Bizmark13
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WikiScams.org - Information about Bitcoin Scams
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March 21, 2015, 11:35:02 AM |
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Well there's this man who probably posted or at least lurked back in the very early days of this forum: The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian man’s $27 investment turned into a forgotten $886,000 windfall.
Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory...
..."It said I had 5,000 bitcoins in there. Measuring that in today's rates it's about NOK5m ($886,000)," Koch told NRK...
...Koch exchanged one fifth of his 5,000 bitcoins, generating enough kroner to buy an apartment in Toyen, one of the Norwegian capital’s wealthier areas. That article was published before the November 2013 spike. Even today, 5,000 bitcoins today would be worth 1,310,000 USD. hoarding just 39 bitcoins makes you have the equivelent of 1 million american cents
hoarding just 3900 bitcoins makes you have the equivelent of 1 million american cents
I think you mean "1 million dollars" since 3,900 BTC is equal to 1,018,000 USD according to Preev. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Angelina Jolie
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Global Risk Exchange - gref.io
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March 21, 2015, 11:45:36 AM |
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As the title says, just interested, are there people on the forums who became millionaires due to BTC alone?
By 2020, when bitcoin will be 10k USD, there will be many bitcoin millionaires around... |
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CrackedLogic
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March 21, 2015, 11:53:14 AM |
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We're all millionaire's...in 50 years time. Bitcoin maybe not be a lot now, but once you cash our later it's going to be worth a lot.
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 BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES |
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futureofbitcoin
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March 21, 2015, 11:55:06 AM |
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As the title says, just interested, are there people on the forums who became millionaires due to BTC alone?
By 2020, when bitcoin will be 10k USD, there will be many bitcoin millionaires around... At 10k/ea, that's about 40x the current amount. If you buy in today, you need 25k USD to become a millionaire. It's not likely that there will be a lot of people who have 25k USD to spare for bitcoin, while not having a significant networth to begin with. Not sure how many are left who bought in at a significantly cheaper price. |
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Mehek
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March 21, 2015, 11:56:16 AM |
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I wont think so that anyone did but I guess that on satoshidise some peoples really did
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networthsigns
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March 21, 2015, 11:59:37 AM |
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We're all millionaire's...in 50 years time. Bitcoin maybe not be a lot now, but once you cash our later it's going to be worth a lot.
That is nice to know, i won't become a millionaire but my babys have a chance to break the cycle and gain financial freedom, what else could i want, that would make me happier than if i received it. Who knows though maybe it can just as easy turn the other way and crash to nothingness. Op i am sure we have many people who became millionaires and just as sure as many would have been but ended up selling their stacks far to early like the 2.6million pizza man at one point them pizza's were worth 10+million lol |
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Kprawn
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March 21, 2015, 12:06:45 PM |
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futureofbitcoin
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March 21, 2015, 12:23:14 PM |
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1 million will not buy you a very nice private island. You guys overestimate the term "millionaire". It's no longer what it was in 1950. I would say to live a "typical" "millionaire lifestyle" you probably need at the very least 30-50 million dollars. There aren't that many 30-million bitcoiners, and even those who really are the really early adopters that have 100k+ bitcoins, it's simply not liquid enough to afford them that kind of a lifestyle. At most they can buy a pretty nice house/apartment in a major city and retire, likely they'll still be interested in bitcoin's progress. |
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Q7
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March 21, 2015, 12:58:51 PM |
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I think what OP is trying to ask is whether there are any millionaires here who profited during the bitcoin boom, not trying to ask whether there's any chance for any of you guys holding onto bitcoin whether you will becomes millionaires. Never mind. I'm sure the question is 'yes'. There are lots of early adopters here and even if few of them have already made millions, might not be so kind as to let you know on the information.
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futureofbitcoin
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March 21, 2015, 01:35:29 PM |
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1 million will not buy you a very nice private island. You guys overestimate the term "millionaire". It's no longer what it was in 1950.
I find the term millionaire funny. In here, India, you can find most middle class families having properties worth several millions. You cant say looking at them how much money have they stashed away. Heck, i own agricultural land here worth a million US dollars. We dont find the term millionaire exciting much. The term has lost the value 1 million USD in India? Middle class? 1 million USD isn't a lot in New York or London or Paris or Tokyo. In India with several million? I highly doubt you can say they're middle class. |
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gentlemand
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Welt Am Draht
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March 21, 2015, 02:27:12 PM |
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Most active accounts that have been around and active since 2010 and 2011 probably have made a million or two from Bitcoin.
You'd have to be pretty heroic to have been around since those days and not sold out or been ravaged by the countless scams and failures. |
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futureofbitcoin
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March 21, 2015, 02:29:37 PM |
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Most active accounts that have been around and active since 2010 and 2011 probably have made a million or two from Bitcoin.
You'd have to be pretty heroic to have been around since those days and not sold out or been ravaged by the countless scams and failures. Or you could've forgotten about it completely in your wallet  |
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Hazir
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★Nitrogensports.eu★
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March 21, 2015, 02:55:42 PM |
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seems not to hard to become a millionaire with this roller-coaster No, if you have already 50.000 BTC or more and you acquired it in the early days of bitcoin. And I think even if there are some rich bitcoiners here they not necessary want to reveal themselves. I wouldn't brag about it either. |
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odolvlobo
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March 21, 2015, 03:20:08 PM |
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1 million will not buy you a very nice private island. You guys overestimate the term "millionaire". It's no longer what it was in 1950.
I find the term millionaire funny. In here, India, you can find most middle class families having properties worth several millions. You cant say looking at them how much money have they stashed away. Heck, i own agricultural land here worth a million US dollars. We dont find the term millionaire exciting much. The term has lost the value 1 million USD in India? Middle class? 1 million USD isn't a lot in New York or London or Paris or Tokyo. In India with several million? I highly doubt you can say they're middle class. Rupees are used in India. 1 million rupees are worth only 61 BTC. |
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The Bitman
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March 21, 2015, 04:37:24 PM |
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Not a millionaire, but in the summer of last year I found 10 coins on a wallet I had from when I first heard about BTC and I sold them for just over $10,000. Not a huge amount of money to some, but did enough for me so I could spoil myself and treat myself to a very nice new laptop and a short holiday. |
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Vhawk23
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March 21, 2015, 04:52:02 PM |
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In my Country.... Yes Bitcoin here is 2-3 Million  So... yup, i live in Indonesia |
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Tomatocage
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brb keeping up with the Kardashians
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March 21, 2015, 06:19:19 PM |
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No idea what you're talking about, man. I lost all my gold/silver/Bitcoins in a boating accident.
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Soros Shorts
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March 21, 2015, 06:22:52 PM |
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Not a millionaire, but in the summer of last year I found 10 coins on a wallet I had from when I first heard about BTC and I sold them for just over $10,000. Not a huge amount of money to some, but did enough for me so I could spoil myself and treat myself to a very nice new laptop and a short holiday. Who was the sucker who paid $10K for 10 BTC last summer? I have some coins I'd like to sell him. |
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Amph
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March 21, 2015, 06:24:34 PM
Last edit: March 21, 2015, 08:25:45 PM by Amph |
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I doubt it that the early adopters that became millionaires are still lurking around on this forum and rather having the time of their lives partying.
some of them lost all coins, like the one that lost million with his HDD being destroyed in the rubbish dump, other simply bought something like cought pizza cought, and others sold them all when they were pretty cheap |
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