What are you going to do, when (if) bitcoin hit $1000/BTC?

[Ulysses]

What are you going to spend your millions on, when bitcoin hit $1000? Luxury consumption or something else?

[1714049692]

1714049692

[1714049692]

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[1714049692]

1714049692

[stic.man]

i wont be quite in the millions but i'll buy some rental properties and retire a slumlord!

[PwrLeveld]

Ummmm. I would dance for joy and tell my dad it wasn't a scam. If it were a scam the US would surely have sued or tried to destroy the network before then.

[tiberiandusk]

Pay off my student loans so the assholes will stop calling me.

[benjamindees]

If it were a scam the US would surely have sued or tried to destroy the network before then.

Bernie Madoff was a scam and instead of suing him they made him Chairman of the NASDAQ.

[PwrLeveld]

Yes, but if this type of operqtion was a scam someone would say child porn and the goverment would scramble to shut it down but would ultimatley fail. TOR anyone

[kgo]

Twins.

[PwrLeveld]

^
ROFL

[ColdHardMetal]

buy some rental properties and retire a slumlord!

This.

Pay off my student loans

and that.

[Shortline]

I believe I will buy some bitcoins at that point since they're a proven store of worth.

 

[kiba]

I will continue building my business and donate 10% of my profit to a charity dedicated to fighting aging.

[kinghajj]

I'd probably sell half of whatever I have by then for USD, and invest that somewhere (stocks? bonds? land?) The rest I'd keep, just in case the value goes up any more, and to spend in what I hope will be a vast Bitcoin economy

[NghtRppr]

What are you going to spend your millions on, when bitcoin hit $1000?

Buy new underwear.

[sirius]

Buy the government and turn it off 

[goatpig]

Hookers and blow, anyone?

[error]

Buy the government and turn it off 

My back-of-napkin numbers suggest that BTC will need to hit at least 1,000,000 USD to make this viable.

[tryptamine]

Sell interviews in the TV as a Bitcoin Expert Investor.

[wumpus]

Quit my job and only do open source development.

[RTJakarta]

Be pretty well off, at least.

[SgtSpike]

Meh, that'd only be about 23 grand for me at this point.

I suppose I'd put it towards my student loans.

[dingus]

I will not worry about making money in order to feed / support myself. 

[joeydangerous]

I don't have enough coins yet to become a millionaire, but I'd do the same as dlingus, I'd quit working and live my dream of drawing a webcomic full time and also make a video game at some point.

[asdf]

Pay off my student loans so the assholes will stop calling me.

If you loans are at a fixed interest rate, pay them off as slow as possible. Inflation will eat it up and, assuming you're in the USA, you're gonna get some serious inflation!

[gigabytecoin]

A good quote I once heard went something like this...

"A man who dreams of what he will spend his millions on, will never acquire a million dollars."

More of a proverb I suppose. Think about it.

[theymos]

I'd use it to make more money. Probably I'd start a business or two.

I can't think of many luxury things I want, though I have always wanted an ISP-level Internet connection with a large block of IP addresses. Once I become even more rich, I might buy an island.

[FreeMoney]

I'd use it to make more money. Probably I'd start a business or two.

I can't think of many luxury things I want, though I have always wanted an ISP-level Internet connection with a large block of IP addresses. Once I become even more rich, I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

[marcus_of_augustus]

1) Build up a private lab for developing interplanetary spacecraft propulsion, compact energy sources and esoteric aerospace technologies.

2) Build up a stable of racehorses and an associated breeding stud.

3) Dabble in yacht racing.

4) Corner what's left of the gold market.

5) Hookers and blow ... on the weekends only (or on trips to Langley).

[stakhanov]

Quit my job and only do open source development.

Same here. This has been my dream for a while

[deadlizard]

Hookers and blow, anyone?

+1
Hookers and blow

[caveden]

I might buy an island.

That! Or even better, build my own seastead.
But I don't think a $1000 bitcoin price would be enough for me to do so. I don't have that many bitcoins, unfortunately.

[no to the gold cult]

Buy the government and turn it off 

Um, isn't that what the Koch brothers are already attempting to do?

I'd pay off debts, throw a wild party, and go travel through India and Thailand for a year.

[ribuck]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

[FreeMoney]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

I'm in. See you next year?

[marcus_of_augustus]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

Pick one that is a relay station for some fiber cable for good internet ... close to flight/shipping routes may make it more desirable also.

These ones only have 609 residents and dropping ....

http://en.wikipedia.org/wiki/Chatham_Islands#Population

Fiji is a relay point for fibre crossing but is ruled by a power-mad general at present ...

[theymos]

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

If we can get very high-speed Internet, count me in!

[caveden]

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Cool, I'd join. The problem is that existent islands are all controlled by governments. I think it's easier to create a seastead, if you want freedom. Technology for that already exists, the only thing missing is either rich people wanting to "retire" like that, or a business model good enough to maintain such seastead - and brave entrepreneurs wanting to take the risks.

[caveden]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

There are fully inhabited islands around the world, if you want. But all controlled by governments.

I'm a bit skeptical about this idea of "taking over" a country with immigration. I think people would react badly to that. Nationals may easily turn against you. They'd see this as a foreign invasion.

[deadlizard]

http://www.privateislandsonline.com/

[TiagoTiago]

I'd probably shower myself with expensive gadgets and toys, among other things

[TiagoTiago]

If Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

 ... like the Free State project. I've wondered about the feasability of doing this ... Some of these smaller Islands only have a few thousand residents, the outer ones sometimes less. If a group of "free staters" showed up in numbers they could just make the the place its own nation, zero taxes, gold/bitcoin, internet private banking, poker servers, etc .... then what they get blacklisted as a 'non-compliant country' ... so what?

There are fully inhabited islands around the world, if you want. But all controlled by governments.

I'm a bit skeptical about this idea of "taking over" a country with immigration. I think people would react badly to that. Nationals may easily turn against you. They'd see this as a foreign invasion.

Just buy a couple mansions on a mainland nearby for everyone.





For people really interested in not dealing with existing governaments at all, if you get like the-IMF-borrows-money-from-you rich or somthing, perhaps you could invest in research for developing means to guide underground magma flows so you can grow your own island (after Sealand they changed the rules so you can just build soil for your new country, but i guess if you had your own volcano lair in the middle of the ocean that was created the same way many accepted sovereign lands have, they might have a hard time coming up with an argument against your own sovereingnity(sp?), and if all else fails, you can hold the world hostage anyway since you now can make volcanos grow into their comercial centers and shit *raises one eyebrow and sticks a pinky in the corner of his smirk*

[marcus_of_augustus]

Strange as it may seem ... well yes, they are making more land ... 657 new Islands to be exact ....

If they are in International waters then they are free game ... but be quick.

http://news.yahoo.com/s/livescience/20110419/sc_livescience/657newislandsdiscoveredworldwide

 Here's something you don't see every day — hundreds of new islands have been discovered around the world.

The Earth has 657 more barrier islands than previously thought, according to a new global survey by researchers from Duke University and Meredith College in Raleigh, N.C.

The researchers identified a total of 2,149 barrier islands worldwide using satellite images, topographical maps and navigational charts. The new total is significantly higher than the 1,492 islands identified in a 2001 survey conducted without the aid of publicly available satellite imagery.

[Zerbie]

Spend my state sponsored currency as needed to survive.  Find volunteer projects to help with.  Buy things with BTC only if I need to, and wait for the price of BTC to reach 100+K.

[Tukotih]

Hookers and blow, anyone?

Haha, blow ain't my thing but hookers, weed and acid would be nice
But first of all I would do my best to become self-sufficient, so I won't have to worry about money that much in the future.

[Comepradz]

1. Build more efficient miner
2. Build my own lab for researching AI
3. Having fun with whoever I want
haha

[JohnDoe]

Hookers and blow, anyone?

+1
Hookers and blow

What about slaves and blow?

But in all seriousness, I'm ditching my body and becoming a robot. I'll have to wait for $100K/BTC for that though.

[kiba]

But in all seriousness, I'm ditching my body and becoming a robot. I'll have to wait for $100K/BTC for that though.

Let become cyborgs!

[AtlasONo]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

[deadlizard]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

Well at least we know someone will be buying our worthless paper at $1000 

[rezin777]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

Easy, people who want to get some coin while it's still cheap.

[eleuthria]

First I'd slap myself for the hundreds (nearly thousands) of coins I sold for less than $5.  Then I'd shrug it off and hope my mining pool can generate $1000/day in donations, transaction fees, and rounding .

[JohnDoe]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

Anybody in their right mind would buy at that price as bitcoins are actually worth infinity dollars. You can thank me later for saving you a fortune.

[mewantsbitcoins]

Everybody who wants to live on an island, I think we should all chip in so we don't have to wait that long.
Here's my take on how life should be:
https://www.bitcoin.org/smf/index.php?topic=6297.msg100801#msg100801

[dacoinminster]

I have a background in trading speculative stocks, and I can tell you that this kind of speculative price explosion usually collapses back to nearly nothing eventually (thanks Timothy Sykes).

However, I have my own reasons for believing that bitcoins won't collapse, and may in fact reach the astronomical values people are dreaming about. I'm keeping those reasons to myself for now until I get a chance to gather more bitcoins.

$1000/bitcoin won't make me filthy rich, but I might be rich enough to quit my day job and devote the rest of my life to ministry, raising my kids (and maybe foster kids?), and developing bitcoin-powered websites.

I'm going to step out on a limb and make some predictions about bitcoin price increases:

1) A lot of kids with graphics cards are going to get a LOT of spending money just because they saved the few bitcoins they mined after reading about it in a forum somewhere
2) The term "bitcoin billionaire" is going to become somewhat commonplace, and will refer to someone who became a billionaire through bitcoin investment.
3) The world's first trillionaire (by USD valuation) will be one of the first big investors in bitcoins.
4) This will all happen WITHOUT the collapse of the US dollar, and without bitcoins becoming a commonplace way to pay at the grocery store.

I guess we'll see if I'm right.

Note for posterity: current bitcoin price is in the $5-$6 range after a big run-up.

[deadlizard]

4) This COULD all happen WITHOUT the collapse of the US dollar

FTFY

I think a collapse of the dollar is inevitable, and very close

[proudhon]

$1000/bitcoin won't make me filthy rich, but I might be rich enough to quit my day job and devote the rest of my life to ministry, raising my kids (and maybe foster kids?), and developing bitcoin-powered websites.

That's sounds filthy enough.   

[deadlizard]

$1000/bitcoin won't make me filthy rich, but I might be rich enough to quit my day job and devote the rest of my life to ministry, raising my kids (and maybe foster kids?), and developing bitcoin-powered websites.

That's sounds filthy enough.   

I wouldn't go so far as to call it filthy but it's definitly dirty 

[MoonShadow]

4) This will all happen WITHOUT the collapse of the US dollar, and without bitcoins becoming a commonplace way to pay at the grocery store.

I'm guessing you think that Bitcoins could become the next defacto international reserve or common trade currency.  I think that the quantum leap in transaction costs versus current systems is so dramatic that most fiat currencies might not even have a reason to exist. In which case, the US FRN, the Euro, the Pound, etc don't collapse so much as fade away.

[PwrLeveld]

Buy the government and turn it off 

Have fun buying CHINA.

[dacoinminster]

OK - I can't stand holding onto the idea any longer. I posted my logic why I think bitcoin price increases are just getting started:

http://bitcointalk.org/index.php?topic=7985.0

[marcus_of_augustus]

$1000/bitcoin won't make me filthy rich, but I might be rich enough to quit my day job and devote the rest of my life to ministry, raising my kids (and maybe foster kids?), and developing bitcoin-powered websites.

That's sounds filthy enough.   

I wouldn't go so far as to call it filthy but it's definitly dirty 

You guys need to get a stand up routine ... that was good.

Filthy, dirty, messy, pig-sty wallowing rich ... huh?

[kelvie]

Quit my job and only do open source development.

Same here. This has been my dream for a while

Me three

Although I may ease out of it with some part time work...  I don't think this is an uncommon dream among programmers.

[marcus_of_augustus]

We need a pass-phrase exchange to get on The Island:

1)
Query; "How goes the bitcoin mining?"
Answ: "Does it worth it?"

2)
Query; "Are you ever gonna spend those bitcoin on anything?"
Answ: "Hookers and blow"

3)
Query: "Nothing more valuable than bitcoin."
Answ: "Nothing except carrots"


Phrases can be, and should be, asked in random order, need to be letter perfect, and salted into a typically idle conservation one might have with a stranger at your average island heliport.

[mewantsbitcoins]

We need a pass-phrase exchange to get on The Island:

1)
Query; "How goes the bitcoin mining?"
Answ: "Does it worth it?"

2)
Query; "Are you ever gonna spend those bitcoin on anything?"
Answ: "Hookers and blow"

3)
Query: "Nothing more valuable than bitcoin."
Answ: "Nothing except carrots"


Phrases can be, and should be, asked in random order and need to be letter perfect.

Gonna tattoo that on my forehead 

[PwrLeveld]

Unless you have a fivehead I son't think it will fit.

[no to the gold cult]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

It's only $1 for 0.001 btc.

[rezin777]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

It's only $1 for 0.001 btc.

It's all about perspective! Good observation.

[Apolo29]

Is possible that sometime 1btc=U$S1000?

Which are the chances?

[mewantsbitcoins]

Is possible that sometime 1btc=U$S1000?

Which are the chances?

Well just do the math yourself:
How many people there are?
How many bitcoins there are?
How many bitcoins would a single person want/would be able to obtain?

After few simply calculations, you'll figure out the value

[Apolo29]

Is possible that sometime 1btc=U$S1000?

Which are the chances?

Well just do the math yourself:
How many people there are?
How many bitcoins there are?
How many bitcoins would a single person want/would be able to obtain?

After few simply calculations, you'll figure out the value

Considering that the question is
Will people take bitcoin as worldwide coin?
Really hope so...

[theymos]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Ready to buy that island?

[anarchy]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Ready to buy that island?

[bruffin1]

*but son it will never reach $1000* in dads voice

oh it just did, congrats to all you new millionaires!

[tokyoghetto]

Hookers and blow, anyone?

+1
Hookers and blow

This +1.

not even joking

[LordMeowMeow]

I will continue building my business and donate 10% of my profit to a charity dedicated to fighting aging.

update?

[allthingsluxury]

Very funny

[cschmitz]

bling bling

[DrahogErusiel]

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC

It's only $1 for 0.001 btc.

1000 a share does not seem that much if you consider the 21million cap compared to how many units of most currency are generated. 

[DrahogErusiel]

*but son it will never reach $1000* in dads voice

oh it just did, congrats to all you new millionaires!

yes! congrats! now help us put paypal out of business.

[cr1776]

Yes.  

100% for now. :-)

Is possible that sometime 1btc=U$S1000?

Which are the chances?

[eratta]

I'll just leave this here...

http://www.privateislandsonline.com/

[smoothrunnings]

What are you going to spend your millions on, when bitcoin hit $1000? Luxury consumption or something else?

I am waiting until BTC hit's $100,000 CAD before I think about spending even 1 of my BTC's.

[501]

I did nothing when bitcoin hit $1000 (well, I bought more). I'm not really planning to "cash out" as I think more and more merchants will just start accepting bitcoin over time as the price continues to rise anyway.

I would probably sell a few if it hit $10,000 just to have some USD as a safety net.

[Dafar]

I'm gonna buy 10 more and hope it hits $2000+

Then buy 10 more and hope it hits $10000+

[marcus_of_augustus]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.

It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Ready to buy that island?

Yes!

If I put in a third, and you and FreeMoney each contribute one-third, we can go ahead.

Now we just need to decide whether it's going to be Tasmania, Madagascar, Cyprus, Madeira or Jamaica. Galts Gulch Chile is looking good too, although it's not an island.

watching .... for a great island of freedom to spring up somewhere

[techstorm2]

Nothing!, as i mined them all i havent lost anything if they drop. I'll continue mining and if/when they hit 100K i'll sell a couple and retire from my boring job.

[superresistant]

... I might buy an island.

Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years.

One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite.
It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet.

Ready to buy that island?

Yes!
If I put in a third, and you and FreeMoney each contribute one-third, we can go ahead.
Now we just need to decide whether it's going to be Tasmania, Madagascar, Cyprus, Madeira or Jamaica. Galts Gulch Chile is looking good too, although it's not an island.

watching .... for a great island of freedom to spring up somewhere

I own island and some motu in South Pacific in French Polynesia.

I will sell for Bitcoin.

Interested anyone ?

[Georgio]

That one looks good: http://www.privateislandsonline.com/islands/young-island-resort

Cost 10,000 BTC. Better than pizza.

[LiteCoinGuy]

i guess the most people in 2011 dont hold their coins until today when the price hits 1000 USD...

you have to be a bad motherfucker to be so cool 

[Relian]

Passed 1000, going on to 1500 for sure!