What the future HODL?

[Bardman]

The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

Or just don't report any taxes in this specific case. Seriously, if you try to do the good thing but don't have any documents, screenshots, spreadsheets, etc, you're basically fucked.

The government doesn't care about how much of a brave citizen you try to be by reporting your taxes in all honesty, they are out to extort you till they have what they (very wrongly) think you owe them. My motto is; what the government doesn't know can't hurt you, financially or physically. We are a bunch of criminals and tax evaders from their perspective, so we can only do wrong.  

As for the altcoins you still have, wait for the next bull run and convert them to BTC, that's the smartest thing to do. I do that too with the wide variety of shit forks that I still haven't claimed. Even the worst possible shit coins pump hard against their BTC pair, so there isn't much to lose here.

Ehh depends on the country, personally in Spain I reported my gains in crypto last year and they were quite ''generous'' to overlook a lot of transactions and other evidence that I didn't have. In fact I almost only needed to provide the exchanges trades and a few screenshots here and there since bitcoin is still not fully regulated here. Problem is that if you keep evading taxes they will bite you in the ass one day, specially if you are planning to make a substantial amount of money through cryptos, you will eventually want to buy a house a car, etc, how are you going to do it?

Even if you manage to withdraw the money without them knowing, how are you going to hide your house/car? Are you going to buy them illegally somehow? I think it's just too much trouble. If you are making really small gains then sure, don't pay taxes but if you are making a living with cryptos or more, you should pay them.

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[Kaller]

The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

Or just don't report any taxes in this specific case. Seriously, if you try to do the good thing but don't have any documents, screenshots, spreadsheets, etc, you're basically fucked.

The government doesn't care about how much of a brave citizen you try to be by reporting your taxes in all honesty, they are out to extort you till they have what they (very wrongly) think you owe them. My motto is; what the government doesn't know can't hurt you, financially or physically. We are a bunch of criminals and tax evaders from their perspective, so we can only do wrong.  

As for the altcoins you still have, wait for the next bull run and convert them to BTC, that's the smartest thing to do. I do that too with the wide variety of shit forks that I still haven't claimed. Even the worst possible shit coins pump hard against their BTC pair, so there isn't much to lose here.

Ehh depends on the country, personally in Spain I reported my gains in crypto last year and they were quite ''generous'' to overlook a lot of transactions and other evidence that I didn't have. In fact I almost only needed to provide the exchanges trades and a few screenshots here and there since bitcoin is still not fully regulated here. Problem is that if you keep evading taxes they will bite you in the ass one day, specially if you are planning to make a substantial amount of money through cryptos, you will eventually want to buy a house a car, etc, how are you going to do it?

There are only two things unavoidable in life... death and taxes. xD

[snakey]

Why everyone is too specific about the Hodl, think of HODL as a investment oppurtunity. Will you ever question on your investment?? No never...so why you keep questioning and doubting the Hodl gang?

[mdzahed134]

Ig you are a trader then you already know that Bitcoin is good for long-term investment and that is why Bitcoin holders still adopt Bitcoin for the future.

A trader doesnt care about the price. He trades bitcoin at 20k and he trades bitcoin at 1k. All that matters to you as a trader is how many percent of your stack did you win or lose with your trade!

I think market condition is main fact for every trader who is newbie or professional trader. Because if suddenly market going to huge falling down when trader try to panic selling to recover loss. Even many traders stopped the trade for certain time. Safe zone and risk zone both of involved in trading you agree with it or not.                 

[beliomir]

Hodl is a good strategy in the long run, from 3 years. I believe that it is necessary to look at how projects develop and buy those tokens that in the long term will give a good profit

[aliceHortrex]

As for me, holding is very profitable.  Especially if it is a strong and progressive coin.  Which is growing steadily.  I think those who often hold it up very well.

[Chikitita2004]

I think people who earn bitcoin would never doubt about it and its future. Some of them have the mentality of buying more as long as they can since it's good for a long term investment. We are all aiming for the continuous adoption of bitcoin since that will bring a massive development and has a positive outcome for holders as well. Everyone wants financial freedom and that's the main reason why a lot of believers are holding more bitcoin.

Same here, I don’t consider bitcoin to be an ordinary or daily currency to buy and pay something with, I regard it as an asset which give me a better return in the right time, than could give me financial freedom if I know how to use it properly. I will hold for as long as possible until I reach my goal.

[Ale88]

Ehh depends on the country, personally in Spain I reported my gains in crypto last year and they were quite ''generous'' to overlook a lot of transactions and other evidence that I didn't have. In fact I almost only needed to provide the exchanges trades and a few screenshots here and there since bitcoin is still not fully regulated here. Problem is that if you keep evading taxes they will bite you in the ass one day, specially if you are planning to make a substantial amount of money through cryptos, you will eventually want to buy a house a car, etc, how are you going to do it?

Does Spain have a clear tax system for cryptos?

[Slow death]

The problem is that the big part of cryptoadopters are some kind of "investors", "traders", profit-hunters. It has nothing to do with BITCOIN. So they can go ahead and invest in BNB and whichever else BaNkCoin. Thats the shortest way to devaluate and eliminate BTC.

there are more than 2000 altcoins https://coinmarketcap.com/all/views/all

and even with this large amount of altcoins, bitcoin still has a great dominance, so I ask myself:

What is your problem with BNB and Binance?

Why are you using bitcoin to achieve BNB?

there is space for all altcoins, and we do not have to create unnecessary wars

BTC is NOT about that. Its for FREEDOM (dont read financial-freedom), and if its not so important for You, go ahead and "invest" in BNB. Next we can see how some customers are banned just because they tweeted something "wrong" about some big player, or some wallets become blocked just because the owned run an website named crypto-leaks with very unpleasure information about the big players..

I believe you are talking about the case of faketoshi and his altcoin, but it was a necessary measure and we have nothing to worry about

#deletecoinbase was a big thing, however very poor supported by the community. I hope we can wake up before to be too late. Be careful: DO NOT TRADE Your FREEDOM.

No one is selling their freedom, the exchanges are centralized services that must obey laws

[hicaribou]

The problem is that the big part of cryptoadopters are some kind of "investors", "traders", profit-hunters. It has nothing to do with BITCOIN. So they can go ahead and invest in BNB and whichever else BaNkCoin.

This is the problem that i see clearly these days. Most of the people who came into this cryptomarket are still not reach their financial security level yet and only looking for some earning in this field.
So they still dont have much time or any engouragement to think about that "FREEDOM" and support cryptocurrency for its actual use case.

What I thought is how people see this cryptocurrency has deviated from what it should be and people who are in this market currently are not people who are expected to come into this market and adopt the cryptocurrency. From people who should come and use their money here (people who are expected) to people who are looking for money here (now).

[faceoff97]

I think we will have to compromise some of our Freedoms for the common good and to see Bitcoin and other Cryptocurrencies flourish. Unless the whole system of world governance is overhauled, we can't really see the rise of Bitcoin and long term HODL, as well as the mass utility of it unless we have some regulation and intervention. We want mass adoption and many people hodling Bitcoin but that will come at a price. We want total freedom, then we need first to get rid of the poor governance we have and that will take a long time. For now, though the HODL still applies and it's a long term one for many I believe.

Agree with you, there a lot of things to change when wanting to make Bitcoin adapted by the majority. I believe that there is going to be a regulation and intervention for us to be able to see the price becoming stable. But this is not really the of crypto, it should give us the total freedom from any third trusted party. Still prefer to hold since I believe that with or without intervention, the future of Bitcoin is great and bright.

[killat]

It all depends on what you hold and what's your trading experience.

Sometimes is better just to hold and wait rather than risking uninspired trades.

[DarkIT]

As for me, holding is very profitable.  Especially if it is a strong and progressive coin.  Which is growing steadily.  I think those who often hold it up very well.

well, I don't think this is certain. we don't know the potential of the coins that we hold, unless they really have great potential. however, I also chose to hold, because holding has a great potential to make prices higher, especially for coin coins that have good developers.

[QueenW]

It all depends on what assets you hold. if these are coins from the top 10 or even 50, then I think you should not worry, they will soon make a profit. but less popular coins may not survive after such drops in the market.

[Dreamchaser21]

As for me, holding is very profitable.  Especially if it is a strong and progressive coin.  Which is growing steadily.  I think those who often hold it up very well.

Only hold top coins so you can have more assurance to have profit. I don’t recommend to hold shitcoins because it will only bring stress to you especially in long term and there’s a possible for that coin to be gone. Holding is profitable until now, and best option for not an active trader.

[TimeBits]

Unfortunately, there is a very small portion of the community that belongs to 'Do Not Trade Your Freedom' group. The majority doesn't care. Imagine this, Jack hears about bitcoins from his neighbor next door and keeps hearing things like bitcoin make people rich. Jack googles 'buy bitcoins' and he is convinced to buy it from coinbase or other 100 other shitty exchanges. All jack cares about is doubling his money.

It hurt me to say this but you are right, they are not even real player. They are NPC`S https://en.wikipedia.org/wiki/Non-player_character It is hard to teach old dog new tricks. Some people can`t even form their own beliefs they just go with the flow Monkey see, Monkey do. The education system makes them this way.

To be honest most are just unaware of how fiat is made or even how bitcoin was made, over time they will get it, I just hope before it is to late.

I have the solutions here, if you want freedom. I am just not smart enough to make it work in the real world, I am bad at convincing people stuff.
https://bitcointalk.org/index.php?topic=5135915.0

another conversation that make sense
https://bitcointalk.org/index.php?topic=5137469.0

DO NOT TRADE YOUR FREEDOM. GIVE THEM NOTHING!
OP I WOULD MERIT THE SHT OUT OF YOU IF I HAD ANY LEFT!

Feel free to use anything from my videos if you want on your channel/blogs I will not copyright strike anything.

[jimskiy]

Hold of altcoin asset have light of the future because we are waiting the best moment where many people invest money in bitcoin and altcoin, make bitcoin could raised back to higher price and have much profit for us.

[Thermytee]

There's no denying the fact that bitcoin will rise higher in the nearest future so while some HODL others just sell anytime. Of course most traders still have large volumes of BTC being traded and stored.while others have other valuable coins which too is stable and presently in profit. Major coins will continue to HODL

[rijaljun]

Do you mean long-term HODLer? I'm pretty sure they will not bother themselves to find or do any research about the current situation. They will simply think "I trust this, this is the biggest investment opportunity, this would give me much profit in the future and make me rich!". This kind of simple think makes them don't really afraid of condition like market crash, FUD, or anything bad. Also, they are the most understand people to only invest in what they can afford to lose. They are warrior!

[jakezyrus]

Do you mean long-term HODLer? I'm pretty sure they will not bother themselves to find or do any research about the current situation. They will simply think "I trust this, this is the biggest investment opportunity, this would give me much profit in the future and make me rich!". This kind of simple think makes them don't really afraid of condition like market crash, FUD, or anything bad. Also, they are the most understand people to only invest in what they can afford to lose. They are warrior!

well id say not all of them  . not all hodlers are warrior (as what you said )   but some of them are only hodler wannabe . dont want to be outdated , the want to be on trend and that is the reason why they buy/invest on cryptos  but the only problem is that when they see a un-usual decrease they began to panic resulting for them to sell their coins  . while for us that are die hard hodlers ,  we are the real warriors . we can ensure that we have a good future as long as we hodl good coins  .