Pages:
Author

Topic: How many people never plan to repatriate BTC to FIAT - page 2. (Read 3518 times)

legendary
Activity: 2506
Merit: 1010
I will exchange for gold. 1 btc = 1 troy ounce of gold. Not cheaper. )

It wasn't that long ago that such a day arriving seemed so far off.  With gold dropping the chances of Bitcoin hitting that in the next year or two (or less even) would not be surprising.
hero member
Activity: 658
Merit: 536
Z-pay.io
I will exchange for gold. 1 btc = 1 troy ounce of gold. Not cheaper. )
sr. member
Activity: 308
Merit: 250
Just wondering how many people plan on never returning BTC or Other Cryptos back to GOV FIAT, that is they plan to wait for broad based adoption of BTC et.al so you can buy goods services, houses, bread...etc

This sort of view is a mind set I guess, but it makes the whole USD/BTC drama irrelevant to a large extent

+1 When at all possible.
hero member
Activity: 518
Merit: 500
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.
full member
Activity: 125
Merit: 100
If the market centers were more robust it would be nice, having to overcome lag from Japan
and MtGox is simply ridiculous.
legendary
Activity: 1176
Merit: 1001
minds.com/Wilikon
I have very little amount of coins. I plan to get more, and more. for me it is an investment into the technology and the concept, not a way to make money quick and get back out. Unlike some, I don't believe those who do exactly that are evil. They contribute to give bitcoin value, even if it crashes after they pull out fast.

sr. member
Activity: 389
Merit: 250
I may, but only to pay off debt.

Me too.  Still accumulating though
hero member
Activity: 490
Merit: 500
... it only gets better...
I'm one.
legendary
Activity: 1400
Merit: 1005
I may, but only to pay off debt.

I hate debt.

My plan is to set aside certain reserves of BTC for various events or timelines.  For example:
- 100 BTC for when it can buy me a house (or possibly, just pay off the one I already have)
- 50 BTC for when it can pay off my school loans
- 50 BTC to not be used for 10 years
- 25 BTC to not be used for 25 years

Something along those lines.  Then whatever else I have, I'll use whenever I feel like it for whatever I feel like.
full member
Activity: 125
Merit: 100
I too am a true believer; However, it's not fun watching the 75% haircut.

I've been holding since before the 1st bubble when we went to $3.

Everyone just needs to remember that things in BTC land happen at a very
accelerated pace - AND, that our coins are divisible to 12 decimal places.....
wink wink, nudge nudge.


DKN
sr. member
Activity: 476
Merit: 250
full member
Activity: 235
Merit: 100
.... if it fails I'll feel much happier being part of that failure than being part of a FIAT success.

+1

I could not say it any better.
Taz
full member
Activity: 210
Merit: 100
Spent all mine, any more I earn through selling will be used the same way.
newbie
Activity: 42
Merit: 0
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.

+1 and 100% of my toughts
legendary
Activity: 1078
Merit: 1003
We'll be buying land with btc in five years, assuming it's still around.

Bitcoin, or land?  Tongue
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I will exchange my bitcoins for goods and services, but not for inferior money.
sr. member
Activity: 322
Merit: 252
In America we have an expression "Don't put all your eggs in one basket" - Here, the FDIC insures up to $250,000 in savings against losses.  Above 250k, or in stock markets, and you're on your own.  Not sure what happened over there but I heard about them taking money from depositors.  What would have happened if they just let Cyprus go bankrupt?  I'm not sure.  Nobody is sure what the best way to do it would be.
donator
Activity: 784
Merit: 1000
No more FIAT for me.
Just follow the link on my signature to find out why.
sr. member
Activity: 476
Merit: 250
We'll be buying land with btc in five years, assuming it's still around.
legendary
Activity: 854
Merit: 1000
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 Smiley

 Grin
Pages:
Jump to: