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

[bythesea]

I have a nice amount of coins atm, so if they reach  10.000$, hm i would buy house, new car, trip around the world, 65" TV and so on

[1713985386]

1713985386

[1713985386]

1713985386

[1713985386]

1713985386

[tclo]

I just hope if this is true, that we may be the new wealthy elite, that we remember our values and act more responsibly and benevolently than the wealthy elite of the past. I hope that instead of building palaces that separate us from a brothers and sisters, that we my live humbly and share our wealth. I have no doubt that this community would do better than the current elite, but sometimes this forum can be a bit greedy. We do understand that this is a zero sum game correct? And that we don't deserve to be extravagantly wealthy, as nobody does. It's not healthy for anybody.

I hope we are the new wealthy elite, so that we may humbly take elitism down a few notches to a more sane level. Where individuals don't hoard billions of dollars while billions starve. That is insanity, and I hope you all feel similarly.

lol

yes human nature is the same whether you are talking fiat or crypto.  BTC will not lead to any kind of utopia but it will make life better for those who adopt it...unless the gov't stormtroopers bust down your door because you have some, of course.

[cheech300]

me too!

[allthingsluxury]

I have a nice amount of coins atm, so if they reach  10.000$, hm i would buy house, new car, trip around the world, 65" TV and so on

Very nice 

[ImI]

I have a nice amount of coins atm, so if they reach  10.000$, hm i would buy house, new car, trip around the world, 65" TV and so on

[wachtwoord]

I have a nice amount of coins atm, so if they reach  10.000$, hm i would buy house, new car, trip around the world, 65" TV and so on

If you're going to travel around the world, why buy a house and a tv?

[JakeGold]

I hope we're right, and people who didn't want to be saved won't be saved.

People just want to live their lives. They're making plans to buy their first house, get married, take a vacation etc etc, they don't want to mire themselves in all this doom and gloom financial meltdown business. And I don't blame them, it's depressing, so they distract themselves with shopping trips, video games and TV shows.

It's not that they don't want to be saved, they're in denial about the state of the system they've been born into and depend on.

And this denial created opportunity for the rest of us

There will always be a top and a bottom to every pyramid. Whether it's the food chain, social hierarchy or financial status, every layer depends on the ones below it, an inescapable law of nature. You can fall down easily, but to go up you have to climb.

Ignorance, denial, and complaisance will land you at the bottom.

[BitChick]

I think if your goal in life is to purchase a bigger TV, you should rethink what it is you really want out of life (and Bitcoin).

Right.  I did not realize TV's were that expensive that Bitcoin needs to reach such high amounts to buy one.
 
My dream job has always been to be a rich philanthropist.  I would love to be involved with helping free sex slaves, doing some international work in Africa to help the hungry, support free medical services for the poor in third world countries and so on.

But I have some selfish wants too.  A new house with a giant walk-in closet is on my wish list!

[arklan]

I think if your goal in life is to purchase a bigger TV, you should rethink what it is you really want out of life (and Bitcoin).

Right.  I did not realize TV's were that expensive that Bitcoin needs to reach such high amounts to buy one.
 
My dream job has always been to be a rich philanthropist.  I would love to be involved with helping free sex slaves, doing some international work in Africa to help the hungry, support free medical services for the poor in third world countries and so on.

But I have some selfish wants too.  A new house with a giant walk-in closet is on my wish list!

You can keep the closet - i just want a quiet, sound insulated room with no external light sources to sleep in.

Or maybe just a cave... *hermit*

[go1111111]

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

Seems like a huge amount of people on these forums don't understand why expected inflation is not a big deal. If the dollar is inflating 2% per year, then this increase gets factored into wages and contracts (including bonds). Most people who have any significant amount of money don't keep it in cash. People who have invested their money in stocks and bonds over the last hundred years have done very well in general. There is no problem that you need to save these people from.

[arklan]

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

Seems like a huge amount of people on these forums don't understand why expected inflation is not a big deal. If the dollar is inflating 2% per year, then this increase gets factored into wages and contracts (including bonds). Most people who have any significant amount of money don't keep it in cash. People who have invested their money in stocks and bonds over the last hundred years have done very well in general. There is no problem that you need to save these people from.

Factored in to wages? Bullshit. Maybe for managment and salaried employees with benefits, but most people I know aren't in such positions, and those that are don't actively trade stocks and such.

We aren't all standing half way up the pyramid... These days, even though I'm well educated with certificates and degrees, i'm on the bottom working manual labor. Inflation sure as hell isn't factored in.

[go1111111]

arklan, if wages for manual labor are falling in real terms (after adjusting for inflation), it's because the value of manual labor is decreasing, not because we have consistent inflation at around 2% per year. Sure, that's bad for people doing manual labor, but it's not due to inflation.

[Anon136]

arklan, if wages for manual labor are falling in real terms (after adjusting for inflation), it's because the value of manual labor is decreasing, not because we have consistent inflation at around 2% per year. Sure, that's bad for people doing manual labor, but it's not due to inflation.

factoring for inflation is an extremely difficult to the point of being an art more than it is a science. you really cant draw conclusions like this. though i think the conclusion is probably correct and i think you could find other ways to make better arguments for the fact that labor is decreasing in value. such as machines reduce the demand for it and things being equal a reduction in demand for a thing decreases its price.

[Richy_T]

If the dollar is inflating 2% per year, then this increase gets factored into wages and contracts (including bonds).

It is not getting factored into wages and bonds. At one time, it did somewhat but in recent economic times, no. It's just a mechanism for theft.

[inform]

This very interesting

[iamphoenix]

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 would try to spread the wealth, but why not get a head start? Traveling 2-3k miles a month there HAS to be at least a few people who bought a few bitcoins. Lets get more pioneers before that price.



How many pioneers have you brought on aboard?

[wachtwoord]

How many pioneers have you brought on aboard?

I sure hope no-one thought driving a SMART was a requirement

Haha, just kidding dude, nice plate

[snakebit]

How many pioneers have you brought on aboard?

Damn, you took my plate... I love it though. I guess I'll settle with SATOSHI for my next plate.

[cypherdoc]

How many pioneers have you brought on aboard?

Damn, you took my plate... I love it though. I guess I'll settle with SATOSHI for my next plate.

a yellow one at that!

like a bright neon sign!

[Erdogan]

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

Seems like a huge amount of people on these forums don't understand why expected inflation is not a big deal. If the dollar is inflating 2% per year, then this increase gets factored into wages and contracts (including bonds). Most people who have any significant amount of money don't keep it in cash. People who have invested their money in stocks and bonds over the last hundred years have done very well in general. There is no problem that you need to save these people from.

One of the things politicians want to achieve, is to adjust salaries and entitlements downwards. If and when everything is adjusted to expected inflation, inflation will increase to something that is unexpected.