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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 628864 times)
Biomech
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January 18, 2018, 06:04:57 AM
 #4081

I am a newbie in Crypto but been in other fintech ventures and know a lot in that demographic. If I were to purchase $50,000 USD in Crypto (BTC/ETH/IOTA), what would be the best diversification portfolio for a mid-high risk investor like myself would need to do in order to reach this elite group sooner then later?

I bought into one coin that was $1 and its now $7, it seems like a great return on investment in the normal world but in this crypto system i've seen in the upwards of 30,000% increase.

Does anyone one to list few great methods that they would consider investing into if you had my capital to start with?
I recommend not dumping $50000 into cryptocurrency on the advice of random people on the internet, that is risky as hell lol, and highly bad investment technique for real

start small, bet with your head, do your due dilligence, and accept that sometimes you'll lose.

And of course, put your eggs in many baskets Cheesy

don't reach for the impossible.


There we disagree.

Always reach for the impossible, because you don't know what it is. 40 years ago, the "impossible" was desktop computers capable of recalculating a genome in a reasonable amount of time. My walmart special laptop will do that now.

Accept that you may not be the guy that pushes "impossible" to new levels, but ALWAYS reach for it Cheesy

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Priceslide
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January 19, 2018, 07:30:45 PM
 #4082

So am I the only one who sold his bitcoins for like $12 each because he was a broke med student?  Sigh.  To have been here this long and not be one of the wealthy elite is depressing. 

Brutal

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January 19, 2018, 07:33:40 PM
 #4083

what happened with the OP of this post?
SolarSilver
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January 19, 2018, 07:41:08 PM
 #4084

what happened with the OP of this post?

https://bitcointalk.org/index.php?topic=12156.msg27606011#msg27606011
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January 19, 2018, 07:42:36 PM
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What's weird is that instead of him account username it appears anonymous... did he commit suicide after all?
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January 19, 2018, 08:21:53 PM
 #4086


What's weird is that instead of him account username it appears anonymous... did he commit suicide after all?

Atlas was banned multiple times due to his extreme behaviour, he account was banned but then he kept popping up under new alter ego's. Fun times...

And no he did not commit suicide, read theymos's post
hacking13
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January 19, 2018, 08:43:35 PM
 #4087

Yes that could happen if people are patient and dedicated...... but most important for me if I can get to clear basic stuffs, fund my filmmaking projects and be able to live comfortably....
 I'm good.
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January 19, 2018, 08:55:07 PM
 #4088

Well some of the early enthusiasts are definitely a part of the wealthiest 1% of the world population but I wouldn't call myself such names even though I'm an active trader and that's what I do for living now. A lot of people would envy me for being able not to work in the office but I can't afford myself to just relax and do nothing - I have to actively trade to make profits so that basically excludes me from the "wealthy elite" I guess..
Biomech
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January 20, 2018, 04:41:10 AM
 #4089

Well some of the early enthusiasts are definitely a part of the wealthiest 1% of the world population but I wouldn't call myself such names even though I'm an active trader and that's what I do for living now. A lot of people would envy me for being able not to work in the office but I can't afford myself to just relax and do nothing - I have to actively trade to make profits so that basically excludes me from the "wealthy elite" I guess..

Not really. Next time you have a moment to spare, look at the truly wealthy and how they've lived. Sure, they got the toys, now, but they have just about all been very hard working, ambitious, and driven men. Bill Gates is 'retired' and doesn't have time to take vacations. Jeff Bezos has his hand in a zillion things. Larry Page continues to push the technology envelope... I could go on. The "idle rich" inherited it, don't know what to do with it, and will not pass it on. An heir should be worthy of their inheritance. Contrary to popular myth, most living rich throughout history earned it. Elite isn't a benchmark, it's a way of being.

Those of us actively making our own way are already elite. The wealth will come if our efforts persist.

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ICOchamps
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January 21, 2018, 07:03:11 PM
 #4090

Well some of the early enthusiasts are definitely a part of the wealthiest 1% of the world population but I wouldn't call myself such names even though I'm an active trader and that's what I do for living now. A lot of people would envy me for being able not to work in the office but I can't afford myself to just relax and do nothing - I have to actively trade to make profits so that basically excludes me from the "wealthy elite" I guess..

Not really. Next time you have a moment to spare, look at the truly wealthy and how they've lived. Sure, they got the toys, now, but they have just about all been very hard working, ambitious, and driven men. Bill Gates is 'retired' and doesn't have time to take vacations. Jeff Bezos has his hand in a zillion things. Larry Page continues to push the technology envelope... I could go on. The "idle rich" inherited it, don't know what to do with it, and will not pass it on. An heir should be worthy of their inheritance. Contrary to popular myth, most living rich throughout history earned it. Elite isn't a benchmark, it's a way of being.

Those of us actively making our own way are already elite. The wealth will come if our efforts persist.

really wise and truthful words. Especially "Those of us actively making our own way are already elite."

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January 22, 2018, 03:53:10 PM
 #4091

Based on my imagination we will see a huge boom then a bust, after that those who stick around will surely build the meaningful economy that will allow bitcoin or its successor to dominate the cryptomarket.
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January 22, 2018, 08:24:19 PM
 #4092

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Now that's what I call a visionary  Grin hope you've kept most of your btc.

That post was made during the first big bitcoin price bubble (peak at USD 31,91), which popped three days later, then crashed down to 2 USD over the following months...

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carter34
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January 22, 2018, 08:31:40 PM
 #4093

Based on my imagination we will see a huge boom then a bust, after that those who stick around will surely build the meaningful economy that will allow bitcoin or its successor to dominate the cryptomarket.


The possibilities are there and glaring. This year is going to be the continuation of the bull movement of altcoins started third quarter of last year by ethereum and litecoin. If investors hold their altcoin and don't do panic sells, the future is great.

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January 22, 2018, 08:32:38 PM
 #4094

Well, this is a very bold thing to say. Not a party pooper here but it will not be that easy. The elite has an ocean of investments and hundreds of assets. If you only want to base your wealth in ctc, then you gotta expand your portfolio and perhaps create your own coin that will be equal with bitcoin.

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January 25, 2018, 02:35:49 AM
 #4095

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Now that's what I call a visionary  Grin hope you've kept most of your btc.

That post was made during the first big bitcoin price bubble (peak at USD 31,91), which popped three days later, then crashed down to 2 USD over the following months...

The interesting question is how many of those early enthusiasts had then managed to hold their BTC when the price has collapsed back to 2$? I guess those who didn't must have had a few regrets afterwards...

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Biomech
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January 25, 2018, 03:16:43 AM
 #4096

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Now that's what I call a visionary  Grin hope you've kept most of your btc.

That post was made during the first big bitcoin price bubble (peak at USD 31,91), which popped three days later, then crashed down to 2 USD over the following months...
I can attest to the veracity of your post. Had I been able to hold my BTC over the years, I'd be a wealthy man. I'm not.
The interesting question is how many of those early enthusiasts had then managed to hold their BTC when the price has collapsed back to 2$? I guess those who didn't must have had a few regrets afterwards...


Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
Biomech
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January 28, 2018, 12:03:37 AM
 #4097

I'm very, very lucky to be able to buy some bitcoin today. I think you're right. If less than 50 million will be made, the value per bitcoin will be ridiculous in the coming months'

A lot less. Exactly 21 million, ever.

Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
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January 29, 2018, 12:58:57 AM
 #4098

I'm very, very lucky to be able to buy some bitcoin today. I think you're right. If less than 50 million will be made, the value per bitcoin will be ridiculous in the coming months'
It's not that simple. I don't believe anyone will get rich by buying bitcoin today, unless you have a big amount of money available to be spent. You''ll get more lucky with altcoins, some of them saw their price multiplied by 50 in a few months last year.
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How much alt coin diversification is needed? 0%?


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January 29, 2018, 01:23:19 AM
 #4099

I'm very, very lucky to be able to buy some bitcoin today. I think you're right. If less than 50 million will be made, the value per bitcoin will be ridiculous in the coming months'
It's not that simple. I don't believe anyone will get rich by buying bitcoin today, unless you have a big amount of money available to be spent. You''ll get more lucky with altcoins, some of them saw their price multiplied by 50 in a few months last year.

Past performance of alts does not necessarily make them a better value than bitcoin.  You have to consider both upside and downside potential, and don't get caught up on superficial unit explanations or possible vaporware. 

In other words, if you are doing alts, either you better have good luck with your gamble or you better have some ability to figure out which once might be good short term investment risk possibilities.  Sure, in the past year, you could have made decent money with alts by throwing a dart at a bulletin board and picking your alt in that manner, but merely because that was the case last year does not mean that it is going to continue in such direction.. so you will likely need to be watchful, at minimum, with your alt coin choices.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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January 29, 2018, 01:37:08 AM
 #4100

Look at the time of the original post! This statement is proven to be true! Hope you hold your coins till now.
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