Future Bitcoin millionaires - will you cash out when you hit $1M?

[dmartig]

if you go to the cia fact book and look up narrow money you will find that
bitcoin if it were the currency of a country would be ranked 125 one spot ahead of jamaica.
i would say the "experiment" is a resounding success. this just after 4 years. it will remove control of the planet from the banksters and
their toady governments. at its current rate of growth which is quite organic rather than irrational
there will be nowhere or reason to cash out to. this is a libertarians wet dream.
the citizens of the world taking control of their own money and creating it out of thin air.
the sheer genius of it leaves me in awe.

[1714189427]

1714189427

[1714189427]

1714189427

[Operatr]

if you go to the cia fact book and look up narrow money you will find that
bitcoin if it were the currency of a country would be ranked 125 one spot ahead of jamaica.
i would say the "experiment" is a resounding success. this just after 4 years. it will remove control of the planet from the banksters and
their toady governments. at its current rate of growth which is quite organic rather than irrational
there will be nowhere or reason to cash out to. this is a libertarians wet dream.
the citizens of the world taking control of their own money and creating it out of thin air.
the sheer genius of it leaves me in awe.

It is extemely fascinating to watch it happen in real time. BTC has the power to overwrite the system like a self propagating financial-flesh eating virus, and I think we all want that to happen. As the old world crumbles Bitcoin is here to pick up the pieces.

And it owns

[dmartig]

if you go to the cia fact book and look up narrow money you will find that
bitcoin if it were the currency of a country would be ranked 125 one spot ahead of jamaica.
i would say the "experiment" is a resounding success. this just after 4 years. it will remove control of the planet from the banksters and
their toady governments. at its current rate of growth which is quite organic rather than irrational
there will be nowhere or reason to cash out to. this is a libertarians wet dream.
the citizens of the world taking control of their own money and creating it out of thin air.
the sheer genius of it leaves me in awe.

OVERNIGHT THIS HAPPENED ..............BITCOIN WENT FROM 125 TO 119.  any forex traders out there?

[caveden]

OVERNIGHT THIS HAPPENED ..............BITCOIN WENT FROM 125 TO 119.  any forex traders out there?

Apparently you're not yet following this awesome thread: https://bitcointalk.org/index.php?topic=154954.0;all

[Stunna]

I know how people feel with regards to this but if you have a significant sum of money it would be dumb not to at least attempt to diversify some of it.

Easy come easy go, I've learned that the hard way.

[papa_snurf]

I'll be a millionaire when you'll be a billionaire .

I won't cash out for USD. I'll spend it on real goods. Like booze. One million dollars worth of it 

[ZeRo103]

Makes me smile how we are. Yes probably i feel a little bit down that i did not stayed in bitcoin world back in 2011 because i was paying more on electricity that on how much bitcoins i was making but ..... Do you guys really think that when the banksters realise what bitcoin becomes they will just stand there and wait for their demise. Like we already know that panic in 1907 thru witch they created "Federal" Reserve  was a scientifically created one by JP Morgan and CO and the same for Stock Market Crash of 1929 and same the rest in the last hundred years. They can come here buy an example of 5 mil bitcoin from all you that say will not sell (because let's admit everything has a price) and they still have a printing machine at the Federal Reserve Bank and then dump all that in next day or month whenever they want to and make this market crash to pennies and buy up the rest too. It's not going to be easy. I'm thinking let's improve the bitcoin system by creating more market acceptance and more alternative crypto-curency options because this fight is not even started yet. Remember the fear off losing everything in a blink of an eye makes people go against their better judgment.

And not to be off topic, I'm already a millionaire and a billionaire = I have a wife that I love and we have a 1 year and half old son and 3 month old daughter that I can not put a price tag on, we have our health and i'm the happyest man alive. Is not this that we all want to be/have (happynes) ?!!! I quess it all depends off what makes YOU happy, but remember you might wanna think about the majority of the Lottery Winners, how they end up dead or more broke than they were before they won in just a few years.

I wish you all to find your happyness, but i don't think the love of money is (don't matter crypto or paper). Let's put our minds to improve this, just forget about the money part.

[SgtSpike]

Makes me smile how we are. Yes probably i feel a little bit down that i did not stayed in bitcoin world back in 2011 because i was paying more on electricity that on how much bitcoins i was making but ..... Do you guys really think that when the banksters realise what bitcoin becomes they will just stand there and wait for their demise. Like we already know that panic in 1907 thru witch they created "Federal" Reserve  was a scientifically created one by JP Morgan and CO and the same for Stock Market Crash of 1929 and same the rest in the last hundred years. They can come here buy an example of 5 mil bitcoin from all you that say will not sell (because let's admit everything has a price) and they still have a printing machine at the Federal Reserve Bank and then dump all that in next day or month whenever they want to and make this market crash to pennies and buy up the rest too. It's not going to be easy. I'm thinking let's improve the bitcoin system by creating more market acceptance and more alternative crypto-curency options because this fight is not even started yet. Remember the fear off losing everything in a blink of an eye makes people go against their better judgment.

And not to be off topic, I'm already a millionaire and a billionaire = I have a wife that I love and we have a 1 year and half old son and 3 month old daughter that I can not put a price tag on, we have our health and i'm the happyest man alive. Is not this that we all want to be/have (happynes) ?!!! I quess it all depends off what makes YOU happy, but remember you might wanna think about the majority of the Lottery Winners, how they end up dead or more broke than they were before they won in just a few years.

I wish you all to find your happyness, but i don't think the love of money is (don't matter crypto or paper). Let's put our minds to improve this, just forget about the money part.

That's incredibly easy to say when you're a millionaire/billionaire.  I would LOVE to not focus on the money, but the reality is, if Bitcoin gets high enough to allow me to pay off my student loan debts and mortgage, it WOULD make my wife and I quite a bit happier, and less stressed.  I know that people say money can't buy happiness, and that is certainly true, but lack of money sure can buy a lot of stress, worry, and unhappiness.

That said, I certainly agree that we should always be thinking about ways to improve Bitcoin and the services surrounding it!

[yona]

Bitcoin is not an asset, it is currency, so one can't 'cash out' one can choose to hold his money in differnt currencies.
I believe bitcoin is a better way to keep money then FIAT currency.
But considering the expermental state of bitcoin, one should not put all of his eggs in one busket.
I say i would keep 90% of my bitcoins no matter what

[Dabs]

I'm guessing, the meaning of the question is more accurate when the value of your bitcoin holdings (1, 20, 100, or 1000) is equivalent to today's USD 1 Million, in value.

What I think that means is when your 100 or 1000 bitcoins in a few years can buy what 1,000,000 US dollars today, will you cash out? And by cashing out, that means buying something else other than bitcoins that is worth $1M today.

Certainly, you will see several people buying stuff they've always wanted but never could get, like toys, cars, vehicles, homes, sports equipment, etc.

[DrG]

I'm guessing, the meaning of the question is more accurate when the value of your bitcoin holdings (1, 20, 100, or 1000) is equivalent to today's USD 1 Million, in value.

What I think that means is when your 100 or 1000 bitcoins in a few years can buy what 1,000,000 US dollars today, will you cash out? And by cashing out, that means buying something else other than bitcoins that is worth $1M today.

Certainly, you will see several people buying stuff they've always wanted but never could get, like toys, cars, vehicles, homes, sports equipment, etc.

I'm can has nukez? 

Sorry, channeling my inner Dear Leader.

[Dabs]

I don't think you can buy a nuke for $1M. Well, maybe you can, but I'm more into conventional weapons like rifles, shotguns, and pistols. That and a small private army.