One day you won't be able to exchange BTC for any real money cause Governments and NWO will shut down exchangers and nobody is going to trade with you face to face in fear of under cover raid.
Actually BTC could probably become illegal just like other certain stuff that is illegal to possess on your hard drive. So make sure you have it encrypted (TrueCrypt is free and very good) with a huge 50+ character password including symbols and numbers to make it impossible to brute force in 1000 years, else if they find your BTC wallet you'd probably get 25 to Life for conspiracy to over throw Governments and NWO, labeled as national security risk, and put on no fly list.
Yes, this is our future. Sticking your head in the sand, or putting your fingers in your ears going "la la la..." won't stop it from happening. Some day, you'll wake up.
For the people doing BTC as an investment to make money, the time to cash out is not before the next crash, or the crash after that, but to cash out before you can't cash out anymore, regardless of value. But heck, even if you cash out the day before, nothing to stop the government from tracking and logging whats been going on for a while, and freezing bank accounts from everyone associated with BTC exchangers, etc. Oh can't happen? Look at Liberty Reserve.
Topic: One day, holding one bitcoin will make you a millionaire. - page 2. (Read 4489 times)
Yes, I hope one day we're mostly working with uBTC too.
A monopoly dollar millionaire, that's for sure.
By the time this day comes, a million dollars won't be what it is today.
When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.
This clever mother-f***** right here.
looool
When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.
This clever mother-f***** right here.
Those early adopters with 100k BTC wallets are already millionaires.
Is everyone bad at arithmetic today? 10k BTC is over a million USD TODAY! (just look at the bitcoin pizza index at http://www.ounce.me/)
$10k in 1913 would buy you the same as 0.5 - 2 million today. If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today. It might not even exist in 100 years, but if it does $1 million isn't completely insane. Unless you are saying Earth will die before then?
I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?
And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.
I don't get it, why do you assume average inflation is 2%? It's more like 5%. $10k buys you a nice mansion in 1913, a nice house in 1963, and barely a bathroom today.
When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.
Money is only worth it, because people accept and believe in a currency and is sometimes backed up by gold from the central banks. When nobody accepts Euro or Dollar it is also worth nothing.
Currency estimation of price is a thing of acceptance and belief.
Currency estimation of price is a thing of acceptance and belief.
And the application of force.
If I owe you bitcoins and you live in the US I can pay you back in USD and there is nothing you can do about it as long as the US exists. Plus you have to hold some in order to pay taxes or you go to jail.
Mark my words. 
And you will laugh when there will be millions of millionaires and no one will be ready to buy their bitcoins.
All I know is I'll be happy and walking like the guy in my icon when my btc is worth a cool one mil.
Money is only worth it, because people accept and believe in a currency and is sometimes backed up by gold from the central banks. When nobody accepts Euro or Dollar it is also worth nothing.
Currency estimation of price is a thing of acceptance and belief.
Currency estimation of price is a thing of acceptance and belief.
Those early adopters with 100k BTC wallets are already millionaires.
$10k in 1913 would buy you the same as 0.5 - 2 million today. If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today. It might not even exist in 100 years, but if it does $1 million isn't completely insane. Unless you are saying Earth will die before then?
I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?
http://www.measuringworth.com/ppowerus/
This isn't exactly what I was looking at before, but type in 1913, $10,000 and 2013.
Quote
In 2012, the relative value of $10,000.00 from 1913 ranges from $177,000.00 to $4,010,000.00.
So we have at least double your estimate.Quote
And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.
Tell that to all the people buying it with dollars, yen, euro, yuan, rmb, rubles, pesos, etc.
$10k in 1913 would buy you the same as 0.5 - 2 million today. If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today. It might not even exist in 100 years, but if it does $1 million isn't completely insane. Unless you are saying Earth will die before then?
I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?
And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.
Mark my words.
Earth will probably die before that point.
Or maybe your not refering to 1 million usd, but 1 million air molecules?
$10k in 1913 would buy you the same as 0.5 - 2 million today. If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today. It might not even exist in 100 years, but if it does $1 million isn't completely insane. Unless you are saying Earth will die before then?
Sounds like a deal to me. 
Mark my words.
Earth will probably die before that point.
Or maybe your not refering to 1 million usd, but 1 million air molecules?
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