The only way to get rich is by riding the next big alt pump

gentlemand

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Welt Am Draht

Quote from: manselr on February 20, 2017, 10:26:01 AM

Quote from: lionheart78 on February 19, 2017, 02:37:39 PM

Quote from: gentlemand on February 16, 2017, 12:02:38 PM

Quote from: Vaccinus on February 16, 2017, 11:58:22 AM

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.

I agree that 2020 is too short for bitcoin to increase in price dramatically. I think it will take another two decade, that is if the current problem of Bitcoin is solved. If not then I only see the current Bitcoin supporter moving to another cryptocurrency thus making all the prediction invalid.

As for Bitcoin fate, let us just wait for your time frame. I do not have an idea on when will the fate of bitcoin unfold.

What current problem? The scaling problem? Because that will never be fully solved, just like the internet scaling problem is always a problem, so in itself is not a problem, its just a never ending process.

If by 2027 21 BTC holders aren't rich it will be a disappointment. At least 1 million USD per 21 BTC holder should be guaranteed.

Of course there are always going to be issues, but if it can't get past the current one which is eminently solvable then it won't be able to manage anything else in the future. It's something of a canary in the coalmine type of scenario.

Dafar

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Bitcoin may not have a rise of 1000X like before, but the market cap is still tiny relative to other markets and a rise of 10X by 2020 isn't out of the question by any means. That would make me a millionaire and it's still a better investment than anything else I can think of right now, crypto or not

manselr

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Quote from: lionheart78 on February 19, 2017, 02:37:39 PM

Quote from: gentlemand on February 16, 2017, 12:02:38 PM

Quote from: Vaccinus on February 16, 2017, 11:58:22 AM

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.

I agree that 2020 is too short for bitcoin to increase in price dramatically. I think it will take another two decade, that is if the current problem of Bitcoin is solved. If not then I only see the current Bitcoin supporter moving to another cryptocurrency thus making all the prediction invalid.

As for Bitcoin fate, let us just wait for your time frame. I do not have an idea on when will the fate of bitcoin unfold.

What current problem? The scaling problem? Because that will never be fully solved, just like the internet scaling problem is always a problem, so in itself is not a problem, its just a never ending process.

If by 2027 21 BTC holders aren't rich it will be a disappointment. At least 1 million USD per 21 BTC holder should be guaranteed.

lionheart78

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Quote from: gentlemand on February 16, 2017, 12:02:38 PM

Quote from: Vaccinus on February 16, 2017, 11:58:22 AM

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.

I agree that 2020 is too short for bitcoin to increase in price dramatically. I think it will take another two decade, that is if the current problem of Bitcoin is solved. If not then I only see the current Bitcoin supporter moving to another cryptocurrency thus making all the prediction invalid.

As for Bitcoin fate, let us just wait for your time frame. I do not have an idea on when will the fate of bitcoin unfold.

Arcteryx

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Quote from: tuvok007 on February 19, 2017, 12:48:14 PM

Quote from: hollandvan on February 17, 2017, 12:38:38 AM

Quote from: Pap0u on February 17, 2017, 12:14:27 AM

Stratis is the next big thing. It is Bitcoin written in C# with sidechain capability and many more.

Stratis is awesome, it will be insanely pumped in the future, it may be like another ETH or XRP, has so huge total market cap.

Can you say something more about Stratis? I can see that they are partners with microsoft azure like lisk and it seems the the team is serious and strong. Price also seems very stable in the last six months and it does seems like its still cheap to get in...

I have asked the exact same thing too.
Are the developers still here and able to answer any questions live about it if you had any?
Seriously looking in to collecting some to see how it goes then if all does well store to stake it in the wallet.

tuvok007

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Quote from: hollandvan on February 17, 2017, 12:38:38 AM

Quote from: Pap0u on February 17, 2017, 12:14:27 AM

Stratis is the next big thing. It is Bitcoin written in C# with sidechain capability and many more.

Stratis is awesome, it will be insanely pumped in the future, it may be like another ETH or XRP, has so huge total market cap.

Can you say something more about Stratis? I can see that they are partners with microsoft azure like lisk and it seems the the team is serious and strong. Price also seems very stable in the last six months and it does seems like its still cheap to get in...

cellard

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Quote from: mtwelve on February 16, 2017, 10:25:42 PM

Quote from: BillyBobZorton on February 16, 2017, 12:28:19 PM

Quote from: gentlemand on February 16, 2017, 12:02:38 PM

Quote from: Vaccinus on February 16, 2017, 11:58:22 AM

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.

We are not going to live forever. If in 2020 bitcoin is not making a lot of people rich, then who fucking cares? Might as well jump in front of a train to be honest. How else im going to keep dealing with the rat race? I don't want to spend the rest of my life working only to find out im not even a millionaire yet with 21 BTC in 2030, and for that to happen, 2020 means at least 5 figures.

Otherwise, if that doesnt happen, OP is right. We are going to need an altcoin that makes us rich by taking an huge risk.

Jumping in front of a train is quite drastic, and such price appreciation in 3 years would require a lot for Bitcoin to change use case wise. Think you need to start looking for a railroad station, because I highly doubt Bitcoin will appreciate enough for you to retire in just three years. While I do think Bitcoin is maturing and price will slowly creep up, those 21 BTC will eventually be worth a fortune.

But eventually may mean 50 years.

We don't want to wait to be old and crippled to be rich. We want to be rich we still can enjoy it. In my case im 30 years old, in 10 years I will be 40. If 21 BTC holders aren't rich by 2027, I guess I will never be rich, not unless I luck out by buying a new altcoin that somehow pumps to moon and back and I get in early. Just by holding BTC... unless we see an insanely high pump, I dont see it happening unfortunately.

mtwelve

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Hearing a lot about Stratis, might have to take a look into it. PEPECash surprisingly is something I'm holding a small amount in, and I'm staying THE HELL away from DASH at the time being, have no clue when that thing comes down. I expect it to come down hard too. Maidsafe is seeing the first signs of a dip/correction, but looks too early to say if definite trend reversal.

Seansky

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So many altcoins right now are popping out and like OP, I don't see much potential on other altcoins to pump hard but those new ones now might but it is not that big of a pump. There are some couple interesting altcoins right now though like stratis who I think might pump in the future, and maybe some other altcoins that are in the market now will pump big well let's just wait and see I just hope I can buy at the right time and sell at right time again.

Arcteryx

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Quote from: hollandvan on February 17, 2017, 12:38:38 AM

Quote from: Pap0u on February 17, 2017, 12:14:27 AM

Stratis is the next big thing. It is Bitcoin written in C# with sidechain capability and many more.

Stratis is awesome, it will be insanely pumped in the future, it may be like another ETH or XRP, has so huge total market cap.

And where is this listed? It would help to know the symbol that it is so can be easily found on any exchange members are registered on.
It does sound interesting since i just heard about BU and found out what it really is.
So a current language is important for any progress for bitcoin to get better.
So investing into this very thing that may cause it to happen is sure sign to me it will be quite valuable.

mtwelve

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Quote from: talkbitcoin on February 17, 2017, 03:42:12 AM

Quote from: ASHLIUSZ on February 17, 2017, 02:50:41 AM

In a single price pump being rich is not at all possible. Its good to move on slowly from small scale trading towards the high volume transactions. It doesn't matter whether you prefer bitcoin or some other altcoins. Also need to diversify all your earnings in different investment options to get the best profit out of it.

well it actually is possible to make a huge profit, but maybe not become rich in a meaning of becoming a multi millionaire. some of these altcoins that get pumped have very huge volume, now imagine investing a rather large amount in one of them.

for example ethereum first pump from 0.002 to 0.03 bitcoin had 30 million dollar daily volume.

Looks like it's going on another rally. DASH too. Heard a new expectation of the "flippening" in Etherum to occur where Etherum is expected to overtake Bitcoin once realization of Etherums superiority in technical fundamentals sets in. Not sure if or when this is supposed to happen, but thought I'd throw that out there.

talkbitcoin

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All I know is that I know nothing.

Quote from: ASHLIUSZ on February 17, 2017, 02:50:41 AM

In a single price pump being rich is not at all possible. Its good to move on slowly from small scale trading towards the high volume transactions. It doesn't matter whether you prefer bitcoin or some other altcoins. Also need to diversify all your earnings in different investment options to get the best profit out of it.

well it actually is possible to make a huge profit, but maybe not become rich in a meaning of becoming a multi millionaire. some of these altcoins that get pumped have very huge volume, now imagine investing a rather large amount in one of them.

for example ethereum first pump from 0.002 to 0.03 bitcoin had 30 million dollar daily volume.

ASHLIUSZ

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In a single price pump being rich is not at all possible. Its good to move on slowly from small scale trading towards the high volume transactions. It doesn't matter whether you prefer bitcoin or some other altcoins. Also need to diversify all your earnings in different investment options to get the best profit out of it.

hollandvan

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Quote from: Pap0u on February 17, 2017, 12:14:27 AM

Stratis is the next big thing. It is Bitcoin written in C# with sidechain capability and many more.

Stratis is awesome, it will be insanely pumped in the future, it may be like another ETH or XRP, has so huge total market cap.

Pap0u

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Stratis is the next big thing. It is Bitcoin written in C# with sidechain capability and many more.

mtwelve

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Quote from: BillyBobZorton on February 16, 2017, 12:28:19 PM

Quote from: gentlemand on February 16, 2017, 12:02:38 PM

Quote from: Vaccinus on February 16, 2017, 11:58:22 AM

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.

We are not going to live forever. If in 2020 bitcoin is not making a lot of people rich, then who fucking cares? Might as well jump in front of a train to be honest. How else im going to keep dealing with the rat race? I don't want to spend the rest of my life working only to find out im not even a millionaire yet with 21 BTC in 2030, and for that to happen, 2020 means at least 5 figures.

Otherwise, if that doesnt happen, OP is right. We are going to need an altcoin that makes us rich by taking an huge risk.

Jumping in front of a train is quite drastic, and such price appreciation in 3 years would require a lot for Bitcoin to change use case wise. Think you need to start looking for a railroad station, because I highly doubt Bitcoin will appreciate enough for you to retire in just three years. While I do think Bitcoin is maturing and price will slowly creep up, those 21 BTC will eventually be worth a fortune.

youdamushi

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Quote from: _nur on February 16, 2017, 12:31:43 PM

Quote from: Wolf Rainer on January 24, 2017, 11:07:12 PM

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

ok... why doge coin?

I'm like what's the purpose of dodge coin?

isn't it just pure play?

Yeah it's pure play but...
But for something that was supposed to be a joke it's a freaking solid one!
It slowed down quite a bit but it's still a real currency while being a meme xD

cellard

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Quote from: _nur on February 16, 2017, 12:31:43 PM

Quote from: Wolf Rainer on January 24, 2017, 11:07:12 PM

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

ok... why doge coin?

I'm like what's the purpose of dodge coin?

isn't it just pure play?

Yes, it's nothing but a stupid meme, but people like memes, specially cute ones, and DOGE has an huge community, so that means it's not abandoned, just look at the reddit of the coin, its one of the biggest crypto reddits, so at any time some whale can decide to go like "well fuck it, looks like its time for a god damn DOGE pump!!"

gentlemand

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Welt Am Draht

Quote from: BillyBobZorton on February 16, 2017, 12:28:19 PM

We are not going to live forever. If in 2020 bitcoin is not making a lot of people rich, then who fucking cares? Might as well jump in front of a train to be honest. How else im going to keep dealing with the rat race? I don't want to spend the rest of my life working only to find out im not even a millionaire yet with 21 BTC in 2030, and for that to happen, 2020 means at least 5 figures.

Otherwise, if that doesnt happen, OP is right. We are going to need an altcoin that makes us rich by taking an huge risk.

But it's only three and a bit years away. That's really not very long at all. Its downturn lasted around half as long as that. To get there every aspect from the market, exchanges, awareness, utility, education, technical capacity has to take a big step up from where it is now.

I expect a longer wait for serious potential gains, but I think the conditions to foster them will either exist or not exist by then.

If you choose the right alt then it's in the bag of course, but that's also like saying if your grandma had balls she'd be your grandpa.

_nur

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Quote from: Wolf Rainer on January 24, 2017, 11:07:12 PM

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

ok... why doge coin?

I'm like what's the purpose of dodge coin?

isn't it just pure play?

Topic: The only way to get rich is by riding the next big alt pump (Read 6455 times)