In 20 years, what would you like to do with your bitcoin? - page 43.

Mastsetad

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Quote from: Sir_lagsalot on December 07, 2015, 03:45:03 AM

Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...

What would you do if:

Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?

Thanks for your opinions,

-Lags

Bitcoin hit $1,000,000: Sell all bitcoins i have, do the things i've always wanted to do and store 25% of the value gained by selling.
Bitcoin hit $1,000 again: Earn more and more by doing everything possible and store them and wait for the price to go higher.
Bitcoin stayed where it was: I don't think it could be, but if it does then just the same number 2, earn and store.
Bitcoin became worthless, or a few cents: Move towards something else.
And which of these do you think is most probable? Number 2 I guess.

Kalder

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I treat the bitcoin as a kind of currency. So I like to use it in any kind of purchase. and it can be used in the whole world.

DeathAngel

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In 20 years with the small stash I have maybe I could buy a house or at least be able to pay some debts or my mortgage off.

NordicRanger

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I hope that the bitcoin will be worth much money so I can live a good life and can leave some for my children. But I am not sure if that will happen I will just have to wait it out.

arwin100

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Quote from: Superways on April 07, 2016, 09:57:22 PM

I think after 20 years the digital world would have shifted to the bitcoin, and everyone will prefer bitcoin for their transactions, the btcoin will have achieved a good stability and the fluctuation will be much lower and will act the same as the dollar, and it will have reached to about $1000 or $2000

Yes 20 years is to much far but if my bitcoin will reach for that i think i will cashout them because for that years past im surely earn and get much profit by price increase of bitcoin. I will go to bank and do a happy cash out and i will spend it on shopping and having a nice vacation and the monet left i will surely stake again in bitcoin to earn again.

bankingbtc

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Quote from: Sir_lagsalot on December 07, 2015, 03:45:03 AM

Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...

What would you do if:

Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?

Thanks for your opinions,

-Lags

after 20 years i think that bitcoin will be worth 7000$ or even more and it will be very popular so price will be high too, and once price will go to 5000$ i will probably spend them by buying something or just sell them for fiat, i might do a mistake then but better to be safe and get profit than wait more and risk

PakistanHockeyfan

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I'd like to actually be able to purchase more things online and never have to use my PayPal to pay for things anymore. I feel more comfortable with a cryptocurrency like Bitcoin protecting our personal data, and protection our privacy. It wouldn't also hurt to one day buy a house with Bitcoin.

lumeire

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Quote from: tiggytomb on April 08, 2016, 12:48:05 PM

I thinks it's most probable that bitcoin will reach the $1,000 mark again, what would I do? that would all depend on how much bitcoin I manage to save in 20 years, I would probably sell some but not all as I would need to keep some for my retirement if I get that old.

$1000 in 20 years is a bit low, that is if all goes well. We know everything is possible in this industry, in fact in 20 years bitcoin might have been replaced already. No one knows.

As for me if bitcoin is still here and valued a lot more than what it is today, I'd probably by myself a beach house. Grin

blackmachinegun

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Quote from: tiggytomb on April 08, 2016, 12:48:05 PM

I thinks it's most probable that bitcoin will reach the $1,000 mark again, what would I do? that would all depend on how much bitcoin I manage to save in 20 years, I would probably sell some but not all as I would need to keep some for my retirement if I get that old.

if you have a $ 1,000 price expectations in the 20 years to come. it will allow you to have a target.
how much money you need for retirement dude ? if you want to get $ 100k.
Surely you must have 100 BTC only in 20 years.

setupbounds

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Quote from: jod_doj on April 08, 2016, 02:29:59 PM

in 20 years i would like to have a lot of bitcoins and i wouldnt like to work at all, i hope that i will have enough bitcoins to become a rich person in 20 years from bitcoin price growths

though this might never happen so im buying my bitcoins right now in order to make as much money out of it as possible because the price might not gro too significantly

That's true..Better have your business than work with a horrible boss..Besides after 20 years if you already have a family you will start to think of getting more and more money for them.. so better save and run a business..

20 Years is a way too ahead to think about.

Maybe bitcoin by that time has given birth to some other great digital currency which is accepted in the whole universe and may in all the planets and the moon. It all depends where the technology stands by that time and i think bitcoin will be moving along with the technology and which FIAT cant.

jod_doj

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in 20 years i would like to have a lot of bitcoins and i wouldnt like to work at all, i hope that i will have enough bitcoins to become a rich person in 20 years from bitcoin price growths

though this might never happen so im buying my bitcoins right now in order to make as much money out of it as possible because the price might not gro too significantly

SquallLeonhart

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Quote from: avw1982 on April 08, 2016, 12:56:24 PM

Quote from: tiggytomb on April 08, 2016, 12:48:05 PM

I thinks it's most probable that bitcoin will reach the $1,000 mark again, what would I do? that would all depend on how much bitcoin I manage to save in 20 years, I would probably sell some but not all as I would need to keep some for my retirement if I get that old.

I don't know what price we will have in 2017, and what halving will influence bitcoin economy to begin with.
As far as I can tell harmful government regulations can detroy bitcoin even before it will reach full potential.

Yes that is an major issue that Government will never support bitcoin, and if Government starts supporting it bitcoin will become centralized currency which will result in loosing its users.

avw1982

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Quote from: tiggytomb on April 08, 2016, 12:48:05 PM

I thinks it's most probable that bitcoin will reach the $1,000 mark again, what would I do? that would all depend on how much bitcoin I manage to save in 20 years, I would probably sell some but not all as I would need to keep some for my retirement if I get that old.

I don't know what price we will have in 2017, and what halving will influence bitcoin economy to begin with.
As far as I can tell harmful government regulations can detroy bitcoin even before it will reach full potential.

tiggytomb

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I thinks it's most probable that bitcoin will reach the $1,000 mark again, what would I do? that would all depend on how much bitcoin I manage to save in 20 years, I would probably sell some but not all as I would need to keep some for my retirement if I get that old.

Vaskiy

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Quote from: diegz on April 08, 2016, 05:28:52 AM

Quote from: crairezx20 on April 08, 2016, 12:10:01 AM

In 20 years i think if i have lots of bitcoin save in my wallet now until 20 years.. i will start a big business online or i am planning to start a passive income online or associate with any banks here in my country..

Well that's the right thing to do after 20 years, to run a business..It's hard to work forever in a company with a horrible boss..After 20 years maybe you are in a retiring age that time and most probably your business plan would actually work because your focus is already there..

Well said, continuously working for a boss is really a hard thing. At least to escape from that I want to collect more bitcoin and get engaged with a small business.

Boosterious

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Quote from: secone on April 08, 2016, 12:13:03 AM

if i can save 0.5btc/permonth i will have 120btc Shocked

i will be richman if BTC hit $100.000 in future

oke let's earning and keep holding it Cheesy

that's nice dream Grin

everybody should have a dream,and i'm also hope your dream will be relize Cheesy

in 20 years,my age has 43,i'm not too old Grin

but i think i will spent my bitcoin,and then safe some bitcoins in my wallet.

jacktheking

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What will I do when ...

Bitcoin hit $1,000,000: I do not think I will have one whole Bitcoin or more if Bitcoin reached 1 000 000 USD. Well ... I would have buy things online or invested it at business when Bitcoin grow to ... maybe 100 000 per coin.
Bitcoin hit $1,000 again: I will hold onto my Bitcoin believing that Bitcoin will continue to grow.
Bitcoin stayed where it was: Continue to support Bitcoin and wish that Bitcoin will hit 1000 mark soon.
Bitcoin became worthless, or a few cents: Umm ... If signature campaign is still available, I will still participate as the USD rate will be roughly the same. All of my Bitcoin come from my time online - mostly signature campaign. So there is not much of a lost if Bitcoin become worthless.

I think the second option look realistic as I do not think Bitcoin will ever reach the 10 000 mark. I'd also like to see Bitcoin price stop at just four digits.

Superways

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If bitcoin touch $100,000 after 20 years then I will sell them and will buy a house with about 10 bitcoins, and will show to people that I have bought a luxurious house with only 10 bitcoins.

diegz

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Quote from: crairezx20 on April 08, 2016, 12:10:01 AM

In 20 years i think if i have lots of bitcoin save in my wallet now until 20 years.. i will start a big business online or i am planning to start a passive income online or associate with any banks here in my country..

Well that's the right thing to do after 20 years, to run a business..It's hard to work forever in a company with a horrible boss..After 20 years maybe you are in a retiring age that time and most probably your business plan would actually work because your focus is already there..

Lokfar

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Quote from: setupbounds on April 07, 2016, 01:33:29 PM

Quote from: asrilani on April 07, 2016, 11:21:15 AM

In 20 years, what I will do with the bitcoin is no different from now. I will still mine for bitcoin and use that.

Mining will be least profitable after 20 years. As the difficulty will increase too much, that the highly super computer wont be able to mine 1 BTC in one year.
The cost of electricity and the cost of hardware will make mining no profit. Trading with Alt coins could be the best option tough.

I am now saving some Bitcoins because I think that the value will be indeed higher later so I can sell it later with some good profit and that can be nice but it is hard to predict.
Nobody will know what the value will be after some 20 years so you should to take some risks if you are selling it earlier.

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