Bitcoin Forum

I am curious that in the hypothetical scenario of Bitcoin splitting into 2 (which is less and less hypothetical), or other big disasters (51% attack, quantum hackers,etc), where would you move your money? Bitcoin is currently the reserve currency, and it's safe to store in it some money, but if some disaster happens, then it will no longer be safe, so I am curious where people would go, what would be the alternative to BTC?

There are of course some of the top 10 coins, which would qualify in my view:

• Fiat Currency: Which is like cashing out of the crypto world, not really an alternative to BTC
• The majority chain: the split of BTC that would have the most nodes, miners, merchants and users behind it
• ETH: Which has the closest market cap to BTC, and the most users after BTC
• Ripple: Which has banking integration and a somewhat stable price
• LTC: Which is the closest to BTC in terms of code similarity
• Monero: Which is has privacy implemented in it
• Dash: Which is has low fees, privacy and a democratic consensus mechanism

So which one is it for you?

You mean fork?

I would just keep using Bitcoin.

o.O

I assume you're basically questioning what would we do if there was a fork that created an altcoin. I'd most likely keep my coins where they are, unless the altcoin in question proved to be significantly better than Bitcoin.

Yes but there would be a lot of panic, and we could end up with 2 coins like ETH and ETC.

So where would people put their coins then? The majority coin would be the default solution, but if it drops back to say 50$, then it would be a disaster.

So maybe diversify? This is what I am trying to find out here.

rational hat on. (i dont believe an intentional split should or would happen unless gmaxwell gets desperate to trigger one inteionally).
with a hypothetical hat ontop that hat. (but lets play this theory game)

if you have 10btc in 1AbCBl4blahblahaddress..
in an intentional split scenario.

you then have
10btc in 1AbCBl4blahblahaddress.. on chain A
and
10btc in 1AbCBl4blahblahaddress.. on chain B.
you cannot make it 20btc in one chain simply by spending it to an address you create on the chain you want..

but the value of the coins in chain A or B may get impacted. and vary..

so its not a "move it to majority chain" because the funds (10btc) are already there..

you could indirectly sell 10coins in chain A for fiat or an altcoin. then move to an exchange that works with chain B and use the fiat/altcoin to buy more chain B bitcoin.. but thats indirect, and no guarantee of what total you will ultimately get, due to the variance of prices between the two different chains

If let say bitcoin being fork then I will still used it, but in the worst scenario I will moved my money to Monero and Dash, both of this coins seem very promising for the future and my last option will be invest in gold, from the market cap, Ethereum seems like a logical choice but ETH had been forked before so I don't feel safe to moves my money to ETH

It will get more participant on your list soon. Does in Q2 of 2017 the fork hybrid coin between bitcoin and ethereum will be born.  :D that is the funny coin.

I won't move my money, IMO they're full with pump and dump and no more(my personally). I just take that.  :P ::)

as usual. I will keep some money on bitcoin and some on fiat.

if this stuff would be worse, I think saving bitcoin in my wallet until the thing is good again is better than buying another coins unless I have some needs on it.

Escaping from Bitcoin hard fork scenario to an altcoin which has hard fork every six months or so? Monero was hard forked like week ago.

---

At this point I am starting to doubt if bitcoin will ever be successfully forked. Community is so divided over it that eventuality enough to prevent any kind of action.

in late 2015 core devs actually got the community together and laid out a roadmap that actually included dynamic blocks.. AND segwit (consensus 2015)

but core later core backtracked and pretended/recanted their statement and acted like the core devs had no coding experience to write any dynamic block code that could be accepted accepted into core.. by saying they are just independants and not the main core guys!!(community facepalmed them)

so now core no longer want to play on a level playing field with the other dozen diverse implementations of bitcoin.. and caused the drama of the last year

IT is certain that I will never give up on digital currency. I will move all my Bitcoin to another potential cryptos such as Etherium, Monero or Ripple. However, right now, I really like to use Zcash since it is 100% anonymous and people who use it will be 100% secure. In the future, I believe Zcash will dominate the digital world with its special technology

If everything was to go south and we managed to break the blockchain in two, chances are I would just move my money back out to fiat and make sure that I retained as much value as I could. Once the community figures out what's going on then I would buy back into it.

I would influence the community and make my opinion know as much as possible, but there's no point losing stuff on top of it all.

Zcash is not scalable, not quantum-secure at all (bitcoin is already slightly quantum-secure and can be updated), and requires trust in the developers to not use the "toxic waste".
By the same anonymity properties you praise so highly, if something goes wrong, by the time you find out your coins would be worthless.

I wasnt referring to like moving both coins , i was more emphasizing the panic scenario.

So even though the coin exists on both chains, the price can drop under your feet, both of them , if the minority chain gets added to exchange too.

So Maybe now BTC has a market cap of 15bn, and then after the split 1 chain would have 2 bn and the other 5 bn, and 8bn would go out.

So you definitely not double your money by splitting your money in half.

BUt in the panic, you could salvage some of your wealth, from both chains , if you move it to another altcoin or back to fiat, and my question to people is that which altcoin they consider an alternative.



Yes but it seems like every single altcoin can succesflly fork except BTC.


Dash, NXT, Monero, Ethereum (with less success), and others.


The point is that you have to have consensus in order to avoid 2 coins. Eth failed there, but other coins did it well.

not going to happen and these hypothetical situations are never good or constructive to anything apart from adding to the useless drama floating around in bitcoin world.

for me two things are certain: bitcoin is not going to split that easy, and ethereum is a shitty coin :)

IMO there's always going to be something that's considered to be bitcoin by a majority of the network. To the point we've gotten, a split would be unlikely to kill bitcoin and and exodus would also be unlikely so such hypothetical scenarios are pointless IMO.

Just vote please. Its 1 click of a button. It's not entirely a hypothetical scenario, disasters do happen. Last time the price went don from 1166$  to 746$, yes crashes like these do happen. Now back then it was the chinese with USD and CNY trades.


However in the case of a hardfork, I am more interested what is the secondary altcoin that people would move to instead of fiat. I am tired of all people who cashout their money to fiat. They should keep it inside the crypto economy, and not move it outside.

So I want to search for alternatives, if the situation would arise. I am not saying it will, but always good to have backups.

---

Ok I have edited the first post, to include other disasters too.

So the big disaster is a coin split, but it's not just limited tothat.

So in any panic scenario, where would people move their money? That is the question

I would still be using bitcoin even in the case of the fork because I don't think any other cryptocurrency is having that kind of potential which bitcoin has with it. I don't see any practical possibility of this instance, anytime in near future. I am curious about ETH but not investing any funds in it at this moment.

why did you even bring price into your strange hypothetical situation?!!!
and you need to get your facts straight. it wasn't a crash, it was a mini bubble burst.
price was already in the $700 range and as i said this before (https://bitcointalk.org/index.php?topic=1723932.0) when $800 resistance was broken, price went from this level up to $1160 in a very short time, and anyone with experience in any market knows this type of rise is not sustainable and it will come back down.

and surely enough price went down in a correction and now is back up on track again.


in case of a hardfork nothing is going to change, like other hardforks in bitcoin and like other hardforks in any other project we will continue using the new fork.

and as far as split goes, so far we are trying to fork with 95% consensus and if it is done right no split will happen.

but to satisfy you, in case split happens i wouldn't move on to any of the altcoins because they are useless. unless a new one is created that can fill the hypothetical empty place of bitcoin.

If bitcoin become disaster i will probably exchange it all into fiat currency and wait bitcoin to be fix its problem, i don't want to lose money since i had family already and had kids this is the only sideline i had where i can earn money.

Let's split these into two: a disaster and a fork.
In case of a disaster, like an enormous bug and fatal network failure of some sort, or a worldwide ban we'd all be screwed anyway.
In case of a fork I'd keep holding. Worst case scenario I'd have to choose which side to opt for.

if this is happen, then i will move my bitcoin into fiat because with fiat, i can buy whatever i want and i still trust my fiat. and if the bitcoin disaster is finished, then i will buy bitcoin again and i think the price will not go too high as before.

Of course I will move my money to fiat. Because I think it would be more secure than other options I can not believe anymore to ethereum I have lost a lot of money in ethereum, tragedy few months ago that i loss almost a half of my balance when i put all my bitcoin into ethereum.

In the times of s disaster, I would surely move my money to fiat and nothing else. Because bitcoin is accounted for around 85% of total crypto currency volume. So if bitcoin price goes down drastically, all other crypto currencies will be affected leaving a long term damage.

So in that case, fiat will be the only secured currency where I can keep my savings safe and secure. 

if bitcoin fails there is no point in using any of the other altcoins, they are 10 times worse. and they will fail too.
also keep in mind that many of these altcoins are pump and dump coins such as ethereum, and also many of them will not be able to handle the massive amount of transactions bitcoin is handling, and either fail or have a gigantic blockchain size in a month.

Not all of them, and if BTC fails ,the miners will simply switch to other ASIC coins.

But the nodes are free to use any other coin the want. Many coins are scaleable, it's just that their security is not that high if most people dont use them. They need more users.


My bet is that the top 10 coins right now, would survive. And maybe there is alraedy a BTC 2.0 in the making, who knows.


Why are people anti-altcoin here? Bitcoin is not infallible, and certainly other altcoins have improvements on BTC, its just that they are not as widely used.

I doubt anything is going to chain in a hardfork. I bet most of the speculators would pull out their money before the hardfork, due to the uncertainty.

Mah money?  It'sa goin' unda my dam mattress,  an' then...what kinda disasta we envisioning up in heah?  If'n the Zombocalyps happen, Imma make fo' tha toolshed an' "opt out" if y'all catch mah drift.  Money be damned.  Dey say shrouds don' have pockets in 'em.  Know what I'm sayin'?

who cares about what miners are going to do, they are already mining multiple things, and they will always mine what is most profitable.
you are asking us, the users, what we will do. and i said i won't use any other altcoin.

and yes all of them are as i said.

and the reason why people are not using them is not just because of security. it has many different reasons such as not being decentralized, having pre-mine or massive-premine which is becoming a thing these days.
bitcoin was open to all from the day one, apart from genesis block anybody could mine a block and get the rewards but with altcoins majority of them have more than 70% and in some cases up to 90% of the coins pre-mined or not exactly pre-mine but with some shenanigans the owner is holding the 90%+ of that coin.

and there is no top 10 crypto currencies, there is only one cryptocurrency called bitcoin and the rest are pump and dumps with a handful of them having some features that are interesting such as monero but still are pump and dump.

and yes many of them have some improvements and as i said good features over bitcoin but each of them have much more bad attributes that will hide those couple of good ones.

I would immediately move my money to US dollars since i dont want to loose my hardly earned money. I would rather observe the upcoming situations so that the problem is solved or else, i will invest my money in Monero and Dash since i dont want to put all the eggs in the same basket.

I would do the same thing too i would quickly convert all of my bitcoin to cash and wait for the next even that would happen to bitcoin and other alts because if this thing would happen to bitcoin maybe i would hesitate to put money on any cryptocurrency out there since we all know that bitcoin is strong and cat hardly be goes down but if the time it would fall then those alts do have the possibility to go down too.

Of course I will immediately sell all bitcoin and made in a currency of my country before bitcoin becomes worthless. Because I'm sure there will be signs such as news came out, and at that moment I would sell all bitcoin. Thank you

I will choose this option: The majority chain: the split of BTC that would have the most nodes, miners, merchants and users behind it

But a situation like this could mean a literally disaster for the crypto environments so also the option of a fiat "return" could be a right one.
For sure I will follow another nerd hobby :D

That makes sense and I'd honestly do that too in order to save my wealth when there's still a time but my main question is when the news about this thing (bitcoin disaster) come out or revealed, then, who's going to make a buy wall? I think that no people in this world want to buy something which is going to fall. When there's no buy wall or demands, probably our bitcoin will become worthless, but yeah let's back to the real life out of this imaginary talk.

In case of the worst scenario I will choose to be safe than sorry If there still have option to convert it to fiat then I will gonna convert my bitcoins to cash , Due to the incident I may not gonna invest on other altcoin because what happens to bitcoin may happen to them and I don't want to feel sorry for myself when that time comes

maybe I'll trade it in the form of fiat. Well, I prefer to trade on the move. Well, if bitcoin are problematic, then it probably will affect the altcoin, so move on altcoin guess is that it's useless. so, in anticipation of circumstances that could cause us to lose money, may exchange it in the form of fiat is the best decision.

I will choose Ripple, Dash instead. These digital currencies have supported by some big organizations and it was considered as legal digital currency with a low fees and faster transactions .

If there is a Bitcoin disaster, before it would happen I will convert it to Fiat. Good thing is that my Wallet is 2 in 1 which it also has a Fiat Wallet. I would convert my Bitcoin to my Fiat Wallet before the disaster happen and when the price has fallen down Ill convert it back again to Bitcoin in that way I have increased the quantity of my Bitcoin and will profit from it once it goes back up again. Of course it will take time but it is not risky at all.

If bitcoin will be around with a new fork i'll keep the coin, otherwise moving them in the best altcoin would be a wise idea, i will not dump any coins in any case, for fiat ever

crypto is the future that is certain, also moving them in fiat will expose you to a huge tax to pay, but i'm confident that they cn always solve any bug or exploit with an hard fork, no need to worry about this

why does everyone thinks if bitcoin fails, disaster or whatever, people are going to look for a substitute?!!
well they may look for an alternative but won't substitute it with the existing altcoins. they are all bad. and if bitcoin fails all of them are doomed.
there was actually a good, long topic about it around here talking about what will you do if bitcoin fails. and it is similar argument, most people dust themselves up and move on with their lives. back to fiat.

Well that is a fucking shame.

Fuck them. Fuck them all who cash out.


They are supposedly here, to reform the financial system and to create a decentralized currency. But then they will just crawl back into their fiat dungeons like some rats?

Fuck them really. Bunch of virtue signalling losers, who would flee like rats from a sinking ship.


These people are not reliable and can't have goals in their lives, to make the world a better place. Everyone is just virtue signalling here.

If there is enough time to move my coins I am definitely moving to FIAT because aside from bitcoin which is the only crpto currency I trust, there is nothing else I can do coupled with the fact that other crypto currencies depends on bitcoin which means when bitcoin is going down then other crypto will be affected as well,. Which means I am left with no option than to convert to Fiat which  is what I have to fall back to.

I guess i wont worry too much anymore lol because in the current situation only small percentage of my amounts are being stored and i usually cash it out for my personal needs so if ever this called hypocrite thing happens i would not lose too much at all

If such a scenario happens a panic will be experienced among the users. Sure they'll tend to sell their bitcoin for less price. I'll make use of the opportunity and will buy as much possible, because I trust in bitcoin that it grows even after fall or technical problems.

it depends on what the disaster is, maybe it looks like a disaster but in reality it is mostly good and new change. in any case I need to examine the situation and see if I can choose a majority chain if it seems suitable to me, or the other chain or give up and go back to fiat. but like some others said, I wouldn't consider your list of altcoins as something worthy of my investment for long term.

I will withdraw and convert it into fiat as the official payment that we use in daily transaction.
Other coins may not get my trust as bitcoin is the best cryptocurrency, if it fail, what will others become?
I may consider about another majority chain, but only some parts of my funds obviously.

I wouldn't entertain any disasters when it comes to my finances so I will treat Bitcoin as a commodity and not a currency in this scenario and will not hesitate to sell them all out for fiat-(possibly the US dollar)as it has proved to be stable and widely used for a long time.

If a bitcoin disaster happen And I am needed to transfer my money. I will convert my bitcoin into local currency . If banning of bitcoin is the disaster, surely I cant convert my money into local currency. I will just trade my bitcoin into paypal/Payeer and transfer it yo my bank account.

By the same name ("disaster") you put together events some of which can hardly be called that. For example, if Bitcoin gets forked, it may actually turn out beneficial in the long run. Wasn't Litecoin essentially a Bitcoin fork back then? On the other hand, it will all depend upon how much other coins may be affected. If they all should get affected, you'd better cash out into fiat, of course...

And short Bitcoin to earn some money along the way

Not only that I don't trust altcoins except Monero, but I also know that their prices depend on Bitcoin too. If it falls, they fall. There's no other choice. So I would personally go back to fiat, which would then be the "safest" one when it comes to the stability of the price. But a Bitcoin destruction would cause like an 'earthquake' for all the currencies anyways ..

Yeah it is very good reason. The price of alternative coin is depending with price of bitcoin. So escape your money into alternative coin Will only be bad for you. On the contrary if we put money in dollars or Fiat. Then our money will be safe because Bitcoin will not have any impact on the dollar and fiat

The other funny thing is that well in my own opinion those certain alt coin except for fiat that has been stated will be having the disaster and die first before it goes to bitcoin's disaster lol

Yeah very well said, that's my plan also IF there is enough time to move my coins also. Exchanging BTC to FIAT will be the alternative way to save your BTC balance. But what if the time is not enough to move your BTC to FIAT? What shall we do about our BTC? And a BTC disaster will gonna happen if there is not enough BTC out there right?

I'll do the same too,fiat is safe investment always and you can spend it right away,but I'd wait for Bitcoin to come back again,there will always be a crypto currency existing,because people have seen how it works and how effective it is in case bitcoin face  problem we always have a replacement for Bitcoin but I'm not sure if majority will adopt it...

I think many users would do the same thing, especially people who have made enough money in crypto. But the main reason for them, obviously, would not be the fact that they made lots of money, because if there was potential for better investments, they would certainly do it. Instead, I think the main problem is that there are few currencies that are worth investing in. And to answer the OP, I would consider investing in Litecoin or Monero, under current market conditions.

Why to move my money from a potentially failed bitcoin to another altcoin? It doesn't make sense to me because if bitcoin falls, all other coins will fall too since they will prove to be unreliable ways to store our money. So I would look for traditional options as dollars or metals.

Traditional options are always there. But they don't offer hefty returns compared to what Bitcoin gives. Apart from that, whether other coins would be worth investing in would obviously depend on the exact reasons behind Bitcoin "disaster". For example, if this pitiful event happens due to miners and developers quarreling with each other and the rest of humanity, the other cryptocoins would almost certainly profit from it. Really, why should they fail in that case? On the contrary, they would rather profit from such events even if now it is still a far cry from anything like what is mentioned in the OP...

And if the shit eventually hits the fan in the Bitcoin camp, they will likely soar, not collapse (at least, the most powerful of them)

http://s018.radikal.ru/i506/1701/e8/656e95248838.jpg

The throne is never empty

I'm afraid that the days of diamonds as an investment asset are numbered

Today's technologies allow to make synthetic diamonds which are as good or even better than natural diamonds. It is just the market being controlled by one monopoly, De Beers, and no one among producers of synthetic diamonds is being particularly interested in crashing the market that the price keeps high. This state of affairs may last for years, but personally, I would refrain from investing in these highly overvalued pieces of crystal carbon since they may lose most of their value any day

Will be moving my coins to fiat, some money into some other altcoins out there that will be as big as bitcoin and has the potential to move major markets and give profits to its investors. After moving my money to fiat, I would be buying shares of some companies that I find interesting (such as some local startups here) and would also invest in a food-related business just to diversify my holdings.

That seems to me, OP has the fear segwit will not succeed so there is not consensus and may be will have a hard fork with results the same with ethereum. At first I will stay to crypto currencies because I believe that only with this form of currency people are really free from banks. Secondly, I will go with Monero because imo has some very important features but I will keep a wait and see policy. Third according the course of bitcoin I will come back or I will stay at Monero.

I will move my btc to ETH as I always did in the past.  I have been moving the rest of my bitcoin to some coins like XMR when seeing the price continues to grow that its going to crumble when its almost over bought, its then time to move to ETH or XMR. Its going to hit two birds in one stone. The two ETH and XMR drops a bit when btc price rise and if these altcoins price are up once again. This will mean you gain every inflation.

I guess this is a sort of chicken and egg problem

Technologically wise, there shouldn't be any issues with large scale production of synthetic diamonds and then the cost of production would decline sharply (the so-called economy of scale), but this will most certainly crash the prices multifold (since the demand for diamonds is relatively small, volatile, and superelastic at that). Thereby, even the large scale production might not be profitable at all. Basically, that would mean complete disruption of the market, with diamonds losing their value as gem stones. But this doesn't in the least cancel the laws of economics, and when the technology gets developed beyond some point, diamonds will be as cheap as dirt

As in many countries there are their currencies, the digital nation also has its currency ... If you look more closely, you can see that many of these - currencies - as they say are technologies that are only bought with the currency of the digital nation. Here are grown up crazy, backyard scientists, as we see in the success stories. In the event of a disaster such as a ban on the use of Bitcoin for fiat currency exchange, Bitcoin would not have large losses because I would own many of these digital goods and sell to other countries for their fiat currency.  ;)

I think Cryptocurrency is here to stay.

So if bitcoin has a disaster, it really means that an alt has taken over the #1 spot, and money will be moving into that. Which alt will win though is a whole other thing. I don't think any of the alts on your list have what it takes.

Surely ;D.... But it's good to exchange opinions
While searching for  a graph, i just learned that they can create diamonds mixed natural + synthetic. And it is really hard to make the difference for labs specially diamonds under 0.05 carats. just wow... Usually people prefer buy natural one but with this you lay be not sure what you are buying about

If this theoretical disaster were to happen i doubt there would be anything to move, if such a disaster happened bitcoin is worthless  :-\

back to fiat. everything hinges on bitcoin. if it falls apart then so does everything else in the short term. other stuff might come back but its gonna take a while to get back on track. and if there is a proper disaster i doubt there'll be enough time to get out.

lots of people claim faith in their pet alt. i wouldn't really wanna see that put to the test.

Right ,if bitcoin can be affected so what else is not. I know soon if ever bitcoin gone there will be a new discovery that will over the bitcoin ,so if ever things happen ,I would prefer to go back in the basic and hope for a better outcome.

it depends what the disaster is of course. a technical problem won't affect any other alt, but the market effect most certainly would.

Even Bitcoin face a disaster in time we did not expect, I would rather still keep my coins. Unless, if someday there's an altcoin become significantly will increase the value like what bitcoin has. Well, no doubt that I will shift into that altcoin to convert my bitcoin.

I'll go back to fiat. Once the bitcoin is under attack and fall, for sure , other alts will follow and will be attacked too. So the safest will be to go back to fiat though probably in the process I will lose some money(due to falling price when it's being crashed by hackers or whatever) it's fine, the thing is, I must not lose everything.  :)

Actually i dont want to move my personal money to altcoin, i still choose bitcoin as my choice. but if i get free btc from bounty or campaign i will move them to monero or dash. ETH is last option for me because nowadays eth still lack of security.

I would go back to cash, and then into silver or gold. Your main concern when this happens, would be for you to reduce any losses and to store your wealth into some commodity with safe heaven properties. I would never keep everything in fiat, because things are shaky there too.

I think other Alt coins are dependent on Bitcoin's success, so if the biggest and strongest goes down, all other Alt coins will fumble too. 

Time to stop... I'll go back to fiat if that happens, that's already a dooms day for bitcoin since it's been attacked or for whatsoever reason  that it was brought to disaster... Most probably if disaster happens, I have no choice but to go back to fiat... Future of the alt coins are probably in danger too of disappearing...

So to be safe, just return to fiat and I'll wait if bitcoin will survive and if there's a sign that it is already surviving, then I'll return...

Now you see my point

The diamond market is like overheated water where a however small stir may end up in an explosive boiling. Investing in such a market is certainly not a wise idea overall. We had a rather technical discussion about that a few years ago, and I gave a link to a pdf paper which specifically investigated all these aspects we are talking about now, e.g. how De Beers is vilifying synthetic diamonds and even offers special toolboxes to gauge the purity of natural diamonds as well as distinguish them from synthetic ones, which is pure bullshit for the most part

If that happen. I will move to fiat. Cash is more safe i believe. Investing money into other cryptocurrencies seems very difficult and risky. Maybe i will observe if theres a potential crypto that will replace bitcoin. Investing on gold is good too. Maybe i will my half of my money there. The half of it. I dont know, maybe i will buy some altcoin. Dash, xmr, eth, ltc. Those are good coins. But not sure which one is a potential alt that will replace bitcoin.

Glad to hear some people who will stick with BTC. Not unlike the other pussies who would run back to USD as soon as the market dips a little.


Isn't this what Andreas said, that 1 BTC = 1BTC and that we should not compare it to USD, but treat BTC as money by itself, with intrinsic value.

I guess the trader pussies dont realize this, they will just run back to fiat as soon as something happens, and dont give a shit about the decentralization principles, or the limited inflation principles.

Basically they are just speculators, they dont care about bitcoin. They lack loyalty. They are just opportunists.

I would dump coins on the shorter chain and buy some Monero. I'd still keep using Bitcoin though. I'm not scared of short-term events.

There are over 700 other coins to choose from. I like those odds a lot better than fiat :)

https://coinmarketcap.com/

^^ have a browse and see which one would suit the moment.

hope that we will not face such kind of situation, because bitcoin is now becoming the most popular decentralize online currency and now the number of bitcoin users are increasing continuously, therefore i do not thing that bitcoin can come to an end, but we are hopeful that the new generation will be giving more preference to bitcoin as compare to fiat or any other virtual currency .

I strongly suspect that you were left holding the bag, right?

And now you are trying to make a good bargain out of a bad trade. To be honest, I didn't mean exactly your kind in this (https://bitcointalk.org/index.php?topic=1718894.msg17588665#msg17588665) post of mine, but you are still cutting it pretty good in this department. I remember you were eagerly interested in some trading aspects a couple years ago, and even then I had been telling you that your ideas were complete bullshit (e.g. your "downward volatility" or how you called it) as well as you would be quickly killed in real trading using this approach

http://i062.radikal.ru/1701/6a/13a9e4e4274e.jpg

Now you may want to think again who is real pussy here

More likely if fork happen I will hold my Bitcoin .  And if ever there is some quantum computer attacking the bitcoin network resulting to 51% attack, I would cash out.  Changing it to other cryptocurrency is a non-sense since they will end the same fate like bitcoin.  So better make sure and cash it out to fiat money.

this ain't the subject in question. it's a disaster. you're welcome to set your money on fire. anyone who has the opportunity to get out, which is very unlikely, should grab it with both hands.

But a disaster is not permanent unless we make it one. If people stick with BTC there is no disaster that we cant overcome.

• If BTC gets quantum hacked:  we change the mining and key generation algo
• If BTC nodes get attacked: we tell people to set up more nodes and ban attacker nodes
• If BTC gets 51% miner attacked: then we either wait it out, or we hardfork that evil miner away
• If BTC gets smeared in the media: we just give them middle finger and carry on
• If BTC gets regulated or outlawed: then people should heavily fight against it politically

But if people just abandon BTC, then nothing can save it.



No I am just tired of opportunists. I have always been on BTC's side, for the past 3 years. I havent looked at BTC as a get rich quick scheme (except at the very beginning, but I quickly learned the lesson).

I want BTC t osucceed, and I dont like people who are just here for the quick buck. And seeing most posts on the forum, and on Reddit sometimes, makes me thing, that nobody, absolutely nobody is taking BTC seriously.

It's like everyone thinks that BTC is just like a cool party, and when it goes away, we just go back to fiat.

It is your choice after all what you do with your life and how you live it, at least for most part of it. Bitcoin is only money (it fact, it only wants to become such), so it is dubious when someone starts talking about "loyalty" and similar things. Indeed, you could claim that it gives financial freedom from government and what else people are saying in this regard. But, strictly speaking, we don't know that for certain. Maybe, Bitcoin was specifically conceived as an economic weapon, to give some people an illusion of freedom and choice while take real freedom from other people. And when it serves this role (either successfully or fails miserably), people who were dispassionately using it just as a tool to make their own lives better will turn out to be the ones "who laugh last"...

And you will be a double loser in that case (no offense intended)

I have been moving my money from one investment to another, depending on which gives the best yield. If one day bitcoin fades into obsolescence and loses all its value, I would simply invest more on stocks, other promising digital currencies, and also the typical fiat.

It only fails if people let it to fail, again, this is a community requirement to keep it alive.

When I say stuff like "loyalty", I am not saying to be fanatical about BTC, or anything like that. I am just simply saying that, people who choose to become economically free, and choose to go the decentralization route, should not back up from it like cowards, when something goes wrong.

If people chose freedom, decentralization and transparency, then how come 10 minutes later they change their minds, and run back to the centralized financial system? That not only makes no sense, but it also portrays Bitcoin as something ridiculous, and childish.

So if BTC users can't stay loyal to BTC, then how do you expect non-BTC users to join BTC? It will never go mainstream, if the core users can't even make up their minds on it.

So how can you know which investment is suitable to you? Which is the best investment? It is super hard to know which project will gives the best yield. For me, I will find another digital currency and start holding it like what I have done with my Bitcoin

Indeed. It is really sad if Bitcoin die or something happens to Bitcoin. Therefore, to prepare for this situation, I decide whenever it happen, I will convert all my Bitcoin into etherium or zcash. It will be much safer and I will have a chance to earn some profit with this cryptocurrencies

I would try monero. I have heard some good news about it and I would like to risk it. But obviously not all of them, some of them ( actually most of them) I would make them fiat again. I know it's good to do that, but I don't want to lose an opportunity like many did back then with btc.

I guess you should first explain what makes you think so, i.e. if people are using Bitcoin that necessarily means that they "chose freedom, decentralization and transparency". Traders are there for profits before anything else while being "loyal" to some asset is a dangerous idea in this field, you should be as impartial as possible in respect to what you trade. So your whole concept of "pussy traders" switching to fiat if they think Bitcoin is going down is meaningless. It is nothing more than risk valuation, it may be correct or it may be wrong but it has nothing to do with "loyalty" or "love"

In short, stop producing noise

You are right if bitcoin would forked then theres no other chance for it will to be alive for sure and same as you said switching to another cryptocurrency would be useless  because most alts would really be affected too for sure.Cash out as much as you can would be the best choice no doubts,

First of all this situation is never ever going to happen, but let's say this happens would I convert my money back no ways op. Instead I shall buy as much as I can. What goes down goes up and that's how Bitcoin prices work. Look at the current scenario also it took a slight beating and again it's up and running. I think people would buy rather convert, at least those who are in it for the long term and know how it works. It will be an excellent money making opportunity, you should have added the option of buying further also.

If there will be any disaster in bitcoin then I will not believe on any other crypto currency because bitcoin is the best of all and if it will have issue then anyone of them will be considered as exposed to disaster. So I will go to fiat.

I was surprised not to see many votes for litecoin! If btc dies why not to start using something very similar just as if nothing happened? Maybe, because that would mean taking the same risks with the catastrophy. But choosing fiat... This is not good that most of people choose it. It means they don't trust the whole system, the ideology and use bitcoin because it is strong and popular now.

I would most likely cash out of the cryptoworld. This would be temporary of coarse.

But flat currency is obviously much more stable, and I would much rather keep my money where I know it can't be lost until Bitcoin

is back to normal. Moving it into other crypto-currencies probably wouldn't be too smart, depending how much money you are moving, because they are even more volatile than Bitcoin.

It would be difficult to find something as reliable as Bitcoin, but if you ask me, I would say that Litecoin may be a good choice as it is one of the most stable coins in the cryptocurrency market. Anyway, there is still a lot of uncertainty about this currency, so I would prefer to diversify by putting some money in Monero, which is also a currency with good principles.

Obviously if there was a Bitcoin Disaster than all other cryptocurrencies will follow. What happens to the leader in the market will certainly happen to the others. So think of other investments not related to cryptocurrencies such as real estates and stocks which gives profit over time. We Bitcoin users must have a back up plan always.

You are missing an important point here, any of those scenarios if happens then bitcoin has no value or very little, so what the hell are we going to move? bitcoin will drop under $100 only if no one wants them and when no one wants them you can't convert back to any sh*t dude. any one only gain profit if bitcoin is a success, there is no need to destroy it if those idiots hackers, spammers, attackers knew.

Bitcoin will be the symbol of an impossible fork that I will keep using unless we could have duplicate tickers? nope.
Nodes are legit nodes as long as they are on core.

At first I will wait to see where things are headed since there is no point to rush your decisions, if things get really bad I may cash out, but the most likely thing I will do is to move to LTC or monero since these are two coins I like.

I voted for Fiat. I will convert all my bitcoins into FIAT if ever there will be disasters. Then I'll decide after a few weeks if it is ok to venture into bitcoin again. But let's be optimistic. Lt's not think of something like that. I have high trust in bitcoin ;) I know that it still has a long way ahead! I hope that whatever happens to bitcoin in the future, it will be profitable for everyone ;)

I voted for "the majority chain" but my answer is a little bit more complex.

What I would use is the strongest chain that is supported in my region / country, so I can use it without restrictions. For now, only Bitcoin is fully supported in my region (there is a very, very small LTC, XRP, Bitshares and ETH community without really usable services). If in the future there is a strong Proof of Stake chain or another "eco-chain" and the Nothing-at-Stake problem has been finally debunked / solved, then even better, but I would be pragmatic. The network or ecosystem is what counts.

it is not easy to answer this question because it really depends on the situation. for example what was the disaster, and what is the chains that created because of it. if the majority chain is what i like and want i surely would choose that and it may not be really a disaster. but in case that things went so bad and chains became bad and i didn't want any of them i would go back to fiat since altcoins you have here are shit except monero but that is not a long term choice for me yet.

That is true, the best decisions that should be made next would certainly depend on the situation. For example, if the problem were an attack caused by quantum computers, this would affect all chains without quantum encryption. This kind of improvement is a technology that is already available, but I don't know if any cryptocurrency has already implemented it. If during the event there is a coin with such encryption, this would probably be a good choice to invest.

If Bitcoin Disaster happens it meanst all cryptocurrency would be compromised. Therefore the only way is fiat, specifically USD.

I believe such disaster won't be experienced to think of moving their hard earned bitcoin. If such a disaster happens surely we can see some other altcoins gaining potential, can move towards it. Personally I just hold in the wallet, because after fall it raises again.

If bitcoin disaster comes along the way, I would like to move my money in fiat which is my priority choice. After it happen, I really don't know if I will continue on using crypto-currency; maybe yes if an altcoin replaced bitcoin with the similarity in opportunities.

Due to the fact that technology is bound to experience a few challenges, I don't actually trust it 100%. That is why I don't keep all my bitcoin in the electronic wallets. I keep a few in the wallets and others are converted into fiat for my own security. I only exchange back when I deem it necessary.

Even If such disaster happens, I believe Bitcoins stored in wallets where only the owner has the Private keys and other details to get access to bitcoin inside would be safe. I believe bitcoin stored in Exchange wallets like Coinbase and others might be doomed.


Likely Bitcoin disaster maybe a hack on the Bitcoin network or possibility Spamming Bitcoin Blockchain.

If there is no altcoin to be the next Bitcoin then I would move my money to fiat as I can use it like the old times and it just not the old experience when using bitcoin. I would just exchange half of my bitcoin to fiat then wait until the disaster pass away and go back to bitcoin there's no reason you wouldnt want to go back to where you find anonimity online.

i would go back to fiat if this is really happening because i personally do not considers altcoins as instead of bitcoin even some people says that there is altcoins which is to be next bitcoin but i don't believe with what they talking about and that's why i might be will retire to use cryptocurrency

Why don't you have a "stay with Bitcoin" option on the poll. I think that most people on this forum would do that. We have invested for such a long time that it would just be a waster to give it all up. I, for one, would definitely stay with Bitcoin. It is by far the best cryptocurrency and it is most likely going to stay that way. The only thing that would make me invest into something else, is if it was a lot better than Bitcoin. Like as in a lot lot better.

Everyone should keep in mind that any crypto may face financial disaster at any time. There are a lot of factors upon which the fate of a crypto rely on. Community contribution, adaptation, value, local laws, supports from miners etc. Bitcoin already have passed a long way, and very long way is still to be passed. We have seen bad times and we may face even worse in future. but like before I will keep my coin if any bad happens. Good wishes to btc

I will choose Monero over other cryptocurrency due to its privacy features. But also since I have stocks of Monero already. Other currencies are also good but I like Monero more since it has the biggest potential to increase more in price if bitcoin will fail. With my experience with Monero it is more stable and its movement is somehow like bitcoin that tends to go up in time.

I also choose I would go back to fiat currency Because now bitcoin is the top cryptocurrency in the digital world. If the bitcoin Disaster happened then how can we trust on other cryptocurrencies, if we choose any other currency after some days that currency also faces the same problem? I wish it will never happen to suppose it happens I will go back to fiat.

I do not think that any disaster will happen in bitcoin as bitcoin is a more acceptable currency and the demand of it is increasing much faster. Look at the speed of its demand no one will find any other asset or currency with that much demand. It is only because of the importance of bitcoin so with this it is proved that the future is of bitcoin.

You definitely have a point there. That's why it's important to act in advance of what is going to happen in such a scenario. Only then you'll be able to secure a large portion of your money/wealth that was stored in Bitcoin. But as always, it's only a small minority that is able to act in advance, where you don't have any guarantees on whether or not you're right. It will be somewhat of a gamble. But one thing is sure, I will never convert my money into whatever altcoin. If I am too late, and thus missed out on selling at prices being still at a decent level, then I am just going to use Bitcoin solely as an investment tool. Because whatever happens, there is always good money to be made from panic among people that results in massive loads of volatility. I am and will always stay a trader.

Are you familiar with the compatibility issues in windows where a software which worked in old versions have problem to execute in new versions?
Welp, bitcoin is the solution found by Satoshi when people tried to troubleshoot financial system.
Bitcoin itself is a tool that only runs if there is no flaw in it, I'm really having problem how to explain my self here,...hmm Do you know what is gravity?
Mass creates gravity and without mass there is no gravity, now imagine bitcoin is both at the same time, what I mean if bitcoin wasn't suppose to work from inception until the end of time it wouldn't be working right now.

I will put it as simple as it gets, what happens if all the oceans vaporize and completely dry out? well we could dig wells and use under ground water reserves for a few month top but they will diminish eventually.

In mathematics if you can multiply 2x2=4(altcoins)2+2=4(altcoins/fiat), but 1111 is what bitcoin is giving us so we can decide what to do and how to do it.

Well they could be long term investors, because buy & hold does eliminate some trading risk and replace it with volatility right?

I mean if the price swings +-200% every half year or so, that is hard to trade successfully in my opinion. I have seen a lot of guys end up being losing after trading BTC/USD.

So even though buying and holding introduces drawdown (which if it's not leveraged, then it's not as risky) , it does make investment easier, if they think the price will go up in the longterm.

Just daytraders and technical analysts are probably losing money already. To them this is more like gambling. So that is sad.

Very good notice. I absolutely agree because Bitcoin is mostly for speculation and not for libertarian nonsense. So, naturally, when price hits the highs traders are cashing out to fiat and no one can blame traders. Traders are only for profit and Bitcoin is only for trading.

By the way, poll shows how strong are fiat  :)

I will exchange bitcoin currency to USD. I will move quickly before the disaster. when there is a decrease above 25% then I will immediately sell the entire bitcoin I have.

I don't quite understand what you mean. There are early adopters who at some point had thousands of bitcoins, and they are likely the only ones whom you could consider as being truly "loyal" to Bitcoin (it the sense you mean it, i.e. "freedom, decentralization and transparency"). I mean those who still hold their stashes and didn't waste them. These don't feel like going to part with their bitcoins any time soon. They won't sell at any price, no matter how low it could plunge and how high it could climb. On the other hand, the investors you are talking about are there for profits as much as any trader out there

If they didn't expect to earn some income in the future and knew in advance that Bitcoin would fail, they obviously wouldn't invest


There can't possibly be price swings -200% any moment. Bitcoin could hit the floor at 0 and that would be 100% collapse. If Bitcoin rises 100%, going down to the same price would be 50% decline


Trust me, volatility is the best friend of a genuine short-term trader. And this is not gambling. In fact, it is easy money (you may want to read more about using long straddles in options, to better understand the idea)

Bitcoin was very efficiently implemented since the beginning but there are risk in the horizon, for example one of the risks are quantum computers, they are not a risk now, but they will be a risk on two or three decades, so we are not sure if bitcoin is going to work to the end of time as you seem to suggest.

I'm not suggesting anything regarding the current state of bitcoin but pointing out what bitcoin really is and the idea which Satoshi had in mind about btc. oh man this system is simple and easy to access enough that people can spam bomb it and the protocol accepts anything from the network until the honest nodes confirm and verify their validity. chain or circle the never ending consistency the idea is what I'm defending not a run away girl of a currency that has been misbehaved, misused and essentially gang raped by the same greed mongering savages trying to rule the world with their non existent paper money.

If a flood comes and wipes out humanity once again, for the new world starting over bitcoin is the answer to be the value delivery agent, not this 21M capped btc though :).

You talk about Quantum computing like you understand the quantum world, it works as if there are 10 boxes and only 1 cat inside one of them, now quantum computer practically could open and look inside all 10 boxes at the same time and with only the energy of that opening one box is needed.

Who says if someone is able to do that isn't able to constantly create 10 other boxes and hides the cat in one of them non stop?

They would, but maybe not looking for 1 week profits, but instead hold 5-10 years. Some people have BTC in their retirement account. These are the dedicated people.

The others might as well just be cowboys who are looking for a quick buck, but I dont like those people.




Yes sure I meant in the absolute sense, so for example a log return.

If price is now 900$ then 200% up is 1800$ , and 200% down is 450$, which would be equivalent to -50%

Ln (200%) =0.693147180559945
Ln (50%) = -0.693147180559945





Yes but somehow traders still end up losing money. It looks to me like a zero sum game, becasue of the eficient market hypothesis.

https://en.wikipedia.org/wiki/Efficient-market_hypothesis

i think we should change our mind set about this. if all the bitcoins users decided that they will never let bitcoin destroy i do not think we will every see such situation. actually it depend on our decision when the bitcoin price start declining people worried about it a and start panic selling, if they become farm and remain and hold their bitcoin then we can hope that we will never see a serious decline to the price of bitcoin.

The only and the most realistic scene I can think of is Government banning bitcoins completely.Where would one take their bitcoins in such case ? Nowhere to run!
In the scenario that you have mentioned,I might just liquidate the coins,wait for a month and decide which stable alt to choose next.

Strangely though nobody has chosed DASH, which is probably the most stable altcoin out there, and one possible replacement for BTC.

I had a decentralized voting system , more flexible, and more scaleable. The privacy system and the supernode system is questionable, but still it's a good possible backup.

Since LTC is crap, and DOGE and other are not even taken seriously.

I think that the best option will definitely be converting bitcoins to another altcoin which rises against it, because something arose against such an established currency would definitely be consisting something special that investors and others might be trusting it based on. However, I know that any such Bitcoin disaster is never going to happen.

I'm gladly to invest in altcoins, coins which are closest to bitcoin. I will not close my doors for another opportunities to grab on, using crypto-currency is so beneficial compare to fiat money. I find it more easy than applying for a real job but of course I need to make a lot of effort and hard works.

Depends on what disaster?  If bitcoin could stand even some crash happen, I will cash out to fiat and buy back at the lower price.
The poll shows people still prefer to fiat as it is an official currency to buy anything including bitcoin.
Divide my investment to some store of value such as bitcoin, gold, fiat money as backup plan if one of them going to crash.

If markets were truly efficient, there simply couldn't possibly be 1-2% of total winners (insiders and their kind), 3-7% of occasional winners (those highly experienced traders), and the rest being left for dead holding the ragged bag without handles. A market don't need to be efficient to remain a zero sum game. A zero sum game in simple words is a market where someone's losses are always someone else's profits. All financial markets which trade purely virtual assets (like Bitcoin mostly) are a zero sum game by definition...

A non-zero sum game market is the market where a traded asset can be and is in fact widely used outside the market itself (e.g. oil market)

we all know that bitcoin act as the mother of all cryptocurrencies as well as the sprouting altcoins. All cryptocurrencies revolved their worlds around  bitcoin. so if such disaster happens and bitcoin will fall off, then what do you think will happen? surely all will fall hard too.  imagine a tree without water? do you think it will still live? definitely a no, no.

so definitely i would prefer cashing out all of my coins to fiat. Fiat is the only stable one can choose to. then if in time bitcoin will go back to its feet, then thats probably the only time i will buy and invest in bitcoin again.  Lets just all hope that bitcoin will never get into this.

If a disaster happen in 20 years there will be by the time fiat money may already ubiquitous digital currency is a national and a lot to lose faith in cryptocurrency will go to the national currency, or to the most stable as the dollar is now for example.

Fiat, Gold. NEVER to any other altcoins, period.

That's bullshit, without beating too much about the bush

If the tree dies, do all its offshoots die too? I guess this is hardly the case. Bitcoin may have given rise to cryptocurrencies being a forefather of them all, but that doesn't mean that they are still depending on it. As I said it before, the demise of Bitcoin, should it happen, may actually free space just like an old tree gives away resources it has accumulated through its long life when it finally dies off

http://s010.radikal.ru/i314/1701/9d/b081469310f2.jpg

Life is not recyclable, you are born to die

The oil market is zero sum too, because you cant make money from trading it.

No , you dont know what zero sum is. An efficient market means a market where you cant make money on long term, because all  public information is priced in (insiders are insiders).

Which means that it's a casino. YOu go to an exchange to trade, and pay a trading fee. How is that different than a casino with house edge?

The only way to make consistent money is to have insider knowledge, or manipulate the price, which is considered immoral.

What did you not understand in my post about what a zero-sum game is?

If you come to disagree with that, bring forth your arguments. So far you only claim that I don't know what it is and then continue to explain what is an efficient market (how it is written in Wiki). Obviously, this won't do. And while you are trying to look for a flaw in my definition (there's none), don't forget to explain what efficient market has to do at all with a zero-sum game market. Just in case, an oil market is not a zero sum game (since oil is a consumable commodity), and by claiming to the contrary, you pretty much reveal that you don't in fact understand the essence of a zero-sum game

I think better to move it in fiat or money because i think most the altcoin will be also affected if there are disaster happen with bitcoin..
And i  think it is impossible that bitcoin will gone or down in the future since many people are supporting bitcoin. We are just seen the price was reduced that can turn to panic sell if they heard any news aout bitcoin like few weeks ago when the price was crash from $1100.

You are such a smartass, but you dont know what you are talking about.

If you refer to the oil as being consumable well then the same way bitcoin is also a consumable, because a lot of coins get burned.


But zero sum has nothing to do with the quality of the asset. It only means that the market is efficient, and that people only shuffle money around to one another, and nothing is produced.

Oil doesnt create anything by itself, nor does bitcoin. Sure they can be used to create things, but that is not an inherent property.

A human life is not a zero sum game, because a human creates more than it consumes, otherwise he would die.

But financial market, are just a giant casino, where the money goes from 1 player to the other. It's the human that is creating the innovation, not the currency.

I was thinking  of what kind of disaster that could really happen to bitcoin. Do you think If any disaster happen today, any of the altcoins wont be troubled, they will lose the trust of customers, media will also attack them and government might call it a crime being involved in it. They might gradually go into extinction. In such a case you need your money back with you, then watch the response of the market.

You don't get profits by burning your bitcoins, so it will remain a win-lose outcome. That seems to be the thing that you can't grasp. Folks (well, companies) buy oil not to sell it at the same market for speculation purposes but to process it further into something else (e.g. gasoline) and then either sell what they produced from it to retail consumers (e.g. car owners), or consume the products directly by themselves (e.g. to fill the company's needs in fuel or whatever), without reselling them

Obviously, this will be a win-win situation unlike a zero-sum game


Market being (not) efficient and a zero-sum market are totally different concepts. In practice, there are no efficient markets, but whichever markets do really exist out there, they can be either a zero-sum market (e.g. Bitcoin market mostly) or non-zero sum market (e.g. any commodity market)

Even if I can not predict such a situation, it would have been very difficult indeed. But I can say that there is no confidence in the market. I think that if bitcoin is a disaster, it will be affected in altcoin. I think it would make sense to watch the reaction of the markets in the future, as it would be reasonable to have the money with us or keep it in the bank. But I think bitcoin will stay for many years, I hope we are wrong in this case.

I would say to gold (which is close to fiat, but not the same lol), if BTC is in a bad situation I doubt crypto's would be able to maintain a safe market for those trying to move away for bitcoin.. I think moving out until everything settles is the best choice..

I will simply exchange it to $ and then keep until the problem is fixed and then I will buy bit coins again.

Simple but strong strategy, cutting losses by shorting and getting profit by buying once a recovery is shown. I would do the same too, I will convert it to my own currency and when someone picked up the broken bitcoin to develop and establish it again. I will gladly be the one to buy it again at the lowest possible price before bitcoin price started to rise again.

No it's the same analogy.

Oil companies get profits by reselling oil, but the consumer "burns" it, literally and figuratively.

Bitcoin companies get profits by reselling bts (or charging comissions at exchanges for trading), while the btc user might acidentally burn his coins by losing password.


It's the same analogy, it's the same thing. Overall both markets are deflationary (as oil reserves can run out at some point), but still the market itself is a zero sum game, despite being some companies that make consistent profit.


The only way to make consistent profit is to eliminate the risk, and go for a guaranteed income. Comissions are the best bet. While the other users are just zero sum users who just shuffle the money around from 1 hand to the other.




All markets with sufficient trading volume are efficient by definition.

Does information exist that can make people guaranteed profits? Sure, but only if they are not public (insider info).

Otherwise all public information is priced in the market, and while sometimes people can score big on trading, it's technically no different than a gambler scoring big.

Converting them to fiat can be a good strategy but it won't grow your money in long run so I would prefer to invest some of it in altcoins and a part of it in gold where it will allow me to make some profits in long term and would prefer to buy again when the price of bitcoin drops in near future.

It is way far from being called a strategy.The most common and the dumbest thing to do is liquidate to fiat.Do you imae how hard the bitcoin woud fall ? Whales say it would take years to pick up again.Imagine the scenario,everyone liquidating their bitcoins.Exchanges taking control over the network ?

The question is not about making profits jackass.What picture of bitcoin do you even have in your head ? A indestructible source  of making money ?