I would cash out and turn into a hermit for a well for some introspection at the family cabin. Its just a little Aframe nothing fancy but the location is on a lake away from people. After that find somewhere warm and a bottle of scotch.
Topic: Bitcoin= 1M$ tomorrow. What you will do? - page 3. (Read 4852 times)
Your reaction?
That's mine:
1- Keep all copies of wallet continues on their own secure places.
2- Go to my bank and tell them I got more than 1 BTC and I want a new house at 50% of their value and a car for free of their stock (in my country there are a lot of them, people don't pay their credits
) for the transaction. If they're not agree, there are a lot of banks they will recieve me most greatefull...
3- Go to the same mall of ever with my only friend who got BTC to play bowling, drink Burn and play PumpItUp all night...
4- Tell him: 'Dude, we are millionaires... And that's all for you. Thank you".
That's mine:
1- Keep all copies of wallet continues on their own secure places.
2- Go to my bank and tell them I got more than 1 BTC and I want a new house at 50% of their value and a car for free of their stock (in my country there are a lot of them, people don't pay their credits
) for the transaction. If they're not agree, there are a lot of banks they will recieve me most greatefull...3- Go to the same mall of ever with my only friend who got BTC to play bowling, drink Burn and play PumpItUp all night...
4- Tell him: 'Dude, we are millionaires... And that's all for you. Thank you".
Bitcoin 1 M$ never happen ........ bitcoin introduced block chains to us not future money .... at future banks and financial offices will work on block chain for release another form of money ...... every begging has a end ... Bitcoin will end at 2030 forever .....
I would buy the Sacramento Kings.
You got a lot of BTC's in your stash OgNasty.
I'd probably buy a new Ferrari, make real estate investments, starting my own clothing brand and be a partner of a Vodka or Wine company.
if 1 btc price will become 1m usdollars tomorrow, i will cry and regret selling my btc yesterday , i don't have bitcoins left so it will be just a normal day for me 
I will buy a lot of Bitcoin.
(It is on the way to $1T)
(It is on the way to $1T)
I'll go for early retirement. Get myself a property away from the city with a nice garden and landscaping. Oh yeah with a gigantic pool. Also will travel around the world
I don't know why people are so enamored with retirement.
I think retirement in many minds here = doing what you actually want to do. I guess that'll stimulate your brain more than pressing buttons in a factory.
From the British Medical Jornal via webmd
http://www.webmd.com/healthy-aging/news/20051020/early-retirement-early-death
Quote
People who retire at 55 are 89% more likely to die in the 10 years after retirement than those who retire at 65.
and:http://www.medicaldaily.com/planning-retiring-early-consider-these-5-health-risks-first-247669
Quote
In a study conducted at the University of Zurich in Austria, researchers analyzed the link between early retirement and mortality in those who did blue collar work. The results of the study showed that men had an increased risk of premature death before age 67 when they opted to retire early.
I don't know why people are so enamored with retirement.
I think retirement in many minds here = doing what you actually want to do. I guess that'll stimulate your brain more than pressing buttons in a factory.
That
To me, lying down doing nothing isn't retirement
First, you will receive the questionnaire from financial regulators, you must provide the evidence of where did you get your bitcoins
Second, tax offices will remove 30% of that value if you ever want to cash out your coin to fiat money, so called capital gain. It even applies when you directly purchase assets with bitcoin: 30% of the value gain of bitcoin goes to tax office
Third, if many people is trying to cash out bitcoins to that large amount of fiat money, exchange must have that amount of cash, which they typically don't have. So as soon as large amount of cash out happens, it dropped back to $200
So, unless the finance infrastructure for bitcoin is fully mature around the world, a bitcoin worth $1M does not make any sense, because you are still heavily restricted by today's legacy financial and political structure
Second, tax offices will remove 30% of that value if you ever want to cash out your coin to fiat money, so called capital gain. It even applies when you directly purchase assets with bitcoin: 30% of the value gain of bitcoin goes to tax office
Third, if many people is trying to cash out bitcoins to that large amount of fiat money, exchange must have that amount of cash, which they typically don't have. So as soon as large amount of cash out happens, it dropped back to $200
So, unless the finance infrastructure for bitcoin is fully mature around the world, a bitcoin worth $1M does not make any sense, because you are still heavily restricted by today's legacy financial and political structure
I don't know why people are so enamored with retirement.
I think retirement in many minds here = doing what you actually want to do. I guess that'll stimulate your brain more than pressing buttons in a factory.
The cash out guys, are you aware that you would need to pay ridiculous amounts of taxes if you made millions out of nowhere? I haven't looked it up and I don't really wanna know, but I expect insane taxes on capital gains so you would need a couple Bitcoins to make 1 million dollars and in the future, 1 million dollars will buy you less than it does now too.
in that case, I'll buy bunch of stuff without cashing it out.
I'll even pay triple.
ohhhh.. the imagination.
Haha probably cash out most of it
and I'd just start my early retirement
and I'd just start my early retirement
I don't know why people are so enamored with retirement.
To me typical retirement=nothing much to do, you get bored and get early Alzheimer's from not exercising your brain much, plus your wife/gf is bored of seeing you around 24/7. People, especially men, seem to deteriorate pretty quickly once they move from work (active lifestyle) to retirement (not working).
If course, there are exceptions where you basically switch careers in retirement, but i wouldn't even call that true retirement.
Women seem to handle retirement better than men in any case.
Haha probably cash out most of it
and I'd just start my early retirement
and I'd just start my early retirement
I would behave to outside world like nothing happened, I believe it's the smartest thing you can do today.
As far as my funds go, I would sell it all on various exchanges and transferred to different account, and then take one year vacation to some tropical island.
By previous experience, by the time I would come back, I would probably be able to rebuy 70% cheaper and be a holder once again
As far as my funds go, I would sell it all on various exchanges and transferred to different account, and then take one year vacation to some tropical island.
By previous experience, by the time I would come back, I would probably be able to rebuy 70% cheaper and be a holder once again
The cash out guys, are you aware that you would need to pay ridiculous amounts of taxes if you made millions out of nowhere? I haven't looked it up and I don't really wanna know, but I expect insane taxes on capital gains so you would need a couple Bitcoins to make 1 million dollars and in the future, 1 million dollars will buy you less than it does now too.
i wouldnt do anything as i dont have any bitcoins though most probably i would buy bitcoins
we have a buyer at 1M/coin...nice
please post scenarios on how bitcoin can reach 1M from $240 in 24 hr (either from today to tomorrow or from any single day to the next day).
It should be a fun exercise.
My entry:
Aliens land on Earth, appear peaceful yet very advanced and declare that anyone can buy a procedure that gives you immortality, but there is a catch-you can only pay in one bitcoin and nothing else. Aliens post a very credible youtube video that explains it all. Video is watched by ~2-3 bil people in the first 24hr and bitcoin reaches $1M shortly thereafter.
Your entry?
What good would Bitcoin be on another planet? The blockchain is locked in our internet.
it's funny that the rest of the supposition is OK....it's a game to see how bitcoin could become worth 1M in 24hr.
Explanation: aliens want to promote social development on Earth, acquire a substantial % of the local economy and they want to have the local universal currency that they favor since it could be linked easier to their computers. It's not for them to use it on other planets.
i wouldnt do anything as i dont have any bitcoins though most probably i would buy bitcoins
we have a buyer at 1M/coin...nice
please post scenarios on how bitcoin can reach 1M from $240 in 24 hr (either from today to tomorrow or from any single day to the next day).
It should be a fun exercise.
My entry:
Aliens land on Earth, appear peaceful yet very advanced and declare that anyone can buy a procedure that gives you immortality, but there is a catch-you can only pay in one bitcoin and nothing else. Aliens post a very credible youtube video that explains it all. Video is watched by ~2-3 bil people in the first 24hr and bitcoin reaches $1M shortly thereafter.
Your entry?
What good would Bitcoin be on another planet? The blockchain is locked in our internet.
i wouldnt do anything as i dont have any bitcoins though most probably i would buy bitcoins
we have a buyer at 1M/coin...nice
please post scenarios on how bitcoin can reach 1M from $240 in 24 hr (either from today to tomorrow or from any single day to the next day).
It should be a fun exercise.
My entry:
Aliens land on Earth, appear peaceful yet very advanced and declare that anyone can buy a procedure that gives you immortality, but there is a catch-you can only pay in one bitcoin and nothing else. Aliens post a very credible youtube video that explains it all. Video is watched by ~2-3 bil people in the first 24hr and bitcoin reaches $1M shortly thereafter.
Your entry?
use a wheelbarrow to carry my $10,000 to the store to buy my loaf of bread. Only way it happens is USD Hyperinflation.
Well maybe overnight, but bitcoin could be worth a huge amount is say you could spend it everywhere you could use creditcards or paypal etc. Not sure that'll ever come but I'm hopefully for at least some sort of semi mainstream adoption.
i wouldnt do anything as i dont have any bitcoins though most probably i would buy bitcoins
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