Why You Should Never Sell Your Bitcoins Ever - page 149.

HarryKPeters

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Quote from: mtnsaa on January 04, 2016, 12:20:44 PM

I think many of us will sell a share if we can clearly see a bubble or spike with no correlation to fiat or other markets. If Bitcoin suddenly starts rising and reach $10000 many will sell in a second because that can't be real. On the other hand if Bitcoin reaches that value with years and based on fiat inflation, then it means BTC has become a completely legit currency and people will actually want to convert fiat to it not the other way around.

Yeah in time you will see the rate where people think it's acceptable to buy a bitcoin for X will increase. 1.5 years ago buying at 700 USD was completely normal.
So with every increase of the price, the floor is raised too.

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I think many of us will sell a share if we can clearly see a bubble or spike with no correlation to fiat or other markets. If Bitcoin suddenly starts rising and reach $10000 many will sell in a second because that can't be real. On the other hand if Bitcoin reaches that value with years and based on fiat inflation, then it means BTC has become a completely legit currency and people will actually want to convert fiat to it not the other way around.

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Quote from: coinyard on January 04, 2016, 07:07:25 AM

Quote from: DimensionZ on December 17, 2015, 08:10:41 AM

What about writing the personal keys to your stash of bitcoins in your will and give it to your children effectively making them millionaires in their lifetime?

If you write your private key in the will, will somebody such as the lawyer see the characters and steal the bitcoin?

you can simple resolve this by teach your child how to use pgp message. So in your will you only write the pgp message whit the keys into it Wink

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Quote from: DimensionZ on December 17, 2015, 08:10:41 AM

What about writing the personal keys to your stash of bitcoins in your will and give it to your children effectively making them millionaires in their lifetime?

If you write your private key in the will, will somebody such as the lawyer see the characters and steal the bitcoin?

zodiac3011

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Quote from: XinXan on December 17, 2015, 09:45:24 AM

Quote from: zodiac3011 on December 15, 2015, 11:06:48 AM

Quote from: LuckyYOU on December 15, 2015, 10:43:10 AM

Quote from: zodiac3011 on December 15, 2015, 10:25:00 AM

I learn the lesson myself that do not never sell my bitcoin unless you are in need of using it. Then do not sell it because you will start feeling regret when the price goes up

Yes I learned this as well. That's why I'm trying to hold as much as I can. Since I'm doing bitcoin next to my regular job, it's not needed to spend it on anything right now.
It's best to hold in this situation that I'm in.

yeah just made the same mistake again a few weeks back. Sold my bitcoin at 350 and BAM! 3 days later 420 Sad

Hope I will never do that again Grin

It's a mistake now but you coulnd't know it back then. You will hold now and maybe it goes back to 200 and it stays there for 6 months, you never know. The real mistake would be to hold forever without any sense, you have to trade your bitcoins not hold them.

well I know but hold for a long time right now maybe an good option as bitcoin is having a really good potential right now. Hardly can bitcoin be abandoned and the price will go up soon so yeah will try to hold it but not forever

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Quote from: zodiac3011 on December 15, 2015, 11:06:48 AM

Quote from: LuckyYOU on December 15, 2015, 10:43:10 AM

Quote from: zodiac3011 on December 15, 2015, 10:25:00 AM

I learn the lesson myself that do not never sell my bitcoin unless you are in need of using it. Then do not sell it because you will start feeling regret when the price goes up

Yes I learned this as well. That's why I'm trying to hold as much as I can. Since I'm doing bitcoin next to my regular job, it's not needed to spend it on anything right now.
It's best to hold in this situation that I'm in.

yeah just made the same mistake again a few weeks back. Sold my bitcoin at 350 and BAM! 3 days later 420 Sad

Hope I will never do that again Grin

It's a mistake now but you coulnd't know it back then. You will hold now and maybe it goes back to 200 and it stays there for 6 months, you never know. The real mistake would be to hold forever without any sense, you have to trade your bitcoins not hold them.

midmir

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Quote from: DimensionZ on December 17, 2015, 08:10:41 AM

What about writing the personal keys to your stash of bitcoins in your will and give it to your children effectively making them millionaires in their lifetime?

Sure, couple of BTC should be enough Cheesy

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What about writing the personal keys to your stash of bitcoins in your will and give it to your children effectively making them millionaires in their lifetime?

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Quote from: shorena on July 20, 2015, 03:57:47 AM

I agree with the OP. After read many posts I found that most of the users here do not truly believe in and/or not fully understand what Bitcoin is.

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Quote from: flagpara on December 16, 2015, 04:34:28 AM

Quote from: calkob on December 15, 2015, 08:16:17 PM

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.

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.

The idea that bitcoin could get to be worth $10,000 and still the only companies accepting it are Overstock, Tiger direct and newEgg, made me laugh, o yeah and mybe Amazon....... hahahahhaha Grin

True

If btc rise enough, EVERYONe and EVERYTHING will accept bitcoins. Seems rather obvious to me.

they are not even waiting for that, amazon for example is waiting for regulation, they cannot accept somethign that is not regulated globally, because they are dealing with many country

so not even about the issue with the block limit or something, i also think many other are waiting for regulation

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Quote from: calkob on December 15, 2015, 08:16:17 PM

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.

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.

The idea that bitcoin could get to be worth $10,000 and still the only companies accepting it are Overstock, Tiger direct and newEgg, made me laugh, o yeah and mybe Amazon....... hahahahhaha Grin

True

If btc rise enough, EVERYONe and EVERYTHING will accept bitcoins. Seems rather obvious to me.

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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.

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.

The idea that bitcoin could get to be worth $10,000 and still the only companies accepting it are Overstock, Tiger direct and newEgg, made me laugh, o yeah and mybe Amazon....... hahahahhaha Grin

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Ever? If Bitcoin goes to 10K you can't see me anymore. I'll dump all my coins and having fun. When the party is over I'll buy same coins again as cheap as half the price.

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Quote from: coinyard on December 15, 2015, 11:14:45 AM

Quote from: zodiac3011 on December 15, 2015, 11:06:48 AM

yeah just made the same mistake again a few weeks back. Sold my bitcoin at 350 and BAM! 3 days later 420 Sad

Hope I will never do that again Grin

I only use/sell my bitcoin to cover my living cost. I do not trade. Trading is a dangerous thing for us mortals.

why do you say so? trading is about make a lot of profit or just little I think Grin

if you can wait long enough bitcoin value may double Grin

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Quote from: zodiac3011 on December 15, 2015, 11:06:48 AM

yeah just made the same mistake again a few weeks back. Sold my bitcoin at 350 and BAM! 3 days later 420 Sad

Hope I will never do that again Grin

I only use/sell my bitcoin to cover my living cost. I do not trade. Trading is a dangerous thing for us mortals.

zodiac3011

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Quote from: LuckyYOU on December 15, 2015, 10:43:10 AM

Quote from: zodiac3011 on December 15, 2015, 10:25:00 AM

I learn the lesson myself that do not never sell my bitcoin unless you are in need of using it. Then do not sell it because you will start feeling regret when the price goes up

Yes I learned this as well. That's why I'm trying to hold as much as I can. Since I'm doing bitcoin next to my regular job, it's not needed to spend it on anything right now.
It's best to hold in this situation that I'm in.

yeah just made the same mistake again a few weeks back. Sold my bitcoin at 350 and BAM! 3 days later 420 Sad

Hope I will never do that again Grin

LuckyYOU

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Quote from: zodiac3011 on December 15, 2015, 10:25:00 AM

I learn the lesson myself that do not never sell my bitcoin unless you are in need of using it. Then do not sell it because you will start feeling regret when the price goes up

Yes I learned this as well. That's why I'm trying to hold as much as I can. Since I'm doing bitcoin next to my regular job, it's not needed to spend it on anything right now.
It's best to hold in this situation that I'm in.

zodiac3011

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I learn the lesson myself that do not never sell my bitcoin unless you are in need of using it. Then do not sell it because you will start feeling regret when the price goes up

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Move On !!!!!!

Quote from: flagpara on December 15, 2015, 07:36:07 AM

Quote from: Betwrong on December 15, 2015, 07:32:06 AM

I don't agree. Why do you think the price will drop after christmas?

If the price of Bitcoin were over $500 now, then, yes, it would drop a bit, but around $500 is a fair price for Bitcoin for the year which is coming. I have explained many times why I think so (and other people did that too), so now I would say that that just my opinion.

I'd very interested in your explanation. It seems really arbitrary to me, would you be kind enough to give me a link to your 'or another one) explanation as I understand you're a bit tired to repeat yourself ^^

I don't think there is any link mate! That's just his general feeling of the whole Bitcoin ecosystem situation! And I have to say I agree! This is a fair price at the moment for 1 BTC after a long downward period that lasted almost 2 years, people are finally regaining their confidence again and the price reflects this.

Also I think that this price will grow a lot until the halving. There are just too many good things coming in the near future!

Cheers!

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Quote from: Betwrong on December 15, 2015, 07:32:06 AM

I don't agree. Why do you think the price will drop after christmas?

If the price of Bitcoin were over $500 now, then, yes, it would drop a bit, but around $500 is a fair price for Bitcoin for the year which is coming. I have explained many times why I think so (and other people did that too), so now I would say that that just my opinion.

I'd very interested in your explanation. It seems really arbitrary to me, would you be kind enough to give me a link to your 'or another one) explanation as I understand you're a bit tired to repeat yourself ^^

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