Bitcoin Forum

So people have always stated that they are going to wait until the price of bitcoin reaches some magical price point which represents "Da moon" to sell out their bitcoins... So my question(s) is this:

1) What price is "Da moon"?

2) How will you know you have gotten there?

3) Will it be worth it to cash out when it hits that point in your opinion?  If it truly helps you out purchasing goods in an easy and convenient way, would you really consider "cashing out" for that big paycheck for the bitcoins you hold, just to go back to the same ol' mundane fiat system that we all left?

Try to understand the truth. There is no moon.

http://media.coindesk.com/2014/03/BjP4akHCIAIaqcy.jpg

I'd say 10k USD. At that point its overtaking all other payment processors and credit services. It become the global electronic currency, everything has to shape around it or die. At that point BTC achieve an economic revolution.

Of course long before we get to 10k i'll have cashed out some to pay for some better quality of life. But anyone who already is setup in term of BTC income is set.

That might take a long time to happen, however.

So wouldn't that make my point clear in question #3, that it would be pointless to sell out for such a price point, because bitcoin has overtaken credit card companies, banks, and other things that relate to fiat payment systems?  Why would you want to cash out to something that is going to be meaningless?  I would imagine at that time, you will be able to fund your new found "quality" life you are striving for in the first place, mainly by bitcoins at that point... so there would be no need to "cash out" necessarily... right?

Cash out sound kind of vague to me. Since i mine, have investments and do other activities that return some lesser amount of BTC. Even if i sell out all my BTC i still have the income. My end goal would be a good quality of life of passive BTC income.

If you don't actually do anything with BTC other than hold. Then i don't know. I'm guessing holding the BTC and just selling what you need for your monthly expenses would be best. But thats only if you don't know how to make money with money. At least at that point, holding BTC would be good since it would be a great store of value + deflationary.

The best would be to invest it. Even with BTC, money is best making more money. The worse you could do is turn it into FIAT and hold it.

I define the moon as 1 bitcoin = 1 bitcoin, a time where we don't need to convert bitcoin to fiat as it can already be used in most transactions of everyday life.

 This ^^^
By the time btc=enough purchasing power that I would consider "cashing out"...I won't have a reason to  ;-)

if this is about target, it would be 10k, but i would prefer if by that time bitcoin will be global accepted everywhere os i can use it without dumping, which would be the real object of this revoluzionary tool

selling for fiat is still dumb enough no matter the target

I would consider that we have gotten to the moon with the price of $50,000 per coin. Also general sentiment in this case scenario should be that everybody are talking about Bitcoin and using it, I mean the masses.

This would be to the moon for me!

A market cap of 1 Trillion, well, that would be nice but thats simply impossible. Maybe we'll get there in our lifetime but, at this point its just wishful thinking.

for me it is more in the range of $1000 at the moment, as i like to keep it realistic. if we manage to touch $1000 again in the future i will be very happy.

I am not waiting for the price to go "To Da Moon" as it is basically pointless. "To Da Moon" means we've reached the ultimate ATH which might take 20-30 years if Bitcoin maintains its strong position. From there everything will go down and we'll end up falling and falling.

600$ would rock a lot of peoples socks off.

270$ is also not bad. at least it is not going down anymore.

The moon is 1 million $ per BTC

Most of newbies are still waiting for a "To Da Moon" moment. They are going to be so sorely disappointed. We are in a totally new territory; the past 2 years of continuous downturn has proven how strong and permanent the bitcoin bears are. These bears have tasted the sweet honeypot in SHORTING. As long as they can make money shorting the btc, there won't be a To-Da-Moon anymore.

10 x [current price] = da moon. that's why people say we'll never reach the moon. its getting farther and farther every time the price increases by a cent.

Well to da moon i would think starting with 1,000 USD
That is the price which was in last years and people want it back.
But in generally 2-5,000 would be more than enough.

The moon has happened already. 0-$1200 in the space of less than five years should be insane enough to satisfy anyone.

Success = 'cashing out' being a totally irrelevant concept.

My guess in the range of $2000.

The average distance to the Moon is 384403 km, so it would be fairly reasonable, if you set 1 bitcoin to 1 km, that 384,403 USD equals to da moon!

Or if you want miles, it is a bit less: 238,857 USD.

Sounds about right to me, atleast, I wouldn't worry anymore ;)

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

Haha, that's actually a pretty interesting way to look at it in that way... I guess you bring up a good point, though, it's pretty unrealistic...


Yeah, even though some people weren't fortunate enough to buy bitcoin when it was $10-50 and waited until 2013 to sell out... there are still some of those people.  I believe that $200 will be the lowest it's going to go right now, and the new "low price" after a couple of years might be $400 or something like that a coin... I just have some kind of feeling that another crazy spike is going to happen after the halving.  It's going to be a crazy ride next year, IMO.

Personally I don't think anything can be labeled the "moon" when we get excited about going back to 1/3rd the price was 2 years ago. When we pass the ATH then we can talk.

If there are enough entry points for new dollars like Gemini and Coinbase, then keep in mind these entry points were not around during the spike to $1200.  Spikes are driven by greed. How many greedy ass wall street bastards have their Gemini accounts set up just waiting for what is clearly an upward momentum swing???? what will slow down the coming spike?????

I think we will see a surge and a small pull back, but then the next surge will blow our minds. Greed has no boundary, it has no top. Believe me people with millions of dollars to blow don't care if bitcoin is a ponzi or if it is Gold, if they see a chance to make a buck they will take it. Ponzi's, Gold, stocks, they never go away and there is always a coming freight train of speculation, with bitcoin right now we are standing on the track and 50 feet away is a cloud blocking our vision, when that train breaks through that cloud, there will be no time, its size and speed will vaporize us all.........

Yeah it is basically this one, because we will keep arguing on how much does 'da moon' is worth all day long without ever getting into a compromise. But seriously though, I haven't seen anyone other than me who thinks that 1 bitcoin = 1 bitcoin is sufficient to be labeled as the moon  Do we really need dollars if we have bitcoin accepted globally in the future? ???

Yes this is da real moon.Overall acceptance and 1BTC allowing you  to buy a nice small cute suburban house. :)

This. IIRC, during the bubble leading to 1200ish, it was decided in the Wall observer thread that moon had been reached. I've forgotten what price point it was at, but if OP feels a pressing need to know, that info is somewhere in that thread...

Considering the market cap of the internet is roughly 30624.3B, I would say if we reach 1% of that, it's 306B equating to  14.5k per coin @ 21 million coins.


Considering if infrastructure and scalability keep being developed, and the network remains decentralized, I think it's very possible.

Oh, when whe think that one bitcoin is equal to 1 bitcoin we will hitted "da moon" success. One coin digital or not, is well established we don't need to translate to another one. These will be the success of the coin not hit a maximum.

NorrisK with this kind of speculation you passed our galaxy lol :P
From now i can say dream just dream, this could bring us lots of profit.
Around half million to cost a bitcoin lol, as i said before 1-2,000 is more than enough.

Well I don't necessarily believe that the network is really "decentralized" today... it once was back during early adoption, but now with the high costs of setting up proper mining hardware/cooling and how much memory it takes on your computer to have the latest "full node" running on your computer; centralization of the network is happening every day. 

Especially since a couples of pools have more than half the total network's hashrate. Everyone flock to the biggest pools instead of segmenting the hashrate properly. Bitcoin would be better off if we could split the hashrate into many pools of 5-10PH/s.

In the part of mining, yes, centralization is pretty much happening especially in China where 3 large pools are located. As for full nodes, I don't think so. Nodes are pretty much scattered on the globe unlike miners who are concentrated because oof large mining farms.

This is so true. When it hits something like "da moon". It would make Bitcoin, world's one of the best currencies, so you can use it anywhere.
You would not even need to buy millions with it because you are gonna understand you already bought the money of future.

10k  :)