Why You Should Never Sell Your Bitcoins Ever - page 147.

CryptoBjorn

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Quote from: expert4knowledge on January 09, 2016, 05:10:23 PM

Quote from: mouneshwar123 on January 08, 2016, 12:49:01 PM

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Thanks a lot for your point, I think if bitcoin community pay more attention to this point, the price will increase much more.

This is some clear thinking. We as a community must understand we can really help the bitcoin price by holding and working together.
Let's hope this happends in this year.

expert4knowledge

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Quote from: mouneshwar123 on January 08, 2016, 12:49:01 PM

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Thanks a lot for your point, I think if bitcoin community pay more attention to this point, the price will increase much more.

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Quote from: mouneshwar123 on January 08, 2016, 12:49:01 PM

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

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Quote from: mouneshwar123 on January 08, 2016, 12:49:01 PM

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Honestly, you do have a good point... If people just hold Bitcoins, those people aren't really treating Bitcoins as a currency... rather than they are treating Bitcoins as an asset like gold and lock it up in some vault (or in this case cold storage).

I think we are OK right now though. Businesses like Overstock.com and others are starting to accept Bitcoin which will help with this problem so now we can spend bitcoins for actual goods. Once the price of Bitcoin goes up drastically, however, I think you'll see a halt in the economy because that's the time everyone wants to hold until it reaches a tipping point to get as much purchasing power out of their coins.

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You can hedge your bitcoins through option.. but then again, what's the point of hedging it if not speculating for it? we are still talking about bitcoins right?

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Quote from: randy8777 on January 07, 2016, 07:34:48 PM

Quote from: sishendaoye on January 07, 2016, 07:03:45 AM

I don't think it's a bad thing when people cashout, they could be doing this for several reasons. For one, they probably made enough profits to cashout and are able to buy back soon and enjoy those profits. This is how the bitcoin market moves though, with pumps and dumps. If every bitcoin user would be holding, the market would stand still.

holding is easier said than done. a lot people here can't hold their coins unmoved in their wallet for even 2 months. they get bored or can't stand seeing the price go up or down. if they see the price go down a lot, they will sell to reduce further losses. and if the price goes up 5-10%, then they can't deal with the fact that they made profit, and thus they sell to secure a small profit.

Fair enough, but on the other hand why give in to panic and start selling your coins when the price goes down a lot? If you have some trust in Bitcoin you know that after a lot of down will be a lot of up, so you should just wait a bit. Never panic guys, there are no objective reasons for the price of Bitcoin to go down a lot.

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We can sell our bitcoin, for example if you look at the price chart you see there were periods in which it was good to sell bitcoin and but when the price is low.

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Quote from: Next BillG on January 08, 2016, 12:16:48 PM

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

So then, you will sell. I'm curious why someone would never sell.

because he want to use bitcoin directly in the future without dumping even a coin, this will also help the market

and probably for anonimy also

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In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

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Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

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Quote from: Next BillG on January 08, 2016, 12:16:48 PM

Quote from: ajun96 on January 07, 2016, 08:50:53 PM

Quote from: Anegg on January 07, 2016, 06:31:03 AM

I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

now the price of bitcoin is going up, before bitcoin price is $430 now price reach up to $460, I would still be waiting for the price to $ 500

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

I think is quite clear in long term price of bitcoin will go up, meanwhile we are going to see some volatility in price, i think the only two things can kill the bitcoin actually are a fala undiscovered flaw in his design or a legislative change making terrorist to Bitcoin owners, i hope no one of two never happens

Next BillG

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Quote from: ajun96 on January 07, 2016, 08:50:53 PM

Quote from: Anegg on January 07, 2016, 06:31:03 AM

I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

now the price of bitcoin is going up, before bitcoin price is $430 now price reach up to $460, I would still be waiting for the price to $ 500

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

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I'm selling when I feel like I've made enough profit. I don't need to spend any btc atm
I'm one of the people who are just holding and earning more as I go

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Quote from: diodio5 on January 07, 2016, 07:29:13 PM

Quote from: shane on January 06, 2016, 11:08:30 AM

if you are a real bitcoiner, you get salary with bitcoin and you did'nt have other job except bitcoin, so you will still hold your bitcoin ? how did you meet your needs everyday ?

lol, I think if you just rely on bitcoin as primary income, you're not going to hold bitcoin too long, because you need to buy the necessities of life,

That is right. We need to be paid in bitcoin and spend bitcoin to buy goods. Then we save the rest and hold for long term.

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Quote from: Anegg on January 07, 2016, 06:31:03 AM

I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

now the price of bitcoin is going up, before bitcoin price is $430 now price reach up to $460, I would still be waiting for the price to $ 500

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Quote from: sishendaoye on January 07, 2016, 07:03:45 AM

I don't think it's a bad thing when people cashout, they could be doing this for several reasons. For one, they probably made enough profits to cashout and are able to buy back soon and enjoy those profits. This is how the bitcoin market moves though, with pumps and dumps. If every bitcoin user would be holding, the market would stand still.

holding is easier said than done. a lot people here can't hold their coins unmoved in their wallet for even 2 months. they get bored or can't stand seeing the price go up or down. if they see the price go down a lot, they will sell to reduce further losses. and if the price goes up 5-10%, then they can't deal with the fact that they made profit, and thus they sell to secure a small profit.

diodio5

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Quote from: shane on January 06, 2016, 11:08:30 AM

if you are a real bitcoiner, you get salary with bitcoin and you did'nt have other job except bitcoin, so you will still hold your bitcoin ? how did you meet your needs everyday ?

lol, I think if you just rely on bitcoin as primary income, you're not going to hold bitcoin too long, because you need to buy the necessities of life,

sishendaoye

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I don't think it's a bad thing when people cashout, they could be doing this for several reasons. For one, they probably made enough profits to cashout and are able to buy back soon and enjoy those profits. This is how the bitcoin market moves though, with pumps and dumps. If every bitcoin user would be holding, the market would stand still.

Newcoins2020

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Quote from: Rubberduckie on January 06, 2016, 07:45:22 PM

sometime I use them to buy something. I usually always try
and replace them though as I want as many as possible before
the halving happens this summer.

I do this as well because sometimes you have no choice but to sell and use fiat to pay your bills.

I try to buy back as soon as I can and when the price is decent enough to buy at.

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I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

Topic: Why You Should Never Sell Your Bitcoins Ever - page 147. (Read 270138 times)