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

[pissedoff]

I would love it just to get to $5k a coin that would set me up pretty nicely for the next 10 years.

$5,000 a coin would set me up for eternity.

I don't own that much. But, I could retire on it probably if I don't go all out buying fancy things.

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[boumalo]

I am not only holding my btc, but also mine them using cloud mining, and I started buying more since the price is very low. I believe that the price will sky rocket once bitcoin get international recognition and more people start using it. This will take time, maybe 10 years, but it will happen and when it does we (the first investors) will be the richest people. 

Are you mining with CEX.IO or...? I'm currently investing into cex and have about 10ghs, slowly but surely and I'm planing on investing more, price is low atm.

I think the prices will keep going down and down.
I decided to sell all of my mining contract with cloud mining, because it's not profit anymore and I've got ROI so I think this is the right time.

Not a good time to make a living out of bitcoin mining ATM.
I predict the price will keep crashing to a lowest 100US dollars each in a few months time.

It could go down more before it recovers but 100$ is very unlikely amha, it is more likely it will be at 520$+ in 3months than 120$ and even more likely 620$ than 160$

[ARadzi]

I would love it just to get to $5k a coin that would set me up pretty nicely for the next 10 years.

$5,000 a coin would set me up for eternity.

You probably have a pretty amount of bitcoin to make yourself immortal.

[fabiola!]

Nah I wasn't being judgemental at all. I meant that after having the basics and a bit more for a few extras, everyone should be happy enough. Of course a few more extras would be nice. But I think there's a tipping point where too many extras could actually work against you. That's all I was saying.

But you guys still haven't answered my question..if you want to be rich, What's your main motive? (Apart from being able to have more fun and work less)
Are you trying to impress girls? Impress colleagues? Family members? Get confirmation you're not bad at business? Which one is it?? Is it something else??

I make around $60K a year and I consider myself rich; I have everything that I need, I can travel, buy stuff that I like, live in a nice house in a neighbourhood I'm in love with, save a decent amount and even waste money from time to time (especially when I'm drunk, and start buying drinks, which lead to expensive champagne...).

I'm a real advocate of the fact that money doesn't buy happiness, especially after a certain amount. Once you are comfortable, happiness comes from inside. Most people today, in this money-driven society, believe that happiness can be achieved with material things solely; the vast majority of these people will never feel they have enough.

It's not my wish to be super rich, but I'm not stupid either; I own a couple of bitcoins and I constantly work on developing skills for my career, which bring more income every year. I just think of money as one more thing. Happiness consists of multiple factors, and money is just one of them. Nothing more than that.

Yep, I agree and it's so good that you really appreciate what you have. It's "filthy rich" that bothers me, you know, the greedy types who want to be richer and richer and even when they are they never feel they have enough.

[fabiola!]

I am not only holding my btc, but also mine them using cloud mining, and I started buying more since the price is very low. I believe that the price will sky rocket once bitcoin get international recognition and more people start using it. This will take time, maybe 10 years, but it will happen and when it does we (the first investors) will be the richest people.  

If it is going to take 10 years to become the "new wealthy elite, gentlemen," then those of us aspiring for such status better have some decent will power and patience to be able to hold onto our coins for such an extended span of time.

These things tend to happen gradually. It will not take 10 years.

2-3 years TOPS, probably more like 1 year.

I think that is a reasonable amount of time to wait to be rich

Also gives you time to stock up on as many BTC as possible

Why do you guys want to be super rich so badly? What's the big deal? This is a serious question, could you guys answer why you want to be part of a wealthy elite? Don't you know the cons of being rich?

I know several of the cons about being NOT rich... for example having to work and having to pay bills and having to spend a lot of time engaged in trivial tasks that I would prefer to contract out.... and NOT having as much time or money to engage in some activities that I would prefer.

Yes in an ideal world there's no money worries and we all do whatever we want with our time. But I meant there's a difference between being rich and being comfortable. Comfortable is an acceptable wish, having not many worries, and a bit of fun here and there, a bit of travelling maybe, enough to treat yourself to something you like, etc, but RICH is a bit greedy, anyone who dreams and wishes for more than a couple of million is a PR!ck in my opinion, if you ask people everyone wants to win the lottery like 20 million, 50 million, what For?

Sounds as if you are lumping too many situations together and being overly judgmental about the desires of some people.

 Every person's level of comfort will be different.  Surely with about $1million or $2million, you can generate a fairly decent passive income from that ($3k to $6k per month); however, with $5million to $10 million the passive income will be even greater ($15k to $30k per month).   Some of us could be completely happy with a passive income of $3k per month; however, I would be more content with around $6k to $10k per month - and surely, I would likely be even more content with a bit more than $10k per month. 

Some would call $10k per month rich and some would NOT, and some would call $3k per month rich - especially if gotten from passive income.

$20 million to $50million would generate about $60k to $150k of income per month, and I agree that would be much more than what a lot of people would need to be happy - however, if a person had that kind of money, I am fairly certain that s/he would be able to figure out ways to spend it in order to strive towards increasing happiness... It is also possible that in the end, the person will NOT be any more happy with $50 million than s/he would have been with $5million... in other words, there may be a point of diminishing returns, yet that point of diminishing returns is likely going to differ from person to person.

Nah I wasn't being judgemental at all. I meant that after having the basics and a bit more for a few extras, everyone should be happy enough. Of course a few more extras would be nice. But I think there's a tipping point where too many extras could actually work against you. That's all I was saying.

But you guys still haven't answered my question..if you want to be rich, What's your main motive? (Apart from being able to have more fun and work less)
Are you trying to impress girls? Impress colleagues? Family members? Get confirmation you're not bad at business? Which one is it?? Is it something else??

To me, it sounds as if you are judging people to suggest that they should be happy to merely add a little bit to their comforts.

You have already granted that having a goal to work less and to have more fun are valid life goals, yet nonetheless, you add additional questions to suggest that people are striving for more.. such as to impress others.... In fact the impression of others will automatically come from the fact that a person is able to leave the rat race ... to work less and to have more fun.  What else is needed?  Two very valid goals.

I know, those two are absolutely valid.
The additional questions are there cause I'm curious. Some of the guys on here come across a bit greedy. So I was wondering what their motives are. Not judging anyone, just genuinely curious.

[LFC_Bitcoin]

Hope we have a good week this week.

[Natoshi Sakamoto]

Hope we have a good week this week.

What would a "good week" be like?

[MUFC]

Hope we have a good week this week.

What would a "good week" be like?

For me it would be not falling any lower.  I really don't want it to go below £200. It's saddening watching it drop. I don't care about it 'going to the moon', but I want the price to just stay stable at least.

[Elwar]

Hope we have a good week this week.

What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

[LFC_Bitcoin]

Hope we have a good week this week.

What would a "good week" be like?

For me it would be not falling any lower.  I really don't want it to go below £200. It's saddening watching it drop. I don't care about it 'going to the moon', but I want the price to just stay stable at least.

A good week would be getting to around £250.

And United losing next weekend

[LFC_Bitcoin]

Hope we have a good week this week.

What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

Come on!!!!!

I haven't been signed up here long but I've been involved in BTC for a while, nobody is stupid enough to believe we'll hit 10,000 USD any time soon.

Maybe in 5 or so years.

[Hackaday]

Hope we have a good week this week.

What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

  If you are right you are going to get worshipped by everyone

[LFC_Bitcoin]

$10,000 by Friday.

You saw it here folks.
[/quote]


  If you are right you are going to get worshipped by everyone
[/quote]

He's trolling

[joeventura]

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.

[lightningmccoin]

Hope we have a good week this week.

What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

Who are you nostradamus?

[pissedoff]

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.

Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.

[Piston Honda]

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.

As positive im trying to be about BTC mooning, or at least seeing some GOOD rise, I think this guy above is right

[pissedoff]

Thought I would remind people of this prediction that was predicted to happen in 2016. Now things have changed what's your prediction for 2016?

[BitChick]

Thought I would remind people of this prediction that was predicted to happen in 2016. Now things have changed what's your prediction for 2016?

Just because we are below the trend line does not mean that the trend line is not still accurate.

I predict $100,000 for 2106. 

[fabiola!]

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.

Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin.... or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.

I lost thousands via BFL like a lot of ppl on here. Are you saying maybe that will pay for itself if the bad press makes a good effect in the long run? I guess it's a possibility although I havent seen any press on this BFL fiasco just yet.