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Author Topic: Have you personally seen a bitcoin millionaire?  (Read 4679 times)
CoolBliss
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May 30, 2014, 07:01:46 PM
 #21

Just read their stories on Reddit. It's kinda thrilling.
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yatsey87
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May 30, 2014, 07:04:25 PM
 #22

Just read their stories on Reddit. It's kinda thrilling.

I suspect those are mostly fantasists.
Jesu
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May 30, 2014, 07:04:52 PM
 #23

Just read their stories on Reddit. It's kinda thrilling.

What reddit are these on? The bitcoin one?
DomenicoRomano
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May 30, 2014, 07:07:44 PM
 #24

I paid taxes because all my money goes through my American bank account.  I don't want to go to jail.
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May 30, 2014, 07:09:12 PM
 #25

I paid taxes because all my money goes through my American bank account.  I don't want to go to jail.

Why would you go to jail? You couldve just kep the money in btc and not had to pay any taxes.

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May 30, 2014, 07:11:34 PM
 #26

I'm sure he would not want me to say his name. But I can think of someone who's mine I have visited. At the time BTC were maybe a few bucks, and he was holding something like 30,000BTC. I think he now lives in a secret compound on the moon.
I guess a true BTC millionaire would have a million bitcoins. I don't know anyone like that.

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May 30, 2014, 07:16:53 PM
 #27

You're probably more likely to meet one here than in real life.
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May 30, 2014, 07:24:49 PM
 #28

Hello my name is Richard and i'm not a millionaire.Thank god!
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May 30, 2014, 07:48:53 PM
 #29

Smart millionaires keep their mouths shut and their purchases private. If I hear someone bragging about money, it is typically because they wish they were rich. IMHO.

Let's assume that the person got rich from Bitcoin, having previously lived a modest lifestyle. People would surely start to notice the new car, house, whatever. Would take a lifetime to launder otherwise, literally.

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Bronstad
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May 30, 2014, 07:50:54 PM
 #30

I paid taxes because all my money goes through my American bank account.  I don't want to go to jail.

Why would you go to jail? You couldve just kep the money in btc and not had to pay any taxes.

The student loans need to be paid off in dollars.

And because I think you need to hear this, PAY YOUR TAXES! Mr. Tea
Cryptopher
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May 30, 2014, 07:57:26 PM
 #31

I paid taxes because all my money goes through my American bank account.  I don't want to go to jail.

Why would you go to jail? You couldve just kep the money in btc and not had to pay any taxes.

The student loans need to be paid off in dollars.

And because I think you need to hear this, PAY YOUR TAXES! Mr. Tea

That's harsh. Are you suggesting that Mr Tea doesn't pay his taxes generally, or capital gains (or similar)?

It depends on which county Mr Tea is in, and how much money he is talking - there may be no tax.

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May 30, 2014, 07:57:41 PM
 #32

I made this site where you can check if you're a bitcoin millionaire yet or not. It'll help you to find out whether the person in the mirror is a BTC millionaire! http://www.amiabitcoinmillionaireyet.com/

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May 30, 2014, 07:58:57 PM
 #33

No millionaire here, but I bought 500 BTC with a cost basis of just over $12K. I sold 90 at $900 and used the proceeds to buy a 2014 Corvette. The balance I  am holding because I have a $50K price target within 10 years. BTC will really take off after the collapse of the international monetary system. This collapse is almost inevitable at this point.

The catalyst for this collapse is the Fed's efforts to devalue the dollar. BTC has many advantages over gold and it is such a thinly traded market that enormous price increases will result. So I am either going to be worth $20MM or worst case I got a corvette for $12,000.
Cryptopher
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May 30, 2014, 07:59:40 PM
 #34

I made this site where you can check if you're a bitcoin millionaire yet or not. It'll help you to find out whether the person in the mirror is a BTC millionaire! http://www.amiabitcoinmillionaireyet.com/

Haha, very simple but amusing website. Debatable too as many people consider a Bitcoin Millionaire as holding 1 million BTC, rather than 1 million local currency in BTC Tongue

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acs267
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May 30, 2014, 08:02:51 PM
 #35

Nobody currently hold one million Bitcoins. Anyway, I've met a Fiat millionaire, but not a Bitcoin millionaire. I think they'd want to stay hidden for security reasons.

I think they'll be living like average civilians, so they won't spend all of their wealth.

I thought Satoshi might have over a million? And everybody knows being a bitcoin millionaire means holding a million fiat value in coins. And why would a bitcoin millionaire what to stay hidden any more than a fiat millionaire?

Bitcoin secures anonymity. Some people break the barriers, and 'steal' coins. Late 2011 is a example, when thieves took off with a lump sum of coins. If a idiot is stupid enough to move a lot of coins at once, on a online wallet, you can't get those back. And don't expect the police to help you, like they'd do to a fiat millionaire.

And no, it depends on how you word it. Saying 'Bitcoin millionaire' means 'Bitcoin millionaire'. Would you say 'Peso millionaire', or 'Dung millionaire' and mean USD, GBP, or a Euro?
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May 30, 2014, 09:34:17 PM
 #36

Hello my name is Richard and i'm not a millionaire.Thank god!
Hi Richard. Ready for take off?  Wink

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May 30, 2014, 09:47:01 PM
 #37

I made this site where you can check if you're a bitcoin millionaire yet or not. It'll help you to find out whether the person in the mirror is a BTC millionaire! http://www.amiabitcoinmillionaireyet.com/

264 coins makes people a fiat millionaire....

... not exciting


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May 30, 2014, 10:02:36 PM
 #38

I made this site where you can check if you're a bitcoin millionaire yet or not. It'll help you to find out whether the person in the mirror is a BTC millionaire! http://www.amiabitcoinmillionaireyet.com/

264 coins makes people a fiat millionaire....

... not exciting



I wish upon a star, 264 coins to just appear in my wallet.  Smiley One day. One day
rext
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May 30, 2014, 10:49:29 PM
 #39

I made this site where you can check if you're a bitcoin millionaire yet or not. It'll help you to find out whether the person in the mirror is a BTC millionaire! http://www.amiabitcoinmillionaireyet.com/

264 coins makes people a fiat millionaire....

... not exciting



I wish upon a star, 264 coins to just appear in my wallet.  Smiley One day. One day
hope you get it like right now Cheesy
cuddaloreappu (OP)
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May 31, 2014, 01:01:05 AM
 #40

those that brag about their riches are usually naive people that are not used to being wealthy. and usually find in 20 years time their riches would have evaporated..

thos smart enough to have always been wealthy and increase their wealth would not brag about it, nor tell anyone how to also bcome wealthy (avoid future competition), plus as lethn said avoid unwanted attention from scammers.

i have seen too many polls asking for how much people have and what client programs they us etc, all part of th schme for people to target the rich. so dont pretend it doesnt happen.

people like warren buffet will tell people not to buy things, so that he can buy cheaply without competition. then when h is ready to sell, he will tell people to buy so that he can sell without causing a price drop.

you will find the rich and wealthy people tell you the opposite to what you want to hear.

This is a light bulb moment...now i can figure out why warren buffet said not to buy bitcoins...
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