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Author Topic: How many people never plan to repatriate BTC to FIAT  (Read 3463 times)
evoorhees
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April 22, 2013, 10:39:07 AM
 #41

I don't think anyone can say, "I'll never sell any BTC for fiat"... but indeed I will do very little of it. I cashed out of USD into Bitcoin, and that's the currency I prefer to both use and save with.
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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tahar
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April 22, 2013, 12:59:45 PM
 #42

I'd not go back to FIAT, unless it transpired that i was unable to purchace what i needed with BTC in the medium term.
Matthew N. Wright
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April 22, 2013, 01:01:28 PM
 #43

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 Smiley

This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.

"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".

You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.

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April 22, 2013, 01:11:18 PM
 #44

Holding on to my BTC amounts for a few years at least, and planning to keep mine generating more via Pyramining, which will eventually go into an Armory-locked account. Got a few litecoins in cryptostocks generating more through dividends, purely due to there being no equivalent of Armory available for Litecoin.
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April 22, 2013, 01:11:48 PM
 #45

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 Smiley

This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.

"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".

You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.


your right to a point a better coin could come out *cough* ppc....

but maybe what your missing is the BTC community will simply fork them block chain/client and incorperate whatever changes make the new coin better...see BTC has effectively at least 1000 top programers/maths algo / crpto people hooked into it, with a vested interest in making it work...probably near the most elite in their field (if google et all had half a brain they would be trying to recruit in the community, though alot of chaff). Other coins /systems are unlikely to garner this brain truss behind them.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
Matthew N. Wright
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April 22, 2013, 01:18:50 PM
Last edit: April 22, 2013, 01:36:11 PM by Matthew N. Wright
 #46

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 Smiley

This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.

"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".

You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.


your right to a point a better coin could come out *cough* ppc....

but maybe what your missing is the BTC community will simply fork them block chain/client and incorperate whatever changes make the new coin better...see BTC has effectively at least 1000 top programers/maths algo / crpto people hooked into it, with a vested interest in making it work...probably near the most elite in their field (if google et all had half a brain they would be trying to recruit in the community, though alot of chaff). Other coins /systems are unlikely to garner this brain truss behind them.

No amount of fancy titles and human resources can make a currency system work if there is a better one available-- isn't that the very reasoning bitcoiners themselves give when claiming bitcoin will "crush fiat money"? How come they don't apply it to bitcoin as well?

I enjoy investing my time, energy and work into bitcoin in any way possible. I enjoy promoting certain aspects of it when it seems appropriate to do so.

If a completely different group of people designed a type of money that was just as "sound" as bitcoin but didn't need miners to hash anything, you better believe all the ASIC and large BTC owners would try to downplay its significance and claim that "bitcoin is too big to fail!", whereas the users of it with common sense would say "great!" and either switch to the new one or continue using both.

On that note, be weary of people who attack alt-currencies and payment systems like Ripple prematurely. They absolutely have a vested interest in Bitcoin, sometimes to a point of manipulation and corruption.

It's cultism.

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April 22, 2013, 01:30:45 PM
 #47

I have a BTC "fund" what I won't sell in the near future. I'm waiting for quality services/companies implementing BTC and see what can I get for them (in about 5 years).

I also have a spending, donation and trade "budget".
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April 22, 2013, 04:51:05 PM
 #48

me? im a colledge students, colledge funds from parents and grandparents will run out in 1.5 years. after colledge il probly get back in

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