Topic: Why You Should Never Sell Your Bitcoins Ever - page 122. (Read 270139 times)

Yeah I think if you are getting profits with the current price then you should sell your coins as waiting too long may not be profitable if price drops in future.

yes there are times when we must sell the coin to make a profit and when the price was really right to sell. because if you never sell your coins and just to wait for a higher price, it will last for decades I think. as an example, that we are already more than 3 years of never again touched $1000 even $600.

yes there are times when we must sell the coin to make a profit and when the price was really right to sell. because if you never sell your coins and just to wait for a higher price, it will last for decades I think. as an example, that we are already more than 3 years of never again touched $1000 even $600.

There is really no need to hold the coins for a long period of time because it will give you profit no matter what price you sell it in the future.

That's true we need to spend you coins, as only holding will not be profitable in future, and if price goes higher then I think we should not hesitate in selling our coins.

Well if you will never sell your coins then it will not bring any profit to you in the future.
We all know that the future price of bitcoin will be high and that is pure profit.

Maybe this is not a correct estimation such estimations may not work correctly and bitcoin has shown a lot of unpredictable fluctuations so far.

It is very good to sell not your coins now around this time, because the value is not that high now to do it.
It will be much better if you wait a little longer and that you can sell it with a higher value, so you will have some profit.
But that is hard to know, because you never know what can happen with the value later.

That is why you don't have to keep your bitcoin for so long..you need to sell it even for a smaller profit..and just re buy fresh coins and do the same...coz if you would just keep it, you will really worry thinking if in the next years the price drops..

It is very good to sell not your coins now around this time, because the value is not that high now to do it.
It will be much better if you wait a little longer and that you can sell it with a higher value, so you will have some profit.
But that is hard to know, because you never know what can happen with the value later.

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?

You should never sell your bitcoins because of the future it has, so that is why you should not do that.
Another thing is that bitcoins is getting more popular these days and because of that the price will also go up for sure.

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.