Topic: In a Bitcoin Disaster where would you move your Money? - page 4. (Read 7473 times)
I would try monero. I have heard some good news about it and I would like to risk it. But obviously not all of them, some of them ( actually most of them) I would make them fiat again. I know it's good to do that, but I don't want to lose an opportunity like many did back then with btc.
I have been moving my money from one investment to another, depending on which gives the best yield. If one day bitcoin fades into obsolescence and loses all its value, I would simply invest more on stocks, other promising digital currencies, and also the typical fiat.
So how can you know which investment is suitable to you? Which is the best investment? It is super hard to know which project will gives the best yield. For me, I will find another digital currency and start holding it like what I have done with my Bitcoin
I have been moving my money from one investment to another, depending on which gives the best yield. If one day bitcoin fades into obsolescence and loses all its value, I would simply invest more on stocks, other promising digital currencies, and also the typical fiat.
So how can you know which investment is suitable to you? Which is the best investment? It is super hard to know which project will gives the best yield. For me, I will find another digital currency and start holding it like what I have done with my Bitcoin 
It is your choice after all what you do with your life and how you live it, at least for most part of it. Bitcoin is only money (it fact, it only wants to become such), so it is dubious when someone starts talking about "loyalty" and similar things. Indeed, you could claim that it gives financial freedom from government and what else people are saying in this regard. But, strictly speaking, we don't know that for certain. Maybe, Bitcoin was specifically conceived as an economic weapon, to give some people an illusion of freedom and choice while take real freedom from other people. And when it serves this role (either successfully or fails miserably), people who were dispassionately using it just as a tool to make their own lives better will turn out to be the ones "who laugh last"...
And you will be a double loser in that case (no offense intended)
It only fails if people let it to fail, again, this is a community requirement to keep it alive.
When I say stuff like "loyalty", I am not saying to be fanatical about BTC, or anything like that. I am just simply saying that, people who choose to become economically free, and choose to go the decentralization route, should not back up from it like cowards, when something goes wrong.
If people chose freedom, decentralization and transparency, then how come 10 minutes later they change their minds, and run back to the centralized financial system? That not only makes no sense, but it also portrays Bitcoin as something ridiculous, and childish.
So if BTC users can't stay loyal to BTC, then how do you expect non-BTC users to join BTC? It will never go mainstream, if the core users can't even make up their minds on it.
I have been moving my money from one investment to another, depending on which gives the best yield. If one day bitcoin fades into obsolescence and loses all its value, I would simply invest more on stocks, other promising digital currencies, and also the typical fiat.
I strongly suspect that you were left holding the bag, right?
And now you are trying to make a good bargain out of a bad trade. To be honest, I didn't mean exactly your kind in this post of mine, but you are still cutting it pretty good in this department. I remember you were eagerly interested in some trading aspects a couple years ago, and even then I had been telling you that your ideas were complete bullshit (e.g. your "downward volatility" or how you called it) as well as you would be quickly killed in real trading using this approach
Now you may want to think again who is real pussy here
And now you are trying to make a good bargain out of a bad trade. To be honest, I didn't mean exactly your kind in this post of mine, but you are still cutting it pretty good in this department. I remember you were eagerly interested in some trading aspects a couple years ago, and even then I had been telling you that your ideas were complete bullshit (e.g. your "downward volatility" or how you called it) as well as you would be quickly killed in real trading using this approach
Now you may want to think again who is real pussy here
No I am just tired of opportunists. I have always been on BTC's side, for the past 3 years. I havent looked at BTC as a get rich quick scheme (except at the very beginning, but I quickly learned the lesson).
I want BTC t osucceed, and I dont like people who are just here for the quick buck. And seeing most posts on the forum, and on Reddit sometimes, makes me thing, that nobody, absolutely nobody is taking BTC seriously.
It's like everyone thinks that BTC is just like a cool party, and when it goes away, we just go back to fiat.
It is your choice after all what you do with your life and how you live it, at least for most part of it. Bitcoin is only money (it fact, it only wants to become such), so it is dubious when someone starts talking about "loyalty" and similar things. Indeed, you could claim that it gives financial freedom from government and what else people are saying in this regard. But, strictly speaking, we don't know that for certain. Maybe, Bitcoin was specifically conceived as an economic weapon, to give some people an illusion of freedom and choice while take real freedom from other people. And when it serves this role (either successfully or fails miserably), people who were dispassionately using it just as a tool to make their own lives better will turn out to be the ones "who laugh last"...
And you will be a double loser in that case (no offense intended)
Glad to hear some people who will stick with BTC. Not unlike the other pussies who would run back to USD as soon as the market dips a little.
this ain't the subject in question. it's a disaster. you're welcome to set your money on fire. anyone who has the opportunity to get out, which is very unlikely, should grab it with both hands.
But a disaster is not permanent unless we make it one. If people stick with BTC there is no disaster that we cant overcome.
- If BTC gets quantum hacked: we change the mining and key generation algo
- If BTC nodes get attacked: we tell people to set up more nodes and ban attacker nodes
- If BTC gets 51% miner attacked: then we either wait it out, or we hardfork that evil miner away
- If BTC gets smeared in the media: we just give them middle finger and carry on
- If BTC gets regulated or outlawed: then people should heavily fight against it politically
But if people just abandon BTC, then nothing can save it.
I strongly suspect that you were left holding the bag, right?
And now you are trying to make a good bargain out of a bad trade. To be honest, I didn't mean exactly your kind in this post of mine, but you are still cutting it pretty good in this department. I remember you were eagerly interested in some trading aspects a couple years ago, and even then I had been telling you that your ideas were complete bullshit (e.g. your "downward volatility" or how you called it) as well as you would be quickly killed in real trading using this approach
Now you may want to think again who is real pussy here
No I am just tired of opportunists. I have always been on BTC's side, for the past 3 years. I havent looked at BTC as a get rich quick scheme (except at the very beginning, but I quickly learned the lesson).
I want BTC t osucceed, and I dont like people who are just here for the quick buck. And seeing most posts on the forum, and on Reddit sometimes, makes me thing, that nobody, absolutely nobody is taking BTC seriously.
It's like everyone thinks that BTC is just like a cool party, and when it goes away, we just go back to fiat.
Glad to hear some people who will stick with BTC. Not unlike the other pussies who would run back to USD as soon as the market dips a little.
this ain't the subject in question. it's a disaster. you're welcome to set your money on fire. anyone who has the opportunity to get out, which is very unlikely, should grab it with both hands.
More likely if fork happen I will hold my Bitcoin . And if ever there is some quantum computer attacking the bitcoin network resulting to 51% attack, I would cash out. Changing it to other cryptocurrency is a non-sense since they will end the same fate like bitcoin. So better make sure and cash it out to fiat money.
I guess the trader pussies dont realize this, they will just run back to fiat as soon as something happens, and dont give a shit about the decentralization principles, or the limited inflation principles.
Basically they are just speculators, they dont care about bitcoin. They lack loyalty. They are just opportunists
Basically they are just speculators, they dont care about bitcoin. They lack loyalty. They are just opportunists
I strongly suspect that you were left holding the bag, right?
And now you are trying to make a good bargain out of a bad trade. To be honest, I didn't mean exactly your kind in this post of mine, but you are still cutting it pretty good in this department. I remember you were eagerly interested in some trading aspects a couple years ago, and even then I had been telling you that your ideas were complete bullshit (e.g. your "downward volatility" or how you called it) as well as you would be quickly killed in real trading using this approach
Now you may want to think again who is real pussy here
I'll go back to fiat. Once the bitcoin is under attack and fall, for sure , other alts will follow and will be attacked too. So the safest will be to go back to fiat though probably in the process I will lose some money(due to falling price when it's being crashed by hackers or whatever) it's fine, the thing is, I must not lose everything. 
hope that we will not face such kind of situation, because bitcoin is now becoming the most popular decentralize online currency and now the number of bitcoin users are increasing continuously, therefore i do not thing that bitcoin can come to an end, but we are hopeful that the new generation will be giving more preference to bitcoin as compare to fiat or any other virtual currency .
There are over 700 other coins to choose from. I like those odds a lot better than fiat
https://coinmarketcap.com/
^^ have a browse and see which one would suit the moment.
https://coinmarketcap.com/
^^ have a browse and see which one would suit the moment.
I would dump coins on the shorter chain and buy some Monero. I'd still keep using Bitcoin though. I'm not scared of short-term events.
Even Bitcoin face a disaster in time we did not expect, I would rather still keep my coins. Unless, if someday there's an altcoin become significantly will increase the value like what bitcoin has. Well, no doubt that I will shift into that altcoin to convert my bitcoin.
Glad to hear some people who will stick with BTC. Not unlike the other pussies who would run back to USD as soon as the market dips a little.
Isn't this what Andreas said, that 1 BTC = 1BTC and that we should not compare it to USD, but treat BTC as money by itself, with intrinsic value.
I guess the trader pussies dont realize this, they will just run back to fiat as soon as something happens, and dont give a shit about the decentralization principles, or the limited inflation principles.
Basically they are just speculators, they dont care about bitcoin. They lack loyalty. They are just opportunists.
If that happen. I will move to fiat. Cash is more safe i believe. Investing money into other cryptocurrencies seems very difficult and risky. Maybe i will observe if theres a potential crypto that will replace bitcoin. Investing on gold is good too. Maybe i will my half of my money there. The half of it. I dont know, maybe i will buy some altcoin. Dash, xmr, eth, ltc. Those are good coins. But not sure which one is a potential alt that will replace bitcoin.
I guess this is a sort of chicken and egg problem
Technologically wise, there shouldn't be any issues with large scale production of synthetic diamonds and then the cost of production would decline sharply (the so-called economy of scale), but this will most certainly crash the prices multifold (since the demand for diamonds is relatively small, volatile, and superelastic at that). Thereby, even the large scale production might not be profitable at all. Basically, that would mean complete disruption of the market, with diamonds losing their value as gem stones. But this doesn't in the least cancel the laws of economics, and when the technology gets developed beyond some point, diamonds will be as cheap as dirt
Technologically wise, there shouldn't be any issues with large scale production of synthetic diamonds and then the cost of production would decline sharply (the so-called economy of scale), but this will most certainly crash the prices multifold (since the demand for diamonds is relatively small, volatile, and superelastic at that). Thereby, even the large scale production might not be profitable at all. Basically, that would mean complete disruption of the market, with diamonds losing their value as gem stones. But this doesn't in the least cancel the laws of economics, and when the technology gets developed beyond some point, diamonds will be as cheap as dirt
Surely
.... But it's good to exchange opinionsWhile searching for a graph, i just learned that they can create diamonds mixed natural + synthetic. And it is really hard to make the difference for labs specially diamonds under 0.05 carats. just wow... Usually people prefer buy natural one but with this you lay be not sure what you are buying about
Now you see my point
The diamond market is like overheated water where a however small stir may end up in an explosive boiling. Investing in such a market is certainly not a wise idea overall. We had a rather technical discussion about that a few years ago, and I gave a link to a pdf paper which specifically investigated all these aspects we are talking about now, e.g. how De Beers is vilifying synthetic diamonds and even offers special toolboxes to gauge the purity of natural diamonds as well as distinguish them from synthetic ones, which is pure bullshit for the most part
Time to stop... I'll go back to fiat if that happens, that's already a dooms day for bitcoin since it's been attacked or for whatsoever reason that it was brought to disaster... Most probably if disaster happens, I have no choice but to go back to fiat... Future of the alt coins are probably in danger too of disappearing...
So to be safe, just return to fiat and I'll wait if bitcoin will survive and if there's a sign that it is already surviving, then I'll return...
So to be safe, just return to fiat and I'll wait if bitcoin will survive and if there's a sign that it is already surviving, then I'll return...
I would go back to cash, and then into silver or gold. Your main concern when this happens, would be for you to reduce any losses and to store your wealth into some commodity with safe heaven properties. I would never keep everything in fiat, because things are shaky there too.
I think other Alt coins are dependent on Bitcoin's success, so if the biggest and strongest goes down, all other Alt coins will fumble too.
I think other Alt coins are dependent on Bitcoin's success, so if the biggest and strongest goes down, all other Alt coins will fumble too.
Actually i dont want to move my personal money to altcoin, i still choose bitcoin as my choice. but if i get free btc from bounty or campaign i will move them to monero or dash. ETH is last option for me because nowadays eth still lack of security.
I'll go back to fiat. Once the bitcoin is under attack and fall, for sure , other alts will follow and will be attacked too. So the safest will be to go back to fiat though probably in the process I will lose some money(due to falling price when it's being crashed by hackers or whatever) it's fine, the thing is, I must not lose everything.
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