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Author Topic: What are you going to do, when (if) bitcoin hit $1000/BTC?  (Read 9857 times)
marcus_of_augustus
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May 11, 2011, 01:43:54 PM
 #41


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.

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Zerbie
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May 11, 2011, 02:14:02 PM
 #42

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
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May 11, 2011, 02:29:25 PM
 #43

Hookers and blow, anyone?
Haha, blow ain't my thing but hookers, weed and acid would be nice Wink
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.

Donations always appreciated: 1GkRu9rZxk5iMRzsrcZxZ3BUHV1SWNZ9RB
IMPORTANT! Switch from deepbit: http://forum.bitcoin.org/index.php?topic=8653.0
Comepradz
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May 11, 2011, 02:40:36 PM
 #44

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

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JohnDoe
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May 11, 2011, 02:44:30 PM
 #45

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
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May 11, 2011, 02:46:47 PM
 #46


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
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May 11, 2011, 03:33:28 PM
 #47

Spend all my BTC figuring out who in their right mind would buy BTC at $1000/BTC
deadlizard
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May 11, 2011, 03:37:50 PM
 #48

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  Wink

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

rezin777
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May 11, 2011, 03:39:59 PM
 #49

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
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May 11, 2011, 03:46:34 PM
 #50

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 Wink.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
JohnDoe
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May 11, 2011, 04:00:37 PM
 #51

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
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May 11, 2011, 06:08:55 PM
 #52

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
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May 11, 2011, 06:34:20 PM
 #53

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
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May 11, 2011, 07:05:57 PM
 #54

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

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
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proudhon
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May 11, 2011, 07:09:42 PM
 #55

$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.   Grin
deadlizard
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May 11, 2011, 07:11:02 PM
 #56

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

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
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MoonShadow
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May 11, 2011, 07:19:19 PM
 #57

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.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
PwrLeveld
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May 11, 2011, 07:27:03 PM
 #58

Buy the government and turn it off  Smiley
Have fun buying CHINA.
dacoinminster
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May 11, 2011, 08:38:36 PM
 #59

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
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May 11, 2011, 09:39:16 PM
 #60

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

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

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

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