Topic: Why You Should Never Sell Your Bitcoins Ever - page 25. (Read 270138 times)
Each one of us had joined and bought bitcoin at different values, all of us wanna to make easy money with bitcoin, no matter if you are with 50% profit or even 200% the thing is you have set an objective for your investment once you achieve you will sell and moove on. Bitcoin has potencial to grow but who will hold the coins for more then 5 years, more then 10 years and who will let them saved above 20 years, there are risks, besides that you will not take advantage of the money you can already use to improve your life because you can get more into the future, soo you need to become old to use those money.
It is difficult to keep them knowing that you can have a lot of money now if you sell it. You can wait and double it when bitcoin hits a massive target. Its up to you actually.
I would suggest to keep them and if you see that bitcoin is rising don't sell them wait for it to rise even more.
It is difficult especially for those that have a big amount of bitcoin but I’m sure that by now they have gotten used to the fact that they have an enormous amount of bitcoin and yet they are still living like normal people and not like the millionaires they are.I would suggest to keep them and if you see that bitcoin is rising don't sell them wait for it to rise even more.
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.
I think the point of this thread is to never sell your bitcoins in exchange of dollars or any other local currency because eventually, you are going to be able to buy things with bitcoins. And I do agree with that. We might not live long enough to see a world where you can buy everything with bitcoin, I will be more than glad just to see a local store accepting bitcoins. But of course not all of us already have the things that we need. I started out doing signature campaigns with a crappy laptop and has a faulty screen. I just continued to work until I had enough money to buy a desktop computer. Now, I am in need of a better keyboard. And then a computer chair and so on.. Our needs continue to be there. If bitcoin is your main source of income, then you will be forced to sell some of your coins in exchange of fiat (in contrast of the point of this thread) in order to upgrade your equipment.
The much more you keep the much more revenue you get above the coming years. In a short time period of just 7 a long time it had profited most who experienced uncovered and adopted it. So absolutely it is not going to fall short which is the reason not to promote bitcoin ever.
As you mentioned how long you keep your bitcoin the price is gonna be higher so you will get more profits. Today the price is between$ 4K and $ 5K.But at the time of the bitcoin launch the price is very very less.Maybe in the future the bitcoin will hit $10K or even more.So keep your bitcoin untill it reaches high value and enjoy the profits. This is a fair enough argument but some goods and services you can only pay for via fiat. In fact most goods/services can only be paid for by fiat or credit. Inflation is going to be a thing at all if you are just selling the amount of BTC you need to make a purchase in fiat. I am guessing you mean exchanging for large amounts of fiat that you wouldn't be using in a few days time.
Exactly. You can't yet buy everything you need, or even most things, with BTC. So it's simply unrealistic.
Beyond that, you should follow a simple principle: if BTC is selling for more than you think it will be worth in the near future, sell high, and wait for the price to drop.
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
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.
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.
The much more you keep the much more revenue you get above the coming years. In a short time period of just 7 a long time it had profited most who experienced uncovered and adopted it. So absolutely it is not going to fall short which is the reason not to promote bitcoin ever.
I certainly would not say such a thing and would definitely not recommend it. What do you mean, why are not i m not going to sell my bitcoins? I think it's a good time to sell everything, like everything is a value. this bitcoin could be everything, including home and car as could be. As a result, if we can get maximum benefit from a product and, in our opinion, find a good buyer, I would definitely like to sell it.As I said, everything is all about time. when it is time to sell it is sold. If necessary hold it and hold.it if necessary. this is the nature of this work. maybe 5 years ago this might be true but I do not think bitcoin will be 10 x in the next five years. it makes more sense to take them from different coins and wait a long time and then sell them.
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?
Actually I should rarely sell my bitcoins ever.Because I just wait for bitcoin's increase. If the coin is increase rapidly, then I will sell my bitcoins for profit
i am not going to sell my bitcoins ever, i will just wait for the value of bitcoins to increase. If i sell it, i may regret, because if time will come the value of bitcoins will increases. Only other people will claim. So, i should Never Sell my Bitcoins Ever.
Selling bitcoin is not a good idea because it s increasing day by day and we predict that it s price will rich 6000 Dollars in the near futur. So we should all save our saved money and not selling it thid will an investment in it self.
Holding bitcoins is like you own a gold, or a land perhaps, In this way the time goes by the value also rises, There are many rumors that bitcoins will rose up to $1M /btc. This makes people craving to earn a piece of btc .This makes them a millionaire in the future. Who knows? This type of currency is unpredictable and i believe in it.
This is the good question and also have the very good answer I will not sell Bitcoin ever because from many times bitcoin price make the new high candle and their price is going up rapidly so that why to save Bitcoin is the best choice i think.
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
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.
I think it will depend on how you use it. It's not just selling, you use it as a capital to earn more. It not that recommended to just hodl because its not that profitable. And another thing is, if everyone will not use bitcoin in exchanges and everyone just HODL it I think prices will remain stable. Exchanges contributes to the movement of prices.
Cause im waiting for that one big moment on bitcoin. I will hold it till it hit $20k ,it doenst matter how long i should wait , 5 to 10 years maybe , im waiting for that price cause its my selling price .
Ever considered that same profit margin is accomplishable by buying and selling at some strategic price levels and over a very short period of time. Buying and Hodl is actually not a strategy and are not fail-proof either, besides it stands to impede on liquidity, when is one of the major attractions any investor would look to see before the decision to invest. Jump to: