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

[QuestionAuthority]

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[fantoos]

I also agree with full confidence that yes we are future's new elites if we keep holding our Bitcoins.I don't accumulate my coins and keep them in cold storage because there will be a sudden move in price and price will go out of the reach over night.I will be one of the new elites surely.

[bryant.coleman]

Bitcoin will really start to rocket when mining caps out.

Bitcoin will rocket only when the "demand" outstrips the supply. Right now, that is not the case. There is an over-supply of the coins. And talking about mining, although the next block reward halving is supposed to occur in about 7 months time, I am not sure how much effect it will be having on the exchange rates. Also remember that the mining will go on till 2140.

[Parazyd]

Bitcoin will really start to rocket when mining caps out.

Bitcoin will rocket only when the "demand" outstrips the supply. Right now, that is not the case. There is an over-supply of the coins. And talking about mining, although the next block reward halving is supposed to occur in about 7 months time, I am not sure how much effect it will be having on the exchange rates. Also remember that the mining will go on till 2140.

A lot! Think of it as less BTC each time. Meaning the demand will be higher, thus the price will be higher.

[RealBitcoin]

I doubt that any large group of bitcoin talk members can really agree upon where the price is going in the short term. 

Ultimately we need to consider both short term performance, and what is going on now, and also give some consideration to the longer bitcoin history. 

Generally, we are talking in terms of probabilities, and in that regard, it seems much more probable that bitcoin will reach $600 before it reaches $200 - does any of us know specifics.  I doubt it, unless you happen to have enough money that you know that you specifically cause prices to rise or fall to a predicted level.  And in our current world, it is much easier for a wealthy person to get ahold of a lot of dollars (without affecting bitcoin prices) as compared with getting ahold of a lot of bitcoins (without affecting bitcoin prices).

This is the signle biggest forum for bitcoin.

Every post, thread, article is influencing the price of bitcoin, that originate from this forum.

I`d guess about 0.8 correlation between bitcointalk activity and bitcoin price.

So if the majority of guys agree from here, it will go there probably.

[JayJuanGee]

I doubt that any large group of bitcoin talk members can really agree upon where the price is going in the short term. 

Ultimately we need to consider both short term performance, and what is going on now, and also give some consideration to the longer bitcoin history. 

Generally, we are talking in terms of probabilities, and in that regard, it seems much more probable that bitcoin will reach $600 before it reaches $200 - does any of us know specifics.  I doubt it, unless you happen to have enough money that you know that you specifically cause prices to rise or fall to a predicted level.  And in our current world, it is much easier for a wealthy person to get ahold of a lot of dollars (without affecting bitcoin prices) as compared with getting ahold of a lot of bitcoins (without affecting bitcoin prices).

This is the signle biggest forum for bitcoin.

Every post, thread, article is influencing the price of bitcoin, that originate from this forum.

I`d guess about 0.8 correlation between bitcointalk activity and bitcoin price.

So if the majority of guys agree from here, it will go there probably.

Part of my point is more or less exactly the opposite of what you are asserting to be possible.  You are asserting that a bunch of us could affect the direction of the bitcoin price if we could get on the same page and push in the same direction at the same time.

I do not disagree with that assertion as a possibility, but your assertion really seems to be out there in LA LA land. 

I maintain my assertion that you cannot really get a bunch of forum members to agree, even if it were in their own best interest to agree - it's a kind of prisoners dilemma, because every person would continue to act as an individual in his/her own best interest and to tend to deviate from the direction of the others in order to attempt to get an advantage, which in the end would cause the whole proposed coordinated effort to fail.

[Oscilson]

This is the signle biggest forum for bitcoin.

Every post, thread, article is influencing the price of bitcoin, that originate from this forum.

I`d guess about 0.8 correlation between bitcointalk activity and bitcoin price.

So if the majority of guys agree from here, it will go there probably.

There is correlation between bitcointalk activity and bitcoin price. The former is affected by the latter. When there is Price rise, there more activity here. When the price is low, people are quite here.

[RealBitcoin]

Part of my point is more or less exactly the opposite of what you are asserting to be possible.  You are asserting that a bunch of us could affect the direction of the bitcoin price if we could get on the same page and push in the same direction at the same time.

I do not disagree with that assertion as a possibility, but your assertion really seems to be out there in LA LA land. 

I maintain my assertion that you cannot really get a bunch of forum members to agree, even if it were in their own best interest to agree - it's a kind of prisoners dilemma, because every person would continue to act as an individual in his/her own best interest and to tend to deviate from the direction of the others in order to attempt to get an advantage, which in the end would cause the whole proposed coordinated effort to fail.

Don't believe me, do you own reasearch, and you will find interesting things, just like he responded:

This is the signle biggest forum for bitcoin.

Every post, thread, article is influencing the price of bitcoin, that originate from this forum.

I`d guess about 0.8 correlation between bitcointalk activity and bitcoin price.

So if the majority of guys agree from here, it will go there probably.

There is correlation between bitcointalk activity and bitcoin price. The former is affected by the latter. When there is Price rise, there more activity here. When the price is low, people are quite here.

After all we are the bitcoin community, of course we influence price. Whatever things go in this forum does affect the bitcoin price.

[Pierre 2]

We might be really wealthy and rich in future but it is a big speculation. I expect bitcoin price to rise but,
I don'y think it will go like $1m to make me rich and retire early.

[zecexe]

We might be really wealthy and rich in future but it is a big speculation. I expect bitcoin price to rise but,
I don'y think it will go like $1m to make me rich and retire early.

It will take time and patience for this big speculation that we will be rich in the up coming years, rather it is "timing" it waits on the right time. Hopefully Bitcoin will drag us to its potential limit. 

[Zz]

I hope we, as next generation (after Dec-2013 Bitcoiners), will be the next wealth elite and join you most-elite Bitcoiners. This thread is always being motivational for me. I see riches and it pushes me grinding hard.
I wonder what is Atlas doing now? Anyone know him from real life?

[Gleb Gamow]

I hope we, as next generation (after Dec-2013 Bitcoiners), will be the next wealth elite and join you most-elite Bitcoiners. This thread is always being motivational for me. I see riches and it pushes me grinding hard.
I wonder what is Atlas doing now? Anyone know him from real life?

Last year, I spoke with him over the phone. He was living in Australia at the time. I kid you not.

[QuestionAuthority]

I hope we, as next generation (after Dec-2013 Bitcoiners), will be the next wealth elite and join you most-elite Bitcoiners. This thread is always being motivational for me. I see riches and it pushes me grinding hard.
I wonder what is Atlas doing now? Anyone know him from real life?

Last year, I spoke with him over the phone. He was living in Australia at the time. I kid you not.

No shit? He must have turned 18 and ran away as soon as he could. I always suspected his weird behavior and nihilist viewpoint was caused by abuse at home (either sexually or mentally).

[RealBitcoin]

I hope we, as next generation (after Dec-2013 Bitcoiners), will be the next wealth elite and join you most-elite Bitcoiners. This thread is always being motivational for me. I see riches and it pushes me grinding hard.
I wonder what is Atlas doing now? Anyone know him from real life?

Last year, I spoke with him over the phone. He was living in Australia at the time. I kid you not.

No shit? He must have turned 18 and ran away as soon as he could. I always suspected his weird behavior and nihilist viewpoint was caused by abuse at home (either sexually or mentally).

Wow you guys really know that much eachother, I'ts really nice how a forum can be a good place to meet other people, not just a  feeding ground for scammers.

Bitcoin must work harder on social aspect too.

[k2900]

I agree with the author

[thejaytiesto]

Wow so the OP was a guy named Atlas that wasn't even adult and had so many Bitcoins? how did a kid get involved in Bitcoin? imagine not being even 18 and having millions to spend, lucky guy. Why did he delete his account?

[zeraTunerse]

Wow so the OP was a guy named Atlas ---snip--- Why did he delete his account?

From my past experience , Many people joined this forum at early time , and they experienced the growth of BTC , i joined here somewhat at 2k13 , I witnessed a massive dropout from here , as the coin value started to drop after 1170$ , the people started to piss off from Rally.
You may find many accounts of people registered at 2011 and still they are members or Full , and Last login is 2013 or early 2014.

[RealBitcoin]

Wow so the OP was a guy named Atlas ---snip--- Why did he delete his account?

From my past experience , Many people joined this forum at early time , and they experienced the growth of BTC , i joined here somewhat at 2k13 , I witnessed a massive dropout from here , as the coin value started to drop after 1170$ , the people started to piss off from Rally.
You may find many accounts of people registered at 2011 and still they are members or Full , and Last login is 2013 or early 2014.

Those are only the shallow people, weak links.

We dont need those. They only come for quick buck.Fuck them.

We the veterans will hold bitcoin, and if they come back, well too late, we will make the big profit not them.

[FriendlyChemist]

Wow so the OP was a guy named Atlas ---snip--- Why did he delete his account?

From my past experience , Many people joined this forum at early time , and they experienced the growth of BTC , i joined here somewhat at 2k13 , I witnessed a massive dropout from here , as the coin value started to drop after 1170$ , the people started to piss off from Rally.
You may find many accounts of people registered at 2011 and still they are members or Full , and Last login is 2013 or early 2014.

Those are only the shallow people, weak links.

We dont need those. They only come for quick buck.Fuck them.

We the veterans will hold bitcoin, and if they come back, well too late, we will make the big profit not them.

HaaHaa..
You came For Few Coins Here Right?

[pereira4]

Wow so the OP was a guy named Atlas ---snip--- Why did he delete his account?

From my past experience , Many people joined this forum at early time , and they experienced the growth of BTC , i joined here somewhat at 2k13 , I witnessed a massive dropout from here , as the coin value started to drop after 1170$ , the people started to piss off from Rally.
You may find many accounts of people registered at 2011 and still they are members or Full , and Last login is 2013 or early 2014.

But if they are here since 2011 they should have thousands of Bitcoin which means they would be pretty rich even after not selling at the peak last ATH... so why would they get mad an disappear? That's pretty dumb I think. If they keep holding they will just keep getting richer. Also they would be Legendary by now which in itself it's pretty valuable.