Topic: Why you should focus more on saving bitcoins than selling - page 38. (Read 9712 times)

For me it's better to save bitcoins because of its price going up that's why it is better than selling bitcoins that you have no any exact price where you should buy back in bitcoins. It is good to hold a bitcoin because it offers a lot of benefits for every holders of this coin and also it helps you to gain a profits while saving it.

There are lots of people who chose to save and hold it than to sell it. They are awared that the price of bitcoin has a tendency of dipping anytime, but they are awared that it will increase again eventually. Saving or selling also depends on the mindset of an individual. If one's goal is to earn with less risk, he/she will save and hold it for a period of time. But if one's goal is to earn faster even if it is mor risky, he/she will invest or sell it.

You may either use gunbot to calculate a good entry to bitcoins or watch the chart yourself, no sleeping or glimpsing. My advise to you is if you have a day job (a full time job) then don't bother with catching the dip because it's really hard to tell unless you are good at reading minds... buy bitcoins regularly, do cost averaging, with that strategy you would be able to buy at some dip.

I had tried to catch the dip but I failed. It was hard to do while working in the office so I had decided to keep my money ready and consistently buy $100 worth of bitcoins every 2 weeks. believe it or not, my money did grow better compared to when I was buying and selling.

I never sell/spend unless I have to. Bitcoins are just my extra money so why not invest it in very risky investments, hold it for 30-40 years and let it ride? It's easy, and so far has been very successful for me.

Not austerity, but to profit from a bitcoin, because with the bitcoin price is not stable, then we must be careful when the right time to buy and sell it ,,

I would treat bitcoin as speculative investment, with speculative investment we buy a small amount and HODL not panic selling because after all speculative investment tends to bring the biggest returns.

No one can predict the future accurately so don't save all your money in any single investment. It is better to save only some portion of your money in bitcoin and rest invest in some other places so if things go wrong still you will not lose a lot of your savings. I put around 5% of my savings into this cryptocurrencies.

It totally depends on your goal. Do you want to save for the future or spend now ? If you don't want to worry about it then keep and hold bitcoin. I'd you want profit and to feow your bitcoins then you can buy and sell on the market. This can also be done for profit if to look at the dollar value and not the Bitcoin value. I would rather use both. Use Bitcoin as asset and as something to sell to slowly create profits.

everyone is now aware of it that bitcoin has become the most popular currency it has become an international currency and a lot of people are using it for their future by saving it for long time because bitcoin has high potential to enlarge your income by saving bitcoin for long time or by investing in bitcoin. Bit coin is being use as multipurpose currency you can make good income by keeping your bitcoin in your hardware wallet and in future you will get good profit.   

for you information, not all people which in bitcoin industry have money. I am sure that in here and out there, many people is trying to earn money from bitcoin so they can use their money to buy their needs. but if all people in bitcoin have the money and not worried about the money, then they can save more bitcoin than selling their bitcoin. we need that money to continue our life and from bitcoin, we can make that money.

I agree that saving is good but only saving bitcoin without spending and without presence on the market don't lead to anything. It's the same like you would saying that you will not spending your fiat money at all, just keep it in the bank and waiting for value to grow. So it's crucial to find some kind of balance.

Saving bitcoin is the right decision that can be done by users to profit big. Experts have predicted much increased price for bitcoin after years. Sometimes the price might go as high as $100000. So saving in terms of bitcoin really profits than saving in fiat which has the constant value.

It comes down to personal risk tolerance and goals.

The counter argument to holding long term is how do you know that THIS rise isn't the last rise? It might seem all cherry now, but there's alot of things that could change from here into the future. Bitcoin could have government problems with US citizens in the future, a better competing coin could take over, we could have major heists, some sort of power coup or coding flaw, etc.

I sell at the peak and rebuy after it reforms a bottom, there's been 1 year each bubble where you have ample time to stock up on any coin of your choosing after the crash. There's no reason to have something rise 13x since you've purchased and then hold it until it loses 75% of that profit, just so you can make more profit down the road.

I'd rather protect my profits, buy back with a smaller portion later -if i get the chance- and turn profit into more profit while also protecting atleast 50% of my previous gains. I've made alot more than I would have just holding this whole time.

You can't get upset over lost profit, even if its a big lost profit... a realized loss is a hell of alot worse than a missed profit. There's been many opportunities to make money this year.

For instance, I'm up 75% on Alibaba so far for 2017, and that's just one of many lol. I've missed a few, but i'm still beating the US stock market by a fairly decent margin (and that's without including crypto). Tesla (i won't touch it, too risky) is another stock you could've made 70% on this year, though i consider it a bubble.

You could always sell 50%, keep the other 50% and try to rebuy later at a cheaper price, etc. Many different variances on what can be done to help mitigate risk & collect profit as it grows.

Searching and waiting for large profits will increase your money while selling.Bitcoin is not stable and everyone knows it,today profits are large and you can get large revenue, nobody knows if tomorrow the revenue will be larger

We should focus on saving rather selling mainly because it's a guaranted that we could sell it at a higher price in the near future. But sometimes it depends on the situation. Like mine,  First, I sell because there's something i'm gonna buy and second is i'd rather sell it rather than lose it in gambling.

Yes there is no guarantee exactly as to when the price will come down but at some point it will come down because of buyer exhaustion. You can notice it in the technical analysis how strong the buyer is compared to the seller and from there you will have an idea if its the right time to sell your coins. Traders are doing this to earn more by exchanging it to USD and after the price will come down sometime, they would buy bitcoin again in which they will have more coins. Some even buy altcoins when bitcoin's price is lower because some altcoins shoot up when there is bear market in bitcoin.

The value of your bitcoin will increase if you just save it and there is lesser risk if you don't trade your coins but usually the risk takers are the one who earns more.

I agree with you. I don't even want to sell my bitcoin, even if i'm really in need of money.
Why? Because i don't want to regret my decision later. The price that keep increasing like crazy is so promising, and of course, i won't let the chance of me to gain many profit to slip easily.
I even get more motivated to earn more bitcoin so i can sell many bitcoin in the future and gains so many profits.

The price of bitcoin is getting higher and higher so saving more bitcoins rather than selling it is the best option because it can give you a lot of profit in the future if you will just keep on saving bitcoin and making a lot more bitcoin because the supply is limited but the demand is not so if there will be a huge demand then expect for a big price and also a lot of profits from your holdings.

Obviously to get a decent return in the future. But there are times that people uses their bitcoin to some general purposes in their life e.g main spendings, emergency, urgent needs etc. I don't see it as wrong as what matters here is, bitcoin helps them. They can save again later on.


Depends on the current trend. I will buy based on the output of my self analyzation.

There is no guarantee of whether it will go up or down. Its hard to tell if and when the price will go up or down to be honest. I honestly am tempted to sell my bitcoins especially when I have particular wants, but I would rather save it because of its increasing price. Looking at the price chart, there are many fluctuations. The price would go up and down frequently in just short periods of time but in the long run, the price of Bitcoin continues to go up. Its really up to you and I suggest to make your own assumptions so that you may decide for yourself.