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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 621919 times)
pealr12
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May 24, 2017, 03:54:42 PM
 #3641

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
After 6 six years of waiting ,this man is already a millionaire with apartments  and a luxury car. Am i right?
Your one example that if you believe ,your price could be so great.

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May 24, 2017, 04:54:16 PM
 #3642

This thread is the New Testament of Hodl.

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May 24, 2017, 05:00:36 PM
 #3643


For me I just cant help myself .... I would look at the whatever I purchased with BTC and 5 years later think well that was the most expensive X ever.


Once you've reached a certain plateau does that really matter any more? I assume for most people here it would be a house or two, enough to pay living costs forever and the purchase of a small Asian woman run her little fingers all over your willy.

Beyond that it becomes somewhat academic. I had a £200 Amazon gift card the other day and in the end gave it to someone else because there was genuinely nothing I wanted on the entire site so lord knows what I'd do with trillions, probably troll the Bitcoin markets by gulping up all the sell walls.


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May 24, 2017, 05:17:05 PM
 #3644

This thread is the New Testament of Hodl.

Hodling is the best thing to do right now. Trust me even a single bitcoin will make as reach someday.

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May 25, 2017, 10:06:32 AM
 #3645

I couldn't think of a better place to post this and I think it's fitting here. I just sold my stash of 6 years at $2,200. I just couldn't stand to wait any longer and I'm not greedy. Bitcoin definitely made me rich (not really rich elite but rich enough for me). Everything I own is paid off (houses, cars, Horizon 350 Four Winns boat - everything). I have everything I want and more. Hookers and beer for the rest of my life.

I hope bitcoin goes to a million dollars each and all of you get everything you want. I won't be disappointed if it does (because I kept a couple for a rainy day  Wink ). I'll still be around here to make fun of you when required (maybe not as much as before though). Good luck to you all and don't forget that it's not illegal to sell your coins.

Yeah.. right.. we have seen you around with your selling coins assertions a lot - christmas blah blah blah.. and now, supposedly the big cashing out.

Good of you to cash out on an uptrend, but seems a bit premature to sell a large portion of your holdings... and also, what else are you going to buy into?  oh?  stocks and bonds and real estate?  Bitcoin is likely going to continue to be a decent long term investment, and possibly better than other investments that you have, so it is good to keep some percentage in bitcoin, even if you might have some other asset classes in which you are more bullish...

Let's say 1% in bitcoin or 5% in bitcoin or 10%..


I invested a bit more than 10% in bitcoin in comparison with fiat related investments; however, my bitcoin investment is now more than 40% of my allocation - based on appreciation of bitcoin.. sure it could be wise of me to reallocate to 10% or some other moderate stance - but cashing out completely seems either foolish or you are merely a bank troll trying to get others to sell their coins.... which you have done various times before

No sweetheart, I'm old and that means I'm done. Ever since I turned 60 I go to my annual checkup and bite my nails waiting for the doctor to come in and tell me the bad news. So far the worst thing he's said is that I have type 2 diabetes. Before he tells me I have the big C I'm gonna relax, drink beer and fish. You can have fun fucking with people on this forum and waiting 20 years to sell your coin but I'm not going to.

Have you ever thought about when you were going to sell? How much is enough? $5k each, $10k each, $100k each?  I have though about it a lot lately and I'm not getting any younger. I can't afford to wait 20 years because I'll be joining Hal Finney in cryo-freeze long before that. Sell a few and enjoy life before it's too late.

Alcor or CI? I know Hal went Alcor. Just curious.

I get what you are saying. For the first time, I sold a few coins this week (~1%). 



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May 25, 2017, 10:33:55 AM
 #3646

Strong words.
I can barely even get by everyday.
Dying just to make ends meet.
I am way too far from that.
Dont even know where to start and where i am heading with this bitcoin thing.
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May 26, 2017, 06:08:00 PM
 #3647

Strong words.
I can barely even get by everyday.
Dying just to make ends meet.
I am way too far from that.
Dont even know where to start and where i am heading with this bitcoin thing.

i hear ya. sure, i've been around bitcoin since, what, 2011? but i don't have any. heck, i owe a guy on this forum like 2.4 BTC. i've had a repeated series of unfortunate events happen in the last few years that have left me unemployed and broke as hell.

no idea what the future holds. but it'll be interesting to watch, at least.
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May 26, 2017, 06:26:37 PM
 #3648

Just yesterday I sold, now the price is better. I will invite my colleagues to follow what I am going to now.

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May 26, 2017, 06:28:20 PM
 #3649

The world just isn't going to be the same and we have been blessed as the pioneers.
So smart words in such early stage. Six years ago and he forseen it.
Hope he followed his words and become rich man, all early adopters deserve it.
Be smart, be loyal, be bitcoin.

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May 28, 2017, 03:57:46 AM
 #3650

Strong words.
I can barely even get by everyday.
Dying just to make ends meet.
I am way too far from that.
Dont even know where to start and where i am heading with this bitcoin thing.

i hear ya. sure, i've been around bitcoin since, what, 2011? but i don't have any. heck, i owe a guy on this forum like 2.4 BTC. i've had a repeated series of unfortunate events happen in the last few years that have left me unemployed and broke as hell.

no idea what the future holds. but it'll be interesting to watch, at least.

Yeah i agree with you, it'll be interesting to watch what happens after how many years.
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May 28, 2017, 07:31:45 PM
 #3651

I think it's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.

That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
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May 28, 2017, 07:59:04 PM
 #3652

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
After 6 six years of waiting ,this man is already a millionaire with apartments  and a luxury car. Am i right?
Your one example that if you believe ,your price could be so great.
i think six years are not such a long for becoming millionaire people worked day and night but cannot make such a big amount of money in six years. i am pretty confident that if a person will invest in bitcoin right now he will also become millionaire in next few yeas. as bitcoin is still giving chance to people to become rich.
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May 28, 2017, 08:09:07 PM
 #3653

People who understood the potential in crypto and invested in time must have had an "elite" vision that could make them successful. But the case is similar in other business-areas too. People who are able to recognize business opportunities early and able to act in time will always obtain advantage.

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May 29, 2017, 04:22:35 AM
 #3654

Currently speaking, those even holding few dozens of BTC can be considered wealthy considering the value of their money quadrupled since the beginning of 2017, Perhaps few years later we be reaching the highly admired goals of $20,000 or so and bitcoin holders become the new wealthy elite.
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May 29, 2017, 06:14:54 AM
 #3655

Currently speaking, those even holding few dozens of BTC can be considered wealthy considering the value of their money quadrupled since the beginning of 2017, Perhaps few years later we be reaching the highly admired goals of $20,000 or so and bitcoin holders become the new wealthy elite.
A lot of old investors now are wealthy or rich they already made a lot of profit from their holdings or investments and most of them choose to just hold their bitcoin for a long time because they believe that the price of bitcoin can go higher again and that is why bitcoin is getting more demand because of the belief of continuous increase to its price.

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May 29, 2017, 09:14:47 AM
 #3656

Currently speaking, those even holding few dozens of BTC can be considered wealthy considering the value of their money quadrupled since the beginning of 2017, Perhaps few years later we be reaching the highly admired goals of $20,000 or so and bitcoin holders become the new wealthy elite.
A lot of old investors now are wealthy or rich they already made a lot of profit from their holdings or investments and most of them choose to just hold their bitcoin for a long time because they believe that the price of bitcoin can go higher again and that is why bitcoin is getting more demand because of the belief of continuous increase to its price.

I am not hodling because of the belief of continuous increase in its price. I hodl because...well, what else would I buy with my bitcoins? Certainly not dollars which have the built in functionality of losing value over time on purpose. Which everyone accepts as ok.

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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May 29, 2017, 10:09:57 AM
 #3657

Currently speaking, those even holding few dozens of BTC can be considered wealthy considering the value of their money quadrupled since the beginning of 2017, Perhaps few years later we be reaching the highly admired goals of $20,000 or so and bitcoin holders become the new wealthy elite.
A lot of old investors now are wealthy or rich they already made a lot of profit from their holdings or investments and most of them choose to just hold their bitcoin for a long time because they believe that the price of bitcoin can go higher again and that is why bitcoin is getting more demand because of the belief of continuous increase to its price.

I am not hodling because of the belief of continuous increase in its price. I hodl because...well, what else would I buy with my bitcoins? Certainly not dollars which have the built in functionality of losing value over time on purpose. Which everyone accepts as ok.
but still people are there who are holding bitcoin for different purposes, those people are holding bitcoin for playing gambling online using bitcoin. they are also holding bitcoin for online shopping and for transaction of  money from one place to another. and may there may be so many other reasons for which they are using bitcoins.
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May 29, 2017, 03:32:10 PM
 #3658

but still people are there who are holding bitcoin for different purposes, those people are holding bitcoin for playing gambling online using bitcoin. they are also holding bitcoin for online shopping and for transaction of  money from one place to another. and may there may be so many other reasons for which they are using bitcoins.
[/quote]


That's right, even if one is a holder, it's a good idea to give oneself some gratification with small amounts once in a while to enjoy the ride, such as purchasing games on Steam.
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This quote from reddit seems very appropriate for this thread:


There can only ever be 21 million people on this planet that will be able to hold 1 whole BTC. If you consider the large exchangers, early miners and whales (just the top 500 addresses hold 4 million BTCs alone, that's not counting the big holders who split into many addresses) I imagine the general public will only be able to get a hold of maybe maybe 8 million BTCs AT MOST. Of those, many will hold more than one. So, I imagine only 3-5 million people on earth will ever hold at least 1 BTC - ever. Considering 7 billion people, you're going to be one of the lucky ones.

https://www.reddit.com/r/Bitcoin/comments/6e3reo/remember_only_35_million_people_will_ever_hold_at/

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May 31, 2017, 08:29:04 PM
 #3659

Is This The Greatest Bitcoin Arbitrage Ever?





Trading under the ticker GBTC, it is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. According to its prospectus, the Trust's objective is for the NAV per share to track bitcoin's market price...

However, as the chart below shows, while NAV is not far off the price of Bitcoin (multiply the Trust's NAV by 10), the actual traded price of the trust has exploded... to a premium of over 100% in recent days - a record...

GBTC now has a market cap of almost $750 million and offers (for those who can find a borrow) perhaps the greatest bitcoin arbitrage of all time with GBTC trading at a stunning $2000 premium to the underlying Bitcoin it is supposed to track...


Read more at http://www.zerohedge.com/news/2017-05-30/greatest-bitcoin-arbitrage-ever.


Cool
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June 05, 2017, 04:46:47 PM
 #3660

Tsss.. if bitcoin was something that you can just find inside old chests on the basement, i wouldve paid to check all basements that i know. Near or far. But really, its still unreasonable to say that we are the new rich. Well, i maen not all can invest, and not all have skills to offer for btc. Some can be hard working and industrious but only few will get lucky, .. so i kinda disagree with the thought of the one who posted this topic.. just a bit tho,
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