Topic: How many people never plan to repatriate BTC to FIAT (Read 3518 times)
me? im a colledge students, colledge funds from parents and grandparents will run out in 1.5 years. after colledge il probly get back in
I have a BTC "fund" what I won't sell in the near future. I'm waiting for quality services/companies implementing BTC and see what can I get for them (in about 5 years).
I also have a spending, donation and trade "budget".
I also have a spending, donation and trade "budget".
hero member
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I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail 
This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.
"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".
You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.
your right to a point a better coin could come out *cough* ppc....
but maybe what your missing is the BTC community will simply fork them block chain/client and incorperate whatever changes make the new coin better...see BTC has effectively at least 1000 top programers/maths algo / crpto people hooked into it, with a vested interest in making it work...probably near the most elite in their field (if google et all had half a brain they would be trying to recruit in the community, though alot of chaff). Other coins /systems are unlikely to garner this brain truss behind them.
No amount of fancy titles and human resources can make a currency system work if there is a better one available-- isn't that the very reasoning bitcoiners themselves give when claiming bitcoin will "crush fiat money"? How come they don't apply it to bitcoin as well?
I enjoy investing my time, energy and work into bitcoin in any way possible. I enjoy promoting certain aspects of it when it seems appropriate to do so.
If a completely different group of people designed a type of money that was just as "sound" as bitcoin but didn't need miners to hash anything, you better believe all the ASIC and large BTC owners would try to downplay its significance and claim that "bitcoin is too big to fail!", whereas the users of it with common sense would say "great!" and either switch to the new one or continue using both.
On that note, be weary of people who attack alt-currencies and payment systems like Ripple prematurely. They absolutely have a vested interest in Bitcoin, sometimes to a point of manipulation and corruption.
It's cultism.
I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail
This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.
"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".
You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.
your right to a point a better coin could come out *cough* ppc....
but maybe what your missing is the BTC community will simply fork them block chain/client and incorperate whatever changes make the new coin better...see BTC has effectively at least 1000 top programers/maths algo / crpto people hooked into it, with a vested interest in making it work...probably near the most elite in their field (if google et all had half a brain they would be trying to recruit in the community, though alot of chaff). Other coins /systems are unlikely to garner this brain truss behind them.
Holding on to my BTC amounts for a few years at least, and planning to keep mine generating more via Pyramining, which will eventually go into an Armory-locked account. Got a few litecoins in cryptostocks generating more through dividends, purely due to there being no equivalent of Armory available for Litecoin.
hero member
Activity: 588
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I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail
This is the sunk fallacies cultist attitude that makes me sick about bitcoiners.
"This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers".
You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi.
I'd not go back to FIAT, unless it transpired that i was unable to purchace what i needed with BTC in the medium term.
I don't think anyone can say, "I'll never sell any BTC for fiat"... but indeed I will do very little of it. I cashed out of USD into Bitcoin, and that's the currency I prefer to both use and save with.
Just remove all fiat money from BTC exchanges. That's the only way to stop all kind of manipulation. I won't accept any fiat money for my BTC. Never!
+1
I hope I will never sell BTC for FIAT. I'm in for the long run. BTC is one of my source of hope for a better future, if it fails I'll feel much happier being part of that failure than being part of a FIAT success.
Hear hear
I too am a true believer; However, it's not fun watching the 75% haircut.
Sometimes I start to feel bad about it, until I remind myself just how far ahead I am even after a 75% haircut. 
I get paid in fiat. So if I have monthly expenses those are taken care of with FRNs if I cannot pay with bitcoins.
Other than that, I convert all the rest to bitcoins.
I reserved 1 bitcoin to pay off my mortgage. Though I would rather just pay a mortgage company in bitcoins.
Other than that, I convert all the rest to bitcoins.
I reserved 1 bitcoin to pay off my mortgage. Though I would rather just pay a mortgage company in bitcoins.
sr. member
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This bull will try to shake you off. Hold tight!
Its actually good to buy and sell against fiat in order to create a more fair and less volatile market price for BTC/USD.
Indeed, the only thing that will reduce volatility for real is selling when it goes hyperbolic, and buying when it's getting depressed.
This way you also reduce volatilty in your personal wealth, while on average not losing any coins.
I have just started, but yes, my plan is to start using Bitcoin as much as possible instead of fiat currency. However, I have yet to find what to buy with Bitcoin here in Mexico.
I have always thought that one market that could potentially be HUGE for Bitcoin would be for transfer of of monies earned in the US back to countries like Mexico, India and others. I have no idea the volume, but I would imagine that it's not small, and Bitcoin would allow the company to charge much smaller fees that their existing competition (most of them would be in changing from the currency to BTC and back again, not the actual transfer) and still do just fine for themselves while providing a valuable service.
I too am a true believer; However, it's not fun watching the 75% haircut.
Yes I don't see why it is bad to sell all your BTC and 2 days later buy it back, but back 4x as much with the same amount of fiat. That means you have quadrupled your BTC wealth in 48 hours. It is just unfathomable to me why so many people are against doing this. Oh well to each his own and have fun.
Selling it all would induce serious subsequent self-kicking if the price never dropped from that point! As for adjusting one's position (never selling all BTC for the reason already given), selling to bet the price will fall, there's nothing wrong with that at all but it is a gamble. Most of my BTC is in cold storage so will not make it onto any of the (dodgy) exchanges, but I have turned a small profit from speculating the LTC/BTC cross on BTC-e.
Its actually good to buy and sell against fiat in order to create a more fair and less volatile market price for BTC/USD.
keeping it all in bitcoins myself except if i need to buy stuff
I have just started, but yes, my plan is to start using Bitcoin as much as possible instead of fiat currency. However, I have yet to find what to buy with Bitcoin here in Mexico.
I am here to stay too. 
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