Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 147. (Read 631983 times)
I just hope that when we do get to that point, I have a ton of bitcoins sitting in my wallet:)
This thread is never going to die! 
Atlas threads never die. They just threaten to commit suicide and get banned for life.
This thread is never going to die!
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.
When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.
i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).
I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.
The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.
More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.
The longer they prop it up the more painful it will be when it falls. I must admit I don't talk about it much to anyone. I want more time to accumulate my own before everyone else figures it out.
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.
Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).
That itself is one very beneficial outcome.
There has been other projects recently but Bitcoin is the most successful project to achieve this.
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.
Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).
That itself is one very beneficial outcome.
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.
When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.
i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).
I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.
The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
fastest way to raise btc price is displace largest markets (like gold)
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
It is possible for crypto to be widely used and stay under 100,000$ in 2014$ per BTC for a while so you may become rich in a very long time if you only hold 1BTC
I'm not too sure I would use the words "confident" and "bitcoin" in the same sentence...
Welcome to the forum, confidence about Bitcoin tends to grow over time.
I'm not too sure I would use the words "confident" and "bitcoin" in the same sentence...
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
You are a romantic!
Money corrupts and absolute power corrupts absolutely!
: )
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I just crossed the 2 bit coin plateau. Feeling pretty damn good about it.
This thread has one awesome title and makes me feel pretty proud.
Sorry for doing nothing but bumping it, but really wanted to leave my footprint in this awesome thread.
I am also pretty confident we are the new wealthy elite, gentlemen.
Sorry for doing nothing but bumping it, but really wanted to leave my footprint in this awesome thread.
I am also pretty confident we are the new wealthy elite, gentlemen.
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.
When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.
That's an interesting question. How long before the fringe elements trend becomes trendy with the masses?
The hippie counterculture movement of the 1960's really started with beatniks in the 1950's. Most historians agree that beatniks officially became hippies in about 1967. LSD was considered their Bitcoin and was supposed to be a tool for transforming society as a whole. As with most things trendy the movement began in and around San Francisco (like Bitcoin - even DPR was captured in SF). Psychedelic rock and the hippie movement really took off with Peoples park, Woodstock and Altamont which all happened in 1969. By 1972-75 all of us were wearing tie die and saying "the MAN got you down well fuck the Man!". By mid 1980's or so Starwood Festival and Burning Man were continuing on the tradition but it was still a fringe group of people and the original hippies were all yuppies and joined mainstream business. In other words, they all became "the MAN".
So mass adoption of a trend because it's cool, let's say, from 1950-1975, 25 years give or take. Did the trend of my generation change the world? Meh, let me just say, I'm still waiting for the Age of Aquarius. lol
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.
When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.
That's an interesting question. How long before the fringe elements trend becomes trendy with the masses?
The hippie counterculture movement of the 1960's really started with beatniks in the 1950's. Most historians agree that beatniks officially became hippies in about 1967. LSD was considered their Bitcoin and was supposed to be a tool for transforming society as a whole. As with most things trendy the movement began in and around San Francisco (like Bitcoin - even DPR was captured in SF). Psychedelic rock and the hippie movement really took off with Peoples park, Woodstock and Altamont which all happened in 1969. By 1972-75 all of us were wearing tie die and saying "the MAN got you down well fuck the Man!". By mid 1980's or so Starwood Festival and Burning Man were continuing on the tradition but it was still a fringe group of people and the original hippies were all yuppies and joined mainstream business. In other words, they all became "the MAN".
So mass adoption of a trend because it's cool, let's say, from 1950-1975, 25 years give or take. Did the trend of my generation change the world? Meh, let me just say, I'm still waiting for the Age of Aquarius. lol
This post made me feel young. I was not even born yet during this.
You made my day! But I agree that there is something to trends. I do think that Bitcoin is a bit "trendy" at the moment. There is something cool about it, especially with hip-hop artists, actors and sports figures embracing it. But the store of value and speed and ease of transfer of funds, especially internationally, will be the catalyst to the growth of the trend to much greater heights, not just because it is cool to use. Google Glass hasn't caught on yet and that was supposed to be cool and trendy but it is just not that useful and is more of a toy, for one example.
I just think the average Joe is slow on the uptake especially with technology. I'm kind of an oddball in that I like technology and cutting edge stuff (hippie in me coming out maybe-lol). Don't think 15-25 years is bad if Bitcoin embeds itself and takes a large market share.
How about BitChicks Husband? Is he older and can tell you stories of woe about the old days? lol
I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat?
Is BTC the winning crypto?
As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.
It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.
I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.
When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.
That's an interesting question. How long before the fringe elements trend becomes trendy with the masses?
The hippie counterculture movement of the 1960's really started with beatniks in the 1950's. Most historians agree that beatniks officially became hippies in about 1967. LSD was considered their Bitcoin and was supposed to be a tool for transforming society as a whole. As with most things trendy the movement began in and around San Francisco (like Bitcoin - even DPR was captured in SF). Psychedelic rock and the hippie movement really took off with Peoples park, Woodstock and Altamont which all happened in 1969. By 1972-75 all of us were wearing tie die and saying "the MAN got you down well fuck the Man!". By mid 1980's or so Starwood Festival and Burning Man were continuing on the tradition but it was still a fringe group of people and the original hippies were all yuppies and joined mainstream business. In other words, they all became "the MAN".
So mass adoption of a trend because it's cool, let's say, from 1950-1975, 25 years give or take. Did the trend of my generation change the world? Meh, let me just say, I'm still waiting for the Age of Aquarius. lol
This post made me feel young. I was not even born yet during this.
You made my day! But I agree that there is something to trends. I do think that Bitcoin is a bit "trendy" at the moment. There is something cool about it, especially with hip-hop artists, actors and sports figures embracing it. But the store of value and speed and ease of transfer of funds, especially internationally, will be the catalyst to the growth of the trend to much greater heights, not just because it is cool to use. Google Glass hasn't caught on yet and that was supposed to be cool and trendy but it is just not that useful and is more of a toy, for one example.
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