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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 621901 times)
pawel7777
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June 09, 2017, 10:31:56 AM
 #3681

Well, i dont think it should be seen that way. Coz not all people using bitcoins are really into it just for the purpose of profit. Many use it just to make their lives easier. Or they just love the technology. ...

2012 called, it wants its memes back.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.
In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.
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June 09, 2017, 11:07:28 AM
 #3682

The person that will get rich with this kind of currency is those who got a lot of bitcoins in their wallet and if you have a lot of bitcoins in your wallet then you can be one of the newest wealthy elite in the whole bitcoin community and it cost either hard work or a lot of money and you are the one who will choose which is your type of payment.

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June 09, 2017, 01:58:20 PM
 #3683

Well, i dont think it should be seen that way. Coz not all people using bitcoins are really into it just for the purpose of profit. Many use it just to make their lives easier. Or they just love the technology. ...

2012 called, it wants its memes back.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.
In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.

btc's real utility atm is a store of value, settlement layer and trading pair.

ETH could take this though. Perhaps theres room for both

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June 09, 2017, 02:17:41 PM
 #3684



btc's real utility atm is a store of value, settlement layer and trading pair.
 

"at the moment"... but that is a dangerous place to be in... if there's not something else creating demand (payment system functionality),
then store of value can start looking like tulips anytime.  Bitcoin isn't the only large public ledger.

We need to get back to a useable payment system.

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June 10, 2017, 11:00:14 AM
 #3685



btc's real utility atm is a store of value, settlement layer and trading pair.
 

"at the moment"... but that is a dangerous place to be in... if there's not something else creating demand (payment system functionality),
then store of value can start looking like tulips anytime.  Bitcoin isn't the only large public ledger.

We need to get back to a useable payment system.

Most people don't own lots of gold or diamonds or property either, btc will still be used for all the same advantages for the people who can afford it but unfortunately that will rule out the third world nations and probably coffee payments...

To move x million dollars from around the world will always be worth the fee to some people.....

 litecoin would be more suited to the micro txs like buying coffee.... BlockChains will be linked eventually anyway so I think it will be possible to do atomic swaps without the need of an exchange...
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June 10, 2017, 02:21:06 PM
 #3686


Learn to listen, listen to learn.
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June 11, 2017, 03:34:08 PM
 #3687

To think that not so long ago I was paid 50 BTC for two hours of work.

This stuff was posted 2011.. 50Bitcoin? Incredibly stuff. I see Ethereum going thesame way and even surpassing Bitcoin. Man, what a strange forum
I have heard that in that year you could buy a pizza per 10k Bitcoins. People who putted big hopes on bitcoin and store it today must be the true wealthy elite  Cheesy

Yes we are indeed the true wealthy elite thanks to Bitcoin and its consistent growth in value. There's no stopping now as we look forward to more increases in its value and so there's no way we are not the new wealthy elite.

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June 12, 2017, 06:22:22 AM
 #3688

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
Putting all money into bitcoin nowadays is not advisable at all, it will be risky even how higher you believed in bitcoin.
as long as its becoming the world currency its too dangerous to place all your funds into bitcoin.

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June 12, 2017, 06:34:52 AM
 #3689

Well, i dont think it should be seen that way. Coz not all people using bitcoins are really into it just for the purpose of profit. Many use it just to make their lives easier. Or they just love the technology. ...

2012 called, it wants its memes back.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.
In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.

btc's real utility atm is a store of value, settlement layer and trading pair.

ETH could take this though. Perhaps theres room for both

only a cryptocurrency can "take" that not a token. and ethereum is NOT a currency.

"ether is not designed to function as a global digital currency. Instead, it is meant to pay for specific actions on the Ethereum network, with users receiving it for using their computing power to validate transactions and for contributing to its development."

also what do you think bitcoin can not function as a currency? the higher fees? do you even know the scaling problems of ethereum?
and i seriously doubt that you are even aware that average transaction fees of ether are now at $1.3 and ether has half the number of transactions per day that bitcoin has!

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June 14, 2017, 03:50:53 AM
 #3690

only a cryptocurrency can "take" that not a token. and ethereum is NOT a currency.

"ether is not designed to function as a global digital currency. Instead, it is meant to pay for specific actions on the Ethereum network, with users receiving it for using their computing power to validate transactions and for contributing to its development."

It surprises me how many people here and in the news don't understand this very specific (and obvious) purpose of Ether.

But...if these sentiments below are the growing reality for Bitcoin.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.

In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.

btc's real utility atm is a store of value, settlement layer and trading pair.

Could Litecoin fill in as the next obvious choice to be the cryptocurrency that's actually used as a currency?

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June 20, 2017, 04:33:56 PM
 #3691

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.
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June 21, 2017, 02:20:48 AM
 #3692

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.

Don't invest in bitcoin.


Convert from your old currency to bitcoins.

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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June 21, 2017, 05:42:53 AM
 #3693

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price
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June 21, 2017, 11:34:43 AM
 #3694


Sorry but the second sentence didn't make sense to me.
And why do you think I don't invest in bitcoin? Any good reasons?

I am pretty sure there were people back in 2011 said not to invest in it but the one who did it are now wealthy.

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.

Don't invest in bitcoin.


Convert from your old currency to bitcoins.



250K per coin. I wouldn't mind that Smiley
This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price
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June 21, 2017, 11:51:10 AM
 #3695

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
Post back to 2011, if this guy has holded BTC for so long time, than i guess he had already bought everything, that he wanted  Grin

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June 21, 2017, 04:27:07 PM
 #3696

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house  Wink
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June 21, 2017, 04:30:58 PM
 #3697

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house  Wink

Well, I'm was hoping that bitcoin become more valuable on that year but still I've little fear that bitcoin able to reach that point.
But at the end , investing is just like gambling yet bitcoin is unique investment that able to prove it's existency over 7-8 years and their popularity is getting bigger since the value keep increase exponentially

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June 21, 2017, 04:36:17 PM
 #3698

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house  Wink

Well, I'm was hoping that bitcoin become more valuable on that year but still I've little fear that bitcoin able to reach that point.
But at the end , investing is just like gambling yet bitcoin is unique investment that able to prove it's existency over 7-8 years and their popularity is getting bigger since the value keep increase exponentially

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   Cool
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June 21, 2017, 05:06:30 PM
 #3699

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   Cool
I am hearing this for a long time now,bitcoin moving out of the weak hands to the strong hands,now what,you will keep the coins till you die. Tongue either way you are planning to sell the coins when you think that it is profitable for you,people sell their coins because they are not looking at the wider aspects of market rather looking at the current market and booking their profit,what is wrong in that.If i think that there will be a rally in bitcoin in coming weeks i will get hold some coins and get off ,you can also profit in that way.
Vishnu.Reang
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June 21, 2017, 05:20:23 PM
 #3700

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

Wow! Really? The price of a single Berkshire Hathaway Class A share is $254,640. They have kept the prices artificially high (by preventing share split), in order to keep the equities away from the small-scale and medium-scale investors. Unlike Bitcoin, the Berkshire shares can't be purchased in fractions. The minimum purchase quantity is 1.000 shares.

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