Topic: Why You Should Never Sell Your Bitcoins Ever - page 11. (Read 270138 times)

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?

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?

I really like the first post of this thread You see already 2015 there were alot of people who believed in bitcoin and tell everbody to hodl! These people are rich today. You d everything right!

Based on previous experience, when I sell bitcoin then not how long the price will skyrocket, this has been repeated several times and of course make me regret, from experience that makes me will not sell bitcoin again.

I don't think so, the price of Bitcoin and Altcoins is always move up and down if you can technology analysis and then sell it when its price is high and buy its price is lower you can get a lot of profit. But to make this is very hard, you have to knowledge and control your emotion.

If you have a lot of bitcoin then you could look for it, I do not know of any country where you do not have to pay taxes in your bitcoin but there are many countries where you do not have to pay income tax or capital gains tax, go there and ask about your situation and maybe they could help you.

You should never sell your coins so you don't have to pay taxes.
Seriously they try to cut down %35 + %18, what a corrupted government. They want to cut more than half of our holdings, they don't even care about our loss. If you have something you need to pay tax, no matter if you made profit or not. I think about changing citizenship because of these stupid rules and regulations. If I could find a good passport that works every country and tax free for crypto currencies I would apply for them. People live with fear if they use local exchanges their bank accounts could be freezed.

Bitcoin gave us big opportunity to become rich. We need to use this opportunity for us to become successful person. I know that we will not regret if we will do long term investment with bitcoins. 

- We are aiming for the future of bitcoin, the price of bitcoin will increase ever higher at that time, if we sell bitcoin too soon, we will only get regret, people are always greedy and nobody wants to regret, so we do not sell Bitcoin until we get a price that we are most satisfied. In short, not that we never sell, we will definitely sell but that is at the right time, the whole world is gradually heading for bitcoin, they are focused and invested in bitcoin, the opportunity to increase the price of bitcoin is huge, when bitcoin exploded, that would be a great time to sell, now it's still not a good time

- We are aiming for the future of bitcoin, the price of bitcoin will increase ever higher at that time, if we sell bitcoin too soon, we will only get regret, people are always greedy and nobody wants to regret, so we do not sell Bitcoin until we get a price that we are most satisfied. In short, not that we never sell, we will definitely sell but that is at the right time, the whole world is gradually heading for bitcoin, they are focused and invested in bitcoin, the opportunity to increase the price of bitcoin is huge, when bitcoin exploded, that would be a great time to sell, now it's still not a good time

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?

I never sell bitcoin again because I'm sure that the future and bitcoin prices will improve and of course the price is more expensive than now. this is what makes me not interested to sell bitcoin.