Why You Should Never Sell Your Bitcoins Ever - page 144.

Yakamoto

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Quote from: Dagmon on January 31, 2016, 03:35:59 PM

Quote from: Windpower on January 31, 2016, 02:05:36 AM

Quote from: joinal on January 31, 2016, 02:00:34 AM

Quote from: justspare on January 31, 2016, 01:07:53 AM

Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

The price will continue to rise, but at some point you should sell it. Don't just keep it for your whole life.

for now is not the right time to sell all your bitcoin. you'd better hold off for a few days, until the bitcoin prices rise again, because now prices are falling at a price of $ 370, if you're patient you may be able to sell in the $ 390- $ 400

It is definitely not the right time to sell. But you should definitely sell at some time.

Do you mean we should sell when the price is $2000? But what if the price rise further after we sell. Shall we buy back?

It all comes down to your own decision. In some cases it is beneficial to buy it back and sell it later once the price is higher, but in other cases it will have to benefit as it puts to much strain on a poorer user, and there is the potential for Bitcoin to plateau and fall in value again after having bought it back.

It all comes down to reading the market.

Dagmon

newbie

Activity: 58

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Quote from: Windpower on January 31, 2016, 02:05:36 AM

Quote from: joinal on January 31, 2016, 02:00:34 AM

Quote from: justspare on January 31, 2016, 01:07:53 AM

Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

The price will continue to rise, but at some point you should sell it. Don't just keep it for your whole life.

for now is not the right time to sell all your bitcoin. you'd better hold off for a few days, until the bitcoin prices rise again, because now prices are falling at a price of $ 370, if you're patient you may be able to sell in the $ 390- $ 400

It is definitely not the right time to sell. But you should definitely sell at some time.

Do you mean we should sell when the price is $2000? But what if the price rise further after we sell. Shall we buy back?

Windpower

hero member

Activity: 532

Merit: 501

Quote from: joinal on January 31, 2016, 02:00:34 AM

Quote from: justspare on January 31, 2016, 01:07:53 AM

Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

The price will continue to rise, but at some point you should sell it. Don't just keep it for your whole life.

for now is not the right time to sell all your bitcoin. you'd better hold off for a few days, until the bitcoin prices rise again, because now prices are falling at a price of $ 370, if you're patient you may be able to sell in the $ 390- $ 400

It is definitely not the right time to sell. But you should definitely sell at some time.

mtnsaa

legendary

Activity: 1568

Merit: 1000

I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.

joinal

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Merit: 250

Quote from: justspare on January 31, 2016, 01:07:53 AM

Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

The price will continue to rise, but at some point you should sell it. Don't just keep it for your whole life.

for now is not the right time to sell all your bitcoin. you'd better hold off for a few days, until the bitcoin prices rise again, because now prices are falling at a price of $ 370, if you're patient you may be able to sell in the $ 390- $ 400

justspare

hero member

Activity: 1022

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Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

The price will continue to rise, but at some point you should sell it. Don't just keep it for your whole life.

shane

hero member

Activity: 756

Merit: 503

Quote from: vero on January 29, 2016, 12:32:19 PM

the answer is i choose to long-term investment and i will sell my bitcoin when price $1000. still far to my goal.

nicely target

I appreciate your actions to hold bitcoin and wait until reach $1000
don't forget to buy back at lower price after you sell your bitcoin

n2004al

legendary

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This was my conviction and it is even in this moment in which I am doing this post. But I am not more such sure that this my conviction would be the same in the days to come. The actual situation with the definitive division of the core developers (which for sure will bring in life a new bitcoin creating in this way a reality with two different bitcoins) make me confuse about the future of these two products. Which of those is the best one or the right one. I am not a dev to understand technically what does it mean the one and the another one. And for me that 1 MB which has caused such division is nothing and don't worth nothing. Where must be based my conviction in choosing the one or the another bitcoin? Then who would be more successful to be followed? Like me are the most of those who follow bitcoin. That mean that the confusion will be a great risk for the bitcoin (or both bitcoins). Probably to many will sell and will follow bitcoin like a movie. Will lose their affection. So, hard times are ahead.

greBit

hero member

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Quote from: vero on January 29, 2016, 12:32:19 PM

the answer is i choose to long-term investment and i will sell my bitcoin when price $1000. still far to my goal.

This the best goal I have seen in long time because I have seen some people saying they want to sell Bitcoin when the price reaches some unrealistic figure but $1000 is achievable in a year I think

shogdite

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LIR Dev. www.letitride.io

Quote from: vero on January 29, 2016, 12:32:19 PM

the answer is i choose to long-term investment and i will sell my bitcoin when price $1000. still far to my goal.

That is obviously your own choice but the OP and myself would like to know why? By the time we get to $1000 again with obvious manipulation that will probably mean many more merchants accept it and will be well on the way. If it gets to $1k then you would probably not need to cash out for the things you would spend the worthless fiat paper on. If we go to $1000-$10,000 i will be buying some bits that i need at the time but i wont be cashing out to paper no more that just doesnt make sense to me anymore. There is a saying though,each to their own.

XinXan

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Quote from: vero on January 29, 2016, 12:32:19 PM

the answer is i choose to long-term investment and i will sell my bitcoin when price $1000. still far to my goal.

Long term investments in bitcoin are hard because people can't stop themselves from panic selling and in the end they lose money for no reason. You buy at 350 and the price suddenly drops and most people sell because they can't handle the pressure, long term investments should be done with only a small % of your total money to avoid such things

chennan

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Quote from: pinoycash on January 28, 2016, 12:12:17 PM

If i dont sell my BTC, i dont have money to pay for the bills, and pay for the food
All my income is paid on BTC. Even our company where i work have the options to get pay by BTC

Just curious, where do you work? You know you can just get a trezor, or something of the sort, and a shift debit card; and when you need to pay the bills, you can just transfer the amount you need to pay into your coinbase account and pay it with that... So essentially there isn't really a need any more to sell your bitcoins.

I am curious to find out where you get your salary based in bitcoins though... I'm assuming you work for a bitcoin based company? I can't imagine it's another completely random job that has nothing to do with computer science.

vero

hero member

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the answer is i choose to long-term investment and i will sell my bitcoin when price $1000. still far to my goal.

dinda22

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Merit: 1000

Quote from: LarryHocks on January 29, 2016, 10:09:05 AM

Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

Of course you can sell bitcoins, but it is wiser to keep it. You must be patient to make much profit.
If you are impatient you can suffer losses and so that you do not want to.

but if you always be patient to wait to see the highest price it was a risk. you can sell and then buy again and make a profit in the short term better.

LarryHocks

sr. member

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Quote from: Pollak on January 28, 2016, 11:03:02 AM

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

Of course you can sell bitcoins, but it is wiser to keep it. You must be patient to make much profit.
If you are impatient you can suffer losses and so that you do not want to.

pinoycash

hero member

Activity: 1316

Merit: 514

If i dont sell my BTC, i dont have money to pay for the bills, and pay for the food
All my income is paid on BTC. Even our company where i work have the options to get pay by BTC

LuckyYOU

sr. member

Activity: 280

Merit: 250

You shouldn't because the is a huge future for the bitcoin.
It will take some time but the bitcoin will raise very soon so why you should your bitcoins.

Pollak

full member

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Pollak

Why not. There is a possibility the later is worth even more and afterwards less.
So you just have to take a risk. Otherwise buy one later.

xdrpx

hero member

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Merit: 603

You have a point there while comparing Bitcoins to antiquated fiat currency, but I have my own reason for not selling my Bitcoins. I feel with Bitcoins I am free to transact out of the grip of a Reserve Bank/central authority having control over how much I can spend and if or not I can spend out of my country or remit out of my country. Right now it's very hard/there are high fees for remittances from where I live. I prefer holding my Bitcoins and not selling them for these reasons.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Everybody will sell their coins someday.
Holding your coins till eternity makes no sense...
I will sell my coins f.e. at the right price.

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