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Author Topic: According to the Ceo of coinbase 1 BTC can actually change your life.  (Read 646 times)
Gotumoot
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November 21, 2019, 04:34:10 PM
 #41

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.
1 Bitcoin is a big deal to me its value in our money here in my country is almost half a million that it can buy a car or build a home. And if there is a chance that I will earn this much I will not miss it and will make sure that I use it in the right way that will help me to grow this money even more.
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November 21, 2019, 04:42:18 PM
 #42

As bitcoin is a volatile Asset and if we think one bitcoin will change our life is that actually right, will it actually change.

For some extent its right, now bitcoin is becoming higher and growing. Some are surviving with these bitcoin only.

Those people who are using daily bitcoin with their daily needs for them it is really very good news.

As bitcoin is growing higher if it continues the same in the future then yes one bitcoin can actually change your life.  

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November 21, 2019, 04:47:59 PM
 #43

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.
Invest only what you can afford to lose because no one knows what will happen tomorrow, if you can afford 1 btc then go for it, i belief that 1 btc will cost alot in near future, patience and persistent is the winner's way

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November 21, 2019, 04:48:13 PM
 #44

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.

This is why I am very sad I was forced to use my bitcoin at the beginning of this year when I had 1.6 btc now I have less than 0.10 I had to pay for things and I didn't want to sell but I had to. This is why I try desperately to make as much more as I can. I want a whole bitcoin again. So I diversify and work at many different places at once. I get paid in bitcoin this is why I always sell and not buy.

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November 21, 2019, 04:49:49 PM
 #45

1 Bitcoin is really now expensive compared before hence this will really a huge impact in someones who holding this amount. Besides, if you keep holding this for a long time this could possibly make you millionaire and use to purchase a real estate. Bitcoin is now half a million in our country that is why this will be a real deal.

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November 21, 2019, 05:13:43 PM
 #46

I think this is his exact words:
<snip>
Thanks for quoting that.

For one thing, I wouldn't expect the CEO of Coinbase to say anything different--they're in the business of selling bitcoin, so it makes sense he'd make a bullish statement like this.

But the other thing is that it's very true.  Even now, with bitcoin's price tanking, owning a whole bitcoin still could be life-changing for people in poorer countries.  I'm pretty sure there are places in this world where $7500 is more than a year's wages.  Even for a person struggling financially in a developed country like the US, Canada, or somewhere in Europe, that amount of money could definitely get them out of a hole. 

The problem the CEO is not mentioning is that for the above population, getting that 1BTC in the first place is probably not an option.  For people who aren't struggling, owning that 1BTC might not ever be life-changing unless bitcoin's price shoots up to $100k or $1 million, and who knows if and when that's going to happen.  Most of it has to do with demand, and there's no guarantee that demand for bitcoin is always going to be high.  I hope it remains high, but nothing is certain.

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November 21, 2019, 05:28:43 PM
 #47

I certainly would agree to his statement. 1 btc isn't jist a small amount, especially when bitcoin finally reaches its peak or highest point. Here in my country, which is a third world country, when you convert 1 btc, you already do and buy a lot of things there, what more if the price increases. It can really change your life depending on how arr you gonna use it. A lot of people and families here are struggling to survive, and holding a bitcoin is enough for them to supply their needs.
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November 21, 2019, 05:36:59 PM
 #48

That statement (title) depends on how much 1 BTC is worth.
Imagine if it was back in cents days where nobody knew what it would become.
You need to be positive and informative about how 1 BTC can turn into some gold mine.

As for instance today worths 8k tomorrow will be around 20k. It really depends on the day you decide to buy / sell.
So for sure it can change your life depending on the event timeline. It's a matter of luck or proper decision.
Also getting self aware of whats going on at the world's markets (capitals) makes you a better victim of sucess.

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November 21, 2019, 08:12:25 PM
 #49

Looking at the fact that the yearly average price of Btc keeps increasing, and that cryptocurrencies are are one of the best performing asset classes(better than coins), holding at least one btc is definitely a good idea, even if it's merely out of speculation.  Looking at its past performance, it'll definitely be a good investment.

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November 21, 2019, 08:44:42 PM
 #50

For one thing, I wouldn't expect the CEO of Coinbase to say anything different--they're in the business of selling bitcoin, so it makes sense he'd make a bullish statement like this.

Bizarre as it seems, that's the first faintly complimentary thing he's said about Bitcoin in many, many years. It's the first time he managed to utter the word in public in many, many years.

I presume Satoshi boned his mother and dumped her because I can't really think why the CEO of the one of the world's biggest Bitcoin companies dislikes it so much.
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November 21, 2019, 11:16:20 PM
 #51

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.
Earning 1 Bitcoin might be a big deal to a lot of people even for me, in my whole thing in cryptocurrency i don't even earn a amount like 1bitcoin so i thing earning this amount is really a life-changing to a lot of people also the bitcoin market price as we all know is so volatile a lot of people have no problem investing in bitcoin but as we know the market price is already high so we cannot buy a big volume of bitcoin that could make high profit when the market price pump. So definitely investing or holding 1 bitcoin will surely give you a high profit for long term investment but also you need to consider the time that you are wasting in investment if I am the one to decide I might just end up investing the 1 bitcoin in a passive income.

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November 21, 2019, 11:26:18 PM
 #52

in my opinion, that opinion is only for people whose minds are short. for 1 btc can change someone's life is for me not too able, just adding to the sufficiency may be, does not mean our lives immediately change .. that is the wrong opinion. !!

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November 21, 2019, 11:38:25 PM
 #53

Quote
According to the Ceo of coinbase 1 BTC can actually change your life.

Considering the total supply of bitcoin, 1 bitcoin might be able to change the life of someone but not everybody.  Bitcoin might have the possible of becoming worth $100k per 1 bitcoin and also it has the potential being worth less than $5k. You can't really conclude that Bitcoin can change the life of everybody.  Well, that is the opinion of the CEO of Coinbase and since we are living in a world where people are entitled to their person opinion, lets just leave it as it is.
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November 22, 2019, 12:34:30 AM
 #54

1 Bitcoin is worth $ 7500 which is a great asset for many people.  In poor countries in Asia and Africa, it can help them build a house to live in.  But the world has 8 billion people and we can't have enough Bitcoin for everyone.
If you currently invest 01 Bitcoin at $ 7500 in the future you can get a profit of either x2 or x3 times now.

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November 22, 2019, 12:50:41 AM
 #55

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.
But how to earn 1 btc to change our live? for investing we need money and joining free way to earn altcoin like bounty campaign and airdrop project is not enough how to receive 1 btc, did you have ideas how to earn 1 btc to change our live and using for investment. Better give way how to get 1 btc without give feature after having 1 btc in our wallet, keep make safety with bitcoin and altcoin to get profit later.
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November 22, 2019, 01:09:08 AM
 #56

Who risks nothing has nothing. It could happen again be ready or not.

It can't applied to all the people in society. We are living in different standards.

Taking the risk is not a joke for an average guy who just earned enough for daily living. The risks of hodling will take several years in the process so basically, the amount that will put in BTC should consider as a loss since it will be idle for a long time.

As much as possible, I never suggest to anyone, especially those who don't have knowledge about bitcoin, to buy bitcoin and someday they will have a good profit in return. It's kind of, forcing them into something that might put them instead into depression once they can't handle the risks of hodling.

Of course, I like everyone, at least, to take part in accumulating BTC no matter the standard of their life. However, it's not as easy as what we think even how positive we are in the future of BTC. Instead, I will try my best to educate them if ever they ask for some guidance so that they can think outside the box on how they can save little by little so that they will see from themselves if BTC1 can actually change their life in the future.

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November 22, 2019, 05:07:52 AM
 #57

Brian is just interested to get more money in his pocket, and despite his positive attitude, the idea of "open financial systems" is not something Coinbase can promote as centralized company working under US law.
His articulating openly that he intends to support open finance does mean something, even if it is under the US Law.I don't think mass adoption will come or that cryptocurrency will fulfill its promise without co-opting the existing systems in some way.
Again, using the "More money in his pocket" argument is very Socialist to me. Even Satoshi holds keys to a million BTC, Right?

The problem of you and most others here in the forum (or in general) is that you admiring individuals who do nothing but get rich under the slogan "We are for Bitcoin!. What Brian is saying is that we need to buy more Bitcoins so he and his mates can get more money from fees.
You took it as a personal attack so I accept your reply. Yet, My problem isn't like most others in the forum. I am not an early adopter and  couldn't care less after the intial 2017-18 craze whether BTC or crypto makes me rich or not. This is just one of the many things I'll need to do as an individual if i ever hope to get rich.

One man is nothing, strength is in numbers - at least Satoshi was aware of this, which is why he decided that an individual should never be above the project as a whole.
LOL, Thanks for the quote. Hail the proletariat..
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November 22, 2019, 11:24:25 AM
 #58

1 btc is not really huge amount of money but it's not low amount because if i convert it to my local currency i can buy several important stuffs for my life and to change someone life 1 btc isn't enough for me but indeed if i having at least that amount and hold it for next several years then i'm very optimistic the value will be increase compare to the current price

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November 22, 2019, 12:19:31 PM
 #59

I wouldn't dispute the fact by coinbase Ceo that hodling 1 BTC could change the hodler's fortune or life, if early investors could endured and hodl for a long term fortunately or luckily for them 2107 was a remarkable year for those hodlers, I also foresee another great opportunities for the present hodlers as the the demand for bitcoin grows and becomes scarce in the future invariably its price would pump to a new highest high.

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November 22, 2019, 12:27:52 PM
 #60

Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.

You're right. The crypto sphere is gradually developing and has every chance of becoming super profitable within 5 years. HODL is reasonable advice, I support it
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