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

[fenican]

Bagholders who bought at $20k are the new poor welfare people, gentlemen.

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[JuanHungLo]

Bagholders who bought at $20k are the new poor welfare people, gentlemen.

Only if they are stupid enough to sell.

[Shumer]

The bitcoine rate will still be good at the current price of a third. And he can hold on to the bottom for a long time. Until states define their rules in the market for crypto currency.

[JayJuanGee]

Bagholders who bought at $20k are the new poor welfare people, gentlemen.

Only if they are stupid enough to sell.

If anyone thought that it is was good to buy bitcoin on the way up to $20k, then these BTC optimistic folks should consider it to have been good to buy BTC on the way back down too, currently about 65% discounted (in the $6,800 price territory)... ..

Seems to me that, currently, we are in a decent time to accumulate BTC, and perhaps those who purchased BTC on the way up to $20k will be "back in black" earlier if they continue to purchase on the way down, rather than waiting out the situation?  

This seems to be a time (and an investment) that allows for pro-activity, and passivity might cause a less preferred situation, and seems to be a time to possibly own one's convictions by continuing to buy BTC on the way down...

However, I understand that part of the problem might be that some of those folks who had ben buying on the way up in November, December, and perhaps January, did not understand what they were buying, so they too soon got scared and sold their BTC when they should have been buying on the way down to lower their costs per BTC.  Perhaps?

Good time to accumulate some more BTC.. and perhaps, prepare for the future, too, no?

[van jones2594]

Bitcoin can hit 100k$, though the worth of dollar at that point... 

[The Sceptical Chymist]

Bitcoin can hit 100k$, though the worth of dollar at that point... 

Yeah, except when bitcoin was $450, people were saying that if it hit $10,000 then the USD would be in trouble.  I clearly remember people saying that, and I may have been one of them--and then bitcoin shot way past $10k. 

So I'm thinking if we get the bull back on its legs again and bitcoin did sprint past $50,000 and then on to $100k, the dollar wouldn't necessarily be in trouble.  It could very well just be speculators rushing in to buy, thereby driving the price up.  That's what I've come to think, anyway.

Right now the market seems pretty damn stagnant, but we've seen this before, just not in quite some time.  Newcomers don't have the perspective that other people have.  I'm a relative late-comer to bitcoin, but we're still so much higher than we were in 2015.

[JayJuanGee]

Bitcoin can hit 100k$, though the worth of dollar at that point...  

And?  What is your time line?  You talking 1 year, 3 years, 5 years, 10 years?    

Even though in theory, the dollar could collapse quite quickly, but those kinds of apocalyptic scenarios seem like fantasy pie in sky scenarios that have been in the making for more than 50 years...   So more realistically, the dollar is not going to collapse all of a sudden, even though there continues to be a lot of corruption that is likely not much worse, relatively than any previous time period....    

In other words, bitcoin does not need sudden dollar collapse in order to a have strong use cases and strong reasons to buy into it for its likely appreciation value.


Edit:  The Pharmacist beat me to it.... 

[Dark_raven007]

Elite, this is strongly said. Not everyone will be able to get rich. Many people come, they do not get something, they are disappointed and leave. Buy it a little. He must learn how to earn.

[freesia_pnp888]

ahahahaha i like your humor.

[Glutius]

I will hold bitcoin for a long time. The price of $ 10,000 is not the limit for him.

[Keeminakar]

It is important not just to have bitcoin, but also to be able to store and hold them. Many people in panic selling cryptocurrency in drawdown. And there are more than you think.

[Minus7point5]

Man oh man, if only there was a way to tell.  I could quite my job, leave my wife, and travel the world if i knew I would be a member of the wealthy elite status.

[Sumo]

If you bought bitcoin a few years ago, then you probably already have time to get a good benefit from it. Much less fortunate those who in this area recently, their investment has not even had time to pay off.

[chaoscoinz]

Wow this thread is a living and breathing example of how a good investment choice can pay off, especially when investing upon projects focused on innovation. The first post was made years ago, but you can see that back then investors who saw potential within the Bitcoin project almost knew it would yeild a return, due to the fields it was bound to interrupt with it's technological innovation.

[ciciteng]

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?

This guy is definitely comes from future with a time machine! 
He predicts Bitcoin price 7 years ago brilliantly.
I wonder that he/ she still owning Bitcoin from 2011-era. If he/ she does, then he/ she is one of wealthy elite as he/ she called him/ herself already 7 years ago.
What a life!

[jbreher]

Man oh man, if only there was a way to tell.  I could quite my job, leave my wife, and travel the world if i knew I would be a member of the wealthy elite status.

If you are with someone only as an expediency, u r doing it rong.

[B{o}T]

if the price move continues in the forward direction with stability even a single satoshi gets a good value. This makes most of the users depending upon bitcoin for their living at least rich if not possible to make them elite.

[reverseflash]

This topic could be ranked as nekroposting, but the author probably foresaw the mind-blowing growth of bitcoin in the future.

[wack slacker]

I think investing is just about having money and being willing to take risks to increase your assets. My notion of wealth is not only money but also knowledge, health, relationships and feelings of that person about life. I am an investor and I invest more in myself because I think I am the greatest asset.

[david tien]

It's not that simple. I don't believe anyone will get rich by buying bitcoin today, unless you have a big amount of money available to be spent. You''ll get more lucky with altcoins, some of them saw their price multiplied by 50 in a few months last year.