quick wins or trying to change things

[El duderino_]

just saw this pic ........ so why not a small POLL



i know i'm a long term HODLER and believe BTC can change a lot, but @the same time i'm also always increasing (trying) my stash buying coins on the LOW etc to make more BTC's (as in investing to gain more capital)
though i try to live with BTC as payment for stuff as and with poker playing (running some games in the forum) etc... so i use BTC, but HODL the most.....
how about you guys , GOING FOR QUICK RICH
                                CHANGING THE FINANCIAL SYSTEM

(i just think i would like to always keep most of my BTC holdings,@least 50% , and like to transact in BTC for payments between friends and services, so i go for changing the "financial" but i do like the money/btc making part as well offcourse)

[wxa7115]

I am not really interested in getting short term profits, so I voted for changing the world but it is something that is not going to happen as soon as many people are thinking, it is going to be a very slow process that it will take a long time, the process could be accelerated if the economy of the world crashed and people finally realized that the financial system is rigged against them and they take actions to protect themselves.

But I'm not as convinced as before this will happen because if that was the case then people in the past had a lot of opportunities to realize that fact and yet they did not act or took precautions that could allow them to resist the next crisis that will surely happen.

[Slow death]

this is a very difficult question to answer because many decisions do not depend on the people, the important decisions depend on the government, I believe that most people would like to see bitcoin being used as a means of payments, but unfortunately reality is other , so people are in the crypto world to make a profit, only on the day that most governments regulate bitcoin and allow bitcoin to be accepted in many establishments we will see many people using bitcoin as a means of payment.

[gentlemand]

I've already been here long enough, and was underwater for long enough, for the idea of it being a get rich quick scheme to be laughable.

If Bitcoin sat there and did nothing forever I would still be interested but would be pulling money out. The potential for monetary gains are incentivising people to stick around and make it work. Very few want to change the world for no personal gain. Changing it while doing well is a win win.

At the absolute max I'd turn 50% to fiat once a certain amount was reached and I really shoud've done that in late 2017. Ah well. I'd prefer to completely erase the possibility of ruination if crypto failed. At the same time I would never want to be fully out.

[pooya87]

should it be one or the other? can't it be somewhere in between?!

i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat.
but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.

[Baofeng]

should it be one or the other? can't it be somewhere in between?!

i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat.
but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.

Exactly, I wanted for bitcoin to be used as a currency, (which I'm been doing for more than 1 year now). But at the same time, I have some I kept not to be used but rather as a investment, so obviously, I'm also here to make money, to be honest. So I'm somewhat in between as well, or somewhere between the currency aspect and the Store of Value in can bring to people, specially those who have tons of money to invest.

[cellard]

The money making part is linked to having a long term vision. Most people that wanted a quick buck have already sold. These guys will never get rich because they will keep getting triggered by the ups and downs of the price.

Few very early investors got rich by knowing what they had on their hands. A lot just mined it to buy weed on the darknet or something and lost the wallet and found it years later. Very few understood the fundamentals. From now on there is no excuse, there's enough info out there to understand bitcoin's fundamentals and why it is a must long term hold in any sound portfolio.

As far as changing the world goes... it already has changed the world. The fact that it's been 10 years and counting is pretty mindblowing. The world hasn't still assumed that you can now make transactions around the world without censorship which is why I think bitcoin has always been undervalued. The quick buckers are too busy trying to find bitcoin 2.0 to realize that.

[davis196]

Going for quick rich???Nobody can get rich quick,unless he wins the lottery or he's a gangster.
The "rich quick" mentality is wrong.If you wanna get rich and change the world,you will have to be patient and persistent as f*ck.We, as a community can change the financial system,but no individual can't achieve this alone.I would say that your question is kinda wrong.

[exstasie]

Another vote for "somewhere in between" here. I can't deny that the reason I'm here today is because I was attracted to the gains in 2013. The technology grew on me a lot over time as I saw examples of how powerful permissionless, cross-border transactions can be.

But there's no way around the greed factor. It's a good thing, really. The limited supply drives adoption, which in turn may have major effects on the global financial system.

[mwaqar17]

I am not an expert or trader but I like to believe on BTC. I am on your side because there is a need to change the financial system as there are rich people in the world that are becoming more rich with time. Change in the financial system might help people who are at lower bottom of the graph. BTC is an important crypto currency that can play it's role if used/invested properly and wisely. 

[LFC_Bitcoin]

A bit of both really, I’m not going to lie & say I’m not in this for BIG profits. Like gentlemand said, I too should have cashed out a sizeable % in late 2017 but I didn’t so I’m here HODLING until 2021 at least most likely.

In an ideal world bitcoin would become the primary world currency, not sure I’m going to be alive if/when that happens though.

Realistically I’ll sell around half of my stash a year or so after the next halving which will enable me to realise all my dreams & life goals. I’ll then HODL the rest of my stash forever probably & pass it on if I have kids.

[TrumpD]

The world is never going to change with people in it. Greed, avarice, self interest will always rule and win. Technology is only an illusion that things are better than thousands of years ago. I bet humans where happier then than now despite the "hardships". There isn't anything new under the sun, so I've voted for quick FIAT gains, but even this is very hard to achieve.

[clrpod]

Truthfully I would like both to happen but I won't lie and will admit that primarily my own finances will come first. I would love to promote crypto in such a way that it can achieve both of these objectives but I won't put the success of bitcoin ahead of my own livelihood.

[bitbunnny]

should it be one or the other? can't it be somewhere in between?!

i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat.
but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.

I think it's quite possibile to find your place somwhere in the middle. Key is the balance and I think this is possible.
Bitcoin can become mass currency, but for that takes time and it not will happen over night. And I don't have illusions that some day everyone in the world will use Bitcoin, because that will probably not happen.
But while we are waiting for mass adoption to happen Bitcoin is great source of profit as an investment and it should be fully used that way.

[El duderino_]

yeah its a F***ing difficult one, i just have a amount in BTC that i always try to increase and especially @this insane LOW prices... i do try to live with BTC as well by payments in BTC
payments between friends in BTC
but the main part is in cold storage to see the value of that part to be much more than it is nowadays.......

but when we go to very big numbers in that BTCvalue, then i will be selling some, but mostly just try to live with it as much as i can on however BTC will be used in that time

i think/hope, i will never sell more as 50% of my BTC holdings

[BitHodler]

The thing is that most people only feel that they gained something from their investment when they actually convert it to fiat. Only when they get rid of their bias towards fiat they can keep hodling endlessly.

What I do is simply convert 10% of my monthly income to Bitcoin, and transfer another 10% in fiat to my savings account. That way I don't face situations where I have to convert my coins to fiat. If I need money, it's in my savings account.

I kept it up for almost 2 years now, and I'm sure that I can continue doing this for many more years to come. If you have your priorities in order, you'll be fine. It doesn't even have to be 10% like me, it can be any percentage that works for you.

[El duderino_]

a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....

to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)

i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....

[TrumpD]

a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....

to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)

i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....

How long is a very long time? Some would say that nine years is more than enough. I think a better approach would be to set an amount to sell at once it hits, green or red,  in swings off course. Imagine a scenario where everybody holds their coins indefinitely with no trading? Spending your coins is essential to its growth and future.

nice avatar btw, been seeing a lot of hats on the forum lately. whats up with that?

[Harkorede]

I don't think for whatsoever reason anyone is buying or holding bitcoin just for the fun of it or simply for the sake of owning a bitcoin. Logically, maybe excluding Satoshi, everyone else whose has adopted even at its infancy has been based on incentives because who cares about the first man or set of people to adopt bitcoin ? but who doesn't care about a potential price bitcoin could attain?

i know i'm a long term HODLER.....  i just think i would like to always keep most of my BTC holdings,@least 50%

I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ?

[gentlemand]

I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ?

I would sell a proportion. I would not buy back. I would extract a certain amount as a hedge. Bitcoin is looking great and I would prefer to remain all in but you never know what's around the corner. Once that was secured the rest would stay put for good.