Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 161. (Read 631982 times)
the first pages of this thread are great. entertaining and inspiring reading!
I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it).
Out of curiosity, where do you live, that houses are so cheap?I live in the Australasia region. A nice small house in a semi-rural area down south would set you back about $40,000-$80,000 USD.
Wish i was a part of this thread early long before the boom..
I would have been happy realizing that i am also a new wealthy elite....
I would have been happy realizing that i am also a new wealthy elite....
Quoted for future fun, btc@566$
3 days later, and we just saw the price crash from $683 to $640 and it's still 13% higher than after cuddaloreappu missed the boom...
now I seriously believe each btc will trade more than 500000 us $.
so yes, I believe I will also join this new wealthy elite eventually
In 2016 people will look back at this tread and say: "all you guys are so lucky to have been buying bitcoin before you needed a 5 digit amount of fiat to buy one bitcoin"
hey guys I don't want to bother you too much 
But if you are I don't want this post to be an advertising .. so if you want to help and you want more informations you can PM me or/and visit a web page from my profile.
Thanks. (ps. If you don't like this post to stay here you don't need to report anything - send me a PM I will delete it)
But if you are Quote
the new wealthy elite, gentlemen
you can help to build up a very interesting Bitcoin project ... I don't want this post to be an advertising .. so if you want to help and you want more informations you can PM me or/and visit a web page from my profile.Thanks. (ps. If you don't like this post to stay here you don't need to report anything - send me a PM I will delete it)
I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it).
Out of curiosity, where do you live, that houses are so cheap?That being said, sorry but you are deluding yourself.
There are not enough houses in the world for the price to go so up.
The other coin I'll hodl till the end no matter what happens.
The only thing money is good for is spending it, it only matters on how you spend it.You can buy a decent but small house in thailand for $50,000
I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it).
Out of curiosity, where do you live, that houses are so cheap?That being said, sorry but you are deluding yourself.
There are not enough houses in the world for the price to go so up.
The other coin I'll hodl till the end no matter what happens.
The only thing money is good for is spending it, it only matters on how you spend it.now I seriously believe each btc will trade more than 500,000 us $.
so yes, I believe I will also join this new wealthy elite eventually
so yes, I believe I will also join this new wealthy elite eventually
Do you have any logic behind this quote, or did you just quoted a random figure out of the blue?
Typical idiot bitcoiner's fallacy.
I could see it hitting this number easily depending on what it displaces. The gold market has a total value of $6 trillion last I checked, remittances at $300 billion, and e-commerce at $300 billion as well. If bitcoin could supplant even 1% of these markets it could be valued at about $300k.
OK. According to your figures, gold+remittances+ e-commerce = 6.6 trillion USD.
1% of that = 66 billion USD
Right now, Bitcoin is having a market cap of around $9 billion. Even if 66 billion is added to it, the total market cap is increased only to $75 billion.
And that is $5,700 per coin, not $300,000 per coin.
I think this year a good time for buy is whenever the price is under $1000, it can only go up from here in the following months,
exept some correction weeks which could always happen.
exept some correction weeks which could always happen.
Wish i was a part of this thread early long before the boom..
I would have been happy realizing that i am also a new wealthy elite....
I would have been happy realizing that i am also a new wealthy elite....
Quoted for future fun, btc@566$
3 days later, and we just saw the price crash from $683 to $640 and it's still 13% higher than after cuddaloreappu missed the boom...
What we find out from this is that there is never a bad time to buy in
It's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Some people could afford to invest $50 to 100 per month on BTC (or some larger amount), and just build up their BTC portfolio over the years.. with their spare income.
That's pretty much what I've been doing. I put in $20 two weeks ago, $50 about a month or two ago, and about $100 during the Mt. Gox crisis earlier this year.
I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Sell bitcoin so that you can buy something with fiat?
I do not understand this concept.
I'll let go of one of my bitcoins when 1 BTC buys you a small house. The fiat would just be the intermediate step unless the seller also happens to be into Bitcoin as well.
EDIT: some minor rewording
now I seriously believe each btc will trade more than 500,000 us $.
so yes, I believe I will also join this new wealthy elite eventually
so yes, I believe I will also join this new wealthy elite eventually
Do you have any logic behind this quote, or did you just quoted a random figure out of the blue? IMO, exchange rates of $500,000 will only be reached as a result of extensive market manipulation.
I could see it hitting this number easily depending on what it displaces. The gold market has a total value of $6 trillion last I checked, remittances at $300 billion, and e-commerce at $300 billion as well. If bitcoin could supplant even 1% of these markets it could be valued at about $300k.
I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Sell bitcoin so that you can buy something with fiat?
I do not understand this concept.
It's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
Some people could afford to invest $50 to 100 per month on BTC (or some larger amount), and just build up their BTC portfolio over the years.. with their spare income. That is using a dollar cost averaging method to invest into BTC by using a specific amount of fiat at set intervals.. as you earn it.
However, if people know about BTC and believe that BTC will be going up in value, then they have the ability to create hybrid dollar cost averaging, and that would be to attempt to front-load their investment and/or to time the market to buy more BTC when the prices are lower.
Accordingly, NOW, seems to be a good time to buy at a lower relative rate b/c BTC prices seem to be on a precipice of advancing into a $1,000+ price range within the next few months, if NOT sooner.
It's probably far too late for anyone joining in 2014 to be part of the "wealthy elite". That opportunity existed in 2009, 2010, 2011, 2012, and early 2013. But not anymore.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
That being said, my plan is to get up to 2 BTC. I have about 0.25 BTC now. I'll sell 1 BTC once the price rises enough that I can buy a small house for myself with it (roughly $50,000 per coin should do it). The other coin I'll hodl till the end no matter what happens.
now I seriously believe each btc will trade more than 500,000 us $.
so yes, I believe I will also join this new wealthy elite eventually
so yes, I believe I will also join this new wealthy elite eventually
Do you have any logic behind this quote, or did you just quoted a random figure out of the blue? IMO, exchange rates of $500,000 will only be reached as a result of extensive market manipulation.
Wish i was a part of this thread early long before the boom..
I would have been happy realizing that i am also a new wealthy elite....
I would have been happy realizing that i am also a new wealthy elite....
Quoted for future fun, btc@566$
3 days later, and we just saw the price crash from $683 to $640 and it's still 13% higher than after cuddaloreappu missed the boom...
now I seriously believe each btc will trade more than 500000 us $.
so yes, I believe I will also join this new wealthy elite eventually
Ate you for reals? Those are some pretty lofty hopes. Don't get me wrong, I would love that, but I'm pretty sure btc would have to replace the USD and probably yen and RMB while it's at it to reach those levels...
$50k by Christmas
Bitcoin has climbed the first few rungs on the logarithmic valuation ladder. That ladder has many rungs. Hundreds.
You reading this now, in June 2014, know that these are still the earliest of days. Know that most of the world hasn't heard of Bitcoin, even now. Fewer still understand it.
And only a tiny fraction know - without any doubt - how this story ends. And so we hold, patiently awaiting the inevitable.
You reading this now, in June 2014, know that these are still the earliest of days. Know that most of the world hasn't heard of Bitcoin, even now. Fewer still understand it.
And only a tiny fraction know - without any doubt - how this story ends. And so we hold, patiently awaiting the inevitable.
Wish i was a part of this thread early long before the boom..
I would have been happy realizing that i am also a new wealthy elite....
I would have been happy realizing that i am also a new wealthy elite....
Quoted for future fun, btc@566$
3 days later, and we just saw the price crash from $683 to $640 and it's still 13% higher than after cuddaloreappu missed the boom...
now I seriously believe each btc will trade more than 500000 us $.
so yes, I believe I will also join this new wealthy elite eventually
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