Topic: Why You Should Never Sell Your Bitcoins Ever - page 17. (Read 270173 times)
I think the one who can give the perfect answer for this question is holder who was holding Bitcoin for the last 5 years. Oh my bad! they're all millionaires for now and too busy to answer for your question
because holding bitcoin is earning money easily. bitcoin price is very high now and still increasing so we need to hold until bitcoin will be a million dollar coin in the future.
I second this. Instead of converting Bitcoin to fiat which may be useless, I would most certainly use it to buy stuff priced in fiat yet still accepting Bitcoin like on newegg or dell. Turning that Bitcoin into a product would benefit me more than converting it to fiat which will either go to crap or sit somewhere and do nothing. There are still things though that will need to be bought with fiat but a quick small conversion can easily solve that problem.
Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold. I never sell myBitcoin because Bitcoin value is increases from time to time and years passes
I think it's absurd to sell Bitcoin. Especially now, when it's value increases every day. If you own Bitcoin, you need to have nerves of steel and good self-control to not to panic every time when it drops and not sell it at a loss.
Selling bitcoins never doesn't make any sense as if you will never sell your coins then you will never get any profits and as an investors our primary concern should be to make good profits whenever possible so if price is good and giving me best profits then I will surely think of selling some of my coins and collect the profits and the balance will keep for future to earn even higher profits.
Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
and now bitcoin price is almost 8000$ and yet the long term is not over,but scary to loss that huge amount if comes a time bitcoin goes drop deeper as we cant imagine today.so lets be practical no one knows what bitcoin or crypto after 10 more years.we must make sure we wont suffer in the end.withdraw some and invest someIn 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
If you are getting double of something why you not a benefit. I think if i have a bit coin i am not going to sell it for atleast 1 year because we are watching that bit coin is growing more and the price day by day also earning, so in future if we dont make it cash than we will get more benefit.
Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
and now bitcoin price is almost 8000$ and yet the long term is not over,but scary to loss that huge amount if comes a time bitcoin goes drop deeper as we cant imagine today.so lets be practical no one knows what bitcoin or crypto after 10 more years.we must make sure we wont suffer in the end.withdraw some and invest someIn 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
Indeed, it is good to keep some but it's also best to spend some for the entire BTC economic climate.
Well yes, spending our bitcoin would be a healthy practice to bitcoin. But considering that many are spending their bitcoins, I prefer to keep them as I believe I could be rich someday through it. Bitcoin makes my dream come true and more realistic. As we all know, there are a lot of people who have a quality life since they earn and keep their bitcoins and they are now millionaires.
I also wanted to be part of those people who found their fortune through bitcoin. As a way for that, I am not yet selling my bitcoin and just trying to invest some of it to further increase its value. I am into saving them as to reach my goals and then I will put up some business I always wanted.
Do not have defeitely solution for this questions, however, to my mind it's the same if united states dollar will die, i think aother fiat cash eill can be found.n
Indeed, it is good to keep some but it's also best to spend some for the entire BTC economic climate.
Well yes, spending our bitcoin would be a healthy practice to bitcoin. But considering that many are spending their bitcoins, I prefer to keep them as I believe I could be rich someday through it. Bitcoin makes my dream come true and more realistic. As we all know, there are a lot of people who have a quality life since they earn and keep their bitcoins and they are now millionaires.
Wish I had that perspective back when I had above 10 BTC. Oh well what can you do. I believe in the longterm value of Bitcoins. It will continue to be strong for the reasons listed. I simply don't trust in fiat currencies enough.
Just hodl.
9.8% increase to the price as of recently when I checked. Just a little difference from what I saw last. The number one reason why we do sell off our Bitcoin is due to the decrease, though there are people who are ready to leave their Bitcoin no matter what happens (no matter how low the price goes). I don’t sell my Bitcoin, unless whenever I feel like I should sell it, maybe when I have a little problem to solve, especially when price is high and I don’t sell all, just a little.
. If nothing does not need you have a large amount to pay, you do not need to sell your Bitcoin and waste it while the value of Bitcoin are rasing up.That is correct and that is something i doubt many of us here will like to do, we can't loose out after so great a find in bitcoin and so we will all keep buying and holding for better days ahead.
Just hodl.
9.8% increase to the price as of recently when I checked. Just a little difference from what I saw last. The number one reason why we do sell off our Bitcoin is due to the decrease, though there are people who are ready to leave their Bitcoin no matter what happens (no matter how low the price goes). I don’t sell my Bitcoin, unless whenever I feel like I should sell it, maybe when I have a little problem to solve, especially when price is high and I don’t sell all, just a little.
. If nothing does not need you have a large amount to pay, you do not need to sell your Bitcoin and waste it while the value of Bitcoin are rasing up. full member
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Don't sell your Bitcoin ever because Bitcoin value increases from time the time and years passes
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?
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?
Actually it is never said to be not to sell it is only says that you must hold your bitcoin and you must wait for the best time to sell it so that you can get some good income and earnings and we all know that bitcoin each day dump but pump doubled so in the future it will somehow become higher and higher.
I think as bitcoins is very fluctuating, and volatile. Even if you were to buy bitcoin low and sell high, you still might not see the big payday you’re hoping for. So you never know when and at what price will stop in future. It’s just too volatile. This virtual currency is known for wild fluctuations in prices. The number of digital currency storage "wallets" from Blockchain.info has nearly doubled from last year, while the lack of a selloff in other digital currencies indicates that new money is flowing into bitcoin. I think this is enough to keep your bitcoin and hold on it, at least for the future luxuries.
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?
Because price now is still not on the highest pick and I believe it will be increased in the near future. 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?
Just hodl.
9.8% increase to the price as of recently when I checked. Just a little difference from what I saw last. The number one reason why we do sell off our Bitcoin is due to the decrease, though there are people who are ready to leave their Bitcoin no matter what happens (no matter how low the price goes). I don’t sell my Bitcoin, unless whenever I feel like I should sell it, maybe when I have a little problem to solve, especially when price is high and I don’t sell all, just a little.
It is a wise decision to not sell one's bitcoin if not necessary. Bitcoin is like an investment. In time, it's value will gradually increase and maybe even more than it's usual change. So, the best thing to do is to not do drastic decisions.
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