Why You Should Never Sell Your Bitcoins Ever - page 140.

ampere

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Quote from: doctor877 on February 12, 2016, 04:26:58 PM

Quote from: coinyard on February 12, 2016, 11:08:08 AM

The price is quite low at the moment. I would suggest to hold the bitcoin for long term. If you want to sell, wait until halving.

Agreed, as this price won't give us much profit that we are looking for, and we have waited too long, so we should have patience and wait till the halving as the price would be much more after halving.

I don't agree, if I am earning profits even at this price I will never hesitate in selling my bitcoins, as I am already into profits then why should I hold my bitcoins? As who know if the price falls down tomorrow to $250 then I need to go through losses.

doctor877

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Quote from: coinyard on February 12, 2016, 11:08:08 AM

The price is quite low at the moment. I would suggest to hold the bitcoin for long term. If you want to sell, wait until halving.

Agreed, as this price won't give us much profit that we are looking for, and we have waited too long, so we should have patience and wait till the halving as the price would be much more after halving.

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The price is quite low at the moment. I would suggest to hold the bitcoin for long term. If you want to sell, wait until halving.

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Quote from: Zaun on February 12, 2016, 04:58:33 AM

Of course there is a time that you can sell. But the time is not yet. The value is very low.
But I think it's going to be worth more later and you can therefore sell it with profit.

Yeah, this is not the right price to sell bitcoins, as the price comparatively low at a moment, so its better we have patience and wait for the price rise, and sell it when the value of bitcoin is giving us a huge profit.

Next BillG

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Quote from: Zaun on February 12, 2016, 04:58:33 AM

Of course there is a time that you can sell. But the time is not yet. The value is very low.
But I think it's going to be worth more later and you can therefore sell it with profit.

Even if the bitcoin is worth more later, I will not trade it for fiat. I will use the bitcoin and that will make it useful.

Zaun

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Forza Roma

Of course there is a time that you can sell. But the time is not yet. The value is very low.
But I think it's going to be worth more later and you can therefore sell it with profit.

yenxz

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Quote from: BitProdigy on July 19, 2015, 10:43:04 PM

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 just think why we should never sell our bitcoin because we must wait for more price increase,just it.

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Quote from: Bitcoinbro on February 10, 2016, 09:41:08 AM

Well there is ever a time to sell. But in this case, it is still a long time.

Because the value is in fact now very low.

I think it would be wiser if you wait.

agree. the current price is still too low, I will remain patient and hold, if you can be patient a little bit, maybe you could sell it at $ 450 or $ 500, maybe a few more months will happen

Scream

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Quote from: LuckyYOU on February 11, 2016, 10:54:35 AM

You should never ever sell your bitcoins because of the future it has.
The bitcoin is at a low price at the moment but that will change.
Also the halving is coming so that's pretty nice.

how about this situation
if I do not have income expect of bitcoin, and my daily job is earning bitcoin,
must I keep hold my bitcoin...?

DrLove2048

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You should never sell your bitcoins ever, just stare at that wallet that says your BTC is worth $40,000 and go "ahhh, but I said I'd never sell it"

Anddos

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Quote from: 1Referee on February 10, 2016, 07:46:04 PM

Quote from: Anddos on February 10, 2016, 06:51:48 PM

Well if you never sell it then what's the point? Just hoarding it? You can't take it with you after you die. Money is to be spent.

I get your point, the title is a bit misleading. OP means that we should use Bitcoin solely as currency to buy stuff with our coins instead of converting them to our fiat currencies. I totally agree with the fact that we should spend our coins more, but I am also a person that finds that people are free to use Bitcoin the way they want. If they want to convert their coins to fiat, then no problem. I don't mind it. Bitcoin is a free market.

Of course everyone's free to do as they choose. Never said anything else. And, yes, you're right. I thought that OP meant we should just keep bitcoin.

LuckyYOU

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You should never ever sell your bitcoins because of the future it has.
The bitcoin is at a low price at the moment but that will change.
Also the halving is coming so that's pretty nice.

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Quote from: Dagmon on February 11, 2016, 05:48:49 AM

Quote from: 1Referee on February 10, 2016, 07:46:04 PM

I get your point, the title is a bit misleading. OP means that we should use Bitcoin solely as currency to buy stuff with our coins instead of converting them to our fiat currencies. I totally agree with the fact that we should spend our coins more, but I am also a person that finds that people are free to use Bitcoin the way they want. If they want to convert their coins to fiat, then no problem. I don't mind it. Bitcoin is a free market.

That is what I do. I do not sell any bitcoin. I just use the coins to buy things I need to use. I do not pay with fiat.

not before stores like amazon use btc as payment method. atm you have not much options but exchanges.

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Quote from: 1Referee on February 10, 2016, 07:46:04 PM

I get your point, the title is a bit misleading. OP means that we should use Bitcoin solely as currency to buy stuff with our coins instead of converting them to our fiat currencies. I totally agree with the fact that we should spend our coins more, but I am also a person that finds that people are free to use Bitcoin the way they want. If they want to convert their coins to fiat, then no problem. I don't mind it. Bitcoin is a free market.

That is what I do. I do not sell any bitcoin. I just use the coins to buy things I need to use. I do not pay with fiat.

1Referee

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Quote from: Anddos on February 10, 2016, 06:51:48 PM

Well if you never sell it then what's the point? Just hoarding it? You can't take it with you after you die. Money is to be spent.

I get your point, the title is a bit misleading. OP means that we should use Bitcoin solely as currency to buy stuff with our coins instead of converting them to our fiat currencies. I totally agree with the fact that we should spend our coins more, but I am also a person that finds that people are free to use Bitcoin the way they want. If they want to convert their coins to fiat, then no problem. I don't mind it. Bitcoin is a free market.

Anddos

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Well if you never sell it then what's the point? Just hoarding it? You can't take it with you after you die. Money is to be spent.

reputedchain

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Quote from: Bitcoinbro on February 10, 2016, 09:41:08 AM

Well there is ever a time to sell. But in this case, it is still a long time.

Because the value is in fact now very low.

I think it would be wiser if you wait.

Exactly, this is not the right time to sell but to wait for next couple of months, as the price might climb up in coming few months and that would be the best time to sell and earn some more profits.

Bitcoinbro

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Well there is ever a time to sell. But in this case, it is still a long time.

Because the value is in fact now very low.

I think it would be wiser if you wait.

romero121

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The more you hold the more profit you get over the coming years. In a short term of just seven years it had profited most who had learned and adopted it. So surely it won't fail which is the reason not to sell bitcoin ever.

praprata

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You should never sell your bitcoins, because the bitcoin has a bright future a head.
Also the bitcoin will rise soon or later so that's a really good reason to not sell them.

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