Why You Should Never Sell Your Bitcoins Ever - page 28.

winterland

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Quote from: janchegg1 on September 18, 2017, 08:53:28 PM

Quote from: winterland on September 18, 2017, 08:41:38 PM

Quote from: fasdorcas on September 12, 2017, 01:15:59 AM

Quote from: stunvn on September 06, 2017, 09:51:26 PM

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

This, if you look at the weekly charts you will see all kind of anomalies that will make you think that holding is a bad idea but since holding is a long term strategy then you need to look at the chart that has all the story of bitcoin and if you see that the pattern is very clear, a strong tendency to go up.

it might go to the moon and coast 100000 dollars and then even more, so there is no reason to sell it

100k is very far away while that price could be reached someday we mus not deceive ourselves I do not think we are going to see that price, maybe my children or future grandchildren will be able to see it but I think a more moderate price of 30k is something that I could be able to see in my lifetime.

BaraxLo

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Quote from: Hatuferu on September 12, 2017, 01:50:04 AM

Quote from: fasdorcas on September 12, 2017, 01:15:59 AM

Quote from: stunvn on September 06, 2017, 09:51:26 PM

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

I treated it as a long term investment and I won't be selling when people are panic.
The longer we hold the more we get excited because the price is rising in overall, I love the idea of optimistic people to sell only
when they make a fortune already, I guess time will come but I have to wait and hold.

Yes you are right the longer you hold the more you earn, but here the topic is never sell your bitcoin. Can you think of it ever? I don’t think so, because everyone in this world needs the money after some time and he use all the available resources he has.

It means that if need something for which I need the money and don’t have cash in my hand I will definitely sell my bitcoin for my need.

Patrikson

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Quote from: goldcoinminer on September 09, 2016, 07:49:15 AM

Quote from: ?? on ??

Quote from: tygeade on September 08, 2016, 10:26:05 AM

Quote from: rekinthis on September 08, 2016, 09:58:49 AM

Quote from: angryswamp on September 02, 2016, 11:26:56 AM

Quote from: uname on September 01, 2016, 05:47:59 PM

Quote from: Japinat on September 01, 2016, 05:29:58 PM

Quote from: eddyubachs on September 01, 2016, 02:00:30 PM

Quote from: hanlap on September 01, 2016, 01:54:40 PM

No target, still buying what I can afford to lose. When the time comes, I won't need fiat, I'll just spend from my btc savings. Which btw,I consider my btc a form of savings account, not a standard investment so I don't really plan to be in and out at the markets whim. Just letting what happens happen. I figure if we ever hit $100k USD per BTC I might buy something nice, but I wouldn't use all my holdings.

Its difficult to expect that high price from bitcoin in future, I don't think bitcoin can go over $10k in future and that is also not sure whether it will achieve that price or not.

Of course it can go that big amount but the question is all about the right time because I do not see it will happen the soonest, we hardly even see the amount of $1,000 again.

yeah I think if you wait for the price of $ 1,000. maybe you will find that prices in some years to come. because I think it would be very difficult to reach that price. better to sell at the right price

it should come to us way faster in my opinion, i think that we should reach it in like a year or so, next year it will definitely be possible to happen

thats true, in my opinion bitcoins are going to grow huge a lot in the near future and i think that it will make me some good money

Bitcoin will be holding great price in future so its better to wait for that moment when we see all time high price of bitcoins and selling them to earn higher profits.

That is what I am doing now and I am confident that the price of bitcoin is going to increase and going to reach up to $800-$1,000 that is why I believe that holding is going to give us good profit if we are just going to be patient with it and going to wait for the price pump that is going to
happen in the next days.

Yeah, I also hope to see that price before the end of the year, maybe when that happens this would a progressive year for bitcoin and could be the year of bitcoin, we need a positive increase as we are in the last quarter of the year, and this increase will be a good start up for the following year. Every year should be progressive to see a good future.

Yes i agree with you on that but you should sell it at some point because you never know how much money you are going to need or when you are going to need it that is why i say don't sell it yet keep it when you need it the most.

Agraoclya

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I think this is not such a good statement, because everyone buys bitcoin for the purpose to increase their money and i think for that he must have to sell their bitcoin. If you do that by selling you can make a lot of money.

Turiettly

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I am waiting for subsequent block halving and I hope that price will go greater soon after halving so would offer all my cash at that time, and yet again get when value drops down, as selling at a instant is not a fantastic thought I guess.

janchegg1

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Quote from: ?? on ??

This is why you should always hold a few bitcoins because you are interested in the technology.

it`s not that simple. No need to sell it . Because there won`t be new coins in the Future like that. There is a limit. you better count that.

Asmonist

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Patience is a virtue. Every investments need time if we want a higher return. As the basic rule, we should sell at the higher price. Long term investments give higher return. I believe bitcoin will reach its higher value in due time. Its value is increasing especially in this digital world of economy. Waiting is believing.

bitbob82

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Quote from: freedomgo on September 17, 2017, 11:21:23 PM

Quote from: niap on September 17, 2017, 11:20:24 AM

why not sell it when the price is high? You can actually buy again when the value is low.

That kind of mentality is good if you are a trader but for investors who like to get the best value of their money, I guess it's good to hold
it for a long period of time and of course sell when you are fully satisfied with the value of your investment.

I did not buy bitcoin to keep them in my blockchain wallet till my death. Why should I never sell my bitcoin? I will definitely sell some of my bitcoin when I need my fiat currency to meet my needs. All the investment purpose is to earn money and to live a free financial crises happy life and no other purpose. All the people should sell their bitcoin in the time of intense need otherwise it will be worthless.

bncbnc

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Quote from: janchegg1 on September 17, 2017, 11:17:12 PM

Quote from: ?? on ??

Quote from: Crosshair on September 10, 2017, 03:23:59 AM

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

According to my opinion I can't sell my bitcoin if I don't have. But I only sell my bitcoin when the price increase I can make profit with it. I know that not selling your bitcoin have some good things, but people love to make profit. And this will be good for us.

two parts and opinions. But better not sell

Yes I agree with you, the purpose of investment should be that when you realize that it is the time to sell because the price is too high you should sell them out and when the price is low you should buy them back. By this way you can earn more and more money. Also when you need for some need and you have no money in hand you can convert your bitcoin in your fiat currency to overcome your needs.

dead_m92

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I have read a lot of posts of people saying that they were going to dump their bitcoins because of this recently dump in the crypto market.. They were so scared about all the fud about china, and now bitcoin is recovering again.. You al know how bitcoin price works, first it makes a 30% - 40% retracement, and then go up again.. and we have seen that a lot of times.

pisston

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Quote from: CarnagexD on September 19, 2017, 11:18:40 AM

Quote from: BitProdigy on July 19, 2015, 09:48:08 PM

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

You've got a point in terms of choosing whether to deal with transaction , investment or even trading. In the point the we can't avoid fees. So whether we want to earn more in the future or not we should always think about how we could earn and how bitcoin could possibly help us in the future.

If you follow the advice never to sell Bitcoin, then the offer is pretty wild. Then why is Bitcoin needed if it is not sold and does not raise its financial state?

sumangs

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Quote from: ArIMy11 on September 19, 2017, 03:18:38 AM

Quote from: Dart18 on September 15, 2017, 05:12:04 AM

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

That's what everyone us want to more bitcoin as much as possible. We already know that it's price are not stable, it may goes down and the good thing is that it may also continue to increase from time to time. Selling bitcoin or converting bitcoin into fiat currency give us money that we can used to buy the things that we want but there are people that sell it because of panic but they regret it at the end.

While taking advantage of its price being volatile, trading is the best way of getting a profit unlike holding it and not selling it. Once you get you profit in trading, it makes you wiser than the ones who are just holding it and not worrying about the price.

CarnagexD

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Quote from: BitProdigy on July 19, 2015, 09:48:08 PM

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

You've got a point in terms of choosing whether to deal with transaction , investment or even trading. In the point the we can't avoid fees. So whether we want to earn more in the future or not we should always think about how we could earn and how bitcoin could possibly help us in the future.

guoyu78

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Quote from: jakezyrus on September 14, 2017, 11:41:19 PM

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?

well for me idont really care if what are the reasons why i shouldnt sell my bitcoins, because im just a poor boy and i need money moneymoney to live, to buy my food and my needs and everytime i recive a single bitcoins i immediately withdraw it without a doubt and im not regretting if the price goes higher soon

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.

setupbounds

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Quote from: Crosshair on September 10, 2017, 03:23:59 AM

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

You have rightly said. It is nothing else but “Patience” that will make you earn or lose in the world of business especially Bitcoin. I think holding of Bitcoin will be the best thing for you and your family if you continue to do so in future. The prices will keep on increasing most of the time, thus adding more money in your account.

Bobmarley2000

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You should sell it if you need money thats normal and not a stupid thing to do. I would save bitcoins, because we have seen that bitcoin is still growing in his value.

You can sell it when bitcoin will hit a massive amount of money in the future.

ArIMy11

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Quote from: Dart18 on September 15, 2017, 05:12:04 AM

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

That's what everyone us want to more bitcoin as much as possible. We already know that it's price are not stable, it may goes down and the good thing is that it may also continue to increase from time to time. Selling bitcoin or converting bitcoin into fiat currency give us money that we can used to buy the things that we want but there are people that sell it because of panic but they regret it at the end.

Mailly

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You should by no means promote your bitcoins, because the bitcoin has a brilliant potential a head.Also the bitcoin will rise soon or later so which is a actually very good explanation to not promote them.

Don Pedro Dinero

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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 think you’ve got a point here but in my view there are a couple of situations where I would sell BTC. You only mention selling them for FIAT but I will be always paying attention to how cryptocurrencies markets go just in case another crypto overcomes btc. I quite believe in btc but if in the future I see, let’s say, litecoin, growing in capitalization and becoming the number 1 crypto I will be trading at least some of my BTC for litecoins to diversify.

Then, you mention buying goods directly with btc. More than two years have passed since you wrote your post and there are still only few shops where you can buy directly with btc. You can use your bitcoins to buy almost everything if you use webs like all4btc, for example, but in this case, although you are not converting your btc into FIAT to buy goods, they do.

And finally, I don’t see the problem of converting btc into FIAT if you spend you money right away. Your point is that FIAT is becoming worthless so you won’t trade something with value, like btc, for it. But the thing is, FIAT has still value nowadays so what’s de difference between spending X amount of BTC to but a good and convert those BTC into the equivalent of FIAT money and spend it right away to buy that good? Especially if you don’t have a way to buy it directly with btc.

marcbitcoins

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Quote from: Dart18 on September 15, 2017, 05:12:04 AM

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

Because bitcoin value is increasing that we may ride on time when the value reach to the moon and earn from it. We should sell our bitcoins only if we really need the money to purchase or pay the very important things or else just keep it hoarding until the price reach for the sky.

Topic: Why You Should Never Sell Your Bitcoins Ever - page 28. (Read 270173 times)