The Bitcoiner with the GREATEST foresight

[Wind_FURY]

Someone asked who and whose past predictions deserves praise this cycle. I believe that person did it during 2011.

It's THIS, and he/she is/was ANONYMOUS,

I am pretty confident we are the new wealthy elite, gentlemen.

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

 - https://web.archive.org/web/20110608132715/http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

https://bitcointalk.org/index.php?topic=12156.0

Although the actual price is currently 10x more than his prediction, THAT is definitely STILL the greatest foresight and prediction in BitcoinTalk.

[Odusko]

We have notable Bitcoin predictions and crusaders that believe and we're very optimistic in their era, he indeed was speaking the truth at that time, Bitcoin was way low in price and accumulating 10BTC was quite an easy achievement to get in the early day's, fast forward to this time, his predictions have materialize x10 and still counting, what we should start learning is how to position to be among the wealthy elite in the Gen G era and time when Bitcoin is already at $125k in price, what our future predictions will be

[Dunamisx]

Of course as at then in the past, the market was very low compared to where we are today and what we have achieved this far, i only wonder had it been many have the same foresight mentality of investing in bitcoin and believing in it in this manner to have a future applicable utility, them maybe many of us would have also arrived early than we came in, because the future is all about bitcoin and nothing more.

[NurseHub]

Although the actual price is currently 10x more than his prediction, THAT is definitely STILL the greatest foresight and prediction in BitcoinTalk.

Guys were really seeing potentials that only few like them saw, where everything got bursted was doing the days they said it's a bubble and bitcoin was crashing significantly as the people who had faint hearts in investment in bitcoin were really, giving up but then we have bitcoin here today. Really amazing and the person behind this prediction is an absolute genius.

[MidNite36]

Although the actual price is currently 10x more than his prediction, THAT is definitely STILL the greatest foresight and prediction in BitcoinTalk.

Guys were really seeing potentials that only few like them saw, where everything got bursted was doing the days they said it's a bubble and bitcoin was crashing significantly as the people who had faint hearts in investment in bitcoin were really, giving up but then we have bitcoin here today. Really amazing and the person behind this prediction is an absolute genius.

The real genius is the man who do the crafting, if the math was wrong these predictors won't move near the asset in one inch, all glory and thanks should go out the to one man who did a good job crafting this whole innovation, he is not just after money like many developers today.

Anyone who wanted to build something remarkable they always put money aside, as this will easily make them lose focus and build rubbish, this is the problem that developers are facing today, the one they started themselves.

[franky1]

and it was said AGES ago.. that 1.5 years after halving we will see the new ATH true season
.. and guess this week how long its been since the halving and do you see the rise begin

and its not a single bitcoin foresee-er. its just bitcoin economics that many understand... and many have dismissed until now

just wait for the next halving and then 1.5 years after that. and it will play out again.. but for now, enjoy this seasons ATH

[mindrust]

Since btc started from nothing, btc investors had the ultimate advantage over the other asset holders. Nowadays though, everything is skyrocketing against the dollar, not only bitcoin. Gold, silver, stocks, copper, btc… pretty much everything. That can only mean one thing. It is the dollar that is going down and I wonder what will happen when the dollar becomes complete shit. Like zimbabwian shit. Will btc, gold, silver, a loaf bread have the same price against the dollar at $999999999999999 ? How can you compare 1 to 0? 1/0 is what? Undefined? Big brain time.

[d5000]

This thread was alive for several years if I remember well.

The prediction of course was very good, and I agree that with reasonable adoption, it was quite straightforward that Bitcoin would acquire a value of $10,000 USD per coin at least.

But could have gone something wrong which would have "killed" that prediction, or make Bitcoin even fail completely before reaching 10,000$? I think yes, there were such events, so the risk back then was not zero.

One event which was quite notable was the chain split in 2013 when a new Bitcoin version was published with a slight incompatibility to the previous version. It would have probably not have killed Bitcoin if the split wasn't resolved fastly, but hit a quite severe blow to confidence in it, and maybe we would be sub-10k by now?

Then there was the Ghash.io event one year later (2014?): a mining pool got more than 50% of the hashrate for some time. If the pool owners decided to exploit it, that would have been possibly Bitcoin's first 51% attack, the most feared of all attacks. This could have definitely a major blow too, perhaps even worse than the 2013 split.

The Segwit wars possibly were another possibility for Bitcoin to fail or at least to retrocede. If the Bitcoin / BCash war was too intense, Ethereum could have taken the lead in the crypto space -- even if Ethereum, as a premined coin, has a quite different value proposition than Bitcoin and is closer to traditional assets like stocks. But in the crypto scene of 2017 premines were quite well accepted, possibly this is now changing.

[peter0425]

Someone asked who and whose past predictions deserves praise this cycle. I believe that person did it during 2011.

It's THIS, and he/she is/was ANONYMOUS,

I am pretty confident we are the new wealthy elite, gentlemen.

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

 - https://web.archive.org/web/20110608132715/http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

https://bitcointalk.org/index.php?topic=12156.0

Although the actual price is currently 10x more than his prediction, THAT is definitely STILL the greatest foresight and prediction in BitcoinTalk.

I wonder where he is now and whether he is enjoying his bitcoins. Amazing to see that he indeed predicted that bitcoin would be in demand in the future but maybe he underestimated bitcoin only dreaming of $10k when bitcoin has now hit $125k. Even if he knew how important bitcoin was gonna be, he still didn’t know the extent of it.

[skarais]

When I first know about Bitcoin as an investment, I wasn't optimistic about $10k or $20k. But it all came so fast and no one could stop it because the market was growing so fast. In the past, $20k might have been unreasonable because many of us thought that bitcoin would never reach it, but in reality bitcoin was able to make it a support that might not be touched again in the long term.

That person's prediction only clarifies that nothing is impossible, but without the necessary support, bitcoin would have struggled to reach its current high. $126k was a price I never imagined when I first know about bitcoin, but it hit it in less than 10 years.

[suzanne5223]

What we see right there is the product of someone who spent his/her time to understand the Bitcoin whitepaper and the economic value that comes with halving, etc.
When you understand the depth of something, it is easy to see/comprehend the future of something others ignore.
When someone understands the concept of BTC, it is easy for such a person to foresee the Satoshi dream for BTC. I hope the newbies reading this topic will learn from this, take their time to read and learn more about BTC, so they can also foresee the more to come benefits presented by BTC.

In the meantime, it's sad that someone already knew so much about BTC in 2011, and I have yet to hear about it then.

what we should start learning is how to position to be among the wealthy elite in the Gen G era and time when Bitcoin is already at $125k in price, what our future predictions will be

We already have the platform. What will be needed is to find a problem Bitcoiners are experiencing, provide a solution to it, and find a means to monetize it.

[adultcrypto]

This is a very encouraging story by the early guys who saw the potential in bitcoin when the rest of the world were in doubt. A lot of those guys who held their bitcoin from that time are definitely rich by now and I hope the Anonymous that made that prediction is in  his cruise ship at international water like he planned.

I believe that in a couple of years from now we will also share similar testimony because bitcoin will be nearing $1m and those of use who are holding now will become super rich.

[tabas]

He's right, the early adopters have got the advantage and being a pioneer positioned yourselves into the better future as bitcoin's price moving further and higher. I guess he had figured out about the volatility of bitcoin and as well as the effects of halving for the next years for which he was right if he did. With the combination of other threads like the gamekyuubi's HODL thing, that made everyone want to hold their bitcoins for longer term. And it also proved that there is no need to be an active trader for you to earn on this asset but by just being patient.

[Wind_FURY]

Of course as at then in the past, the market was very low compared to where we are today and what we have achieved this far, i only wonder had it been many have the same foresight mentality of investing in bitcoin and believing in it in this manner to have a future applicable utility, them maybe many of us would have also arrived early than we came in, because the future is all about bitcoin and nothing more.

That's because as plebs.,we too stupid, and too Low IQ to understand or take time to understand Bitcoin. Those early people during 2011 came in for the revolution and stayed, but many of us plebs came in for the investment and stayed for the revolution.

BUT - although I started accumulating/HODLing during 2018 and 2019, I still feel very VERY lucky to have bought the majority of my Bitcoin below $10,000.

[Zlantann]

That's because as plebs.,we too stupid, and too Low IQ to understand or take time to understand Bitcoin. Those early people during 2011 came in for the revolution and stayed, but many of us plebs came in for the investment and stayed for the revolution.

BUT - although I started accumulating/HODLing during 2018 and 2019, I still feel very VERY lucky to have bought the majority of my Bitcoin below $10,000.

Bitcoin was a strange currency then and it will take deep understanding to believe that the price will get to this level. Some of us were too lazy to read and understand the uniqueness of Bitcoin. During my first contact with Bitcoin, I saw it as a scam and didn't pick interest in it. You are indeed lucky to buy at this price and still hodling. I also think that anyone who starts hodling even from today is not still late to the party. Bitcoin still has the potential to keep going high above the price it is today.  

He's right, the early adopters have got the advantage and being a pioneer positioned yourselves into the better future as bitcoin's price moving further and higher. I guess he had figured out about the volatility of bitcoin and as well as the effects of halving for the next years for which he was right if he did. With the combination of other threads like the gamekyuubi's HODL thing, that made everyone want to hold their bitcoins for longer term. And it also proved that there is no need to be an active trader for you to earn on this asset but by just being patient.

Those who kept hodling are brave. To be able to see all these attacks and the FUD associated with them and keep on hodling is a clear sign of bravery.

[Catenaccio]

Bitcoin was a strange currency then and it will take deep understanding to believe that the price will get to this level. Some of us were too lazy to read and understand the uniqueness of Bitcoin. During my first contact with Bitcoin, I saw it as a scam and didn't pick interest in it. You are indeed lucky to buy at this price and still hodling. I also think that anyone who starts hodling even from today is not still late to the party. Bitcoin still has the potential to keep going high above the price it is today.  

Bitcoin is Bitcoin and it has its own operation on Bitcoin blockchain that makes it attractive as a secure blockchain for transactions (no reversibility) and a secure asset for storing your money without risk of losing your bitcoin by coin freeze through smart contracts like altcoins. All these good things can contribute for Bitcoin adoption, its value, and you know value, adoption are helpful for price growth with time.

If Bitcoin continues its adoption growth, its blockchain security is maintained or even improved more strongly, and its value uprising more, price will have no other ways than moving up.

The bullish case for Bitcoin has many insights about Bitcoin potentiality as well as its future that is kind of bullish according to Vijay.

[crwth]

I don't know why he chose to be Anonymous, but it can clearly be seen in the quoted posts by other members that he is Atlas. He has his reasons, and to each their own.

Great conviction leads to great results. I do hope that everyone who posted in that thread is now wealthy.

[jcojci]

Although we are late joining, we are still lucky because we have a chance to accumulate Bitcoin at a low price. Just imagine what people feel now when they see the Bitcoin price reach $124k and how hard they start to invest in Bitcoin. They will feel sad that they missed this opportunity a long time ago.

That is why we can feel happy to see the profit that we can take. We can get our initial money by selling a small amount of Bitcoin and letting the rest wait for the right time to sell.

We should feel grateful for becoming early investors who were involved in Bitcoin. We can continue accumulating Bitcoin and use the time before more people join and the price soars to a high price.

[pooya87]

Great conviction leads to great results. I do hope that everyone who posted in that thread is now wealthy.

Yeah, but most people don't buy and those few who do buy, don't hold. For example how many of them do we think sold at $100 (10x profit)? It's pretty much like today, how many people who buy at $100k are going to hold until $1 million and beyond?

[Alpha Marine]

Although the actual price is currently 10x more than his prediction, THAT is definitely STILL the greatest foresight and prediction in BitcoinTalk.

I am going to digress a bit; this is a reason why I will always disagree with people who say "Bitcoin has strayed away from its original path". Being a currency and a store of value are not mutually exclusive.
I was reading through the article, and I saw this.

Bitcoin will take over as the currency of the internet. It will also take over as a store of value;

As far back as 2011, two years after its launch, people could see that bitcoin would be a store of value/speculative asset and a currency too. Nothing stops it from being both. I understand that Bitcoin is not being used as a currency as much as we would like, but it's still early. One bitcoin being worth a million dollars won't stop it from being a currency. The whole world doesn't have to use it as a currency, but as long as you can use it as a currency when and where you want, then I don't see a problem. It has not taken over as the "currency of the internet", but I believe it will.