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

[dgross0818]

Are positive forecasts based on currency behavior in 2017? But what about the sharp and recent collapse? What can raise the crypto currency from the knees? What will keep you afloat?

Increased interest from speculators who are eager for quick returns. The increase in demand, the receipt of large investors.
Many investors are trying to use resources that have remained free. Given the high appeal of digital currencies, most of the available funds will be used to purchase these assets.

I think this is an ordinary pyramid. The more people invest, the more top participants will get. As a result, all the profits will remain with the developer, and the rest of the people will go bankrupt.

As a network business. But I do not think the world of crypto currency is a pyramid or a network business. Yes, a lot is not clear and you need to understand the processes well. But the income is kind of clean.

[CADguy]

Are positive forecasts based on currency behavior in 2017? But what about the sharp and recent collapse? What can raise the crypto currency from the knees? What will keep you afloat?

Increased interest from speculators who are eager for quick returns. The increase in demand, the receipt of large investors.
Many investors are trying to use resources that have remained free. Given the high appeal of digital currencies, most of the available funds will be used to purchase these assets.

I think this is an ordinary pyramid. The more people invest, the more top participants will get. As a result, all the profits will remain with the developer, and the rest of the people will go bankrupt.

As a network business. But I do not think the world of crypto currency is a pyramid or a network business. Yes, a lot is not clear and you need to understand the processes well. But the income is kind of clean.

I do not fully understand the processes. But the most childish question, can alert. In fact, we do not see this money, but they bring us income. And more adult generation is worried.

[JayJuanGee]

Are positive forecasts based on currency behavior in 2017? But what about the sharp and recent collapse? What can raise the crypto currency from the knees? What will keep you afloat?

Increased interest from speculators who are eager for quick returns. The increase in demand, the receipt of large investors.
Many investors are trying to use resources that have remained free. Given the high appeal of digital currencies, most of the available funds will be used to purchase these assets.

I think this is an ordinary pyramid. The more people invest, the more top participants will get. As a result, all the profits will remain with the developer, and the rest of the people will go bankrupt.

You need to clarify what you are talking about exactly.  If you are talking about bitcoin, then that is one thing; however, if you are referring to crypto currencies more broadly, then that is a bit of a difference concept... Yeah, they have symbiotic relationships, but referring to crypto overall without parsing out the difference between bitcoin and the others rises to the level of a surely vague, amorphous and an all over the place discussion.

[hakans]

Are positive forecasts based on currency behavior in 2017? But what about the sharp and recent collapse? What can raise the crypto currency from the knees? What will keep you afloat?

Increased interest from speculators who are eager for quick returns. The increase in demand, the receipt of large investors.
Many investors are trying to use resources that have remained free. Given the high appeal of digital currencies, most of the available funds will be used to purchase these assets.

I think this is an ordinary pyramid. The more people invest, the more top participants will get. As a result, all the profits will remain with the developer, and the rest of the people will go bankrupt.

This is definitely not true for btc.

[nskendrovic]

wow looking back at the thread people knew about Bitcoin becoming big and making them rich! I have earned a lot of money through bitcoin too but I don't think I am the "new wealthy elite" as many of the really early adopted.

[JayJuanGee]

wow looking back at the thread people knew about Bitcoin becoming big and making them rich! I have earned a lot of money through bitcoin too but I don't think I am the "new wealthy elite" as many of the really early adopted.

There seems to be little utility in comparing yourself with others, and the real goal should be attempting to figure out how this possible "elite" status can fit into your own life and improvements in your own situation.  Surely in the whole scheme of things, there are certain objective comparisons that would allow you to use the word "elite" in your own description of yourself and your circumstances, but I would argue that there are also gradients of such usage of the word elite in which you can consider ways that bitcoin has helped you to reach a better financial position and how bitcoin may continue to help you in that "elitism" direction in the future.. even if you might not strictly meet societal definitions of "elite."

[Axelion]

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?

So the banking system is unfair and the new elites and banksters rule the world... but this new "currency" (note the quotes) is meant to save everyone... ah no sorry!, is just to make me rich and then it does not matter how unfair it isfor the rest of the world, nor it matters how much computing and electricity uses nor it matters that criminals use it.

Also... who freaking cares about paying taxes for services if you can avoid it somehow.

BTCitcoin is a pump and dump scheme and has failed as a currency, it is used pretty much NOWHERE nowadays despite all the marketing and propaganda.

Wow, who kicked your brain buddy? Again someone with criminals comment. I will not comment on that, guys above said enough.
About taxes. How much do you know about taxes? If you think that you will raise millions and nobody will ask you how, well you are wrong.
About technology. Your failed brain can't understand that everything needs time. Bitcoin started in 2009!? The whole crypto market is not even 10 years old. I give you 50 years, make something useful.

[natalagerman95]

Bitcoin is freedom of course. Everyone who buys right now bitcoin can then see how it will grow and no one will regret about what was once invested. Of course you can become a millionaire.

[decano]

exponential growth is almost always unsustainable and, in practice, is almost never sustained. relatedly, past performance of any commodity does not predict future performance. there are also potential problems, like scalability and the evolution of the fee structure.

[Yulia71]

well what make you sure abount that? you make hundreds of thousand of usd?

[marcus_of_augustus]

exponential growth is almost always unsustainable and, in practice, is almost never sustained. relatedly, past performance of any commodity does not predict future performance. there are also potential problems, like scalability and the evolution of the fee structure.

... it's only the first half of the S-curve that appears exponential.

https://en.wikipedia.org/wiki/Logistic_function

https://en.wikipedia.org/wiki/Diffusion_of_innovations

[arctic circle]

I think a lot of people get rich suddenly after Bitcoin. Those who accidentally keep Bitcoin in a long time will be very lucky and very happy. Especially those who used to transact and sell with Bitcoin, whatever the thing you sell with Bitcoin .. actually the profit you can get very far beyond what you imagine.

[rampage101]

Yes, you are right, even with a small amount of bitcoins, over time you will become a truly rich person.

[Udrujec]

I just admire the opportunity that bitcoin gives us. We can earn from the comfort of home, just wisely invested their money. Stunningly!

[shezu007]

you should be becasue you are now connected to the bitcoin and it is the way through which new wealthy elite comes. Bitcoin make many more new elite & gentlemen. You should be confident but you should be the hardworker with bitcoin and may the good investor and good idea maker with bitcoin on time.

[Paycoinzzz]

I think a lot of people get rich suddenly after Bitcoin. Those who accidentally keep Bitcoin in a long time will be very lucky and very happy. Especially those who used to transact and sell with Bitcoin, whatever the thing you sell with Bitcoin .. actually the profit you can get very far beyond what you imagine.

If you have a huge amount of money without any work hard to get that amount, to be honest, it is worse than those who are working to make money now.
Because those people have not experience to keep that amount, finally, they just know to using that amount for relax, dissipated and become useless people in the society.
Just my opinion.

[Cryptomaniac13]

If you hold enough, yes , but if you panic sell not

[newguy05]

At some point in time the bitcoin might get increased a lot and an investor who get that level those might be rich, that how I look to the future of bitcoin. So I will wait to see if I can see lower levels of bitcoin to buy and hold it for future.

[Granslam]

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?

Those of you who don't like your governments/countrys, regardless of where you live, why don't you move somewhere else?
There must be some other country somewhere that you like better.
Personally I don't mind paying tax (within reason) since it pays for my insulin, Enbrel, and my 50% disability pension.
I'm not saying I love my government, on the contrary, I voted on a opposition party. But from there to refuse paying tax is a bit too long step.

[josegr4ham]

To become a new rich elite we should work hard and do our part in this. Don't expect to get this title out of nowhere.