Topic: Reasons to HODL! - page 3. (Read 7655 times)

Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin

If you held before then you dont have anything to buy with.

See this.

Down trend has ended. Buy while you still can.

Until when?

Nahh its not about that. The problem with Bitcoin is the average joe still doesn't see a reason to get their heads (and fiat) around it and use it. Why? simple, they dont need to. Everything they need can be done with fiat. So basically what we need is the powers that be bitchslaping us all a bit more until people realize keeping all of your money in your bank is suicidal. Once they realize this, who are they going to trust, some random new coin or the most solid coin? there.

Patient will pay off big time for those who believe in bitcoin.

I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency

Having a good night sleep is better than holding something that can explode anytime.

GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC.

ehm...coff coff.

nothing?

the above reasons, I think it is appropriate to have to withstand sell bitcoin now, at this particular time bitcoin prices are likely to go down, you should hold to sell bitcoin, you must wait until the bitcoin prices rise again ...

They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar.

Down trend has not broken. Don't fight the tape.

This is interesting. Let me contribute to this line of thought as I may know IP&all a little bit:
- most service providers today can offer you IPv6 service alongside your IPv4 service and these can work along side fine.
- you won't get more security with IPv6, possibly even less than IPv4 as for IPv6 there is no standard for NAT/PAT, which gives you 99% of security in IPv4 due to fact it hides your devices from the Internet.
- there are some new features that you do get from IPv6 but nothing spectacular, well autoIP is really nice.
- biggest change is that w. V6 you have 128 bit addresses which means every device can have Internet wide IP address, but...
- ... apart from your Win/Lin/Mac PC almost none of your other devices supports V6.

- most big companies have IPv6 servers on web, but not all.

So you see network effect or not, switching to V6 solves no immediate pain and is therefore unlikely to happen.

In contrast VHS solved a big problem that LaserDisc had as you could record/copy tapes and consumers liked that.

So to the point: Bitcoin has great features, however one thing that is cannot do with it is taking it to the supermarket and instantly pay for groceries. (which is what you can do with most credit/debit cards) Don't look at network effect features of Bitcoin vs. AltCoins. Bitcoin ultimately competes with other payment systems which have enormous network effect, so to bread through Bitcoin must have a KillerApp.

I also don't think positioning Bitcoin "above" consumer level will do any good. Bitcoin must be good for consumer level transactions and only then will it have a chance to compete.

Mathematical? uhm...so you can easily prove it!

That same happening presently known Bitcoin.

Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it?

Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has.

The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB.