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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 631774 times)
bitpop
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April 11, 2014, 06:45:59 AM
 #961

Traders need action, sometimes they lose. Hodl.

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April 11, 2014, 06:56:33 AM
 #962

up and up .....Bitcoin is on its way up!BTC


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April 11, 2014, 06:59:19 AM
 #963

up and up .....Bitcoin is on its way up!BTC

No. It has gone down again. Right now it is trading at $400-405. I expect the exchange rates to stabilize around $400 in the next few days.
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April 11, 2014, 07:03:23 AM
 #964

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?

This is pre my era where anonymous posters were allowed to post if they paid a fee who brought this ghost up from the grave lol

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April 11, 2014, 07:13:25 AM
 #965

gone down again. Right now it is trading at $400-405. I expect the exchange rates to stabilize around $400 in the next few days.

If I want to know the price I'll look at a chart, or a ticker. What's with the pointless price updates in a forum?  Roll Eyes
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April 11, 2014, 07:33:17 AM
 #966

Fire on all tradlers

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April 11, 2014, 07:48:50 AM
 #967

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?

This is pre my era where anonymous posters were allowed to post if they paid a fee who brought this ghost up from the grave lol

It does appear to be "Anonymous".
This thread was started by a registered member.
When he was perma-banned all his posts changed to Anonymous.

We are all Atlas.  Cheesy

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April 11, 2014, 07:53:51 AM
 #968

Honestly 10k is a low target now, my target is 50k

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April 11, 2014, 07:59:09 AM
 #969

It does appear to be "Anonymous".
This thread was started by a registered member.
When he was perma-banned all his posts changed to Anonymous.

We are all Atlas.  Cheesy
Now that sucks..! but it's good that the posts don't get deleted if a member is Permanently banned from the forum otherwise there will be a huge chaos ..!

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April 11, 2014, 09:35:01 AM
 #970

Honestly 10k is a low target now, my target is 50k

My target now is $500. And long term target is $1,000 (by the end of this year).
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April 11, 2014, 12:52:07 PM
 #971

Honestly 10k is a low target now, my target is 50k

My target now is $500. And long term target is $1,000 (by the end of this year).

8 months is extremely short term.
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April 11, 2014, 12:57:20 PM
 #972

Honestly 10k is a low target now, my target is 50k

i hope for $1000 by this year's end and $2k by end of 2015
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April 11, 2014, 03:14:24 PM
 #973

Glad I found this thread... helps to see the blue sky beyond the grey of clouds
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April 11, 2014, 03:31:07 PM
 #974


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


I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me.

Maybe you are blessed with a foresight
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April 11, 2014, 11:08:03 PM
 #975

I'm trying to buy a lot of bitcoins at current price, thus eliminate the liquidity on the market, but the problem right now is bitstamp is preventing my funds from reaching their exchange, I start to question the operation of bitstamp, either they are limited by the banks, or they are betting against their customer

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April 12, 2014, 12:04:48 AM
 #976

I'm trying to buy a lot of bitcoins at current price, thus eliminate the liquidity on the market, but the problem right now is bitstamp is preventing my funds from reaching their exchange, I start to question the operation of bitstamp, either they are limited by the banks, or they are betting against their customer

There must be an answer.
Have you been able to get a reply from customer support?

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April 12, 2014, 01:41:37 AM
 #977

I'm trying to buy a lot of bitcoins at current price, thus eliminate the liquidity on the market, but the problem right now is bitstamp is preventing my funds from reaching their exchange, I start to question the operation of bitstamp, either they are limited by the banks, or they are betting against their customer

Sick of banks !!!

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April 12, 2014, 02:41:13 AM
 #978

I'm trying to buy a lot of bitcoins at current price, thus eliminate the liquidity on the market, but the problem right now is bitstamp is preventing my funds from reaching their exchange, I start to question the operation of bitstamp, either they are limited by the banks, or they are betting against their customer

Sick of banks !!!

If we are the new wealthy elite, why don't "we" open up some BTC friendly banks?

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April 12, 2014, 02:44:57 AM
 #979

I'm trying to buy a lot of bitcoins at current price, thus eliminate the liquidity on the market, but the problem right now is bitstamp is preventing my funds from reaching their exchange, I start to question the operation of bitstamp, either they are limited by the banks, or they are betting against their customer

Sick of banks !!!

If we are the new wealthy elite, why don't "we" open up some BTC friendly banks?

Because you can be your own bank Smiley
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April 12, 2014, 09:43:52 AM
 #980

I read through this whole thread in the last week, and I had been thinking about making a post here.  Accordingly, I am glad that the thread was revived in recent days.

OP's original aspiration of $10K per BTC seems very reachable in the coming year or two, but maybe in the last few days some of our hopes concerning how rapidly the BTC prices are going to get to anywhere near that point have been dashed, somewhat.

Nonetheless, there seems to be so much news on the sidelines concerning a large number of wallstreet type investors who are looking to get into bitcoin.  Surely some of these investment guys are buying on the side, and even Second Market claims to have accumulated over 100,000 bitcoins.  Nothing like the supposedly 650,000-ish that disappeared from Gox, but a good start. 

Part of the current discussion, also is that so many holders do NOT put their BTC into circulation, and accordingly, the BTC market may NOT be liquid enough to accommodate a large amount of capital into the space.  Let's say if currently only between 1 and 2 million BTC are in circulation, then if any real good size investor coming into the space would cause prices to double or triple, almost immediately.... which even though as I type BTC prices have been floating between $410 and $430, we all probably realize a fair current value would be between $750 and $850, and with any decent size investor(s) jumping into the space, we easily get to $1600 or $2400 per BTC.  That woudl provide only a $20 to $30 Billion market cap, and easily 3-4 times of that would then be the next stage of around $10K per BTC.  That $10K per BTC seems very reachable in the next 2 years.

Surely we have quite a bit of speculation where the price will go, and when it will get there b/c I would like to join the elite, as well. 

I am NOT that great at trading, and I started buying in November 2013 (not a great time to buy), but I have acquired about 55BTC. at an average price of about $620.  I would like to be in the black, but still in the red, and at the moment, I am running out of extra fiat to pump in... so I may NOT be able to accumulate too many more BTC in the near future.

In order to maintain being an elite - one has to be able to hold that stash to the side and NOT to spend into it.  Surely early adopters have stashes nearing 1000 BTC and better, and maybe these dips will allow investors to approach that arena.  I am hoping that BTC prices will rise rapidly enough that I can begin to live off of my 55BTC... but that would probably require an ability to hold off and for BTC prices to reach at least $20K per BTC in the next 3-4 years... which may be possible. I also may be able to increase my BTC holdings a bit, so accumulating between 50 and 100BTC may allow me to become a baby elite until the price may go up even further than the $20k range.

That is if someone like Gox does NOT steal my coins...

But yes, right now floating around in the $420 territory - seems like a long way off into the future to get into the elite status prices.







1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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