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Offline donkeypong

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Is Anyone Still Holding Bitcoin?
« on: September 10, 2014, 11:48:20 PM »

Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?

I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. I'm not interested in balancing or diversifying anymore; this is not money I need to eat or pay the mortgage. The (very realistically possible) potential rewards here vastly exceed anything else.

Offline biophil

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Re: Is Anyone Still Holding Bitcoin?
« Reply #1 on: September 10, 2014, 11:54:45 PM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?

I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. The (very realistically possible) potential rewards here vastly exceed anything else.

I only got into the crypto game in November, and since around February I've held virtually no bitcoins. I've dabbled in others, notably XCP, NXT (currently my 2nd-biggest crypto, but far behind BTSX), and the occasional small alt that caught my eye.

I haven't found anybody in crypto that understands the level of paradigm-shift that it will take to move crypto assets to the next level. I like Nxt, but the fact that they think coinoUSD is even remotely comparable to bitUSD makes me severely doubt that they have the vision to succeed.

All this to say, I don't think you're crazy. :)

Sent from my SCH-S720C using Tapatalk 2


Offline robrigo

Re: Is Anyone Still Holding Bitcoin?
« Reply #2 on: September 10, 2014, 11:55:15 PM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?

I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. I'm not interested in balancing or diversifying anymore; this is not money I need to eat or pay the mortgage. The (very realistically possible) potential rewards here vastly exceed anything else.

I am also "all in" on the BitShares ecosystem insofar as my crypto investments for the same reason. If BTC starts a rise I will hedge some but other than that, I believe in the success of the technology, team, and community emanating from BitShares. Here's to paying off my college debt (or at least a good chunk of it) on the ride to the moon.  8)

Offline tonyk

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Re: Is Anyone Still Holding Bitcoin?
« Reply #3 on: September 11, 2014, 12:09:11 AM »

Today I bought some bitBTC, so I have some BTC of kinds. I am still holding them but that is because the cover orders are not working right now... :)
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline jwiz168

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Re: Is Anyone Still Holding Bitcoin?
« Reply #4 on: September 11, 2014, 12:13:37 AM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?

I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. I'm not interested in balancing or diversifying anymore; this is not money I need to eat or pay the mortgage. The (very realistically possible) potential rewards here vastly exceed anything else.


5 %

I would say for your part its a nice move. Mine is I have been diversifying assets . I understand your situation  so you made the right move and lets hope that eventually BTSX rises to the bitcoin level (in terms of being popular) at around $15/btsx. :) Pardon me Im just optimistic as everyone in this forum .

Offline feedthemcake

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Re: Is Anyone Still Holding Bitcoin?
« Reply #5 on: September 11, 2014, 12:29:33 AM »
Currently, 2/3rds in BTSX and 1/3 in BTC but I've got that third waiting to be sold into at the moment for the "all in".
Also have holdings donated to the AGS fund so I guess I have some lottoshares too.

Offline Cryptofreakoutlaw31

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Re: Is Anyone Still Holding Bitcoin?
« Reply #6 on: September 11, 2014, 03:41:43 AM »
I used to have over half of my small crypto holdings in Bitcoin but I sold it and bought some PTS, BTSX, Lottoshares and two alt coins (Whitecoin and DOGE).  I also bought some BitUSD with a good chunk of my BTSX holdings.  Those (except for DOGE) are my long term holdings and over half of my crypto holdings are in Bitshares (PTS, BTSX, BitUSD and LTS).   I am always going to have some Bitcoin (mainly from Bitcoin faucet earnings) but I will mainly use most of the bitcoin that I have to trade with it or to buy more BTSX or buy more PTS (if I can save enough BTC). 

Offline onceuponatime

Re: Is Anyone Still Holding Bitcoin?
« Reply #7 on: September 11, 2014, 04:03:43 AM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?

I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. I'm not interested in balancing or diversifying anymore; this is not money I need to eat or pay the mortgage. The (very realistically possible) potential rewards here vastly exceed anything else.

I was "all in" in the Bitshares world from the very first articles and interviews I heard from the Larimers back on Let's Talk Bitcoin (I even moved all my PTS to AGS, along with ALL of my BTC). I did buy a lot of bitUSD and some bitBTC mainly to help get the ball rolling. But my main investment by far is btsx. I did recently move enough bitUSD to an exchange to trade for BTC because I need to go on a trip and I could pay for my plane tickets with BTC but not with bitUSD or bitBTC or even btsx.


The hell with diversification. I own no other investments in crypto or anything else (except for a little precious metals in case the internet goes down). I am riding the Bitshares rocket to the stars.

Offline crazybit

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Re: Is Anyone Still Holding Bitcoin?
« Reply #8 on: September 11, 2014, 04:45:48 AM »
have sold all my btc to buy btsx :-)

Offline Shentist

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Re: Is Anyone Still Holding Bitcoin?
« Reply #9 on: September 11, 2014, 05:25:11 AM »
maybe a better question for NXT forum  :D

so, we are all biased.

99% are in BTSX or bitUSD, so i am surely believe this is the right place to be. But i am pretty sure Betamax user feeled the same way.

http://en.wikipedia.org/wiki/Videotape_format_war

not everytime the best product will be adopted. so community spread the word.

Quote
Betamax is, in theory, a superior recording format over VHS due to resolution (250 lines vs. 240 lines), slightly superior sound, and a more stable image; Betamax recorders were also of higher quality construction. But these differences were negligible to consumers, and thus did not justify either the extra cost of a Betamax VCR (which was often significantly more expensive than a VHS equivalent) or Betamax's shorter recording time.

BTSX is not Betamax we are the best product right now, but we need more adoption quickly. In Software you should not wait to long. Competitors will get you, at this point in time you should have to many adaptors to sink you. Bitcoin is maybe not the best product right now, but without adoption we will not survive.

Offline serejandmyself

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Re: Is Anyone Still Holding Bitcoin?
« Reply #10 on: September 11, 2014, 06:25:45 AM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?



I hold bitBTC. Also have some coins that i believe will soon have a god rise (short term investment). The only other coin i hold for long apart from btsx is Devcoin
btsx - bitsharesrussia

Offline gamey

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Re: Is Anyone Still Holding Bitcoin?
« Reply #11 on: September 11, 2014, 06:27:44 AM »
NXT has went up and down from the start.  If you were able to ride those swings, I'm sure you would have 10 x by now or more. Actually I'm sure far more than that, but I want to guess conservatively.

 So I decide to sell some BTSX because I'm bored and want to gamble.  Ok, got decent price.  Now waiting for people to sell before price rises. :(
« Last Edit: September 11, 2014, 06:44:44 AM by gamey »
I speak for myself and only myself.

Offline jsidhu

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Re: Is Anyone Still Holding Bitcoin?
« Reply #12 on: September 11, 2014, 06:34:25 AM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?



I hold bitBTC. Also have some coins that i believe will soon have a god rise (short term investment). The only other coin i hold for long apart from btsx is Devcoin

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Offline serejandmyself

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Re: Is Anyone Still Holding Bitcoin?
« Reply #13 on: September 11, 2014, 07:01:04 AM »
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?



I hold bitBTC. Also have some coins that i believe will soon have a god rise (short term investment). The only other coin i hold for long apart from btsx is Devcoin

 +5%

You know what, Devcoin is THE most undervalued coin out there. Its the original devcoin 2.0 and great to see someone else understands it. Its purpose is beyond credability. Right now im holding talks with the devcoin core team trying to convince them to create a DAC in the btsx system. But as im not a dev its hard to explain my idea to these guys )))
btsx - bitsharesrussia

Offline MrJeans

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Re: Is Anyone Still Holding Bitcoin?
« Reply #14 on: September 11, 2014, 07:12:59 AM »
haha ya I think for many of us portfolio diversification went right out the window

 

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