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

[gudmunsn]

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

[Melbustus]

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

Heh....someone told me today: "So I've been reading more about bitcoin. You're crazy!"

And yet this person kept happily asking me bitcoin questions for a half hour standing in a parking lot...

[marcus_of_augustus]

Yeah, those god-damned crazy wealthy elites, who needs 'em?

[Anon136]

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

The status quoe, by definition, cant change the world.

[p2pbucks]

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?

Yes , i am pretty sure of this 

[theonewhowaskazu]

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Knowing me, somehow find a way of getting more Bitcoins.

[viboracecata]

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

Heh....someone told me today: "So I've been reading more about bitcoin. You're crazy!"

And yet this person kept happily asking me bitcoin questions for a half hour standing in a parking lot...

Interesting, he must be attracted by bitcoin

[smoothie]

The world just isn't going to be the same and we have been blessed as the pioneers.

I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me.

yeah little to no support, no one, got my first 70btc at 10$... the only support i needed was max keiser and brotherjohnf both time to time talking about bitcoin very highly ...

im sure a TON of people who, even starting to buy right now for the first time, are still making the leap mostly by themselves...

transitioning to everyday life does anyone feel this way, as i do, about nearly everything that interests me and so on... hopefully not forever but its really heavy living the life of a lone wolf

Yes brotherjohnf, max, and davincij15 were the main ones that believe Bitcoin was a great alternative to fiat currencies.

[lophie]

Bitcoins rock, I am working on no internet (Only cellphone smsing) Bitcoin client , gonna be even more awesome if Bitcoin is available even without internet!

[arklan]

Bitcoins rock, I am working on no internet (Only cellphone smsing) Bitcoin client , gonna be even more awesome if Bitcoin is available even without internet!

that will be a real asset for places like africa where (i assume) data is less readily available then something like texting.

[waxwing]

Remember: this is not a done deal.

The best laid schemes of mice and men
Often go awry.
- John Steinbeck 1937

Actually it's "gang aft agley" for "often go awry" in the original, and it's Robert Burns from whom Steinbeck took the quote

[TitanBTC]

I don't know about you guys, but the members of the wealthy elite that I know are extremely smart, socially well-connected and they aren't mired in any particular mode of thinking in terms of investments.  They pay people to look for economic trends that will make them even more wealthy. 

It's a nice sentiment that "the underdog" may be displacing "old wealth", but from where I'm standing, they'll be coming to join the party soon enough.  Institutional investors will be happy to jump on the bitcoin bandwagon as soon as they view the risks to be acceptable.  These people stay wealthy because their financial advisers (who are watching bitcoin like hawks) are paid to keep it that way. 

One thing is for sure, though.  This community has definitely put a dent in the world.

[kwukduck]

I don't know about you guys, but the members of the wealthy elite that I know are extremely smart, socially well-connected and they aren't mired in any particular mode of thinking in terms of investments.  They pay people to look for economic trends that will make them even more wealthy. 

It's a nice sentiment that "the underdog" may be displacing "old wealth", but from where I'm standing, they'll be coming to join the party soon enough.  Institutional investors will be happy to jump on the bitcoin bandwagon as soon as they view the risks to be acceptable.  These people stay wealthy because their financial advisers (who are watching bitcoin like hawks) are paid to keep it that way. 

One thing is for sure, though.  This community has definitely put a dent in the world.

A dent in the world? Lol?
The entire bitcoin market cap. is almost pocket change for some of our wealthy elite, lets not even begin to talk on a global scale...
We are a long long way from even making a dent in the status quo...

[BitChick]

I don't know about you guys, but the members of the wealthy elite that I know are extremely smart, socially well-connected and they aren't mired in any particular mode of thinking in terms of investments.  They pay people to look for economic trends that will make them even more wealthy. 

It's a nice sentiment that "the underdog" may be displacing "old wealth", but from where I'm standing, they'll be coming to join the party soon enough.  Institutional investors will be happy to jump on the bitcoin bandwagon as soon as they view the risks to be acceptable.  These people stay wealthy because their financial advisers (who are watching bitcoin like hawks) are paid to keep it that way. 

One thing is for sure, though.  This community has definitely put a dent in the world.

A dent in the world? Lol?
The entire bitcoin market cap. is almost pocket change for some of our wealthy elite, lets not even begin to talk on a global scale...
We are a long long way from even making a dent in the status quo...

A scratch on the world then at least?

Hey, at least Bitcoin users are making the banking community a bit nervous.  I do think that for the most part Bitcoin is not being taken that seriously yet.  It will happen at some point.

[justusranvier]

A dent in the world? Lol?
The entire bitcoin market cap. is almost pocket change for some of our wealthy elite, lets not even begin to talk on a global scale...
We are a long long way from even making a dent in the status quo...

Building up a lot of momentum before ever truly getting on to the radar is a good thing.

[MoonShadow]

One thing is for sure, though.  This community has definitely put a dent in the world.

We've made some people who make a living of the status quo nervous is all.  As you have said, once it's inevitable that bitcoin is the new gold, the 1% will be buying it up from us like madmen, inviting us to join their ranks as they kick out the guy who was late to the party.  It's not the investors or venture capitalists that bitcoin puts a 'dent' into.  It's the central banks and those who profit from them that will be upset.  Unfortunately, we aren't talking about a class of people that take their sudden obsolescence in stride.  Their not just going to put down their buggy whip tools and look for a new job without pitching a fit.  And when these people have a hissy fit, armies march and nations burn.

[crazynoggin]

Before investors will jump onto Bitcoin, we can't have these giant spikes like we are having right now, there has to be a steady increase.

[BitChick]

One thing is for sure, though.  This community has definitely put a dent in the world.

We've made some people who make a living of the status quo nervous is all.  As you have said, once it's inevitable that bitcoin is the new gold, the 1% will be buying it up from us like madmen, inviting us to join their ranks as they kick out the guy who was late to the party.  It's not the investors or venture capitalists that bitcoin puts a 'dent' into.  It's the central banks and those who profit from them that will be upset.  Unfortunately, we aren't talking about a class of people that take their sudden obsolescence in stride.  Their not just going to put down their buggy whip tools and look for a new job without pitching a fit.  And when these people have a hissy fit, armies march and nations burn.

Sounds like good times.  Hopefully there will not be too many armies and burning nations!  I don't really enjoy that sort of thing.

[MoonShadow]

Before investors will jump onto Bitcoin, we can't have these giant spikes like we are having right now, there has to be a steady increase.

Giant spikes compared to what?  It's been fairly stable for the past several months.  Based soley on bitcoin's short history, a several months long smooth trading trend portends a sudden and dramatic price movement is due.  So far, the price movements up have generally stuck, while the price movements down have generally been temporary.  That is, after all, the only way a price goes from half a penny in 2010 to $140 in 2013.

[MoonShadow]

Hopefully there will not be too many armies and burning nations!  I don't really enjoy that sort of thing.

Yeah, that's usually not good for anyone but the arms dealers & funeral homes.  But then, the history of fiat currencies says they have an average life expectancy of about 100 years and that there is a 100% mortality rate by 200 years.  The US federal reserve note is approaching 100 years old, so it's going to happen somehow.