In 20 years, what would you like to do with your bitcoin? - page 55.

mirana12345

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Quote from: blackraven1425 on February 13, 2016, 11:52:55 AM

Personally I would keep on spending my bitcoins irrespective of the value that it holds, I mean just holding for 20 years would be a foolish thing to do, I would spend and buy again when the price is lower. It's not possible to be sure of anything.

That would work if you can predict price movements well enough not to lose in trend changes, and until the day price booms and leaves you behind, forcing
you to rebuy at a higher price. Been there , done that, made some profit all until price rose, so i guess it's all relative. Now i just store money, no more trading for me..

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Quote from: doctor877 on February 13, 2016, 03:03:07 PM

Quote from: vero on February 13, 2016, 01:17:58 PM

if Bitcoin hit $1,000,000: i will buy car,house, traveling to around the world for shopping and holiday.

Dreaming is good, but dreams should be logical and realistic, we all want that the price of bitcoin should be on top but we also need to accept the reality, I don't see it climbing that high in future.

People said same things for $1000 too, but what happened???
Did someone even think that a thing which not even cost a cent once, would go to such a high price???
And the ones who bought it even for a buck per coin, are still in profit, might be sitting and playing with their coins all day long...
Dreams are good, and one should dream to turn it out to reality by putting their own efforts...

doctor877

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Quote from: vero on February 13, 2016, 01:17:58 PM

if Bitcoin hit $1,000,000: i will buy car,house, traveling to around the world for shopping and holiday.

Dreaming is good, but dreams should be logical and realistic, we all want that the price of bitcoin should be on top but we also need to accept the reality, I don't see it climbing that high in future.

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Quote from: vero on February 13, 2016, 01:17:58 PM

if Bitcoin hit $1,000,000: i will buy car,house, traveling to around the world for shopping and holiday.

Or you could travel around all the time in order to know as many cultures as possible.

vero

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if Bitcoin hit $1,000,000: i will buy car,house, traveling to around the world for shopping and holiday.

iamthesky

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Quote from: BitcoinHodler on February 13, 2016, 12:53:13 PM

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Quote from: pereira4 on February 13, 2016, 11:08:09 AM

In 20 years I should have 20 BTC so I would be retiring by them. Hopefully I can reach my goal this year, then hold long term for those 10 to 20 years and retire nicely. I am going to start spending until I achieve my 21 BTC dream, after 21 I will start spending some, but never go below 21 so I always have that number on my wallet, but it will take a lot of hard work still to get there.

After you reach your 21 BTC dream and hold that 10 or 20 years, and unexpected bitcoin become worthless. what will you do about your coin ?

bitcoin, as an investment has a lot of risks in it. so anybody who has invested his money in it should be aware of these risks. so if the price goes drastically down you should sell to prevent more losses. although i dont think it can happen!

Every investment involves risks and so does the bitcoin, but if the value reaches the moon then we can earn huge profits, so we can be very rich after 20 years.

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Quote from: ?? on ??

Quote from: pereira4 on February 13, 2016, 11:08:09 AM

In 20 years I should have 20 BTC so I would be retiring by them. Hopefully I can reach my goal this year, then hold long term for those 10 to 20 years and retire nicely. I am going to start spending until I achieve my 21 BTC dream, after 21 I will start spending some, but never go below 21 so I always have that number on my wallet, but it will take a lot of hard work still to get there.

After you reach your 21 BTC dream and hold that 10 or 20 years, and unexpected bitcoin become worthless. what will you do about your coin ?

bitcoin, as an investment has a lot of risks in it. so anybody who has invested his money in it should be aware of these risks. so if the price goes drastically down you should sell to prevent more losses. although i dont think it can happen!

king1982

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20 years is big term and if i can be alive in this world i think i will have so many coins and i will spent them for to live good life with family

jugador

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I guess that if in 20 years, if I have a bitcion and it reaches $1000 then I would sell what i have and put up a business in the locality, I will accept bitcoin as payment for my services Cool

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The odds of Bitcoin eventually hitting $1,000,000 are really high, since paper money is heading for a collapse.
Hopefully, my $1,000,000 BTC will still be able to buy food for a couple weeks.

blackraven1425

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Personally I would keep on spending my bitcoins irrespective of the value that it holds, I mean just holding for 20 years would be a foolish thing to do, I would spend and buy again when the price is lower. It's not possible to be sure of anything.

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Quote from: pereira4 on February 13, 2016, 11:08:09 AM

In 20 years I should have 20 BTC so I would be retiring by them. Hopefully I can reach my goal this year, then hold long term for those 10 to 20 years and retire nicely. I am going to start spending until I achieve my 21 BTC dream, after 21 I will start spending some, but never go below 21 so I always have that number on my wallet, but it will take a lot of hard work still to get there.

Yeah, 21 btc is dream of many of us, and we are putting all efforts to achieve that goal, but its not gonna easy to reach there, but once the goal is met, we need to keep all those coins safe in cold storage.

pereira4

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In 20 years I should have 20 BTC so I would be retiring by them. Hopefully I can reach my goal this year, then hold long term for those 10 to 20 years and retire nicely. I am going to start spending until I achieve my 21 BTC dream, after 21 I will start spending some, but never go below 21 so I always have that number on my wallet, but it will take a lot of hard work still to get there.

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I would hold my bitcoins for next 20 years, as we are pretty sure that bitcoin would be a global currency till then, So I would spend less and save more so that I can sell when the value reaches the moon.

tommygunyeah

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Well, I think it is a bit hard to predict what will be the future of bitcoin in 20 years, because it is undoubted that technology never will end to surprise us! Actually I would be happy if bitcoin worth $1000 then, but we should prepare our minds to any potential scenarios, even the worst ones where bitcoin ceases to exist for good. Undecided

ATguy

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Quote from: Sir_lagsalot on December 07, 2015, 02:45:03 AM

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?

In 20 years, the most probable out of your possibilites is Bitcoin hit $1,000 again. $1,000,000 wont happen, to stay around $400 is unlikely, and few cents is impossible as well because some shitcoins have bigger market cap already even though hardly anyone accepts them as payment.

Daniel91

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It's not to difficult question for most of us.
We collecting bitcoin because we believe in the vision behind it and hope that later (when BTC become mainstream) value of Bitcoin will increase a lot.
This will help many of us to achieve financial freedom.
We can talk about ideas, revolutionary projects etc, but it's all about money, after all.
I don't think that bitcoin will replace main world currencies.
So, after 20 years, I will sell my bitcoin for maybe 50-500 times higher value than now and solve all my financial problems

damiano

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Quote from: elloco4ever on February 13, 2016, 08:41:02 AM

Quote from: Dobmaster on February 13, 2016, 08:29:48 AM

Quote from: bitgolden on February 12, 2016, 07:26:03 AM

Quote from: allthingsluxury on February 10, 2016, 10:20:00 AM

I'm sure most people hope to spend it and that it is worth much much more. I personally hope that it is commonly used by all at that point. We will see.

But for supporting bitcoin to reach there , people need to start using and adopting it from now, as with that it will get strength and will increase its price value. The more a currency is accepted by people the more it achieves the strength.

I use bitcoin when I do online shopping if the retailer accepts it. This will increase the value of bitcoin gradually.

you are doing the perfect thing because we all needs to do this and create awareness about bitcoin even if they dont accept atleast retailer ill be aware of this digital currency called bitcoin.

The only way this is a prefect thing is like you say can create awareness and if others also start using it to buy things which they need and thus increasing the adoption rate of Bitcoin, then of course more adoptions of Bitcoin the more demand for Bitcoin which will then increase the price.

We need more people like you who will spend Bitcoin and give more merchants incentive to accept it. More people like me because I rarely spend my coin on everyday items, I just trade it.

I would want Bitcoin to be adopted by many in the year 2020 and with that the price could be anything from here to 1000,s I doubt very much a million Cheesy

The most probable is 1000+ or failed experiment. Time will tell but if the former I would finish paying off my house in Bitcoin and possibly retire early.

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Well, hopefully you can get a house or pay for its renovations by just using bitcoin but we'll never know where is bitcoin by then. Technology is changing and industry leaders are changing.

Herbert2020

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since i am still young and don't own a house of my own. i am planning (wishing) that i can buy a house in the future.

and this is where my bitcoin investment comes in. i am earning, and gathering bitcoin through trading , etc for the future to sell it and have a decent profit that i can use to buy it.

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