Topic: Why You Should Never Sell Your Bitcoins Ever - page 15. (Read 270138 times)

these are some thoughts to ponder since I've set my goal to sell bitcoin on a certain market conditions, but considering the word's monetary system it is quite true that bitcoin is a haven and its proof is its continuously increasing value and number of users throughout the world. But I guess most of the investors here sells their bitcoins not because they reach their goal but some because they needed the money. 

The fact is most of the people are treating bitcoin as an investment and not a currency and in that case they are not willing to sell their coins to make higher profits in future so even if price is too high now they will not sell their coins now and will wait for the price to go even higher to make more higher profits in future.

as far as I know investing in bitcoin is more profitable, so most of the investors are choosing bitcoin as an investment.
now it's been a lot of others who choose bitcoin than other coins that have just appeared in these months.

As far as the future value of bitcoin is concerned, we all know that it is going to someday touch some unbelievable value and then it would be really out of question to buy bitcoin directly. Bitcoin is the future of world economy and this is why banks are really against bitcoin because bitcoin is offering better services than banks. The transaction fees do not bother until we are making very good profit with it.

NOT selling Bitcoins ever = NO Lambo

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

you have a very good point there, there are so many people now that are investing in the cryptocurrency bitcoin. if this crypto reaches 10 000$ which happen right now there are too many people will buy again.

If you have nothing to buy or emergency that you need money you should never ever sell your bitcoins because you will surely regret it in the future, so the best to do is to find and have a stable job that give you earnings for your daily living then give some time for bitcoins and don't spend the money you'll earn here. Make some adjustments on your life don't buy some things that has no value like gadgets. Some people just keep their bitcoin last last year and then now they become millionaires that's because they take the risk, so if you have some feelings that bitcoin will reach $20k+ next year then follow your mind and you will see in the next year the bitcoin that you hold becomes one of the key to your success.

I think that in the future, bitcoin might come in handy. It's volatility could reach the extent where it's value might be doubled or even tripled in the future. Now, the good thing in keeping one's bitcoin is the fact that you would be reserving yourself for a lot of opportunities in the future that involves bitcoin. You know what they say, "It is better to be prepared."

if bitcoin ever reaches 10,000 USD per bitcoin. I'll probably convert my bitcoin to fiat currencies no matter now, especially the online wallet that coins.ph I'm using are too strict nowadays especially for those transactions you should be detailed and obligated to explain them because if you do not coins.ph hold your Bitcoin on your wallet. So when I get 10,000 USD is withdraw immediately without a doubt. Based on my scattered information about users also on coins.ph

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

The price of bitcoin is continue rising up and that is why we should never sell bitcoin ever because if you will sell bitcoin right now then you miss the opportunity because you will unload the bitcoin which is the only opportunity that i know that can make us rich in no time.

The point i think is to selling bitcoin not carelessly to selling it, and each person must have prepared the plan (target) to be able to get the benefits by looking at price developments. Well for me in this thing, of course if we can still get a  chance to get a more profit at another time, it's good it doesn't have to selling it in a hurrying.. because bitcoin price can still continue moving higher.

because bitcoins is a future money of the future maybe in 2020 they get higher and higher i will just stock it for safety so if i need a money i will withdraw just need a patience slowly bu surely

It is true that Bitcoin will someday be worth millions and therefore it is impractical to sell. On the other hand, if it doesn't have any use whatsoever then what is the point of it in the first place? I mean you need to be able to spend, send/receive quickly and efficiently (low fees) if we are to get BTC to the next level. I am talking about $1,000,000+. No one is going to buy it if it has no purpose.

BitProdigy knows what is up huh. I plan to do similar things and will basically only cash out what I need for living expenses for the year. Aside from that I plan to hold all my money in crypto and slowly spend it once it becomes currency and it piles up. If bitcoin ends up north of 100k I can reasonably say all of us who got in now will have more money than we know what to do with and that will be a nice feeling. Financial freedom isn't everything but it can put us on a great path to being content with all that is in our lives.

I've bought my humble share at $3500 so I prefer not to buy more unless it drops. Also current price record is an ultimate hit of $10950. My share increased a lot. Also I sold lot of bitcoins when there is a better price. Most people ponder bitcoin is a better choice for investment to make better profits not For the currency. This thought make bitcoin hard to grow, investors come and go. As they just seek for gaining profit in buying and selling bitcoin in higher price but not to hold bitcoin for long term to use it regularly like currency.

Thats true until it isnt.    If everyone holds and does nothing then bitcoin stops being useful, its just built on a collective 'I hope it will'.     Theres no money in hope alone, it needs effort, work, ideas and initiative of real business.

That is the main draw back to bitcoin, the wallet doesn't do anything except hold a receipt.  The proof of stake coins put the wallet into work by confirming transactions and it seems to do this at far less cost and with greater efficiency I imagine they might more likely succeed.  Greater participation by a population in a business even if its as basic as transaction confirmation is a positive I think.

Thing is holding doesnt do anything, its an economy or it isnt.   I would estimate no worth if it becomes about holding more then using.   I put the bits into bits of gold largely under the reasoning if one rises in price, or bubbles then the other will too at some point in future as they are both finance related I think.   So I sold out and I didnt, as I dont really believe in Dollars, Euro, Yen or Sterling especially.  

  I figure the way to go to avoid this apprehension of holding or fear of losing future gains, make it about a trade.   So all I could think of mostly is the gold but it could be anything useful or with future use, anyone in a business can justify it or selling btc to pay off mortgage and avoid future interest is justifiable whatever the price.
One guy famously sold his dads house after he inherited it, spare I guess and the price at the time was like $800  I think so he is doing well.  I dont agree he should never sell, it varies by the person what is most useful to them, only spare capital should be held in bitcoin partially.

Simply because it generates passive income for me. Can understand simply that you do not need to do anything can still make money. The profit will not be small because I believe that the value of Bitcoin is increasing and it is a stable currency that is as stable as gold.

Nice thought !! I never sell my BTC too, if not the case of extremely necessity.