I had a dream tonight that bitcoin jumped to $50,000 / btc

Arock

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Quote

As far as I read about bitcoins now it's a hell to exchange them for real money. So if this doesn't get better people will leave Bitcoin eventually. If you got like 10.000 coins, but you can't change them anywhere. What is it worth?

There are plenty of great merchants to spend bitcoin on and live comfortably. On the Max Keiser show recently a guy was telling his story of his wife and him experimenting with ONLY using Bitcoin to live and they did rather well in their home town - and even traveled around.

http://rt.com/shows/keiser-report/episode-526-max-keiser-025/

(Good episode about Bitcoin and Litecoin) ^

emilia79

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It's like usual trading.

The psychological level was at 1000$; here we are! sustainable for a lot of people.

next are: 1000€, and then 10000 yuans : ok.

But 10000 $ is a huge sum for anybody, so don't plan on it really soon. People can "easily" spend 1000$ (a big TV) , but 10000 $ (a car) is another thing !

LiteCoinGuy

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Quote from: Dafar on November 30, 2013, 12:40:54 PM

Quote from: LiteCoinGuy on November 30, 2013, 12:30:58 PM

What is rich?

Having financial freedom where I can just retire if I want to and not worry about being a slave working. To me that's at having at least $10million usd in today's value.

50k/btc would make me $500k, it's not $10mil but good enough for me right now

10 mio? buddy you can have a good life without work for about 500k if you do it right.

techstorm2

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Quote from: LiteCoinGuy on November 30, 2013, 12:21:21 PM

And you woke up and the price was ""just"" 1100 USD Grin

.... The most people dreamed
about -that- price some month ago Wink

I had a dream the other day that the price was 1200. Omg it is. Im going back to sleep till it gets to 50k.

Nite nite. Grin

Cubic Earth

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It might depend on where you live. If you are in the usa, Coinbase makes it incredibly easy. Just link them up to your bank account. You can sell 50 btc per day through them and they will put the funds into your bank account in a day or three. At current bitcoin prices, that's over $350,000 per week. There is also localbitcoins, which is all over the world. You have to send a few emails and coordinate with someone to meet them, but I wouldn't consider that 'hell'. Not as easy as getting fiat, not yet, but the situation not bad at all and getting better every week.

XBBlade

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As far as I read about bitcoins now it's a hell to exchange them for real money. So if this doesn't get better people will leave Bitcoin eventually. If you got like 10.000 coins, but you can't change them anywhere. What is it worth?

Cubic Earth

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Quote from: Dafar on November 30, 2013, 12:40:54 PM

Quote from: LiteCoinGuy on November 30, 2013, 12:30:58 PM

What is rich?

Having financial freedom where I can just retire if I want to and not worry about being a slave working. To me that's at having at least $10million usd in today's value.

50k/btc would make me $500k, it's not $10mil but good enough for me right now

If you are in you 20's or 30's and have $500k in liquid assets and no debt, that is excellent financial security, at least in the US. If your smart and frugal, you should be able to avoid money problems. It would most certainly be enough to free you from being a working slave. I'm not saying you wouldn't ever have to work again, but there are a lot of awesome jobs out there, especially seasonal stuff, like working in a national park or being a sailing instructor. You could just earn a little here and a little there while you $500k grows and compounds.

Owning boats, a fancy Manhattan apartment, five star dinners every night, well yeah, that kind of lifestyle is going to take incredible amounts of resources to support.

My main financial objective is to maximize my freedom and security. For me that means a simple life style, at least with respect to consumption, and big amounts of money / other financial resources. In essence, living as far below my means as possible.

Dafar

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Quote from: PenAndPaper on November 30, 2013, 12:44:18 PM

Quote from: Dafar on November 30, 2013, 12:40:54 PM

Quote from: LiteCoinGuy on November 30, 2013, 12:30:58 PM

What is rich?

Having financial freedom where I can just retire if I want to and not worry about being a slave working. To me that's at having at least $10million usd in today's value.

50k/btc would make me $500k, it's not $10mil but good enough for me right now

500k $ is my thresshold for being "rich" as well but you are not that rich that you don't have to care about nothing.
With 1m$ though you are on a completely different level.

I didn't say $500k was that level, I don't even think $1mil today is all that either... you need at least $10mil to retire

PenAndPaper

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Quote from: Dafar on November 30, 2013, 12:40:54 PM

Quote from: LiteCoinGuy on November 30, 2013, 12:30:58 PM

What is rich?

Having financial freedom where I can just retire if I want to and not worry about being a slave working. To me that's at having at least $10million usd in today's value.

50k/btc would make me $500k, it's not $10mil but good enough for me right now

500k $ is my thresshold for being "rich" as well but you are not that rich that you don't have to care about nothing.
With 1m$ though you are on a completely different level.

Dafar

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Quote from: LiteCoinGuy on November 30, 2013, 12:30:58 PM

What is rich?

Having financial freedom where I can just retire if I want to and not worry about being a slave working. To me that's at having at least $10million usd in today's value.

50k/btc would make me $500k, it's not $10mil but good enough for me right now

LiteCoinGuy

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In Satoshi I Trust

What is rich?

PenAndPaper

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I 'm feeling kinda depressed after reading this thread.
Even if BTC hits 50.000$ i will not be rich Cry

LiteCoinGuy

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In Satoshi I Trust

And you woke up and the price was ""just"" 1100 USD Grin

.... The most people dreamed
about -that- price some month ago Wink

rarkenin

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It will be your turn when BTC reaches $50000, naturally.

Minecache

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Vave.com - Crypto Casino

I fear you are all erotically fantasising.

JohnsonX

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it will happen in a few years. alts will grow too.

Seccour

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Quote from: Dafar on November 30, 2013, 09:22:29 AM

I remember my friend telling me dude have you checked the price today! You are rich! And I was sooo happy and I was like HELL YES, FINALLY, I can quit my job and be free! And then I woke up Sad

When will it be my turn in real life? Sad

It's my dream too :p

But it will not be in a night :/

Dafar

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I remember my friend telling me dude have you checked the price today! You are rich! And I was sooo happy and I was like HELL YES, FINALLY, I can quit my job and be free! And then I woke up Sad

When will it be my turn in real life? Sad

Topic: I had a dream tonight that bitcoin jumped to $50,000 / btc (Read 2078 times)