In a Bitcoin Disaster where would you move your Money?

[lionheart78]

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.

[European Central Bank]

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.

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.

[RealBitcoin]

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.

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.

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 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



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

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.

[deisik]

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 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

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

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)

[Doms]

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.

[RealBitcoin]

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)

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.

[Kabul]

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.

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

[slapper]

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.

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

[SamMurphy]

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.

[deisik]

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

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

[Zadicar]

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.

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,

[Juggy777]

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.

[bestluck]

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.

[kryptqnick]

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.

[mikehersh2]

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.

[LegendaryMiner]

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.

[Harlot]

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.

[ImHash]

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.

[The_Dark_Knight]

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.

[erickkyut]

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