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Author Topic: I don`t care about the market. I will HODL to USE!  (Read 2917 times)
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November 21, 2018, 02:02:48 PM
Merited by Kakmakr (1)
 #1

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
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November 21, 2018, 02:06:12 PM
 #2

What made you think of this? Is it because you learn that those FUD's are really not true? You see you should not trust and believe anybody here. And I agree with you OP. You should hold for now and maybe if you still have some good extra money then buy out more bitcoin now. This is the best time to buy crypto where market is down. Mind you it will comeback but it take some time to recover.

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November 21, 2018, 02:08:46 PM
 #3

At last there is a real crypto enthusiast. Smiley

Your intention is right the crypto currencies are found to spend or transact between the two users without much burden and any third parties support.Don't worry the price won't go to $1 when the time comes you are going to spend it so just chillout and enjoy the red days.

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November 21, 2018, 02:19:27 PM
 #4

Seeing someone recognize the true potential of crypto is a good thing and not just for investment vehicle only or rich quick scheme.  Smiley
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November 21, 2018, 02:23:54 PM
 #5

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.

Much appreciated, that's a wonderful plan mate If you have made intentions about not selling coins for at least 2 years. I will say it is a great work now the situation is very worse and not sure where it will stop, Sometimes you need to take the risk and invest. I suggest you plan for buying coins at cheap prices and sell once the value Increases, If the market recover's then you can sell for a good price.

 
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November 21, 2018, 02:42:47 PM
 #6

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

As much as I agree with your sentiments regarding the flaws of the fiat banking system, keeping all your funds in BTC or other crypto is a bad idea. You say you don't care if the price goes to 1 cent. If all your money is in BTC, I'd bet you would care quite a lot if you lost >99.999% of your net worth. Regardless of how "real" your 1 cent is, that's not going to pay your rent or buy your food.


it`s enough if I will be able to operate with it for every single purchase and for all of my needs.

Again, as much as I would like this to be the case, it simply isn't at the moment and won't be any time soon. As much as I would like to only use crypto, we have to use fiat for bills, food, gas, etc. Keeping a healthy exposure to crypto and various fiat investments is necessary for a secure future.

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November 21, 2018, 02:50:25 PM
 #7

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.

Indeed, this's the main purpose of creating cryptocurrencies and that we are always should remember this.

Obviously there is manipulation by some parties, people to create a destabilization in faith cryptocurrencies. It is our duty not to give them success in this endeavor.

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November 21, 2018, 02:51:32 PM
 #8

Sell when price rises.  Buy when price drops.  Most people don't do this so they lose, lose, and lose again.

That is the secret to wealth.  Your welcome, carry on.

HODL is the key to wealth
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November 21, 2018, 02:56:42 PM
 #9

well good for you but i don't think you are doing the right thing by having "ALL" your savings in bitcoin. as long as humans were making investment, they were advised to diversify and also to invest what they can afford to lose not all their savings.
of course your strategy depends on your lifestyle but for an average person, specially the bread winner of the family doing something like that is reckless in my opinion. don't get me wrong i strongly believe in bitcoin's future and i have a large stake in it but i still keep fiat and also other assets as a safety net.

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November 21, 2018, 02:59:37 PM
 #10

That's the mentality we need to have now, we are in this until the end, bitcoin really should not have an arbitrary value, unfortunately for the people who invested when it was in ATH, nothing can ensure that it recovers that value, so bitcoin is worth $1 will still be possible to use it for its purpose.
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November 21, 2018, 03:14:12 PM
 #11

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
your trust is very true, and it will produce maximum results in the future, this is not the end of everything from a crypto struggle
I support your decision

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November 21, 2018, 04:02:33 PM
 #12

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
your trust is very true, and it will produce maximum results in the future, this is not the end of everything from a crypto struggle
I support your decision

I can say this is rarely good headline, most of us should support and follow this guy example. Holding until we are able to use it directly for everything, that should be the goal for all of us who support crypto currencies. People shouldn't worry about this drop and to panic now when prices are going down, this is just temporary, crypto is here to stay and people should have some safe place for keeping crypto, at least some of it, and to hold it for future, have fun with the rest but always have something in saving and I agree with op that's better to save crypto than fiat in banks.

 
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November 21, 2018, 04:09:07 PM
 #13

You're ahead of the game but not everyone's playing yet which is the main problem.

Cryptocurrency's future ultimately depends on likeminded people interested in using it. Decentralization is reliant on enough people wanting it to happen and it will not happen otherwise!

We vote for these ideals by our actions.
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November 21, 2018, 06:03:52 PM
 #14

You see crypto in the long term that some people don't have thoughts like you, they easily panic and sell low. What you see is the truth that crypto is full of benefits.

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November 21, 2018, 06:06:45 PM
 #15

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.

That is attitude! Lets more think like others are thinking and have own opinion.
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November 21, 2018, 06:10:32 PM
 #16

At last there is a real crypto enthusiast. Smiley

Your intention is right the crypto currencies are found to spend or transact between the two users without much burden and any third parties support.Don't worry the price won't go to $1 when the time comes you are going to spend it so just chillout and enjoy the red days.


Hmm, I was going to say a real dummy.

Diversification is key , putting all your eggs in 1 basket is a recipe for disaster.

* Bitcoin is not guaranteed to survive ,it is a product with No Guarantees ,
so unless St4yInTh3D4rk has the capability to keep a few warehouses of ASICS running,
his financial future depends on miners that only work for profit. (ie: no profit , no miners , no bitcoin)

No one tell him,  we don't want to burst his fairy tale bubble, he probably has a unicorn in there with him.  Cheesy


I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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November 21, 2018, 06:10:44 PM
 #17

You should be able to think again in this case, it's okay if the money you use in crypto is "fine to lose it". so, when later the old crypto to recover at least you can still let it go. What is feared is, the money you use is your capital for business and daily needs
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November 21, 2018, 07:52:30 PM
 #18

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
Thank you for writing this. During these hard times we need to see that there are people out there who still believe in bitcoin. I agree that banks are terrible ad keep charging people for no reason, but I find it hard to stay calm when btc is falling so much. I've been saving money in btc for a while and so I lost quite a big sum because of the recent drop. I would still use bitcoin whatever the price is, but if the price keeps goin down, I don't want to lose all of my investments. Yes, banks are terrible, but fiat is stable and this is kind of important. I had 1k in December last year and decided to hold it. As you can guess that $1k became some $300 pretty fast... I really wish bitcoin wasn't like that. It's okay if it doesn't grow, but it should stop falling and at least reach some nice $15k level and stabilize there.

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November 21, 2018, 08:09:55 PM
 #19

This should be the spirit of all crypto investors but most investors are quite shaken by the current market rate and as a result of that they are all selling cheap. Well it is very good that you have realized this nature of bitcoin before any run. There is always a dump in price before the rise so i agree with you to hodl your bitcoin for future use.

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November 21, 2018, 08:53:58 PM
 #20

All my savings are currently in BTC and all I can safe in future will go into BTC as well.

I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..

I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..

NEVER AGAIN!

I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
What will you do if the price goes down more? I understand your love to Bitcoin but no one knows what will happen in the future, nobody guarantees that the price will not fall further. Another possibility is that Bitcoin will be replaced by another digital currency. So you should see these as a possibility and invest Bitcoin as much as you can afford to lose and diversify remaining portion of your portfolio among some investment sectors according to their risks.

 
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