Author

Topic: I am buying BTC and hold them and even forget about them and in 4 years... (Read 5458 times)

legendary
Activity: 1540
Merit: 1000
People are making the mistake of treating Bitcoin like a commodity, in 4 or 5 years paper money could easily collapse and you'll only have 40BTC - 50BTC to play with no one can say for sure how much a 1BTC will be worth to people when our current economic system does collapse but you don't want to make the mistake of valuing things purely in dollars.

yeah, well, i guess that makes the "will BTC reach $100,00." threads more plausible.. but i suspect they mean $100,000 in today's terms. i guess i should respond in those threads that "yeah, that might happen, but it might cost you $150 for a big mac at that point."

I want more Bitcoin, Gold and Silver Cheesy so I couldn't care less about the USD price but that is my point, if the dollar rises continuously in Bitcoin then you can bet that stupidly high living costs will follow soon after and they're already ridiculous as it is at least if you hold something of value you can trade it for essentials when things go to hell.
member
Activity: 70
Merit: 10
If financial systems collapse and bitcoin remains stable, it is worth even more. Not expressed in dollars but in purchasing power. Still a good idea in your scenario to have some just in case.
sr. member
Activity: 434
Merit: 250
People are making the mistake of treating Bitcoin like a commodity, in 4 or 5 years paper money could easily collapse and you'll only have 40BTC - 50BTC to play with no one can say for sure how much a 1BTC will be worth to people when our current economic system does collapse but you don't want to make the mistake of valuing things purely in dollars.

yeah, well, i guess that makes the "will BTC reach $100,00." threads more plausible.. but i suspect they mean $100,000 in today's terms. i guess i should respond in those threads that "yeah, that might happen, but it might cost you $150 for a big mac at that point."
legendary
Activity: 1540
Merit: 1000
People are making the mistake of treating Bitcoin like a commodity, in 4 or 5 years paper money could easily collapse and you'll only have 40BTC - 50BTC to play with no one can say for sure how much a 1BTC will be worth to people when our current economic system does collapse but you don't want to make the mistake of valuing things purely in dollars.
member
Activity: 70
Merit: 10
My tip would be don't forget about them, you wouldn't be the first to format your computer or loose a paper wallet. Further, is you can miss the money and are down with extremely high risk investmen, go for it. It's a funny thing, in the long hall (4 years in your case) there aren't many possibilities next to multiplying your money or end op with zero. Wish I had the money to make this kind of investments Wink
full member
Activity: 154
Merit: 100
I would like to do that but i cant forget about them Sad
newbie
Activity: 56
Merit: 0
of couse you will.just do it.
sr. member
Activity: 322
Merit: 250
I higly approve of this plan. Cheesy
But i won't forget about them... I'll try to acquire more!
member
Activity: 112
Merit: 10
good luck forgetting about them..
member
Activity: 102
Merit: 13
How do I change an avatar?
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

It is impossible to forget about bitcoins once you invested in them. Probably in 3-4 years you will start using them with services that will appear in your city never wanting to cash out to fiat again. Bitcoin is not only an investment but also an open market community.
sr. member
Activity: 434
Merit: 250
Anyone who tries to speculate in Bitcoin will surely be disappointed.

Unlike fiat currencies Bitcoins biggest strength is its volatility...keeps the scum away.

With that being said, I don't think there is anything wrong with holding on to Bitcoin as a hedge against fiat currencies.
hero member
Activity: 602
Merit: 500
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.
What do you think about this strategy?
How much do you think each BTC will cost in 5 years?
I will try to buy at least 20 or 40 BTC
Will I be rich in 5 years?
I am  about to do the same strategy.
read theses articles and watch the Video
http://bullmarketthinking.com/charts-bitcoin-vs-10-of-the-biggest-bubbles-in-human-history/
http://www.businessinsider.com/bitcoin-price-2013-11
http://www.businessinsider.com/why-bitcoin-speculators-laugh-at-anyone-who-calls-it-a-bubble-2013-4
http://www.youtube.com/watch?v=qHUPPYzzZrI
As the market is very bullish now you might reduce the risk of total loss by doing like that:
In case you get with 3,4,5,or 6 or even 10 BTC the sum by which you bought all the 20 or 40 BTC you are out of risk anymore.
Read the 3.link
If you do so you got one big advantage : you will save your nerves.
Just one short look each day whats going on will do.
full member
Activity: 154
Merit: 100
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?


you just need to make a papper wallet and put it on the safe place
newbie
Activity: 43
Merit: 0
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

It's really good idea! If I had this money I would do that! There is always risk you can loose but it's everywhere! Good luck with that! Wink
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
~100 BTC should be everyones goal, with the idea of spending 10% per year to help grow the Bitcoin economy.

Get a 2nd job, or sell your car and take public transportation or get a super cheap 1990s car for the next 2 years.

Dont buy that latte everyday. Save your pennies and put it into crypto - BTC and LTC. 

As BTC goes up in USD value, even if you spend 10% per year you will still see your total USD value go way up and you wont ever run out of coins.

But we cant just horde them people, the economy wont work that way. We must spend a % of our coins for all this to work.

sounds like a good idea.

take a look here:

http://www.bitcoinblackfriday.com/
hero member
Activity: 1484
Merit: 500
Across The Universe
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Just wondering what are the method you are going to use to remind yourself of the password after 4-5 years...

Perhaps QR Code Photo ... Smiley
Or a favourite song ...
legendary
Activity: 3038
Merit: 1032
RIP Mommy
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Are you 7?  You JUST started a thread saying you are done with BTC and giving your coins away.

Haha, make that ignore highlight burn!
sr. member
Activity: 350
Merit: 253
Can`t help but laugh at those on here who take it for granted that bitcoin investing equals guaranteed returns year after year like they`ve found a money tree. Past growth is no guarantee of future performance, this whole thing could tank in the next year or two if insufficient new investors don`t come forward, and you`d be stuck holding the bag.

Of course, by then, maybe a second rally would start up, but who can say. I half think the OP was joking, `I`m going to buy this high risk asset and just sit on it for 5 years. What do you think? Good idea?` Sorry if you were serious, no offense intended.
sr. member
Activity: 378
Merit: 255
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Just wondering what are the method you are going to use to remind yourself of the password after 4-5 years...
hero member
Activity: 910
Merit: 501
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Are you 7?  You JUST started a thread saying you are done with BTC and giving your coins away.
member
Activity: 119
Merit: 10
And what would be a good number of BTC to hold for 4 years?
full member
Activity: 154
Merit: 100
you could have a great profit or 0$ in 5 years. IT depends how many ppl will use it in 5 years
full member
Activity: 173
Merit: 101
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

This is a good implementation of the classic buy-and-hold strategy.

Yes you will be rich   Cheesy - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders.

http://btc.ondn.net/search

Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.


No you will not be rich

Bitcoin is still a gamble, and a gamble that could go wrong.  Current growth rates are NOT organic, they are a result of media hype leading newbies like you into buying thousands of $s worth thinking he will be rich in 5 years.  If we all buy to hold there will be a monumental crash. 

However, bitcoin does have the potential to make you rich.  Growth can be organic, it can be used worldwide, and it can become the most widely used medium of exchange on the internet.  But don't think its a get rich scheme guaranteed.  Theres a reason the most financially rich and financially smart people in the world haven't got involved yet.

This sums it all... People who are new to this think they will become millions if the current trend of price rising stays. Greed will be peoples downfall. I know few people that are sitting on 2k+ coins and they are waiting for 2000$+ to sell....
newbie
Activity: 56
Merit: 0
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

This is a good implementation of the classic buy-and-hold strategy.

Yes you will be rich   Cheesy - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders.

http://btc.ondn.net/search

Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.


No you will not be rich

Bitcoin is still a gamble, and a gamble that could go wrong.  Current growth rates are NOT organic, they are a result of media hype leading newbies like you into buying thousands of $s worth thinking he will be rich in 5 years.  If we all buy to hold there will be a monumental crash. 

However, bitcoin does have the potential to make you rich.  Growth can be organic, it can be used worldwide, and it can become the most widely used medium of exchange on the internet.  But don't think its a get rich scheme guaranteed.  Theres a reason the most financially rich and financially smart people in the world haven't got involved yet.
newbie
Activity: 42
Merit: 0
Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  Undecided
However, this would've worked a lot better if you did it when BTC was 1$  Tongue

So what you are saying is that BTC is not gonna go up more, that is going down and is not worth it anymore?Huh?


I really do not agree with you I thinl btc will hit th 10,000 with in 1 to 2 years...

And how did you based your predictions? On what? Tomorrow will probably be the D-day for Bitcoin future when Senate decides ( and most likely it will ) what to do with them. If they give green light price might go to 1000+ in matter of minutes/hours and if they say that everyone who uses them is a terrorist, a threat to national security the price will drop... So you can double your money by Monday evening if you are willing to risk....

I had no idea about this..
full member
Activity: 173
Merit: 101
Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  Undecided
However, this would've worked a lot better if you did it when BTC was 1$  Tongue

So what you are saying is that BTC is not gonna go up more, that is going down and is not worth it anymore?Huh?


I really do not agree with you I thinl btc will hit th 10,000 with in 1 to 2 years...

And how did you based your predictions? On what? Tomorrow will probably be the D-day for Bitcoin future when Senate decides ( and most likely it will ) what to do with them. If they give green light price might go to 1000+ in matter of minutes/hours and if they say that everyone who uses them is a terrorist, a threat to national security the price will drop... So you can double your money by Monday evening if you are willing to risk....
hero member
Activity: 826
Merit: 501
in defi we trust
in 3 years, those bitcoins are worth the value of 10 mils usd now , you still keep them

2 days before the 4 year anniversary ,you get sick or you have a car accident. (god help not)  , but your coins value 15 mils.

Now really , are those extra 5 mils on top of the other 10 more valuable than 12 months of living normally?

full member
Activity: 294
Merit: 100
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?
At this time in 5 years you will be a millioner Smiley
full member
Activity: 188
Merit: 100
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Good idea, the value might go 10x of what is today.....
sr. member
Activity: 275
Merit: 250
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Just wondering what are the method you are going to use to remind yourself after 4-5 years...
sr. member
Activity: 378
Merit: 250
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Yes you will be rich in 5 years, but the good question is, will you remember it after 5 years?
sr. member
Activity: 434
Merit: 250
just look at it as a lottery ticket, but with better odds than the actual lotto system.
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
I hope you are rich then.  It may work.  I think that if people are content to hold onto their bitcoins and not sell them then that will help the price overall.
member
Activity: 119
Merit: 10
Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  Undecided
However, this would've worked a lot better if you did it when BTC was 1$  Tongue

On the other hand, why do you say that I could lose my wallet, that is so stupid, is like saying that I am going to lose my banking account
sr. member
Activity: 476
Merit: 250
I don't think that you can manage to forget them. Most probably you will be checking the price 5-6 times per hour.
member
Activity: 119
Merit: 10
Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  Undecided
However, this would've worked a lot better if you did it when BTC was 1$  Tongue

So what you are saying is that BTC is not gonna go up more, that is going down and is not worth it anymore?Huh?


I really do not agree with you I thinl btc will hit th 10,000 with in 1 to 2 years...
newbie
Activity: 56
Merit: 0
Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  Undecided
However, this would've worked a lot better if you did it when BTC was 1$  Tongue
hero member
Activity: 1036
Merit: 500
~100 BTC should be everyones goal, with the idea of spending 10% per year to help grow the Bitcoin economy.

Get a 2nd job, or sell your car and take public transportation or get a super cheap 1990s car for the next 2 years.

Dont buy that latte everyday. Save your pennies and put it into crypto - BTC and LTC. 

As BTC goes up in USD value, even if you spend 10% per year you will still see your total USD value go way up and you wont ever run out of coins.

But we cant just horde them people, the economy wont work that way. We must spend a % of our coins for all this to work.
full member
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
Well odds are in the favour of Bitcoin for now Roll Eyes
but, umm not sure how will its value be affected when 2-3 years later VISA introduces a similar concept such as BTC
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
maybe zero in 4 years  Wink

... and why 4 years?
full member
Activity: 182
Merit: 100
Good luck trying to resist the urge to check the price
sr. member
Activity: 298
Merit: 250
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

You might really forget it and lost your wallet somehow Smiley

He/she would not even be the first one. Much better use Btc and enjoy how an easy payment system is.
sr. member
Activity: 255
Merit: 250
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

You might really forget it and lost your wallet somehow Smiley
hero member
Activity: 665
Merit: 500
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Suuuuuuure, and I'm buying your bs. 20 btc for 5 years, lol. So many threads like this popping up everywhere. If you will buy then show us some receipt later, mkay? (transaction id will be fine)

Haha what a ridiculous post. Why couldn't he be serious?
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Suuuuuuure, and I'm buying your bs. 20 btc for 5 years, lol. So many threads like this popping up everywhere. If you will buy then show us some receipt later, mkay? (transaction id will be fine)
full member
Activity: 126
Merit: 100
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

This is a good implementation of the classic buy-and-hold strategy.

Yes you will be rich   Cheesy - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders.

http://btc.ondn.net/search

Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.


Can you really trust a web site to make you a secure paper wallet?? What if the code changes randomly 1/100 times to malicious code that steals your secret; Thus, chances are anyone who checks it sees the safe/real code but quite a few wallets are actually compromised until its uncovered.
full member
Activity: 196
Merit: 100
There are many factors you can be millionaire or have nothing
hero member
Activity: 686
Merit: 501
Stephen Reed
Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.

Can you tell me more about paper wallet, how do they work,?

Regards

There are some great threads on this forum that others may guide you to. But here is a video tutorial ... http://www.youtube.com/watch?v=JsyPfiENwQU

Again, best wishes.

member
Activity: 119
Merit: 10
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

This is a good implementation of the classic buy-and-hold strategy.

Yes you will be rich   Cheesy - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders.

http://btc.ondn.net/search

Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.


Can you tell me more about paper wallet, how do they work,?

Regards
hero member
Activity: 686
Merit: 501
Stephen Reed
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

This is a good implementation of the classic buy-and-hold strategy.

Yes you will be rich   Cheesy - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders.

http://btc.ondn.net/search

Please take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it.
legendary
Activity: 1344
Merit: 1001
If you have money that you can spend on 20-40BTC and still live the same way like up today then do that. I'd like to do the same :]
legendary
Activity: 1652
Merit: 1265
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?

Start buying!!!

You could end up with either 0 or millions depending if bitcoin reaches gold bar price.
member
Activity: 119
Merit: 10
I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.

What do you think about this strategy?

How much do you think each BTC will cost in 5 years?

I will try to buy at least 20 or 40 BTC

Will I be rich in 5 years?
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