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Author Topic: I own BTC and part of me doesn't want it to reach $10,000 because  (Read 4411 times)
Bitbuy
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January 07, 2014, 07:07:48 AM
 #61

Also, it's the thrill of the ride which makes Bitcoin very attractive; not only financial gains...
600watt
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January 22, 2014, 11:36:38 AM
 #62

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.

wow. first post you did that i can agree to. it always pays out to not give up  Cheesy
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January 22, 2014, 12:07:18 PM
 #63

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

1) It will feel like I beat the game "Life"
2) No more going on the forums to speculate
3) No more threads speculating what the price will be

 Cry


becoming a bitcoin millionaire, even a multi millionaire is nothing to be ashamed of.  the 85 richest poeple own as much as the 3.5 billion poorest. compared to wealth like this, a few millions is less than nothing.

i grew up in very poor conditions. there were times in my life when (lack of) money was a severe and really depressing problem. if you never experienced being hungry but have no money to buy food, you weren´t there. if you never experienced not being able to pay the rent for the little flat you live with your wife and kid(s), you weren´t there.  

when november 2013 happened becoming "rich" was suddenly not completly out of reach forever anymore. there were moments when i questioned how/if i would have deserved this unexpected wealth. poverty is not just poverty. it is brainwashing also.
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January 22, 2014, 12:24:20 PM
 #64

$1 million USD won't go very far in Sydney or Vancouver or Whistler or Shanghai or Singapore or ...
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January 22, 2014, 12:48:14 PM
 #65

Then move ten miles out of town and live a better life.

1 million dollars is an exceptionally sweet cushion in the firstest of first world countries. You'd be leagues ahead of 95% of the population. Most people I know in the UK would be on the street within 1-4 weeks of their wage or benefits being cut off.

Elsewhere in the world that's the type of figure that could set up generations for comfortable lives. It's an amount of money that deserves a little more respect even when it's being inflated into oblivion.
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January 22, 2014, 02:50:27 PM
 #66

$1 million USD won't go very far in Sydney or Vancouver or Whistler or Shanghai or Singapore or ...

Yeah right.. the net worth of the average person in those areas is nowhere near 1 million. Also, almost all major cities in the world have dirt cheap areas, even in the West. So, you would still be richer than the vast majority, especially since wealth inequality has been growing for decades.
With 1 million US you have a nice capital base to start a company or invest in innovative companies and grow it even more. I would advise lucky early adopters to cash out their original btc portfolio around 1 million USD and not be greedy and wait for the music to stop playing or let bitcoin's volatility detriment your well-being.  


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kehtolo
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January 22, 2014, 02:55:56 PM
 #67

Then move ten miles out of town and live a better life.

1 million dollars is an exceptionally sweet cushion in the firstest of first world countries. You'd be leagues ahead of 95% of the population. Most people I know in the UK would be on the street within 1-4 weeks of their wage or benefits being cut off.

Elsewhere in the world that's the type of figure that could set up generations for comfortable lives. It's an amount of money that deserves a little more respect even when it's being inflated into oblivion.

I would agree with this. If managed properly, and not just seen as 10 years of $100,000 p.a. - then it could set you up for life and you'd end up with more than the million you started with.
What about starting a small (but ambitious) buisness. What about investing some of that into property, to give guarenteed lasting returns? There are many approaches you could take. But to think that people would just deposit $1M in the bank account, and then draw it down until it was all gone without using it to better themselves in some way is misplaced i think.

The next 24 hours are critical!
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January 22, 2014, 03:13:48 PM
Last edit: January 22, 2014, 03:33:40 PM by Blitz­
 #68

Trust me, once you're there, you will be working to keep it and acquire more. Also, money won't change you or your life as much as you think. It is certainly an "enabler" though.

You will most certainly continue browsing this forum. Cheesy
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