This forum is full of future millionaires - page 8.

Ibian

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Quote from: HurricanOday on June 03, 2014, 02:17:53 PM

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

Buy buy buy all you can.

No, seriously. It's pretty much certain that the value will keep going up for a while longer. Possibly way up. The only real problem is keeping your private keys safe, which for most of us is doable. The economic side is a no brainer.

okthen

hero member

Activity: 490

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Quote from: HurricanOday on June 03, 2014, 02:17:53 PM

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

I would be really happy to have 10...
As others said: spend only what you can afford to lose.
And I'd add: only that, but all of that Wink

Parazyd

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Space Lord

Quote from: igorr on June 03, 2014, 02:34:49 PM

Quote from: Robert Paulson on May 31, 2014, 10:54:25 AM

This forum is full of future millionaires

or beggars.

or gazzilionaires.

igorr

sr. member

Activity: 406

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Quote from: Robert Paulson on May 31, 2014, 10:54:25 AM

This forum is full of future millionaires

or beggars.

jonald_fyookball

legendary

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Core dev leaves me neg feedback #abuse #political

Although we are all eventually hoping for 1 btc > 100k, I think a much more realistic medium term goal is 10k per coin. So if you want to your bitcoin stash to be worth $100,000 you would need 10 coins. If that's not enough for you, buy more

pinksheep

full member

Activity: 196

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I'd rather lose what I have in than know I could have had hundreds of thousands or more if only I'd taken the risk. This way the most I can lose is a few thousand, but if it turned out right & I hadn't invested, I'd have lost the opportunity for a potential fortune.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Quote from: HurricanOday on June 03, 2014, 02:17:53 PM

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

I've ended up with more than I was initially planning to buy. It wouldn't destroy me if it all fell apart but it would be rather sucky.

The more I've looked into it, the less interesting conventional investments seem to me. That might be a slippery slope. I probably haven't stopped buying yet.

If the loss of the money you put in doesn't make you sweat at night then that's a good start. The amount you've chosen is a good balance. It has a chance to pay off big a while down the line if all goes well without being an insane amount to lay out.

I've chosen to sweat a little more.

pinksheep

full member

Activity: 196

Merit: 100

I believe in BTC but want the money sooner rather than later. I could make do with a few but I'd have to wait longer, so I'm prepared to bear more risk.

bananaControl

sr. member

Activity: 322

Merit: 250

Decentralize All The Things!

Quote from: HurricanOday on June 03, 2014, 02:17:53 PM

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

It depends, would you be sorry if it all went to zero? You should put as much into bitcoins as you don't mind losing.

edit: too late

jonald_fyookball

legendary

Activity: 1302

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Core dev leaves me neg feedback #abuse #political

Quote from: HurricanOday on June 03, 2014, 02:17:53 PM

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

Depends what your risk tolerance is, how much money you want to make, and how much you believe in bitcoin.

HurricanOday

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Mining. Hosting. Cloud Mining.

How many of you guys have 10+ coins? I just started in april and have 8 coins, you guys are saying I should buy more? I feel pretty good about my average buy in and have already made more than 1k. I also still feel that if bitcoin goes big 8 is enough to make money and if bitcoin tanks then losing the 8 will hurt but I will live kinda thing.

How many do most people recommend? (besides the buy buy buy all you can)

MICRO

legendary

Activity: 2464

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CEO @ Stake.com and Primedice.com

Quote from: Parazyd on June 03, 2014, 12:39:22 PM

Quote from: MICRO on June 03, 2014, 12:37:31 PM

Quote from: Torque on June 03, 2014, 12:27:15 PM

Quote from: pinksheep on June 03, 2014, 12:18:58 PM

sure hope you're right, that's why I keep buying more BTC at every opportunity; the more I have, the sooner I'll reach the amount that I need to fulfil my dreams

When I bought my 1st one, I only intended to buy one, then it was 2, then 3......

Exactly right. The key to bitcoin riches is buying and holding as much as you can, as every bitcoin is a multiplier of wealth. Don't wait to 6-12 months from now when it costs more, buy what you can now (but never leveraged or on credit, avoid this). And keep buying on the major dips. The day traders think the key to long term wealth is day trading the swings. Nope. It's acquiring as much btc as humanly possible.

Well that can also create problems. If lots of people buy loads of btc and only hold to them , bitcoin price will not go up. Bitcoin needs movement for the price to go up.

We'll get movement when we hit $1000 again. Then the media coverage will start.

Oh yeah. When it hit 1000$ media coverage in serbia started and that is how i heard about it and got on the train.

pinksheep

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Activity: 196

Merit: 100

Quote from: okthen on June 03, 2014, 12:31:08 PM

Quote from: pinksheep on June 03, 2014, 12:12:01 PM

I'm in my mid 40s so I feel I can't wait 10 years...I'll be old then Sad

You know what, I think you're lucky to be in your mid 40s.
I'm still in uni and really can't buy more than what I have now, which is already little.
At least you already are at a stable age and can buy accordingly

Never thought of it like that but it's a good point.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: MICRO on June 03, 2014, 12:37:31 PM

Quote from: Torque on June 03, 2014, 12:27:15 PM

Quote from: pinksheep on June 03, 2014, 12:18:58 PM

sure hope you're right, that's why I keep buying more BTC at every opportunity; the more I have, the sooner I'll reach the amount that I need to fulfil my dreams

When I bought my 1st one, I only intended to buy one, then it was 2, then 3......

Exactly right. The key to bitcoin riches is buying and holding as much as you can, as every bitcoin is a multiplier of wealth. Don't wait to 6-12 months from now when it costs more, buy what you can now (but never leveraged or on credit, avoid this). And keep buying on the major dips. The day traders think the key to long term wealth is day trading the swings. Nope. It's acquiring as much btc as humanly possible.

Well that can also create problems. If lots of people buy loads of btc and only hold to them , bitcoin price will not go up. Bitcoin needs movement for the price to go up.

We'll get movement when we hit $1000 again. Then the media coverage will start.

pinksheep

full member

Activity: 196

Merit: 100

I only got involved in mid January this year, but I suppose that was better than getting involved when it was $1200 per coin. I think my average is around $740 - not long until I break even

MICRO

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Activity: 2464

Merit: 1037

CEO @ Stake.com and Primedice.com

Quote from: Torque on June 03, 2014, 12:27:15 PM

Quote from: pinksheep on June 03, 2014, 12:18:58 PM

sure hope you're right, that's why I keep buying more BTC at every opportunity; the more I have, the sooner I'll reach the amount that I need to fulfil my dreams

When I bought my 1st one, I only intended to buy one, then it was 2, then 3......

Exactly right. The key to bitcoin riches is buying and holding as much as you can, as every bitcoin is a multiplier of wealth. Don't wait to 6-12 months from now when it costs more, buy what you can now (but never leveraged or on credit, avoid this). And keep buying on the major dips. The day traders think the key to long term wealth is day trading the swings. Nope. It's acquiring as much btc as humanly possible.

Well that can also create problems. If lots of people buy loads of btc and only hold to them , bitcoin price will not go up. Bitcoin needs movement for the price to go up.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: pinksheep on June 03, 2014, 12:12:01 PM

I'm in my mid 40s so I feel I can't wait 10 years...I'll be old then Sad

45 to 55 is crossing the chasm to elderliness? You'd still have a lake full of piss and vinegar at that age.

I think we'll have a strong idea of where all this is heading a long time before then.

okthen

hero member

Activity: 490

Merit: 500

Quote from: pinksheep on June 03, 2014, 12:12:01 PM

I'm in my mid 40s so I feel I can't wait 10 years...I'll be old then Sad

You know what, I think you're lucky to be in your mid 40s.
I'm still in uni and really can't buy more than what I have now, which is already little.
At least you already are at a stable age and can buy accordingly

Torque

legendary

Activity: 3710

Merit: 5286

Quote from: pinksheep on June 03, 2014, 12:18:58 PM

sure hope you're right, that's why I keep buying more BTC at every opportunity; the more I have, the sooner I'll reach the amount that I need to fulfil my dreams

When I bought my 1st one, I only intended to buy one, then it was 2, then 3......

Exactly right. The key to bitcoin riches is buying and holding as much as you can, as every bitcoin is a multiplier of wealth. Don't wait to 6-12 months from now when it costs more, buy what you can now (but never leveraged or on credit, avoid this). And keep buying on the major dips. The day traders think the key to long term wealth is day trading the swings. Nope. It's acquiring as much btc as humanly possible.

pinksheep

full member

Activity: 196

Merit: 100

sure hope you're right, that's why I keep buying more BTC at every opportunity; the more I have, the sooner I'll reach the amount that I need to fulfil my dreams

When I bought my 1st one, I only intended to buy one, then it was 2, then 3......

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