Are Early Adopters rich?

[Cryptopher]

Some will be, many will still be holding at least the bulk of their coin.

There are so many variables, but actually those who got rich according to cold, hard dollars are most likely those who took successfully advantage of trading patterns and trends. Basically squeezing the noobs who thought they could get rich quick of their precious investment.

[Imran232]

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If we analyze the past, then BTC already proved that early adopters are not only rich right now, they are also the bitcoin whales on the market too. They are future top billionaires or might be trillionaires. So yeah, in a simple sentence, early adopters are obviously rich. Though we may be a little earlier in Bitcoin, we are not much earlier than people in 2010. So yeah, if we can grab bitcoin right now, we will get benefits in the future. Not now, but in the near future, you can also be rich. If crypto can give me financial freedom, then obviously you can too.

[hatshepsut93]

It depends on:

a) how many coins they have

b) how many coins they sold/donated/lost

c) costs of living in their country

For some having a few millions of dollars already counts as rich, for others that would count as regular life savings for a middle-class person. So the answer is - it depends. Not all early adopters are rich, even if they have hundreds of coins.

[EdenHazard]

If they found out their bitcoin purchases back in 2011 or earlier then cashed the money out in 2020 -2021 they are an obvious super luck early adopter , but if you found out the coins & cash the coins out in 2015 to 2019 and then buy the coins back in 2020 where the ATH reached ... then idk what to say.

You might not as rich as you should be , but the buying point would be much more higher in value and that's still a win tho.

[GeorgeJohn]

On my opinion I suggest that those investors who invested into  cryptocurrency, especially Bitcoin have made it if actually they hold someone here cryptocurrency they bought in 2009. But if those Bitcoin they have during the Creation of cryptocurrency till date is not longer in their custody, that means that their no way to be attest that they rich. Bobby Rich is basically known through a budget and plans.

[franky1]

still hoarding since 2012
im 'explorer rich'  (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
 

@Franky1, this is amazing, it's been 10 years now since 2012 and you never sold everything not even when the price of Bitcoin was higher than it is now,

having acquired coin at the $6 range

you get to a point where you are no longer checking daily what your total net worth is on the daily.
in like 2013 at the first $1200 ATH . i reached that point where i just stopped looking
i just worked out as long as bitcoin was worth more then X  im all good with life so dont need to check total net value
it became like a retirement fund where you dont check whats inside your retirement amount daily you just know by the time X years have gone by you know it will cover your destined plans for life in the future

i dont check the net value and i probably would get shocked if i did work out what it converts to.
but i just use logic, EG
why buy a house now which only appreciates to 2x value in 1.5 decades wheres as value in bitcoin would appreciate by 1.5x much sooner.

it was also tactics on day trading where i would only day play with 1% then 0.1% amount and so on when bitcoin appreciated in value over the years. and so i just dont look, worry concern self with the hoard. i just play with small decimal amounts as and when needed to cover daily costs with the profits of day trading the small allotments

funny part is even when we had the 2020-2020 hype and correction. i put another ~$6k(£5k) into bitcoin after the correction as i saw bitcoin was back in the cheap zone so thought i dont need to sell and a great time to be a buyer so i might aswell throw some disposible income into bitcoin and ride the next cycle for a lil bonus without the risk

[nullama]

As others have said, it depends a lot on many variables, so some of them would be very well off, others not so much, and others in between. Some have also sadly passed away as well.

I remember reading in reddit that the two people involved in the first BTC-pizzas exchange, laszlo and jercos, are now both not-rich and not-poor. Just comfortably in the middle.

[NotATether]

I know of some bitcoin investors like the ones in the news. People who made bitcoin casinos before 2015 are doing pretty well and living in expensive houses. You probably know who I'm talking about.

In other words, to be rich, you must do something ahead of the swarm.

It also applies with businesses: In the 1980s it was ridiculously easy to manufacture computers and OS'es and get some kind of market share and wealth - today you must have a lot of skill and determination to repeat that kind of feat.

[Mpamaegbu]

What about others? Bitcoin Core developers? Forum admins or well-known old users?

Perhaps, we could get sirius to talk on this. Dude was one of those who came close to exchanging ideas and correspondence with the famed Bitcoin maverick and creator, Satoshi Nakamoto in its early days. Sadly though, sirius was last active here in 2018. I've thought of this myself about early adopters being wealthy from their discovery of Bitcoin but then I realized that none of those early adopters truly knew the actual potential of Bitcoin. It was a gamble of investment they took and once they saw little profit, most of them would've cashed out. Those who are really reaping from Bitcoin now must be those who bought back or the "second phase" of adopters.

[KaliLinux]

Maybe a few, just saying though, because as we know most people who were not really core Bitcoiners then didn't take Bitcoin seriously whether it came to them by way of winnings from Games played like in this case and spending what all of us now see as outrageous now.

Sziky on the bitcoins won at the 2011 Starcraft tournament: “I didn’t take them, I asked them to pay me $ 40” – Games

Bitcoin Pizza Day

So for those that for some reason were able to hodl what they had from the early days of Bitcoin, of cause I should believe so.

[BlockchainMentors]

Yes, it is true that there are many investors here who have become rich from bitcoin, but no one tells that even Tesla company did not tell how many bitcoins they have, no one would like to tell if you have it, you also do not tell. Would you like and the one who started investing long ago has become rich today.

[Issa56]

I don't really think all of them are rich, but am sure some of them are very rich currently, some of them lost access to thier wallet address which happens to lot's of people. A friend of mine bought some bitcon when it was still very low around 2015, he was trading bitcoin and making some little money because most people don't still trust bitcon at that moment, he later bought some certain amount and left it in a wallet on his phone without backing up his private key, later the phone crashed and all his bitcon was gone, all the effort to retrieve the coin was in vain, he keeps on telling about the bitcoin, he always tell me if he knows bitcoin will be like this, he will have secure the private key and by now he will be very rich. Some of the people that adopted bitcoin early lost access to their wallet address.

[glendall]

they should be billionaires, but with a record they hold their btc, until now even though they have sold it at 60k $ yesterday and bought it back at 20k $ still get double profits.

[lucates]

It depends if they managed to resist the temptation to sell or spend.  It's conceivable that many of the people who got in super early when BTC was <$1 may have assumed $10 or even $100 would be the highest it could ever go and sold the lot.  If they held, then yes, they're pretty rich.

It depends, early adaptation is always a good opportunity for all, but keeping the opportunity matters. Not everyone is an early adaptor, but many still make a good profit. So, whether you are early adapters or not, keep your opportunity. Later is better than never.

[DU18]

As others have said, it depends a lot on many variables, so some of them would be very well off, others not so much, and others in between. Some have also sadly passed away as well.

I remember reading in reddit that the two people involved in the first BTC-pizzas exchange, laszlo and jercos, are now both not-rich and not-poor. Just comfortably in the middle.

I doubt if anyone has held bitcoin since the early days of bitcoin, because in my opinion bitcoin was not very popular at that time and people didn't think that bitcoin could reach the price it is today, maybe in early 2014 many people started trying to hold bitcoin because they starting to know if the price of bitcoin is increasing, in my opinion 2014 is the starting point for the rise of bitcoin so has become a phenomenon as an investment until now. looking at the current bitcoin price, there may be regrets for miners who sold bitcoin at a fairly cheap price in the past, especially for those who bought two pizzas at a price of 10K bitcoin.

[KingsDen]

that said i have had many many years without the burden of trying to kiss some managers ass for a wage, or having to charm some employer to pay me to do their dirty work.

I already knew that there are some reasons why you chose not to wear promotional signature and avatar. I had wanted to ask, but I am not good at sending PMs, I feel like it disturbs people's peace. Now that I have known some of the reasons, I have to say;
1. You make quality posts and as such, you do not need to kiss a managers ass in order to be hired. Infact, managers should be grateful having you to promote their campaign. I have seen some managers like Icopress invite some users personally to their campaign, this is an indication that quality posters doesn't struggle or kiss asses to join campaign.

2. Are all projects in this forum dirty? Could it be that the one you would have loved to promote is dirty?

3. I think there is nothing wrong with getting paid while doing your passion.

[wxa7115]

I just wonder: are Early Adopters rich?
We know AA, author of "Mastering Bitcoin" was once attacked because he did not made any fortune having BTC from early years, then people donated some BTC and he collected around 100BTC.
Hal F's wife sued "I am Satoshi guy" and they were talking about $ 3-digit mln, so they are not kind of people who wait every month for their wage.
What about others? Bitcoin Core developers? Forum admins or well-known old users? Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

As you may guess there is not a general answer for that, there are some early adopters which are in fact very rich as they got their coins for almost nothing and they still hold their coins to this day.

However there are many people that were interested in bitcoin back in the day that got no benefits out of it, and there are many reasons for that, they may have lost their coins long time ago, sold them for a low price, actually used their bitcoins to buy some stuff they needed or they simply gave up on bitcoin and did not believe it would reach the heights it has reached.

[OgNasty]

I just wonder: are Early Adopters rich?
We know AA, author of "Mastering Bitcoin" was once attacked because he did not made any fortune having BTC from early years, then people donated some BTC and he collected around 100BTC.
Hal F's wife sued "I am Satoshi guy" and they were talking about $ 3-digit mln, so they are not kind of people who wait every month for their wage.
What about others? Bitcoin Core developers? Forum admins or well-known old users? Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

I don't think that Hal Finney's Bitcoin stash is the norm for early adopters.  He was THE man.  There can only be one...

That being said, I discovered Bitcoin in the summer of 2011 and have been pretty active since then in everything crypto I could learn about.  I am not living in a castle, but I also am not having to work 7-15 every day to pay debt.  In fact, I'm still living in the same house that I owned before discovering Bitcoin and driving the same car since back then (although I am on the Cybertruck waiting list).  For me, Bitcoin was always about freedom and security, not fancy clothes and foreign cars.  I do wish that I had stashed away 1,000 BTC when I was considering it in 2012 though.  Maybe then I'd be flying private jets to my castles, but more likely I'd be the same cheap guy who still doesn't pay extra to put cheese on my takeout sandwiches when I have cheese slices at home.  

[dark1234]

I don't really think all of them are rich, but am sure some of them are very rich currently, some of them lost access to thier wallet address which happens to lot's of people. A friend of mine bought some bitcon when it was still very low around 2015, he was trading bitcoin and making some little money because most people don't still trust bitcon at that moment, he later bought some certain amount and left it in a wallet on his phone without backing up his private key, later the phone crashed and all his bitcon was gone, all the effort to retrieve the coin was in vain, he keeps on telling about the bitcoin, he always tell me if he knows bitcoin will be like this, he will have secure the private key and by now he will be very rich. Some of the people that adopted bitcoin early lost access to their wallet address.

they lost access to a bitcoin wallet a lot because they didn't think bitcoin would provide the value it is today so they didn't secure the wallet key properly and this is understandable considering the value of BTC at that time was very cheap and maybe some thought it was priceless, and for early users it would be rich if holding it until now but i still haven't heard about it....

[GeorgeJohn]

Yes, it is true that there are many investors here who have become rich from bitcoin, but no one tells that even Tesla company did not tell how many bitcoins they have, no one would like to tell if you have it, you also do not tell. Would you like and the one who started investing long ago has become rich today.

Actually in a normal circumstances you don't have to review your investment plan to your neighborhood until you become successful in the business. Bitcoin investment is the kind of you will have and you can only speak out when you achieve positivity into the investment. I believe that bitcoin is a personal kind of investment that get someone rich depends on the how amount you purchase and how long it stays during the time of holding. Long holding cryptocurrency investment do give people the short cut of becoming rich.