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Author Topic: According to the Ceo of coinbase 1 BTC can actually change your life.  (Read 550 times)
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November 22, 2019, 12:31:25 PM
 #61

I don't think so, if I have 1 BTC it's only enough for my living needs for 3 months it can't change my life to have a house or anything, but unfortunately I have difficulty getting 1 BTC from my job as a bounty hunter, but I will buy it if bitcoin cheap under $ 100, I don't think it will be possible for the price to drop below $ 100 so I will continue to raise funds to hold 1 BTC later

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November 22, 2019, 12:52:59 PM
 #62

I think this is his exact words:

Quote
For better or worse, I do think owning one whole Bitcoin will increasingly become a big deal. Only 21M will ever be produced, and some people already own much more than one.

https://twitter.com/brian_armstrong/status/1165307728740270080

Obviously, for majority of bitcoin enthusiast we really think that eventually the price will go to the moon in the next coming years. But for no-coiner, it's hard to preach that because they don't understand what HOLDing means. Owning 1 BTC is not that hard, and newbies think that they have to invest 1 BTC quick. But for me the approach is that you should invest what you can afford to lose, maybe you can buy just a portion and in no time you could be a member of 1 BTC club.

That's the reason why bitcoin can't go to the moon, some people have too much, they are the whales who can manipulate bitcoin price whenever it rise.
BTC1 equal to $7461 at current price will reach probably $100K in the next few years, but who have the patience to buy and wait for such a long time while ignore all the temptation whenever the price spike up?

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November 22, 2019, 01:07:50 PM
 #63

I don't think so, if I have 1 BTC it's only enough for my living needs for 3 months it can't change my life to have a house or anything, but unfortunately I have difficulty getting 1 BTC from my job as a bounty hunter, but I will buy it if bitcoin cheap under $ 100, I don't think it will be possible for the price to drop below $ 100 so I will continue to raise funds to hold 1 BTC later

Well, I think everything depends on the geographic location and the method in which we use that bitcoin, if you are in a developed country, with the need for life to be so high, a bitcoin cannot really change anything, conversely, when in a country with a low cost, a bitcoin can change a lot of things.  However, using bitcoin for the sake of maintaining costs and daily life is not the ideal purpose, we should use it for purposes such as investing and optimizing income streams with bitcoin, a bitcoin is a large amount of capital to start a new income stream.

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November 22, 2019, 01:17:50 PM
 #64

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.

Possession of 1 Bitcoin symbolizes the path of liberation from centralization. And every year this will be encouraged both financially and physically. Freedom, independence and wealth are what Bitcoin gives. Perhaps this is exactly what Amstrong’s message means
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November 22, 2019, 01:44:21 PM
 #65


Again, using the "More money in his pocket" argument is very Socialist to me. Even Satoshi holds keys to a million BTC, Right?

Compare one Brian of Coinbase with Satoshi Nakamoto is beyond any common sense, and that means you think Satoshi has made Bitcoin for his own personal gain? Satoshi holds by some a significant amount of coins, but only because he was the first to start mining. He did not spend single satoshi from that, and we all benefit from that today - 1 million less coins on market.


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.

I don't think I attacked you on a personal level, I just reacted to your statement that it is sad people like me (you use term veterans) thinks different from you. I would not say that "to become rich" one day is not a tempting idea, but BTC is actually much more than that, power and financial independence for anyone who does not want to depend on banks and corrupt governments.



LOL, Thanks for the quote. Hail the proletariat..

You can laugh as much as you want, you laugh at the very idea presented by Satoshi Nakamoto.

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November 24, 2019, 07:25:58 AM
 #66

Bitcoin investing requires an iron stomach, but it's easy to get an iron stomach if you can grasp a firm understanding of how and why Bitcoin works. Once you've crossed this mental threshold you realize the price today or tomorrow doesn't matter, you just know you must accumulate as much as you reasonably can before wide spread adoption. I remember reading posts like these in 2015-2016 as morale boosters. They still make me feel bullish and that bitcoin is still cheap at $7,200. If you can manage to accumulate 1 coin or even 0.5 bitcoin and hold it for 10 years you will have a lot of purchasing power.

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November 24, 2019, 10:52:54 AM
 #67

1 satoshi can be equal to 1 cup of starbucks coffee in the future or a ticket for different sports events Cheesy.

There is a video on youtube and he stated there that 0.003 BTC can change your life already and he said that 1 BTC. I agree on him but lesser than 1 BTC can also changed your life but it requires many patience because you need to hold Bitcoin for a long time to achieve it. If 1 BTC = 1 person then only ~17 Million will become rich (considering some of the Bitcoins are inaccessible + the 1M of Satoshi which is now cannot access too).

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November 24, 2019, 11:51:44 AM
 #68

One bitcoin is really big and also a potential life saver. Specially if you live in country where USD have high rate like here in my country, converting bitcoin to usd then to local currency always give me more profit.
Bitcoin is still maturing and once it is fully matured we can see its true potential.

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November 24, 2019, 01:43:58 PM
 #69

One bitcoin is really big and also a potential life saver. Specially if you live in country where USD have high rate like here in my country, converting bitcoin to usd then to local currency always give me more profit.
Bitcoin is still maturing and once it is fully matured we can see its true potential.

Even not in the future, even if someone gave you 1 Bitcoin today, it will be a life changing for you as you can already use this to start a small business, just like here in our country, it is already a big thing, so if given the chance to have 1 Bitcoin today, will just invest only 20% to retain in Bitcoin and will cash out the 80% and will use it for traditional business.




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November 24, 2019, 02:24:50 PM
 #70

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
Indeed, if you have enough knowledge and patience then it will be a good opportunity for you to have a better future. It actually depends on the person because if you know how you can properly use it then probably you are capable on making huge profit from it, just apply the things that you have learn to make wise decisions. You can't just underestimate it's value of bitcoin because it can be still profitable particularly when you know how to manage investments. 1 btc means a lot for people who are really determine to be successful.

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November 24, 2019, 02:33:01 PM
 #71

 Grin even according to me too the bitcoins is amazing when it comes to ups and downs and people don't understand it that well but they could actually get a good amount if they invest at the right time , if someone buys bitcoins during the time of low then one can only imagine how much profit they would make even if they sell it in 1-2 days , this is what trading is , buying at the right time and selling at the highest.

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November 24, 2019, 02:41:22 PM
 #72

Grin even according to me too the bitcoins is amazing when it comes to ups and downs and people don't understand it that well but they could actually get a good amount if they invest at the right time , if someone buys bitcoins during the time of low then one can only imagine how much profit they would make even if they sell it in 1-2 days , this is what trading is , buying at the right time and selling at the highest.

It's all about timing, it is really good to have 1 btc but to be able to grew it more is a risky as of this time the market been too volatile and dump and pump happens unexpectedly for no reasons.  It's better to do day trading too for some alts that we don't sure if will last long in the market. Keep learning in crypto is a good investment too.

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November 24, 2019, 02:56:40 PM
 #73

The same CEO told you that if you sold Bitcoin at 15k$ you should slap yourself and now , look at price , was he right ? Not at all. If Bitcoin trends continues on the same path like before , a simple math formula will give you the same results without being necessary to consult CZ Binance twitter. If you own 1 Bitcoin , you're supposed to be in top of the world one day, being a lucky person who own a full Bitcoin but regarding wealth its all about the price in the end.

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November 24, 2019, 03:29:58 PM
 #74

I don't think so, if I have 1 BTC it's only enough for my living needs for 3 months it can't change my life to have a house or anything, but unfortunately I have difficulty getting 1 BTC from my job as a bounty hunter, but I will buy it if bitcoin cheap under $ 100, I don't think it will be possible for the price to drop below $ 100 so I will continue to raise funds to hold 1 BTC later


You don't get it. 1 BTC can change your life because in the next 5 years it can easily go to 50k USD. This means that a 7k investment can turn to 50k or even 100k. While 7k is not much 100k would be life changing money for most of us "normal" people. In most parts of the world you can get your own apartment or even a small house for 100k. Going from living with your parents to having your own place is very important.
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November 24, 2019, 04:20:56 PM
 #75

1 Bitcoin here in my country is huge amount of money if I convert it in fiat. Because it costs half a million pesos or can afford to buy own house and lot.  So 1 Bitcoin is very hard to get rid of and even in the long term I have been in bitcoin I have never experienced to earn 1 bitcoin or accumalute this kind of earnings.
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November 24, 2019, 04:39:31 PM
 #76

Bitcoin definitely huge potential to achieve those higher/crazy numbers for the average joe that McAfee and others in the industry are talking about. Just going from simple fundamentals like the law of supply and demand and looking on the price history graphs we can notice that Bitcoin is an appreciating asset over time. Halving is coming, that means the supply flow will be impaired. You're probably aware that had major positive impact on the price in the past so why won't it have now? It's not like BTC price would be worth millions and people could not afford to buy it. lol
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November 24, 2019, 04:53:26 PM
 #77

Even without looking into the future which a lot of people believed bitcoin would become extremely valuable because of the limit if the 21 million cap, as at today, 1btc could actually turn a life around depending on the country you are currently. For people in the well developed economy, it might not make much difference as a $7k might not even be enough for your schooling talkless of setting up a business but that money equivalent in local currency in some countries would get one an apartment, an average car and could even get you a small business to start from. So yea, 1btc can make a difference.
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November 24, 2019, 05:44:05 PM
 #78

Never had the thought of 1 decade but I became even more optimistic than before reading that, but I might be already busy in my job so all these coins I am hodling might be forgotten but not the private key of course. I wonder how does it feel to be one of those people who hold 50 BTC before wherein it was like worth quite few bucks.  Cheesy

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November 24, 2019, 07:36:16 PM
 #79

1 btc has already changed my life, so I believe him. We should just wait for the day when crypto change everything, including fiat market.
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November 26, 2019, 08:21:09 AM
 #80

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.
Yup that's true, the price of bitcoin can increase at anytime. And if you don't have much you will always be missing out from it. But the truth is, it's not everyone that has that kind of money to buy up to one BTC, especially those that are living in developing countries, the average person there will find it difficult to buy up to one BTC. Where I live, the current price of BTC converted the country's currency is a lot of money and an average person here is afraid of putting that kind of amount of money in anything that they are not sure about or something with a high risk. For an average person living in the US, buying one BTC will be easy, but it's not so for people in other places.

Well, Bitcoin can never finish, people buy and sell Bitcoin every day, so no matter when you join, there will always be one for you to buy.


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