Topic: Why You Should Never Sell Your Bitcoins Ever - page 12. (Read 270138 times)

You are right, if we sell now then we will buy at a higher price so I advise not to sell bitcoin now, let alone soon in 2018 and the price will skyrocket.

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?

Because bitcoin has not reached its peak value yet. If those speculations made by experts and some other billionaires that it will reach to a million dollar worth for the coming years, then you can never be a millionaire if you sell your 1 bitcoin today.

I never sell bitcoin because I'm sure that someday bitcoin becomes very expensive, the price of $ 14k or the current price looks so cheap that it makes me eager to keep buying bitcoin.

bitcoin is more stable currency. if you sell your btc you never buy at same price you need to buy at higher price so you loose your profit.

You can't say we use bitcoin for short term. Bitcoin is like a long term investment and in return it gives you some benefits. More you hold your coin more you earn the profit that's the reason why people use and hold  bitcoin for long term. Many people bought the Bitcoin in 2009 a year when the bitcoin was just launched and now the're billionaire.

Yes I agree with that, but to tell you honestly if you are just aiming for getting richer and richer you dont have work hard. Well my idea of being successful is when you become profitable you reward yourself as way of showing kindness to yourself, I dont get the idea why people keep saying dont ever sell your Bitcoin, when is the right time? I think the urge to become richer is not good already, using bitcoin is not only for the sake of yourself I think, you can be able to help the community as well as if you used your Bitcoin you can sponsor some charities which is very helpful.

bitcoin is more stable currency. if you sell your btc you never buy at same price you need to buy at higher price so you loose your profit.