I am pretty confident we are the new wealthy elite, gentlemen.

[Gordonium]

At the same time, the destruction of the legacy financial system will send stocks and real estate to all-time lows.

I doubt it. Stocks and real estate are tangible wealth. Currency is merely something used to purchase wealth.

They  will go to all time lows (temporarily) because their owners will panic buy Bitcoins with everyway they can.

[lophie]

At the same time, the destruction of the legacy financial system will send stocks and real estate to all-time lows.

I doubt it. Stocks and real estate are tangible wealth. Currency is merely something used to purchase wealth.

Today I took a piece of paper saying I own stocks in apple and wiped my ass with it, indeed tangible wealth!
and how dare you call Bitcoin just a "Currency" and compare it to the worthless fiat? Bitcoin is a digital commodity and it is as tangible as everything else, I just carried my phone with mycelium wallet and it is quite heavy for a non tangible asset.

[newquestions]

The funny thing is ... those who stick around, and hold their bitcoin,
will look back on days like these and laugh. The idea of owning bitcoin
for less than $1,000 will be a joke ...

Governments will trade in singular bitcoins within years.

[mootinator]

Guys it will slow down eventually. We cant ALL be millionaires lol

The US alone has several million millionaires, what's the impact of a potential 2.1 million more (assuming around 100k BTC valuation) globally, really. Not much.

[lophie]

The funny thing is ... those who stick around, and hold their bitcoin,
will look back on days like these and laugh. The idea of owning bitcoin
for less than $1,000 will be a joke ...

Governments will trade in singular bitcoins within years.

future news:

President of country x: "We are very optimistic about having excess for next year's budget since this year we have assigned 1 whole bitcoin for the budget!"

 

[beetcoin]

this thread is funny.. i remember being a a creeper/browser who did not have an account... and seeing his thread something like 18 months ago. it seems like every time BTC explodes, people return to this thread   

[hivewallet]

this thread is funny.. i remember being a a creeper/browser who did not have an account... and seeing his thread something like 18 months ago. it seems like every time BTC explodes, people return to this thread   

It's been a historically sound indicator of when a bear market is at its end, too. Let's hope.

[zoinky]

Always fun to revive old threads.

[jbreher]

At the same time, the destruction of the legacy financial system will send stocks and real estate to all-time lows.

I doubt it. Stocks and real estate are tangible wealth. Currency is merely something used to purchase wealth.

Today I took a piece of paper saying I own stocks in apple and wiped my ass with it, indeed tangible wealth!
and how dare you call Bitcoin just a "Currency" and compare it to the worthless fiat? Bitcoin is a digital commodity and it is as tangible as everything else, I just carried my phone with mycelium wallet and it is quite heavy for a non tangible asset.

Not Sure If Serious. (sorry - no clever gif of Frye at hand).

My point is that when the legacy financial system goes tits-up (which I envision will most certainly be through hyperinflation), shares of companies and (e.g.) productive farmland will still have value. Maybe less so for the stocks, as commerce will be difficult for some time. But merely destroying the system's currency will not make land and capital equipment vaporize.

[MoonShadow]

My point is that when the legacy financial system goes tits-up (which I envision will most certainly be through hyperinflation), shares of companies and (e.g.) productive farmland will still have value. Maybe less so for the stocks, as commerce will be difficult for some time. But merely destroying the system's currency will not make land and capital equipment vaporize.

This is a fundamental truth that often gets lost in the noise.  No currency is, itself, wealth.  Nor is any currency, itself, capital.  If & when the  common currency is discarded, the standard of measuring wealth and capital simply changes.  The wealth and capital are still there the whole time, but for an internim period it may become difficult to quantify the value in such a way as to be able to accuractly compare the values of different forms of capital.

Nor is gold, itself, wealth.  As was so well stated in the Cryptocromicon, gold is the corpse of wealth.

[AnonyMint]

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Read the following post and the posts on the prior page of the thread:

https://bitcointalk.org/index.php?topic=323988.msg3643713#msg3643713

You are suffering a delusion induced by the dopamine (euphoria, feel good) spikes in your brain which are shutting down the rational thought in your (probably thus atrophied) pre-frontal cortex.

[BittBurger]

I think about this thread all the time.

It makes me feel good.

I think about it when im getting ready for work.  I like the title.  It sounds super sexy and motivating.

I think this thread needs to stay near the top.

The power of suggestion in seeing this thread Title in the list will only help Bitcoin grow.

You'd be amazed how people are manipulated by the power of suggestion.

[BitChick]

I don't feel as wealthy as I did yesterday unfortunately. 

Maybe next week we will be on another rally though.

[playtin]

I don't feel as wealthy as I did yesterday unfortunately. 

Maybe next week we will be on another rally though.

As human we only perceive changes. So if you would be constantly very wealthy without any change, you would no longer feel it. But with Bitcoins you can feel it fresh again every other week, sometimes day. See? Bitcoin rocks

[2double0]

Guys it will slow down eventually. We cant ALL be millionaires lol

The US alone has several million millionaires, what's the impact of a potential 2.1 million more (assuming around 100k BTC valuation) globally, really. Not much.

It would be significant actually. imo

[wachtwoord]

At the same time, the destruction of the legacy financial system will send stocks and real estate to all-time lows.

I doubt it. Stocks and real estate are tangible wealth. Currency is merely something used to purchase wealth.

Indeed, I imagine prices as depicted in the fiat would go way up.

[SlipperySlope]

This thread is like a room of wonders in the fantasy palace aspect of the bitcoin speculation phenomenon.

The top post should be enshrined.    https://bitcointalk.org/index.php?topic=12156.msg169751#msg169751

The world just isn't going to be the same and we have been blessed as the pioneers.

Fittingly, it was written during the rational exuberance leading up to the greatest bitcoin bubble. Word was spreading, and the bold assumption that a digital virtual currency could replace the world's financial infrastructure, allowed calculations estimating the fantastic ultimate valuation of a bitcoin. At the time, miners and speculators active on this forum routinely held 50 or more bitcoins.

The irony of the anonymous author's vision is how much longer it would take for growing number of speculators to get the message.

But here we are today, at the threshold of the milestone $1,000. Think about safeguarding, accumulating, transacting your resources for the benefit of your loved ones, and perhaps too, some significant purpose.

[BitChick]

I don't feel as wealthy as I did yesterday unfortunately. 

Maybe next week we will be on another rally though.

As human we only perceive changes. So if you would be constantly very wealthy without any change, you would no longer feel it. But with Bitcoins you can feel it fresh again every other week, sometimes day. See? Bitcoin rocks

There is something to be said about enjoying the journey for sure!  It is so weird waking up day after day to amazing growth.  We are still so new to this it is almost shocking.  I keep thinking and waiting for this huge crash back to reality but then we had this supposed "crash" this week and we are still well above our initial investment.  We are relatively late to this too.  I can only imagine what it is like for some of you that bought coins in the $1-$10 range and held until now.  Crazy.

But part of the fun of all of this is the anticipation for sure.  Even if Bitcoin does not reach the super high milestones predicted by some, it has been way too much fun so far!  Almost addicting really.  I might need some therapy here soon.

[BitChick]

Let's keep it real in here

It ain't over till the fat lady sings...

I hear the fat lady warming up though.    

[cypherdoc]

Let's keep it real in here

It ain't over till the fat lady sings...

I hear the fat lady warming up though.    

out of curiosity, is Bitchickshusband, really your husband?