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Topic: What would you say to people who advice you to sell all your bitcoin? (Read 6354 times)

hero member
Activity: 1134
Merit: 517
I would listen to them but do what I would feel like and that would be to keep my bitcoin safe in my online btc wallet and try to earn and accumulate as many as I can and wait for the btc prices to go up and up and then sell them
That is right, no one knows it all and no knowledge is waste! Keeping an ear on what others have to say isn't bad in any financial market as long as one is already well versed and ahead to be able to sieve the wheat from so many chaffs. Bitcoin is a speculative asset and panic sell off is one of the regular features one should expect here. What is good about situations like this, is that it can alert discerning traders of good opportunities for mopping up the excesses in the market.
legendary
Activity: 1092
Merit: 1000
They are really mad and dumb guy they have no idea of bitcoin and they don't know its history also they  bitcoin's market capitalization and it's demand. Day by day it's demand is increasing and so price of bitcoin is also getting increased.

Yes i really agree with you requester. Yes bitcoin price is progressively increasing day after day and we should not do sell our bitcoin now because a miracle is waiting May be after 3 4 years. So let's wait and see the miracle.

Yes cause it worked so well from people that purchased a Bitcoin on Nov 13, 2013 for over $1200 for 1 coin.
Now over 3 years later, we ~$750 ,

Opps people that followed that advice lost close to half and still have not broke even.  Tongue

 Cool

FYI:
Chinese Miners need the suckers to hold , while they dump theirs and make a profit.
full member
Activity: 154
Merit: 100
They are really mad and dumb guy they have no idea of bitcoin and they don't know its history also they  bitcoin's market capitalization and it's demand. Day by day it's demand is increasing and so price of bitcoin is also getting increased.

Yes i really agree with you requester. Yes bitcoin price is progressively increasing day after day and we should not do sell our bitcoin now because a miracle is waiting May be after 3 4 years. So let's wait and see the miracle.
sr. member
Activity: 280
Merit: 250
They are really mad and dumb guy they have no idea of bitcoin and they don't know its history also they know bitcoin's market capitalization and it's demand. Day by day it's demand is increasing and so price of bitcoin is also getting increased.
hero member
Activity: 1806
Merit: 672
It is a matter of personal preferences or needs. For example my advice will depend on who is listening if the Bitcoin holder's purpose is investing I would advice him not to sell yet their Bitcoin not until they reach  the margin of $900 - $1000 as it can give them a high value for their money. Not all people have the same objective in life so really it is up to the person who is in possession of the Bitcoin on whether to sell it or not.
legendary
Activity: 1092
Merit: 1000
Re: What would you say to people who advice you to sell all your bitcoin?

I would say, Already Done it.   Cheesy

I treat BTC like a merchant if I need to buy it , I get rid of it almost immediately.
Never know when China is going to pull the rug out from under everyone.  Tongue

 Cool
hero member
Activity: 994
Merit: 544
i just a listen because whatever other people say to me the decision keep in my hand . but if sell bitcoin a good choice and from a trusted source i want to selling  Cheesy Cheesy


Yes, I agree.. Its better to listen first then ignore. Many people now wants to buy bitcoins from other person at lower price. I also experience that a friend approach me to buy my btc at lowest price, his reason was at least i don't need to go outside and withdraw my earnings. But come to think of it, Why on rush to sell bitcoins if its price was getting high. and its better to save bitcoins now a days, who knows, its price really climb up to 1000 USD at the end of this year. Just listen and Ignore. No need to Argue with them. That's the best thing to do.  Wink Wink Wink
hero member
Activity: 1666
Merit: 502
i just a listen because whatever other people say to me the decision keep in my hand . but if sell bitcoin a good choice and from a trusted source i want to selling  Cheesy Cheesy
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
I would listen to them but do what I would feel like and that would be to keep my bitcoin safe in my online btc wallet and try to earn and accumulate as many as I can and wait for the btc prices to go up and up and then sell them
hero member
Activity: 714
Merit: 500
Whatever people say about your bitcoins, the decision is still yours to make. Better to do your own work and research when to sell and buy. Planning accordingly is better so you won't be basing your decisions on hearsay and hype created by others, whether it is for buying or selling.
legendary
Activity: 2436
Merit: 1104
If it was unwanted advice(I didn't ask for it), then they can shove it. I can make up my own mind. Thank you. You handle yours and I handle mine.

There are always exceptions of course. I'm not such a bull-headed person who can't see reason. If it was advice from a friend whose judgement I trust(trading and the like), then I would listen, and make up my mind after. If it was just some braggart, know-it-all(or worse,a total freakin stranger ), then who cares what comes out their mouth.

Never a good idea to listen to gossips(questionable inside info). We gotta learn to make our own decisions.
hero member
Activity: 1134
Merit: 517
I should be out of my mind in the first place to allow myself to be lead by blind and people not well informed about goings-on in the cryptocurrency industry. Everyone in the industry knows that buying and holding bitcoin has been an impressive way to profit from trading the cryptocurrencies, so panicking over fluctuation in prices shouldn't be a choice for someone that is in tune with bitcoin.
full member
Activity: 214
Merit: 100
I wold just say that i don't need anything which is not available to purchase with bitcoin. Bitcoin is money so i would spend and earn like it, I don't consider it as investment and wait for my expected rate.

Just convert or use bitcoin as it is, doesn't need to give any special privilege or underestimate it. If someone talks about legality

"don't be fooled with that scam", "it's illegal to have/use bitcoin" or other reasons.

I just pity them for having misleading knowledge about bitcoins, since he doesn't know the advantages and how easy it is to to use and transfer without hassle. Sometimes i try to educate him about bitcoins, but most of the time i fail.
as bitcoin is a private currency and you are the owner of the bitcoin you have in our wallet so you have the right to use it according to your wish, either you want to use it or store it or spent is in shopping, you have fully right for that and now one has the right to stop you from doing so and no one can claim for that bitcoin that you are owning. therefore people should not pock their nose in some one private affairs.
newbie
Activity: 15
Merit: 0
I will simply listen to them if i need money, and if i don't then there will be a straight "no", as i never sell my bitcoins if i don't need any money, i like keeping them as i believe bitcoin will get more progress in coming time.

That is right. When we need the money to buy things, we can either sell the bitcoin for fiat or use bitcoin directly.
legendary
Activity: 2954
Merit: 1153
I'll just let them say what they wanted to say.  i have my own mind and decision.  All they can do is just rant and rant and yet  the final decision is still mine.  it will be useless to argue with them or explain your side to them. I think it is just a waste of time, instead of arguing with this kind of people, Ill just do useful things. This way i can help myself to improve more.
sr. member
Activity: 672
Merit: 250
I will simply listen to them if i need money, and if i don't then there will be a straight "no", as i never sell my bitcoins if i don't need any money, i like keeping them as i believe bitcoin will get more progress in coming time.
hero member
Activity: 588
Merit: 500
Well it is your personal decission whether you want to sell your bitcoin or hold it. But of course, do not easily listen to them but instead do your own research. Consider their advise also, and look after the price if you are satisfied or not or if you want still to hold your coins. In the end, it is still you who are going to decide.
yes that is a fact that no one has the right to say any thing to you about  your personal matter, i think you have the right to decide about your bitcoins either you want to sell it or keep it. to me i think it is still good time to hold it because the price is still increasing and hope that very soon is going to couch 1000 USD.
legendary
Activity: 3234
Merit: 1399
Join the world-leading crypto sportsbook NOW!
I've seen many people around bitcoiner who keep say/advice them to sell their bitcoin because various reason such as "sell before the price fall", "turn it into real money", "don't be fooled with that scam", "it's illegal to have/use bitcoin" or other reasons.
So, what would you say to people who advice you to sell all your bitcoin?

I would reply that they can sell their btc if they want it so much but they should let me make my own decisions. BTC cost more than it does now. And yet the price is rising, so why should I sell my bitcoin now? There is no sufficient reason to do so, and if there's no sufficient reason then I won't do that. Oh, and it is not illegal to use bitcoin in my country, so it's not and argument.
hero member
Activity: 1414
Merit: 505
Backed.Finance
Well it is your personal decission whether you want to sell your bitcoin or hold it. But of course, do not easily listen to them but instead do your own research. Consider their advise also, and look after the price if you are satisfied or not or if you want still to hold your coins. In the end, it is still you who are going to decide.
hero member
Activity: 3136
Merit: 635
DGbet.fun - Crypto Sportsbook
I would just turn a deaf ear to advices of such people.I will only sell my Bitcoins only when the price goes very high.

That's what I will going to do too. I won't let myself listen to their suggestion as I know what is going to be better for my own bitcoins.

And I will just give back their suggestions and will ask, have you done this? Does it make your decision profitable after doing it?

Because I won't sell all my bitcoins unless I can see that the price of bitcoin is becoming near to fall.
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