What if I buy 3BTC now and forget about them for 10 years??? - page 3.

YuginKadoya

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Quote from: donbu7 on May 22, 2017, 12:31:50 PM

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??

Bitcoin is totally reaching the height we can not imagine it can reach and the answer to your question that I am really thinking right now is yes! you can be super rich if the price would go straight up within that 10 years span you have a 3 BTC but forget about the forgetting part because you might forget the password instead then goodbye bitcoin and millions of earnings that you have right now, I think you just need to save and just go with your life and don't spend that 3 btc in 10 years and lets see what happens.

makolz26

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Then it is a sorry for you, just be vigilant in everything and of course you make some pattern in your password etc, make your personal email as your secret diary and just don't ever forget your email. As per me I see to it that I won't forget my email, I make pattern by myself and of course my spouse knows my password.

ktabb

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Quote from: donbu7 on May 22, 2017, 12:31:50 PM

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??

People on this thread telling you that you'll definitely be rich or questioning whether or not USD will be with anything are crazy. In 10 years, Bitcoin won't even be remotely close to overtaking USD as a currency. I don't know if it will ever be. It has a huge volatility problem. Right now it is not a currency, it is an investment or medium for transferring money.

You probably won't be rich by holding btc for 10 years. You might make some money, but the odds of 3 btc making you rich are very small. Bitcoin has a lot of big hurdles to overcome before it can go up very much.

FlightyPouch

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Quote from: donbu7 on May 22, 2017, 12:31:50 PM

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??

Many things might happen but the best thing is that, it is a sure big profit. You will be rich because the time it was released on January 2009, more than 8 years ago, it was almost free, it is not even worth a dollar.
You will be rich, the thing is, from a bitcoin which don't have a price became a $2100 or $3000 it is a big price and super big profit.
You might lost your money, but from the investment that you made from bitcoin, multiply your money for almost 100 times.
That is not an few extra dollars, that is a fortune.
I would, the bitcoin is still not reaching 10 years, it might be something bigger.

MachineZero

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mcrypt.com domain 4sale 20BTC

It is pretty much unanimous that Bitcoin will have a binary outcome. At its current trajectory, it is expected to be adopted by more people therefore grow is value vs fiat since there is a finite supply. At what price it will end up is anyone's guess. A variety of factors such as the market share vs altcoins and US dollar reserve currency status will mean the difference of 5 or 7 figures in a positive outcome. On the negative side, I do not think it'll go to zero, but can go near the current value of 1 dogecoin. Of course, that would be in the event of a catastrophic loss in confidence. The factors that will govern the price on a negative outcome is government regulation, chain split, change in PoW algorithm and again the market share & features of altcoins.

The Bitcoin civil war is bringing about uncertainty of future Bitcoin success vs Altcoins. It could be a blessing in disguise that allows for late comers to have a chance to accumulate. Or it can mark the beginning of the end of Bitcoin's reign and first mover advantage.

rjclarke2000

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Quote from: freebutcaged on May 30, 2017, 08:32:16 AM

Did anyone buy at $2100 yesterday? because price just hit $2290 and my jaws are on the floor, if you did buy 3 Bitcoins

At $2252 now you could sell only after 24-36 hours to earn pure $114, now tell me if that's not something extraordinary?

Where on earth you can invest less than $7000 and earn $114 in 24 hours later?

Yeah but that's the gamble. It could have dropped.

Also with bitcoin that's nothing!!! I have woken up with huge gains over night and then the next day half the gains gone. Not for the faint of heart.

freebutcaged

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Did anyone buy at $2100 yesterday? because price just hit $2290 and my jaws are on the floor, if you did buy 3 Bitcoins

At $2252 now you could sell only after 24-36 hours to earn pure $114, now tell me if that's not something extraordinary?

Where on earth you can invest less than $7000 and earn $114 in 24 hours later?

rjclarke2000

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Do it.

Create a paper wallet and print 2 copies.

Put a copy in 2 fire proof safes in 2 locations. Maybe even buy a waterproof/ fireproof sleeve to seal it in.

Try and get on with your life and do not touch them.

These will be safe stored offline.

Go on bitaddress.org to get a paper wallet and make sure you wipe your history and have a printer that is offline when doing this. Share your private key with NO-ONE.

3btc may not be enough but who knows, it could be $100k per btc or far far less. Nobody knows what the price will be so invest and forget.

Yuuto

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Quote from: bL4nkcode on May 29, 2017, 10:22:35 PM

Quote from: donbu7 on May 22, 2017, 12:31:50 PM

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??

How can you be rich if you forget about them and if you didnt remember its login details if you use an encrypted one, 10 years is so long and so many things will happen. Even if you have an offline backup on it that you store/save in your treasure box, if there's no something bad then that's awesome, you will be rich on that year if and only if bitcoin is still alive Cheesy

Just kidding, I know bitcoin will survive for a long time.

I think it would be wise to do like an nlocktime transaciton instead of having your private key because i believe that bitcoin is definitely going to go up in the long term, so therefore selling anytime soon would be an absolute waste of effort and bitcoins.

If you do an nlocktime transaction and throw away the private keys( make sure you do so securely) then you will be able to basically force yourself not to gamble/sell too low of a price.

giveen

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Nothing much would happen you will suddenly discover your wallet with 10 btc and see it's totaly value will be some 100k and then you will either make another accou here or just post with this account another topic 'Found a wallet with 10 btc in it'. After you post that your pm will get flooded with people giving you useless tips and asking you if you can share some with them. But to the point of you actually plan to do that , then it's a really good idea in my opinion

Yutard

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Quote from: HatakeKakashi on May 29, 2017, 10:59:31 AM

If you buy 3 bitcoin and forget this for 10 years maybe you will become rich because they have possible the price will become $10,000 each bitcoin because the price everyear increase and I believe bitcoin will live long but it cannot live for more decades. Maybe 20 years is the maximum they live but I hope bitciin will live long . Many people for sure hold their bitcoin for their future. But remember no one can knows what happrn in the future maybe you can earn a lot of money but they have possible that your money gone.

That is right. But if the bitcoin or another coin such as Zcash are in active development and used widely, the price will rise.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

You'll be very rich holding a good volume of fiat in excess fulfilling all your desires. To have a clear understanding just think of the growth that has taken place in a time around 8-9 years. Just buying at 10$ long back have given around a profit of more than 250%, so investing now might get you similar growth after 10 years.

bL4nkcode

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Limited in number. Limitless in potential.

Quote from: donbu7 on May 22, 2017, 12:31:50 PM

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??

How can you be rich if you forget about them and if you didnt remember its login details if you use an encrypted one, 10 years is so long and so many things will happen. Even if you have an offline backup on it that you store/save in your treasure box, if there's no something bad then that's awesome, you will be rich on that year if and only if bitcoin is still alive Cheesy

Just kidding, I know bitcoin will survive for a long time.

sandor111

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Quote from: aso118 on May 29, 2017, 09:48:26 PM

If you have ~$6,000 that you have no immediate need for and can afford to lose, I would say go for it!!
It will take a lot of self control for you to hold on for the next 10 years though.
At the end of it, you will be a rich man.

Yes self control, patience and discipline is must to hold bitcoins for that long term as he will surely see ups and downs in the price in that duration and if he manages to hold coins without getting panic then he will surely become a rich man in future as price will be much higher in next 10 years.

Schuyler

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Quote from: aso118 on May 29, 2017, 09:48:26 PM

If you have ~$6,000 that you have no immediate need for and can afford to lose, I would say go for it!!
It will take a lot of self control for you to hold on for the next 10 years though.
At the end of it, you will be a rich man.

Being rich on those 3 bitcoins would still depend on a lot of things. Would bitcoin still be the top crypto currency in ten years' time? If that money is something that you wouldn't be needing in the next ten years and willing to forget about, then the decision is all yours. And maybe don't expect too much just so that you wouldn't be disappointed and maybe you'd be surprised if the price is higher than what you expected it to be.

aso118

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If you have ~$6,000 that you have no immediate need for and can afford to lose, I would say go for it!!
It will take a lot of self control for you to hold on for the next 10 years though.
At the end of it, you will be a rich man.

Luno

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If you succeed in doing that then I am sure that you will become rich after 10 years as at that time the price of bitcoin would be beyond our imagination and who knows only 3 bitcoins can make you millionaire so that would be the best investment to make and if you have more money then you can go beyond 3 btc as more bitcoins will give you more profits in future.

Buerra

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Traders doesnt win with trading they are waiting for right moment. You need to sit tight and watch the chart,on every downtrend turn off computer and go to walk Cheesy

sandor111

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Quote from: HatakeKakashi on May 29, 2017, 10:59:31 AM

If you buy 3 bitcoin and forget this for 10 years maybe you will become rich because they have possible the price will become $10,000 each bitcoin because the price everyear increase and I believe bitcoin will live long but it cannot live for more decades. Maybe 20 years is the maximum they live but I hope bitciin will live long . Many people for sure hold their bitcoin for their future. But remember no one can knows what happrn in the future maybe you can earn a lot of money but they have possible that your money gone.

It will take great patience to hold bitcoins for that long period of time as most of the people will start selling their coins when they see price going higher to make profits so there will be very few people who will manage to hold their coins with great level of discipline and there will be many who will get panic and may sell their coins at a wrong time.

Gilboa

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You honestly think you can refrain from price watching!

You're stronger than I as I cannot look away. The longest I went without looking at BTC price is maybe 1 week.

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