I own BTC and part of me doesn't want it to reach $10,000 because

[xDan]

I guess too many ppl have 100 coins and wait for 10,000 so they call themselves millionaires.

If you guys reach 1M, think of this: that kind of money is JUST ENOUGH for a great life for you and your loved ones. I can go into details but I'm not sure anyone will listen.

I'm listening...

gotta plan for those bajillion dollar bitcoins!

[wobber]

I guess too many ppl have 100 coins and wait for 10,000 so they call themselves millionaires.

If you guys reach 1M, think of this: that kind of money is JUST ENOUGH for a great life for you and your loved ones. I can go into details but I'm not sure anyone will listen.

1M is not enough in most 1. world countries.
With 1M an average joe can live approx 10 years (with family).
You can't quit your job with 35 with only 1M. You had to live like a spartan.

1M is the job wage of the average worker in 20 years. With a bachelor, masters degree or a phd you will earn 1M in less than 10 years.

10M is a good sum to live a decent life. Not a great one, but a good one.

Bet me 1 coin I could show you how to live with exact 1M?

[Hyena]

Oh, that "*** BTC" car number plate idea is totally cool I must do it too

OP you have not beaten the game of life, even if you get your bitcoin millions you will still face many challenges. money solves nothing, only opens new opportunities for your conscious to expand and express itself. to me bitcoin wealth is more of a jumping board than beating the system. I will still have to find the true love of my life and continue evolving into a better being.

However, some dude previously said it already but I'd like to emphasize it: with bitcoin wealth I can work on my own software projects and do stuff that I am passionate about without having to put all of my creative energy into the system that has enslaved us all.

[Spaceman_Spiff]

I think of it like this: once Im a bitcoin millionaire, I'll have enough money so that I can feel comfortable quitting my day job. Once I've done that then I'll have the time/freedom/energy to be able to do independent contracting, start my own company, do more/better day tarding, and make brilliant inventions, which will truly make rich. Bitcoin was only the tool to release myself from bondage but it is not everything.

Agreed, although a couple of years living the good life and doing random fun stuff would probably also be part of the package for me :-).

With a bachelor, masters degree or a phd you will earn 1M in less than 10 years.
10M is a good sum to live a decent life. Not a great one, but a good one.

Dude, you are making it sound like it is easy earning that amount of money.  It might be for some people, and in some sectors, but that's definitely more than "normal".  

[Richard Branson]

Bet me 1 coin I could show you how to live with exact 1M?

Bet accepted. I chose the country and deliever the facts (costs of living, tax, ...).
1 Million is not enough, not for a family with a wife and 2 kids.

Alone it's possible, but that won't be fun.

Dude, you are making it sound like it is easy earning that amount of money.  It might be for some people, and in some sectors, but that's definitely more than "normal".  

There are countries with an average job wage of 50-60k USD. AVERAGE! That means including the toilet cleaning boy.
And yes, that's 20 years of working (average).

There are a lot of jobs that get the 1M earned (not to save) in less than 10 years.


BTW: Dont quote out of context! It's dependant on the country. I stated that in my posting. In a 3. world country you won't earn 1m even with a PHD.

[byronbb]

You can go ghetto rich and buy a Ferrari from 1991.

http://vancouver.en.craigslist.ca/van/ctd/4269042289.html

[sgbett]

You can go ghetto rich and buy a Ferrari from 1991.

http://vancouver.en.craigslist.ca/van/ctd/4269042289.html

Thats awesome. If I ever get a ferrari, it would be one of these old ladies

[paratox]

If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Henry Ford

Money is not the answer... it's just a tool to get by.


And for all the enthusiast who are glued to the charts/forums:

It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.
George Lorimer

[Dragonkiller]

op: when we get to $10k, you will celebrate for a couple of days, then you'll be back on here waiting for $100k. don't worry too much 

[Siegfried]

I guess too many ppl have 100 coins and wait for 10,000 so they call themselves millionaires.

If you guys reach 1M, think of this: that kind of money is JUST ENOUGH for a great life for you and your loved ones. I can go into details but I'm not sure anyone will listen.

1M is not enough in most 1. world countries.
With 1M an average joe can live approx 10 years (with family).
You can't quit your job with 35 with only 1M. You had to live like a spartan.

1M is the job wage of the average worker in 20 years. With a bachelor, masters degree or a phd you will earn 1M in less than 10 years.

10M is a good sum to live a decent life. Not a great one, but a good one.

but how much of that $1m earned with ten years of work is saved? also $100k a year for 10 years is not the same as $1m today. It would be better to have $1m today than $2m in 10 years.

but yeah definitely $1m isn't what it used to be

If a person has 1 million dollars today, he should be able to invest that money well enough to ensure a steady stream of income, at least 50,000 dollars per year, to live comfortably, if not luxuriously, for the rest of his life.

[CoinGeneral]

yeah... you'll win at life if it reaches 10,000 each.

No questions asked.

[JMAHH]

If all it takes to win at life is make a little money with Bitcoin... I don't think we share the same concept of life.

[CoinCidental]

what exchange are  you going to trust when it comes time to cash out your "fortune " in btc ?

at the moment i wouldnt trust any of them with more than pocket change ,if a bitcoin ever reachs 1 mil $.......
would you still send it to a foreign exchange ?

[kingcrimson]

I am already there at $1K, and to OP, I did feel a little of that at first. What you realize is $$ isn't an end game. Sitting around with $$ will eat you away. So figure out what you want to do with it, what creative, productive pursuit or business, or venture. Then you will see your lifes work has only begun,

[shmadz]

I drove by 3 guys today putting up a Bitcoin Brains sign on 97th street in Edmonton today. Right by the Hope Mission and many other shelters and charities, soup lines etc... I wanted to pull over and ask them what the hell they were doing but there were no parking spots I drive all over the city for work, I will definitely drop by there soon.

When I got home I googled it and found this.

http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.html

Not a mention about the Edmonton shop, from the looks of it the one here is not open for business yet.

But what really struck me is that I'm glad the Edmonton one is in one of the most needy areas in town, (although it is pretty much Chinatown for us... maybe Chinese miners?) But I'd much rather see the store there than where that one is in Calgary (looks like a boutique type area, similar to Whyte Ave in Edmonton)

Can you imagine the press if you gave all those bums cellphones with wallets that people walking by could drop a few satoshis as they walk by?

Can you imagine the profits for this store when all those bums go to cash out?

Which leads me to...


The Reason I don't want bitcoin to reach $10,000.

I feel there is too much focus on the price, and how can we get rich - let's get in bed with the regulators and take this to the moon!.

Just listen to this Andreas guy, he's bringing up some points we should be paying more attention to.

http://www.youtube.com/watch?v=HYfY7n6sjS4    <-part 1

http://www.youtube.com/watch?v=5sSVVix1EgQ    <-part 2

I would love to see it crash like after the 30 dollar bubble, but I just can't see that happening at this point.

[Dafar]

Bet me 1 coin I could show you how to live with exact 1M?

Bet accepted. I chose the country and deliever the facts (costs of living, tax, ...).
1 Million is not enough, not for a family with a wife and 2 kids.

Alone it's possible, but that won't be fun.

Dude, you are making it sound like it is easy earning that amount of money.  It might be for some people, and in some sectors, but that's definitely more than "normal".  

There are countries with an average job wage of 50-60k USD. AVERAGE! That means including the toilet cleaning boy.
And yes, that's 20 years of working (average).

There are a lot of jobs that get the 1M earned (not to save) in less than 10 years.


BTW: Dont quote out of context! It's dependant on the country. I stated that in my posting. In a 3. world country you won't earn 1m even with a PHD.

In USA 50-60K salary is above average... no toilet cleaning boy gets this kind of money what country are you from?? Saving up $1M in capital is no easy task at all, most people even in America won't ever achieve that. Where do you live, Denmark?

And $1 million is not enough for a family w/ 2 kids? What... where are you getting these ideas from??

I am already there at $1K, and to OP, I did feel a little of that at first. What you realize is $$ isn't an end game. Sitting around with $$ will eat you away. So figure out what you want to do with it, what creative, productive pursuit or business, or venture. Then you will see your lifes work has only begun,

You have a million dollars worth of bitcoin?

[TERA]

what exchange are  you going to trust when it comes time to cash out your "fortune " in btc ?

at the moment i wouldnt trust any of them with more than pocket change ,if a bitcoin ever reachs 1 mil $.......
would you still send it to a foreign exchange ?

Well exchanges are the only reason I have a btc "fortune" to begin with. Without trading, I would have 100x less coins than I have now.

[mskryxz]

ok guys im not depressed anymore if bitcoin hits 10k

i found a job i will be able to do full time once bitcoin hits 10k

since the best option to cash out without paying taxes is to sell it in person without an electronic trail, then i guess the only way is to make it a full time job selling bitcoins locally on craigslist/localbitcoins for cash at small amounts lmao

imagine trying to turn your 10 million dollar bitcoins into physical cash without paying taxes. you would have to sell bitcoins in person via craigslist/localbitcoins probably for 2 years 24/7 ?? hahah
just a thought

[shmadz]

ok guys im not depressed anymore if bitcoin hits 10k

i found a job i will be able to do full time once bitcoin hits 10k

since the best option to cash out without paying taxes is to sell it in person without an electronic trail, then i guess the only way is to make it a full time job selling bitcoins locally on craigslist/localbitcoins for cash at small amounts lmao

imagine trying to turn your 10 million dollar bitcoins into physical cash without paying taxes. you would have to sell bitcoins in person via craigslist/localbitcoins probably for 2 years 24/7 ?? hahah
just a thought

don't laugh your ass off just yet

http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.html

pretty sure that's exactly what these guys are doing. mine bitcoin and sell it on the streets.

[mskryxz]

I know it's already been said but just wanted to throw it out there one last time.

So, if you are the type that believes in Bitcoins and Holds instead of trying to play the market, you are better off selling it in person/craigslist/localbitcoins to avoid the taxes.

However, if you are the type that buys low, sells high, plays the market, buys back in etc., then yeah keep buying and selling on the exchange.

If you bought a Bitcoin for example at $10 and it is now $10,000 and you don't play the market. IF you wanna save money, sell that $10,000 bitcoin slowly in real life to people. Don't sell on the exchange.