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

[Flanagan]

[1713954178]

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[Pettuh4]

To think that not so long ago I was paid 50 BTC for two hours of work.

This stuff was posted 2011.. 50Bitcoin? Incredibly stuff. I see Ethereum going thesame way and even surpassing Bitcoin. Man, what a strange forum

I have heard that in that year you could buy a pizza per 10k Bitcoins. People who putted big hopes on bitcoin and store it today must be the true wealthy elite  

Yes we are indeed the true wealthy elite thanks to Bitcoin and its consistent growth in value. There's no stopping now as we look forward to more increases in its value and so there's no way we are not the new wealthy elite.

[voltesbit777]

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car

Putting all money into bitcoin nowadays is not advisable at all, it will be risky even how higher you believed in bitcoin.
as long as its becoming the world currency its too dangerous to place all your funds into bitcoin.

[Herbert2020]

Well, i dont think it should be seen that way. Coz not all people using bitcoins are really into it just for the purpose of profit. Many use it just to make their lives easier. Or they just love the technology. ...

2012 called, it wants its memes back.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.
In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.

btc's real utility atm is a store of value, settlement layer and trading pair.

ETH could take this though. Perhaps theres room for both

only a cryptocurrency can "take" that not a token. and ethereum is NOT a currency.

"ether is not designed to function as a global digital currency. Instead, it is meant to pay for specific actions on the Ethereum network, with users receiving it for using their computing power to validate transactions and for contributing to its development."

also what do you think bitcoin can not function as a currency? the higher fees? do you even know the scaling problems of ethereum?
and i seriously doubt that you are even aware that average transaction fees of ether are now at $1.3 and ether has half the number of transactions per day that bitcoin has!

[HabBear]

only a cryptocurrency can "take" that not a token. and ethereum is NOT a currency.

"ether is not designed to function as a global digital currency. Instead, it is meant to pay for specific actions on the Ethereum network, with users receiving it for using their computing power to validate transactions and for contributing to its development."

It surprises me how many people here and in the news don't understand this very specific (and obvious) purpose of Ether.

But...if these sentiments below are the growing reality for Bitcoin.

Bitcoin is no longer new and what's more, it became very impractical to use (slow and expensive), so it hardly makes anything easier for anyone.

In the current shape, Bitcoin is only good for speculative holding, so either for profit or at least as store of value. This will have to change, one way or another, or it will get replaced.

btc's real utility atm is a store of value, settlement layer and trading pair.

Could Litecoin fill in as the next obvious choice to be the cryptocurrency that's actually used as a currency?

[nevertoolate]

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.

[Elwar]

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.

Don't invest in bitcoin.


Convert from your old currency to bitcoins.

[keithers]

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

[nevertoolate]

Sorry but the second sentence didn't make sense to me.
And why do you think I don't invest in bitcoin? Any good reasons?

I am pretty sure there were people back in 2011 said not to invest in it but the one who did it are now wealthy.

Considering there is only a limited number of bitcoins to be made in the coming years...
Is it wise to invest now?
How much do you guys think BTC will rise?
Also looking way back at the thread in 2011,2012, their predictions were pretty much correct.

Don't invest in bitcoin.


Convert from your old currency to bitcoins.

250K per coin. I wouldn't mind that

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

[AleSergio]

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car

Post back to 2011, if this guy has holded BTC for so long time, than i guess he had already bought everything, that he wanted  

[CoinCidental]

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house 

[izanagi narukami]

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house 

Well, I'm was hoping that bitcoin become more valuable on that year but still I've little fear that bitcoin able to reach that point.
But at the end , investing is just like gambling yet bitcoin is unique investment that able to prove it's existency over 7-8 years and their popularity is getting bigger since the value keep increase exponentially

[CoinCidental]

This thread has made it through many price milestones from the single digits all the way up to $3,000+ this year.

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

in the next stock market correction/crash/recession btc will be 1:1 with BRKA shares and go on to surpass them .........
Buy a bitcoin now if you are still thinking about it
by 2030 it will be worth more than the average house 

Well, I'm was hoping that bitcoin become more valuable on that year but still I've little fear that bitcoin able to reach that point.
But at the end , investing is just like gambling yet bitcoin is unique investment that able to prove it's existency over 7-8 years and their popularity is getting bigger since the value keep increase exponentially

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   

[HaXX0R1337]

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   

I am hearing this for a long time now,bitcoin moving out of the weak hands to the strong hands,now what,you will keep the coins till you die. either way you are planning to sell the coins when you think that it is profitable for you,people sell their coins because they are not looking at the wider aspects of market rather looking at the current market and booking their profit,what is wrong in that.If i think that there will be a rally in bitcoin in coming weeks i will get hold some coins and get off ,you can also profit in that way.

[Vishnu.Reang]

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

Wow! Really? The price of a single Berkshire Hathaway Class A share is $254,640. They have kept the prices artificially high (by preventing share split), in order to keep the equities away from the small-scale and medium-scale investors. Unlike Bitcoin, the Berkshire shares can't be purchased in fractions. The minimum purchase quantity is 1.000 shares.

[CoinCidental]

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

Wow! Really? The price of a single Berkshire Hathaway Class A share is $254,640. They have kept the prices artificially high (by preventing share split), in order to keep the equities away from the small-scale and medium-scale investors. Unlike Bitcoin, the Berkshire shares can't be purchased in fractions. The minimum purchase quantity is 1.000 shares.

actually there is a "cheap option" for people who cant afford brk A class shares

see below:

Warren Buffett has declared that the Class A shares will never experience a stock split because he believes the high share price attracts like-minded investors, those focused on long-term profits rather than on short-term price movements. As of May 2017, Berkshire Hathaway Class A (BRK-A) is trading for almost $246,000 a share.

In 1996, Buffett created Class B shares (BRK-B), offering investors the ability to invest in Berkshire Hathaway for, initially, one-thirtieth the price of a Class A share of stock. A 50-to-one stock split in 2010 sent the ratio to one-1,500th. Class B shares carry correspondingly lower voting rights as well. Buffet stated that the purpose of creating the Class B shares was to give smaller investors the opportunity to invest directly in Berkshire Hathaway, rather than only participating indirectly through mutual funds that mirror Berkshire Hathaway's holdings.

One benefit of holding Class B shares is flexibility. If an investor owns just one share of Class A and is in need of some cash, the only option is to sell that single share, even if its price far exceeds the amount of capital the investor needs to access. In contrast, a holder of Class B shares can liquidate part of his or her Berkshire Hathaway holdings, just up to the amount needed to meet cash flow requirements. Another benefit of Class B is that its much lower price means that BRK stock can be passed to heirs without triggering the gift tax as passing Class A shares does.

One final difference is that Class A shares can be converted into an equivalent amount of Class B shares any time a Class A shareholder wishes to so do. The conversion privilege does not exist in reverse. Class B shareholders can only convert their holdings to Class A by selling their Class B shares and then buying the equivalent in Class A shares.

[CoinCidental]

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   

I am hearing this for a long time now,bitcoin moving out of the weak hands to the strong hands,now what,you will keep the coins till you die. either way you are planning to sell the coins when you think that it is profitable for you,people sell their coins because they are not looking at the wider aspects of market rather looking at the current market and booking their profit,what is wrong in that.If i think that there will be a rally in bitcoin in coming weeks i will get hold some coins and get off ,you can also profit in that way.

Yes , i will still have my bitcoins to leave to my children and grandchildren when im dead
the problem with thinking short term is that most people cannot beat the market (97% on average will lose trying  )
My bitcoins only cost me $3 so i dont really need to cash out of a deflationary asset to an inflationary asset like cash

[Dafar]

If Berkshire Hathaway can go up to $250K per SHARE why the fuck can't bitcoin go to $250K? Or $100K? Or even $10K??


C'mon guys.... stop being a bunch of losers. I need bitcoin to keep going up. Stop acting like $3k is "too much"... fuck off. $10K or BUST.

[JayJuanGee]

the important thing is not to panic ,everyday there is people spreading FUD to get you to dump your bitcoins just so they can can get them from you cheaply
like everything else of value in this world,btc will move from weak hands to strong ones .....
keep this in mind and dont listen to the idiots   

I am hearing this for a long time now,bitcoin moving out of the weak hands to the strong hands,now what,you will keep the coins till you die. either way you are planning to sell the coins when you think that it is profitable for you,people sell their coins because they are not looking at the wider aspects of market rather looking at the current market and booking their profit,what is wrong in that.If i think that there will be a rally in bitcoin in coming weeks i will get hold some coins and get off ,you can also profit in that way.

Nothing wrong with selling strategically when the price goes up and buying back on dips, but you also have to keep in mind having bitcoins and replacing ones that you spend.. and longer term investment ideas.. you would not want to be out of coins because you sold them all at $2700 and the price goes up to $10k, right?

[keithers]

I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price

Wow! Really? The price of a single Berkshire Hathaway Class A share is $254,640. They have kept the prices artificially high (by preventing share split), in order to keep the equities away from the small-scale and medium-scale investors. Unlike Bitcoin, the Berkshire shares can't be purchased in fractions. The minimum purchase quantity is 1.000 shares.

Yes, I forget what the exact bet was going to be though...maybe one of the older users around her can confirm.   I believe the bet was going to be that 100BTC was going to be greater than the value of 1 Class A Berkshire Hathaway share, but I could be a little wrong.   If that was the exact bet...the month would have been the first time that it passed that value.

Can anyone else chime in if they remember?