All great posts, I also love this thread title because it's much more realistic than the typical "million dollar" expectations (which probably won't happen because when it gets that valuable, a better competing currency will be created by the free market).
I too have "cashed out" of USD in principle, but I do not believe for a second that native currencies will be replaced with Bitcoins (My utility bills in South Korea will probably always need to be paid in KRW) that the world will have a "world currency", not even to mention bitcoin's scalability issues. Rather, I find it likely that bitcoin will be used in the background to power services like western union etc. I'm homeschooled and even I know that not all country's economies are equal.
Topic: So in a few years when bitcoin hits $100 a coin ... - page 2. (Read 2308 times)
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Well until the utility bills and other necessities can be paid with bitcoin, cashing out for USD is going to be required for a while 
This is why I am trying to find jobs that pay in BITCOIN and I keep it as bitcoin and jobs that pay in USD and use that for my USD bills.
This is why I am trying to find jobs that pay in BITCOIN and I keep it as bitcoin and jobs that pay in USD and use that for my USD bills.
........and the $$/fiat is worthless how the hell are we going to cash out if we so choose to 
IF BTC is $100 USD then USD isn't worthless it is worth 1/100th BTC.
If USD was truly worthless then the exchange rate would be infinite USD : 1 BTC. At which point why would you want to cash out?
Good point ;-) I just had a spasm post haha...
........and the $$/fiat is worthless how the hell are we going to cash out if we so choose to
IF BTC is $100 USD then USD isn't worthless it is worth 1/100th BTC.
If USD was truly worthless then the exchange rate would be infinite USD : 1 BTC. At which point why would you want to cash out?
Some people don't realize that the extent to which Bitcoin succeeds is the extent to which "cashing out" becomes meaningless. You don't need/want to cash out if Bitcoin is accepted all over the place.
Or to think of it another way... I cashed out of USD into Bitcoin. I don't necessarily intend to go back.
Or to think of it another way... I cashed out of USD into Bitcoin. I don't necessarily intend to go back.
........and the $$/fiat is worthless how the hell are we going to cash out if we so choose to
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