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| author | cryptosrus |
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| permlink | how-to-become-a-millionaire-in-5-years-with-bitcoin |
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| title | "How to Become a Millionaire in 5 Years with Bitcoin" |
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| body | "<p dir="ltr">So you want to be a millionaire? When it comes to <a href="http://cryptosrus.com/everything-bitcoin/">Bitcoin</a> there are many reasons to believe that the cryptocurrency has the power to create massive wealth. Even small amounts of Bitcoin have made people incredibly wealthy. There are countless examples of Bitcoin millionaires which have occurred within the last 5-7 years.</p>
<h1 dir="ltr">Bitcoin Millionaires</h1>
<p dir="ltr">Back in 2010, a Florida-based computer programmer by the name of Laszlo Hanyecz said he paid for a pizza with 10,000 Bitcoins that he had mined years ago. Today, that pizza would be worth $25 million.</p>
<p dir="ltr"><img class="alignnone wp-image-455 size-full" src="http://cryptosrus.com/wp-content/uploads/2017/06/Bitcoin-pizza-day.jpg" alt="Bitcoin for Pizza - Cryptos R Us" width="600" height="432" /></p>
<p dir="ltr">The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 roughly 7 years ago. Koch acquired a total of 5000 Bitcoins for his investment, which today would be worth $12.5 million.</p>
<p dir="ltr">And just last week, Cointelegraph talked about Erik Finman, who invested $1,000 in Bitcoin in 2011 when it was valued at $12. Finman now holds 403 Bitcoins which is worth $1.07 million. Oh, btw Erik Finman is only <strong><em>18 years old</em></strong>.</p>
<p dir="ltr">You might be thinking that you've missed the boat and that there is no way anyone can get wealthy from Bitcoin when it is already around $2,500 dollars. I would argue that is wrong and in fact, the value of each coin is increasing faster. Take a look at the chart below.</p>
<p dir="ltr"><img class="alignnone wp-image-445 size-full" src="http://cryptosrus.com/wp-content/uploads/2017/06/bitcoin.jpg" alt="How to Become a Millionaire in 5 Years with Bitcoin - Cryptos R Us" width="982" height="610" /></p>
<h1>Patient Zero</h1>
Wences Casares has been called the “patient zero” of Bitcoin collecting among Silicon Valley’s elite. He got Bill Gates (creator of Microsoft), Reid Hoffman (creator of Linkedin), and countless others into Bitcoin.
The Argentina-born Casares has founded an internet service provider, a video game company, and a bank, plus he sits on the board of PayPal. But it’s Bitcoin that Casares says he’s dedicating the rest of his life to, and he now runs a startup that stores bitcoin. At a dinner organized by the cryptocurrency policy group Coin Center in New York, Casares delivered the keynote speech, including the advice he doles out to people who ask him how to get into Bitcoin.
Casares advises to take 1% or less of what you own, buy bitcoin with it, and then forget about it for at least the next five years; ideally the next decade. “<em><strong>You either lose one percent of your net worth, which most people can take, or you make millions</strong></em>,” he told a room of cryptocurrency advocates at the Westin in Times Square.
Casares pegs the odds of Bitcoin failing completely and going to zero dollars at 20%. “If it fails, it will be worthless,” he says. “If it succeeds, in five to seven years it [one Bitcoin] will be worth more than a million dollars.” He puts the chances of success at greater than 50%.
Casares says he’s seen people who bought bitcoin at cheap prices—as low as $13—lose out because they tried to trade their way to profits, while those who bought at high prices have done “spectacularly well” by simply buying and holding.
<h1 dir="ltr">Become a Millionaire in 5 years with Bitcoin</h1>
The take away from Casares and from the millionaire examples above is to starting accumulating Bitcoin and hold them for the long run. It is not too late to invest, simply accumulate what you can and keep it for the next 5 years. The more you can accumulate, the faster you can become a millionaire.
<img class="alignnone wp-image-453" src="http://cryptosrus.com/wp-content/uploads/2017/06/btcd.jpg" alt="Become a Millionaire in 5 years with Bitcoin - Cryptos R Us" width="996" height="529" />
With Bitcoin's price going up exponentially, a conservative estimate of Bitcoin's price is $100,000 for each coin within 5 years. That means all you need is to have 10 Bitcoins to be a millionaire. Remember this is a conservative estimate. If Bitcoin rises even faster say to $250,000 for each coin then all you need is 4 Bitcoins to become a millionaire.
Even though we can't predict the future, the moral here is that everyone should have some exposure to <a href="http://cryptosrus.com/ethereum-and-altcoins/">cryptocurrencies</a>, particularly Bitcoin. As the old saying goes, "luck favors the bold." No other investment such as 401k, stocks, real estate can net you such a massive fortune with such a small investment and time. And it doesn't matter if you are 12 years old or 80, it's never too early or late to start." |
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| title | "" |
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| body | "Seine [Fan-Seite](https://www.facebook.com/OliverJanich.de/) gibt es noch. Das hier schreibt er auf [oliverjanich.de](https://www.oliverjanich.de/gestapo-sperrt-mein-facebook-konto-komplett) dazu:
>Update: Man sieht mein Profil noch und meine Fanseite, aber ICH kann mich gar nicht mehr einloggen. Ich kann also nichts posten und nichts lesen. Offenbar auf unbestimmte Zeit. Ich gehe davon aus, dass das so bleibt, solange ich keinen Anwalt einschalte. Aber Freunde können in meinem Namen auf der Fanseite posten, also diese unbedingt liken! Dort habe ich erst etwa 6000 Follower. Käme ich dort auch auf etwa 50000 könnten wir Facebook ein Schnippchen schlagen.
Die Reichweite hier ist natürlich ein Witz, aber ich denke es könnte damit zusammenhängen, daß alle sagen "Ich wechsle nur, wenn alle anderen auch wechseln." So wird das aber nichts." |
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| body | "Hi !
This is an automatic message.
According to SteemData, you have now used #introduceyourself 5 times.
#
You might not be aware of this, but #introduceyourself is mainly used by new accounts, to introduce themselves _once_. Please consider other, appropriate tags." |
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| parent_permlink | memechallenge |
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| author | arkadiy |
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| permlink | meme-challenge-23-entry-1 |
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| title | "Meme challenge #23 - Entry #1" |
|---|
| body | "<center></center>
---
<center>**BitShares: arkadiy-deliev
Ethereum: 0xC2CB3D4e8bCA9D216e860605A4409263C916a00**</center>
[](https://changelly.com?ref_id=6cced04caeda)
[Exchange cryptocurrency at the best rate](https://changelly.com?ref_id=6cced04caeda)
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[Receive a 3% discount on Genesis Mining using the code](https://www.genesis-mining.com) NlsMUS
<center><h1>Feel free to upvote, resteem, comment and follow!</h1>
https://media.giphy.com/media/jzgVQdCMpETsc/giphy.gif
http://en.bloggif.com/tmp/f3ba563018208ac972c7f938790ba440/text.gif?1498130997
https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://dl.dropboxusercontent.com/u/84666869/steem/steemitmeanit_ccbysa.png</center>" |
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| json_metadata | {"tags":["memechallenge","the50","teamaustralia","australia","funny"],"image":["https://steemitimages.com/DQmUe6hQCk4HSEt2im48mpoJoAVMjthvkX7TMQsz5Q6z8Cb/1rtp2l.jpg","https://steemitimages.com/DQmShJQ7JwGyyfbXRjMosAfCR4seditpF2LL4byRGQRu3Bh/image.png","https://steemitimages.com/DQmaW7cPHXQxe63hsCFEiqUrySQZz73DhgzBJD8JbpKGnVy/image.png","https://media.giphy.com/media/jzgVQdCMpETsc/giphy.gif","http://en.bloggif.com/tmp/f3ba563018208ac972c7f938790ba440/text.gif?1498130997","https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://dl.dropboxusercontent.com/u/84666869/steem/steemitmeanit_ccbysa.png"],"links":["https://changelly.com?ref_id=6cced04caeda","https://minergate.com/a/79dde2b0cdd1f46b26a5a9f8","https://www.coinbase.com/join/57922157caa7676bb1d31710","https://www.genesis-mining.com"],"app":"steemit/0.1","format":"markdown"} |
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| permlink | meme-challenge-23-entry-1 |
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| author | allowweb.com |
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| permlink | how-to-mine-steem-on-windows-quick-guide |
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| title | "How to Mine Steem on Windows (Quick Guide)" |
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| body | "<html>
<p> Steem is a blockchain-based social media platform where anyone can earn rewards by contributing quality content and rating content published by others. <strong>You can also mine it using a dedicated CPU miner</strong> if you have some spare power that you want to dedicate to supporting the network. The information regarding Steem is still highly fragmented and you need to spend quite a lot of time figuring things out even though they do not seem to be that complicated. We have spent some time trying to get things working and we have managed to successfully start mining Steem, so we have prepared a short guide to help you get started mining on Windows. </p>
<p><br>
</p>
<p> – Start by downloading the latest <a href="https://github.com/btscube/steem/releases/">Steem Windows Wallet and Miner for Windows</a> </p>
<p>– The miner binary is compiled for 64-bit Windows, so it will not work on 32-bit ones </p>
<p>– Extract the <strong>steem-win-x64-012-2.zip</strong> archive to a folder on your computer and run <strong>steemd.exe</strong> </p>
<p>– The first time you run the Steem Daemon executable it will create a <strong>witness_node_data_dir</strong> directory and inside will generate some additional files and folders.<br>
</p>
<p></p>
<p> – Go inside the <strong>witness_node_data_dir</strong> folder and open the <strong>config.ini</strong> file with Notepad or another text editor </p>
<p>– Start by adding a few steem nodes to connect to, just paste the following list under <strong>P2P nodes to connect to on startup</strong>: </p>
<p> seed-node = 52.38.66.234:2001 </p>
<p>seed-node = 52.37.169.52:2001 </p>
<p>seed-node = 52.26.78.244:2001 </p>
<p>seed-node = 192.99.4.226:2001 </p>
<p>seed-node = 46.252.27.1:1337</p>
<p>seed-node = 81.89.101.133:2001 </p>
<p>seed-node = 52.4.250.181:39705 </p>
<p>seed-node = steemd.pharesim.me:2001 </p>
<p>seed-node = seed.steemed.net:2001 </p>
<p>seed-node = steem.clawmap.com:2001 </p>
<p>seed-node = seed.steemwitness.com:2001 </p>
<p>seed-node = steem-seed1.abit-more.com:2001 </p>
<p> – Under the <strong>name of witness</strong> add your steemit.com username (you need to register prior to start mining), so make sure it is something like: <code><strong>witness = "myusername"</strong></code></p>
<p>– Under the <strong>name of miner and its private key</strong> add your steemit.com username and private key, so make sure it is something like: <code><strong>miner = ["myusername","yourWIFprivatekeyhere"]</strong></code></p>
<p>– When setting different parameters in the ini file make sure you don’t leave the <strong>#</strong> sign in front of the line as it essentially comments it out and the miner behaves as this parameter is not set, so you can get an error that a witness or miner is not set!– If you are not sure where to get the private key, then just login to your steemit.com account, go to your <strong>Profile</strong> and then to the <strong>Permissions</strong> tab. Here you need to click on <strong>Show the private key</strong> for <strong>Active</strong> (you may need to relogin first). Do note that the key shown by default is the public key, you need to show the private key and use the private key in the config! Alternatively you can use the Owner private key, this is also your login password, but due to security reasons you better stick with the Active key.</p>
<p>– Under the <strong>Number of threads to use</strong> add <strong>mining-threads = 1</strong> or higher number, depending on how much of your CPU you want to utilize for mining, more threads result in higher hashrate </p>
<p></p>
<p><br></p>
<p> – You are now ready to start mining, just run <strong>steemd.exe</strong> again and wait for the blockchain to synchronize, it could take something like 15-30 minutes or more (depending on your internet connection) </p>
<p>– The steem blockchain is over 3.5 million block already, but the size is not that huge yet, it is around 3.3 GB in size, so you will need more than that free space available </p>
<p>– In our tests with an Intel Core i7 5820K CPU (6 cores, 12 threads) running at 12 threads configured in the ini file we are getting about 44390 HPS (hashes per second) as a hashrate or around 31-33 KHS with just 6 active threads </p>
<p>– Do note that the mining apparently requires a lot of RAM, we get about 3GB used for 6 threads and about 5GB used for 12 threads for mining, so make sure you have enough RAM in your computer (8GB or more is recommended) </p>
<p>– All you have to do now is to wait for your miner to first find a POW block and then put you in the <a href="https://steemd.com/witnesses">Miner-witness queue</a> until your turn comes in to confirm a block in order to get your reward transferred to your steemit.com account.</p>
</html>" |
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| weight | 10,000 |
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| expiration | 2017-07-01 13:51:30 |
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| operations | | 0. | | 0. | comment |
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| 1. | | parent_author | cryptomining |
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| parent_permlink | steemit-review-30-days-on-steemit-2017 |
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| author | moisesmcardona |
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| permlink | re-steemit-review-30-days-on-steemit-2017-20170701t135100 |
|---|
| title | "" |
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| body | "Welcome to Steemit, @cryptomining!
Hope you enjoy being here!
This message was written by my `introduceyourself` bot, but I'm a real user :)
Shall you have any questions, feel free to reply to me. I'll gladly answer your questions :)" |
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hiveblocks