to me as well, although 1500 would be extremely conservative price estimation I know.
Furthermore I believe more guys here are hodlers, at least in terms of Bitcoin, not sure about shitcoins though! Cheesy
Seems like Bitcoin has been gaining popularity that means users are increasing that leads to this increase in price. It is no doubt that it will reach $2000 mark this year and the usage of Bitcoin in Japan and the recognition of Russia towards Bitcoin would help it fuel this desire of ours.
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May 02, 2017, 01:14:17 PM
 #3577

Bump  Grin


Yeah, to the moon gentlemen. I'm more than certain that from $1500 mark we are heading to $2000 and hopefully before the end of the year. Where are the negative media propagandists? Shame on you all

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May 02, 2017, 03:15:11 PM
 #3578

This has to retrace some day !!!

Not withstanding...Hurray for all faithful HODLERS !!!

The white beaches and the wholesome maidens seem closer now  Grin

Learn to listen, listen to learn.
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May 02, 2017, 03:53:32 PM
 #3579

Bitcoin have  gone so far definitely!We really can't tell what are coming months and years reserved for us.Indeed we are starting to conquer the whole world thru Bitcoin.
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May 02, 2017, 03:55:04 PM
 #3580

the wholesome maidens seem closer now  Grin
What sort of filthy pig are you?  

Let me see if I got this right?: If you get more money, the maidens come closer to you?  Those aren't 'wholesome maidens', those are gold digging whores.  Run. 

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