Hey guys,
I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.
It's not going to be easy for a guy from a 3rd world country to gather 100 BTC. This plan sounds a lot like this, to me.
Phase one: Gather 100 BTC
Phase two: ??
?
??
Phase three: Profit.
Except it's not phase two that is properly unknown but phase one that I don't get how they're planning to achieve.
But yeah. Why not.
As for me, I'm playing faucet games. That's my plan to get rich. Oh yeah. I'm not in a hurry. Mao Tzedong said that the old fool who wants to move a mountain can do so, provided that he has enough time. Watch out, for in a millenium or two I'll be a bitcoin millionaire because of faucets.
with less people mining, then the offer decreses and the price goes up!
I don't quite get your logic there: with less people mining the mining difficulty decreases, which brings in more miners. That's all you can say. But the offer is not supposed to move.