Topic: Holy crap heading past $1,000 !!! - page 2. (Read 4275 times)

Indeed, we need $3000-5000 and 500 coins to become a rich man.
Moreover if someone just have less than 100 coins, obviously not rich to sell at $1000.
So, working to earn bitcoin as much as you can and saving it for your future.
I like to suggest do not sell any coin that you have unless there is no any option when you desperate for money.

even with 10 coins there's no way you can be rich with that. That's barely 10.000$, I don't understand your math

I really need to ask how much you think will make one rich because for me I would need lie 10 btc to reach that milestone in which I am not even anywhere close to even if its $2000 and same thing applies to someone who has been able to gather or even own 0.1btc... But for others with sizeable amount of BTC then its really a dream come true...

If you are not almost rich by now, you wont be rich. This getting rich quick scheme by making leverages hoping for price increase rather than its fluctuations is mostly not working. Im not saying its not working for everybody. Just saying my cents.

 i have to move my altcoins to btc. except that ICN  

It's pretty amazing that the price is this high. It seems like it must be a short term pump, but you never know.

When did you start mining LTC and what is your current hashrate + config?

I bought some in the middle of last year. But I will hold for the next few years. I might be very rich then.

What i see in the chart is the same as you, it seems Bitcoin is still stand in a spike and will eventually decline.  There around $150 increase from last week and if the price push thru $1000, that would be a steep incline which is always followed by a correction or a dip in price.  Anyway if the rally continues, we might be able to see $1000 before the end of this year.

You'll surely going to be rich if you had so many amount of bitcoin and you bought it at $500 price value and you are going sell it at $1000 . but i know that some people won't be satisfied for that, maybe they'd say that if you had a lot of btc 800+ for example and the price goes higher than $1000 then you're already rich .

Holding 92 btc and mining still ltc to btc after elec for an ROI of 2.1 btc profit a month. BTC will have to dump below
201.21 usd before I start to head into a loss. So holding has been 'berry berry good to me'

I didn't denied him being important or not, that's just that I find him less important than theymos, and I challenge you to prove me wrong ! Except if he's traficking the price in his exchange (which wouldn't surprise me with all this faked volume), I don't see how he could predict anything, because the price trends are not based on anything perpetual and exact.

I wouldn't call Bobby Lee a lot less important as he is a very influential person in the Bitcoin world. Especially when you consider that BTCC is at this point, according to their daily volumes, the largest Bitcoin exchange in the world. On top of that is their pool BTCC Pool good for 10% of the total network power. He can very well estimate what might happen since he has access to all information whales here would be more than happy to know.

Current rise of price is looking very solid this time much close to pass the $1.000 at any moment. Waiting to see when this happen with this trend price is moving up and up.

The media is also driven by FUD.....the more FUD the spread about 'evil BTC' the more money they make. (Those who did not get in early or buy that it is a scam/ponzi...love the
scent of failure)

Thus I expect some FUD popping up here soon. Some of it will be just noise....but it will probably cool the hype a bit on newbies getting in.

Stuff like

1) China Banning BTC ..they likely will make a big noise and try to...but as most of the exchanges are out of the country that probably won't work well. Unless
they ban BTC mining in China..that is not gonna happen..but it would be the kind of press FUD frenzy that would carry on for 4-6 weeks till it petered out.

2) Trump administration doing the same as the above. They are already saying they want to get rid of 'net neutrality' so the big boys can get more bandwidth than
the rest of us..possible..same result as China actions...but lots of noise and FUD to sell papers and get eyeballs to your site.

3) The usual some other coin is gonna surpass BTC in that the block size debate etc..no one in charge argument that crops up every 6 months in a FUD stream

So it all depends...is the use as a store of value and moving income around w/o government and banks in the way and such enough to blow past this stuff
or will (for a while ) btc do the usual 'sideways shuffle' in price...when the FUD hits the fan...it is coming....may not have any effect at all...but a lot of people
hate BTC and its very concept...and most of them have the $$$ to try to get their way...imho it is like trying to nail down jello..but heck if you need a hobby.

Anyway figure not much will come from all this FUD and hand wringing etc....but again it could moot price in a sideways manner again for bit in stops and starts

so hold is what I'm gonna do ...(this too shall pass if it comes as I expect it too...FUD how to cope when you missed out on whatever)

my 2 satoshi's worth

Talking about the marketcap is totally useless when we talk here about a technology. That's more the combinated value of all the bitcoins rather than a marketcap. There's even people talking about the "marketcap" of gold... Thinking in marketcap has no purpose I think, and comparing it to big technological companies that has an inflated marketcap is also not a very good idea because it has no utility.

While the price will continue to rise on such rate, many will invest, fearing to not miss another train.
The media is always attracted by the too big changes, so it will help advertising.
I feel like in the pre-dox months when Bitcoin used to rise and rise, like it would be unstoppable. Those were my first months in crypto world, media made me too come back then.

15 billion market cap is still much smaller than the google or microsoft. The price of bitcoin will still be volatile.

Oh ok, my bad. So a lot less important person for sure. You know, the price does not only fall when something wrong happens. The market is totally unpredictable, so even if all the lights are green, we might have a big hard dump. That's even a nearly-exact consequence when there is such an increase in price in a such little timespan.

BTCC = BTCChina exchange, and the big man there is Bobby Lee. Of course, at some point we will definitely see a decent correction, but at this point the sentiment and momentum are in ultra good condition. If we happen to go through a correction at the early part of 2017, we'll definitely be able to continue the current bull run a few months after that. That's of course assuming nothing bad happens as was the case with Bitfinex months ago.