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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 630127 times)
ClydeSS_VFS
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April 02, 2018, 04:14:24 PM
 #4361

It's almost two years later and I stand by everything I said, with two exceptions:1) There can be more than one cryptocurrecy if they use different proof-of-work. This is one of the points unk was trying to make. He was right, I was wrong. This is why I did not foresee the rise of litecoin. However, for psychological reasons I believe bitcoin will always be the gold to litecoin's silver.
2) Speculating on bitcoin because you believe the price will rise does produce wealth, and does not merely represent a wealth transfer, for the reasons Terpie was arguing - it signals that others ought to take a look. They benefit from this because bitcoin actually is the future of money.
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April 02, 2018, 04:34:35 PM
 #4362

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?
Congratulations, your wish has been realized. Bitcoin has topped $20,000 in the past few months. I think this price is incredible to people a few years ago. Many people have sold bitcoin as a millionaire. Their financial situation has improved. I believe that the price of bitcoin will continue to rise, and it is still a good time to buy bitcoins.
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April 02, 2018, 05:00:36 PM
 #4363

Bitcoin speculation is entirely productive, anyone saying otherwise does not understand price signaling information. When you speculate on a commodity like Bitcoin, you are in effect increasing demand for that commodity, which raises the price, which signals to ALL market participants that there IS economic demand for this commodity. You are in effect telling the world that 'yes, you believe in this technology' and are effectively paying the miners that maintain the network for their work. This also encourages enterprise developers, increases mining activity, etc. This is critical for any tech in its infancy.
Kodok Bencot
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April 02, 2018, 05:18:34 PM
 #4364

The price increase that happened some time ago has made many people successful and become rich, please calculate the profit if you have 10,000 btc at the price of $ 10k, whereas 9 years ago they bought 1 btc no more than 1 dollar.

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April 02, 2018, 05:25:26 PM
 #4365

Another factor to consider is that, by accident or design...and possibly some combination...it has proven cumbersome, time consuming, and expensive to obtain BTC in exchange for USD. The exchanges that have managed to stick around have had their share of mainstream banking hassles, security problems, and who knows what kinds of other internal pressures. I think it quite possible that were there another significant price rise of BTC, there may be a corresponding increase in difficulty and danger in obtaining control of them. That paranoia, although so far unfounded, existed in my mind a year ago and induced me to expedite my acquisition of BTC. At this point I've no complaints
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April 02, 2018, 05:36:25 PM
 #4366

It's funny to see that this message was written 7 years ago. Much has changed since then, but bitcoin has lived up to our expectations, and the people who invested so long ago are indeed already rich.
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April 02, 2018, 05:43:15 PM
 #4367

Last year's price hike made all bitcoin holders optimistic that someday bitcoin will be used globally, with global use the bitcoin price becomes so expensive that it becomes a new wealthy elite.

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drukoz2
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April 02, 2018, 05:51:35 PM
 #4368

Yes, since 2011, bitcoin has grown a lot and allowed many people to become truly rich. But this is not the limit of bitcoin growth, so you can get even more profit.
lrdeoliveira
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April 02, 2018, 05:54:05 PM
 #4369

You belong to the wealthy elite as long as the bitcoin price stays at these levels but have you considered the fact that the system has techinical problems and therefore cannot be used for currency.
Recently we have seen this type of things happening around bitcoin.
Remember, you belong the wealthy elite as long as you have the cash - perhaps it is time to start taking the profits and make sure you have something left if the coin crashes while the new rockets will replace the old giant.
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April 02, 2018, 05:56:30 PM
 #4370

I'm one of those people and I'm not buying Bitcoin. The reason in my case is that I bought all I wanted as the price went from $16 -> $2 and am perfectly happy with the amount that I control.
ludmilawolff
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April 02, 2018, 05:57:59 PM
 #4371

Well, I am agree with you, and I agree that it is settled, but that doesn't make it any less debated in my experience.

I like this discussion, I haven't been debating libertarian ism for quite a while, and I have a feeling that there are quite a few libertarians gravitating towards cryptocurrencies.
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April 02, 2018, 06:00:12 PM
 #4372

You are very lucky if you found out about bitcoin so early - in 2011. I hope that now everything is fine with your investments and you are really rich.

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April 02, 2018, 06:28:20 PM
 #4373

For me, yes we will be the new wealthy elite, gentlemen with the help of bitcoin. Bitcoin  amount will increasing, and you can earn plenty of money through it. Just need to study and work smartly to make sure that you will gain. If you are setting up your plans or goals pretty well, I’m sure that in the future we will be the next millionaire or even a billionaire with the help of bitcoin.
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April 02, 2018, 06:51:35 PM
 #4374

I'm not sure we're the new rich elite since bitcoin has been falling in price lately
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April 02, 2018, 07:24:54 PM
 #4375

I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin
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April 02, 2018, 07:26:53 PM
 #4376

Yes, me too.Now I am looking for some more investment in Bitcoins and altcoins.

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April 02, 2018, 07:39:06 PM
 #4377

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?
It turns out that your wish has come true. Bitcoin has reached $20,000 in the past four months. Bitcoin has been developing very well over the last few years, and its price has gone up thousands of times, and if you still have bitcoin, you have become a millionaire.
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April 02, 2018, 07:45:51 PM
 #4378

It is nice to be able to think that in the next 10 years, newcomers to this thread will also consider us as an elite.
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April 02, 2018, 08:01:22 PM
 #4379

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?
I'm curling up reading the first messages in this thread .. and how people were perspicacious and believed in bitcoin before he imitated, but these people are now the elite now after us!
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April 02, 2018, 10:20:49 PM
 #4380

While this all sounds nice and stuff, we still have some ways to go, young grasshopper.
That's not to encourage everyone to keep buying but to call it "elite and wealth" is sort of jumping the gun.

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