jubalix (OP)
Legendary
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Activity: 2618
Merit: 1022
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April 16, 2013, 02:03:09 PM |
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Just wondering how many people plan on never returning BTC or Other Cryptos back to GOV FIAT, that is they plan to wait for broad based adoption of BTC et.al so you can buy goods services, houses, bread...etc
This sort of view is a mind set I guess, but it makes the whole USD/BTC drama irrelevant to a large extent
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Aswan
Legendary
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Activity: 1734
Merit: 1015
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April 16, 2013, 02:05:49 PM |
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Add me to the list  |
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blockbet.net
Member
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Activity: 112
Merit: 10
Admin at blockbet.net
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April 16, 2013, 02:43:44 PM |
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I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail |
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medicine
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April 16, 2013, 02:50:28 PM |
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I can't say i'll never sell any coins, but my hope is btc will continue to grow and I won't have to. Haven't sold any yet and thinking about getting some more very soon.
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cho
Full Member
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Activity: 155
Merit: 100
Boar with me
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April 16, 2013, 03:14:31 PM |
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I hope I will never sell BTC for FIAT. I'm in for the long run. BTC is one of my source of hope for a better future, if it fails I'll feel much happier being part of that failure than being part of a FIAT success.
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1KEWxTkXPgfB9MdHJcfyoVnfHRnYEHQJPw
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SaintFlow
Sr. Member
Offline
Activity: 476
Merit: 250
The first is by definition not flawed.
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April 16, 2013, 03:19:30 PM |
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I will only sell to for the exchange of a one way ticket to the moon or to mars!
Or the comunity will donate and we open then the first interplanetary bitcoin
exchange.
The really long run for shure
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don't let me make you question your assumptions
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The Bitcoin Catalog
Full Member
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Activity: 238
Merit: 100
The Bitcoin Catalog ---> Get Started!
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April 16, 2013, 04:24:18 PM |
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I am only trading my bitcoin for goods and services and holding some until mainstream adoption.
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 16, 2013, 04:27:41 PM |
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I'd consider that possibility. The question will probably arise though if selling BTC for USD on the exchange itself will count as repatriating in the legal sense. It would be hard to day trade if you had to pay tax on every time you flipped a coin for a profit.
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more or less retired.
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alexeft
Legendary
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Activity: 854
Merit: 1000
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April 16, 2013, 04:36:01 PM |
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I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail  |
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Severian
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April 16, 2013, 04:37:28 PM |
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We'll be buying land with btc in five years, assuming it's still around.
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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April 16, 2013, 04:42:29 PM |
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No more FIAT for me.
Just follow the link on my signature to find out why.
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bitcoinminer
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April 16, 2013, 05:49:38 PM |
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In America we have an expression "Don't put all your eggs in one basket" - Here, the FDIC insures up to $250,000 in savings against losses. Above 250k, or in stock markets, and you're on your own. Not sure what happened over there but I heard about them taking money from depositors. What would have happened if they just let Cyprus go bankrupt? I'm not sure. Nobody is sure what the best way to do it would be.
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Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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RodeoX
Legendary
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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April 16, 2013, 05:51:16 PM |
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I will exchange my bitcoins for goods and services, but not for inferior money.
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Mike Christ
aka snapsunny
Legendary
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Activity: 1078
Merit: 1003
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April 16, 2013, 05:59:23 PM |
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We'll be buying land with btc in five years, assuming it's still around.
Bitcoin, or land?  |
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DastanX
Newbie
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Activity: 42
Merit: 0
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April 16, 2013, 06:01:14 PM |
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I hope I will never sell BTC for FIAT. I'm in for the long run. BTC is one of my source of hope for a better future, if it fails I'll feel much happier being part of that failure than being part of a FIAT success.
+1 and 100% of my toughts |
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Taz
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April 16, 2013, 06:02:47 PM |
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Spent all mine, any more I earn through selling will be used the same way.
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onealfa
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April 16, 2013, 06:05:21 PM |
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.... if it fails I'll feel much happier being part of that failure than being part of a FIAT success. +1 I could not say it any better. |
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Severian
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April 16, 2013, 06:07:12 PM |
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Bitcoin, or land? Either one. |
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DrKennethNoisewater
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April 16, 2013, 06:09:25 PM |
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I too am a true believer; However, it's not fun watching the 75% haircut.
I've been holding since before the 1st bubble when we went to $3.
Everyone just needs to remember that things in BTC land happen at a very
accelerated pace - AND, that our coins are divisible to 12 decimal places.....
wink wink, nudge nudge.
DKN
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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April 16, 2013, 06:12:17 PM |
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I may, but only to pay off debt.
I hate debt.
My plan is to set aside certain reserves of BTC for various events or timelines. For example:
- 100 BTC for when it can buy me a house (or possibly, just pay off the one I already have)
- 50 BTC for when it can pay off my school loans
- 50 BTC to not be used for 10 years
- 25 BTC to not be used for 25 years
Something along those lines. Then whatever else I have, I'll use whenever I feel like it for whatever I feel like.
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