In your opinion, what price point is "Da moon"?

[chennan]

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?

[Spider-Carnage]

Try to understand the truth. There is no moon.

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

[VirosaGITS]

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?

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.

[chennan]

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?

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?

[VirosaGITS]

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?

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.

[dothebeats]

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.

[pitbully2000]

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  ;-)

[Amph]

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

[Mickeyb]

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!

[VirosaGITS]

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.

[randy8777]

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.

[1Referee]

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.

[mindrust]

600$ would rock a lot of peoples socks off.

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

[MataKhobRazi]

The moon is 1 million $ per BTC

[talks_cheep]

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.

[--Encrypted--]

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.

[jt byte]

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.

[gentlemand]

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.

[richardsNY]

My guess in the range of $2000.

[NorrisK]

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