Lots of hold hold hold. yes, that is what Ive been doing.
But how does that help me as an investor in this coin.
How does that help spread usage of this coin
Selling doesnt help spread usage either.
I think BTCD will be in pretty high demand just so people can stake with it and get free teleporting for the commodity coins, like bitcoin
Think of owning BTCD like owning a membership that allows access to valuable services. Sort of like a passport, the more BTCD you have the more things you can do.
BerkshireHathaway stock is primarily a HODL stock, possibly the original HODL. It seems have done quite nicely over the years
James
I agree selling doesnt help spread usage. But actively trying to promote teh coin outside of the tech lab does.
Anyway, I see now this is not a coin intended for such usage. But isnt that what Crypto currency was supposed to
be about?
I think BTCD will be in pretty high demand just so people can stake with it and get free teleporting for the commodity coins, like bitcoin
This I don't understand at all. How can owning BTCD give me commodity coins?
I need a reason I can understand to continue buying these coins and holding on to them.
I just thought they were a truly anonymous coin and for me that signalled an edge over some.
Thats why I started buying them.
How much does it matter if you have USD, EUR or YEN?
If you have $1000 worth, then other than hassle of converting, it is all the same isnt it?
So, if you have 1 BTC or 1 BTC worth of BTCD, what is the difference?
As far as the buying power (ignoring conversion overheads) no difference. So, crypto is crypto is crypto, with automatic low overhead conversions, you should be able to view crypto not as any specific currency, but more a vector of possible currencies. OK, that came out too complicated.
Do you know of the pens that have different colors? You click the red thing to make it write red, the blue for blue, etc.? I see crypto like that. If you want BTC, click BTC, if you want BTCD click BTCD.
So, fiat -> crypto (of any color)
Now, if you want quick conversion less access to do purchasing, BTC seems to make sense. maybe for highly traded coins with enough liquidity for your uses and low spreads, you can keep it in other coins that have better properties than BTC.
Once such property is 5% per year staking. BTC mining has a built in ~8% deflation. Since not everybody is staking, with BTCD if you are staking you are actually getting net positive interest, I estimate 1% to 2%.
BTCD will also be getting some revenue sharing, but it will also let you teleport itself and other coins for free. It gives you access to InstantDEX, privacyServer is built right in, etc.
BTCD is more than just a coin, it is hard to explain in few words. As it is gaining a lot of power relatively quickly, I am expecting it to grow in value faster than BTC for a while. So, in addition to other benefits I think medium term price appreciation is another.
I leave to you if you believe these are enough reasons to hodl, if not I am sure there are others ready to buy from you
James
I appreciate you taking the time to explain things. Not entirely getting it just yet, but in time Im sure I will.
I will hold on to what I have for a while, but will be taking a step back from buying more. The reason for that
is I'm all about empowering people, the regular folks on the street, protecting privacy/liberty etc etc. Free them from the fiat banksters and their
puppets politicians. Get them using alt coins.
Whether yo believe this or not - I am not really in this to make money. Havent made anything from Alt coins so far anyway.
But thats not to say Im happy to lose investments.
