Topic: I own BTC and part of me doesn't want it to reach $10,000 because (Read 4453 times)

Trust me, once you're there, you will be working to keep it and acquire more. Also, money won't change you or your life as much as you think. It is certainly an "enabler" though.

You will most certainly continue browsing this forum.

I would agree with this. If managed properly, and not just seen as 10 years of $100,000 p.a. - then it could set you up for life and you'd end up with more than the million you started with.
What about starting a small (but ambitious) buisness. What about investing some of that into property, to give guarenteed lasting returns? There are many approaches you could take. But to think that people would just deposit $1M in the bank account, and then draw it down until it was all gone without using it to better themselves in some way is misplaced i think.

Yeah right.. the net worth of the average person in those areas is nowhere near 1 million. Also, almost all major cities in the world have dirt cheap areas, even in the West. So, you would still be richer than the vast majority, especially since wealth inequality has been growing for decades.
With 1 million US you have a nice capital base to start a company or invest in innovative companies and grow it even more. I would advise lucky early adopters to cash out their original btc portfolio around 1 million USD and not be greedy and wait for the music to stop playing or let bitcoin's volatility detriment your well-being.  

Then move ten miles out of town and live a better life.

1 million dollars is an exceptionally sweet cushion in the firstest of first world countries. You'd be leagues ahead of 95% of the population. Most people I know in the UK would be on the street within 1-4 weeks of their wage or benefits being cut off.

Elsewhere in the world that's the type of figure that could set up generations for comfortable lives. It's an amount of money that deserves a little more respect even when it's being inflated into oblivion.

$1 million USD won't go very far in Sydney or Vancouver or Whistler or Shanghai or Singapore or ...

becoming a bitcoin millionaire, even a multi millionaire is nothing to be ashamed of.  the 85 richest poeple own as much as the 3.5 billion poorest. compared to wealth like this, a few millions is less than nothing.

i grew up in very poor conditions. there were times in my life when (lack of) money was a severe and really depressing problem. if you never experienced being hungry but have no money to buy food, you weren´t there. if you never experienced not being able to pay the rent for the little flat you live with your wife and kid(s), you weren´t there.  

when november 2013 happened becoming "rich" was suddenly not completly out of reach forever anymore. there were moments when i questioned how/if i would have deserved this unexpected wealth. poverty is not just poverty. it is brainwashing also.

wow. first post you did that i can agree to. it always pays out to not give up 

Also, it's the thrill of the ride which makes Bitcoin very attractive; not only financial gains...

I know it's already been said but just wanted to throw it out there one last time.

So, if you are the type that believes in Bitcoins and Holds instead of trying to play the market, you are better off selling it in person/craigslist/localbitcoins to avoid the taxes.

However, if you are the type that buys low, sells high, plays the market, buys back in etc., then yeah keep buying and selling on the exchange.

If you bought a Bitcoin for example at $10 and it is now $10,000 and you don't play the market. IF you wanna save money, sell that $10,000 bitcoin slowly in real life to people. Don't sell on the exchange.

don't laugh your ass off just yet

http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.html

pretty sure that's exactly what these guys are doing. mine bitcoin and sell it on the streets.

ok guys im not depressed anymore if bitcoin hits 10k

i found a job i will be able to do full time once bitcoin hits 10k

since the best option to cash out without paying taxes is to sell it in person without an electronic trail, then i guess the only way is to make it a full time job selling bitcoins locally on craigslist/localbitcoins for cash at small amounts lmao

imagine trying to turn your 10 million dollar bitcoins into physical cash without paying taxes. you would have to sell bitcoins in person via craigslist/localbitcoins probably for 2 years 24/7 ?? hahah
just a thought

Well exchanges are the only reason I have a btc "fortune" to begin with. Without trading, I would have 100x less coins than I have now.

In USA 50-60K salary is above average... no toilet cleaning boy gets this kind of money what country are you from?? Saving up $1M in capital is no easy task at all, most people even in America won't ever achieve that. Where do you live, Denmark?

And $1 million is not enough for a family w/ 2 kids? What... where are you getting these ideas from??



You have a million dollars worth of bitcoin?

I drove by 3 guys today putting up a Bitcoin Brains sign on 97th street in Edmonton today. Right by the Hope Mission and many other shelters and charities, soup lines etc... I wanted to pull over and ask them what the hell they were doing but there were no parking spots I drive all over the city for work, I will definitely drop by there soon.

When I got home I googled it and found this.

http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.html

Not a mention about the Edmonton shop, from the looks of it the one here is not open for business yet.

But what really struck me is that I'm glad the Edmonton one is in one of the most needy areas in town, (although it is pretty much Chinatown for us... maybe Chinese miners?) But I'd much rather see the store there than where that one is in Calgary (looks like a boutique type area, similar to Whyte Ave in Edmonton)

Can you imagine the press if you gave all those bums cellphones with wallets that people walking by could drop a few satoshis as they walk by?

Can you imagine the profits for this store when all those bums go to cash out?

Which leads me to...


The Reason I don't want bitcoin to reach $10,000.

I feel there is too much focus on the price, and how can we get rich - let's get in bed with the regulators and take this to the moon!.

Just listen to this Andreas guy, he's bringing up some points we should be paying more attention to.

http://www.youtube.com/watch?v=HYfY7n6sjS4    <-part 1

http://www.youtube.com/watch?v=5sSVVix1EgQ    <-part 2

I would love to see it crash like after the 30 dollar bubble, but I just can't see that happening at this point.

I am already there at $1K, and to OP, I did feel a little of that at first. What you realize is $$ isn't an end game. Sitting around with $$ will eat you away. So figure out what you want to do with it, what creative, productive pursuit or business, or venture. Then you will see your lifes work has only begun,

what exchange are  you going to trust when it comes time to cash out your "fortune " in btc ?

at the moment i wouldnt trust any of them with more than pocket change ,if a bitcoin ever reachs 1 mil $.......
would you still send it to a foreign exchange ?

If all it takes to win at life is make a little money with Bitcoin... I don't think we share the same concept of life.

yeah... you'll win at life if it reaches 10,000 each.

No questions asked.

If a person has 1 million dollars today, he should be able to invest that money well enough to ensure a steady stream of income, at least 50,000 dollars per year, to live comfortably, if not luxuriously, for the rest of his life.

op: when we get to $10k, you will celebrate for a couple of days, then you'll be back on here waiting for $100k. don't worry too much