jayce
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Activity: 2954
Merit: 1501
Pie Baking Contest: https://tinyurl.com/2s3z6dee
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October 29, 2014, 10:30:43 PM
Last edit: April 22, 2024, 01:36:03 AM by jayce |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
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October 29, 2014, 10:52:52 PM |
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To be that guy, you would need a timemachine to go back to 2009.
How in hell can one invest as hard as back in the day now, unless you are already well off, if you want similar gains? (you are talking millonaire here).
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Robert Paulson
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October 29, 2014, 10:57:43 PM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
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fa
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October 30, 2014, 06:54:36 AM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
Yes, this five years just marks the beginning of new era in human history. Fluctuation is expected. R.I.P. banks. |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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October 30, 2014, 07:08:56 AM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
I totally agree. Either we go back in time using gold or we go into the future using bitcoin. It's just what TPTB allow to happen. But I don't think they will switch off the internet because otherwise they cannot share and download their kiddy porn. So biggest chance is bitcoin taking over the world. But always make sure you have some precious metals as well, you never know for sure |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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October 30, 2014, 07:31:52 AM |
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Be that guy who figures out how to use bitcoin in your every day life.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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scarsbergholden
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October 30, 2014, 07:33:01 AM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
I would not say that bitcoin has reached it max potential but I would also not say that it would potentially be a world reserve currency, or the only currency used throughout the world. There are simply too many obstacles to adoption for much of the world to be able to use bitcoin. |
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asdlolciterquit
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October 30, 2014, 09:28:59 AM |
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Hashrate is still climbing. If you can buy below cost, then what's the problem?
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000) mine 1 bitcoin: 3.412 week, Power Cost: $98 let's say you mine 50 bitcoins and stop mining, cost per coin: $158 that's scare my so much! so the price can drop until 160$!!! all i can do is wait until the next halving  |
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Febo
Legendary
Offline
Activity: 2730
Merit: 1288
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October 30, 2014, 12:48:41 PM |
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You know the guy I am talking about, there are so many of these guys that bought Bitcoin in 2009 or 2010, thousands of them. Then somehow they forgot about Bitcoin for a few years and then one day they woke up and were millionaires and were like holy shit i forgot about Bitcoins!
So you need to forget about Bitcoin for a few years, maybe two, maybe three. Then one day you will wake up and be like Shit, I am a Bitcoin millionaire.
Everyone will call you an early adopter that got lucky. You can tell amazing stories about how you recovered your coins from a printed wallet you found buried in your kid's treasure chest in the back yard. You will tell your kids and grand kids how you bought one of the first 13 million coins. They will write stories about your wisdom and patience.
Yes be that guy.
I woke one morning and remembered i did some faucets last year. Took ages to sync wallet again. Well, there was not that much in that wallet, since i did those faucets only 2 days, but was so big change that i got so interested in bitcoin to end on this forum  |
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Capt Drake
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October 30, 2014, 01:27:06 PM |
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When your grandma will be using bitcoin to buy bananas at the market fair you'll know that bitcoin reached it's full potential;  |
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Thylacine
Member
Offline
Activity: 115
Merit: 10
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October 30, 2014, 01:43:07 PM |
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Be that guy who figures out how to use bitcoin in your every day life.
This When your grandma will be using bitcoin to buy bananas at the market fair you'll know that bitcoin reached it's full potential; ... and this |
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YouAreABetaProvider
Newbie
Offline
Activity: 44
Merit: 0
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October 30, 2014, 03:35:52 PM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
Sure, paper money will crash, but it may take as long as 2075. Historically, systems as we know it, last for 200 years. The dollar and fiat money could go on for another 50-60 years easily as it crashes. We will not wake up tomorrow and say wow, worldwide money has replaced dollar. It will be extremely casual. Thats why Bitcoin as I see it is just a test for the true worldwide currency that will come in the future. Bitcoin as it is now is too monopolised, so its like 1% vs 99% again. |
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AviThour
Newbie
Offline
Activity: 28
Merit: 0
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October 30, 2014, 03:36:39 PM |
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When your grandma will be using bitcoin to buy bananas at the market fair you'll know that bitcoin reached it's full potential; Haha Lol, Hope it will ever happen. |
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Capt Drake
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October 30, 2014, 03:52:09 PM |
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anyone who thinks bitcoin has already hit its full potential is delusional.
the market for bitcoin is the entire world, how many people have them? almost none.
anyone who is lucky enough to understand bitcoin today and be in a position to buy it is going to be extremely rich in 20 years.
the current paper money regime is not going to last for much longer, its been collapsing for the past 14 years and is now on life support in the form of permanent zero interest rates.
the only alternatives are precious metals and bitcoin.
i'd like to see you buy something on ebay with gold, bitcoin is the only option for honest money in the modern world.
Sure, paper money will crash, but it may take as long as 2075. Historically, systems as we know it, last for 200 years. The dollar and fiat money could go on for another 50-60 years easily as it crashes. We will not wake up tomorrow and say wow, worldwide money has replaced dollar. It will be extremely casual. Thats why Bitcoin as I see it is just a test for the true worldwide currency that will come in the future. Bitcoin as it is now is too monopolised, so its like 1% vs 99% again. Hahahaha as if fiat isn't controlled by the 1%  And where did you get those facts, 200 years to a system fall? I heard that a currency dies in around 50 years, so the dollar is pretty much a zombie right now. |
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yayayo
Legendary
Offline
Activity: 1806
Merit: 1024
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October 30, 2014, 04:46:48 PM |
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Although OP seems a bit overly optimistic with the "kids and grand kids writing storys"-part, he's right with his assumption that even those who buy today will be considered early adopters.
I'm not claiming to know the future. But if Bitcoin is successful it will have to scale massively. For that to happen, Bitcoin must become much more easily obtainable. All people that want to buy Bitcoin today have to take some (technological / administrative) hurdles, before succeeding. All people that are willing to put in this little bit of extra effort can be considered early adopters.
So I think it's wise to invest a little bit into Bitcoin, but not too much, so it doesn't feel painful in case of failure.
ya.ya.yo!
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Premier League
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..TAKE PART.. |
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NotLambchop
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October 30, 2014, 04:55:25 PM |
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Although OP seems a bit overly optimistic with the "kids and grand kids writing storys"-part, he's right with his assumption that even those who buy today will be considered early adopters.
... Only if Bitcoin survives [in a meaningful way] for a few more years. There's a [non-trivial] possibility that people buying @340 will be know for buying close to the top, like those who bought @1k. |
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ravenjt
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October 30, 2014, 05:07:25 PM |
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Back in the old days (April 2013), it was possible to make massive returns, or massive losses, in a matter of a few days...
Mid March 2013: $50
April 9th: $230
April 16th: $65
Now that is pumpin' and dumpin'!!!
No need to wait 5 years then.
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brg444
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October 30, 2014, 05:31:14 PM |
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Too many people know about bitcoin already.
 TOO MANY he said |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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BitcoinBobbeh
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October 30, 2014, 06:32:32 PM |
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this whole thread is top kek
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By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
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erre
Legendary
Offline
Activity: 1666
Merit: 1205
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October 30, 2014, 06:41:02 PM |
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I'm the guy who buyed @ 1000 and then whatched his money slowly decreasing till now, and didn't sold. I will not sell when it will reach 1000 again, and will not @ 10000. I will not sell when it will " crash" back again to 3000. When I will be billionaire, I will be more epic than " that guy"  |
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