POLL: How die hard are you? | Bitcointalksearch.org

TopherB

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Quote from: ajareselde on June 30, 2014, 06:48:52 PM

When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.

On what do you base this opinion?

commandrix

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I voted for "Spend almost all on goods" because I figure that, if there is anybody in the U.S. government who actually cares about the economy, they'll notice if every single Bitcoin user does that right before it becomes illegal. Of course, it probably won't be worth much at that point, but they'll notice.

2double0

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Quote from: ajareselde on June 30, 2014, 06:48:52 PM

When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.

NOT true, you do NOT know its going to go back up, you are just thinking wishfully.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: cbeast on June 30, 2014, 04:19:37 PM

Quote from: Vintage on June 30, 2014, 03:34:48 PM

Well when artists die their art value increases, so maybe if Satoshi dies the value of bitcoin will increase too.

There would be no way to confirm that, so no.

Well the only absolute certainty would be time say 100 years from now then we can kind of assume natural death but not be around to claim it
But don't think that would work on the principle that he is alive or dead anyways.

gondel

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Keep my bitcoins, no matter what price. Satoshi is my god

Really I made my first BTC really fast and I will not regret much if they are gone if market goes at low prizes. Of course i will br sad if someone had stole my money!
BR

galbros

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Quote from: findftp on May 21, 2014, 03:25:48 PM

Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these things happen at the same time:

Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.

I am a big bitcoin fan, but under the scenario you have described bitcoin has lost a lot of its appeal, as has living in the US and EU. I don't think poor satoshi's demise is much of an issue, unless his heirs are going to spend his 1M coins!

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Vintage on June 30, 2014, 03:34:48 PM

Well when artists die their art value increases, so maybe if Satoshi dies the value of bitcoin will increase too.

There would be no way to confirm that, so no.

Vintage

newbie

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Well when artists die their art value increases, so maybe if Satoshi dies the value of bitcoin will increase too.

aminorex

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Sine secretum non libertas

Quote from: findftp on May 21, 2014, 03:25:48 PM

Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these things happen at the same time:

Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.

I feel very clever about my XMR position.

TopherB

member

Activity: 109

Merit: 10

Quote from: ShakyhandsBTCer on June 13, 2014, 11:48:33 PM

Quote from: findftp on June 11, 2014, 06:16:33 PM

Quote from: TopherB on June 11, 2014, 06:11:44 PM

You'll never go broke taking a profit. Greed is what tanks most investors. In the end it is not how much could you have potentially made (if you play that game you can make a fortune and still be miserable) but how much did you make. Anything to the plus is a win.

Buy some whenever it tanks, sell some during rallies (the standard buy low, sell high.) Never hurts to take a profit.

Define profit.
For me more BTC is better than more FIAT.
I only buy the dips, never sell for fiat but spend on goods or services.

How is spending bitcoin on good/services different from selling it from fiat? Do you take into consideration the merchant't policy of converting their bitcoin into fiat?

I generally buy and sell bitcoin in and out of Palladium, but that just took a dip I did not expect so if it doesn't correct in time I'll have to use something else when I shift some capital back into bitcoin after if it hits my floor. In the short term 1d, 1w, 1m, 3m, 6m, 9m USD is seriously outperforming bitcoin. I agree with you in long term principle but I have to go with short term realities in practice.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Die hard enough to keep my Bitcoins when the hashrate is around 51% or nearer for Gigahash.io
That said also concerned enough to be watching this carefully as a centralized mint in bitcoin with decreasing node usage are not healthy signs of a distributed open network.
The OP is becoming a sage

ShakyhandsBTCer

sr. member

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: findftp on June 11, 2014, 06:16:33 PM

Quote from: TopherB on June 11, 2014, 06:11:44 PM

You'll never go broke taking a profit. Greed is what tanks most investors. In the end it is not how much could you have potentially made (if you play that game you can make a fortune and still be miserable) but how much did you make. Anything to the plus is a win.

Buy some whenever it tanks, sell some during rallies (the standard buy low, sell high.) Never hurts to take a profit.

Define profit.
For me more BTC is better than more FIAT.
I only buy the dips, never sell for fiat but spend on goods or services.

How is spending bitcoin on good/services different from selling it from fiat? Do you take into consideration the merchant't policy of converting their bitcoin into fiat?

nwfella

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Well hello there!

If all these things happened at the same time more than likely I would be put on suicide watch by my girl Tongue

Especially the 66.6% attack! lol

*seriously though, plan on holding as much as I can for as long as I can

TopherB

member

Activity: 109

Merit: 10

Quote from: findftp on June 11, 2014, 06:16:33 PM

Quote from: TopherB on June 11, 2014, 06:11:44 PM

You'll never go broke taking a profit. Greed is what tanks most investors. In the end it is not how much could you have potentially made (if you play that game you can make a fortune and still be miserable) but how much did you make. Anything to the plus is a win.

Buy some whenever it tanks, sell some during rallies (the standard buy low, sell high.) Never hurts to take a profit.

Define profit.
For me more BTC is better than more FIAT.
I only buy the dips, never sell for fiat but spend on goods or services.

For me bitcoin isn't a religion. I need more than faith. While I agree with the philosophy behind it and am positively giddy with the potential positive effects it might bring, I still have to stick to the realities as I see them. And beyond that I ALWAYS take a 30% sell at 10x run up. That's just an anti-greed hard and fast rule for me, unless the sums involved are really minuscule. But that's just my personal rules.

I sincerely hope you make a much greater ROI than I do. Because otherwise we went through the floor (although buying and selling on my floors and ceilings I conceivably could pass your holding strategy.) Regardless I prefer a conservative route.

findftp

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Delusional crypto obsessionist

Quote from: TopherB on June 11, 2014, 06:11:44 PM

You'll never go broke taking a profit. Greed is what tanks most investors. In the end it is not how much could you have potentially made (if you play that game you can make a fortune and still be miserable) but how much did you make. Anything to the plus is a win.

Buy some whenever it tanks, sell some during rallies (the standard buy low, sell high.) Never hurts to take a profit.

Define profit.
For me more BTC is better than more FIAT.
I only buy the dips, never sell for fiat but spend on goods or services.

TopherB

member

Activity: 109

Merit: 10

Quote from: Cryptopher on June 07, 2014, 09:17:33 AM

I have a habit of switching to fiat, but I seem to be pretty terrible at trading so I don't know why I bother. I'm not at a loss yet but I would have been at a significant gain had of followed my instincts.

A friend of mine insists on holding, he can freely afford to hold as he got in cheap.

You'll never go broke taking a profit. Greed is what tanks most investors. In the end it is not how much could you have potentially made (if you play that game you can make a fortune and still be miserable) but how much did you make. Anything to the plus is a win.

Buy some whenever it tanks, sell some during rallies (the standard buy low, sell high.) Never hurts to take a profit.

Lethn

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Quote from: beetcoin on June 04, 2014, 09:17:39 PM

Quote from: cbeast on June 04, 2014, 09:00:42 PM

Quote from: beetcoin on June 04, 2014, 06:42:39 PM

so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.

The nice thing about open source communities is the human connections and communication. No social technologies are flawless where people are concerned. While Bitcoin is mostly a trustless system, it is not completely independent from the trusted people that work hard to continuously improve its service. With Bitcoin, you are not investing in a corporation owned by nameless stockholders, you are investing in a revolution whose stockholders are the people that believe that the smartest people can outsmart greedy people. Even if greedy people think they can outsmart some of us, smart people tend to stick together and do what is right for the greater good.

the problem is that you can steal millions of dollars worth before stepping foot outside your doorstep. and it's much harder to track down an internet thief than it is someone who actually puts themselves on the line. i do hope the honest people can win out against the scammers, but the scammers have a pretty big advantage in their hit-and-run schemes.

I think this is just because Bitcoin is a fledgling economy, once people start figuring out who the trustworthy people are and who are the scammers we'll see a lot of prosperity, it is a lot trickier on the internet but businesses that operate in person are clearly having a much easier time.

Also OP, your poll sucks Tongue

I would exchange a percentage of my Bitcoins for gold and silver, then I'd save, buy other altcoins or spend the actual Bitcoins on Bitcoin accepting stores, first thing I want to do when I make enough money is get a new computer through scan.co.uk Cheesy

bryant.coleman

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Quote from: DolanDuck on June 07, 2014, 08:27:41 AM

There are lot of holders in the forum (I'm one of them),I think it's the most safe and easy choice.

May be.

But there are also a lot of people like me as well.

I had close to BTC50 with me a year ago. Lost 80% of that in BTCT.co. Then converted 75% of the remaining coins to fiat.

Cryptopher

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Keep it dense, yeah?

I have a habit of switching to fiat, but I seem to be pretty terrible at trading so I don't know why I bother. I'm not at a loss yet but I would have been at a significant gain had of followed my instincts.

A friend of mine insists on holding, he can freely afford to hold as he got in cheap.

Topic: POLL: How die hard are you? (Read 4810 times)