How many Bitcoins do you have?

[BitcoinDevil666]

How many Bitcoins do you have & how long will you be holding for?

[Possum577]

This is a bold question.

It's no different than asking "how much money do you have in the bank?" or "How much money do you earn?"

I'll answer it, because I'm as curious as you about what kind of coin people have. There are some very deep pockets on this forum (and others).

So for me, I have more than a few and less than a lot. I plan to hodl...hold on for dear life...for a while. Things are just starting to get interesting!

[grabberfish]

As Possum577 has suggested, you're unlikely to get truthful answers from many people if they're giving out numbers.

However, I too shall answer in a similar way: I have less than it would be yet possible for me to retire on, but enough to not talk about them in public. My plans are to hold until I can live off them in retirement. (My hot wallet does not get much use at the moment because I refuse to pay the Maxwell Tax.)

[Rmcdermott927]

How many Bitcoins do you have & how long will you be holding for?

It would take a lot for me to part with my Bitcoin right now. I truly believe we can scrape $3500 this year alone.

[bitkilo]

Very simple answer, not enough!
And it's not a question of how many i want because the answer will always be more.

[mjglqw]

Yep. Like bitkilo said, not enough. I even think that a referral spammer has more bitcoins than me.

[farhan236]

Now days Bitcoin was popular mode of payment so many people like to have bitcoin

[Possum577]

As Possum577 has suggested, you're unlikely to get truthful answers from many people if they're giving out numbers.

However, I too shall answer in a similar way: I have less than it would be yet possible for me to retire on, but enough to not talk about them in public. My plans are to hold until I can live off them in retirement. (My hot wallet does not get much use at the moment because I refuse to pay the Maxwell Tax.)

What's the Maxwell Tax? And how does the hot wallet usage increase your exposure to it?

Bitkilo had some nice sentiment about this OP question, and after that consideration we should all be think more about tax obligation and mitigation.

[bitkilo]

As Possum577 has suggested, you're unlikely to get truthful answers from many people if they're giving out numbers.

However, I too shall answer in a similar way: I have less than it would be yet possible for me to retire on, but enough to not talk about them in public. My plans are to hold until I can live off them in retirement. (My hot wallet does not get much use at the moment because I refuse to pay the Maxwell Tax.)

What's the Maxwell Tax? And how does the hot wallet usage increase your exposure to it?

Bitkilo had some nice sentiment about this OP question, and after that consideration we should all be think more about tax obligation and mitigation.

I am guessing that the "Maxwell Tax" grabberfish is referring to is the extremely high transaction fees user of the bitcoin network need to pay to have a transaction confirmed these days.
The hot wallet exposure is probably because with many hot wallets you can't manually enter the tx fee so you have to pay the fee set by the wallet providers to send some coins, often set at about 350-400sat/B these days as it has to be just to get a confirmation.

[grabberfish]

I am guessing that the "Maxwell Tax" grabberfish is referring to is the extremely high transaction fees user of the bitcoin network need to pay to have a transaction confirmed these days.

Exactly that. When I got into bitcoin in 2012, fees were optional - but still good to throw some satoshis into a transaction because we're all doing our bit to help the economy. Now one needs to pay banking fees to pay for a coffee. Screw that.

The hot wallet exposure is probably because with many hot wallets you can't manually enter the tx fee so you have to pay the fee set by the wallet providers to send some coins, often set at about 350-400sat/B these days as it has to be just to get a confirmation.

My hot wallet gets little use recently because of these ridiculous fees. If I make a transaction today, I end up spending more in fees than I can happily justify. In the past I enjoyed sending 1-10EUR to people who showed an interest in bitcoin. These days it is just not possible for me to carry on doing so and so my hot wallet is more tepid.

I miss Satoshi's peer-ro-peer electronic cash.

[robert4u]

Well I do not keep bitcoin, I receive it from my clients and I cashout it. Now I regret if I have kept it I would have earn some money.

[Possum577]

Well I do not keep bitcoin, I receive it from my clients and I cashout it. Now I regret if I have kept it I would have earn some money.

Whoa, would love to get more of your thoughts on being a retailer/business owner who accepts Bitcoin. How do you perceive the benefits? What are the greatest challenges? How long have you been involved in bitcoin, as receiving it for payment? How viable is the long-term use of bitcoin as a currency? With grabberfish's comments I'm even more convinced that using this as a currency just isn't sustainable, his bank fees for a coffee example are perfect and tragic at the same time.

[Crixus]

Never enough( I wasn't too smart to buy them a few years ago

[grabberfish]

Never enough( I wasn't too smart to buy them a few years ago

Yesterday was the best day to buy. Today is the second best day to buy.

That's what we used to say. Tomorrow is a new day. Who knows what the future holds. Roll the dice, but only bet what you are prepared to lose.

[wealthymario]

Currently I don't have any but i am willing to purchase some. I am collecting money right now but if i have it ima hold them to the end. never gonna sell it

[FidelCashflow]

I have 12 bitcoins. Got in around 1200-1400. Just sold a bunch of ethereum to buy more bitcoin during this correction. Hope i didn't maker a mistake. Im concerned about this Fork coming up.

[mjglqw]

I have 12 bitcoins. Got in around 1200-1400. Just sold a bunch of ethereum to buy more bitcoin during this correction. Hope i didn't maker a mistake. Im concerned about this Fork coming up.

Nice grab. Looks like you're already up $12000 or more. I think whatever might happen after the fork (maybe a crash), it would just come back up long term anyway. Well that's just my opinion though. Goodluck further. :p

[Possum577]

I have 12 bitcoins. Got in around 1200-1400. Just sold a bunch of ethereum to buy more bitcoin during this correction. Hope i didn't maker a mistake. Im concerned about this Fork coming up.

I think almost everyone is concerned about the fork coming up. One thing that makes sense to me is transferring bitcoin in to one of the alternatives until the fork is complete, at which point you buy back into bitcoin. The holding currency for this idea (the alternative to seek refuge while Bitcoin is getting f*rked) is Litecoin. It's the most established of the alt currencies and has historically had less volatility...the last 48 hours excluded of course.

[alex.nikon]

Ha ha! It's a secret information. But I have to say I will by some Ethereum this mounth because the price now growing so fast!

[robert4u]

Well I do not keep bitcoin, I receive it from my clients and I cashout it. Now I regret if I have kept it I would have earn some money.

Whoa, would love to get more of your thoughts on being a retailer/business owner who accepts Bitcoin. How do you perceive the benefits? What are the greatest challenges? How long have you been involved in bitcoin, as receiving it for payment? How viable is the long-term use of bitcoin as a currency? With grabberfish's comments I'm even more convinced that using this as a currency just isn't sustainable, his bank fees for a coffee example are perfect and tragic at the same time.

The biggest challenge is accounting, its rate always go up and down tough to keep books. Well I think bitcoin is future and there are people want to use bitcoin.

[Possum577]

The biggest challenge is accounting, its rate always go up and down tough to keep books. Well I think bitcoin is future and there are people want to use bitcoin.

I can understand that, although I can't truly appreciate the challenge as much as you do.

What would it take for you to keep some balance of sales paid in bitcoin...in bitcoin?

The currency exchange risk that bitcoin carries has to be the graters barrier preventing retailers from adopting it as a standard accepted currency for sales.

[denny.pac]

Bought a year ago 3 bitcoin, deciding to try new alternatives
And now pleasantly surprised by the wild growth of currency))

[katepagava]

unfortunatly not as many as i wanted

[andreevavik22]

Not enough, yes. For me it's always not enough

[mjglqw]

Not enough, yes. For me it's always not enough

It will NEVER be enough.

[JohnPerdyu]

I've been working with Bitcoin for a long time, and like anyone else, I'm interested in the security of its storage, so I chose the wallet https://apibtc.com/, here full anonymity and security, very simple to use and working on different platforms. Who else uses this wallet?

[kateryna.oliinyk]

not as many as I wish I had Cheesy
but I`m doing my best to get as many as I can