Are Early Adopters rich? | Bitcointalksearch.org

lixer

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Quote from: Xampeuu on October 09, 2022, 08:21:26 PM

I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time.

I think what you mean is prosperity not posterity because its meaning seems to be far from what we are talking here. Not all early hodlers are investing for prosperity but they are only using their btc as a regular currency though I think they still have something left for them so we can say that they have gained some profits but not too much when compared to those who are seriously investing for the long term.

Quote from: Xampeuu on October 09, 2022, 08:21:26 PM

those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well.

We all have our definitions of success and the first type of btc user that I said earlier can also be considered to be successful. They do have a knowledge because they didn't doubt btc on its early days. They research and knew that it was legal and very useful.

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Quote from: noormcs5 on October 03, 2022, 09:58:33 AM

Quote from: math09183 on August 01, 2022, 01:02:35 PM

I just wonder: are Early Adopters rich?
We know AA, author of "Mastering Bitcoin" was once attacked because he did not made any fortune having BTC from early years, then people donated some BTC and he collected around 100BTC.
Hal F's wife sued "I am Satoshi guy" and they were talking about $ 3-digit mln, so they are not kind of people who wait every month for their wage.
What about others? Bitcoin Core developers? Forum admins or well-known old users? Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

I don't think that early adaptors are rich. Usually, the early adopters of bitcoin may already have sold their bitcoins at cheap prices and no one in 2013-2014 era could think that bitcoin could reach 60,000$ or beyond. They may have sold at only a few dollars profit and no one had a long term vision. And we are not to blame anyone as bitcoin in early times are only considered as a game money and nothing esle.

different from now people have understood the advantages of btc for last year and more and more newcomers are here who want to own btc and dream of earning profits like early adopters but they don't realize how difficult it is for them to reach 60k$ from the start they hold btc

lixer

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Quote from: Xampeuu on October 09, 2022, 08:21:26 PM

I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time.

I think what you mean is prosperity not posterity because its meaning seems to be far from what we are talking here. Not all early hodlers are investing for prosperity but they are only using their btc as a regular currency though I think they still have something left for them so we can say that they have gained some profits but not too much when compared to those who are seriously investing for the long term.

Quote from: Xampeuu on October 09, 2022, 08:21:26 PM

those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well.

We all have our definitions of success and the first type of btc user that I said earlier can also be considered to be successful. They do have a knowledge because they didn't doubt btc on its early days. They research and knew that it was legal and very useful.

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Quote from: nullama on October 10, 2022, 05:38:55 PM

Quote from: laurenB7742 on October 10, 2022, 05:11:09 PM

~snip~
Not really, for early adopters they don't invest much but I believe their bitcoin holdings are not small, if you buy bitcoin from the early years like 2009, and 2010 bitcoin price is only 1 $ or less, then just spend a few hundred dollars you can own hundreds of bitcoins. But it is true that no one gets rich because very few people keep it to this day or until ATH 2021. No one will have the confidence and courage to hold something that increases in value a thousand times without selling them, that is our common human psychology. If so, it might just be luck because they forgot the bitcoin all these years, lost the private key and were lucky to find it back later...

Yeah, it's not an obvious thing that early adopters are rich.

Some mined thousands of coins for basically free but ended up losing those wallets, or some others might have gotten thousands of bitcoins for a few cents but ended up selling them for just a couple hundred dollars. There are many possibilities in which even if you were there very early you are today not extremely rich.

Also many people made some reasonable money, but not as much as they could have. It's easy to look back a decade or more and assume people did the optimum decisions all this time, but that's usually not how it works.

I believe there are a lot of early adopters making money from bitcoin but very few will become rich, this is just counting on the fingers. No one would have thought that bitcoin could achieve its current miraculous growth. They will probably regret seeing the bitcoin price hit ATH last year, and I believe one of them will buy back bitcoin at a higher price than what they sold. Belief in bitcoins and certainty of bitcoins is much different now than in the past, they will buy back and hold them longer for better profit.

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Quote from: math09183 on August 01, 2022, 01:02:35 PM

I just wonder: are Early Adopters rich?

we cannot truly say mate , those who are adopted Bitcoin in early stage and kept their coins on Hold are really richer, but the problem is that those who did not manage to keep it all, only those who buy or hold are much better than those panicking people.

Quote

Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

who really knows? Grin

but I have some personal friends that adopted earlier but got to lose their wallet keys and yeah they earn nothing from Bitcoin as early adopters.

Piesel

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The question should be, how many early Bitcoin adopters are still holding their Bitcoin, and how many are still stuck in Bitcoin when the price is reduced?
The answer is not all Bitcoin adopters have faith in the Bitcoin network and are ready to hold for a long time till this day, some have sold their Bitcoin when the price reached $10 thinking Bitcoin will not go beyond that price.

But for those who are still holding a good percentage of their early Bitcoin holdings, by now they run and can retire comfortably with Bitcoin.

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Quote from: laurenB7742 on October 10, 2022, 05:11:09 PM

~snip~
Not really, for early adopters they don't invest much but I believe their bitcoin holdings are not small, if you buy bitcoin from the early years like 2009, and 2010 bitcoin price is only 1 $ or less, then just spend a few hundred dollars you can own hundreds of bitcoins. But it is true that no one gets rich because very few people keep it to this day or until ATH 2021. No one will have the confidence and courage to hold something that increases in value a thousand times without selling them, that is our common human psychology. If so, it might just be luck because they forgot the bitcoin all these years, lost the private key and were lucky to find it back later...

Yeah, it's not an obvious thing that early adopters are rich.

Some mined thousands of coins for basically free but ended up losing those wallets, or some others might have gotten thousands of bitcoins for a few cents but ended up selling them for just a couple hundred dollars. There are many possibilities in which even if you were there very early you are today not extremely rich.

Also many people made some reasonable money, but not as much as they could have. It's easy to look back a decade or more and assume people did the optimum decisions all this time, but that's usually not how it works.

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Quote from: romero121 on October 10, 2022, 12:48:33 PM

According to me, very few of the early adopters of bitcoin were filthy rich. This could've happened out of luck, even the hard users of bitcoin weren't lucky enough to hold for a longer time. They just have panic mind, and this isn't the right time. Early adopters could've experienced the best out of bitcoin investment. But, countable number of users have used it in recent days.

Most early adopters didn't invest much in cryptocurrency because it was a new innovation, that is why most people always feel regret of not investing bitcoin at the early time. Few who invested in bitcoin well benefited from it, I think they quickly understood where bitcoin was heading to.

Not really, for early adopters they don't invest much but I believe their bitcoin holdings are not small, if you buy bitcoin from the early years like 2009, and 2010 bitcoin price is only 1 $ or less, then just spend a few hundred dollars you can own hundreds of bitcoins. But it is true that no one gets rich because very few people keep it to this day or until ATH 2021. No one will have the confidence and courage to hold something that increases in value a thousand times without selling them, that is our common human psychology. If so, it might just be luck because they forgot the bitcoin all these years, lost the private key and were lucky to find it back later...

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Quote from: romero121 on October 10, 2022, 12:48:33 PM

According to me, very few of the early adopters of bitcoin were filthy rich. This could've happened out of luck, even the hard users of bitcoin weren't lucky enough to hold for a longer time. They just have panic mind, and this isn't the right time. Early adopters could've experienced the best out of bitcoin investment. But, countable number of users have used it in recent days.

Most early adopters didn't invest much in cryptocurrency because it was a new innovation, that is why most people always feel regret of not investing bitcoin at the early time. Few who invested in bitcoin well benefited from it, I think they quickly understood where bitcoin was heading to.

This is why the count of those early adopters could really be counted through hands or simply they are just few and most of them had missed out the golden opportunity on doing so but its already too late for that one.

We cant really just avoid not to think that it is something that cant become big and this is why some do really miss out on accumulating.For those who had believed into those early years and do keep accumulating

and holding then they are the ones who do really get or make huge money.It would be just common sense that they are really indeed rich considering the current bitcoin price.
Its too late on going back into those early years value but doesnt mean that it is already late to invest.There's still a huge room for potential increase on upcoming future.

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Yes of course, they are super rich now if these guys bought at the start of bitcoin and continue to HODL up to this year, no doubt about it. If they taken profit last year during bull seasons, then they also be buying the dip this year which is a super great entry. I had some bitcoin 6 years ago but sadly sold it with small amount and entirely I regretted all my life and wishing myself today that I wished I hold it for long up until now.

A lot of early adopters of Bitcoin also regreted selling early too you aren't alone myself inclusive sold my bitcoin years back before the 2017 ATH, it's obvious that there are few early adopters who are very rich now having hodl their bitcoin even in the light of price increase they kept their coins, it's hard to keep hodling a coin bought at a very cheaper price when it's price had risen to reasonable price mark where some profits is guaranteed it takes a lot of courage and perseverence not to sell during those times, anonymous feature of bitcoin wouldn't reveal those rich early adopters.

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According to me, very few of the early adopters of bitcoin were filthy rich. This could've happened out of luck, even the hard users of bitcoin weren't lucky enough to hold for a longer time. They just have panic mind, and this isn't the right time. Early adopters could've experienced the best out of bitcoin investment. But, countable number of users have used it in recent days.

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Quote from: glendall on August 02, 2022, 09:33:47 AM

they should be billionaires, but with a record they hold their btc, until now even though they have sold it at 60k $ yesterday and bought it back at 20k $ still get double profits.

Well exactly like I mentioned in my previous post. If there were some that were bold enough to have held through all the ATHs the market has seen and were not tempted to sell Shocked

Do you know what it is to have bought Bitcoins for as less as $5 or even less would be seeing your wallet at a rate of $20k -$60k per Bitcoin? Truthfully, I believe that those that lost their wallet PW and later recovered it would be the most on this list Grin

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These are all about how they were doing before they started trading Bitcoin. For example most of people I knew before were just broke university students so they didn't have money to buy Bitcoin, at all. Even if they knew about it and they made money buying and holding, they couldn't become millionaires. Some people in later years preferred to stay out of Bitcoin after its crash(es). These people also couldn't become rich, watched Bitcoin through pandemic era bullrun (after pandemic started I mean)

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Quote from: Xampeuu on October 09, 2022, 08:21:26 PM

Quote from: nullama on October 03, 2022, 07:44:37 PM

Quote from: Japinat on October 03, 2022, 10:33:40 AM

~snip~
Are early adopters rich? It's safe to say yes if they managed to held the coin much longer.

It's hard to say because the idea of holding Bitcoin was very different in the beginning.

Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup.

Also, many people sold their coin when it was a bit valuable.

But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though.

I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time. Therefore, those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well.

It is surely hard for them to hold on numerous times Bitcoin and other cryptos' market value have reached different peaks but amazingly, there are people or early investors who managed to do so, and the answer to OP's question I guess is mostly no. If I qould be asked, I'm guessing that most of the early investors have sold their holdings before, perhaps the guy who traded his Bitcoins to a pizza? If you're familiar with it. Wrong to generalize but I think there are similar instances with other people of this industry. There's also this individual who accidentally lost his flashdrive containing huge amount of Bitcoins. People before were uncautious with it because they were still unaware of its potential at that time and we cannot really blame them; that's their money in the first place.

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I do not think anyone who has knowledge of bitcoin could be or remain rich based on the fact that they have had bitcoin. It is not possible that some people would have had bitcoin in large volume just like the bitcoin pizza case where a man bought pizza for 10,000 BTC, equating to millions of dollars today. oh yes, some early adopters might be wealthy now but not all holders are that smart to know when t trade their and it just might favour some while some are yet to realize they have non again. So the case of early adopters getting reach is not realistic.

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Any Doubt in it dear, the only point is if they collected so then the next point or question is did they make a strong holding of their collection if do so then they are rich. Otherwise, you better know the answer. Bro Greed for more and fear of loss can force you to do anything that may lead to the loss. For Early adopters I know that maximum of them sold due to fear before 2017 ATH.

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Quote from: Abiky on October 09, 2022, 07:36:20 PM

Quote from: nullama on October 03, 2022, 07:44:37 PM

It's hard to say because the idea of holding Bitcoin was very different in the beginning.

Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup.

Also, many people sold their coin when it was a bit valuable.

But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though.

No one in the early days thought Bitcoin would get this far. Some people became rich by "hodling" their Bitcoins until today, while others went broke in an instant. The crypto market is widely unpredictable anyways. But there are some things which tell you Bitcoin is bound to become more valuable as time goes by. One of them is Bitcoin's extremely-limited supply of 21m coins and ever-increasing demand.

If predictions are true, Bitcoin could reach $1m in the future making you filthy rich. All it takes is for you to buy Bitcoin now while it's cheap, to sell it when it goes all the way to the moon. Who knows who the next Bitcoin millionaires will be? Just my opinion

i guess not even satoshi would have thought his bitcoin would reach today's value, there will be people who become rich by having the opportunity to hold bitcoin very early but there will also be many people who sell every time it peaks. i believe people's beliefs back then were not the same as they are now, because now we have countries and companies investing in bitcoin, everything is very different

if looking at holders like us now also called early adopters, i also believe that in the future bitcoin will be worth 500k to 1 million is possible

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Quote from: nullama on October 03, 2022, 07:44:37 PM

Quote from: Japinat on October 03, 2022, 10:33:40 AM

~snip~
Are early adopters rich? It's safe to say yes if they managed to held the coin much longer.

It's hard to say because the idea of holding Bitcoin was very different in the beginning.

Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup.

Also, many people sold their coin when it was a bit valuable.

But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though.

I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time. Therefore, those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well.

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Quote from: nullama on October 03, 2022, 07:44:37 PM

It's hard to say because the idea of holding Bitcoin was very different in the beginning.

Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup.

Also, many people sold their coin when it was a bit valuable.

But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though.

No one in the early days thought Bitcoin would get this far. Some people became rich by "hodling" their Bitcoins until today, while others went broke in an instant. The crypto market is widely unpredictable anyways. But there are some things which tell you Bitcoin is bound to become more valuable as time goes by. One of them is Bitcoin's extremely-limited supply of 21m coins and ever-increasing demand.

If predictions are true, Bitcoin could reach $1m in the future making you filthy rich. All it takes is for you to buy Bitcoin now while it's cheap, to sell it when it goes all the way to the moon. Who knows who the next Bitcoin millionaires will be? Just my opinion

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