Topic: Why You Should Never Sell Your Bitcoins Ever - page 26. (Read 270173 times)

It doesnt make any sense, imagine if all people does save their bitcoins, knowing it will get bigger value in the future, the question is how many years you would wait till sell your coins knowing its possible it keeps accumulate value over time. I do plan to sell a big part of mine bitcoins at 2020, when the halving should push the price maybe to 10000 dollars.

The problem with your argument is that Bitcoin at the end of the day will still be valued in terms of Fiat Currency meaning the products you will buy in Overstock or NewEgg will adjust to its price in terms of its Bitcoin value. There is no clear scenarios where Bitcoin will overcome the price fall of all fiat currency all the businesses will quickly adapt to tak advantage of Bitcoin in the end.

By just holding it you can already expect a big return, we have seen how the price pump and it's possible to happen again.
Bitcoin is destine for greatness and it will be successful, don't sell if you are not satisfied with the profit yet as the longer you hold
the more value it will grow.

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?

So those who had been strong financially in the OLD world (pre satoshi times) for them its a no brainer They will HOLD like forever.... just because they can.

Now for the new world early birds like ourselves; Smart, apt for change, the believers and revolutionary investors we should DEFINITELY Hold big percentage of BTC and use remaining "if we must spent" given to the circumstances, honestly its so hard to depart with BTC...the feeling when it leaves your node wallet is killer but its also important that we keep the ecosystem healthy by keep on rotating and keep the market flowing...
just make sure when u are spending it is well spend on something which is of some importance to you and not on a pair of jeans or a pizza or that cute teddy your girlfriend liked.. u know what I mean 

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.

You should never sell your bitcoins ever because they are surely going to benefit you in many ways in the future. Bitcoins can be used for making money by investing and trading it for other currencies or by exchanging them. Bitcoins are being used to buy/sell your products for bitcoins.

If you should just hold onto your Bitcoin and never let it go will be it will depend on the person who owns that Bitcoin. Because since Bitcoins are getting more popular there will still be times that some will try to see if they can sell it right away to get rich with cash or if they need an immediate cash to be used for an emergency. But its also a good strategy to hold on to your bitcoins and just let it increase more in price since the projected price or ceiling of bitcoin will be up to $10,000 many people will take advantage of it and currently as talks about Bitcoin is getting louder a lot of people choose to watch how the market will work on their favor.

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.

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 may be right but I think that you need to look for some other ways of earning money besides earning money from selling your Bitcoins, I am in a favor of keeping and holding your Bitcoin as one thing is for sure that the market price of Bitcoin will keep on increasing in the next coming days, so you have to think wisely before selling them.

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 .