Topic: Why You Should Never Sell Your Bitcoins Ever - page 113. (Read 270139 times)

Have you read the first post in this thread?
So, if the prices go up, we should trying to spend our Bitcoin directly to buy things instead sell our Bitcoin. That's not about the point why we are looking for Bitcoin.

I just think that do not sell bitcoin for now. I feel bitcoin prices will go up, if you never sell bitcoin you have, then there is no point in you are looking for bitcoin

- snip -

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.

- snip -

I see the point but some of us can't hold a lot of money in bitcoin because we need the money to buy things.  Many purchases still can't be made with bitcoin.  When I'm ready to make a big purchase (car for example), I may need to sell a little of my bitcoin to help pay for it.

As in forever?  You will only store your bitcoins and you dont have the intensions to sell it, how can you make money from it? Im so confused about the title.

But now it is smart to spend using bitcoin or sell bitcoins and bitcoin proved that it is not easily predictable.

That's a good perspective because selling bitcoin would probably decreased btc value.

Indeed selling is not good at all right now you will make some money with selling now but compared with the profit of the halving it will be nothing.
With the halving you can double your money for sure, so people do not sell it right now or before the halving.

Maybe I wouldn't cash out my Bitcoins if they reached a really high amount (say $10,000) but I would definitely be more inclined to use them. If 0.01btc that I bought for $4 can buy me something worth $100 I'm going to spend some small amounts to get a few things I need/want. The rest will stay invested / saved.

You should never sell your bitcoins because the halving is coming this year and will be very profitable without any doubts for sure, I think there is a good chance that the bitcoin is gonna rise to a high amount.

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?

There must be a time that you have to sell it otherwise you cant any make some profit with Bitcoin if you are not take some risks so it would be of course risky for you.
The only thing that must change is just the value and that the price must rise for a long time.

It is now nice indeed that you are not must sell your Bitcoins now and as you can see now you see also that there will be alot of people that is still holding them.
And that is quite nice that you are holding it now around this time because maybe later in the future it will be more worth.

But now it is smart to spend using bitcoin or sell bitcoins and bitcoin proved that it is not easily predictable.