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Topic: Never sell your Bitcoin? - page 4. (Read 2950 times)

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
July 18, 2021, 04:59:54 PM
Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.
I also believe the price of Bitcoin will surely rise and hit a high price. And selling then with be nice, and one will probably make a good profit. All is required is patience. We don't have to panic about the present price of Bitcoin, but to hold up to our Bitcoin and wait while the price rises. Although, it might take some time. Bitcoin price is currently at $31k, and a nice time to invest.
Well, this is an anticipated moment, and most of us waiting for the bitcoin that there is another all-time high. People will still believe that there is a great resistance soon and it could be bitcoin will come at that stage. However, the problem is there is no time frame and bitcoin did not promise to us that we will have a quick-rich because from the start this means that bitcoin is a form of payment or alternate with the fiat currency. If you will believe it is good to save the value on bitcoin is to hold for a long time and that is your decision.
hero member
Activity: 3010
Merit: 666
July 18, 2021, 04:46:41 PM
No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.
What do you mean by taxation policies for holding the coins, even now anyone who is making a substantial profit are paying their taxes for the profit earned through cryptocurrency but you are not paying for the coins you are holding and i only pay a tax when i convert my profit to fiat currency and a smart taxation policies will be along those lines rather than asking for anyone holding the coins to file the tax even without converting them to fiat.
I think the law differs from country to country, but the standard is, you don't pay taxes on what you don't earn, you'll only pay taxes if you convert your bitcoin to fiat and you make a profit from that conversion, holding bitcoin will have you bitcoin and taxes are computed in fiat, not in bitcoin.
hero member
Activity: 1694
Merit: 541
July 18, 2021, 04:23:36 PM
No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.
What do you mean by taxation policies for holding the coins, even now anyone who is making a substantial profit are paying their taxes for the profit earned through cryptocurrency but you are not paying for the coins you are holding and i only pay a tax when i convert my profit to fiat currency and a smart taxation policies will be along those lines rather than asking for anyone holding the coins to file the tax even without converting them to fiat.
full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
July 18, 2021, 03:44:47 PM
If you feel it's a good time to sell, sell now, and if you feel it's not, hold onto it and continue to enjoying knowing that the value of your portfolio will be worth more in the future than it is today.
Bitcoin was created to serve a purpose. Just like the dollar, the Euro, and other national currencies, bitcoin was intended to serve as a medium of exchange and a store of value. And it has succeeded in being both.
sr. member
Activity: 1218
Merit: 279
July 18, 2021, 03:28:01 PM
Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.
I also believe the price of Bitcoin will surely rise and hit a high price. And selling then with be nice, and one will probably make a good profit. All is required is patience. We don't have to panic about the present price of Bitcoin, but to hold up to our Bitcoin and wait while the price rises. Although, it might take some time. Bitcoin price is currently at $31k, and a nice time to invest.
full member
Activity: 1050
Merit: 109
1xBit.. recovered their reputation
July 18, 2021, 02:15:32 PM
I just want to see what the general consensus is about selling Bitcoin. The well-known Bitcoin advocate, Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime. He believes that when you sell bitcoin, you will be taxed, but if you hold it, you can borrow bitcoin at a good interest rate (tax-free). Platforms such as Block Fi provide such services.

What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.
if you have income from other places that can support your daily life then you should never sell your Bitcoin
Bitcoin is more convenient as a long-term investment, not when the price rises or falls a little, you sell immediately

Michael Saylor is a successful businessman so he doesn't need to sell his bitcoins to support his living expenses. but what about you, is your income like him?
I'm not saying you have to sell your Bitcoin but also look at your condition if you don't need it then you should never sell your Bitcoin

full member
Activity: 1176
Merit: 100
Next Generation Web3 Casino
July 18, 2021, 11:40:25 AM
We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.
all investors do as you said they will sell the coin at the right time meaning when the price of the coin goes up then they sell the coin, if there is a negative problem the price of the coin will go down and they take advantage of the opportunity to collect coins for them to hold in the long term but not all coins they buy, they buy potential coins like eth and bnb coins.
sr. member
Activity: 1988
Merit: 453
July 18, 2021, 09:30:19 AM
No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.

A lot of politicians are now proposing to tax unrealized capital gains. The first one was perhaps Ron Wyden (Democrat Senator from the state of Oregon). And I am afraid that at some point in the future, it will be implemented. Governments are moving towards more populist policies, by increasing the number of freebies and handouts. In order to do that, they need to dramatically increase the tax revenue. Since the income tax levels are already sky high, the only remaining options are increases in corporate tax and capital gains tax.
newbie
Activity: 12
Merit: 1
July 18, 2021, 08:17:55 AM
No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.
member
Activity: 630
Merit: 10
rocket.hashbon.com
July 18, 2021, 07:09:53 AM
Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.
sr. member
Activity: 1078
Merit: 270
July 18, 2021, 12:57:36 AM
it.is still an.option for investors.in choosing.to go or stay to sell.bitcoin, but for me it.is very impossible to.sell bitcoin at a low price for something that.is not a.necessity, for example at this time, moreover.this is.a long-term business.for a company.satisfactory results for our future at some point.in the future, so for now I would.prefer to stay rather.than let.go at a price that is.not in.accordance with my wishes
member
Activity: 211
Merit: 80
L0tt0.com
July 17, 2021, 07:52:14 PM
Yes, this is the idea of having bitcoin. Owning it and keeping it until such time you will going to need it. However, bitcoin should not be keep forever. Just like other things that has value like gold and property in the end it will be exchange to fiat currency and that fiat will be also exchange to other things that we need or want.
full member
Activity: 1204
Merit: 100
July 17, 2021, 06:51:59 PM
Why we have to hold it lifetime then if we cant use bitcoin as payment method? I rather hold for some period of time till I get profits then convert it into fiat to fulfill the needs or buying something I dream of. Btw, if for example, every bitcoin holders will hold their bitcoin lifetime, what will happen to its market? There will be no activity, which is bad for bitcoin itself.
there would still be some activity of people buying more or first time buying, but to say that you have to keep holding without saying anything about selling at one point then it doesn't make any sense, every one has to sell at some point of their lives because of financial stuff or something else, i agree though if they said to keep holding an amount of bitcoin that you don't need, maybe one day things can get crazy who knows.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
July 17, 2021, 03:28:16 PM
Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime.
I am so sorry, I won't follow him. I am a realistic person, what for keeping Bitcoin forever? When I buy Bitcoin, I should have a plan to sell it someday. Just to let you know, I keep my Bitcoin for 5 years for the longest time to hold. There is no plan to hold more than 5 years till now. I have learned many things from various topics and discussions since I joined this forum. I can conclude that Bitcoin is a long-term asset, but not an eternal asset.

sr. member
Activity: 1022
Merit: 252
July 17, 2021, 02:47:31 PM
Why we have to hold it lifetime then if we cant use bitcoin as payment method? I rather hold for some period of time till I get profits then convert it into fiat to fulfill the needs or buying something I dream of. Btw, if for example, every bitcoin holders will hold their bitcoin lifetime, what will happen to its market? There will be no activity, which is bad for bitcoin itself.
sr. member
Activity: 882
Merit: 252
July 17, 2021, 11:16:34 AM
maybe at this time we can allocate more into the short term for now, because we prefer to survive and not sell bitcoin for a long period of time, maybe we are currently being served with lower conditions and maybe we are more inclined to defend what's the current situation?
sr. member
Activity: 1722
Merit: 252
July 17, 2021, 09:25:25 AM
We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.

I think it's impossible for anyone who doesn't sell bitcoin, when they buy at $100 and then bitcoin costs $10,000 then I'm sure they will sell. although bitcoin is most profitable if we hold it for the long term but it is difficult to hold when we have profited hundreds of percent.
sr. member
Activity: 840
Merit: 250
July 17, 2021, 06:34:26 AM
is.it.not that we also will not sell.bitcoin at a cheap price, of course it.is also not a taboo.thing if.it is.done by investors.because everyone will always look for.profits from every investment he.makes, anyone will feel the same.way, we also really hope for the price stable.ones that have high value for us.to release to the stock.market
member
Activity: 700
Merit: 10
July 16, 2021, 11:48:59 PM
So you are suggesting not to sell bitcoin so that you don't get taxed? You want people to hold forever? What are they going to do with it if they don't sell it or use it? You do realize that in most country as soon as you buy anything or exchange your coins, you get taxed. So it doesn't matter if you use bitcoin or sell it. You will still get taxed. And I think people should stop with this toxic hold for life mentality. If you have to sell it, then sell it. No need to hold. You can afford to hold, then keep holding.
Taxes will not burden us if we are organized and according to the rules. especially from these taxes that can advance our country. why don't we sell bitcoins when we make big profits, don't we want to diversify our profits in other businesses, which will make our finances more stable. therefore we have to think more broadly, if we are useful for others, then the ease will come naturally to us
member
Activity: 140
Merit: 12
July 16, 2021, 09:34:38 PM
We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.
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