Topic: Why you should focus more on saving bitcoins than selling - page 34. (Read 9712 times)

The reason as to why you should focus more on saving bitcoin than selling it is the following; People want to gain a huge profit if possible. To clarify, they want to wait until the bitcoin price goes higher and higher so they can sell it with an expensive price, see? It is only about patience. I know that there is no guarantee that its price would rise, but some people are optimistic and only optimism wins.

I don't think saving all your coins is good you need also to enjoy your earnings. For me half of my earnings were spend and the rest were put on savings I know bitcoin will continue to appreciate in the coming years but it's not bad if you sell some and buy things that you want

well observer will check where they will find much more earnings so its all about money if holding will bring more benefits so be it and what you said is
right as well bitcoin was created to serve its purpose so it will all depend if how we treat this investment.

I recorded in an Excel sheet each buy of bitcoins I at any point made and in review I would have been exceptional off in the event that I had purchased 100 $ worth of bitcoins each time I purchased. As such: don't endeavor to suspect if the cost is going up or down sooner rather than later. Like on the off chance that you feel that 500 $ is low, purchase much, on the off chance that you believe it's high, purchase just a bit. Who says that in seven days the cost won't rise to 4500 $ or that it won't tumble to 1000 throughout the following a half year? In the event that you purchase occasionally you normal out value vacillations. In my specific case this implies, by purchasing at times for a lot of dollars and in some cases for low sums, my normal cost per bitcoin is presently 1800$. Had I purchased occasionally for 100 $ it would be 1600 $ per bitcoin.

So conclusion is better do periodical investing rather than holding or selling bitcoins.

I agree that saving Bitcoins is good and can lead to even biger profit as the price goes up with time. But on the other hand Bitcoins should circulate, users should also spend them. Because what is the use of currency that is not used for anything and that only sits in the wallet. I don't think that was the original idea of Bitcoin.

I will hold my bitcoin until I use for others, and saving bitcoin is my best way as a capital for trading.

Saving bitcoin is like an investment.. the fluctuations of bitcoins are unpredictable sometime's it goes up and sometimes goes down.. However so many people right now are very positive on the progressive increase of value.. and this could be the most easier way to get rich.. as the the time goes by.. it seems the value might increase double or triple..fantastic!.. that's a lot of money..

It's a good idea saving BTC than selling it without holding it for a period of time. You might regret a profit that you might have earned. Like for example, if you have saved 0.5-1 BtC since 2010 and bought it about 800-1000$, you have about 3000$ this year with just holding it by time.   But nowadays, it is really hard to save when there are times that you really needed the money.  But as long as you have something to hold, do it. There is no assurance of the highest price of btc but it is still a long run.

It is quite difficult to put this thing in to practice. If someone is facing an acute shortage of money and he has only Bitcoins as savings, then what do you suggest? In this case the individual has no other option, but to sell his coins.

right now, we should focus more on saving bitcoins, since it is not just hype, bitcoin's value is increasing every year, for less than a dollar in 2009 to $4000 dollars and above as of now, 2017. there is a higher chance for you to profit more from bitcoin by saving, because of the capital gains, however if you must really use your bitcoins for transaction just make sure you only spend a fraction of your coin, since even a fraction as of now has a very high value. I think we should also check on what Koreans are doing, they are saving their bitcoins, and rather than spending bitcoins, the use bitcoin cash, tough it has a high value already, it is just okay if you use them since you got them free by just having a bitcoin before august 1. But for those who wants to cash in their bitcoins now, I for one would gladly accept it, however before you do that, think twice if you are willing to sell you bitcoins with the value it has now or with the value of bitcoin that can give you in the future. We must also go back and ask ourselves why do we have bitcoins in the first place, if we just want to use bitcoin as digital currency for transactions or has it shifted to earning bitcoins and saving bitcoins, since we found new hope. I think the saying what comes around, goes around, if you save bitcoin today, bitcoin will save you in the future, since it will definitely give you a higher a value, it is also just like saying if you treat someone like a princess, they will also treat you like royalty, and if you treat bitcoin as gold today, bitcoin will give you more gold in the future.

Selling must not be in the option now,btc future ia always in hype . It increases every now and then and it does implemented in many countries meaning it can attract more users that can add in hype.

It is best to initially start adjusting more about bitcoin and what it ought to do.By then you will recognize how critical it is simply if you grasp everything around alright.With how uncommon bitcoin is you can in like manner predict how cost will be later on.Knowing these i really don't figure anyone would offer bitcoin any more drawn out unless they have to do day trading.

To get maximum profits from bitcoins you should cultivate an habit of saving it for future and sell it only if you are in desperate need of money as saving for future will give you higher benefits as everyone is hoping that bitcoin can go even beyond $10k in future so that would be the best time to sell bitcoins.

Yeah, its really difficult to predict that, when the price of the bitcoins will fall in order to get buying opportunities. I feel everyone should save their bitcoins for longer period if they wish to receive maximum profit. There is no point of selling the bitcoins unless there is any really emergency like situation.

I'm not selling because I still have some fiat to live off. It's a simple math, really. I have an asset that keeps losing value due to inflation (fiat) and I have an asset that keeps gaining value due to deflation (Bitcoin), should I sell Bitcoin and keep holding fiat? I don't think you have to strain your grey matter too much to come up with the answer.

listen to this man - his knowledge is beyond his years.

I think it depends on your needs. If you really need money at this time, then sell it. If you do not need it then keep it because no one knows how bitcoin prices will increase. But I think you should keep it better

There is no guarantee that the price of bitcoin will be lower, that we can easily afford it, but there is a guarantee that there will always be a dip or times when bitcoin's price suddenly gets lower. That way we can somehow sell some of our bitcoins when we feel that its price will start to dwindle down and then buy when we feel that it will go back up again. The profit is not that big but we can still benefit from that technique.

Saving and holding is actually both a positive thing to do and to consider on doing. But the success of your decision will also depends on how you are going to manage it. as you say for it is better to hold your bitcoin, and it is true because bitcoin price is always developing brought by the increased of the support of people. Hence, in selling as a part of trading is a good thing to consider because with proper decision and timing you could make a good profit out of it compare on just holding your bitcoin that is a more passive way of earning.

The bitcoin price is on the rise and of course, I will not allow an opportunity for me to earn much profit and I will be more diligent to get bitcoin.