Topic: If you hold 1 BTC you are a pioneer - page 12. (Read 9147 times)

Where do you come from, OP? This information becomes important when you say that "even your geeky friends don't know about bitcoin", because if you come from China or the States, for example, I'd be really surprised it it were true.
It all depends on the definition and the length of time. People getting into bitcoin now will hardly ever be considered pioneers, whatsoever, especially because 1 BTC right now is still a ridiculously low amount when you compare it with some other people. But you, who started in late 2011, were probably still part of the first 0.01% to ever use bitcoin. That's very pioneerish to me. Maybe not now because still less than 1% of the total world's population use bitcoin, but if we get to 10% in the future, you will likely be considered a pioneer. Now it all comes down to the definition you give to the word pioneer. Did you absolutely have to mine in early 2009 to be a pioneer, or can you also be one if you were able to buy BTC for less than a dollar in 2010? All this is related to the number of final users at said time. The more they are, the broader the definition.

I think that's probably true since there will only be 21 million in existence and really fewer that will be accessible due to lost coins.  There's not enough to go around for many people to have one.

OMG!! I'm part of the elite. That makes me so happy. I never knew owning 10 Bitcoin makes me part of this epic group.

no investment is a sure thing.  the risk in bitcoin is much less today than it was just a few years ago.  it took great effort, knowledge, skill and foresight just to be mining bitcoin years ago. those that did, hold far more than 1btc now.  and yet a lot of it was squandered, lost to exchange scams, development, learning and mining equipment pre-orders all in an effort to expand the bitcoin reach. 

NO YOU ARE NOT THE NEW ELITE WITH 1 BTC.  no you will not be rich.  yes there is a "possibility" that btc will grow faster than the nasdaq but we are still in the development stage.  100 years from today your 1 btc may hold large fiat value but you will not be around. 

there is still a large uncertainty with btc holdings.  you may get 2x or 100x your money or you may lose it all if subversive technology like classic gain dominance or full on bans from finance industry come forward or "they" decide to change the original aspects of btc like max cap or fees. 

in the long run there is no get rich quick.  your $400 investment today will NOT be worth 10k anytime soon.  btc is here to stay but the market will decide its value.  when a new product hits the consumer market sometimes there is a very huge expense cost in educating the general public on the benefits of the product.  bitcoin is not a company and does not invest in educating the consumer so unless any major financial collapse of major world governments bitcoin can only grow at a relatively steady pace.

10 bitcoin is not that much. It's not like you can buy a jet or something.
There a lots of people having lots of money in different forms.

nice holding, i sell all of bitcoin (arround 1.9btc) in last month i used to building computer, now i have only 0.15 my target 10++bitcoin too like you
 

Well i only have 2.** bitcoins, is it called pioneer too ? and my hope is can hold 10++ bitcoins so can make me into elite people lol.

in my opinion 1bitcoin not enough to be pioner, we need more than it, maybe 100bitcoin is the minimum to be pioner in bitcoin life....

I personally do not agree with you. I feel that as long as we are here actively discussing about Bitcoin, we can consider ourselves early adopters or in your word, pioneer. We helped to shape to early Bitcoin community.

I previously own 7 btc back when it was just $250 i lost most of it on gambling and I've also bought few office equipment. I was expecting it will go up faster and so i haven't waited that long that i regret cashing it out and gambling without strategy.

I like to compare OP to this post: https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156

  I like it, I'm working on my way to 1 BTC right now.

I agree, 10 bitcoins is actually a lot.  And I had one tenth of that recently and like an idiot got scammed out of a good third of it.  I tell ya, I should have known better.  Alas, I'll get it back.

Don't know about being a pioneer though.  The early miners are the real pioneers, and that guy who bought the pizza for 10K btc.

Even if bitcoin doesn't go anywhere, those who have 1 BTC can call it a "souvenir" for future usage. A sort of memoir for their cryptocurrency days. Though those with physical coins, like Casascius coins, can REALLY show it off to people. I don't think that having a bitcoin is that large of an investment, and I'm pretty sure that there isn't that much of a financial drawback if you do choose to invest in it.

Again, if it doesn't pan out well, then I guess you just have it as a souvenir. An expensive souvenir. But, a relic of the beginning of the blockchain technology. Hopefully THAT carries through if Bitcoin doesn't.

I currently sit at around at a few BTC, and i absolutly believe that this technology cannot fail.  i dont say that as a fanatic who is blind to the problems, i say that as a person who has been taken advantage off by the banks and corrupt governments in this age.  We must take this opertunity to take back control 1st of or finances and then our governments.....    even if bitcoin is shot down because of a bug (and basiclaly that is the only thing that can stop it at this point) we fix the bug and start again the next day from point zero......... YES

And THAT comment (blue highlighting mine), spazzdla, is the main reason I HODL Bitcoin.  I have bought, mixed and spent (only on gold) quite a few BTC to become familiar with its easy use, but the bulk of BTC I have now I want to hold for a possible YUGE gain.

A Lotto ticket...

Pioneers?  Let's see:

-- 4% of wallets hold over BTC1.00.  OK, let's stipulate ("MSU" here) that 5% of BTC hodlers actually own over 1.00
-- maximum of 1% of people in Europe, Japan and the USA hold ANY BTC  then:

0.05 * 0.01 = 0.0005 fraction of people own BTC1 or more.  Five hundredths of one percent (in easy-access Internet countries).

In my book, we're pioneers!


EDIT: corrected math error

I have not seen this chart before.  Very crazy that only 4% have more than one.  I am so hard on myself for not having more and I guess I have enough.

Hopefully I can reach  1 btc and be a pioneer

The quote exactly represents the reality of most users in this forum as well out who just try to earn as well buy bitcois for future as well trading.
As said only a very few users will be holding 10Bitcoins to be a part in the elite group.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to that site, only a little more than 4% of wallets contain 1 or more bitcoin in them.. thats not to say there arent people with more than one wallet with less than a whole coin but add up to one whole coin or more..

P.S had to flip my tablet to the side to see percentages..

Well, it looks like I'm not a pioneer, just an average adventurer.

I've probably owned over 1 BTC in my time here, but never all at one point. Maybe I'll finally start HODLing after the recent increase.