Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 154. (Read 631983 times)
Bitcoin goes to Wall street, new etf will born and we will be all rich !
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck.
Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others.
Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such.
Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... ....
An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death.
Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month.
I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered.
Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings.
My only investments into BTC have been directly into the currency. Surely, there may be ways to multiply your possibilities for growth (and risk) by involving yourself in BTC infrastructure investments. So far, I am NOT looking at or thinking about any of those kinds of BTC infrastructure investments.
I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees.
Surely, my average investment price per BTC could have been lower than $614 (and at one point, in late May 2014 my average price per BTC was $595), but it could have been higher, as well, but I have been doing my best under the circumstances (especially b/c some of my fiat for the investment in BTC became available ONLY recently). Also over the last several months, some of the timing of my BTC purchases had coincided with my receipt of fiat, the availability of fiat, or my allocation of fiat that I could spend for that time period.
Hopefully, my response addresses your question.
It did. I appreciate you taking time to respond. I am sort of a scrounger with bit coin so my dollar costs are quite low for sure. I hit the faucets hard at first then found a set of old asic rev2 blades at a garage sale for less than 50 bucks. My purchases have usually been to replace bit coin I have spent to support merchants but once my mortgage closes next month I will be buying a regular amount each month. I keep hoping that the price doesn't go up too much before then. It took real will power to leave my savings alone when the price got so low in April.
Ron:
We may be considering some of this similarly, yet of course the life circumstances of people differ, and even sometimes our ability to have enough time to research and to feel comfortable with our investment choice(s) differ.
I claim to attempt to keep my investments somewhat diversified to my needs, preferences and risk tolerances. These factors evolve somewhat slowly over time, yet at any snapshot in time, I would assert that diversification has been one of my goals.
My initial involvement into BTC investing trickled, and some of that had to do with my scepticisms concerning the direction of the price at the time that I started; however, in the last seven months the amount of my investment and stake into bitcoin has increased from a fraction of 1% of my total invested quasi-liquid assets to nearly 7% of my total quasi-liquid assets. In the past few months, 100% of my newly available and disposable investment money has been going into bitcoin. By the end of the year, I expect that bitcoin will become about 10-15% of my total quasi-liquid investments. And, if bitcoin appreciates considerably, I will consider allowing bitcoin to become well more than 50% of my total quasi-liquid investments.
I expect the percentage of my investment into bitcoin to continue to fluctuate based on my monitoring and reassessing the whole investment landscape and how I feel that bitcoin and my involvement fits into that. .. though at the moment, I am thinking that I want to be diversified somewhat out of the dollar (and dollar related products), and achieving a portfolio that is 50% out of the dollar may be an o.k. level of diversification for me and my feelings.
Boom! Bitcoin goes to Wall Street.
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck.
Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others.
Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such.
Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... ....
An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death.
Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month.
I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered.
Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings.
My only investments into BTC have been directly into the currency. Surely, there may be ways to multiply your possibilities for growth (and risk) by involving yourself in BTC infrastructure investments. So far, I am NOT looking at or thinking about any of those kinds of BTC infrastructure investments.
I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees.
Surely, my average investment price per BTC could have been lower than $614 (and at one point, in late May 2014 my average price per BTC was $595), but it could have been higher, as well, but I have been doing my best under the circumstances (especially b/c some of my fiat for the investment in BTC became available ONLY recently). Also over the last several months, some of the timing of my BTC purchases had coincided with my receipt of fiat, the availability of fiat, or my allocation of fiat that I could spend for that time period.
Hopefully, my response addresses your question.
It did. I appreciate you taking time to respond. I am sort of a scrounger with bit coin so my dollar costs are quite low for sure. I hit the faucets hard at first then found a set of old asic rev2 blades at a garage sale for less than 50 bucks. My purchases have usually been to replace bit coin I have spent to support merchants but once my mortgage closes next month I will be buying a regular amount each month. I keep hoping that the price doesn't go up too much before then. It took real will power to leave my savings alone when the price got so low in April.
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck.
Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others.
Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such.
Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... ....
An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death.
Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month.
I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered.
Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings.
My only investments into BTC have been directly into the currency. Surely, there may be ways to multiply your possibilities for growth (and risk) by involving yourself in BTC infrastructure investments. So far, I am NOT looking at or thinking about any of those kinds of BTC infrastructure investments.
I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees.
Surely, my average investment price per BTC could have been lower than $614 (and at one point, in late May 2014 my average price per BTC was $595), but it could have been higher, as well, but I have been doing my best under the circumstances (especially b/c some of my fiat for the investment in BTC became available ONLY recently). Also over the last several months, some of the timing of my BTC purchases had coincided with my receipt of fiat, the availability of fiat, or my allocation of fiat that I could spend for that time period.
Hopefully, my response addresses your question.
I will not get tired of saying it, if Bitcoin value drops or get skyrocket, maybe we are very very rich or not, but the truly important thing is
that as all the new creations, the Bitcoin will cause the entire humanity to evolve and make our lifes easier, as the recent social Networks
and a endless quantity of inventions
that as all the new creations, the Bitcoin will cause the entire humanity to evolve and make our lifes easier, as the recent social Networks
and a endless quantity of inventions
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck.
Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others.
Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such.
Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... ....
An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death.
Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month.
I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered.
Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings.
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck.
Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others.
Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such.
Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... ....
An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death.
Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month.
I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered.
Can't believe I read through the whole thread but it was quite entertaining and informative, I currently only have 0.02 Bitcoin but I'm looking to dump whatever I have right now into buying as much Bitcoin as possible (only a student at the moment so it won't amount for very much 
). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!
- from one future wealthy elite to another
). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!- from one future wealthy elite to another
Yeah... great... let us know how your investment goes.
I think that 10 BTC would be a good aspiration amount at today's prices and depending how many financial resources you can assemble, but I also recall my student days, and I recall that during those days I did NOT have too much spare cash at my disposal. It's kind of hard to suggest that you leverage in any way, even though it sounds like you plan to leverage. For example, you could leverage a student loan, and expect to pay it back over the course of paying it back over 30 years... ... yet, to each his own about what risks he believe to be manageable and acceptable.
Can't believe I read through the whole thread but it was quite entertaining and informative, I currently only have 0.02 Bitcoin but I'm looking to dump whatever I have right now into buying as much Bitcoin as possible (only a student at the moment so it won't amount for very much ). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!
- from one future wealthy elite to another
). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!- from one future wealthy elite to another
I also regret not looking into bitcoin when it was but a murmur. If I did, I don't know what would have happened to me by now.
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
You need at least 10 BTC to be invited on Satoshi's spaceship when he returns.
legendary
Activity: 1302
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Core dev leaves me neg feedback #abuse #political
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation.
Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Can't believe I read through the whole thread but it was quite entertaining and informative, I currently only have 0.02 Bitcoin but I'm looking to dump whatever I have right now into buying as much Bitcoin as possible (only a student at the moment so it won't amount for very much ). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!
- from one future wealthy elite to another
). I regret not looking into Bitcoin when I heard murmurs about it a couple of years back but oh well, I believe we're still heading full speed ahead and its better late than never!- from one future wealthy elite to another
just want to mark !!, hope we all can get rich after 2 years. 2 yearl later when bitcoin is 100000 per B ,i will be back..
Real value/wealth will come from gains in BTC/Gold, since $1,000,000/BTC will not matter if the Dollar is totally toilet paper.
Or, you could use another currency for exchange, like the Zimbabweans did.
There are other countries than the US you know.
Yes there are other countries and other currencies besides the US of A, but the point is that the US dollar is and has been the international reserve currency for several decades, and that is why the US dollar was mentioned in the earlier posts as the comparison point, rather than some other currency.
I believe that the other point that is being batted around here in these series of recent posts is that if BTC holds value over time and it is truly deflationary over time, then BTC is going to need some tangible measuring points besides being compared with inflationary fiat currencies. As others have inferred, using a basket of goods and services may be a better measure of value over time - though in the immediate future, it seems that we are going to continue to make comparisons to various fiat - even while those various fiat currencies are losing their value at a very rapid rate that is difficult to measure... but may likely become more apparent when it comes to play out that the $80 billion printed every month for years and years is coming home to roost... and when banks stop sitting on those dollars that are piling up in their warehouses.
Yep. $600 is a joke compared to whats coming in the next 5 years.
-B-
-B-
I am pretty certain if I would have read this post like 3 years ago I would be in my own Yacht & would have own my Island by own!
So make sure you take action now, or you're going to fess up the same thing in 3 years.
Wealthy elite? huh 
there is a long long way to being a wealthy elite and im not even in the middle of it.
there is a long long way to being a wealthy elite and im not even in the middle of it.Get started now
It only takes a decade or two to change from financial despair to financially confortable
Only thing we should compare BTC to is something we all need and can not do without. Like food or water or something like that. How much, for example, bread can you buy with 1 BTC. Everything else, dollars, euros, gold, silver mean nothing and change all the time.
I know that it's higly inpractical to compare BTC to bread or milk, but if it could be done in some easy way, it would be information that we all need: "how much is BTC really worth in certain point of time".
I know that it's higly inpractical to compare BTC to bread or milk, but if it could be done in some easy way, it would be information that we all need: "how much is BTC really worth in certain point of time".
just want to mark !!, hope we all can get rich after 2 years. 2 yearl later when bitcoin is 100000 per B ,i will be back..
Real value/wealth will come from gains in BTC/Gold, since $1,000,000/BTC will not matter if the Dollar is totally toilet paper.
At least you would have preserved your purchasing power by getting Gold/BTC but you can bet you would have make a profit in real terms as well
I would argue that gold as a preservation of purchasing power has now become a rather dubious proposition at best. Bitcoin will reduce the value of gold to its ACTUAL USE VALUE.
Bitcoin is both digital cash AND digital gold, at the same time. It is cheaper and more secure to store than gold. Highly divisible. Any amount can be shipped to anywhere in the world, instantly, virtually for free.
Money is everything in our society. Bitcoin fundamentally restructures money. This changes absolutely everything. The consequences for our world will be tremendously, unimaginably far-reaching. This is a revolution.
Compare the exchange fees of Coinbase and Paypal and you will see what I mean. It's like comparing Blockbuster to Netflix - the former has no chance to compete in an open market - none.
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