What would you do if after a year bitcoin replaces all the world currencies? - page 2.

yayayo

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Quote from: lister storm on June 01, 2016, 04:22:09 PM

What would you do if after a year bitcoin replaces all the world currencies?

Well i mean the price would most probably rocket to the sky so in my opinion i would start buying as much bitcoins as possible when i would see that the price is going up really quickly

Don't you see a logical problem here? If Bitcoin replaces all the world currencies, Bitcoin will no longer be exchangeable for another currency, hence the "price" is unlikely to skyrocket. What might be skyrocketing is its purchasing power. Stop using fiat as a reference for value, since it's a very bad benchmark.

In case that happens - and I seriously doubt it will happen in my lifetime - I will simply live on and use my Bitcoin to buy the things I need. What else am I supposed to do? Jumping out of the window, screaming "Bitcoin won!"? No I won't do that. Nope. Cheesy

ya.ya.yo!

lister storm

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well i guess you are right about the idea that some people will have to have some big losses in order for others to make some more money, i actually did not think about it that way before

though by saying rich i did not mean that i would like to have that much money, i wouldnt have where to put it, i wanted to say that i would like to make enough money for buying the stuff i would like

Lauda

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Terminated.

Exactly what is the point of this thread and exactly what do you think is the value in such a discussion? You are most likely going to end up with random 1-2 liners ("I'll do X"; "I'll do Y" type of answers) from spammers. After reading those sentences it is easy to realize that your reasoning behind your own involvement in Bitcoin is false (e.g. greed: getting rich). Bitcoin replacing all of the currencies in the near future, is not only improbable, it is a joke. People here have gone way beyond reality and are swarming with optimism (e.g. the upcoming halving). This is going to have some deep negative after-effects.

Quote from: lister storm on June 01, 2016, 04:22:09 PM

besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?

This doesn't work that way. Exactly where do you think that this money comes from? Someone has to lose money in order for you to profit. Additionally, in the case where there is a singular currency (Bitcoin) you would not be able to measure the value as you do today (e.g. no price in USD). Anyhow, if there was a decent chance for the traditional currencies to be replaced soon, it would most likely not be done solely by Bitcoin, but a few cryptocurrencies that would be at the top.

lister storm

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Well i mean the price would most probably rocket to the sky so in my opinion i would start buying as much bitcoins as possible when i would see that the price is going up really quickly

besides that i would tell about it to all my relatives in order for them to become rich too, and what would you do if that suddenly would start happening?

Topic: What would you do if after a year bitcoin replaces all the world currencies? - page 2. (Read 948 times)