Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 191. (Read 631985 times)

second that.. im in college and working 40 hours paying a 8k euro loan and 20k mortgage (neither are my debts,,, im 22) and i struggle to afford buyin any coins.. i havnt gone out in 4 months since i heard about crypto (not even for xmas) cos bar food, bills and other necessities i am putting everything i can into crypto in the hope that in 2-3-4-5 years.. my family wont be broke as shit like it has bin my hole life! i genuinely feel sorry for any one who can see the potential and the money that can be made but just cannot afford to put money in.. everyday things will always come first before investment.. i think the only way crypto will help people in 3rd world countries is by shielding them from inflationary currencies and by allowing family members to send money home with much lower fees but that will only happen once they have access to buy-send-sell coins.. i live in ireland and i have no way of cashing out and i dont see any way in the fore see-able future.. im not sending passport details and address details and all sorts to 3rd party exchanges/processors. fuck that! so i dont see how any one in a worse situation could? (yes i know theres far more people in allot worse situations)...

ps. i cant fucking stand those rich kids that think they deserve everything.. i also have little respect for any one who claims to be a "self-made millionaire" or successful business man/women when if you look into their back ground..  they come from wealthy families who could give them thousands to start out.. if you didnt earn every penny yourself, say so and stop acting like you worked your ass of to earn you first 1k,10k,100k... that first 10/20k is the hardest part... lets see them start with minimum wage jobs payin rent and bills and food and see how well they do.. dont claim to be self made if some one built the fucking ladder for you and all you had to do was climb it.. massive respect to anyone who came from a hard background and made something of themselves!

sorry.. rant over lol

"Bitcoin is open to everyone"

Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.

I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.

nxt/nem will be instantaneous

Do your math. Janet Yellen's term as head of the FED is 4 years (I had to google that). If within her term 1Ƀ went to $1M being worth todays $50k, where is the rest of the value? In an 2000% inflated USD? Yeah, that could indeed drive the bitcoin price to such highs in a short time but then the valuation would only be a snapshot of a landslide and the next day 1Ƀ would be $2M. 2000% inflation in 4 years is 376% inflation per year. Assuming from where we are now to a total of 2000% in 4 years is a smooth process, things would look even worse USD not being anymore like within weeks.


Well, I guess this is true in an idealistic sense but not in the real world. I evangelize Bitcoin to people and made no difference of background or education. Giving a $10 paperwallet to a filthy flying salesman feels sadistic though, no matter if I explain it to him patiently for 10 minutes or not. He will not remotely grasp my good intention as he's not used to good intentions and even if he does, he will not be able to get started for so many reasons, lacking smartphone and lacking education just being the most obvious.

I sad I "made" no difference of background, not "make" because now the shadiest of all people greet me in the street when I'm out with friends cause I was nice with them. Embarrassing with some, maybe dangerous with others who might think I am some wealthy elite gentleman, so there again is a barrier to entry even for the information flow.

Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.


I was wrong. I am such a fool ! I am probably an entitled-kid-who-got-everything-from-his-parents.

A year or so ago, I would (while spiritually sympathetic with the bullishness) have quietly laughed away this suggestion as preposterous. Now, I don't think it is - the only problem is, thanks to Janet Yellen, that million-dollar bitcoin might only be worth about $50k or so in today's money. Still nothing to scoff at though.

.

The guy in this article is so delusional...its almost hilarious:

"The truth is, I really want to believe in it. And I like the fact that Bitcoin scares people in suits, because if this thing were to really take off, it would bankrupt a lot of bankers."

Sure, bankers aren't getting rich at all with Bitcoins, they are scared by it and get bankrupt by it...omg how naive...

Depends on where you live, someone living in Sweden or the USA can be quite poor with the standards of that country and still afford to buy half a bitcoin.
Owners of small quantities of bitcoin in the western world is by no means wealthy or elite. The fact that people are poorer in other places doesn't change that.

No, see
https://bitcointalksearch.org/topic/m.5209552

Edit: This is a link to my post uptread.

Oh really? So how come it works in Berlin?
http://www.theguardian.com/technology/2013/apr/26/bitcoins-gain-currency-in-berlin
And remember, this was ten months ago, there are a lot more merchants accepting it now.

1 Bitcoin confirmation is safer than hundreds of shitcoin confirmations. Keep fooling others in altcoin section...

30 seconds or 1 minute is still way too long for a coffee or any other everyday purchase

Based on the slowness of transaction.
It can be used for transactions that are rare (such as buying lambo or a castle in Estonia), but not for everyday purchases such as cup of coffee/tea and bag of food etc. You see, it is too slow for merchants (the 1st confirmation takes 10 minutes).
WorldCoin takes 30 seconds. The transaction is fully confirmed within 1 minute.

wrong, you are not the new elite, you are the old elite. noone who is poor could have ever afforded to mine or buy bitcoins or any other cryptocurrency. its a wealthy-people-thing only.

Every time this thread is resurrected, it is a bullish signal.

Millionaire status might be achieved at a faster pace if you have a little more than .25BTC  Prices are pretty good right about now.  But hey, it is a start at least and crazy to think you are in the top 1 percent of the world (not sure the exact number here but I am guessing) with just that amount. 

Saving this post at 0.5 btc in my account. To the moon.

... unless there is a page inflation episode, and we get to page 100 tomorrow!

By the time we reach page 100, they will look back at us here on page 42 in envy. My family can't believe that I will be a multi millionaire in a few years with my .25 bitcoin, but i told them they don't understand because they've been trained to love fiat currencies and that they can either join in or follow the other sheep with their paper money. Never thought I could ever become part of thr wealthy elite, but now we know anything is possible!