Topic: What do you do with your new wealth? (Read 988 times)
I cannot feel it yet since I am living in a third world country. But I may say that investing and bitcoin mining helps me in our finances. Just give me more time then maybe I can feel those wealthiness just like everybody else experiencing through bitcoin right now.
Are you already used to be wealthy or still confused what just happened?
Well, I wished that I had sold my house and went all in with bitcoin earlier... The pump has been truly amazing and cannot be understated right now. The price is going over the roof.
I don't really have that much, i'm still getting used to this new bitcoin price though xD
How many BTCs do you guys have?
Want to know what you are considering "wealth"
2-10 Bitcoins is not wealthy!Want to know what you are considering "wealth"
2 Bitcoins is currently worth about $1400, you can't buy a decent road bike for that, let alone a car or a house!
10 bitcoins is a decent investment given the recent rise, but still doesn't make you wealthy.
For 2-10 Bitcoins to make you wealthy, I think the price would have to be $100k per bitcoin.
I am still enjoying the rise anyway.
Exactly this. 100k per coin would make most people pretty well off but even then if you have 2-10 btc its not going to be enough money for most people to retire unless you live in a 3rd world country or somewhere pretty cheap.
How many BTCs do you guys have?
Want to know what you are considering "wealth"
2-10 Bitcoins is not wealthy!Want to know what you are considering "wealth"
2 Bitcoins is currently worth about $1400, you can't buy a decent road bike for that, let alone a car or a house!
10 bitcoins is a decent investment given the recent rise, but still doesn't make you wealthy.
For 2-10 Bitcoins to make you wealthy, I think the price would have to be $100k per bitcoin.
I am still enjoying the rise anyway.
Are you already used to be wealthy or still confused what just happened?
I will continue to grow, and will throw my capital into real business, I will try to open a business in the real. such as opening a restaurant, or buy land
How many BTCs do you guys have?
Want to know what you are considering "wealth"
I don't have more than 0.08 Bitcoin stored, but I would say that anyone who has a total of something like 2-10 Bitcoins is relatively wealthy (as only ~9.5m and ~2.1m people will ever have potentially more Bitcoin than them), but even having 1 Bitcoin would mean you're more wealthy than a lot of the other users involved in Bitcoin. This would be especially applicable if Bitcoin was to ever take off.Want to know what you are considering "wealth"
Im not sure where you live but at current prices, even if it went up to 1000 dollars a coin , 2-10 bitcoins wouldnt make you rich at all. 10k isnt exactly a life changing amount. Anyone who is needing to adjust their lifestyle right now because of the change of price of bitcoin would have to be holding at least a few hundred in my opinion.
I just attempt to live underneath my means and all while just holding my coins hostage in the mean time. We're just getting started in this uptrend so there's no sensible reason to consider the cash value of them anytime soon.
No need to live underneath your means imo.. Just use your fiat to live a normal lifestyle and keep those coins locked up. That's what I'm doing atleast.
Glad I decided to buy as much as I could with spare cash until the 440 region. Now I think it is not worth it to buy new coins, I'll rather sit on my stash now
still holding, and waiting for 10k to use my bitcoin for soemthign greater than buying gillette on purse.io
i repeat this baby is so massively undervalued it's not even funny
above 100k if you are alone and have an house, it's already "wealth" for me
i repeat this baby is so massively undervalued it's not even funny
How many BTCs do you guys have?
Want to know what you are considering "wealth"
Want to know what you are considering "wealth"
above 100k if you are alone and have an house, it's already "wealth" for me
I just attempt to live underneath my means and all while just holding my coins hostage in the mean time. We're just getting started in this uptrend so there's no sensible reason to consider the cash value of them anytime soon.
You have balls, I have balls too
I just attempt to live underneath my means and all while just holding my coins hostage in the mean time. We're just getting started in this uptrend so there's no sensible reason to consider the cash value of them anytime soon.
Wealth? My bitcoins are still worth less than a million bucks.
$1,000,000.00 isn't much any more. It barely buys you a crappy little condo in downtown Toronto.
It will buy you a new boathouse if you have a nice cottage in Muskoka.
It will however supplement an old age pension quite nicely. No catfood sandwiches nor being treated like an inmate in an old-age gulag. It gives you the option of hiring and firing your caregivers in your twilight years, or choosing to live on a cruise ship.
Hopefully by the time I need to sell any coins, my stash will be worth several millions. In the meantime, I'll continue to party (sex&herbs&rock&roll) while accumulating more coins by buying the dips.
$1,000,000.00 isn't much any more. It barely buys you a crappy little condo in downtown Toronto.
It will buy you a new boathouse if you have a nice cottage in Muskoka.
It will however supplement an old age pension quite nicely. No catfood sandwiches nor being treated like an inmate in an old-age gulag. It gives you the option of hiring and firing your caregivers in your twilight years, or choosing to live on a cruise ship.
Hopefully by the time I need to sell any coins, my stash will be worth several millions. In the meantime, I'll continue to party (sex&herbs&rock&roll) while accumulating more coins by buying the dips.
So far I have no idea what to do with the value that has been generated for my stored Bitcoin, I'm still holding because this is insane and so far it has all been beneficial to me and a lot of other people.
I'll hold for this halving, and probably many more after it, so life is looking up at this point and I might have a reasonably decent sum of money in my future, but most of us will have that at that point.
I'll hold for this halving, and probably many more after it, so life is looking up at this point and I might have a reasonably decent sum of money in my future, but most of us will have that at that point.
How many BTCs do you guys have?
Want to know what you are considering "wealth"
I don't have more than 0.08 Bitcoin stored, but I would say that anyone who has a total of something like 2-10 Bitcoins is relatively wealthy (as only ~9.5m and ~2.1m people will ever have potentially more Bitcoin than them), but even having 1 Bitcoin would mean you're more wealthy than a lot of the other users involved in Bitcoin. This would be especially applicable if Bitcoin was to ever take off.Want to know what you are considering "wealth"
ever take off? Its taking off now but I do agree with the rest of your post. later in life most people will not be able to afford 1 full btc and those with 2-10 will be very rich.
How many BTCs do you guys have?
Want to know what you are considering "wealth"
I don't have more than 0.08 Bitcoin stored, but I would say that anyone who has a total of something like 2-10 Bitcoins is relatively wealthy (as only ~9.5m and ~2.1m people will ever have potentially more Bitcoin than them), but even having 1 Bitcoin would mean you're more wealthy than a lot of the other users involved in Bitcoin. This would be especially applicable if Bitcoin was to ever take off. Want to know what you are considering "wealth"
How many BTCs do you guys have?
Want to know what you are considering "wealth"
Want to know what you are considering "wealth"
Are you already used to be wealthy or still confused what just happened?
I'm still a bit dazed regarding this huge pump right now. Never knew that the bitcoin price was going to go this high. I knew that it was going to go up generally, but never expected this high.
I'd just hold my BTC for now, because halving is still some days away.
Are you already used to be wealthy or still confused what just happened?
I'm still a bit dazed regarding this huge pump right now. Never knew that the bitcoin price was going to go this high. I knew that it was going to go up generally, but never expected this high.
I'd just hold my BTC for now, because halving is still some days away.
Are you already used to be wealthy or still confused what just happened?
for me it would come into equation only if each btc is $10000, and even then just somewhat.
At $10000 (if current $ values hold), i would probably buy a vacation home in colder climate or simply travel more.
I'm starting the process of learning to live my new life. Bitcoin has been truly amazing for me.
Are you already used to be wealthy or still confused what just happened?
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