[POLL] What percentage are you in for the long term?

[phelix]

What percentage of your all time maximum holdings in BTC will you hold for at least a year from today or until BTC price is freaking high like 1000 USD/BTC?

You are welcome to explain your reasoning.

[1713417663]

1713417663

[1713417663]

1713417663

[1713417663]

1713417663

[Nancarrow]

100% is my ideal plan, but I put 90% as I'm only in part time employment at the mo, and my supply of GBP is draining faster than I can fill it up. That and the whole 'Bitcoin should be a means of transaction, not just a store of value' colliding with 'Be the change you want to see in the world' thing. And classes in English sentence composition. Christ.

[jwzguy]

Why would you hold anything else? This is the only thing I feel somewhat confident isn't being hyper-inflated, counterfeited, seized, or taxed to death. I have no reasonable alternative.

[phelix]

Why would you hold anything else? This is the only thing I feel somewhat confident isn't being hyper-inflated, counterfeited, seized, or taxed to death. I have no reasonable alternative.

You could sell some if you expect it to fall so you can then buy more.

FinCEN and taxation in the EU favor keeping it forever, though.

[cho]

1. Bitcoin is technically superior to other forms of money currently in use => BUY
2. Bitcoin is economically extremely undervalued => BUY
3. Bitcoin can bring an alternative to current monetary slavery, and is a source of hope for anyone with a real sense of freedom => BUY and USE as a medium of exchange.

[Spaceman_Spiff]

Why would you hold anything else? This is the only thing I feel somewhat confident isn't being hyper-inflated, counterfeited, seized, or taxed to death. I have no reasonable alternative.

You could sell some if you expect it to fall so you can then buy more.

FinCEN and taxation in the EU favor keeping it forever, though.

Whats this taxation in the EU thing?  Something I missed?

[phelix]

Why would you hold anything else? This is the only thing I feel somewhat confident isn't being hyper-inflated, counterfeited, seized, or taxed to death. I have no reasonable alternative.

You could sell some if you expect it to fall so you can then buy more.

FinCEN and taxation in the EU favor keeping it forever, though.

Whats this taxation in the EU thing?  Something I missed?

It looks like you might have to pay some speculation tax if you speculate (buy & sell) bitcoins as for stocks etc. If you use it to buy stuff directly you should be able to go around that. It's nothing new.

[Lethn]

90% for me, the rest of what I earn is going to go into Gold/Silver bars

[Come-from-Beyond]

0%. Coz Bitcoin is not decentralized anymore. (Don't bother arguing on this point)

[Notanon]

100%, though only a small fraction will be in wallets, the rest will be in Cryptostocks.

[phelix]

100%, though only a small fraction will be in wallets, the rest will be in Cryptostocks.

Why do you expect these to rise faster than Bitcoin itself?

sdice for example seems to do worse for example.

[Sword Smith]

100%, though only a small fraction will be in wallets, the rest will be in Cryptostocks.

Why do you expect these to rise faster than Bitcoin itself?

sdice for example seems to do worse for example.

Maybe because we have all lived our entire lives in an inflationary paradigm and most people thus think that stocks will generally appreciate in value over time.

[hello_good_sir]

Maybe because we have all lived our entire lives in an inflationary paradigm and most people thus think that stocks will generally appreciate in value over time.
[/quote]

Yep.  Simply holding BTC is equivalent to investing in the bitcoin economy as a whole; it is better than an index fund.  Only invest in a specific stock if you think that you have more information about that stock's future performance than the market does.  If you don't have a "tip" then you are better off not investing at all.

This property of non-inflationary currencies is a good thing.  It means that simply saving your money is investing.  People who don't want to actively invest get all of the benefits of index funds without paying people to manage their money.

[Zomdifros]

What percentage of your all time maximum holdings in BTC will you hold for at least a year from today or until BTC price is freaking high like 1000 USD/BTC?

You are welcome to explain your reasoning.

Depends on the price. If it is only 1000 USD next year, I probably won't sell much or anything, if it gets towards 2500 USD I'll start thinking of perhaps selling 5 - 10%. If it goes up further within a short amount of time, I am able to sell less BTC in order to reach a desired amount of fiat.

[phelix]

current average is ~72%  (92 voters).

Hehe, with you guys Bitcoin is never going down 

[sgbett]

I'll be down to around 65% by then. dollar cost averaging out, in increasingly smaller amounts of BTC. Will hurt me in the perfect endgame (1 bitcoin worth millions) will benefit me in catastrophic failure scenario.

Anywhere inbetween I get bonus money to spend(or invest elsewhere) with whilst I wait for the paradigm shift! Life goes on eh.

[Notanon]

100%, though only a small fraction will be in wallets, the rest will be in Cryptostocks.

Why do you expect these to rise faster than Bitcoin itself?

sdice for example seems to do worse for example.

I'd rather they were put to use in something like a large-scale mining operation to buy new equipment and generate more through dividends, than just sitting in a wallet like they would 99% of the time. But anyway, each to their own.

[rontus]

Why is there no option for percentage higher than 100%? Yes, I am greedy

[phelix]

Why is there no option for percentage higher than 100%? Yes, I am greedy

Just make sure you are not getting tooo greedy.