Topic: Why You Should Never Sell Your Bitcoins Ever - page 24. (Read 270138 times)
The best point is not market your bitcoins, simply because the bitcoin has a very good foreseeable future a head.As an case in point the halving is coming, they say that will insert a zero to it, so you will make a good deal of income.
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.
That's the right thing to do, we have to set a target to sell because that's the only way to make profit by selling high.Actually we can make profit both on long term and short term hold but it's advisable to focus more on short term if you have a decent capital due to the volatility of bitcoin, the price will dump and pump and we should take advantage on that.
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.
For me the reason is bitcoin price in the future will have a great impact. I mean huge price in the future. If you hold bitcoin for a long time its price increase if you base it with the price when you start to earned it.
Because prices are rising and expensive, we will regret if selling bitcoin now because I think the current price is very cheap. Google and many media states that bitcoin prices can reach 100k, and I'm sure with those predictions.
What if these predictions are wrong, and the prices are going to dip below $1,000 per coin? For me, I have two choices if I face some financial trouble. The first option is to sell some of my coins. The second option is to take a loan from some of my friends and relatives. For me, the first option is the most preferred one. Because I don't know how the exchange rates can change in the future.
Well never ever is not good, but if you want to prolonged commit your bitcoins it will be rather excellent.Simply because the market place is acquiring larger and the quantity is obtaining higher.
You must by no means promote them due to the fact the bitcoin is alone is the foreseeable future of all currency's in the entire world.So its greater to just hold your bitcoin and hold out for the instant until you will make massive earnings on it.
I think that it will be depending in your situation and in my own perspective, Some of the people like my that working on bounty campaigns is we need something to sustain in our life and we use bitcoin for our daily needs but if you are rich and you have a day job then holding your bitcoin for a very long time will let you earn more profit.
You can make profit with bitcoin even you don't trade or invest it from those bounty campaigns because once bitcoin price increase you can easily earned profit from it and but mostly why im holding bitcoin is because other prediction that bitcoin in the year of 2020 the price will be at $10,000 dollars or more than that since i want to become millionaire with bitcoin. i don't focus on jobs because i earned more in bitcoin.I think that it will be depending in your situation and in my own perspective, Some of the people like my that working on bounty campaigns is we need something to sustain in our life and we use bitcoin for our daily needs but if you are rich and you have a day job then holding your bitcoin for a very long time will let you earn more profit.
You can make profit with bitcoin even you don't trade or invest it from those bounty campaigns because once bitcoin price increase you can easily earned profit from it and but mostly why im holding bitcoin is because other prediction that bitcoin in the year of 2020 the price will be at $10,000 dollars or more than that since i want to become millionaire with bitcoin. i don't focus on jobs because i earned more in bitcoin. 
I think that it will be depending in your situation and in my own perspective, Some of the people like my that working on bounty campaigns is we need something to sustain in our life and we use bitcoin for our daily needs but if you are rich and you have a day job then holding your bitcoin for a very long time will let you earn more profit.
Yes the situation was quite favourable for the people who saved them in the past and now they are millionaire but right now I beg to differ.. the thing is market is now flooded with many cryptocurrencies thus a newer and better product will always replace the old one ... The crowd that it was gonna accumulate is now fragmented into parts thus we don't know about the future of bitcoins so I think people should sell when the price is high as per the need arises. The obvious problem with your argument is that if no one sells their bitcoin then there will be no market for bitcoin and the price is indeterminate. So there have to be seller and buyers in order the establish value so you can decide the value at which you think is good to sell at. If you never sell you might as well not have them unless you are going to use for collateral for borrowing fiat.
That's true but individually holding your bitcoins has proven to be the best way to actually profit. Go back to 2013 and imagine buying bitcoins back then and holding them until now, you would have profited A LOT. Obviously as you said someone has to be selling and buying bitcoins otherwise the whole thing makes no sense but holding bitcoins is definitely a strategy that has been proven to work really really well.
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?
Yes I agree with you. Bitcoin has a lot of potential and it will surely grow in future. The current price of Bitcoin is nowhere near to the price Bitcoin can achieve. 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?
Right now, Bitcoin is limited to only people who have access to the Internet. Once it will gain more popularity, it will show an increase in value.
Because prices are rising and expensive, we will regret if selling bitcoin now because I think the current price is very cheap. Google and many media states that bitcoin prices can reach 100k, and I'm sure with those predictions.
You are very much right. I will second you without having a second thought that we should keep our Bitcoins and there is no need of selling them especially at the very present moment. The way market price of Bitcoin has increased in such a short span of time, I think there is hardly any reason to deny this fact that it will rise in the future as well. So better hold your Bitcoins.
The obvious problem with your argument is that if no one sells their bitcoin then there will be no market for bitcoin and the price is indeterminate. So there have to be seller and buyers in order the establish value so you can decide the value at which you think is good to sell at. If you never sell you might as well not have them unless you are going to use for collateral for borrowing fiat.
No one will not sell their bitcoins especially now that the value is increasing, maybe we are waiting for the right time to sell it. Not selling it is just like missing the opportunity to reap the fruits of your investment, we all need proper time and we should invest with a specific plan.
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?
Simply because bitcoins value never stops to grow and if you do not spend your bitcoins and continue earning them into signature campaigns bounty campaigns twitter campaigns and trading faucets or whatever it is as long as you dont buy it or even if you do buy bitcoins when time goes by and the valur rises. The bitcoins you have might get much expensive than it does today. Because that is the good thing in bitcoins that is why a lot of people are getting involved in this the bigger money they can get with just not spending it by simply holding it.
This is because they are getting more attention nowadays and a lot of people are approaching them as a source of income.
The obvious problem with your argument is that if no one sells their bitcoin then there will be no market for bitcoin and the price is indeterminate. So there have to be seller and buyers in order the establish value so you can decide the value at which you think is good to sell at. If you never sell you might as well not have them unless you are going to use for collateral for borrowing fiat.
I do not see the point of never selling my bitcoins since we joined bitcoin in order to buy something big and when you reach that amount you can sell it and get the right things.
we have the same thought, bitcoin become useless if we are not going to use it to purchase or pay for something. Personally I decided to join this bitcoin world because i need extra source of income so basically Im using my bitcoin payment in our daily needs though I invest some of it. Its good to hold bitcoin for long term investment but its also useful to use it specially if you really need money
Its not a great idea never ever to sell your coins, I imply if you are obtaining excellent returns then you ought to sell your cash rather then keeping it for long term, as if in long term if the price tag drops down the you require to endure losses.
One flaw with the initial argument is that when you use btc to buy some other good or service you are effectively selling your bitcoins anyway in exchange for that good or service. The same way when you spend using dollars, you are selling $1 for $1 worth of a good or service. So to never 'sell' would be simply to hold forever and then you just have a chunk of value sat there doing nothing.
well said!
It's basically "impossible" to never sell your bitcoins, because in fact, even if you keep them in your cold or hot wallet, you will be time to time in the need to buy something with your coins. Doing this, you will be selling your coins for the exact worth of a good or service at that time. Many people think that selling your bitcoins means only exchange it against cash and completly ignore that buying things on the market is still selling. Well the politics manipulated our brains so that we don't think so
Correct! I think people who holds plenty of bitcoin sometimes do cash them out but of course not all. We need to reward our self sometimes, we invested into bitcoin to have more money and if we will not use it then why did we invest in the first place right?
Jump to: