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Author Topic: I have never cashed out and looking at the actions of Apple and Paypal I'll hold  (Read 872 times)
Luckybit
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February 07, 2014, 11:35:57 AM
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Bitcoin represents your freedom. All the people saying cash out are Bitcoin newbies who don't understand what Bitcoin represents yet. We have all been there.

The best advice is don't cash out unless it is the last resort. If you truly believe Bitcoin and cryptocurrencies are better when Bitcoin is volatile and crashing you can park your wealth into another cryptocurrency which does not inflate.

But why would you want to move out of a currency internationally controlled by the people which has intrinsic value to put it into a national/poltiical currency guaranteed to inflate?

Learn how to use arbitrage and how to park your value from one form to another. Find an altcoin which has a fixed supply, with little or no inflation, and which can even pay dividends and park your value there.

When you'll receive daily, weekly, yearly dividends, your monetary value is safe from this crashing nonsense. For the newbies I suggest you spend the next few months conducting your research into the alternative currencies rather than cash out to fiat.

If you cash out to fiat you're sacrificing freedom for the illusion of security. If you can pay your bills and keep your freedom intact then don't cash out because this is just the beginning of the wave and less than 1% of the United States (and even less of the world) has purchased a Bitcoin. If you're worried about losing money then cash out when a coin is worth $100,000+ and only cash out enough to last about a year.

If my post sounds delusional with $100,000 a Bitcoin check back later this year to early 2015.
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seleme
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February 07, 2014, 11:39:28 AM
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Their actions mean fear  Wink

Their fear won't help them though, Honey Badger is power of the nature  Shocked

Luckybit
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February 07, 2014, 11:41:10 AM
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Just for the record, my entire life savings (which isn't a lot) is invested in crypto assets. It's a risky business but cashing out rewards companies like Paypal and Apple who want to tell us how to spend our money. The central banks want to micromanage the "free" market to the point of telling us how to spend our money via advertising and not allowing us to have free speech to donate or spend how we want or to even download what we want (whether it be mp3s or a Bitcoin wallet).

If we keep giving corporations like this power they will start trying to control how we think and every aspect of our lives.
Bill Bisco
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February 07, 2014, 12:11:45 PM
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I believe in cryptocurrency and I will HODL as long as I feel Bitcoin's fundamentals are there. I don't get phased if some govts or economists or countries try to drive the price down.  Inevitability comes and I will be patient and stalwart for it.

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February 07, 2014, 12:25:24 PM
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Same here. I think it's too risky to sell during these times so what I always do instead of joining the herd and panic I just send in new fiat and buy those panic dips. If the price drops below $610 on Stamp my buy orders will start getting hit and I will keep buying coins all the way down to $382, although I doubt it will actually get that far. I'm definitely not letting some Russian bankers or Apple dictate what happens to Bitcoin or what I should do with my money.

Bitcoin = Gold on steroids
cosmofly
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February 07, 2014, 12:54:23 PM
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OK so can u plz tell us about this magical altcoin that has a stable price, doesn't crash and pays nice dividends?

Plz do tell otherwise our entire post is just ass talk.

Luckybit
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February 07, 2014, 04:47:47 PM
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OK so can u plz tell us about this magical altcoin that has a stable price, doesn't crash and pays nice dividends?

Plz do tell otherwise our entire post is just ass talk.

There is Bitshares http://invictus.io/bitsharesx.php which has a fixed supply and will give a 5% dividend. There are also a bunch of alt coins and assets which pay dividends and also have fixed supply.

Just watch the securities thread https://bitcointalk.org/index.php?board=78.0 and you'll see all kinds of opportunities.

Bugpowder
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February 07, 2014, 09:20:08 PM
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OK so can u plz tell us about this magical altcoin that has a stable price, doesn't crash and pays nice dividends?

Plz do tell otherwise our entire post is just ass talk.

There is Bitshares http://invictus.io/bitsharesx.php which has a fixed supply and will give a 5% dividend. There are also a bunch of alt coins and assets which pay dividends and also have fixed supply.

Just watch the securities thread https://bitcointalk.org/index.php?board=78.0 and you'll see all kinds of opportunities scams.



FTFY
BitcoinAshley
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February 07, 2014, 09:31:44 PM
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Sounds like you're a BITCOIN TRUE BELIEBER

 Cool
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