Topic: Why You Should Never Sell Your Bitcoins Ever - page 13. (Read 270138 times)
I think that holding bitcoin is not good. The reason why people want to earn bitcoin is for them to earn money and i suggest to invest some coin to altcoin It's good to spend bitcoin from time to time
Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
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.
Dude why we should never sell bitcoin? If you wont sell that, you would not get any profit in it and you will lose assests. If you are afraid to sell it set a maximum value that when that coin reaches that kind of amount you are ready to sell it. Me personally when talking about invest you must see the peogress of that and you should earn so that you will be motivated to try anothing like related to bitcoin. Also you must be aware to the news concerning about bitcoin for us to decide very well because we invest
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?
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?
Sir, deciding for Bitcoin to not to sell ever is too risky. We have no idea about what's gonna happen in the next years of it's existence. Also, I don't think that it was a good idea. It is more safe if you at least sell some of it or convert it as Fiat. If you stock your money in one place and will crash soon, it's your loss. Better to devide it in some places.
Because I hope and believe bitcoin prices will continue to rise and continue to rise then I prefer to hold tetco bitcoin that I have in the hope of getting more profit than sold now.
i do not think that we do not need to sell bitcoin because bitcoin is met to be sell for fiat or exchange for altcoins.
the right question is, why you should invest in bitcoin for a long time. and the answer is because you will get a lot of profit in this bitcoin.
the right question is, why you should invest in bitcoin for a long time. and the answer is because you will get a lot of profit in this bitcoin.
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.
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.
NOT selling Bitcoins ever = NO Lambo
It is logical that at some point it may be necessary to sell, however what if you could buy your lambo without the need to sell your bitcoin, you could buy a lambo directly with bitcoin and that is the point that the OP was trying to make when he started this topic.NOT selling Bitcoins ever = NO Lambo
It is logical that at some point it may be necessary to sell, however what if you could buy your lambo without the need to sell your bitcoin, you could buy a lambo directly with bitcoin and that is the point that the OP was trying to make when he started this topic. It seems like it's the best investment these days. Everyday more and more people learns about btc and wants to invest so i just think there are many factors to help it's rising. I'm not selling 
There is always a right time to sell, for now, since we see that the price of bitcoin continue to rise then I guess we should always believe and wait for the right time to sell, it's good to be optimistic because bitcoin is so powerful that anytime the value will pump.
The Bitcoin price has increased in value despite all the reasons, all the rumors about the value.
It doesn't care anything, just increase and make people around the world unexpected.
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 think the real reason why we should keep our bitcoins in a long time is because of the deflation that is always happening. The price of the bitcoin reached $19,500 per each and it seems that the bitcoin will become more valuable. 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 seems like it's the best investment these days. Everyday more and more people learns about btc and wants to invest so i just think there are many factors to help it's rising. I'm not selling
There is always a right time to sell, for now, since we see that the price of bitcoin continue to rise then I guess we should always believe and wait for the right time to sell, it's good to be optimistic because bitcoin is so powerful that anytime the value will pump.
The Bitcoin price has increased in value despite all the reasons, all the rumors about the value.
It doesn't care anything, just increase and make people around the world unexpected.
Because bitcoin prices from day to day continue to rise, this makes me not interested to sell bitcoin, and this has been proven because the current price has reached $ 19,200 and I'm sure the price will reach $ 25,000 before Christmas.
I understand what you said. And that's also my thoughts. Many of us want to sell bitcoins because they earn some money. That means that they do not believe that bitcoins will be the money we can use in all transactions to purchase in stores, in malls, in our wages at companies we work. And another one I'm looking at is that they are afraid that the value of their bitcoins has fallen. So they sell bitcoins so they can save the amount of money they earn on the rise of bitcoins.
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.
Indeed, Bitcoin is an investment for long term. The profits in short time just make you forget the profits in long term of Bitcoin. Forget your Bitcoin amount and make more money to have funds buy Bitcoin. This is my choice to invest in this currency. 
It seems like it's the best investment these days. Everyday more and more people learns about btc and wants to invest so i just think there are many factors to help it's rising. I'm not selling
There is always a right time to sell, for now, since we see that the price of bitcoin continue to rise then I guess we should always believe and wait for the right time to sell, it's good to be optimistic because bitcoin is so powerful that anytime the value will pump.
It seems like it's the best investment these days. Everyday more and more people learns about btc and wants to invest so i just think there are many factors to help it's rising. I'm not selling
Because i believe btc can give me a better life in the future holding btc can earn more. I can use it also in trading like buying znd selling alts.
That should be our mentality, bitcoin is a good investment because of its increasing popularity, if we buy now and more people will use in the future then we can already ensure a great profit and our future will be secured.
Because i believe btc can give me a better life in the future holding btc can earn more. I can use it also in trading like buying znd selling alts.
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.
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