Topic: Why You Should Never Sell Your Bitcoins Ever - page 104. (Read 270173 times)

Quote from: BitcoinSupremo on May 26, 2016, 04:46:37 AM

I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

If you will still have to wait for the next couple of months, your expectation with bitcoin will satisfy you, as you are convinced that the price
is going up, as it will go rise and rise after the halving.

Selling bitcoin never will never allow you to make profits, and that is not the right way to treat your coins, whenever you see some profits, you should sell some part of your coins.

Selling bitcoin will give you profit if the price on that time is high, and yes, if you aren't going to sell your bitcoins, it will never give you a profit
that's why you need a good timing when selling it.

Majority of people will sell their coins only when see the higher price, but only holding and never selling will never able to give you any profits, so its better to sell when price goes higher.

That's right, just look at the price if you think it can give you profit then follow your decision, your heart. If you are contented with that amount
for selling your coin, then you just follow it and sell it.

I think that is the best way to make profits, holding too long can be risky if price falls in future, its always good to earn small profits from it.

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Quote from: JumperX on May 26, 2016, 05:51:44 AM

Majority of people will sell their coins only when see the higher price, but only holding and never selling will never able to give you any profits, so its better to sell when price goes higher.

I thought the same thing lately, but then again look at price chart of bitcoin from the beginning to our current ~$450 price.
People who bought bitcoin for $1 were very happy when bitcoin price jumped to $10-$20 - anyway - what I am trying to tell is: with bitcoin there is no price borderline.
People would be always expecting a price rise, so I no longer worry about it and just sell BTC if I need more money.

JumperX

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Quote from: batang_bitcoin on May 26, 2016, 05:25:28 AM

Quote from: fkvidar on May 26, 2016, 05:20:03 AM

Quote from: BitcoinSupremo on May 26, 2016, 04:46:37 AM

I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

If you will still have to wait for the next couple of months, your expectation with bitcoin will satisfy you, as you are convinced that the price
is going up, as it will go rise and rise after the halving.

Selling bitcoin never will never allow you to make profits, and that is not the right way to treat your coins, whenever you see some profits, you should sell some part of your coins.

Selling bitcoin will give you profit if the price on that time is high, and yes, if you aren't going to sell your bitcoins, it will never give you a profit
that's why you need a good timing when selling it.

Majority of people will sell their coins only when see the higher price, but only holding and never selling will never able to give you any profits, so its better to sell when price goes higher.

batang_bitcoin

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Quote from: fkvidar on May 26, 2016, 05:20:03 AM

Quote from: BitcoinSupremo on May 26, 2016, 04:46:37 AM

I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

If you will still have to wait for the next couple of months, your expectation with bitcoin will satisfy you, as you are convinced that the price
is going up, as it will go rise and rise after the halving.

Selling bitcoin never will never allow you to make profits, and that is not the right way to treat your coins, whenever you see some profits, you should sell some part of your coins.

Selling bitcoin will give you profit if the price on that time is high, and yes, if you aren't going to sell your bitcoins, it will never give you a profit
that's why you need a good timing when selling it.

fkvidar

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Quote from: BitcoinSupremo on May 26, 2016, 04:46:37 AM

I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

If you will still have to wait for the next couple of months, your expectation with bitcoin will satisfy you, as you are convinced that the price
is going up, as it will go rise and rise after the halving.

Selling bitcoin never will never allow you to make profits, and that is not the right way to treat your coins, whenever you see some profits, you should sell some part of your coins.

tabas

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Quote from: BitcoinSupremo on May 26, 2016, 04:46:37 AM

I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

If you will still have to wait for the next couple of months, your expectation with bitcoin will satisfy you, as you are convinced that the price
is going up, as it will go rise and rise after the halving.

jamesl22

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Quote from: Hatuferu on May 26, 2016, 04:28:40 AM

Quote from: Doms on May 25, 2016, 08:21:58 PM

Quote from: richardsNY on May 25, 2016, 07:01:18 PM

Quote from: torrentheaven on May 25, 2016, 06:47:45 PM

Quote from: BTC_ISTANBUL on May 25, 2016, 11:44:03 AM

If you dont sell your BTC ever your grandchild will either think you were a genius or dumb.

Exactly and they will surely think that you were dumb that you didn't sell at the right time and they will blame you entire life as I keep on blaming my grandfather for not selling land at right time.

Or they will think that you are genius for holding so much coin because it reaches the highest value it can get the time when your granchild saw your wallet.

No one is sure what will be the price in coming months but every one is expecting higher price in future so just wait for the right time.

It's normal that the price will grow as we are progressing every year. But at the moment all eyes are pointed at the block halving. So many people expect the price to rocket up to insanely high levels, that it's almost funny, and to a certain extend even pathetic.

People should really manage their expectations when it comes to the effect that halving will have. Expecting too high an increase could very well turn to disappointment if the price doesn't surge to what they are hoping. For me, I'd be happy to hold for a long time and just buy during dips so my accumulation process will be faster.

We just have to stick with a realistic expectation, and we just don't invest all our money in one basket because majority of the people here are saying about the price increase, it could happen but we need to be prepared if what happen is the other way around.

Its always good to make multiple investments, but I am sure price will increase in this year, not only because of the halving factor but also because of more users and higher demand.

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I am conserving the majority of my coins in my Electrum wallet, but lately I have started exchanging a few coins 10-20 USD-BT to FIAT, I am converting 20% of my coins and 80% I am conserving. I am convinced in the long run price can only go up.

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Quote from: Doms on May 25, 2016, 08:21:58 PM

Quote from: richardsNY on May 25, 2016, 07:01:18 PM

Quote from: torrentheaven on May 25, 2016, 06:47:45 PM

Quote from: BTC_ISTANBUL on May 25, 2016, 11:44:03 AM

If you dont sell your BTC ever your grandchild will either think you were a genius or dumb.

Exactly and they will surely think that you were dumb that you didn't sell at the right time and they will blame you entire life as I keep on blaming my grandfather for not selling land at right time.

Or they will think that you are genius for holding so much coin because it reaches the highest value it can get the time when your granchild saw your wallet.

No one is sure what will be the price in coming months but every one is expecting higher price in future so just wait for the right time.

It's normal that the price will grow as we are progressing every year. But at the moment all eyes are pointed at the block halving. So many people expect the price to rocket up to insanely high levels, that it's almost funny, and to a certain extend even pathetic.

People should really manage their expectations when it comes to the effect that halving will have. Expecting too high an increase could very well turn to disappointment if the price doesn't surge to what they are hoping. For me, I'd be happy to hold for a long time and just buy during dips so my accumulation process will be faster.

We just have to stick with a realistic expectation, and we just don't invest all our money in one basket because majority of the people here are saying about the price increase, it could happen but we need to be prepared if what happen is the other way around.

Doms

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Quote from: richardsNY on May 25, 2016, 07:01:18 PM

Quote from: torrentheaven on May 25, 2016, 06:47:45 PM

Quote from: BTC_ISTANBUL on May 25, 2016, 11:44:03 AM

If you dont sell your BTC ever your grandchild will either think you were a genius or dumb.

Exactly and they will surely think that you were dumb that you didn't sell at the right time and they will blame you entire life as I keep on blaming my grandfather for not selling land at right time.

Or they will think that you are genius for holding so much coin because it reaches the highest value it can get the time when your granchild saw your wallet.

No one is sure what will be the price in coming months but every one is expecting higher price in future so just wait for the right time.

It's normal that the price will grow as we are progressing every year. But at the moment all eyes are pointed at the block halving. So many people expect the price to rocket up to insanely high levels, that it's almost funny, and to a certain extend even pathetic.

People should really manage their expectations when it comes to the effect that halving will have. Expecting too high an increase could very well turn to disappointment if the price doesn't surge to what they are hoping. For me, I'd be happy to hold for a long time and just buy during dips so my accumulation process will be faster.

richardsNY

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Quote from: torrentheaven on May 25, 2016, 06:47:45 PM

Quote from: BTC_ISTANBUL on May 25, 2016, 11:44:03 AM

If you dont sell your BTC ever your grandchild will either think you were a genius or dumb.

Exactly and they will surely think that you were dumb that you didn't sell at the right time and they will blame you entire life as I keep on blaming my grandfather for not selling land at right time.

Or they will think that you are genius for holding so much coin because it reaches the highest value it can get the time when your granchild saw your wallet.

No one is sure what will be the price in coming months but every one is expecting higher price in future so just wait for the right time.

It's normal that the price will grow as we are progressing every year. But at the moment all eyes are pointed at the block halving. So many people expect the price to rocket up to insanely high levels, that it's almost funny, and to a certain extend even pathetic.

torrentheaven

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Quote from: BTC_ISTANBUL on May 25, 2016, 11:44:03 AM

If you dont sell your BTC ever your grandchild will either think you were a genius or dumb.

Exactly and they will surely think that you were dumb that you didn't sell at the right time and they will blame you entire life as I keep on blaming my grandfather for not selling land at right time.

Or they will think that you are genius for holding so much coin because it reaches the highest value it can get the time when your granchild saw your wallet.

No one is sure what will be the price in coming months but every one is expecting higher price in future so just wait for the right time.

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