Topic: Will there ever be another crypto boom similar to BTC in my lifetime? - page 3. (Read 6678 times)

It was hardly much of a boom.  Dot.com in the late 1990s was $7 trillion.  Bitcoin peaked at $15 billion, because only 500K-2M users are using it.


Besides we know from the website BitcoinRichList that there isn't that many rich.  I looked at the numbers and it looks like only 55 active addresses (past 30 days) own more than $5 million.  

Then there are the charts which include all the addresses going back to 2009.  There's 1700 addresses with amounts more than $3 million.  Addresses are not people.  A lot of these belong to exchanges, are lost or inaccessible funds, multiple addresses can belong to the same person (a common security precaution), et cetera.

So in actuality, especially at current prices, I would be surprised if there's even 300 rich Bitcoiners who have access to their funds.


Here's some rhetorical logic -  if loads of people were getting rich off Bitcoin then how come this forum (or Reddit) isn't full of people posting photos of their brand new Lamborghini and mansions?  You know that stuff would happen if many ordinary people were getting rich.

Here's some rhetorical logic -  if loads of people were getting rich off Bitcoin then how come this forum (or Reddit) isn't full of people posting photos of their brand new Lamborghini and mansions?  You know that stuff would happen if ordinary people were getting rich.

There is no bitcoin millionaires, there are lots of  few 1000 BTC holders, some few 10k BTC holders and few few 100k BTC holders. No millionaires.

Crypto boom can be with BTC once again  Regarding other crypto currencies - I do not know 

Hey gang, broke student here.

I heard about BTC back in 2012 after doing acid (it enlightened me) but considering my family is poor and I was going to college I had no money to invest, I was in the red. I came back to the ecosystem sometime around late-2013 after some family trouble and made a bit of pocket change day-trading DOGE (1500$)...essentially nothing compared to you big shots.

Every day I wake up and want to kill myself, considering I do not have a time machine. All I want is to live with the comfort knowing I have 100k-1m$ in my bank account....the thing that kills me is knowing I could have had that comfy security but not in this timeline, maybe a parallel timeline where I did LSD earlier. I know there will most likely not be another moment in our lives where you can invest in a stock for 1$ and it goes to 1000$, and I can't take much more of working at this dead-end fast food job.

Does anyone have any info on how often this happens, and how I could get to know about such a thing early on? Is there a secret IRC or forum where people discuss this?

I don't want to an hero, however making 1500$ a month from fast food and spending 1000$ on rent and living expenses whilst only taking away 500$ is a FUCKING JOKE. At this point I might even move to Alaska and die of a bee sting like that McCandless guy did.

It just sucks that an entire life is wasted for being a few years late, you know?

A lot of bitcoin millionaires in end-2013 must be regretting not selling out.   

i love this post 

Sorry this was it. We're all millionaires, and you're not.

I hope it is still early years in the crypto currency life span. 

That's just pretense, as it always was. The economy is in much worse shape than it was in 2008 when they started to 'cure' it. Wait for the SP500 start to crash, they will re-introduce QE to prop up markets, but this time it will have to be really massive. It should stay afloat for another few months though without QE, but sooner or later all the credit will dry up.

QE is being withdrawn now. So I guess it will be some time before the next QE is introduced. The economy seems to be in good health. The fed won't want to rock it by introducing QE.

We are now living in the time of all previous QEs' effect expiring and dying and waiting for the next huge QE from FED that will be larger than all the previous QEs combined. Tide floats all boats as they say. When that next huge QE (will it be the last one?) hits the markets, everyone will run from fiat into something that can't be printed at whim. And that huge ocean of fiat will trickle into crypto currencies too, even if it's just a tiny trickle (10-20 billion USD out of trillions of QE). Until then it should be relatively quiet times in the crypto currencies, doesn't matter which crypto we're talking about here. BTC will stay below $500-600 till the next huge QE is released. Late summer - fall of 2015 sounds about perfect time for that QE.

I hope it is still early years in the crypto currency life span.