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Author Topic: Shut up and wait 5 years.... If it is what we think it is, it will be.  (Read 4338 times)
BTCewdquestion
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August 21, 2014, 03:23:20 PM
 #41

Here is a good quote from Satoshi:

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

Give bitcoin 5 years.  Either they will be worth the Moon or 0.  It is a binary investment. All or nothing.




99/1

on that


there is a small and weird scifi of bitcoin and massive fiat numbers working together, again  but then it is back to nature
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August 21, 2014, 05:25:48 PM
 #42

If the present rate goes then Bitcoin will reach moon. Bitcoin will cross $2000/coin no doubt. But that's only theory, its hard to predict.
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August 21, 2014, 08:33:38 PM
 #43

Shut up and wait 5 years.... If it is what we think it is, it will be.



I am trying to shake some of you off the branch in a few different ways.. This is an experiment thus far.  It should only take time and resources that you can afford to lose. If you have neither of this, get working on something that can and will impact you in a positive way, so perhaps when bitcoin is ripe, which it currently is not, you will be able to provide to the greater good of it, right now a lot of you are wasting (precious) time. Some people are way too dumb, while others will be way too smart, and one slip up and gone goes all your money. Even hackers themselves know they are vulnerable to a certain degree cold wallets*gun-to-the-head*quantum computing*EMP.

In the middle where most of everyone is, long term investments payoff in much larger returns than any short term one will which is why if bitcoin can be made damn near perfect it will grow in waves over the next decade. Yes 10 years. Untill atleast 5 years passes, per haps even 10, the bitcoin.... Blockchain technology, will prove itself to have been a good investment. If you haven't any more to contribute, either sell your coins, or shut up n hold.

It sucks, you are not directly benefiting from a messed up world, via financial, military, political, religiousness, and alien technology. However most of you are, until your not.

Hopefully the world does not turn into any more of a police state/marhsall law, anarchy etc. And if it does good luck to all of you, nature will settle this dispute in the end, and you will all find your respectful spot in all this. Till then, enjoy the present moment. Listen to some music. Smoke a bowl, if your not into that, dance, even if you have no where to do it except in your own living room, and even if you do not follow the instructions, whatever you do, do not read beauty magazine as they will only make you feel ugly.

-Laz Bur CtrlAltBernanke420

Thank you.


Nice post but you forgot about the sunscreen...

5 years is a long time, we are not getting younger

Putting this stuff on paper for my kids. They'll be more able to use it than I will in 5 years Smiley

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CozyLife
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August 21, 2014, 09:33:11 PM
 #44

The One Word Currency (Bitcoin) is designed to remove the Middle Class. Only the poor (people without Bitcoin who never invested) and the rich (people who stored up some Bitcoin) will be left. Be sure to buy and hold so you won't be left behind. My goal is to get 30 BTC. I have my strategies. What's yours?

Due to an article that BitcoinTalk didn't like that I wrote on CCN, my account is banned. Theymos refuses to reply to my request for hearing his side of the story instead of banning my account. Please sign my petition to get Theymos to unban my account. Thank you.
CoinDiver
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August 21, 2014, 09:36:47 PM
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 #45

The One Word Currency (Bitcoin) is designed to remove the Middle Class. Only the poor (people without Bitcoin who never invested) and the rich (people who stored up some Bitcoin) will be left. Be sure to buy and hold so you won't be left behind. My goal is to get 30 BTC. I have my strategies. What's yours?

This is ignorant. The rich will always be those who find ways to provide value to people. The poor will always be those who dont.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
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August 21, 2014, 10:13:08 PM
 #46

This is ignorant. The rich will always be those who find ways to provide value to people. The poor will always be those who don't.
Yeah, sure, just like it's always been throughout history. The elite are and always have been the most VALUABLE members of society, right?

Certainly not the serfs toiling in the fields, growing food for everyone... certainly not the masons buildings the houses and castles... certainly not the soldiers fighting and dying to protect the kingdom / nation. Certainly not the scientists discovering everything that has made modern life possible..



It's always been the wealthy elite upon which society has depended for survival.

 Roll Eyes

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
wordman267645
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August 22, 2014, 07:33:35 AM
 #47

Bitcoin is a long term investment.It's totally luck if you wait 5 years and you will get benefits or nothing.It's totally up to you..
Bitbirdhunt
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August 22, 2014, 08:27:52 AM
 #48

5 years? Either bitcoin will reach moon[$3000/coin] or it will fall to dirt [$1/coin]

Can't be predicted.
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August 22, 2014, 12:41:15 PM
 #49

Bitcoin will rise to moon, atleast 5000 and above. Its so damn popular coin.

And its still rising+ gaining popularity.
cisahasa
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August 22, 2014, 02:29:36 PM
 #50

Bitcoin will rise to moon, atleast 5000 and above. Its so damn popular coin.

And its still rising+ gaining popularity.

why is it mostly falling lately??

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August 22, 2014, 03:19:36 PM
 #51

Legit. And whoever sells will feel suicidal in 5 years Smiley
MoonRise
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August 22, 2014, 03:28:03 PM
 #52

Hold all your BTC and wait 5 years, either you become a rich man or a poor beggar Cheesy

Anything can happen Wink
SpongeBTCants
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August 22, 2014, 03:34:44 PM
 #53

The One Word Currency (Bitcoin) is designed to remove the Middle Class. Only the poor (people without Bitcoin who never invested) and the rich (people who stored up some Bitcoin) will be left. Be sure to buy and hold so you won't be left behind. My goal is to get 30 BTC. I have my strategies. What's yours?

This is ignorant. The rich will always be those who find ways to provide value to people. The poor will always be those who dont.

I remember some guys posting about how they became millonaire out off being lucky enough to mine and buy BTC in the early days to get some weed from SilkRoad then they forgot about it and cashed out at like 400 (tons of BTC). Now they are retired smoking weed doint shit nothing.  Being rich just means being rich, what you do with said power isnt guaranteed to provide any relevant value to people.
addroup
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August 22, 2014, 03:43:46 PM
 #54

Who knows what the future will be for bitcoins in 5 years, we can only make predictions without any value, but the probability to see higher prices than today is huge.

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August 22, 2014, 04:01:01 PM
 #55

Why to worry about future? Just focus on today, maybe rates of next 1 year max..because 5 years are too high to be predicted.
Chris_Sabian
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August 22, 2014, 05:53:44 PM
 #56

Why to worry about future? Just focus on today, maybe rates of next 1 year max..because 5 years are too high to be predicted.

How about you start help building the bitcoin economy instead of focusing on profits today.

Besides, there probably won't be another huge spike in price before the next halving.  That should occur in early 2016 or so.
MÖGUL™
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August 22, 2014, 06:09:19 PM
 #57

Buy BTC, hodl BTC for 5 years, have riches & biches & anything else you want... simples  Cheesy

Can I have my own island and call it Isle of Biches where biches come from all over there world to see me and my army of monkeys?
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August 22, 2014, 06:24:24 PM
 #58

5 years is too much, 3 years might be enough for a really good value, many will cash out at 1k-10k anyway, only the strong one will stay until the end, and btw do we really need 1btc=1M? at 10k, many will be rich
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August 22, 2014, 06:25:16 PM
 #59

I suspect people will be surprise how low bitcoin price will be after it is stable.

In order for bitcoin to become mainstream, it needs to flush out all the waiting to get rich crowd. And to do that, the price has to go a lot lower.
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August 22, 2014, 06:46:42 PM
 #60

In 5 years bitcoin will crash to $1/coin because there are lot of competitiors now..and its bound to crash someday..
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