New rich people thanks to BTC - page 68.

noictib

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Quote from: donbu7 on June 01, 2017, 04:25:08 PM

I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.

This is the analisis I made:

On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd

On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd

On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd

Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD

That is amazing.

I wonder what are the new rich people doing right know? have they realised that they are rich yet.

Your Calculation is 99% true , Here I entered in the Bitcoin field when its price was about 280$/btc but as you can see that price is about 10 times more .
In the starting I didn't realised that it's price will be 10 times .
In that time of startup with the Bitcoin I don't have money to buy 1 btc and also in the current time I don't have money to buy one Bitcoin again .
So we can say that it is the demand and the condition that made the people rich or poor .
Here in the present day I am thinking that what will happen if I bought Bitcoin at 300$/btc , today I will be king to make money but opposite of this the reality is totally different , in that time I don't have money and also in the current time I don't have money to buy .
So only those persons who are millionaire can buy Bitcoin , other are only making money by the money rotation in the trading job .

EXtremeAEX

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Once bitten, twice shy. More people starting to hold on to Bitcoin now, so it would be quite hard for BTC to rise up to that high again, however, I am sure more people will get to know Bitcoin and use them in the future, and the price would still go up. I am sure there would be a limit though and Bitcoin prices will be stable. Who knows? Tongue

TastyChillySauce00

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Quote from: Dotcomwriters on June 04, 2017, 09:00:01 PM

I can imagine that many of the 'Bitcoin millionaires' have lost their wallets around 2011 to 2013. I had a wallet with hundreds back in 2012 but I sold them for chump change like a wimp. Angry

That must be a serious pain in the ass LOL. Bitcoin millionaires today I'm pretty sure really take care of their wallet back then. So, they can become a millionaire today, the rest who don't give a shit ended up depressing for missing the chance to be instant millionaire.
Pretty curious about how the guy who bought pizza feels about today's rate because it's as the same as chump change LOL.

Dotcomwriters

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I can imagine that many of the 'Bitcoin millionaires' have lost their wallets around 2011 to 2013. I had a wallet with hundreds back in 2012 but I sold them for chump change like a wimp. Angry

zeze18

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Sure, it would be nice to have lots of btc in the wallet,
especially now price of bitcoin is very high. But if you look at this potential btc owner will probably hold and hold some for investment as future.

Wesimon

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Quote from: BitcoinPanther on June 01, 2017, 04:48:18 PM

Definitely they realized that they are now belong to the million dollar club. But as a bitcoin enthusiast the only millionaire in their eyes, probably, is have million BTC. Cheesy

. In fact being involved in BTC activities every day makes me forget that my national currency is not Bitcoin but rather Peso, I believe this happen to many of us especially those who have thousands of BTC in their stash.

If I have 20BTC only, I will be so happy. I think I would feel that I belong to those who are rich. Because BTC cost 125000 pesos right now. Same with you, everytime I'm earning from signature campaign and bitcoin activities, I feel like it is peso that I'm earning. Too cool. I wonder how and what is the feeling of having thousands of bitcoin in your wallet. Is it satisfying?

kevinn669

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Quote from: sunsilk on June 04, 2017, 04:28:51 PM

Nice calculation and that is more encouraging to people that are holding not too many bitcoin but this is great.

I want to be part of those rich club very soon though I'm not that rich now as I'm earning exact amount to my needs.

We are all hoping and depending to the price of bitcoin and let's just keep hoping that there will be more increase to come soon.

I, too, are not yet rich, but I know for sure that I will only earn money by using cryptocurrency. This is a great tool and you need to learn how to use it. This will lead to the success and wealth of any person who wants it and is ready to work

sunsilk

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Nice calculation and that is more encouraging to people that are holding not too many bitcoin but this is great.

I want to be part of those rich club very soon though I'm not that rich now as I'm earning exact amount to my needs.

We are all hoping and depending to the price of bitcoin and let's just keep hoping that there will be more increase to come soon.

The Sceptical Chymist

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Thanks for those calculations, they're useful to put things in perspective. Hindsight is 20/20, and unfortunately I didn't foresee bitcoin being $2500 anytime soon. I might have predicted that price by 2025, but not this year. It's insane. I'm still trying to save up bitcoin, but I've been spending it lately (doh!). But even saving and occasionally buying it, I still don't think I'll be a fiat millionaire from it, ever. But we'll see.

carlerha

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Quote from: mornabo on June 04, 2017, 09:17:21 AM

Quote from: CrownPolly on June 03, 2017, 01:02:41 PM

Quote from: Freezingel on June 03, 2017, 12:24:22 PM

They definitely realized that they become rich with bitcoin. Now is their time to enjoy the result of trusting bitcoin early on. For us, it's already difficult to accumulate bitcoin by buying so the best shot is to search the next 'bitcoin' in alt.

To become rich thanks to Bitcoin today is a very difficult moment, Because if today you are lucky then tomorrow this may not happen. Based on this, I have little doubt about the long-term prospects of bitcoin.

Nope I think, if you want to work hard there is nothing impossible to get rich. You can become rich by collecting lots of bitcoin and selling at high prices. There are many ways to get rich in bitcoin

to me i think those people who have invested a little assets in altcoin, even they have good chances to increase the number of their bitcoin. because in trading altcoin, some time we find chances to purchase a cheep coin but having high potential which give us a good profit after some time. so i think we have more and more chances in bitcoin to make good profit, we just need to have some asses to invest in bitcoin. because trading is one of the best way of making money.

FasTroy

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Quote from: Taki on June 04, 2017, 09:24:34 AM

No doubt that they realized already how rich they are already Cheesy

I am wander of that kind of trust in bitcoin and risky those people are to keep their coins to reach such success!

They are lucky people, They risked their money a long time ago and now they make a huge profit, when bitcoin reaches 2500$. They are adventurer to take the risk in the beginning. Cheesy

Because it's hard to predict in 2009-2010 that bitcoin will succeed like these days.

Victorycoin

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Quote from: Lancusters on June 01, 2017, 05:51:30 PM

Probably we already will not see such sharp height of price on биткoин as in 2013. To become a millionaire very temptingly, but what then. I am afraid that in one day a price can fall down and all who was a millionaire will become poor. you present as it awfully. Better always to be in the middle.

For price to drop that low that now millionaires would become poor would take a lot of massive sell-off and it is a wonder what would prompt such a sell-off. The event of 2013 is not as easy to replicate in 2017, because the capitalization and stake holders of Bitcoin have greatly increased making the market not as easy to influence by anyone or few persons.

One thing worthy of note is the fact that the millionaires being celebrated today, back then took the risk of holding those coins, which has paid off these days. Many more millionaires are sure going to be made, while some people even bitcoiners would remain stuck in struggling to get by, because fear will never let them see risk as a prelude to success.

skorupi17

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Quote from: Seeker01 on June 04, 2017, 08:25:36 AM

Quote from: ppc.pt on June 04, 2017, 07:32:08 AM

You will say the same next year but this time instead of BTC you will say "Altcoins"

This is something ive been waiting for. yes this might be true and we will see what will happen on BTC after the segwit might be fall from $500 after august 1. but hopefully this thing will not happen still hoping that it will hit $4000 this year or early in 2018 if this thing happen im sure a lot of new batch of millionaire people.

I, myself, is also intrigued about rumors that states that some altcoin might takeover bitcoin's place, particularly the Litecoin. This is due to the alleged statement of Luke jr (correct my if I am wrong) wherein he (one of the core dev, correct me again if I am wrong) said to a bitcoin user, who is complaining about the high fees, to use fiat instead of bitcoin. Basically, it would mean that if you are complaining about the high fees then you should not use bitcoin and just use fiat. That statement of his would make a negative impact about bitcoin, thus making others to shift to a worthy altcoin.

If this happens, what would happen to our hardships and efforts just to accumulate bitcoin? I do not want my time to be wasted.

ilovefeetsmell

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Quote from: Rub3n on June 02, 2017, 04:57:32 PM

Are there any stories around here, from people that really cashed in, while their environment (friends/family) are not aware? Or are shocked? This would be a fun read.

They thanks BTC for what reasons? They cashed in in the very cheap price then after awhile it rapidly increases. I would like to thank if I am the one who gives me an opportunity to make that. If I really know bitcoin before, I would buy it partially of my money save but it was too late to decide. I am so glad and happy of what is bitcoin now. It reached more than we expected. I don't believe that it one of dominating other coins. It leads us into a good life. Happy with this because I am the part of it and I can earn it.

bitcoinisbest

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Quote from: Taki on June 04, 2017, 09:24:34 AM

No doubt that they realized already how rich they are already Cheesy

I am wander of that kind of trust in bitcoin and risky those people are to keep their coins to reach such success!

As it is said, without risk there is no profit. Risk is certainly involved in btc as we all know that it does not have a stable price. But also if you understand the characteristics and think that this coin can hold the future than certainly its the right investment. Again it depends at what stage you enter and your holding capacity.

Taki

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No doubt that they realized already how rich they are already Cheesy

I am wander of that kind of trust in bitcoin and risky those people are to keep their coins to reach such success!

mornabo

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Quote from: CrownPolly on June 03, 2017, 01:02:41 PM

Quote from: Freezingel on June 03, 2017, 12:24:22 PM

They definitely realized that they become rich with bitcoin. Now is their time to enjoy the result of trusting bitcoin early on. For us, it's already difficult to accumulate bitcoin by buying so the best shot is to search the next 'bitcoin' in alt.

To become rich thanks to Bitcoin today is a very difficult moment, Because if today you are lucky then tomorrow this may not happen. Based on this, I have little doubt about the long-term prospects of bitcoin.

Nope I think, if you want to work hard there is nothing impossible to get rich. You can become rich by collecting lots of bitcoin and selling at high prices. There are many ways to get rich in bitcoin

Fappanu

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Thanks to this post, i might now save more bitcoin than usual because of you and gonna do some research in altcoins because base on reading some comments here they earned a lot in altcoins or cryptocurrency trading than the (forex)basic trading, my friend are now almost millionaire because of the altcoin and basically is starts "from bitcoin"
Thanks to bitcoins i keep living a healthy life.

Seeker01

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Quote from: ppc.pt on June 04, 2017, 07:32:08 AM

You will say the same next year but this time instead of BTC you will say "Altcoins"

This is something ive been waiting for. yes this might be true and we will see what will happen on BTC after the segwit might be fall from $500 after august 1. but hopefully this thing will not happen still hoping that it will hit $4000 this year or early in 2018 if this thing happen im sure a lot of new batch of millionaire people.

ppc.pt

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You will say the same next year but this time instead of BTC you will say "Altcoins"

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