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Topic: In 20 years, what would you like to do with your bitcoin? - page 62. (Read 59431 times)

legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
There is nothing i would like better than for bitcoin to reach such value of 1 million USD, and then i would do just one thing - retire.
And the best part about it is that it would mean bitcoin is so spread over the world that i would get to keep my bitcoins, rather than just dump them.
But let's first pass that 1k mark again, and see that it has enough support to last, then we can focus on higher marks.

cheers
hero member
Activity: 560
Merit: 500
Well dreaming with value above 10k dollars for 1 btc i would for sure change my life in a short time and retire from work.But since i know if one day we achieve such value i may be dead already.
legendary
Activity: 2436
Merit: 1104
thing i would do if bitcoin hit the prices in the lists below


Bitcoin hit $1,000,000:   i`ll buy a house for my parents and travel the world for me.
Bitcoin hit  $1,000 again:   i`ll use my btc to start a business that i want, like a resturant.
Bitcoin stayed where it was: i`ll keep it until i have enough to start a business and keep some to continue using bitcoin.
Bitcoin became worthless, or a few cents: i`ll keep it and wait if bitcoin is still able to rise from its down fall.
And which of these do you think is most probable? i prefer the first one, because i can give parents what they want for themselves, and ofcourse i love travelling but since i dont have enough money to go travel where ever i want, im just keeping it until i have enough to travel to the place i can
afford.
legendary
Activity: 966
Merit: 1000
I would like to have a International Loan service of mine where you could get a safest and fastest bitcoin Loan, unlike people defaulting on present Loaning services.
if bitcoin is still exist and the rate is veryvery high i think i'll sell all of my bitcoin  Tongue
but if the rate is very low,I will be sincere.

Yeah. I really hope that Bitcoin is still around in 20 years. With halving and all, I wonder if miners are going to stay if their payment becomes very small.
There are other alternatives in such conditions, the price could increase or the difficulty will decrease in order to continue mining.
member
Activity: 112
Merit: 10
if bitcoin is still exist and the rate is veryvery high i think i'll sell all of my bitcoin  Tongue
but if the rate is very low,I will be sincere.

Yeah. I really hope that Bitcoin is still around in 20 years. With halving and all, I wonder if miners are going to stay if their payment becomes very small.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Help bitcoin grow even further.
member
Activity: 112
Merit: 10
if it goes back ro 1000 for sure I will just buy a extreme fast gaming pc that it can go to 4K.
I would buy also a 4K monitor.

Oh man. I really wish I had one of those. I am a hard-core gamer and right now I have a really crappy PC. Hope the price goes to $10,000, then I will buy one of them as well.
member
Activity: 112
Merit: 10
Bitcoin hit $1,000,000: I would just retire. By then I would have around 20 Bitcoin, so I would retire with me 20,000,000.
Bitcoin hit  $1,000 again: Probably sell and then re-invest later.
Bitcoin stayed where it was: Just spend it how I normally would.
Bitcoin became worthless, or a few cents: I would pretty much kill myself.....yeah.

And which of these do you think is most probable?
The most probable is definitely the second one.
sr. member
Activity: 294
Merit: 250
if bitcoin is still exist and the rate is veryvery high i think i'll sell all of my bitcoin  Tongue
but if the rate is very low,I will be sincere.
legendary
Activity: 2674
Merit: 1048
Bitcoin hit $1,000,000: oh this is what i dream,i will spread bitcoin to my friend and my family.
Bitcoin hit  $1,000 again: not bad,i have to get bitcoin more and more
Bitcoin stayed where it was: still looking for bitcoin
Bitcoin became worthless, or a few cents: still looking for bitcoin
And which of these do you think is most probable? "i wish bitcoin hit $1,000,000 Grin
hero member
Activity: 560
Merit: 500
There would be two things i would do one is keep lending a part of them and the other would be convert into cash and buy something to family,maybe a new car or house as the value of bitcoin.
sr. member
Activity: 448
Merit: 250
Well if ever bitcoin will be 1 million than I will just for one night gamble like never before.
If I have more than 50BTC. BUt man that is just a lot of money 1 million for 1BTC.
legendary
Activity: 2100
Merit: 1058
If it would hit 1 million I would exchange some but still keep some on the side.
Buy a house somewhere and live there for the rest of my life and travel in between as well.

Most of the bitcoiners here will do same like you. But the best part of you is still keeping some bitcoins for further savings. This must be a wise idea. I too never sell all of my bitcoins at once. May be some 25% of my holding may go for sale at once. I believe my grand child will use my bitcoin with unimaginable prices.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
In 20 years I would like to retire in some nice condo in some peaceful neighbourhood and enjoy my hobbies while the bills are taken care of by the bitcoins of course.
legendary
Activity: 3248
Merit: 1070
lol everyone is ready to sell at 1k or just under 1k (me as well) makes you wonder how it will ever get to 1k again in the near term.

this is not even 1% of the real bitcoin users, not a good sample to take into account

but at the end it's better, only strong hands will hold all the way up to 10k and beyond
sr. member
Activity: 266
Merit: 250

Bitcoin hit $1,000,000: I will try to earn more bitcoins with my own coins.
Bitcoin hit  $1,000 again: HODL
Bitcoin stayed where it was: HODL
Bitcoin became worthless, or a few cents: HODL
legendary
Activity: 2050
Merit: 1184
Never selling
lol everyone is ready to sell at 1k or just under 1k (me as well) makes you wonder how it will ever get to 1k again in the near term.

When it hits 1000 greed will take over and everyone will be saying they'll sell at 5000, then 10000, and so on. Most people rarely sell at a high value, look at the 2013 bubble for instance. Those damn emotions will get ya.
legendary
Activity: 883
Merit: 1005
lol everyone is ready to sell at 1k or just under 1k (me as well) makes you wonder how it will ever get to 1k again in the near term.
legendary
Activity: 1442
Merit: 1016
You can't predict now about what might happen after 20 years!

There might be 2 cases however:

  • Bitcoin's price might skyrocket upto $1000 making it difficult for buyers or newcomers to afford 1BTC. Also people might try to sell their hoardings in order to get profit and also to stabilize the price.

  • Bitcoin might collapse to a rate of $1 which will eventually lead to a massive disaster to the P2P community!

For now, let's hope that the former situation happens after 20 years! Smiley

Regarding your first case: Reaching $1000 os no skyrocketing. Next  year during halving this is a realistic level.Right now we again heading to 450 and 500 isn't far away.So $1000 is no sky, it's kind of close.
In 20 years we will talk about completely different sums and magnitudes if Bitcoin should be still around.Bits instead of bitcoins.

To your second case this is the other side of the medal(coin) which we all know about and seem to take that risk because of the huge and disruptive potential Bitcoin is having.

End of course we all hope the first case is the one which will happen! Smiley
legendary
Activity: 1442
Merit: 1016
In all honesty if Bitcoin hit $1000, I would sell 60% of my coin, wait 1-3 weeks and see what happens before buying back in.

It might happen that you will cry like a baby because price continues rising.
I believe if we reach old ATH or being close to it we will break through it and go for a new one.
So it could be dangerous to follow your strategy.
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