Topic: This forum is full of future millionaires - page 6. (Read 14596 times)

I like this article a lot I didn't know that Amazon had anything bitcoin-related planned. Hopefully, it'll help bring forward the day when we all celebrate being millionaires  

http://www.benzinga.com/tech/14/06/4605694/actions-by-3-fortune-500-companies-signal-bitcoins-price-may-surge-in-2014

I'm thinking of taking a huge fucking loan but i'm kinda afraid that my money will get stuck in limbo somewhere/scammed.

Long.  I want to sell half in 2 years towards a new house.  Or hopefully I can use them instead of having to convert to fiat.  The rest will be held for at least 10 years. 

That is proving to be a very nice entry to the market now. Do you plan on day trading with any of your investment, perhaps leverage using alts? Or are you holding for the long game?

Im all in as well.  Invested $10k in the $400 range and will keep buying and using btc.  Im 35 and have disposable income.  Im tired of playing it safe.

I've already taken my profits. No matter what, I've got more than what I put in out of it. It's binary for me now. It either works, or it doesn't. Either I'm rich, or not. Fuck it, let's go.

Sell regularly as price hits new highs.  Aim to keep your total withdrawals at around 10% of the fiat values of your Bitcoins.  Do not buy back in with the withdrawn funds when price drops and you will be protected from a complete failure of Bitcoin.  This gives you most of the price appreciation and some protection in case we suddenly go to 0.

This means any new fiat you receive should go 90% to BTC, and any increases in BTC price should result in a sell of 10% of the profit due to the increase.

Yeah that is what made most of miners to sell on 50$ , u will always think this profit is good enough. U need to sell at some point but when , that is the 1M$ question.

Getting out will definitely be the hardest thing to do. I know how much I need to build the house I want, but if & when it reaches that price, I'm gonna be wondering should I hold on, not just to get enough for the house, but in case it goes much higher & enables me to have a higher standard of living. I'd hate to get out at say $50,000 & have to work hard to pay the bills & then see it go to $100,000 or way above. Getting out will be much harder than getting in.

Most here won't resist the temptation to spend. Very few here will actually be millionaires.

haha

Let me know what else your dad is not investing in 
(dont worry, my dad bought facebook, so I know what your going through )

interesting...I had this feeling, but not too often. I wonder if a significant percentage of bitcoiners have this possibly genetic trait.
We might be the upcoming X-men...I kid, I kid.
Some theoretical background of the future affecting the past (Aharonov, etc):
http://physicsworld.com/cws/article/news/2012/aug/03/can-the-future-affect-the-past

I know exactly what you mean.  I have passed on other opportunities in my past, and they have always come back to remind me what an idiot I am.  

My dad passed on a $300K beachfront 3-story house in Charleston, SC in 1997.  That same house now goes for $5.5M.  He also passed on being an early investor in 1986 in a little known company that makes computer operating systems and office software... maybe you know the one?  Hehe.  He also passed early on a little known company where you could rent movies on VHS tape and take them home to watch.  Guess who?

From now on, I'm not gonna be that guy.

I'm just like you. Something, I don't know what, just seemed to tell me that this was the thing that was going to change my life. It's now an addiction for me too; I have no idea how many hours I have spent reading about BTC since January, but it's a LOT. Still, if this isn't a contradiction to what I've just wrote, I won't really believe it until it actually happens & I can buy & do the things I've always wanted to.

Great post.  I think a lot of us here may be like this.  At least those of us in the 30+ age range.  My best friend is a wealth advisor for ameriprise and has gone the "warren buffet" route (extremely slow returns, gradual, but guaranteed) and he still struggles to do all the things he wants to do.  I was the same way, and when Bitcoin came, something just made me change.  Threw caution to the wind.  I said "f*ck it" and started buying and buying and buying at $80.00.  Friends calling me crazy.   I actually felt like a total fool at the time.  But it became like an addiction.  The more I read about it, the more something inside me *knew* this was going somewhere.  One of my only super powers is shit like this.  I know when I see something that is going to be huge.  Even if everyone around me says it wont.  I have yet to be wrong.  I just have *never* taken the leap because I was afraid to take the risk.   I literally was in the sales office of a new condo complex in 2003 ready to buy as the housing boom was getting started.  It was a gamble.  And I didn't take it.  I could have purchased a place for $120,000 that sold for $750,000 less than a year and a half later.   I *always* miss the boat.  And I always know I'm missing it.  But never had the balls to go for it.  

This time I am "all in".  Because this time I listened to my intuition and decided to take the risk on it.

-B-

Well I would def consider myself in for the longer run. I work at boeing in seattle/renton area in WA state and have barely a year in, right now I make $17 and in 5 years will jump up to the max pay which will be around 35$ an hour. My credit isn't great but I have been working on it and will be looking to buy a house middle/end of 2016. At that time I would be making close to 20$ an hour and hopefully bitcoin has been good to me so I could use some money for a nice down payment for a house. Depending on how high it goes my house could include a batcave. My gf (prolly wife in a couple of years) makes 40k now, so end of 2016 we will probably have about 80k+ year income. I also have student loan debt to pay off so bitcoin going up could also help me take care of all/most of that. Nice decent house around 250-350k seems like an attainable goal esp if bitcoin goes 5-10k a coin or more that some people speculate.

So basically in 2-3 years I would like to have some money for a house and then with the rest I would be going along for the ride. Maybe continuing to buy more, but I am def considering buying more coins now just want to watch what the price does.

I'm with Hyena on this one.  Spent 15 years of my life "playing it safe" and conservative, and it got me nowhere really. While other more daring risk takers during that time made a killing.  No more for me, I've flipped the switch.  Bitcoin will either prove to be the game changing technology and cryptocurrency that many believe it will be, or it will go down to zero.  And I guess if that happens I'll ride it down along with millions of others.  But I just don't see that as the outcome, at least not for the next 3-5 years.  It's going to turn the world of finance on it's head.  And I'm strapped in.

Crimea.