Re: I am pretty confident we are the new wealthy elite, gentlemen.
You're one of the ultra rare lucky ones. Talk to the thousands of people with money in Mt Gox, Bitinstant, ButterflyLabs, Gaw Miners, MyBitcoin, Pirates Ponzi, Bitcoinica, Bitscalper, Inputs.IO, Vicurex, Cryptorush, TradeHill, CryptoXChange, GBL, Just Dice, Bitcoin Rain, The Silk Road Seizure, Sheep Marketplace, BS&T, PicoStocks, Bitfloor, Basic Mining, Mintpal and many, many others.
Why is Just-Dice on that list of ponzis, scams, hacks, and thefts? Just-Dice took care of the over 60,000 BTC entrusted to it and returned it all when it shut down.
Ok, you found one that was corrected. The point remains that Bitcoin facilitates loss in a way that no other payment system does and has no insurance or fraud protection covering it. I was one of the lucky ones that made money when you could mine with a gpu at almost no cost other than electricity. From now on, people will need to put their own money in to it and they will only make money if they live long enough to see an enormous increase in the exchange rate. It's a gamble that may pay off but it's high risk.
There are many secure investments that pay 10-20% a year. If you start today with $10,000 and average 20% a year for 20 years, you'll have over $380,000. Add $2,000 a year to the pot, and you'll wind up with $756,751 after 20 years. Granted, 20% a year is not super easy to achieve. But even if you only make 10% a year, you're still going to become very wealthy over the long term. People are getting scammed or throwing their money at gambling bitcoins because the return isn't happening fast enough for them. They should simply try a stable long term investment.
Yeah, right...
Name some of these "for sure 10%" a year risk-free investments?
Index funds are amongst the most stable long term investments, and mine only earned on average a bit over 5% over the past 15 years, and sure maybe there could have been ways to apportion them better for greater gains, but to securely earn 10%, I doubt it.
On the other hand, bitcoin seems to be a fairly decent bet... sure it may not be completely secure (well, we know that it is not), but gaining more than 5% per year seems to be very likely, and possibly even more likely to outperform traditional stock index funds in the next 20 years... Sure there is some gamble, and maybe even some need to be interactive with bitcoin and dollar cost averaging or even big swing trading may help to enhance a bitcoin portfolio's performance in the upcoming 20 years.
There are 10-12% return investments that aren't hard to find. I've averaged 14% a year on a WSIB Real Estate Investment Trust. The problem is you need investment money and the knowledge to know what's right for you.
That's hard to do if you think a good job is a signature campaign on bitcointalk.
You are goofy and inclined towards unnecessary attempts at personal attacks.
You may have gotten lucky with your particular investment fund, but these supposedly safe investments that assuredly earn 10% or more per year are not easily in grasp for regular people... even if we are talking about fairly modest investments of $10k or $20k.
Yeah, your signature already shows that you are ideologically against signature campaigns for whatever reason, and I could give a ratt's ass about your opposition because I do not have a problem with them which I suppose is reflected in the fact that I started to participate in signature campaign activities in about October 2015.
I may have earned close to 1 bitcoin from my so far participation in signature campaigns, and my rationale for getting into signature campaigns was to add free BTC to my BTC holdings for activity that I already partake in.. so it really does not change my activity. Also, before I began to participate in signature campaigns, I was not bothered by viewing the postings of other members with signatures, so therefore, I did not suffer through any kind of moral dilemma regarding whether I participate in such practice.
Anyhow, your problem with signature campaigns is your bug-a-boo, and likely you have troubles accepting other widespread practices too, though you still seem to enjoy participating in this forum that facilitates such signature campaign practices. Go figure??
