Bitcoin Forum

Will I ever experience those feels? It must feel amazing to have a large sum of money all the sudden. This will only happen if each BTC is worth $10k-100k in the next 2-3 years. Who here truly believes this will happen? I feel like this is my only change to have success in life
 

 Bitcoin pls! :( 

Never know!
However, do not put all your savings in this. Just in case.

I believe there is a chance of this happening and it's a way better chance than playing lotto.

But the thing is... if I win I want to win big. If this is one of those life time opportunities to get explosive gains I want to be in the $millions, not thousands... so I kind of am buying as much bitcoins as I can. I only have 10 right now but I want to have at least 20 in case this really picks up. The only thing I have going for me is that I'm single so I don't have any wife and kids to worry about if I lose all my money.. but maybe I'm still being stupid?


Yeah, screw the lottery

I know exactly how you feel ,as we are on a similar boat (also single, etc). I knew about Bitcoins back in the day, but I asociated it with ilegal activities because of all the deep web stuff so I ignored the whole thing, only to find out years later a guy is now a millonaire off a 27$ investment.

Honestly, I think we are a bit late, at least to cash out millions. The only way we are going to be millonaires is if the value of a single BTC keeps rising to absurd numbers, like 100.000 USD/BTC. There are people that say it could even reach one million, but that's just absurd. Wouldn't it mean the USD is basically useless at that point? How could a currency exist on the practical world? Imagine you want to buy something really simple, like a pizza. You would be using really absurd small amounts of BTC on there. This doesn't seem very intuitive. Most of the average person shoping will be like for 0.00000000000000000000000001 BTC. Anyone else thinks this is nuts?
And imagine the super early adopters that right now have like 100k Bitcoins. They will be like the richest guys in the world. Will Govs and "the powers that be" allow for that to happen? If the "1M USD/BTC" scheme is ever true, basically it would mean super early adopters rule the world in the future. What an insane scenareo.

http://i.dailymail.co.uk/i/pix/2013/04/12/article-2307752-193F1CC1000005DC-353_634x399.jpg

Smuglife.

if 1 BTC becomes a huge amount it'll be split into much smaller units.. probably called something else like satoshi. So we won't be paying in 0.000000000000001 BTC, we'll be paying in 1 satoshi, or microBTC or something which is equivalent to that much BTC... and the lucky ones who own 1 whole BTC or more will be rich.

I'm hoping this happens

BTC is built with the intent on being infinitely divisible for just that scenario, should it ever occur. At this time, I believe we can go back to eight decimal places. In the manner of exchange, the explicit unit is really irrelevant as it is only a reference. In time, you won't be spending .0000014 BTC to buy a pizza; you will spend 14 Satoshis. It is true, however, that those holding very large sums of coin right now could be extraordinarily rich beyond comprehension. It is unlikely to happen to quite the extreme as the price rises and approaches those figures, they'll sell, as will everyone, on the way up to take some profits. Nonetheless, they'll be very well off.

In order to better your position you will have to look for ways, beyond the conventional 'buy at coinbase' method. You might have to do some trading ..pay attention to supply/demand and see if you can sell high, buy low. There's certain risk here, but there is no inherently risk-less venture that can make a person rich. Even the people discovering they are rich now, had to make a commitment to spend real money on something that was relatively worthless at the time. Despite actual investment figures, that was a huge risk.

You might also consider selling goods or your services for BTC. Probably the most productive and mutually beneficial (you and the bitcoin economy) thing you could do right now.

Don't despair. There is still hope!  :D

Many hopes which means it wont happen most likely. Unfortunatelly

Nope, the more people believe this, the higher the chance it will come true :)
The good thing about this is that it doesn't have to screw up people that sell last like a pyramide scheme, because it can be constant as currency later on.

strong username to post correlation

I don't know about you, but I would be very happy to have $100-200k.
Maybe that's because I don't really spend a lot of money.. even now I have everything I need materially. If I wanted to be able to retire comfortably I would need about $800k if I didn't want to work a single day for the rest of my life.. but I actually do want to work like 3-4 hours a day so I need even less.

It's all about perspective.

Again: Just think for a moment, there is probably people right now that are millonaires by owning 30K Bitcoins, imagine if they save all of that for years, and in a decade Bitcoins are worth 100K's... it would basically mean super early adopters are among the richest wealthiest world elite. How would the Govt and "the powers that be" allow for all of that? And to add more: Who the fuck would have the money to pay you in USD/EUR if you want to convert your Bitcoins? I mean, right now, there are having a lot of problems with people that are trying cash out. I mean, do you really think there were hundreds of thousands of dollars just sitting around waiting to be traded for bitcoins?

Do you honestly think these exchanges have millions laying around to back all of the bitcoins that could be cashed out at any given moment?

This is the same as buying 1000s of penny stocks for dimes and then cashing out years later for 10000X the amount. Like if you bought microsoft stock when it was a penny stock.

In the 1800s, people having multiple billion dollars in net worth was unheard of. People becoming richer and richer, the fed reserve prints more and more dollars and the value decreases due to inflation.

I see what you're saying though, but someone more knowledgable than me could probably answer you better

Yes, remember BTC has market price, it means if you sell 1 BTC now, you get 500 USD, but if you sell 1.000.000 BTC you basically crash the market and you might get only 20.0000.000 USD (the amount available at exchange) for your 1.000.000 BTC, while crashing it to near 0 USD / BTC

if i had invested in 3-4 years ago, i wouldn't be where i am now.. i'd be either living in my own home or travelling the world.