we can pay you in BTC but the question is ...
 

Do you instant cash out in USD/EUR or do you HODL

https://steemitimages.com/DQmeTYxbE2...GJyut/hodl.gif

Hodl hodl hodl hodl hodl hodl hodl hodl hodl hodl hodl hodl

You can pay in Bitcoin right now?

Why do you ask? :D

Hodl!!!!!

cash out to usd

I would hold and only cash out to fiat if need the money today. No point of trading a value losing currency (fiat) for a value gaining asset (Btc)

I'd cash it . . .

:thumbsup wise thinking

I got rid of all my BTC and am now holding ETH and ADA. BTC is just a store of value, and a poor one at that. The others actually provide useful services on top of that so I see them eventually replacing BTC.

You bought some CRO? :upsidedow

How is Bitcoin a poor SoV? have you never seen a BTC historical graph? :upsidedow
Also, compare it to another SoV like gold

I get what you are saying, it is true to some extent, but I would never get rid of all BTC. If you look at Cardano, people are saying that it's much better than ETH, but still, it looks to me that it is not what matters the most. We'll see in 5-10 years, I guess.

:upsidedown :) Ha.

Thing is, before there was ETH, the ETH community hated on BTC and talked up ETH but nobody was using it.

Now people are using ETH and we have $25-45 fees.

Right now ADA is coming into the picture as fast/cheap, but nobody is using ADA

If/when ADA is used massively, will probably have issues like ETH

By that time another will have come along.

None of these centralized chains/companies/coins (ETH/ADA/BNB/EOS) have properties like Bitcoin. They have premines, staking, CEO's and a headquarters (these are not good things to have when they claim to be decentralized)

Bitcoin is one of a kind and any investor in crypto who gets rid of all their BTC is outta their mind :2 cents:

Never thought of it that way. There's so much to take into account. Thanks!

As an investment sure, but "store of value" means something different.

A key property of a "store of value" is that it is stable. Historically, yes, it is an extremely good investment if you got in earlier. If you got in recently not so much.

Another way to think of it is this way. If you were to owe someone 'x' number of BTC from a commitment you made several years back, would you still be happy about it. If you had to do payouts and you did it twice per month, and BTC went up 20% since then, now you have to pay out 20% more as well. Poor store of value.

A virtual currency that is made to be kept has no use.

BTC mines have high degrees of consolidation. Lots of them running in single locations by single companies. And a lot of them in China as well. That means BTC is run by only a few key players.

Cardano (ADA) has staking pools that reward people for running independent nodes. As a pool becomes saturated it pays out less. This encourages decentralization.

ADA is still under development, smart contracts look to be arriving very soon. They are also emulating the Ethereum VM as well so all those dApps will port right over with ease.

ETH and ADA are not centralized. BNB is though (one company runs all the nodes).

BTC has scaling issues. If we want to have more transactions on it, the computing power needs to go up. It's already astronomically high. Proof of Stake protocols solve this problem. ETH is doing it and ADA does it from the start.

ETH gas prices are definitely too high right now. In theory they will come down as the protocol is updated, but ETH is not built with updates as a native feature. It has to be a kind of fork.

Based on the ADA architecture I think it will scale much more efficiently than ETH.

There's also Polkadot (DOT) that has side chains that are supposed to solve that problem but I'm not that familiar with the nitty gritty of those.

Each generation solves the problems of the previous ones. Gotta give credit to BTC for trail blazing, but there are much better alternatives now.

BTC = 1st gen
ETH = 2nd gen
ADA, DOT = 3rd gen

Today is earlier than tomorrow. And that will stay true for every next day. Are you mixing up "store of value" with "medium of exchange"?

For reference, "store of value":

^^ this is Bitcoin, what it's designed to do, and what it has been doing for over a decade since its creation

Usually people forget to research distribution (or ignore it), that is a HUGE contributing factor to centralized vs. decentralized :2 cents:

It's semantics, but SoV and MoE are different. Something that is a good SoV is normally a good MoE.

From Wikipedia:

Highlighting "predictably" and "retains purchasing power in the future". Volatility makes BTC not good in those regards. It's common in 1 week to have 20% less purchasing power. And if you owe people in BTC and it goes up, you're screwed. That's not a good medium of exchange.

Gotta Hodl

You can buy Tesla cars in BTC :) thats a hell of deal.

Are you asking out of curiosity?

cash out your initial pay and hodl profits to play with free money.

Eff that, i only want to cash out anything to dollars when i really really need it. Otherwise i let everything ride

USD $1.9 trilly more coming soon :helpme

maybe you should broaden your chart to not years and months, but decades (and centuries)...
I seriously doubt that btc will be here in 50 years, but gold - yes it will be.

While that's true, it could be a distant fork of BTC that still do have in 50 years.

short it and let us know how you're doing from time to time

and yes, new technology must stand the test of time, and as long as inflation is real, gold will have a place in the world, the same as, as long as the information highway is a thing Bitcoin will have a solid place in world

"the markets can remain irrational longer than you can remain solvent"

sure, the idea of decentralized blockchain is a good idea.
in the form of btc - its not perfect.

Now, if it could also add total privacy (like cash and gold), that would be much better.

There is no perfect asset, Bitcoin is a good attempt at the best we have available. There are BTC privacy tools with wallets like Wasabi & LN.

$1.9 trill stimmy bill passed, that is 2x bigger than the entire market cap of BTC, buckle up everyone.

How do you define privacy? Unless you trade gold in it's original form with someone, you have no privacy. You must also hold it privately and have purchased it privately.

Governments can change the currency by redesigning the money and making you redeem for the new. Nixon eliminated $1,000 bills and larger denominations because he thought it made it easier for criminals to launder money. If you held those bills, you had to turn them in to keep your money, then your privacy was shot.

With BTC, you can run circles around whoever is trying to find you. No one is going to bother with tracing small BTC, and they still haven't found who has Mt Gox and other stolen BTC. They see it and they watch it, but they don't know who controls it.

Hodl all the way

I don't have enough time or skills for trading. On the other hand, I am passionate and know the crypto market quite well.

I invest for the long term on solid projects.

The 5 cryptos in which, in my opinion, we must invest today and have great potential by the end of the year (and much more in 5 years), are:

CRO (crypto.com (get $25 with my ref link here))
CHSB (swissborg.com (get 100€ with this ref link here))
BNB (Binance.com (get 5% rakeback with my ref link here))
ENJI (no ref, you can buy this crypto on crypto.com or binance.com)
ADA (just like ENJI)

Same here. I treat crypto like savings, just hodling and buying occasionally hoping that I will not be forced to sell in the next 20 years or so for whatever reason.

I wish i had not spend my BTC :1orglaugh