Quote from: shogdite on May 16, 2015, 06:10:43 AM

Quote from: Mt. Gox on May 16, 2015, 05:54:07 AM

Quote from: PenguinFire on May 16, 2015, 04:58:11 AM

I haven't invested anywhere the amount that I would be considered the "wealthy elite". A guy can still dream I guess. Cry

Maybe quite a few on this forum have enough BTC where this would be true.

I think the idea is that you can invest a modest amount of BTC, wait a while for the world to realize the benefits of the technology, and then become part of the wealthy elite since the value of your stash of coins would have grown by then. It worked for the first generation of Bitcoiners, and it could work for us.

Say if someone had invested just $3,000 into BTC in October 2011 when they were going for $3 per coin. $3,000 isn't enough for someone to be considered part of the wealthy elite. But if they held onto their coins and sold when they were worth $1,000 each, he would have $1 million and therefore become part of the new wealthy elite. Grin

However nice that sounds, it is like a fairytale or a dream. What I mean is back then when you spent 3k on 1000 bitcoin that is what you got '1000' bitcoin, try that today and you get around 13, for that to make the same million you need the price to go to about $80,000 per coin. The boat has sailed a long time ago and unfortunately we missed that boat and we will not be wealthy elite or even close on our 10btc-50btc. Of course I want it to happen but it won't. Just invest whatever you want as a hobbie not to make money and then it is stress free and if a miracle does happen you earned a few bob.

What's wrong with $80,000 per coin?