So, how do exactly do coiners plan to "cash out" their

>>1851988
localbitcoins.

sell them

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>>1851988
>cash out

Sell them to nocoiners.

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>>1851998

this

Dunno whos gonna buy 1 BTC for 10k, most likely some buisness owners

Or we could just sell .01 btc at a time

Or actually use the btc to buy shit online

>>1851988
selling them until they are sold

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>>1851988

>>1852071
At that price, they'll probably talk about buying 1 mBTC for $10.

But really, this:
>>1851998
Coiners will simply spend them, since they will be a widely-adopted means of exchange.

>>1852071
10k worth of bitcoin just means they will be able to buy 10k worth of whatever through bitcoins.

Just like now you can buy 1k worth of coke on silkroad

>>1852162
You could buy 10k btc worth of theoretically a lot of USA, and then use that to buy anything.

Seems a little more exciting than you make it out to be.

>>1851988
Two ways:
>have bitcoin
>sell bitcoin for cash
>???
>profit

or

>have bitcoin
>trade for gold
>hold/sell gold
>avoid taxes
>sell off little by little at pawn shops and gold shops

>>1852106
Accurate

>>1852011
i really wanna swag that girl out
dress her up with gold chains and rapper clothes

not sure why

>>1851988
Well, I will sell em as I bought em. Mt Gox is trustworthy exchange. Its too big and interconnected to fail.

>>1852577
What is she meaning to symbolize anyways?

>>1852246
>>1852162
>>1852071
Idiots ITT. You can sell them for regular FIAT currency at kraken, coinbase, localbitcoins etc etc

>>1852108
How do you know that? Sounds like a bunch of romanticised rubbish to me. Once the banks develop their own cryptocurrencies the bubble will pop and you guys will look like idiots. Cash out and make your gains while it's worth it

>>1852672
>Once the banks develop their own cryptocurrencies the bubble will pop

BTC as fiat money replacement? Uncertain.
Demand for decentralized currency? There already is.

So it doesnt matter if institutions make their own cryptos. It doesnt compete with BTC.

>convert my Bitcoin stash to cold hard cash
>Go to bank and request thousands of pennies in exchange for cash
>Shove pennies up butt one at a time until no more will fit
>??????
>Profit!

>>1852828
What a poorly thought out joke.

>>1852853
Dont feed him (You)s

>>1852672
>Once the banks develop their own cryptocurrencies

that would have no effect on Bitcoin whatsoever ,Bitcoin exists for a reason and has certain attributes that give it its value.

probably off load some into the meme coins that provide no value but still go up 50,000%..
MiloCoin looks thicc

How much will a bitcoin be worth in 5 years?

>>1854015
around 10k

>>1854037
So what are bitcoiners waiting for? for most regular currencies to go bust and bitcoin becoming the main currency for goods exchange?
How much would a bitcoin be worth in today;s dollars?

>>1854063
Bitcoin's value consists of many things, but as the mining difficulty increases the value will increase by default. Bitcoin will be worth about 40k when there's only a few coins left to mine, but that's going to happen in almost 100 years from now... I wouldn't hold my breath.

>>1854078
But thats not the main importance of the currency's worth. What will impact its value to a much greater extent is how much use it has and how many people are interested in using it and getting it.
If suddenly everything can be bought using bitcoin its demand and value shoul sky rocket.
ATM its price is mostly built on hording and speculation as its not a widely used currency..
The price is built on a suspecious that it might become an officialy and widely used currency.
For example after SEC's ETF Refusal the price of the coin dropped but if it would have been accepted its price would immediately sky rocket as a result of expectation of a serious increase in demand.

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>>1851998

>>1854100
>that's not the main importance
Yes it is, the electric bills it takes to find bitcoins are what set the default price so high, because of its difficulty. Sure if demand was higher there would be less coins around, but you can tell miners have their eyes set on a price then dump hundreds of coins every month because they have to pay bills. That's when you see those huge dips when the price starts to go up.

>>1851988
If in the US, anything but fiat; since they are classified as property, there is no tax for exchange to say, gold.

>>1854106
Gold

>>1851998
How am I going to buy food at the grocery store with bitcoin?