I am not a speculator. This is why I keep most of my monthly savings in bitcoin.

[epere]

I know my BTC is worth something. If a thousand people who grew up under authoritarianism think like me, then BTC is worth billions. This is not considering BTC as a medium of exchange, as an investment in a portfolio.

[iluvbitcoins]

I was hodling too

And I will never sell my bitcoins

At least not for the coming 10-15 years

However I invested them in antminers now, hope I'll break even as soon as possible

never sell

[alani123]

But wouldn't a true hodler buy miners with FIAT? 

I'm looking at you iluvbitcoins.

[iluvbitcoins]

But wouldn't a true hodler buy miners with FIAT? 

I'm looking at you iluvbitcoins.

yeah, he would

but since I'm underaged [no bank account, no credit cards] the only thing left to pay for them is bitcoin

[1Referee]

At the moment it's better to hold if you can.

But you never know what will happen in your life, there will be a time that you might need to convert your btc to fiat currency.

[shogdite]

I always end up spending my btc 

Determined to start saving more in the future, might even build up an alt portfolio though I need to do a lot of research first.

[Daniel91]

I know my BTC is worth something. If a thousand people who grew up under authoritarianism think like me, then BTC is worth billions. This is not considering BTC as a medium of exchange, as an investment in a portfolio.

This is good choice if you don't need to spend this Bitcoin for your living expenses.
Otherwise, you have to spend some
This is my case.

[addroup]

Speculators have an hard work with bitcoins, most of daytraders are only losing money trying to predict btc's value.
I'm holding too!

[leex1528]

I hope it works out for you...

I have just been earning free bitcoins and putting all cash toward paying off my loans....Hopefully if Bitcoin does hit 5k(I don't think it will) I'll have around 10 coins and that will be fine for me anyway...


I just hate seeing this posts because I don't want to see people get destroyed if something were to happen.

[commandrix]

Hodl...for now. Right now I'm working on earning Bitcoin as quickly as possible (Okay...I feel like it's going at a snail's pace) so I can fund some travel I expect to do in the near future.

[lynn_402]

But wouldn't a true hodler buy miners with FIAT? 

I'm looking at you iluvbitcoins.

yeah, he would

but since I'm underaged [no bank account, no credit cards] the only thing left to pay for them is bitcoin

That's cool, I never realised before how cryptocurrencies had and useful potential for underaged people.

[botany]

Speculators have an hard work with bitcoins, most of daytraders are only losing money trying to predict btc's value.
I'm holding too!

There are a lot of people whose strategy is to hold. Seems to be a reasonable one given what we have seen so far. 

[Justine]

Lots of new coin coming up. Some long term holders are hedging their bet and putting some money into new generation of coin.

Long term holder of bitcoin need to be aware of the trend.

[lynn_402]

Lots of new coin coming up. Some long term holders are hedging their bet and putting some money into new generation of coin.

Long term holder of bitcoin need to be aware of the trend.

This has been going on for a while though, since the beginning of Peercoin and Litecoin. The peak was this winter, at the end of BTC's bubble.

At the moment, the altcoin market doesn't seem to be as lucrative as before.

[iluvbitcoins]

But wouldn't a true hodler buy miners with FIAT? 

I'm looking at you iluvbitcoins.

yeah, he would

but since I'm underaged [no bank account, no credit cards] the only thing left to pay for them is bitcoin

That's cool, I never realised before how cryptocurrencies had and useful potential for underaged people.

yes, I'v also found a work around for PayPal, been using it to purchase over 50ish items altough I don't own a credit card

[Brewins]

as the Zurich's axioms book says: all investing is speculation

You speculation is that your bitcoins are worth something, and may even reach billions/each(what is impossible if you do the math, but I got the point), and in 15 years they will be worth much more than they are worth now(in special, more than 0, so bitcoin will survive 15 years)

[FUR11]

I know my BTC is worth something. If a thousand people who grew up under authoritarianism think like me, then BTC is worth billions. This is not considering BTC as a medium of exchange, as an investment in a portfolio.

Wow, that's a bold stance! Nicely worded as well (especially the title). But to be honest, I think depending on the country you're living in, Bitcoin is still the riskier commodity or currency when compared to the local FIAT currency or commodities like gold, etc...

[beetcoin]

if you put all of your money on bitcoin, aren't you basically speculating? speculating that its value will hold up better against fiat or other commodities.

[lynn_402]

if you put all of your money on bitcoin, aren't you basically speculating? speculating that its value will hold up better against fiat or other commodities.

Not necessarely, one could buy Bitcoins because they like the social and economical aspect of it, and they want to be part of that movement, with speculation being not the most important argument to the decision.

[tinof]

I know my BTC is worth something. If a thousand people who grew up under authoritarianism think like me, then BTC is worth billions. This is not considering BTC as a medium of exchange, as an investment in a portfolio.

BTC is worth something as long as someone willing to give it a value. The illusion of value may not always be there. Fiat, on the other hand, will always be accepted by the country.