Quote from: JayJuanGee on November 02, 2014, 11:49:05 AM

Quote from: fabiola! on November 02, 2014, 02:13:48 AM

Quote from: JayJuanGee on November 02, 2014, 01:25:09 AM

Quote from: fabiola! on November 01, 2014, 01:42:24 PM

Quote from: JayJuanGee on November 01, 2014, 10:11:18 AM

Quote from: fabiola! on November 01, 2014, 03:14:44 AM

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Quote from: JayJuanGee on November 01, 2014, 12:37:06 AM

Quote from: malev on October 31, 2014, 10:59:05 PM

I am not only holding my btc, but also mine them using cloud mining, and I started buying more since the price is very low. I believe that the price will sky rocket once bitcoin get international recognition and more people start using it. This will take time, maybe 10 years, but it will happen and when it does we (the first investors) will be the richest people. Wink

If it is going to take 10 years to become the "new wealthy elite, gentlemen," then those of us aspiring for such status better have some decent will power and patience to be able to hold onto our coins for such an extended span of time.

These things tend to happen gradually. It will not take 10 years.

2-3 years TOPS, probably more like 1 year.

I think that is a reasonable amount of time to wait to be rich

Also gives you time to stock up on as many BTC as possible

Why do you guys want to be super rich so badly? What's the big deal? This is a serious question, could you guys answer why you want to be part of a wealthy elite? Don't you know the cons of being rich?

I know several of the cons about being NOT rich... for example having to work and having to pay bills and having to spend a lot of time engaged in trivial tasks that I would prefer to contract out.... and NOT having as much time or money to engage in some activities that I would prefer.

Yes in an ideal world there's no money worries and we all do whatever we want with our time. But I meant there's a difference between being rich and being comfortable. Comfortable is an acceptable wish, having not many worries, and a bit of fun here and there, a bit of travelling maybe, enough to treat yourself to something you like, etc, but RICH is a bit greedy, anyone who dreams and wishes for more than a couple of million is a PR!ck in my opinion, if you ask people everyone wants to win the lottery like 20 million, 50 million, what For? Huh

Sounds as if you are lumping too many situations together and being overly judgmental about the desires of some people.

Every person's level of comfort will be different. Surely with about $1million or $2million, you can generate a fairly decent passive income from that ($3k to $6k per month); however, with $5million to $10 million the passive income will be even greater ($15k to $30k per month). Some of us could be completely happy with a passive income of $3k per month; however, I would be more content with around $6k to $10k per month - and surely, I would likely be even more content with a bit more than $10k per month.

Some would call $10k per month rich and some would NOT, and some would call $3k per month rich - especially if gotten from passive income.

$20 million to $50million would generate about $60k to $150k of income per month, and I agree that would be much more than what a lot of people would need to be happy - however, if a person had that kind of money, I am fairly certain that s/he would be able to figure out ways to spend it in order to strive towards increasing happiness... It is also possible that in the end, the person will NOT be any more happy with $50 million than s/he would have been with $5million... in other words, there may be a point of diminishing returns, yet that point of diminishing returns is likely going to differ from person to person.

Nah I wasn't being judgemental at all. I meant that after having the basics and a bit more for a few extras, everyone should be happy enough. Of course a few more extras would be nice. But I think there's a tipping point where too many extras could actually work against you. That's all I was saying.

But you guys still haven't answered my question..if you want to be rich, What's your main motive? (Apart from being able to have more fun and work less)
Are you trying to impress girls? Impress colleagues? Family members? Get confirmation you're not bad at business? Which one is it?? Is it something else??

To me, it sounds as if you are judging people to suggest that they should be happy to merely add a little bit to their comforts.

You have already granted that having a goal to work less and to have more fun are valid life goals, yet nonetheless, you add additional questions to suggest that people are striving for more.. such as to impress others.... In fact the impression of others will automatically come from the fact that a person is able to leave the rat race ... to work less and to have more fun. What else is needed? Two very valid goals.

I know, those two are absolutely valid.
The additional questions are there cause I'm curious. Some of the guys on here come across a bit greedy. So I was wondering what their motives are. Not judging anyone, just genuinely curious.