Topic: Why You Should Never Sell Your Bitcoins Ever - page 105. (Read 270139 times)

Holding your Bitcoin will be now the best thing that you can do and that is because you also see that the value of the Bitcoin is not even that high so it takes a longer time to have some profit.
But you also never know what will happen with the value but the most are hoping that it will be more worth soon.

Hold for next couple of months and sell when you see higher price at the time of halving, as never selling your coins will not serve the purpose in long run.

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?

It's not just about timing. We also have to manage our greed and fear each time bitcoin's price takes a plunge or surges. There must be a plan and a target price for everything. People have different levels of risks that they are willing to take. For some, 10% is good enough, while for some they'd wait until the price has increased by 50% or more.

I agree with that, timing is what we need in selling our bitcoins, if you can see the price is way right to have profit.
Then that's the right timing to sell out some of your bitcoins.

The halving or at the end of this year, if you don't need to sell just hold and wait for even better days. The rise hasn't stopped yet. We all just need patience.
Doing things like selling in a hurry is never a good idea.

Hold for next couple of months and sell when you see higher price at the time of halving, as never selling your coins will not serve the purpose in long run.

Now I keep my Bitcoins that I already made. First cause of I made few. And second is that I am hoping that bitcoin will rise soon.

If everyone will just keep on holding and never sell their coins then how can you expect that its price will be higher and it can become a global currency, circulation of coins is important to take it to higher level.

Now we should not have to think and wait for the price to drop down again, we have to work for the development of this currency and have to support it so that this currency become a global currency, and the other thing is that we should not have to sell our coins and have to use it currency for our normal use, with that this currency will establish and will get success.

Its very simple for me, if I see better price then at price I bought, then I would not hesitate in selling part of it and again wait for price drops.

So what is the right price to said it's low? Or to state it's high?

No such thing as exact price when buying and selling coins as long as:

When buying : You afford to buy at that price.
When selling : You make profits out of the price you bought that coins.

You should indeed not to sell your Bitcoin if the value of the Bitcoin is low and tha tis because you can better wait for a longer time until the value will be more worth.
But of course it is really hard to predict what the value will be and that is the problem. So there is a chance that it can takes a long time.

You should indeed not to sell your Bitcoin if the value of the Bitcoin is low and tha tis because you can better wait for a longer time until the value will be more worth.
But of course it is really hard to predict what the value will be and that is the problem. So there is a chance that it can takes a long time.

If you plan to hold for a longer period of time you shouldn't bother about short term happenings.
Right now there are shills who try really hard to get your bitcoins.They use several schemes and tactics to make you feel uncertain and try to scare you wherever they can.
Therefore inform, educate yourself as good as you can and don't fall for what others are saying or doing.In the end it's all about money.And where money is involved many people have their own interests.

Yes, most of us are waiting for the upcoming halving because it will give us higher price of bitcoin. And price increase of bitcoin is sure. Once it
happens, that's why it is better to hold coins today.

Some people are never going to sell there coins because they are waiting for the future price that is going to make them rich. But is not sure that the price is going to be so high in the future.

Some people are never going to sell there coins because they are waiting for the future price that is going to make them rich. But is not sure that the price is going to be so high in the future.