Is lukeP Billionaire yet?

Zsaleem

Zsaleem

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Jan 28, 2009
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I remember lukeP buying bitcoins like batshit crazy. Given current price touching almost 2900$ he only needs 350K coins to be a billionaire :ak:
what ya all think guys? I think either lukeP is already one or on path to be first WF billionaire :pimp:
 


Anybody buying Ethereum or can recommend buying any of the alt coins that might be highly profitable in the near future or even within the next few years? Also any of you have experience trading alt coins daily?
 
WickedSick said:
Anybody buying Ethereum or can recommend buying any of the alt coins that might be highly profitable in the near future or even within the next few years? Also any of you have experience trading alt coins daily?
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I'm betting that Ethereum will be big, because the Ethereum blockchain is useful and diverse technology that a lot of applications will be built upon. They have a bit of problem with their system getting overloaded, but I'm fairly certain they'll improve that.

Bitcoin is in some trouble with overloading as well, with transaction times and fees getting kind of ridiculous. None of the solutions to this are perfect, and it could end up splitting into 2 coins (if they initiate hard fork). The prices might fall hard if/when that happens, in which case I'll be buying.

I'm not buying more BTC or ETH until their prices come down. The price of ETH went up a lot recently partly because of the BTC hype, but also because startups are using it for ICOs (initial coin offerings -- kind of like an IPO but there's no regulation because its done through cryptocoin purchase). If governments start regulating ICOs it could bring Ether back down to earth in my opinion.

I have some Ripple coins (XRP) as well (I mined them back in 2013 using something called World Community Grid - a supercomputing network used for charitable research work). Ripple's a bit different because it's owned by a private company that's aiming to use their blockchain to serve banks and other financial institutions. Some banks are starting to adopt the Ripple system for international money transfers, and if Ripple overtakes SWIFT, it will be a HUGE deal. Think about how much money banks transfer every day (Trillions of dollars). Competitors might come along, but at the moment Ripple looks promising.

I'm not a whale or anything, so take that with a grain of salt. But that's how I'm thinking at the moment.
 
Whatup Bitches? :anon.sml:

You can thank Samgeneric for Tipping me off to this thread. I thought I'd been forgotten about around here it's been so long.


Zsaleem said:
I remember lukeP buying bitcoins like batshit crazy.
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More wishing than actual buying... Sad to say I'm not even a millionaire yet, but I've got enough diversified holdings that i'm comfortable enough. Even if Bitcoin has some bad troubles with the scaling war this fall, I'll be ok.

Zsaleem said:
I think either lukeP is already one or on path to be first WF billionaire :pimp:
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I'm pretty sure I can name two on here that have larger hodlings than I. I'd better not though.

Of course Satoshi is still sitting on between 1m and 1.5m bitcoins. I'd say he'll be the world's first Trillionaire soon, maybe next year.


WickedSick said:
Anybody buying Ethereum or can recommend buying any of the alt coins that might be highly profitable in the near future or even within the next few years?
Click to expand...
I've happily been a bitcoin maximalist all these years, but I came to recognize that other coins can co-exist because they have other roles to fill, and Bitcoin can still be the world's global reserve currency one day no matter how many other coins are highly-valued securities. I now hold a diversified portfolio of alts that I think will grow for different reasons.

Ethereum, however, is simply too flawed. It's got governance problems that make veterans run away screaming. I know it's hot right now, and Putin met with Vitalik about Ethereum last week, but it's 10x too risky for me and lately they've had actual network downtime... Something Bitcoin has never had.

The following is not investment advice, but I find these altcoins very interesting and think that they all have a bright future... Not as money, but as securities that have an underlying value that doesn't go away if speculators leave the market. In no particular order:

  • IOTA - The Internet of things coin; Super-advanced tech no longer needs a blockchain. It needs work but it's on the path to greatness.
  • ZEC - Zcash, which has Near-perfect anonymity... May become the black market coin but has huge corporate investors already. Run by Zooko, of Zooko's triangle fame.
  • LBC - LBRYcoin, LBRY is kind of a next-gen YouTube/iTunes replacement.
  • SC - Siacoin, the best of the decentralized drive-share apps. I hope to see this replacing dropbox and most cloud storage services one day soon.

For the short term, it may be worth holding onto some Litecoin (LTC) too, because Bitcoin is going through a rough patch for the next 1-3 of months, and LTC has put itself in the right position to receive those fleeing it. I'd sell it for Bitcoin when the big Dip is done, of course.

About the Block Size War

Since I'm sure someone is going to ask, yes, I am a little worried that the blockchain may split into two bitcoins, and investors will lose major confidence if that happens.

Regardless, after the split, no matter if it happens or not, BTC will be the best investment of them all once again because of the amazing upgrades that are pending now, and of course because BTC's network effects can't simply be reset to zero. It takes a lot of time and trouble to convince all those merchants and minds to switch to something new, and have them all agree on which that is.

So yes, Bitcoin is still a great investment that can go up 1,000x from here.... But I am personally betting on a pretty major dip happening first in the next few months... After which time I hope to buy a lot of really cheap bitcoins and become a billionaire from them afterall. ;)
 
lukep said:
Whatup Bitches? :anon.sml:

You can thank Samgeneric for Tipping me off to this thread. I thought I'd been forgotten about around here it's been so long.



More wishing than actual buying... Sad to say I'm not even a millionaire yet, but I've got enough diversified holdings that i'm comfortable enough. Even if Bitcoin has some bad troubles with the scaling war this fall, I'll be ok.


I'm pretty sure I can name two on here that have larger hodlings than I. I'd better not though.

Of course Satoshi is still sitting on between 1m and 1.5m bitcoins. I'd say he'll be the world's first Trillionaire soon, maybe next year.



I've happily been a bitcoin maximalist all these years, but I came to recognize that other coins can co-exist because they have other roles to fill, and Bitcoin can still be the world's global reserve currency one day no matter how many other coins are highly-valued securities. I now hold a diversified portfolio of alts that I think will grow for different reasons.

Ethereum, however, is simply too flawed. It's got governance problems that make veterans run away screaming. I know it's hot right now, and Putin met with Vitalik about Ethereum last week, but it's 10x too risky for me and lately they've had actual network downtime... Something Bitcoin has never had.

The following is not investment advice, but I find these altcoins very interesting and think that they all have a bright future... Not as money, but as securities that have an underlying value that doesn't go away if speculators leave the market. In no particular order:

  • IOTA - The Internet of things coin; Super-advanced tech no longer needs a blockchain. It needs work but it's on the path to greatness.
  • ZEC - Zcash, which has Near-perfect anonymity... May become the black market coin but has huge corporate investors already. Run by Zooko, of Zooko's triangle fame.
  • LBC - LBRYcoin, LBRY is kind of a next-gen YouTube/iTunes replacement.
  • SC - Siacoin, the best of the decentralized drive-share apps. I hope to see this replacing dropbox and most cloud storage services one day soon.

For the short term, it may be worth holding onto some Litecoin (LTC) too, because Bitcoin is going through a rough patch for the next 1-3 of months, and LTC has put itself in the right position to receive those fleeing it. I'd sell it for Bitcoin when the big Dip is done, of course.

About the Block Size War

Since I'm sure someone is going to ask, yes, I am a little worried that the blockchain may split into two bitcoins, and investors will lose major confidence if that happens.

Regardless, after the split, no matter if it happens or not, BTC will be the best investment of them all once again because of the amazing upgrades that are pending now, and of course because BTC's network effects can't simply be reset to zero. It takes a lot of time and trouble to convince all those merchants and minds to switch to something new, and have them all agree on which that is.

So yes, Bitcoin is still a great investment that can go up 1,000x from here.... But I am personally betting on a pretty major dip happening first in the next few months... After which time I hope to buy a lot of really cheap bitcoins and become a billionaire from them afterall. ;)
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Any price targets for taking profits?
 
given no mods and jon's continually-laughable absence, exactly how did you resurrect yourself from banned status on a dead forum?
 
drave said:
given no mods and jon's continually-laughable absence, exactly how did you resurrect yourself from banned status on a dead forum?
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Hey Drave!

Was I banned? No one told me.

If I remember correctly, I was laughed out of here making 'wild' statements about Bitcoin's future price. :banana_sml:


Shack said:
Lukep, doing the WF resurrection with Bitcoins in 2017. Interested in buying some coins now.
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Wait for the Dip! I can't say how hard it will fall, but I'm betting absolutely everything on a drastic drop between now and the middle of August. Sept 1 tops.
 
lukep said:
Hey Drave!

Was I banned? No one told me.

If I remember correctly, I was laughed out of here making 'wild' statements about Bitcoin's future price. :banana_sml:
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no, you flat-out asked to be banned and you were.

you being laughed out due to bitcoin is laughable in its own right because you lived to argue for bitcoin, and even in jon-time, nobody would have gotten banned for arguing for bitcoin. at least half of WF was pro-bitcoin.

so, no -- you don't remember correctly. you asked to be banned. you were banned. now you are "unbanned", somehow.

the "what" is not unclear, only the "how".

explain.
 
lukep said:
I was laughed out of here
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damn straight duck but it had nothing to do with bitcoin. It had more to do with you not knowing what you were talking about and getting bent over all the time by Guerilla. No surprise you were all talk with bitcoin but did fuck all investing, you're as capable a trader as Mc Grunin is. Another WF try hard.
 
Holy shit I LukeP is back (?)

I miss his epic bitcoin thread. It was a wild rollercoaster ride ...from like $100 to $1.3k? Then back to $200? Then up to $3k?
 
Speculation. That's it. You can dress it up and call it whatever you like to justify your reasons for getting in on all of this shit... but it's really just based purely on desires of irrational behaviors of silly humans that want something to be a thing that really isn't a thing, and the more people you get into believing it and even getting them to buy into it for real, the more likely it will become real... but it isn't real at all. Because.... SPECULATION.

Hey, our monetary system works the same way now. But should the power go out it's a lot easier to trade something for dollars than it is to trade some long code to someone on a gas line.. For now. But even that has it's limits, and the longer time goes by, the weaker it becomes until things go back to a barter/trade goods for goods kinda deal.

See, speculation is a hell of a drug if you want it to be. Profitable as fuck, too!
 
Jon said:
Speculation. That's it. You can dress it up and call it whatever you like to justify your reasons for getting in on all of this shit... but it's really just based purely on desires of irrational behaviors of silly humans that want something to be a thing that really isn't a thing, and the more people you get into believing it and even getting them to buy into it for real, the more likely it will become real... but it isn't real at all. Because.... SPECULATION.

Hey, our monetary system works the same way now. But should the power go out it's a lot easier to trade something for dollars than it is to trade some long code to someone on a gas line.. For now. But even that has it's limits, and the longer time goes by, the weaker it becomes until things go back to a barter/trade goods for goods kinda deal.

See, speculation is a hell of a drug if you want it to be. Profitable as fuck, too!
Click to expand...

Everything's F*cked! - Peep Show - YouTube
 
It's all smoke & mirrors. Outside of Barter & Labor there is no true exchange of value in the Human existence.


Remember......none of us OWN anything......we are only able to use anything during our existence for a limited time and then once we die it all goes back into the Pot for those still around to divvy up between them.

So, grab as much as you can, anyway you can while you are here. You only get to ride the Train of Life once.

Rules are set in place to help the top 2% horde all the goodies. :love-smiley-013:
 
Midas Touch said:
It's all smoke & mirrors. Outside of Barter & Labor there is no true exchange of value in the Human existence.


Remember......none of us OWN anything......we are only able to use anything during our existence for a limited time and then once we die it all goes back into the Pot for those still around to divvy up between them.

So, grab as much as you can, anyway you can while you are here. You only get to ride the Train of Life once.

Rules are set in place to help the top 2% horde all the goodies. :love-smiley-013:
Click to expand...

Jus' sittin' around hopin' 'n' chillin', waitin' fo' my (fractional) bitcoins to be worth millions...

- Mituozo -
1991 - 2017
"Had Bitcoin,
no foul play
whatsoever"
 
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