Why You Should Never Sell Your Bitcoins Ever - page 18.

carlisle1

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Quote from: aakashsangwan on July 19, 2015, 11:15:06 PM

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 some

VINCEAKTN

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That's a really good statement and you have a point.
But still there, you say you will NEVER sell your bitcoin, ever.
Now i'm asking. What's your purpose investing your money in bitcoin? Because you want to gain profits right?
Then why don't you want to sell it, and instead keep it all your life? It'll be useless. You won't feel the result of your hard work.
Well it'll be nice though if you can use bitcoin your country, so you won't need to exchange it to real money. But what if not? Of course we need to exchange it first if we want to use it.
It's just a matter of choice, and condition too because no one lives in the same enviroment.

Md.Sufian

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Keep in mind what it takes to run normally. Then it is better to save whatever is in excess. It should be stored in such a way that it will save at least 1 year

Sanugarid

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

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.

chichigirl

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HELENA

We should never sell our bitcoin because it continue rising and become much expensive as of this moment. Everyone is expecting that it will go up at $10000 at the end of this year.

darefreads

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I think why you should never sell your bitcoin is because of the chance of it rise the total price of it into money and I don't want to go back to my house and I look for my cumputer and get what i keep for nothing.

Semar Mesem

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Because bitcoin prices continue to rise and this is a great hope for us all to get profit. I do not want to sell bitcoin because someday the price can be higher than it is now.

shillberting

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I would never sell them all that would be foolish of me and go against every reason why I got into bitcoin in the first place. Rather I would sell a quarter or half to sustain and retire myself from having do to somebody elses

work. That isnt asking much and I wont be selling a huge portion to complete what I need.

pavelv3

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That is a very good thought, but you have to consume, dog. You know, you can stay on photo voltaic energy only for so extended...

nightways

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Quote from: slavla3 on November 09, 2017, 12:57:08 AM

Well never ever is not excellent, but if you want to lengthy invest your bitcoins it will be fairly great.Because the marketplace is obtaining even bigger and the sum is acquiring larger.

There is no way that you can keep your bitcoins in your wallet for your entire life. You have to sell them at a certain time. There is no point of denying this thing that holding of bitcoin and that too for a long period of time will help you in making a lot of money and you should go for holding. You can hold your bitcoin but at the time of need, you have to go for spending those bitcoins.

Robertqueen2

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Quote from: meebs on November 13, 2017, 03:34:33 PM

There is no point in holding bitcoins and never selling it especially when you are making some good profits from it as I bought bitcoins when the price was around $400 in the past and when I saw price hitting $7500 last week it took no time for me to sell some of my bitcoins as it was giving me huge profits on my investments so without waiting much I sold my coins at higher profits and that was the best decision to make as price started crashing after that so now I can buy some more coins at lower price.

Not all people know when to sell, especially now, bitcoin is volatile and it reacts to any drop fast. You were lucky by selling your bitcoin at high price, but some people who sold below $6000 in the last dump might regret it, because bitcoin reacted fast.

Hoganye

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Quote from: freedomgo on November 14, 2017, 05:10:09 AM

Quote from: Waleed rose on November 14, 2017, 01:46:33 AM

Holding Bitcoins is the best way to earn money because the prices of Bitcoins is going higher and higher rapidly so its good choice to earn money in Bitcoins but you could also use Bitcoins as a currency which could be used as a cash but the Bitcoins is the only cryptocurrency which could be used for multy purposes so if you want to have profit then you should keep holding Bitcoins and wait for the best moment to sell it again.

Just invest what you can afford to lose and hold it long term, that is the best way to make money in bitcoin because the price is very volatile
and one mistake will make you panic and sell for a lose. That is not wise if you do not focus in monitoring the market, you need to trust bitcoin and you
can only give your full trust if you continue to educate yourself.

But remember, you should not put all your faith in anything, not only Bitcoin and cryptocurrency. That is the rule to help you to avoid regrets after failures, because most of traders did not ready the loss before investment. That is the reason they always regrets after all, haha.

ask

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I am holding crypto currencies not only bitcoin. Sometimes i prefer to stay in bitcoin sometimes in ethereum.
And for me this is not selling bitcoin. Hold and don't sell your anycoins

freedomgo

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Quote from: Waleed rose on November 14, 2017, 01:46:33 AM

Holding Bitcoins is the best way to earn money because the prices of Bitcoins is going higher and higher rapidly so its good choice to earn money in Bitcoins but you could also use Bitcoins as a currency which could be used as a cash but the Bitcoins is the only cryptocurrency which could be used for multy purposes so if you want to have profit then you should keep holding Bitcoins and wait for the best moment to sell it again.

Just invest what you can afford to lose and hold it long term, that is the best way to make money in bitcoin because the price is very volatile
and one mistake will make you panic and sell for a lose. That is not wise if you do not focus in monitoring the market, you need to trust bitcoin and you
can only give your full trust if you continue to educate yourself.

Waleed rose

newbie

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Holding Bitcoins is the best way to earn money because the prices of Bitcoins is going higher and higher rapidly so its good choice to earn money in Bitcoins but you could also use Bitcoins as a currency which could be used as a cash but the Bitcoins is the only cryptocurrency which could be used for multy purposes so if you want to have profit then you should keep holding Bitcoins and wait for the best moment to sell it again.

Sled

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Bitcoin- in bullish time

Quote from: Botnake on November 14, 2017, 12:44:32 AM

Quote from: szpalata on November 13, 2017, 06:29:35 PM

Quote from: meebs on November 13, 2017, 03:34:33 PM

There is no point in holding bitcoins and never selling it especially when you are making some good profits from it as I bought bitcoins when the price was around $400 in the past and when I saw price hitting $7500 last week it took no time for me to sell some of my bitcoins as it was giving me huge profits on my investments so without waiting much I sold my coins at higher profits and that was the best decision to make as price started crashing after that so now I can buy some more coins at lower price.

For you , i can say you made enough profit and therefore will have no problem selling but there are others out there without even a single bitcoin but just fractions and yet cannot but wait for a long term before they can really sell to make any decent returns on them.

If we aim for more profit then we have to hold a bit more, the price isl going up so don't doubt how powerful bitcoin is.
In time it will reach our desired price and we can sell for a big profit, that is our main purpose why we are investing, we are not satisfied with small profit only like the day traders because most of us does not invest a big amount of money.

If you are going to invest then always hold it for long term because all of the investment that you will hold for long term will result for the best because just like bitcoin for example and based on true story, its price was just below $1,000 but now it is more than $6,000 which is a x6 gain if you hold your bought bitcoin in that price until now which is very awesome for an investment.

Botnake

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Quote from: szpalata on November 13, 2017, 06:29:35 PM

Quote from: meebs on November 13, 2017, 03:34:33 PM

There is no point in holding bitcoins and never selling it especially when you are making some good profits from it as I bought bitcoins when the price was around $400 in the past and when I saw price hitting $7500 last week it took no time for me to sell some of my bitcoins as it was giving me huge profits on my investments so without waiting much I sold my coins at higher profits and that was the best decision to make as price started crashing after that so now I can buy some more coins at lower price.

For you , i can say you made enough profit and therefore will have no problem selling but there are others out there without even a single bitcoin but just fractions and yet cannot but wait for a long term before they can really sell to make any decent returns on them.

If we aim for more profit then we have to hold a bit more, the price isl going up so don't doubt how powerful bitcoin is.
In time it will reach our desired price and we can sell for a big profit, that is our main purpose why we are investing, we are not satisfied with small profit only like the day traders because most of us does not invest a big amount of money.

szpalata

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Quote from: meebs on November 13, 2017, 03:34:33 PM

There is no point in holding bitcoins and never selling it especially when you are making some good profits from it as I bought bitcoins when the price was around $400 in the past and when I saw price hitting $7500 last week it took no time for me to sell some of my bitcoins as it was giving me huge profits on my investments so without waiting much I sold my coins at higher profits and that was the best decision to make as price started crashing after that so now I can buy some more coins at lower price.

For you , i can say you made enough profit and therefore will have no problem selling but there are others out there without even a single bitcoin but just fractions and yet cannot but wait for a long term before they can really sell to make any decent returns on them.

mel0924

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I will never sell my bitcoins as to this moment because I want to have more profit in the future. I know bitcoin price and value will go up to the moon and I want to be profited with that so I will never sell my bitcoins I will still store it in my wallet.

meebs

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There is no point in holding bitcoins and never selling it especially when you are making some good profits from it as I bought bitcoins when the price was around $400 in the past and when I saw price hitting $7500 last week it took no time for me to sell some of my bitcoins as it was giving me huge profits on my investments so without waiting much I sold my coins at higher profits and that was the best decision to make as price started crashing after that so now I can buy some more coins at lower price.

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