Bitcoin Forum

I know my BTC is worth something. If a thousand people who grew up under authoritarianism think like me, then BTC is worth billions. This is not considering BTC as a medium of exchange, as an investment in a portfolio.

I was hodling too

And I will never sell my bitcoins

At least not for the coming 10-15 years

However I invested them in antminers now, hope I'll break even as soon as possible

never sell

https://i.imgflip.com/5kh9j.jpg

But wouldn't a true hodler buy miners with FIAT?  ::)

I'm looking at you iluvbitcoins.

yeah, he would

but since I'm underaged [no bank account, no credit cards] the only thing left to pay for them is bitcoin :)

At the moment it's better to hold if you can.

But you never know what will happen in your life, there will be a time that you might need to convert your btc to fiat currency.

I always end up spending my btc  :D

Determined to start saving more in the future, might even build up an alt portfolio though I need to do a lot of research first.

This is good choice if you don't need to spend this Bitcoin for your living expenses.
Otherwise, you have to spend some :)
This is my case.

Speculators have an hard work with bitcoins, most of daytraders are only losing money trying to predict btc's value.
I'm holding too!

I hope it works out for you...

I have just been earning free bitcoins and putting all cash toward paying off my loans....Hopefully if Bitcoin does hit 5k(I don't think it will) I'll have around 10 coins and that will be fine for me anyway...


I just hate seeing this posts because I don't want to see people get destroyed if something were to happen.

Hodl...for now. Right now I'm working on earning Bitcoin as quickly as possible (Okay...I feel like it's going at a snail's pace) so I can fund some travel I expect to do in the near future.

That's cool, I never realised before how cryptocurrencies had and useful potential for underaged people.

There are a lot of people whose strategy is to hold. Seems to be a reasonable one given what we have seen so far.  :)

Lots of new coin coming up. Some long term holders are hedging their bet and putting some money into new generation of coin.

Long term holder of bitcoin need to be aware of the trend.

This has been going on for a while though, since the beginning of Peercoin and Litecoin. The peak was this winter, at the end of BTC's bubble.

At the moment, the altcoin market doesn't seem to be as lucrative as before.

yes, I'v also found a work around for PayPal, been using it to purchase over 50ish items altough I don't own a credit card :D

as the Zurich's axioms book says: all investing is speculation

You speculation is that your bitcoins are worth something, and may even reach billions/each(what is impossible if you do the math, but I got the point), and in 15 years they will be worth much more than they are worth now(in special, more than 0, so bitcoin will survive 15 years)

Wow, that's a bold stance! Nicely worded as well (especially the title). But to be honest, I think depending on the country you're living in, Bitcoin is still the riskier commodity or currency when compared to the local FIAT currency or commodities like gold, etc...

if you put all of your money on bitcoin, aren't you basically speculating? speculating that its value will hold up better against fiat or other commodities.

Not necessarely, one could buy Bitcoins because they like the social and economical aspect of it, and they want to be part of that movement, with speculation being not the most important argument to the decision.

BTC is worth something as long as someone willing to give it a value. The illusion of value may not always be there. Fiat, on the other hand, will always be accepted by the country.

This has the disadvantage that the country controls the fiat's value, and this rarely goes in the advantage of the users.

Also disadivantage that inflation is a fact with fiat. No place without price inflation that I know.
And outside your country your money may not be accepted, while bitcoin is global.

Yeah, true. I think the thread title is a very interesting and daring assumption, but I guess he knows very well that Bitcoin remains the more volatile currency, compared to effectively every FIAT currency in existence (even those which are at risk of hyperinflation). But it is a very interesting stance!

Bitcoin is very speculative. If you are "investing" in bitcoin then you are speculating.

The OP does likely not understand the risks of holding bitcoin. As of now bitcoin is much more inflationary then Dollars are due to block subsidies.

+1 on this.
However the only reason that bitcoin is not experiencing inflation is due to the fact that so many people want to buy bitcoin that it's current price can be supported.

Gox caused a huge drop in your saving's value, PBOC caused a bigger one, and there are many others that can do worse.


Yes, you are taking more risk than most speculators only by holding all your savings in bitcoins

This is true. There are a lot of both known and unknown risks to holding bitcoin. There is no guarantee that the price will rise over time.

Yeah, and it will be so until 2020's block halving. In the meantime, I believe inflation is too high to make sustainable a price above 1000$.

That Bitcoin is deflatory is a lie that too many people believe.

And this is assuming you take all security precautions.
If you discover at a later point that your private key had been compromised earlier, it could be disastrous.

BTC is great crypto to rely on most stable one. If everybody do what you do it will really rise.