I think some earlier adopters of bitcoin here are rich as hell. But you can only count them and very few comeback from this forum once bitcoin price skyrocketed. But for casual like us, although we earn or profit bitcoin today, I don't consider we are filthy rich because it will take more years before we can call ourselves rich.
For one, most casuals found bitcoin when it is already above $1000, although its a return of of 800% already, I don't think they have invested big amount because normal people just don't put big investments. They can only buy in dips with small amount of money. And most of them even sold it when their investments makes it to x4. But I guess we are not late though, we can still be rich maybe along the 2-5 year time frame.
Topic: Is this Forum full of 'normal people' who over the years became filthy rich? - page 2. (Read 2378 times)
November 22, 2017, 04:14:14 AM
November 22, 2017, 04:09:00 AM
I just invested here recently as Business Administration graduate student for me invest not your maximum income but only 10-25% because do not invest on what you all have because in investing we are taking a huge risk it is not always going to be an income for you there are times that you will suffer a loss, and when what will happen to you if you invested all of your money and then suddenly the prices fell down as below as zero because there is risk everywhere.
November 22, 2017, 03:46:44 AM
I don't think so. It's not so easy to become bitcoin richman as it look at first glance. And if they were millionaires they wouldn't probably be here on forum anymore. Not so many people have kept bitcoins long enough to become really rich although there are some who have made big profit. I still think there are only few people who made their dreams come trough with bitcoins and who can say they are rich. But having in mind the volatility that doen't mean they will be rich tomorrow too.
November 22, 2017, 03:21:26 AM
I mean people who got interested in bitcoins early, liberals, doomsday government critics, criminals and drug users who used silk road, normal poor people like me. There must be a vast amount of cracy stories of people finding themselves filthy rich.
People who got interested earlier in bitcoin sold it when the price was increasing and they would be in profit. I dont think anyone will keep their investments on if they made a x10 profit from the initial investment. Also there are a lot of people who buyed bitcoin in 2010 and still have it in wallet. But even if they remember about that, I am sure their wallet informations are lost
If I have been in the system since 2010 and I bought a lot, highest i will do now is to take some out, and diversify offline into several fleet of businesses which I believe no matter what happens with bitcoin tomorrow, I already have a lot coming in for me and that would not make me stop saving in bitcoin the more.
November 22, 2017, 03:20:15 AM
LOL. It depends from person to person. some will be just guiding in forum, some will be investing etc
November 21, 2017, 02:27:11 PM
Invest only the amount you can afford to lose. Otherwise, Bitcoin will destroy your personality.
There are only 2 results ... Bitcoin drops to zero or will be worth $ 1,000,000.
Wait 10 years and you will be "filthy rich" or nothing will change (if you invested only amount, you can afford to lose) :-)
There are less than 500,000 person in the world who own 10 BTC.
There are more millionaires than ever in the United States. As of the end of 2016, there were a record 10.8 million millionaires nationwide, according to a new study from Spectrem Group's Market Insights Report 2017. That's more than ever before and marks a 400,000 person increase from the previous year.
There are only 2 results ... Bitcoin drops to zero or will be worth $ 1,000,000.
Wait 10 years and you will be "filthy rich" or nothing will change (if you invested only amount, you can afford to lose) :-)
There are less than 500,000 person in the world who own 10 BTC.
There are more millionaires than ever in the United States. As of the end of 2016, there were a record 10.8 million millionaires nationwide, according to a new study from Spectrem Group's Market Insights Report 2017. That's more than ever before and marks a 400,000 person increase from the previous year.
I do not agree with you that one should invest a little amount. Bitcoin is a once in a century opportunity to make a lot of money. And while you can lose money, because it will come back with time, such as great opportunity will never be back. So my advice to people reading this is to buy when it is still the time to.
November 21, 2017, 04:31:50 AM
i back from 2016 and no one can put money in bitcoin like what we see now . high price now make people nvest in bitcoin but when price down no one can put any dollar in bitcoin
November 18, 2017, 10:45:53 PM
I think a lot of people here that have been a few years are doing well but I would never say they are filthy rich. A lot of people spend their bitcoin. It's just so easy to send and so easy to find something to buy at this time.
November 18, 2017, 06:55:00 PM
Even though i have not yet become a millionaire,but i too have become a little bit rich due to bitcoins.Its true that most of the early birds didn't expect bitcoin to reach such a huge price and so most of them sold it or spent when its price showed a moderate increase.Otherwise,there would be much more millionaires in this forum.
November 17, 2017, 06:53:34 PM
I doubt many people had the conviction to hold their coins bought in the single/double digits all the way to today. I've always found it quite fascinating that BTC has an almost built-in distribution system, whereby initial early adopters have large stashes of coins but subsequently cash those out at a certain profit level, where they are redistributed among a larger userbase, and the cycle repeats as the price continues to rise over time.
That is the most likely scenario but at the same time I do not have doubts there were some hardcore bitcoin believers that thought that an scenario like this could happen and decided to remain invested in bitcoin regardless of the great profits they got. 
November 08, 2017, 03:40:26 PM
Well this all depends on what you do with the crypto coins you gather up over time...as I know some people use their coins for trading or gambling which has the element of risk and loss.
Quote
filthy rich
To stay rich you need money to make money, I guess the possibility is there. 
November 08, 2017, 03:32:40 PM
One thing is certain... Unless we make another serious dip, there is not a lot of 'normal' people that can have 10 BTCs anymore... Even 1 BTC is becoming seriously expensive, and as the initial investors become millionaires and sell their coins, less and less people will be able to win the lottery with bitcoin. I doubt that 0.1 BTC will ever be worth 500k... But well, you never know!
I do not even know how to correctly answer all these questions and how to talk about this topic. But statistics says that many people who started to earn huge money and became rich, morally just soured. 
November 08, 2017, 08:21:45 AM
One thing is certain... Unless we make another serious dip, there is not a lot of 'normal' people that can have 10 BTCs anymore... Even 1 BTC is becoming seriously expensive, and as the initial investors become millionaires and sell their coins, less and less people will be able to win the lottery with bitcoin. I doubt that 0.1 BTC will ever be worth 500k... But well, you never know!
November 08, 2017, 08:21:11 AM
Every user here in the forum focus on being rich through bitcoin. As in the thread title most of the users here were the people in need. In specific these common people tend to grow further and reach next level of living. Maybe the growth and the earning that make might lead them to be rich after years.
November 08, 2017, 08:04:03 AM
I don't think so normal people usually converts there bitcoins immiedietly after receiving their bitcoins because they used it for for their living expenses only those who are long term investors and have many extra cash can store there bitcoins for a long time , so to answer your question I don't think it was like that.
November 08, 2017, 07:53:55 AM
Not really rich yet, because I kept on spending bitcoin and never thought that it can become so valuable, but bitcoin did make me able to save more money for my future, and now the value keep on increasing, my life has become better financially, if I can keep more coin in 5 years I think I will be filthy rich
November 08, 2017, 04:48:06 AM
filthy rich. 18 years old boy can become rich with bitcoin while he purchased bitcoin with the price of $10. he have 403 bitcoins. he is a millionaire now. wow.
i wish i could know bitcoin earlier and bought bitcoin at the time like that and just wait for today to come and became filthy rich in this world also. but no one can predict the future. this is just my badluck perhaps.
bitesizebitcoin bought lambo with bitcoin. that was awesome. he bought it when btc price is around 5000$. by right now he should be richer if he didnt buy the lambo yet. haha
i wish i could know bitcoin earlier and bought bitcoin at the time like that and just wait for today to come and became filthy rich in this world also. but no one can predict the future. this is just my badluck perhaps.
bitesizebitcoin bought lambo with bitcoin. that was awesome. he bought it when btc price is around 5000$. by right now he should be richer if he didnt buy the lambo yet. haha
October 30, 2017, 03:23:24 PM
when btc hits $5k everyone who owns 200 btc is a $-millionaire. in February/march 2013 200 btc would have cost $10k.
(...)
(...)
with reaching $6K now that number shrunk to 166 btc.
October 30, 2017, 11:55:41 AM
My first purchase was August 1, 2015, buying sporadically during dips.. on 8/25/15 I bought 1.33999999 for $302.05, I made several of these buys, 1.33999999 for less than $400... I don’t remember why I bought at the time, but I know since about that time they’ve basically been on a 26 month rally, excluding a few crashes mixed in there. I had 80% of my bitcoin by December 3, 2016, and have held on for the ride this year. I also own a business, and have never invested more than I could afford to lose, the “Golden Rule” of investing in Crypto.
I know there will never be more than 21M Bitcoin, and somewhere I read that having 21BTC will basically set you up for life someday, and at the time 21BTC was much less than $20k, so I took a shot w this and obviously I’m glad I did. I have a significant 2nd income from my business, so I don’t plan on selling anytime in the foreseeable future. I’m going to see this thing out where it goes, and if I lose everything, I never seen invested more than I could afford to lose, so I’m my mind I’ve already chalked it up as a loss, or money that’s not useable for m for at least another decade.
I know there will never be more than 21M Bitcoin, and somewhere I read that having 21BTC will basically set you up for life someday, and at the time 21BTC was much less than $20k, so I took a shot w this and obviously I’m glad I did. I have a significant 2nd income from my business, so I don’t plan on selling anytime in the foreseeable future. I’m going to see this thing out where it goes, and if I lose everything, I never seen invested more than I could afford to lose, so I’m my mind I’ve already chalked it up as a loss, or money that’s not useable for m for at least another decade.
October 29, 2017, 11:38:06 PM
heh
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