Topic: Why You Should Never Sell Your Bitcoins Ever - page 100. (Read 270139 times)
if you never sell bitcoin, yeah this situation has always been very pleasant. but still this is not the highest price, so yeah you will never sell when it does not go above $5k-10k. but I will always sell bitcoin when I saw the prices were high and the right time to sell, because I can buy more when prices fall
It's better to hold as much into the wallet on buying as well earning
yeah youre right ,thats the best thing to do right now while we are waiting for the halving to start.. hold your bitcoins and sell it for the right time.? And when is the right time? Its up to you!The right time is ... a BILL
and you don't have so much cash for paying it!I am joking but we can't never know when is the right time to sell/buy, every one has the right idea about it
. 
It's better to hold as much into the wallet on buying as well earning
yeah youre right ,thats the best thing to do right now while we are waiting for the halving to start.. hold your bitcoins and sell it for the right time.? And when is the right time? Its up to you! Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I think that your analysis is correct and clear, but you are missing I think one point:
TIME
Because with inflation a money loss value in the time, but in the right time it's a good way spend/change it.
So the problem arising when people sell btc without criteria, or try to convert in easy cash and don't spend for really product.
Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.
I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.
Is there a point in which you would sell all your bitcoins?
I once did it because I made a decent profit, but I can tell you I didn't feel good at all even though I made a very nice profit.
I bought back some coins just to make myself feel good again
Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.
I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.
Is there a point in which you would sell all your bitcoins?
Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.
I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.
Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
well i think that people should never sell their bitcoins because price will always rise not matter how low it is, and people usually sell them just because of that, small price
and some people sell their bitcoins for stupid price because they stop believing in them, i think that if you don't want to have them anymore, you should sell them only when price is very large to get profit
Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
well i think that people should never sell their bitcoins because price will always rise not matter how low it is, and people usually sell them just because of that, small price
and some people sell their bitcoins for stupid price because they stop believing in them, i think that if you don't want to have them anymore, you should sell them only when price is very large to get profit
If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now.
I think it is not a mistake if someone never ever sell their bitcoins. Why? Because think about those people who are holding their bitcoins for a long
time they are some people who are holding since 2012 or even when the starting days of bitcoin. Because they know the potential of it in the future.
No there is no mistake on not selling bitcoin.
If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now.
if you read the topic first before posting you realize that it is not about profiting from selling and going back to fiat. it is about the profit that you get from using bitcoin as a currency.
the real price of bitcoin (I am talking about 4 digits price not this current cheap price) when is achieved then you can easily use it as a currency and as common as you use fiat so selling means you will miss out on using bitcoin.
If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now.
maybe he just want to spend it, not interesting to convert at fiat.
in future i think many people will interesting to accept bitcoin as main payment processor.
Definitely. Bitcoins are a good store of value in my opinion and we should save bitcoins for the future, instead of being narrow minded and selling it when it rises by just $10. That's literally nothing to profit from.
Only sell when you really need the quick cash, or there is something that will return more than bitcoins will give you.
Only sell when you really need the quick cash, or there is something that will return more than bitcoins will give you.
If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now.
I don't think that if the price of Bitcoin reaches 10000 that it means fiat is worthless. Bitcoin could be seen as a commodity like gold and could have a value independent of fiat.
The bitcoin is seen as a commodity or property in some countries. But it will be regarded as a currency later.
I don't think that if the price of Bitcoin reaches 10000 that it means fiat is worthless. Bitcoin could be seen as a commodity like gold and could have a value independent of fiat.
You should never sell your bitcoins because of the fact that it has a good future a head these days with the halving.
I think you are making a big mistake by selling them now.
I think you are making a big mistake by selling them now.
Well good future, this is still not proven, no one can predict the future so it can also happen that the bitcoin will go down.
Overall I think holding is now better for a while with the halving in our eye sight.
You should never sell your bitcoins because of the fact that it has a good future a head these days with the halving.
I think you are making a big mistake by selling them now.
I think you are making a big mistake by selling them now.
Well good future, this is still not proven, no one can predict the future so it can also happen that the bitcoin will go down.
Overall I think holding is now better for a while with the halving in our eye sight.
You should never sell your bitcoins because of the fact that it has a good future a head these days with the halving.
I think you are making a big mistake by selling them now.
I think you are making a big mistake by selling them now.
Well good future, this is still not proven, no one can predict the future so it can also happen that the bitcoin will go down.
Overall I think holding is now better for a while with the halving in our eye sight.
You should never sell your bitcoins because the bitcoin has a very good future a head this year and its not smart because of that to sell them.
You can better now have some patience and wait for the halving.
You should think how if bitcoin price not rise? think it's all back to your trade strategy if you has got a profit when the price rises why not sell it.You can better now have some patience and wait for the halving.
Best is to secure some profits as the price is going up, because it gives you some fiat back that you can use to buy back your coins if the prices goes down again. The main target of trading is to make profit/increase your coin count. There is no point in seeing the price go up and up while you don't sell anything. As soon as the price starts to tank you'll regret not having secured some profits as it would allow you to buy back at lower prices.
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