Topic: What to do if Bitcoin's value explodes! (Read 3415 times)
Retire then celebrate
I think bitcoin value HAS exploded. I boguht in when they were 6 cents apiece, that was not long ago, now they look like they are going to make $20 each soon. That is a HUGE explosion.
I run a real estate company in Tokyo (www.akasakarealestate.com) and would consider making a rental contract in Bitcoins for some of my own properties. Also I am selling a beachcondo for bitcoins: http://akasakarealestate.com/bitcoin/forsale.htm
Let's see how long it will take before the first real estate transaction is done in Bitcoins.
Let's see how long it will take before the first real estate transaction is done in Bitcoins.
The current speed of "value growth" is really breathtaking... 
Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).
Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).
You mean like pizzas?
On the regression theorem, we can trace bitcoins value chain all the way back to when it was first used in exchange for pizzas.
The current speed of "value growth" is really breathtaking...
Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).
Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).
I think the best solution would simply be to send me all this excessive money.
I guarantee it will only be used for good.
=
Problem solved.
I guarantee it will only be used for good.
=
Problem solved.
Conclusion: we need a bitcoin real estate company.
It's on my to-do list. http://www.bitcoinrealestate.com
This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.
The problem with that is the seller of the house has to agree to accept bitcoins. If not the real estate company or some bank would have to act as an intermediary and exchange the bitcoins for dollars, which would affect the market. Although if someone does buy a house based on bitcoin profits I think the crash would be temporary, the publicity from the transaction would whip it right back I think. A cheap house would be about 10,000 bitcoins at a going rate on mtgox atm, or 100,000 bitcoins for a really nice house. If there is any person who has over 100k bitcoins, then we already have some people who were made millionaires by bitcoin.
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What to do if Bitcoin's value explodes!
Search for cover.
This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.
and a ferrari dealership...
This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.
if bitcoin explodes, we'll cross that bridge when it blows up.
... or get down on hands and knees and clean up the mess.
If you have large stashes, wait for a financial institution to accept and then lend/invest them on your behalf.
Even better, go to an investment bank and help them create a bitcoin division.
Then again, it's not for me to tell people what to do.
Even better, go to an investment bank and help them create a bitcoin division.
Then again, it's not for me to tell people what to do.
If it goes into the triple or even quadruple digit range I think the big holders of bit coins should refrain from cashing out. I think that would risk crashing the market. Instead leak the coins out at a steady pace and live off them, or better, use them in direct transactions rather than exchanging them first.
If they were stupid enough to cash out all at once, they would have done it a long time ago. Remember, there was a time when bitcoins were worth less than a penny.
I've been thinking about this. The bitcoin's value will inevitably increase. If it goes into the triple or even quadruple digit range I think the big holders of bit coins should refrain from cashing out. I think that would risk crashing the market. Instead leak the coins out at a steady pace and live off them, or better, use them in direct transactions rather than exchanging them first. I think if everything goes right bitcoins could become the new gold, a safe harbor investment always appreciating in value. Basically what the US dollar was supposed to be 65 years ago.
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