I am pretty confident we are the new wealthy elite, gentlemen.

[Mt. Gox]

There are plenty of really interesting projects happening now in crypto/decentralziation. The thing is, it takes both skill and a lot of luck to spot the good ones. Even if you invest in something that's objectively great, it doesn't necessarly mean it will catch up with the popular and deliver massive gains.

Most people do not have the skill or LUCKY to find the promising coins. We can only invest the long standing coins, but they may die in any minute.

Remember solid coin and Geist Guide... Good thing i dropped mine before they went under

This is a good point. While there are plenty of promising technologies and projects currently being developed, it's impossible to know which ones will be successful in the future and which ones will be duds. Out of the old coins, Solidcoin and Geist Geld are completely dead. BBQcoin was thought to be dead but was revived and reached a multi-million dollar market cap but is now barely alive. Litecoin is currently doing very well compared to pre-2013 levels but Tenebrix and Fairbrix are dead despite the last one being the most innovative initially. Ixcoin and I0coin are doing fairly OK too.

Currently there are projects like Ethereum, MaidSafe, Counterparty, NEM, NXT, BitShares, Storj, Stellar, Ripple, etc. which are all trying to add something new to the crypto world. Some of these might end up dying just like the way your Solidcoin and Geist Geld did. Others might end up creating a new generation of "wealthy elites" in the same way Bitcoin and Litecoin did.

A significant remaining hurdle is seeing Bitcoin wallets installed on every smart-phone.  People are more likely to buy, use, and trust Bitcoin if they already have a Bitcoin wallet.  It would be less mysterious, less intimidating, and in some people, mocking, until they fed it.

Some options include

• pre-installed with the device (what would be their incentive?)
• pre-installed with the operating system (what would be their incentive?)
• pre-installed by the branded retailer (what would be their incentive?)
• part of an optionally downloaded software suite (piggyback)
• individual optional download (the most common method)

Bloatware!  I remember that's how they got suckers into signing up for Prodigy, Compuserve, and AOL internet in the 90's...

Bloatware was the first thing that came to mind for me as well. I'm not sure about how things were back in the 90's but many people these days are sick of having bloatware pre-installed on their phones and PCs. Since only a small percentage of society cares about Bitcoin right now, I'm not sure how it would be possible to integrate Bitcoin into a phone's OS without making it annoying. It would have to avoid being intrusive or "flashy", for starters.

[Bitcoin Explorer]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

[arklan]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

[thejaytiesto]

I am pretty confident that most people in this thread, including OP, have panic sold already and have given their wealth to other people for the future. It's the beauty of wealth redistribution.

[Biomech]

I am pretty confident that most people in this thread, including OP, have panic sold already and have given their wealth to other people for the future. It's the beauty of wealth redistribution.

Well said

I fit in that category, though the panic had nothing to do with bitcoin. I had it, I was desperate, I made somebody else happy

[Amph]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

still looks a bit depressing, when you compare it to 2013, not only there was the ath in that year but there were also numerous other high prices, like 230 and 300 peak around april

[rjclarke2000]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

still looks a bit depressing, when you compare it to 2013, not only there was the ath in that year but there were also numerous other high prices, like 230 and 300 peak around april

2013 was very exciting. Seems a bit boring nowadays.

Unfortunately I didn't hold many bitcoins back then.

I am sure we'll see it again but there needs to be something quite significant happen for this u turn.

[dothebeats]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

still looks a bit depressing, when you compare it to 2013, not only there was the ath in that year but there were also numerous other high prices, like 230 and 300 peak around april

2013 was very exciting. Seems a bit boring nowadays.

Unfortunately I didn't hold many bitcoins back then.

I am sure we'll see it again but there needs to be something quite significant happen for this u turn.

This year could turn up some amazing surprises. Who knows? Back then no one actually cared about the coin, but now bitcoin seems to be talked about in almost every corner.

[panck4beer]

This is a ridiculous thread. So much has changed since then, but if you had invested say 100$ back then, youd have a nice sum of money

[Oscilson]

This is a ridiculous thread. So much has changed since then, but if you had invested say 100$ back then, youd have a nice sum of money

If you look back in 20 years, you will say the same again.

[Bitcoin Explorer]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

Yeah....back then, no one predicted that the price of bitcoin would even breach the $1k mark. Anyway, I',m sure the price will be $1k or so sometime in the future(dont hole mee responsible if it doesnt happen )

[ipbo]

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  

[boumalo]

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  

What do you give us if we don't ? 

[Beliathon]

For the upcoming years, to those people who hold a bitcoin will feel soon the life of a rich man.  

What do you give us if we don't ? 

Post-capitalist existence.

[ensurance982]

That is actually interesting. 4 years on, the price is $200 with a high of around $1k

yup. great gains compared to the start of the thread. even still, not everyone who was around in the early days got rich. some of us didn't have anything to invest back then. the most i had at one time was about 20 coins, and that was before we broke 100. spent most of it back then too.

Yeah, definitely. If you look at some of the addresses of the people who were first posting in this thread, most spend their coins back in 2012. It isn't easy to hold on to your principle and keep holding on to your coins, as it may sound. Scams and Ponzi schemes are pretty tempting at times!

[ensurance982]

I am pretty confident that most people in this thread, including OP, have panic sold already and have given their wealth to other people for the future. It's the beauty of wealth redistribution.

Yeah, I'd be surprised if he/she was still holding all of their coins they had back at that time. Unfortunately OP's account isn't active anymore, so there's no way of seeing whether he/she is still active and what their decisions actually were, whether to hold on to their coins, cash them out, or lose them in Gox.

[operrajunk74]

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

[gripflierGO]

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.

[ensurance982]

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

I don't mean to rain on your parade or anything, but please consider the possibility of Bitcoin not succeeding, or even failing horribly. This is still a possibility, and not a very slim one, actually. Make sure not to live in a dream world that only revolves around Bitcoin succeeding. That being said, I hope that you are indeed right

[explorer]

Yup that's true.. We are gonna be new wealthy elite n gentlemen in coming period of time. I suggest to BTC community that whatever income you possess at present invest it in Bitcoins itself. So after 5 years down the line you will see the profitable results.

It's a great Feeling to hold an bitcoins it was a wise decision to invest in a bitcoin and this is just an beginning
Still the best days to come at present i am investing everything in bitcoins because the scenario would be different in next 5 years and i ll be a rich guy for sure.

I don't mean to rain on your parade or anything, but please consider the possibility of Bitcoin not succeeding, or even failing horribly. This is still a possibility, and not a very slim one, actually. Make sure not to live in a dream world that only revolves around Bitcoin succeeding. That being said, I hope that you are indeed right

Yep.  Bitcoin is going to run up against some major fungibility issues if tptb have their way, which could hamper long term success.  I'm pretty sure mid term it will fly, though.  If you are counting on bitcoin to make you wealthy, don't forget to take profits along the way.  Better a few birds in hand than an empty bush