Topic: Bitcoin millionaires, tell us your story! (Read 20532 times)
On the other hand, 1BTC will always = 1BTC
Kids, a million dollars really isn't all that much anymore. I know it appears to be alot if you are making minimum wage and living in your parents basement. But if you are out in the world and paying your own way, your own insurances etc (because you are living on your million dollars without having a job), you may not even be able to live to retirement age on that much money, much less continue on into your golden years with a reasonable level of finances.
Just sayin...do the math and tell me I am wrong...
Say you are 25 years old and will retire at 65. One million dollars is only $25,000 per year (not counting a hit of about 38% in taxes). Then at 65 you will have about zero dollars remaining.
Don't tell me about making wild interest on your money. Interest rates are near zero. Inflation is going to further erode the value of your money.
One million dollars is not nearly enough to get you through life comfortably.
Just sayin...do the math and tell me I am wrong...
Say you are 25 years old and will retire at 65. One million dollars is only $25,000 per year (not counting a hit of about 38% in taxes). Then at 65 you will have about zero dollars remaining.
Don't tell me about making wild interest on your money. Interest rates are near zero. Inflation is going to further erode the value of your money.
One million dollars is not nearly enough to get you through life comfortably.
interest rate in offshore banks are 5% , if you put a 1 million , you get 50 000 clean . Your telling me you can't live of $50 000 a year ?
If you are taking out the interest rent each year in cash, the million stays as a million. Each year the million gets less worth regards to theincrease of living cost each year. In 30 years that million maybe is worth 50 000 usd in todays value. Its inflation. Rich people are worried with that the cash shrinks if they do not do anything, thats why rich people invests in start ups, trading and more. If not they do that they will in the future not be rich anymore.ITS A ENDLESS GAME.
What do u mean by millionaire here ? A million USD, a million JPY, a million INR or what ?
A million satoshis
What do u mean by millionaire here ? A million USD, a million JPY, a million INR or what ?
i just read this... if its true, its really sad.
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
The greatest thing that the slaveholders ever did was convince people that slavery no longer exists.
I own 10 bitcoins and oh boy let me tell you... it feels great to be a millionaire at age 25
Retard at work!
Why do people dream of retiring and being "set for life" anyway. Its a pretty boring way to live.
Right now I work and I have to work when the boss says so. If I was retired and set for life , I could do what I want when I want
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
i just read this... if its true, its really sad.
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
I am seeing more and more people doing two-jobs at a time, working up to 16 hours a day. Sad.
We poor millionaires feel broke but these people are straight up shits creek with no paddle.
This is what people have to realize. The US dollar, federal reserve, banksters and all their cronies
Have totally fucked over everyone .. If you're not outraged you are definitely not paying attention.
Of course I'm preaching to the choir here ....sigh
i just read this... if its true, its really sad.
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
I am seeing more and more people doing two-jobs at a time, working up to 16 hours a day. Sad.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
i just read this... if its true, its really sad.
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
http://www.infowars.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year/
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Kids, a million dollars really isn't all that much anymore. I know it appears to be alot if you are making minimum wage and living in your parents basement. But if you are out in the world and paying your own way, your own insurances etc (because you are living on your million dollars without having a job), you may not even be able to live to retirement age on that much money, much less continue on into your golden years with a reasonable level of finances.
Just sayin...do the math and tell me I am wrong...
Say you are 25 years old and will retire at 65. One million dollars is only $25,000 per year (not counting a hit of about 38% in taxes). Then at 65 you will have about zero dollars remaining.
Don't tell me about making wild interest on your money. Interest rates are near zero. Inflation is going to further erode the value of your money.
One million dollars is not nearly enough to get you through life comfortably.
Just sayin...do the math and tell me I am wrong...
Say you are 25 years old and will retire at 65. One million dollars is only $25,000 per year (not counting a hit of about 38% in taxes). Then at 65 you will have about zero dollars remaining.
Don't tell me about making wild interest on your money. Interest rates are near zero. Inflation is going to further erode the value of your money.
One million dollars is not nearly enough to get you through life comfortably.
In the US - possible. In Europe there are still countries where minimal wage is about 5k$/year! I happen to live in one of those, so I guess 25k/year would allow you to live like a king there. I also stopped living with my parents when I was 18 and I'm telling you 1mil can be a shit load of money. I personally know people that earn less than 3$/h
Where do you live?
$25k in the US basically allows you to live in poverty. You can work as a McDonald's cashier and make a little under 25k. To live a "comfortable" middle-class life requires about $70k a year, assuming 0 inflation.
yeah...it really sucks... being a millionaire in the usa
doesnt mean you're rich. AT ALL!
$70k a year used to be good money...
what a joke this fiat money is with its inflation.
Thank god for Bitcoin!
Punchline?
Looks like bitcoin accomplishes one thing quite well: exposure, ironically.
While it protects via anonymity, it exposes through protest. The ones who seriously want to squelch it do not have human interest in mind, they are anti freedom, and anti progress...and pro corruption and greed. To not promote a free market currency is to show your colors as a vile corrupt psychopath...so we'll all know who to steer clear of.
It also exposes the weak spined cowards who are too lazy and inept to just fucking adapt and take responsibility for governing SELF.
And those who cannot adapt go the way of the dinosaurs.
You don't have to believe in evolution or natural selection but it won't save you from being a victim of it...
Looks like bitcoin accomplishes one thing quite well: exposure, ironically.
While it protects via anonymity, it exposes through protest. The ones who seriously want to squelch it do not have human interest in mind, they are anti freedom, and anti progress...and pro corruption and greed. To not promote a free market currency is to show your colors as a vile corrupt psychopath...so we'll all know who to steer clear of.
It also exposes the weak spined cowards who are too lazy and inept to just fucking adapt and take responsibility for governing SELF.
And those who cannot adapt go the way of the dinosaurs.
You don't have to believe in evolution or natural selection but it won't save you from being a victim of it...
Why do people dream of retiring and being "set for life" anyway. Its a pretty boring way to live.
I'm gonna take a wild guess and say you've never experienced the wage-slavery that is a shitty minimum wage (or near-minimum) job in Amerikkka. Or if you have, you've long since forgotten how soul-destroying it was.
Some crappy jobs are OK short-term.
It can depend on who you work with and what you do.
The age or full name won't be released, but someone made 300million off BTC last month. His name rhymes with Dark Barpeles.
Who is that?
Who is that?
And he's gonna spend half of his wealth on his lawyers ...right ? + He'll live rest of his life with the fear of being murdered any time.
Is that a millionaire lifestyle ?
It would take balls of steal to lift that much money out of a pool of victims which almost certainly include some pretty rough players. I sense that Karpeles is indeed kind of a detached air-head, but nobody is that stupid. I'm betting that there is more to the story than we currently think we know.
OTOH, nobody has yet been subject to much more than a few weeks of abuse on trolltalk even when they lift millions. Maybe even half a billion is safe to pocket? Time will tell I guess.
The age or full name won't be released, but someone made 300million off BTC last month. His name rhymes with Dark Barpeles.
Who is that?
Who is that?
And he's gonna spend half of his wealth on his lawyers ...right ? + He'll live rest of his life with the fear of being murdered any time.
Is that a millionaire lifestyle ?
The age or full name won't be released, but someone made 300million off BTC last month. His name rhymes with Dark Barpeles.
Who is that?
Who is that?
I KNOW yall aren't so naive as to think fiat millionaires are being good little boys and girls and reporting their real wealth to the IRS like they're all "supposed" to. Get real. The more wealth they build, earn or steal, the more creative ways they find to AVOID giving the IRS jack shit if they can help it.
The rest of the non millionaire world gets the abuse and shake down because they don't have the wealth to avoid it. Bitcoin gives them that opportunity...and they won't be paying the IRS there either...and the IRS knows it...and if the IRS doesn't know it, it will soon enough.
Then it'll just be too late,
Get real. The more wealth they build, earn or steal, the more creative ways they find to AVOID giving the IRS jack shit if they can help it. The rest of the non millionaire world gets the abuse and shake down because they don't have the wealth to avoid it. Bitcoin gives them that opportunity...and they won't be paying the IRS there either...and the IRS knows it...and if the IRS doesn't know it, it will soon enough.
Then it'll just be too late,
I'm betting that the ascii string 'bitcoin' will trigger extra scrutiny over the next few years. Also that the linkages which might tie one to that revenue stream will be analyzed with extra scrutiny.
I also don't think that even large Bitcoin players have had the time to arrange for the same kinds of graft that the typical mainstream financial types leverage.
For these reasons, it would not surprise me if a fair number of high powered Bitcoiners actually do decide to dot all of their 'i's, etc. Most people who have money didn't get that way or don't stay in that category by making silly mistakes. Bitcoiners who play their hand right may well end up with enduring wealth. Those who don't may very well find themselves body-slammed as a result of their 'creativity'.
I actually hope that Bitcoiners do get away with 'cheating' since a good part of my tax dollars are going to be supporting things I vehemently oppose (e.g., killing villagers with drones, ethnically cleansing the Palestinians, etc.) For my part, I don't play around with stuff I don't understand, and I don't feel like putting in the effort required to game the tax system significantly. I'll grit my teeth and pay my taxes. If interpretations change, I'll file for a refund (which I've done in the past successfully.) Through what is mainly luck I've had some good timings over the course of my experience with Bitcoin. I'll just pretend that my timing fell a little shorter than it did. I've still made a bundle on Bitcoin, and the potential exists to make a bunch more.
Why do people dream of retiring and being "set for life" anyway. Its a pretty boring way to live.
I'm gonna take a wild guess and say you've never experienced the wage-slavery that is a shitty minimum wage (or near-minimum) job in Amerikkka. Or if you have, you've long since forgotten how soul-destroying it was.
...
I sold 500 BTC for $119.99 and I used the fiat to buy a nice car: http://www.lexus.co.uk/car-models/rx/rx-450h/ In real terms, it cost me less than $2000.
...
I sold 500 BTC for $119.99 and I used the fiat to buy a nice car: http://www.lexus.co.uk/car-models/rx/rx-450h/ In real terms, it cost me less than $2000.
...
Looks like a modernized version of the Ford LTD that my grandfather had.
When I can afford an old station wagon, I will finally be set for life.
I KNOW yall aren't so naive as to think fiat millionaires are being good little boys and girls and reporting their real wealth to the IRS like they're all "supposed" to. Get real. The more wealth they build, earn or steal, the more creative ways they find to AVOID giving the IRS jack shit if they can help it.
The rest of the non millionaire world gets the abuse and shake down because they don't have the wealth to avoid it. Bitcoin gives them that opportunity...and they won't be paying the IRS there either...and the IRS knows it...and if the IRS doesn't know it, it will soon enough.
Then it'll just be too late,
Get real. The more wealth they build, earn or steal, the more creative ways they find to AVOID giving the IRS jack shit if they can help it. The rest of the non millionaire world gets the abuse and shake down because they don't have the wealth to avoid it. Bitcoin gives them that opportunity...and they won't be paying the IRS there either...and the IRS knows it...and if the IRS doesn't know it, it will soon enough.
Then it'll just be too late,
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