Bitcoin Forum

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $10 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $1000 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

All of this is true. People have cashed out completely at 10.

For Bitcoin to reach $100 per, it would have to reach a certain amount of velocity, regardless of how many cash out.

~Bruno~

They cashed out at 20$ and at 30$ too

this is an economics fail.

Think about it before you reply.

I thought about it very well. Everyone has their price and that price tends to be whatever brings the most immediate gratification.

There is a minority that thinks far into the future though.

If bitcoins hit $100, that would mean that it's in high demand and has high usage, or that the value of fiat has dropped significantly. Prudent people hang onto valuable things.

Most people aren't prudent. They have families to feed, parties to go to and things to buy.

A $100 price point also means people are still selling at that demand. It's safe to say there will be many declines as people settle for a higher and higher price.

Everything about the use of bitcoin seems negative at the moment, crime, gambling, money laundering and ponzi schemes... This forum reflects a disproportionate percentage of high risk seeking morons with no respect for money than the world at large. Any outsiders coming to this forum to get a bit of insight into bit coiners will have any illusions that bitcoins are the currency of the brainy elite shattered.

Still the wild west Chang Hum. wait a few more years.

Prudent people don't blow the grocery money on speculation. : )

But you're right...most people aren't prudent.

The saddest and funniest thing about bitcoin is... That there are still people who think it's ever going to hit 10 again xD

The saddest thing about Bitcoin is that Satoshi Nakamoto is probably too scared to come out of hiding.

The saddest thing about Bitcoin is Eternal September. (that started almost a year ago)

"cashing out" implies someone else buying these bitcoins.

So, while the saddest thing is someone selling, it's a happy and awesome thing that someone else is buying, and at a high price too.

Personally, I'll decide my end point of wealth I want, then cash out a certain amount at every price doubling. (while using them everyday in normal commerce too)

The funniest thing about comments like that is..
that for people going to cash out it always needs others going to cash in.
If most people are selling only few will get $100 per Coin.

back on topic:
The saddest and funniest thing about Bitcoin is all the strange people on this forum.

The saddest thing is treating bitcoin like monopoly money.
The funniest thing is watching people participating in every ponzi scheme.

""   ""  $1 ""   ""
""   ""  $.1 ""   ""

Some of us already cashed out completely... of dollars.

In the grim future of bitcoin, there is only war!

No kidding.

It's a little whack, but the higher it goes the -fewer- I sell since it takes fewer to cover my incredibly awesome cheapo lifestyle.

You know, some of us actually use bitcoin for purposes other than speculation, and we trade regardless of price.

yep, for everyone who "cashes out" there is someone who cashes in.

At $100 it just means a different number in the Bitcoin wallet than when a previous purchase went through. Bought and spent in the same manner.

Happy to learn about your feeling at 100$/btc, What are they at 75$ ?

why be sad about it? wide distribution is good.