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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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CAMOPEJB
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June 18, 2016, 12:58:55 PM |
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Id sell them all and retire with over 20m in usd. That is enough money for me and my family to live forever.
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InvestexMarkets
Newbie
 Offline
Activity: 28
Merit: 0
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June 18, 2016, 01:00:00 PM |
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Will never happen. Can't see it staying higher that say 300/400 for any length of time. if it did it would price the normal person out of bitcoin as a currency. It would be bad for 95% of users if it were to go that high..
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Bestwishes745
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June 18, 2016, 01:02:57 PM |
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Will never happen. Can't see it staying higher that say 300/400 for any length of time. if it did it would price the normal person out of bitcoin as a currency. It would be bad for 95% of users if it were to go that high..
Anything can happen in bitcoin and it will also happen, but no one knows that when will it happen, But I am sure when all of the bitcoins are mined and every person of the world adopt and use bitcoin then I think at that time that amount will be reached. |
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pandalion98 (OP)
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June 18, 2016, 01:04:53 PM |
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Will never happen. Can't see it staying higher that say 300/400 for any length of time. if it did it would price the normal person out of bitcoin as a currency. It would be bad for 95% of users if it were to go that high..
Hey. People were saying that a price increase will never happen when BTC was just worth a few cents. You sure it will never happen? |
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DeathAngel
Legendary
Offline
Activity: 3094
Merit: 1596
#1 VIP Crypto Casino
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June 18, 2016, 01:12:07 PM |
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Throw the biggest party that I've ever had, it'd be a dream come true.
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qiman
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June 18, 2016, 01:14:39 PM |
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I doubt that will ever happen in my lifetime as I am already 60 years old almost so we can only day dream in that respect but if I had one full bitcoin, that would be enough for us to retire in Phuket.
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RoommateAgreement
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June 18, 2016, 01:16:55 PM |
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this is as pointless as the other topic  but jokes aside in case bitcoin price reaches a very high price then i would only sell one of my bitcoins and enjoy the money and keep the rest for the time that i might need then just in case. |
Buying the dip...
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BitcoinPC
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June 18, 2016, 01:17:30 PM |
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If its really happen i will sell all my coins and live a happy life forever.  but the reality is that this is not possible in the current situation. Maybe something very unusual happens and some very tragic happen with the world economy that may result in that much rise in the price of bitcoins. Nevertheless every bitcoin holder wishes bitcoin to rise to $1M. |
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thend1949
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June 18, 2016, 01:22:53 PM |
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For me, i would.sell all my altcoin in trading site and cashout all of my invesment and i will convert all to fiat. And i think if the price of it will pump in that price it would dump also as soon as possible so i convert it as soon as possible so that if the bitcoin dump again il buy bitcoin again and wait that will happen again. |
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isen
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June 18, 2016, 01:36:05 PM |
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The answer is obvious i will sell most of my bitcoins,live a rich life and help as much people i can.But i doubt this will ever happen,sounds like a dream.
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drwtsn32
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June 18, 2016, 01:38:55 PM |
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Will never happen. Can't see it staying higher that say 300/400 for any length of time. if it did it would price the normal person out of bitcoin as a currency. It would be bad for 95% of users if it were to go that high..
But the question is "if" it happens. You have a point but that did not satisfy the question posted by OP. |
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drwtsn32
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June 18, 2016, 01:40:18 PM |
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I see a lot saying they would sell all their bitcoins. But I think if everyone sells their coins, the price will drop drastically.
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iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
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June 18, 2016, 01:41:37 PM |
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if it really happened then I would sell the entire bitcoin I have. I would buy a few computers and a computer system that can support the development of bitcoin. then I will be giving out the explanations and guidance to those who do not know bitcoin that they use every day.
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Hirose UK
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June 18, 2016, 01:41:58 PM |
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If it happened, I would sell all bitcoin I have and I would still collect the other bitcoin if it's possible, so I can save it for my children and my grandchildren. |
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PeRo
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June 18, 2016, 01:45:22 PM |
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Will never happen. Can't see it staying higher that say 300/400 for any length of time. if it did it would price the normal person out of bitcoin as a currency. It would be bad for 95% of users if it were to go that high..
The question wasn't will it happen, it's if it happened. This isn't speculation... I would probably throw a party since I would have more than 5500 EUR, and that is a really big amount of money for me, then I would of course cash out, I wouldn't like to risk 5500 EUR when I can cash out to fiat. I would buy stuff and invest for a business, it would be a jackpot for me, I would go from about 4 EUR to 5500 EUR. A shame it won't happen/ |
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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June 18, 2016, 01:50:07 PM |
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If Bitcoin was to miraculously hit $1m, chances are I would first figure out why it hit $1m (Economic collapse? Large investor buy-in? Governments buying Bitcoin as a strategic asset?) and then decide whether or not I would exchange my Bitcoin to USD and then retire relatively comfortably.
Assuming that the reason wasn't some sort of a collapse of a world economy, and it didn't look like the economy would collapse, I would more than likely exchange a good portion of my Bitcoin.
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bitcoineverything
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June 18, 2016, 01:53:45 PM |
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If it so happen that I still have my bitcoins at that time, I would buy myself real estate properties, and maybe cars.😄
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yesiam6
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June 18, 2016, 02:01:24 PM |
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Would buy a lot of blow and hookers
and downward spiral til im broke again
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
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June 18, 2016, 02:11:15 PM |
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I will go on early retirement for sure... I would like all the free time to put my full energy behind my hobbies and my family. We are bound by the fiat currencies to run like a rat in a wheel... going nowhere. Most people are so deep into debt, they will not even have money to retire some day. The inflation eats up most of your other investments and your pension funds, and you end up in a old age home, sucking up grants given to you by the government. Bitcoin at that price will make sure many of us do not end up there.  |
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