Perhaps only a little of them managed to become very rich due to obvious reasons. A lot of them probably sold even before bitcoin gained the traction that it needed in order to keep breaking records. Those who are considered as early adopters but aren't rich may have sold their coins along the way.
I was in the game when bitcoin was around $200. Bought some during those times and kinda forget that I have some bitcoin lying around on a mobile wallet and sold those at 2017. Until then I'm just rebuilding the stash but was tempted to sell at $65k and hoping to rebuild my stash again. Am I rich? Far from it. But one thing is for certain though: those bitcoin profits that I have had helped me settle in an extremely comfortable position for my personal finances. I can stop working right now and still be able to afford rent and some vacations here and there for the next 10 years, but of course I won't do it.
Topic: Are Early Adopters rich? - page 8. (Read 1548 times)
still hoarding since 2012
im 'explorer rich' (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
im 'explorer rich' (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
@Franky1, this is amazing, it's been 10 years now since 2012 and you never sold everything not even when the price of Bitcoin was higher than it is now, I believe OP and other new members like me will be encouraged not to give up no matter the current situation of the Bitcoin market after seeing your contribution here. Indeed Bitcoin is financial liberty and freedom for anyone who understands the importance of it will never be in a hurry to sell instead of holding and buying more during bear season like as it is now so that when the price goes up (Bull run ) more profit will be made.
There are very few early adopters from the initial years of bitcoin. We can't say exactly how many of them got rich and maintained a solid patrimony till today, because financial management isn't a common skill to every individuals. Several lottery jackpot's stories show us that: people who won huge sums of money, but ended bankrupted because they didn't use their money wisely.
The same might have happened to some bitcoin early adopters.
Moreover, I don't know about living in castles, but there are indeed early adopters enjoying very confortable and pleasant lives thanks to increasements in btc's price since the beginning.
The same might have happened to some bitcoin early adopters.
Moreover, I don't know about living in castles, but there are indeed early adopters enjoying very confortable and pleasant lives thanks to increasements in btc's price since the beginning.
I don't know if I qualify as an early adopter, but I was buying when the price was 500 to 800 USD. I don't feel rich by any means. I live a normal life, comparable to the people around me. I just have more savings and of course my unrealized profit from bitcoin, but I'm not going to sell anything at this price.
I know of some bitcoin investors like the ones in the news. People who made bitcoin casinos before 2015 are doing pretty well and living in expensive houses. You probably know who I'm talking about.
I know of some bitcoin investors like the ones in the news. People who made bitcoin casinos before 2015 are doing pretty well and living in expensive houses. You probably know who I'm talking about.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Well, I, in my own opinion can say "yes" to OPs question, but I must also emphasize that not all the early adopters are rich, some, like the dogecoin founder, sold their bitcoins too early, squandered the money realized and today, they are so broke and too ashamed to show up on this forum.
Some others lost access to their coins out of negligence and lack of interest and concentration when they were creating their wallet, all because Bitcoin had no value back then and they never believed it would be this valuable today, some of this set of people are also ashamed to show up on this forum.
While the last set, who are those that believed and held their coins, today are Billionaires and trillionaires, some people in this set no longer show up on this forum too, because either they see no reason to still be here, or they now have lots of companies and businesses to manage, and no longer have time to show up here.
Some others lost access to their coins out of negligence and lack of interest and concentration when they were creating their wallet, all because Bitcoin had no value back then and they never believed it would be this valuable today, some of this set of people are also ashamed to show up on this forum.
While the last set, who are those that believed and held their coins, today are Billionaires and trillionaires, some people in this set no longer show up on this forum too, because either they see no reason to still be here, or they now have lots of companies and businesses to manage, and no longer have time to show up here.
If they have hold on to their coins til this day they'd be rich. Some of them didn't, we have heard of stories of regrets and post on twitter that they've sold for $8 each thinking BTC is just a hype.
There may still be users who wil still be ich when MtGox coins will be returned. Sooner I guess we'll be seeing their posts here.
There may still be users who wil still be ich when MtGox coins will be returned. Sooner I guess we'll be seeing their posts here.
Early adopters who didn’t sell much too early are fiat rich. There are many early adopters who sold too early & will forever live in regret. I have seen loads of broke early adopters even on this forum.
Obviously yes, even if they have sold early they'll be able to afford anything they want however it will depends on how early they were able to sold all their coins. However, it is highly unlikely for them to sold all of their coins especially if they are part of it (bitcoin).
Anyways, it is just as what franky have said above. Without cashing out or converting their coins into fiat, they are rich on paper which is the value of their assets (bitcoin) in fiat.
Anyways, it is just as what franky have said above. Without cashing out or converting their coins into fiat, they are rich on paper which is the value of their assets (bitcoin) in fiat.
that said i have had many many years without the burden of trying to kiss some managers ass for a wage, or having to charm some employer to pay me to do their dirty work. so bitcoin has offered me many freedoms to be myself and do what i wanna do, which to me has been worth more than the small allotments i has played with along the years
What's your long term plan? You have enough for yourself, but there must be an idea for what you'll do beyond that?
What about others?
...
well-known old users? Are they crazy rich living in their own castles or did they lost their coins,
...
well-known old users? Are they crazy rich living in their own castles or did they lost their coins,
still hoarding since 2012
im 'explorer rich' (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
i have took some out to cover a comfortable life, travel and leisure, but not really much in the scheme of things
that said i have had many many years without the burden of trying to kiss some managers ass for a wage, or having to charm some employer to pay me to do their dirty work. so bitcoin has offered me many freedoms to be myself and do what i wanna do, which to me has been worth more than the small allotments i has played with along the years
is pretty high in our country.It is really just amazing that there are people who had been those early adopters do still decides on holding their coins even if it would take a decade.
No one really loves on kissing managers asses but people arent really just too serious on finding ways for them to break out into that shackle and putting up to their minds that they dont have
any choice.Old users whether they had remembered out their coins or not and there's nothing we could able to know their condition or situation but definitely they are hell of a rich person
specially early adopters are holding good or significant numbers of coins into their wallets.
What about others?
...
well-known old users? Are they crazy rich living in their own castles or did they lost their coins,
...
well-known old users? Are they crazy rich living in their own castles or did they lost their coins,
still hoarding since 2012
im 'explorer rich' (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
i have took some out to cover a comfortable life, travel and leisure, but not really much in the scheme of things
that said i have had many many years without the burden of trying to kiss some managers ass for a wage, or having to charm some employer to pay me to do their dirty work. so bitcoin has offered me many freedoms to be myself and do what i wanna do, which to me has been worth more than the small allotments i has played with along the years
I just wonder: are Early Adopters rich?
I suppose that under a number of conditions (like sufficient patience and endurance) this is so. Here are 2 examples: Winklevoss brothers and Tim Draper. But it seems to me that they were no longer poor even before their interest in bitcoinWe 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?
It would be interesting to hear answers from them, but I think we will not wait for a response from those who still hold hundreds and thousands bitcoin or have made decent money from it in the past. Only those who sold bitcoin for cheap or lost access to them can share their stories. These are my guesses. 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?
Some are and some are not, most of the early adopters who sold btc at very cheap prices never thought it will be this expensive, take the case of the pizza guy for example, see the amount of btc spent for a pizza! if he had held them for the long term he would be very rich. it all depends on the trust each one of them had towards the tech, those who held and were determined to see what will become of btc and were able to withstand the high volatility are probably rich now. Aside from being an early adopter, it takes a lot of trust, determination, and patience to actually become very rich as an early btc invsetor.
I just wonder: are Early Adopters rich?
Whether they are rich or not now depends on the level of financial discipline and wisdom they have expressed and still have currently. More money doesn't ensure that someone becomes rich, as a matter of fact if one suddenly runs into huge money without financial wisdom and discipline, he/she is at the danger of running into debts from an unplanned lifestyle. Early adopters have become rich if they still possess the bitcoins they purchased then when bitcoins was affordable to almost everyone.
It depends if they managed to resist the temptation to sell or spend. It's conceivable that many of the people who got in super early when BTC was <$1 may have assumed $10 or even $100 would be the highest it could ever go and sold the lot. If they held, then yes, they're pretty rich.
I just wonder: are Early Adopters rich?
Obviously, they become very rich only if they still have bitcoin up to now which means they can still access their wallets. Price fluctuations have determined their fate and you can probably find a lot of information about anyone who got rich in the last decade because of bitcoin.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,
They don't tell you how many bitcoins they have in their wallet, just speculating about them might not solve the problem you want to know about. But I can say that there are quite a number of traders and investors in this forum. They are rich because of bitcoin, but anyway we don't know how much.
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?
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?
Jump to: