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

[SirPereira]

As I agree with the chances of getting wealthier, I would really to bold that you should never ever in any circumstances invest what you are not willing to lose. Ever.

Today we are all in green and we hope to see a bright future for sure, but we never know what could happen tomorrow, and from one moment to another everything can change and you may end in a huge red.

If it would be certain, all of us would be rich.

[1715160466]

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[1715160466]

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[snowdropfore]

i am coming back ,now the price of bitcoin is $4000, i am more and more rich now .it is a amazing post.

[Osarman]

Agreed with you that we are one of the new wealthy community. People who are holding the bitcoins will definitely became the wealthiest in the long run. Let's hold longer for the $10,000 target value.

It seems to me this guy has a deep reliable insight. I am on the same page as you are in this matter. Bitcoins will introduce the new generation of millionaire to the world. Let's just wait and watch that how this beauty is going to grab the medal from everyone. And I am also interested in when will it touch 10k dollars. I think before 2019.

[LFC_Bitcoin]

Happy to see this thread come back to life again, I imagine more & more early adopters are becoming very wealthy through bitcoin if they were able to HODL up until now.

[Lampaster]

To be the elite of society don't need to have a lot of money. You must have service to the community and you should respect that. The rich call themselves elite because they have a lot of money, but it's not. On the contrary, I believe many of them the dregs of society.

[Doamader]

Bitcoin for the holders has changed their lifes already, and several new investors had already made fortune over bitcoin, and nowadays a lot coins offering a way to became rich. Crypto world is making money to circulate over all, something in the past were frozen into banks savings, now is into circulation sharing health. Without crypto people were scared and frozen into banks system, crypto still being a risk place to invest, but with potencial to give freedom and plenty control over your money.

[Faliro]

While I think that road from here to a widely used cryptocurrency will be rougher than some seem to think, I have to admit I have taken out a loan to buy bitcoins. However it was a loan from a relative with good terms I think, 0 interest but a cut of the profit if any. I had no money available to invest and they had no confidence in bitcoin. So far it is working out well for both of us.

[nexus99]

Certainly looks like we will be constituting the elite soon... There so many nay-sayers and skeptics surrounding me now. I'll enjoy having a discussion with them when btc has gone up to 10-15 K

[JayJuanGee]

While I think that road from here to a widely used cryptocurrency will be rougher than some seem to think, I have to admit I have taken out a loan to buy bitcoins. However it was a loan from a relative with good terms I think, 0 interest but a cut of the profit if any. I had no money available to invest and they had no confidence in bitcoin. So far it is working out well for both of us.

O.k... however a little details makes a difference, no? 

Does it matter if you got the loan when bitcoin was $1200 or $2600 or $4400?    If you are in significant profits, then it might be good to pay off some, if not all of the principle with the profits; however, it is not going to help too much if you have to pay off a loan, yet  the price is going down rather than up.  Don't get me wrong, I am bullish on bitcoin; however, any of us who can read the charts can see that bitcoin had more than 3 years of prices below it's November 2013 ATH of $1163 before it finally reached that level again.. so many of us recognize that there can be a considerable amount of time of "correction" in this space.

[garmerys]

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?

I’m very sure about that also, we are the new generation of wealthy gentlemen, bitcoin has given me loads of cash and am so happy about that. I wouldn’t mind investing half of my salary in bitcoin and watching it rise over the years.

[jonatuzc]

While I think that road from here to a widely used cryptocurrency will be rougher than some seem to think, I have to admit I have taken out a loan to buy bitcoins. However it was a loan from a relative with good terms I think, 0 interest but a cut of the profit if any. I had no money available to invest and they had no confidence in bitcoin. So far it is working out well for both of us.

O.k... however a little details makes a difference, no? 

Does it matter if you got the loan when bitcoin was $1200 or $2600 or $4400?    If you are in significant profits, then it might be good to pay off some, if not all of the principle with the profits; however, it is not going to help too much if you have to pay off a loan, yet  the price is going down rather than up.  Don't get me wrong, I am bullish on bitcoin; however, any of us who can read the charts can see that bitcoin had more than 3 years of prices below it's November 2013 ATH of $1163 before it finally reached that level again.. so many of us recognize that there can be a considerable amount of time of "correction" in this space.

A good piece of advice! It will be best for him to return at least a little of his loan if he is earning some profit and according to him he actually is. There is no doubt the price of bitcoins is coming down but it is still the most expensive asset in today's world. Fluctuation is a part of currencies so patience is the need of present time.

[Basmic]

You can send money worldwide for less than pennies.I send money for free

This is just one small advantage of bitcoin. In fact, bitcoin provides people with such opportunities which we could not even dream of. He's still very fragile and their inept actions we could destroy it. Why everyone wants to become millionaires? Is bitcoin created?

[Rinder]

Bitcoin this year has already showed it has potencial to grow without restrictions, something amazing i did present is it had raised from 3-4x its value. By holding bitcoin im pretty confident i will be part of the new elite that will born from crypto, as some already achieved such, mine day is getting closer as well. This year i do believe bitcoin will reach 5000 dollars and will find support to cross it as well, but lets see how segwit implementation will work out.

[JayJuanGee]

While I think that road from here to a widely used cryptocurrency will be rougher than some seem to think, I have to admit I have taken out a loan to buy bitcoins. However it was a loan from a relative with good terms I think, 0 interest but a cut of the profit if any. I had no money available to invest and they had no confidence in bitcoin. So far it is working out well for both of us.

O.k... however a little details makes a difference, no? 

Does it matter if you got the loan when bitcoin was $1200 or $2600 or $4400?    If you are in significant profits, then it might be good to pay off some, if not all of the principle with the profits; however, it is not going to help too much if you have to pay off a loan, yet  the price is going down rather than up.  Don't get me wrong, I am bullish on bitcoin; however, any of us who can read the charts can see that bitcoin had more than 3 years of prices below it's November 2013 ATH of $1163 before it finally reached that level again.. so many of us recognize that there can be a considerable amount of time of "correction" in this space.

A good piece of advice! It will be best for him to return at least a little of his loan if he is earning some profit and according to him he actually is. There is no doubt the price of bitcoins is coming down but it is still the most expensive asset in today's world. Fluctuation is a part of currencies so patience is the need of present time.

I am neither saying that he has to pay back right now or that bitcoin is at the top of a price bubble.

My main point is that sometimes there may be some need to cash out along the way, and especially more important if you are leveraging and especially more important are details concerning when did you get into this leveraging situation and what are your entry points. 

I am not sure if it is so obvious that Faliro is in significant profits, it could be that he got in at $4000, and he is feeling good because bitcoin has largely been staying above $4000 - so if he just entered, then it might not make sense to cash out right away because he would merely be getting his principle back and the premise (in his own thinking) of his having had invested at $4000 was that he thought it would go up from that price point.... so yeah, gotta work within the premises of the person and whether those premises are realistic and sometimes gettin gout of the situation now could just mean that you entered at a bad starting point - even though there is no fucking guarantee about the price direction, including the "fact" that some people argue that there are "always" corrections - well sure there are always corrections, but that does not mean (or guarantee) that BTC prices are ever going below $4k again... so it is possible that the next correction only comes after the price goes up to $10k, and at that point we suffer a 60% correction - but still does not go below $4k.. sure there are a lot of possible scenarios, so part of the questions in this matter concerns some of the thinking of Faliro and when he got in and what he believes are reasonable exit points and what are his plans for price movements that can happen in either direction.

[Loveydovey04]

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?

I do believe too. Let's hope for the best. Hope is costless.

[surix]

For most of the people on the forum, I believe the size of stash is below 10BTC (source from polls on the forum).

So even the price goes to 10k USD, it's 100k USD; while it's a very nice pocket money, it is far from enough to retire (1~2M USD) or become rich (>5M USD).

[Arday1979]

Can you get close to paying out taxes on bitcoin if you acquire items directly as an alternative of changing to fiat? Also, how would the government know how considerably you need to shell out if there is no file of what cost you bought your bitcoins at?

[susila_bai]

For most of the people on the forum, I believe the size of stash is below 10BTC (source from polls on the forum).

So even the price goes to 10k USD, it's 100k USD; while it's a very nice pocket money, it is far from enough to retire (1~2M USD) or become rich (>5M USD).

What you saying is true for living a normal life then 10 btc is enough at the price of 10k usd. If i think from the fiat currency conversion of my country then the price conversion will be more more then enough for my family to live happily with 10btc @ 10k btc.

[Rinaze]

Seeing how this thread is created in 2011, the title seems to fit the current situation very well for all investors who actually got into cryptocurrency back then!

[JayJuanGee]

For most of the people on the forum, I believe the size of stash is below 10BTC (source from polls on the forum).

So even the price goes to 10k USD, it's 100k USD; while it's a very nice pocket money, it is far from enough to retire (1~2M USD) or become rich (>5M USD).

So much of these kind of price appreciations go to show that there had been very decent price points in which we could accumulate BTC, even in recent times.  For nearly a year (talking late 2014 through 2015) BTC prices were under $300 - and a lot of the time below $250 (or at least in the $250 range), so retrospectively we realize that $10k or $30k could have gone a long way to building a really decent BTC stash - in order to set up a person for the possibility of rich - even in the western context.  $30k at $250 would have gotten someone 120BTC, which would now be worth over $500k.  NOT exactly filthy rich category - but sometimes our expectations can become a bit much if we are expecting to become rich too quickly.

By the way, so many people were so scared as fuck about BTC in 2015 - so it is understandable that many folks may not have recognized that "buying opportunity."

Anyhow, if someone currently has 10BTC, I would still recommend continuing to attempt to accummulate by dollar cost average buying, and if you can sell a tiny bit while the prices go up and use that money to buy back during corrections, and you could likely continue to build your number of BTC and or at least maintain your 10BTC while building up cash in order to buy back on dips.  Continuing to buy $10 a week may be an o.k. strategy, and of course if you can afford, more than you can buy more than $10 per week while attempting to employ strategies to sell small amounts on price rises and attempt to buy back on price dips (both rises and dips seem to be ongoingly inevitable in this space).