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Topic: Why you should focus more on saving bitcoins than selling - page 37. (Read 9712 times)

sr. member
Activity: 1694
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Because bitcoins price is rising rapidly.Starting of this year bitcoin was just 960$ and its hit 4000$ now.So Investing on bitcoin is so worthy i think.Also putting my money on bitcoin is very safe.I can relax when my money is on btc wallet. 
hero member
Activity: 812
Merit: 509
Bitcoin has become the world most valuable asset and the value keeps going higher!

Why not we should focus on saving more bitcoins than selling our last remaining bitcoins?

I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins?

The issues is, if you sell all your bitcoins when are you going to buy at lower price?

There's no guarantee when exactly bitcoin price will surely come down.

Share your thoughts about what you think guys. Smiley

I agree with most of what you are saying. The hard thing to do with bitcoin, which is usually surprisingly easy to do with other investments such as shares, is buy low sell high. The price is so random that who knows what will happen to it. Maybe it will rise super high, and maybe it will drop.

We just have to hope for the best and HODL until bitcoin takes a trip to the moon.
sr. member
Activity: 1680
Merit: 288
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I don't think focusing in saving bitcoin is more important than selling..the main reason why people sell their bitcoins is because the value is high and if they intend to earn profit selling while the value is high is a good decision. We all know bitcoin is unpredictable and saving doesn't always mean you'll have good profit in return

I do not take it into account, I always balance between income and expenses and divide a few percent for bitcoin investments, no need to be too dizzy if we can continue producing bitcoin regularly, we also have to enjoy income without having to think about anything
full member
Activity: 266
Merit: 122
I don't think focusing in saving bitcoin is more important than selling..the main reason why people sell their bitcoins is because the value is high and if they intend to earn profit selling while the value is high is a good decision. We all know bitcoin is unpredictable and saving doesn't always mean you'll have good profit in return
member
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we all know bitcoin value on future will be expensive so we are all finding ways to get it. but same how we need money for are life so we are selling or spending bitcoin in my case i spend just i Small amount and i invest 70% but same time if  i knew bitcoin will increase the maximum prize and i have thought that it will down i sale it than buy bitcoin again if bitcoin reach maximum Lowest price so i always read about bitcoin expert post.

What he said ^ Maybe the price will just drop but i really really doubt it.
I think its better to spend the 30% of your bitcoins as you want. and keep the rest until the price grows a lot ! i am currently trying to do that with some  not so much btc xD
hero member
Activity: 959
Merit: 500
I am not so sure if that focus is really correct.
Selling bitcoins is always made with the intention of profit.
So I will not sell for the current price at the market, only above it.
And at the moment you get paid, you can immediatelly rebuy the sold coins.
The only thing you have to do is find somebody who is willing to pay a price above market level.
hero member
Activity: 2814
Merit: 911
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Bitcoin has become the world most valuable asset and the value keeps going higher!
Bitcoin is a valuable asset and the price will keep on moving up as long as there are more investors coming into bitcoin.


Quote
Why not we should focus on saving more bitcoins than selling our last remaining bitcoins?
It all depends upon personal choices,if you wish to keep the coin for the long term so be it,if you plan on reinvesting it in another assets that can also be profitable but i will always keep some coins for the long term.

Quote
I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins?
The issues is, if you sell all your bitcoins when are you going to buy at lower price?
There's no guarantee when exactly bitcoin price will surely come down.
Since you already said that there is no guarantee when the price will come down ,the answer for me is to book profit when ever the price reaches a resistance point and then buy back later.
full member
Activity: 308
Merit: 100
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Bitcoin has become the world most valuable asset and the value keeps going higher!

Why not we should focus on saving more bitcoins than selling our last remaining bitcoins?

I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins?

The issues is, if you sell all your bitcoins when are you going to buy at lower price?

There's no guarantee when exactly bitcoin price will surely come down.

Share your thoughts about what you think guys. Smiley

I think next year it will make another fork for adjustment and there you can buy bitcoin when it dumps hard.
full member
Activity: 420
Merit: 101
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I myself am now focusing on finding and mining bitcoin, after i get a lot of bitcoin, I will make savings up to 5 or 10 years later.
Saving and bitcoin savings i think are important than i sell or spend,Because i know the value of bitcoin in the future will be expensive.
hero member
Activity: 910
Merit: 507
Some are focusing to save bitcoin because they can see the potential that they get more profit. But some also are selling on it because of emergency situation they need to sell some of their bitcoin to their daily expenses.
full member
Activity: 372
Merit: 100
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Bitcoin has become the world most valuable asset and the value keeps going higher!

Why not we should focus on saving more bitcoins than selling our last remaining bitcoins?

I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins?

The issues is, if you sell all your bitcoins when are you going to buy at lower price?

There's no guarantee when exactly bitcoin price will surely come down.

Share your thoughts about what you think guys. Smiley
Because saving will give you bigger profit in the future than selling it at this moment even if its price is currently high. Saving will give an individual more than he may earn at this point. Bitcoin's value will continue its increase for the next years to come and those people who will hold would definitely make an advantage compared to those who sold their Bitcoin early.
hero member
Activity: 1414
Merit: 505
Backed.Finance
Why would you sell all your bitcoin? The price now is rising and it will continue. If you really wanna sell, just sell some not all. So when the price hits $5000 you can sell some again. Better to have bitcoin in our wallets as it guarantee as a bright future.


Trading purposes, daily needs and requirements. eg food, and water, shelter. Some people use btc as a currency not an investment.

Thats right, and for me I used both. Most of myonline earnings are stored in bitcoin and altcoins. If ever I need cash for  my needs and expenses, I just conert it and buy my needs.I am quite comfortle to park my earnings in crypto, it appreciates more than th bank can offer.
newbie
Activity: 41
Merit: 0
Why would you sell all your bitcoin? The price now is rising and it will continue. If you really wanna sell, just sell some not all. So when the price hits $5000 you can sell some again. Better to have bitcoin in our wallets as it guarantee as a bright future.


Trading purposes, daily needs and requirements. eg food, and water, shelter. Some people use btc as a currency not an investment.
hero member
Activity: 2590
Merit: 644
Really, you'd better save your bitcoin instead of selling it. Bitcoin prices are difficult to predict but often experience price increases. Maybe if you sell your bitcoin .. you will find it difficult to buy back the bitcoin. Because bitcoin prices go up. You should hold your bitcoin .. and keep it in order for the profits to remain on you. If you need money .. then you should sell it part yes ya g you need .. not everything .. it is better for your long-term investment
Saving bitcoin is a good option but not securing your profits from your investment is not a good idea. It is better to sell or take your capital from your grown investment and keep the rest for long term investment so if there will be another pump on the price then you will not miss it because you have still bitcoins from your wallet and you can hold it as long as you want.
full member
Activity: 224
Merit: 100
Really, you'd better save your bitcoin instead of selling it. Bitcoin prices are difficult to predict but often experience price increases. Maybe if you sell your bitcoin .. you will find it difficult to buy back the bitcoin. Because bitcoin prices go up. You should hold your bitcoin .. and keep it in order for the profits to remain on you. If you need money .. then you should sell it part yes ya g you need .. not everything .. it is better for your long-term investment
sr. member
Activity: 308
Merit: 267
I'm going to show you the list why people chose to hold or save their bitcoin than selling your bitcoin.

ADVANTAGES ON SELLING BITCOIN

1. They have assurance or they believe that they gonna earn much more if they're gonna hold their bitcoin.
2. It has a lower risk than selling it.
3. You're gonna earn much more than selling it.
4. The more you hold the bitcoin the more valuable it becomes.
5. They gonna withdraw it in case of emergency.
6. Back up money.
7. For their families future expenses.
8. For the future of the family.

But this is just my opinion why they're holding their bitcoin. We do have different reasons why we're holding our bitcoin.
full member
Activity: 756
Merit: 112
You mean longterm investing or trading. Focus on investing because bitcoins price will surely go up in the long run in trading at right timing you will also get more from it.. Why focus on investing? Because this will surely give profits! As trading gives sure profits at high risk
hero member
Activity: 1708
Merit: 606
Buy The F*cking Dip

-snip-
 

If we are going to check the chart of BTC for the past 5 years, we'll be able to see that it is one of the best performing currencies in the world right now. In this regard, it makes sense that if you just hodl your BTC, you'll get good profits from it and there's no problem with that. But as you can see, many people are trying to make the best out of BTC by trading it. I can say that you'll profit more if you just buy low and sell high in different instances than by just hodling BTC. In the end, it really does not matter of you save or sell your BTC now. What's important is to make the best out of it, and that is to make profits from it.
hero member
Activity: 2604
Merit: 816
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for me its better to save bitcoin than selling bitcoin for now because beside the price is down and need to increase again, the next month or next year, the price will be too expensive. and this is my reason to save bitcoin and I don't want to sell it right now. I know that no one will know how much the price will increase but at least we have a bright future with bitcoin so I think its worth to save bitcoin rather than to sell and just waiting the higher price.
legendary
Activity: 3472
Merit: 10611
it is best to first start learning more about bitcoin and what it is supposed to do. then you will realize how valuable it is only if you understand it well enough. with how scarce bitcoin is you can also predict how price will be in the future.
knowing these i really don't think anyone would sell bitcoin anymore unless they want to do day trading.
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