Topic: Why You Should Never Sell Your Bitcoins Ever - page 132. (Read 270139 times)

There must be a time that you must sell your coins. Other wise you will not have money later in the future.
But it is hard to predict for what is going to happen in the future. But we all hope that the price will rise for a long time later.

the Bitcoin price is still quite low. I think it is forming a base now, which is around $400. So it is better not to sell.

The bitcoin is gonna increase to a high amount for sure, so selling them now would be stupid in my opinion.
Also think about the fact the bitcoin is the future of all currency's , everything is gonna be digital.

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 is no point to hold on to money. I mean, why are you trying to get hold of money if you're not going to spend it? Just because it looks pretty?

I do the same. But I only spend it when the price is high, or I think it is high. But it is very difficult to timing.

Of course there will be a time that you must sell your coins. Other wise you cant make some money and that is not good.
I hope later that it will be more worth so we can sell it for a high price and that we can get some profit.

later when when the price increase? it's better to use your bitcoin that are generated for mining, you can use them to expand even more your mining facility for example

sell only if you really need to use fiat

Collecting bitcoin as a investment for the future is good. People sell bitcoin if the price decreases continuously and if the price is very high. They don't see the targeted profit they earn. This needs to be considered while you sell. Better hold it and sell only during the time of halving that occurs every $ years.

I would sell some bitcoin if the price goes very high because I would want to use the profits to pay off debts, etc.  However, I don't think I could ever sell all bitcoin because there's really no limit to where it could go.  One thing that concerns me is as it gets harder to mine the coins, will the fees go way up to the point that it's not worth having any bitcoin?

There is no point to hold on to money. I mean, why are you trying to get hold of money if you're not going to spend it? Just because it looks pretty?

very unexpected. bitcoin prices down to $ 400. if I sell now I'm losing money. because I just bought yesterday at the price of $ 418. you have to do is stay patient. and do not sell your bitcoin now. you will lose

Especially halving is so close now. Better you invest on bitcoin today, so when the price increase so high after halving you can sell them all and get profit.