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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 630123 times)
arklan
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April 02, 2018, 10:30:15 PM
 #4381

Who is Atlas posting as these days?Is he now officially wealthy or what?

far as i am aware, he left a long time ago and hasn't posted here in many years.

i don't post much, but this space for rent.
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what is this "brake pedal" you speak of?


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April 02, 2018, 10:35:56 PM
 #4382

A lot of people sell early, then get out of the game permanently.
When Bitcoin hit $1000 again, I am sure that there will be a ton of people who sell with their double profit then get out.

Only those who keep buying and hold have really become wealthy from Bitcoin.

ive been in since 2011.

a lot of us sold early. while we made good money, several hundred percent, sure sucks knowing if we held everything and sold at some perfect all time high we would all own private islands.

BUT, the whole point was to USE btc. to see if it worked. to be part of a possibly history making event.

if everyone had held, it would be worthless.

so USE it, dont just hodl. save some of course. but use it.
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April 02, 2018, 10:55:30 PM
 #4383

Congrats to the Bitcoin Multi-millionaires.

Yes,  congratulations anyway,  they are very lucky,  looking forward to be a part of that community in the future.  I am hoping and dreaming to be rich as well.

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April 02, 2018, 11:01:41 PM
 #4384

It's all paper gains until you cash out. Some of the $20k BTC millionaires are now lowly $275k'aires. Barely a step above common pond scum  Grin Grin
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April 02, 2018, 11:03:17 PM
 #4385

exponential growth is almost always unsustainable and, in practice, is almost never sustained. relatedly, past performance of any commodity does not predict future performance. there are also potential problems, like scalability and the evolution of the fee structure.
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April 02, 2018, 11:28:16 PM
 #4386

I will also allocate my funds for bitcoin because I see bitcoin will rise again just waiting for the right time for bitcoin to rise again, it can be seen from the level of public confidence in bitcoin higher and bitcoin also increasingly famous in the world. hopefully the upcoming bitcoin rises can make us all able to envision our desires. thank you.
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A Great Time to Start Something!


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April 02, 2018, 11:32:53 PM
 #4387

Some of us missed out, made mistakes, sold too early, etc. Is there support for a new, upper-middle class?





I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin
JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 02, 2018, 11:56:28 PM
 #4388

Some of us missed out, made mistakes, sold too early, etc. Is there support for a new, upper-middle class?





I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin


You were definitely one of the earlier contributors to this thread, but I suppose that it is understandable how any of us, at any time, can be tricked out of our coins.  Reminds me of the tweet from the guy who raked in 5x returns and sold his 1700 BTC at $.30 and regretting that he had not held until $8 (twitter status, liinked below).   

https://twitter.com/GregSchoen/status/70261648811761665

There are some folks who are going to sell too much, too soon, no matter what because their conviction is not strong enough.
 
I personally suggest that if anyone sells any of their bitcoins, then either replace those coins right away if selling on the way down, or only sell incrementally if selling on the way up... such as selling only small portions at a time (less than 50% and perhaps having a rule to never sell any more than 10% at any given time and only after a certain decent amount of price appreciation, such as 100% price appreciation). 

Surely, there is going to be personal variation and maybe even nervousness that causes the selling of too many coins, but we should not want to gamble on the downside with our bitcoins, to lose faith in bitcoin or to get tricked out of our bitcoin holdings (whether we are being greedy to cash in our profits or scared about losing paper profits)... so in this regard, over investing or leveraging can be a problem, too.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
chennan
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April 03, 2018, 01:36:16 AM
 #4389

Some of us missed out, made mistakes, sold too early, etc. Is there support for a new, upper-middle class?

-Image-


I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin


You were definitely one of the earlier contributors to this thread, but I suppose that it is understandable how any of us, at any time, can be tricked out of our coins.  Reminds me of the tweet from the guy who raked in 5x returns and sold his 1700 BTC at $.30 and regretting that he had not held until $8 (twitter status, liinked below).    

https://twitter.com/GregSchoen/status/70261648811761665

There are some folks who are going to sell too much, too soon, no matter what because their conviction is not strong enough.
 
I personally suggest that if anyone sells any of their bitcoins, then either replace those coins right away if selling on the way down, or only sell incrementally if selling on the way up... such as selling only small portions at a time (less than 50% and perhaps having a rule to never sell any more than 10% at any given time and only after a certain decent amount of price appreciation, such as 100% price appreciation).  

Surely, there is going to be personal variation and maybe even nervousness that causes the selling of too many coins, but we should not want to gamble on the downside with our bitcoins, to lose faith in bitcoin or to get tricked out of our bitcoin holdings (whether we are being greedy to cash in our profits or scared about losing paper profits)... so in this regard, over investing or leveraging can be a problem, too.

Does anyone know who, or what pseudoname the person who got famous for buying a pizza for 10,000 BTC?  I wonder if that is gut wrenching for him looking back on that and wondering "what if" all the time?  I would love to look back at any threads based around that moment in Internet history.

Of course hind sight is always going to be 20/20 and you can't allow yourself to beat yourself up all the time about it, but I never had to go through things like that or the one instance you described.

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How much alt coin diversification is needed? 0%?


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April 03, 2018, 01:46:39 AM
 #4390

Some of us missed out, made mistakes, sold too early, etc. Is there support for a new, upper-middle class?

-Image-


I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin


You were definitely one of the earlier contributors to this thread, but I suppose that it is understandable how any of us, at any time, can be tricked out of our coins.  Reminds me of the tweet from the guy who raked in 5x returns and sold his 1700 BTC at $.30 and regretting that he had not held until $8 (twitter status, liinked below).    

https://twitter.com/GregSchoen/status/70261648811761665

There are some folks who are going to sell too much, too soon, no matter what because their conviction is not strong enough.
 
I personally suggest that if anyone sells any of their bitcoins, then either replace those coins right away if selling on the way down, or only sell incrementally if selling on the way up... such as selling only small portions at a time (less than 50% and perhaps having a rule to never sell any more than 10% at any given time and only after a certain decent amount of price appreciation, such as 100% price appreciation).  

Surely, there is going to be personal variation and maybe even nervousness that causes the selling of too many coins, but we should not want to gamble on the downside with our bitcoins, to lose faith in bitcoin or to get tricked out of our bitcoin holdings (whether we are being greedy to cash in our profits or scared about losing paper profits)... so in this regard, over investing or leveraging can be a problem, too.

Does anyone know who, or what pseudoname the person who got famous for buying a pizza for 10,000 BTC?  I wonder if that is gut wrenching for him looking back on that and wondering "what if" all the time?  I would love to look back at any threads based around that moment in Internet history.

Of course hind sight is always going to be 20/20 and you can't allow yourself to beat yourself up all the time about it, but I never had to go through things like that or the one instance you described.

Below is laszlo's pizza thread, and I thought I had seen something else by him on lightning.  It may have been on reddit since it appears that the most recent forum posts of his are from early 2014.

https://bitcointalk.org/index.php?topic=137.msg1141#msg1141


Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
chennan
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April 03, 2018, 02:09:03 AM
 #4391

Some of us missed out, made mistakes, sold too early, etc. Is there support for a new, upper-middle class?

-Image-


I'm glad you're rich and elite. and I'm glad that like you, too, began to engage in bitcoin


You were definitely one of the earlier contributors to this thread, but I suppose that it is understandable how any of us, at any time, can be tricked out of our coins.  Reminds me of the tweet from the guy who raked in 5x returns and sold his 1700 BTC at $.30 and regretting that he had not held until $8 (twitter status, liinked below).   

https://twitter.com/GregSchoen/status/70261648811761665

There are some folks who are going to sell too much, too soon, no matter what because their conviction is not strong enough.
 
I personally suggest that if anyone sells any of their bitcoins, then either replace those coins right away if selling on the way down, or only sell incrementally if selling on the way up... such as selling only small portions at a time (less than 50% and perhaps having a rule to never sell any more than 10% at any given time and only after a certain decent amount of price appreciation, such as 100% price appreciation). 

Surely, there is going to be personal variation and maybe even nervousness that causes the selling of too many coins, but we should not want to gamble on the downside with our bitcoins, to lose faith in bitcoin or to get tricked out of our bitcoin holdings (whether we are being greedy to cash in our profits or scared about losing paper profits)... so in this regard, over investing or leveraging can be a problem, too.

Does anyone know who, or what pseudoname the person who got famous for buying a pizza for 10,000 BTC?  I wonder if that is gut wrenching for him looking back on that and wondering "what if" all the time?  I would love to look back at any threads based around that moment in Internet history.

Of course hind sight is always going to be 20/20 and you can't allow yourself to beat yourself up all the time about it, but I never had to go through things like that or the one instance you described.

Below is laszlo's pizza thread, and I thought I had seen something else by him on lightning.  It may have been on reddit since it appears that the most recent forum posts of his are from early 2014.

https://bitcointalk.org/index.php?topic=137.msg1141#msg1141



Wow, nice find in a relatively quick amount of time... pretty cool to be able to read through all of that and snicker to yourself while being 8 years in the future.  Still, my heart goes out for that guy.  I really hope people like him don't do anything drastic or become too depressed over something like that.

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April 03, 2018, 02:15:41 AM
 #4392

bitcoin is one of the world's juiciest prizes for hackers. there must be thousands or tens of thousands who've tried to break it, let alone governments and banks, and they all went away with their heads bowed.

this forum would not still exist if bitcoin had been cracked. if it is we'll sure as hell know about it.
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April 03, 2018, 02:32:21 AM
 #4393

Does anyone know who, or what pseudoname the person who got famous for buying a pizza for 10,000 BTC?  I wonder if that is gut wrenching for him looking back on that and wondering "what if" all the time?  I would love to look back at any threads based around that moment in Internet history.

Of course hind sight is always going to be 20/20 and you can't allow yourself to beat yourself up all the time about it, but I never had to go through things like that or the one instance you described.

Below is laszlo's pizza thread, and I thought I had seen something else by him on lightning. 

Wow, nice find in a relatively quick amount of time... pretty cool to be able to read through all of that and snicker to yourself while being 8 years in the future.  Still, my heart goes out for that guy.  I really hope people like him don't do anything drastic or become too depressed over something like that.

He has made statements that make him seem pretty sanguine about the whole deal. Back then it wasn't much money. He could have recouped for thirty bux or so, but I guess he didn't. Though he did give the entire concept of Bitcion as money a much needed kick.

I'm pretty sure he recently did (one of) the first uses of Lightning in actual commerce. By buying pizza. Whodathunkit?

Extra points for style.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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April 03, 2018, 03:13:29 AM
 #4394

well i did not only have the believe that bitcoin is going to stop in 10,000$ but i also have the believe that it is going to hit 40,000$ -60,000$ and up till then i will not sell off my bitcoin that i have reserved for years.. if that happens then i will execute my plan which is to build an academy where only blockchain and crypto will be taught in my country.
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April 03, 2018, 03:17:12 AM
 #4395

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?

People who are investing a huge amount of cryptocurrency today will really earn a huge amount of profit in the future because there are a lot of consumers who are also interested on bitcoins and they are running a mining hardware that is making the volume bitcoins in the market to increase even more.

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April 03, 2018, 03:24:43 AM
 #4396

I also believe in the Bitcoin and it will make us wealthy in future. I am regularly investing in Bitcoin with the hope that it will go to moon up to end of 2018. i hope Bitcoin will be $30000 at the end of 2018.
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April 03, 2018, 03:46:30 AM
 #4397

I also believe in the Bitcoin and it will make us wealthy in future. I am regularly investing in Bitcoin with the hope that it will go to moon up to end of 2018. i hope Bitcoin will be $30000 at the end of 2018.
The price of bitcoin will reach to that price but this year, 2018? I don't think that we will reach to that since the price is very low and we are in a strong bear market and this year can be just a bear market for bitcoin and the best thing to do right now is to just keep working hard and accumulate more bitcoin while it is cheap because in the future, it will go up again.

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April 03, 2018, 03:49:54 AM
 #4398

I think everybody that lives in a created nation with access to the web is a piece of a "world class" pack as of now as it were. We can get philosophical about this. However, I think the principle point is that anybody that can bear to purchase a couple of lattes at their nearby Starbucks can sign into free web there and purchase Bitcoin. It is genuinely available to anybody, paying little heed to how entitled the individual is. The subject obviously is what amount would they be able to purchase? They ought to have the capacity to purchase at any rate $5 worth in the event that they simply renounce one Frappuccino. Be that as it may, I do concur the open to "everybody" was overstated when thinking in worldwide terms.
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April 03, 2018, 06:09:19 AM
 #4399

Agreed with you that we are one of the new wealthy community. Previously many people sold their btc when it hits $1000 mark in order to book the profit, in coming days if the btc prices are increased then people will again sell their btc but the people who are holding the bictoins will definitely became the wealthiest in the long run.
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April 03, 2018, 07:25:22 AM
 #4400

A lot of people will become rich from investing in bitcoin and in other cryptocurrencies, it may take a while but it will happen regardless and with time.
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