Is this Forum full of 'normal people' who over the years became filthy rich?

[Roccker]

Hi there

I was thinking
Bitcoin must have created a biiig amount of new millionairs, doesn't it?
I mean people who got interested in bitcoins early, liberals, doomsday government critics, criminals and drug users who used silk road, normal poor people like me. There must be a vast amount of cracy stories of people finding themselves filthy rich.
Did you get rich? Would be very interested in stories.

Mine:
I invested about 10k in bitcoin at about 600 usd, that was about 4 years ago. Was all my money at that time, i saved it in the 6 years before that. Read some book about where to safely invest that did not mention bitcoin at all, then i saw video about bitcoin and put money there.
Then it went lower for more than a year, down to 200usd. When it finally went over 600 again, i sold 1/3rd, argh
So it's about 8x to 80k now. Great stuff, but 80k is not exactly big money. (But it's big compared to my income, it's about 8 years of my salary actually)
Stupidly i did not put my money i saved in these years into bitcoin.. i just did put it again into Bitcoin recently - i decided to go all in again. The bet is that bitcoin goes to 7k or above in next 5 years. (If it goes below 3500 i start to lose my not-yet-realised wins, if it goes to 7k i will have 200k, if it goes to 15k i will have 400k; - 200k and 400k (euros) means different amounts of financial freedom for me: of not 'having' to work to just survive, but to have income through just having money. (6% interest of 200k is 12k euros per year. I can live off that)

[Odalv]

Invest only the amount you can afford to lose. Otherwise, Bitcoin will destroy your personality.
There are only 2 results ... Bitcoin drops to zero or will be worth $ 1,000,000.

Wait 10 years and you will be "filthy rich" or nothing will change (if you invested only amount, you can afford to lose) :-)
There are less than 500,000 person in the world who own 10 BTC.

There are more millionaires than ever in the United States. As of the end of 2016, there were a record 10.8 million millionaires nationwide, according to a new study from Spectrem Group's Market Insights Report 2017. That's more than ever before and marks a 400,000 person increase from the previous year.

[gentlemand]

The people who got rich in recent years, say post mid 2013, would really have to have jumped into alts in a major way unless they piled in a suicidal amount into BTC. Even then they still would've depended on the right timing. Lots sold far too early with alts too. ETH was 50c for a good while, LTC sub $1, XMR 25c and that's when BTC was still in the hundreds of dollars.

I think we'd be surprised how few people timed it perfectly and how outrageously well a select few have done out of pure luck.

10k in 2013 was a lot and indeed still is. I dunno how many people would've gone further in.

[btcbeliever]

I got in early 2013 with cost basis per bitcoin between $10 and $25.  I bought more than $10,000 worth, but don't want to say here how much.  I went nuts that first year - especially that first runup to $250 than crash to $50 at Mt Gox.    Got everything out of Mt Gox in time, but I sold like half my holdings that first few months, which I deeply regret.

Now, bitcoin has changed my life.  I retired from my career as a software developer all because of bitcoin.  Holding still, for greater gains going forward.  I sold bigger chunks off when it finally got above  $1200 again (those were a long 2-3 bear market years to wait).

Am I normal.  No, I don't think so  -  I take more risks than the normal person, I think.  Bigger risk, bigger gain.  Always wanted to make a killing in investments, and made lots of bad ones during my lifetime.  Finally i found one that paid off!

I tell people I think the next 4 years will be just as profitible as the last 4 years, for the same starting investment.  But you really need long-term vision, patience, and belief in bitcoin.  Otherwise you never will be able to hold through those wild price swings.  Not everyone is cut out to be patient and have faith that is required.

[leowonderful]

No, I joined in 2014, held solely BTC ( a small amount ) and continue to do so. I don't regret not investing into alts when they were cheap at all, nor do I regret not buying as much BTC as others here have. Bitcoin's definitely got a future, and although I may never be filthy rich from it,  that doesn't mean I can't watch it grow. I'll be part of the story, at least a little bit.

[Chris!]

I've never put that much money into bitcoin. I pretty much exclusively earn them and HODL. I'm doing really well considering those facts but I wouldn't say I'm rich by any means. I never really got into altcoins until recently, and even then I don't have too much invested, so I still don't have a huge stockpile. As long as you have true financial freedom I don't think the actual amount that you own really matters in the end.

[The Sceptical Chymist]

I suspect there are, but if these millionaires are smart they wouldn't hang around bitcointalk anymore!  If I had a million in crypto, I'd be out on the beach somewhere, not reading shitpost after shitpost here.

I've heard there was a time that faucets used to pay out whole bitcoins per claim.  That's incredible to me.  You just never know where any given crypto is headed, price-wise.  That's why I'm still a sucker and claim free doge and bitcoin from one faucet that I like.  It's a time-wasting exercise but I have a lot of time to waste.

Sig campaigns used to pay out huge amounts of bitcoin, too, if I'm not mistaken.  Maybe some of the old-timers can attest to that.

[NewBet]

I suspect there are, but if these millionaires are smart they wouldn't hang around bitcointalk anymore!  If I had a million in crypto, I'd be out on the beach somewhere, not reading shitpost after shitpost here.

I've heard there was a time that faucets used to pay out whole bitcoins per claim.  That's incredible to me.  You just never know where any given crypto is headed, price-wise.  That's why I'm still a sucker and claim free doge and bitcoin from one faucet that I like.  It's a time-wasting exercise but I have a lot of time to waste.

Sig campaigns used to pay out huge amounts of bitcoin, too, if I'm not mistaken.  Maybe some of the old-timers can attest to that.

Buddy, literally most of your posts contain the word "shit". You are the literal definition of a "shit"poster.

How can you be THAT blind?! Seriously do you not see how bad your posts are? Over half of them contain curse words, are extremely over-aggressive in nature to the point of being extreme bullying and quite frankly I don't know how you have not been banned yet. I mean any one who reads your posts clearly sees how incredibly uncalled for your attitude is.

Trying to claim otherwise is next to impossible as you would need to delete almost all of your posts. I dare you to delete every post of yours which contains the word "shit" or "fuck" and your account would drop back down to Full Member! You ought to be ashamed of yourself, whoever you are.

[LeGaulois]

There are surely some members who got a huge success with Bitcoin and now live a confortable life and why not millionaires, but in this case they don't have any reason to be here anymore and it is understable.And they surely won't come again to tell it publicly. . So far I am on the waiting list lol.

I suspect there are, but if these millionaires are smart they wouldn't hang around bitcointalk anymore!  If I had a million in crypto, I'd be out on the beach somewhere, not reading shitpost after shitpost here.

I've heard there was a time that faucets used to pay out whole bitcoins per claim.  That's incredible to me.  You just never know where any given crypto is headed, price-wise.  That's why I'm still a sucker and claim free doge and bitcoin from one faucet that I like.  It's a time-wasting exercise but I have a lot of time to waste.

Sig campaigns used to pay out huge amounts of bitcoin, too, if I'm not mistaken.  Maybe some of the old-timers can attest to that.

Buddy, literally most of your posts contain the word "shit". You are the literal definition of a "shit"poster.

How can you be THAT blind?! Seriously do you not see how bad your posts are? Over half of them contain curse words, are extremely over-aggressive in nature to the point of being extreme bullying and quite frankly I don't know how you have not been banned yet. I mean any one who reads your posts clearly sees how incredibly uncalled for your attitude is.

Trying to claim otherwise is next to impossible as you would need to delete almost all of your posts. I dare you to delete every post of yours which contains the word "shit" or "fuck" and your account would drop back down to Full Member! You ought to be ashamed of yourself, whoever you are.

If you think that "shit" and "fuck are extremely aggressives, I advice to go out sometimes  and stop living in your bubble

[pooya87]

not really because of a couple of reasons.
- people invest smaller amounts that they can afford to lose. you don't suddenly become a millionaire by doing that.

- most people don't hold their coins for long term. they sell at some point, usually because of fear or some FUD or the other and they miss out on the bigger rises. i have been around since 2014 and each time there is a rise everyone says "this" is the end. and price is still rising to this day.

- many are losing money. you are just looking at the prices but not what people do. there are so many who keep buying high and sell low. they wait around for a fall to $2000 for example but it never happens then price goes up and up and up then they buy at $4800 and price goes a little higher and then it reverses and falls to $3000 now they sell and wait for $2000 again and it never happens and price keeps going up and up and up again until they buy back at $5800 and price reverses and falls down to....... you see what i am getting at.

[Livermore]

It is not a good idea to let people know your newfound wealth. Most of the forum members since 2012 are multimillionaires now. I know a few worth 8 figures. Nobody talks about it, except to each other. People can get unpleasant around money

Interesting note, everyone who cared only about the technology bought early and got rich, everyone who cared only about getting rich bought the top and got poor.

[The Sceptical Chymist]

I suspect there are, but if these millionaires are smart they wouldn't hang around bitcointalk anymore!  If I had a million in crypto, I'd be out on the beach somewhere, not reading shitpost after shitpost here.

I've heard there was a time that faucets used to pay out whole bitcoins per claim.  That's incredible to me.  You just never know where any given crypto is headed, price-wise.  That's why I'm still a sucker and claim free doge and bitcoin from one faucet that I like.  It's a time-wasting exercise but I have a lot of time to waste.

Sig campaigns used to pay out huge amounts of bitcoin, too, if I'm not mistaken.  Maybe some of the old-timers can attest to that.

Buddy, literally most of your posts contain the word "shit". You are the literal definition of a "shit"poster.

How can you be THAT blind?! Seriously do you not see how bad your posts are? Over half of them contain curse words, are extremely over-aggressive in nature to the point of being extreme bullying and quite frankly I don't know how you have not been banned yet. I mean any one who reads your posts clearly sees how incredibly uncalled for your attitude is.

Trying to claim otherwise is next to impossible as you would need to delete almost all of your posts. I dare you to delete every post of yours which contains the word "shit" or "fuck" and your account would drop back down to Full Member! You ought to be ashamed of yourself, whoever you are.

OMG, I got told off on the internet!  I'm going to go cry in a corner now and reevaluate my life.

....or not.  Too bad you don't like my style.  You would censor my words?  This is the internet dude.  Suck it up and join a convent if you can't handle it.  They don't ban these idiots who speak no English whatsoever,  so I'm not expecting to get a ban anytime soon.   

There is an "ignore" button here, so I suggest you use it.

[Fortify]

Mine:
I invested about 10k in bitcoin at about 600 usd, that was about 4 years ago. Was all my money at that time, i saved it in the 6 years before that. Read some book about where to safely invest that did not mention bitcoin at all, then i saw video about bitcoin and put money there.
Then it went lower for more than a year, down to 200usd. When it finally went over 600 again, i sold 1/3rd, argh
So it's about 8x to 80k now. Great stuff, but 80k is not exactly big money. (But it's big compared to my income, it's about 8 years of my salary actually)
Stupidly i did not put my money i saved in these years into bitcoin.. i just did put it again into Bitcoin recently - i decided to go all in again. The bet is that bitcoin goes to 7k or above in next 5 years. (If it goes below 3500 i start to lose my not-yet-realised wins, if it goes to 7k i will have 200k, if it goes to 15k i will have 400k; - 200k and 400k (euros) means different amounts of financial freedom for me: of not 'having' to work to just survive, but to have income through just having money. (6% interest of 200k is 12k euros per year. I can live off that)

It sounds like you invested well and it paid off unexpectedly. Beware that Bitcoin can drop again, it might just sound like scaremongering but you never know what tomorrow will bring. You may get lucky and multiply it again, but it'd be wise to cash out a certain amount and put it into very low risk (low return) savings. That way you'll have some money safe if the price drops.

[JimboToronto]

Is this Forum full of 'normal people' who over the years became filthy rich?

That's a loaded question.

How do you define "normal"? Are normal people into cryptography?

What do you consider to be "filthy" rich? More than $100m USD?

What is "full"? I'm sure a few innovators and very early adopters hold tens or hundreds of thousands of bitcoins, but they are a very tiny minority.

Anyone with a few hundred coins is now a millionaire but that doesn't make you rich in any developed country. $1m won't even buy you a decent house in downtown Toronto. I'd consider $10m to be the minimum to be considered rich.
_____

Indeed there are quite a few people here who have saved up enough coins to become comfortable or even to be considered rich in some 3rd-world countries, but they don't represent the majority. Not yet anyhow.

[tokeweed]

The people who got 'filthy rich' are prolly not logging in at forum anymore.  Why would they waste their time talking to people who are shilling or scamming or are just plain clueless.

We are prolly beneath them now. 

[JanpriX]

Did you get rich? Would be very interested in stories.

Up until today, I'm still not rich by any means but my financial status has been in an uptrend behavior lately as I'm gaining profit after profit (small amount of money only) due to Bitcoin's rising price and due to my successful trades. I became interested to BTC last 2014 and only bought very small fraction of it to see if this "investment" would become something after many months. Well, nothing much came from it but I experienced some change last 2015 when it began to climb again. After that, I decided to put a portion of my salary (from my day job) on a bi-weekly basis and became very happy to the outcome of it. I'm hodling my BTCs and hoping to see it break $5k soon.

[Kprawn]

Nope the majority of the people who hang around here are not filthy rich. Bitcoin is only a small part of my investment

portfolio. I still consider Bitcoin as a high risk investment and for that reason I only invested a small amount. Over the years

I reached ROI status on my Bitcoin investment and now I am risk free. {Whatever I lose now, will come from my profits} 

[glennmatthew]

No, I joined in 2014, held solely BTC ( a small amount ) and continue to do so. I don't regret not investing into alts when they were cheap at all, nor do I regret not buying as much BTC as others here have. Bitcoin's definitely got a future, and although I may never be filthy rich from it,  that doesn't mean I can't watch it grow. I'll be part of the story, at least a little bit.

lovely vision dude, your post inspired me in a way

big up bro!

[slyfox]

Hi there

I was thinking
Bitcoin must have created a biiig amount of new millionairs, doesn't it?
I mean people who got interested in bitcoins early, liberals, doomsday government critics, criminals and drug users who used silk road, normal poor people like me. There must be a vast amount of cracy stories of people finding themselves filthy rich.
Did you get rich? Would be very interested in stories.

Mine:
I invested about 10k in bitcoin at about 600 usd, that was about 4 years ago. Was all my money at that time, i saved it in the 6 years before that. Read some book about where to safely invest that did not mention bitcoin at all, then i saw video about bitcoin and put money there.
Then it went lower for more than a year, down to 200usd. When it finally went over 600 again, i sold 1/3rd, argh
So it's about 8x to 80k now. Great stuff, but 80k is not exactly big money. (But it's big compared to my income, it's about 8 years of my salary actually)
Stupidly i did not put my money i saved in these years into bitcoin.. i just did put it again into Bitcoin recently - i decided to go all in again. The bet is that bitcoin goes to 7k or above in next 5 years. (If it goes below 3500 i start to lose my not-yet-realised wins, if it goes to 7k i will have 200k, if it goes to 15k i will have 400k; - 200k and 400k (euros) means different amounts of financial freedom for me: of not 'having' to work to just survive, but to have income through just having money. (6% interest of 200k is 12k euros per year. I can live off that)

Your strategy is good, but you must understand that many people sold when the price was much lower, the temptation to sell becomes too great, if you bought for 50 cents and bitcoin is worth 10 dollars then most people would have sold, only a few kept holding for a long time.

[FrankNoland]

Hi there

I was thinking
Bitcoin must have created a biiig amount of new millionairs, doesn't it?
I mean people who got interested in bitcoins early, liberals, doomsday government critics, criminals and drug users who used silk road, normal poor people like me. There must be a vast amount of cracy stories of people finding themselves filthy rich.
Did you get rich? Would be very interested in stories.

Mine:
I invested about 10k in bitcoin at about 600 usd, that was about 4 years ago. Was all my money at that time, i saved it in the 6 years before that. Read some book about where to safely invest that did not mention bitcoin at all, then i saw video about bitcoin and put money there.
Then it went lower for more than a year, down to 200usd. When it finally went over 600 again, i sold 1/3rd, argh
So it's about 8x to 80k now. Great stuff, but 80k is not exactly big money. (But it's big compared to my income, it's about 8 years of my salary actually)
Stupidly i did not put my money i saved in these years into bitcoin.. i just did put it again into Bitcoin recently - i decided to go all in again. The bet is that bitcoin goes to 7k or above in next 5 years. (If it goes below 3500 i start to lose my not-yet-realised wins, if it goes to 7k i will have 200k, if it goes to 15k i will have 400k; - 200k and 400k (euros) means different amounts of financial freedom for me: of not 'having' to work to just survive, but to have income through just having money. (6% interest of 200k is 12k euros per year. I can live off that)

Its a good thing to realise that you have made profit from your intial investment , that quite a good amount. Its good to see that managed to go in earlier, a lot of investors missed the train.

It would be a good idea to hold on to your bitcoins, and maybe consider investing in a few altcoins, you might end up making even more profit.