Why Bitcoin Could Be the Best Investment of the Century - page 2.

LiteCoinGuy

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In Satoshi I Trust

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

A very well written article.. Good job. Cool

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I think we might have way more than 100 000 merchants world wide, who accepted Bitcoin. I am writing emails to companies on a daily basis, asking when they will accept Bitcoin and giving them contact details of companies who would help them to do it.

The Cult like community, is actually a complement for us..... but it should actually be replaced by the word "Passionate" or "enlightened" Wink

it is a little bit more than 229 mio Cheesy

LiteCoinGuy

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In Satoshi I Trust

Quote from: jonald_fyookball on July 05, 2015, 10:51:27 AM

Quote from: aso118 on July 05, 2015, 10:41:54 AM

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

How do you know some of them aren't?

alot of high profile investors own BTC

"Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money"

scarsbergholden

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it feels like terminator genesis in here we all wants to change the future, just wondering who wants to be the john Connor for bitcoin, could skynet be the government at this point ? or lets say Banks !

freeyourmind

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Quote from: BitcoinPenny on July 07, 2015, 11:03:37 AM

Quote from: acquafredda on July 07, 2015, 09:59:04 AM

For some people in here it has already been the investment of the century.
Some people bought houses, retired, started business because of this revolutionary currency.

Shame I'm not one of those people.

Quote

So far, even if was not an early adopter I made some cents with it.

Me too... in a literal sort of way. Grin

Regards,
Christopher

It really is crazy to think about the very early adopters that were handsomely rewarded for throwing in a couple hundred bucks into a new technology. Although I wasn't one of them either, kudos to those that came out ahead.

BitcoinPenny

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BitcoinPenny.com

Quote from: acquafredda on July 07, 2015, 09:59:04 AM

For some people in here it has already been the investment of the century.
Some people bought houses, retired, started business because of this revolutionary currency.

Shame I'm not one of those people.

Quote

So far, even if was not an early adopter I made some cents with it.

Me too... in a literal sort of way. Grin

Regards,
Christopher

acquafredda

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For some people in here it has already been the investment of the century.
Some people bought houses, retired, started business because of this revolutionary currency.

Will it happen again?

Maybe, time will tell. So far, even if was not an early adopter I made some cents with it.

manselr

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Quote from: aso118 on July 05, 2015, 10:41:54 AM

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

They do already invest in Bitcoin, they just don't say so directly. They prefer to PR their Bitcoin based companies rather than saying "im loaded with Bitcoins", because that's precisely an argument used by haters. For example, Caesares Wenceslao from Xapo is well invested in Bitcoin and has publicly said so and has predicted BTC will go to 500k to 1 million dollars, something in between, in the next 10 years. He gets lots of hate by no-coiners because he admitted he is invested in BTC besides other companies. Thats why there is a lot of big wall street names and CEOs out there secretly owning BTC. If you don't think the likes of Bill Gates, Elron Musk, all sort of wall street people.. aren't yet holding BTC, you are delusional. The thing is, they haven't gone balls deep because they still wouldn't benefit from a sky rocketing price, too soon.

prodigy8

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in the future owning bitcoin will be a status symbol when the average person can't afford to buy even one.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: dballing on July 05, 2015, 01:15:35 PM

Welp, looks like that article was right about us being at the beginning of the next bull run. The pop we saw this morning was nice, but I think we need to break $310 before the mega green candles begin. What do you guys think? Will we go up gradually past that point or do you think it will be a race back to $1k+? I'd really like to know your thoughts.

I have friends and family that have been waiting on the side lines asking me when the perfect time would be to get back in. My feeling right now is if they wait too long they might not get in on time.

i'll check my crystal ball and get back to you

dballing

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Welp, looks like that article was right about us being at the beginning of the next bull run. The pop we saw this morning was nice, but I think we need to break $310 before the mega green candles begin. What do you guys think? Will we go up gradually past that point or do you think it will be a race back to $1k+? I'd really like to know your thoughts.

I have friends and family that have been waiting on the side lines asking me when the perfect time would be to get back in. My feeling right now is if they wait too long they might not get in on time.

gentlemand

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Welt Am Draht

Quote from: jonald_fyookball on July 05, 2015, 12:15:26 PM

Good points, plus there's a bit of the chicken and the egg thing going on.

How's the price ever going to rise in the long run without development of the ecosystem.

The VC money is building the system. Their intention is for organic demand to derive from it. If no organic demand arrives then it's all over.

It's no good having ten millionaires playing market with each other. You need millions of normal folks all finding a place for it in their lives. More and more compelling usage cases are arriving every day thanks to the people beavering away providing actual services.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: gentlemand on July 05, 2015, 11:03:43 AM

Quote from: aso118 on July 05, 2015, 10:41:54 AM

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

All they'd be doing is handing over their money to zitty early adopters who'd probably dump all over them and turn it all into smoke. There'd be a spike then it would settle back to where it started with zero gain for anyone.

These people make their money by building ongoing businesses with revenue and growth prospects. BTC itself will only flourish with more genuine applications. That's what they do.

I'm sure plenty involved have had a personal dabble but no one putting up the bread is going to bite their hand off when they say 'well, we're gonna use your money to buy a bunch of coins. Then we're gonna sit on them for a few years and do nothing. Hopefully they'll be worth loads more. How cool is that? Here's my bank details.

Good points, plus there's a bit of the chicken and the egg thing going on.

How's the price ever going to rise in the long run without development of the ecosystem.

Bitcoininspace

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I really hope some of the greeks have been able to purchase bitcoin. Who knows, after 10-15 years greeks could become the next filthy rich country because of bitcoins.

Herbert2020

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Quote from: dballing on July 05, 2015, 12:14:07 AM

Check out this article about why everyone needs to be investing in Bitcoin: https://atriark.com/blog/bitcoin-best-investment-century/

It's well written and put in a way that would help most outsiders understand why it's a good idea to get into the market right now. I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

yeah, there are still a lot of people who think that we who invested in bitcoin and believe in the higher price of bitcoin, are crazy .
but i am still believing and holding my bitcoins for a better future.

gentlemand

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Welt Am Draht

Quote from: aso118 on July 05, 2015, 10:41:54 AM

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

All they'd be doing is handing over their money to zitty early adopters who'd probably dump all over them and turn it all into smoke. There'd be a spike then it would settle back to where it started with zero gain for anyone.

These people make their money by building ongoing businesses with revenue and growth prospects. BTC itself will only flourish with more genuine applications. That's what they do.

I'm sure plenty involved have had a personal dabble but no one putting up the bread is going to bite their hand off when they say 'well, we're gonna use your money to buy a bunch of coins. Then we're gonna sit on them for a few years and do nothing. Hopefully they'll be worth loads more. How cool is that? Here's my bank details.

IIOII

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If you consider past gains, Bitcoin is already the best investment of the century. (Please come up with other assets to disprove me... )

Quote from: aso118 on July 05, 2015, 10:41:54 AM

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

That's a good question. Maybe they think that buying companies has a better risk-reward-ratio. If the companies VCs bought succeed, they will amass a lot of Bitcoin in the process. So they are buying Bitcoin indirectly. But maybe it's just traditional thinking or a pure definition-based phenomenon: VCs invest in ventures, that's why they are named VCs.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: aso118 on July 05, 2015, 10:41:54 AM

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

How do you know some of them aren't?

aso118

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★Nitrogensports.eu★

Quote from: Kprawn on July 05, 2015, 06:02:28 AM

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I often ask myself - why aren't they directly buying bitcoins?
Could they possibly think that the technology has applications, but the price could go to double digits?

Kprawn

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Merit: 1074

A very well written article.. Good job. Cool

I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?

I think we might have way more than 100 000 merchants world wide, who accepted Bitcoin. I am writing emails to companies on a daily basis, asking when they will accept Bitcoin and giving them contact details of companies who would help them to do it.

The Cult like community, is actually a complement for us..... but it should actually be replaced by the word "Passionate" or "enlightened" Wink

LiteCoinGuy

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Activity: 1148

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In Satoshi I Trust

Quote from: dballing on July 05, 2015, 12:14:07 AM

Check out this article about why everyone needs to be investing in Bitcoin: https://atriark.com/blog/bitcoin-best-investment-century/

It's well written and put in a way that would help most outsiders understand why it's a good idea to get into the market right now. I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

the article is okay but DONT STORE COINS AT atriark.com - just do it yourself.

Topic: Why Bitcoin Could Be the Best Investment of the Century - page 2. (Read 2346 times)