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Topic: Why You Should Never Sell Your Bitcoins Ever - page 3. (Read 270138 times)

full member
Activity: 1050
Merit: 100
Never selling Bitcoin is not that best way to make money but the save some money only and that is the only thing that you are not selling, with selling you can earn money with it.And that is quite good if the value is high and that you can get some huge profit with it, but that will takes a long time for it.
i agree, the best way is like trading, when high price we sell it and keep it in fiat currency, when the price is low then we buy it again, so we will get more btc units. therefore our assets will continue to increase
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
We should not have to sell our coins and have to use bitcoin as a normal currency for any purchase or for any transaction and in that way bitcoin will establish all over the internet and will have a good value with the passage of time.

Agreed. Just spend Bitcoins or save them! Don sell them for cryin' out loud!! They'll be mainstream soon enough. More a more place are accepting bitcoin all the time.

I think bitcoin is the future of all the money in the world and of course no one should sell their bitcoin, in the future their value will increase very quickly because people will start using it more often
Yes I also keep it in bitcoin condition and whatever the situation, because I'm sure although it takes a long time to hold it sutau when bitcoin price will be surprising. I learned from mistakes when I panicked and I sold it when I thought the price was still low I sold it because I was afraid the price would drop again and only a few days bitcoin prices rose above the price I sold before and I felt the loss. so I will save it and sell it at a very high price later
jr. member
Activity: 317
Merit: 1
We should not have to sell our coins and have to use bitcoin as a normal currency for any purchase or for any transaction and in that way bitcoin will establish all over the internet and will have a good value with the passage of time.

Agreed. Just spend Bitcoins or save them! Don sell them for cryin' out loud!! They'll be mainstream soon enough. More a more place are accepting bitcoin all the time.

I think bitcoin is the future of all the money in the world and of course no one should sell their bitcoin, in the future their value will increase very quickly because people will start using it more often
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
For me, just portion of your bitcoin may ready to sell, what if you don’t have money and you have an emergency that you need money! Where do you get the money in the case of that? We all know that we want to make our coins double or even triple, hold for a long time to have huge money that we can use for future dreams. Traders sell their coins, right


For me, we must not sell our bitcoin right now. In the meantime, bitcoin value is so low. Bitcoin will be at 1500 USD once more if this hit the value predictable then sell and wait for the value. For the future price increase once more. This the fundamental needs to make profits. Bitcoin is a currency. We need currency to purchase foods, pay bills. Bitcoin as currency must be used it if you don’t need additional fiat
I do not understand what do you mean, you said we must not sell our Bitcoin right now, but you also said the price of Bitcoin can be $1500 again someday, this price agaist what thing you said at begin. And in my opinion, currently, Bitcoin is not a currency, it is an asset.
full member
Activity: 406
Merit: 117
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 primary purpose is not selling my bitcoin I believe that the price will pump in the future.  I would like the freedom of being able to spend it as easy as fiat on every day. If you have trust in bitcoin, you see that after a lot of miserable will be a lot of pumps, so you must wait that moment happen. If you want to sell your bitcoin, sell only the amount that you need.
jr. member
Activity: 85
Merit: 2
Join The Blockchain Revolution In Logistics
You should never sell your bitcoins because sooner or later, it's just a matter of time, bitcoin price will start growing again and reach new all time high  Grin
newbie
Activity: 168
Merit: 0
I think the risk is that if somebody dont own of any and the price explode to the moon,  they remain scratching their heads for  a long time. Otherwise if they invested a lot and lose everything will be sad, So  time will tell.
sr. member
Activity: 616
Merit: 250
there are so many reasons behind it, one of the reason is it can make you rich for sure.. bitcoin in today's generation is the most big potential in making a money and creating a profit. bitcoin will decrease again for sure but always remember the word behind HODL
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I never sell bitcoin because I'm sure that bitcoin price someday is very expensive, especially if we look at the current price of no more than $ 7000, of course this is a very cheap price and will not make me interested to sell, with patience then I will get profit.
We should focus or put our attention to the point that the supply of bitcoin is very low and that is a good advantage for long term plus the bitcoin has a good technology that we can use in the future and enhance it to make things easier in the future so the wish for the expensive price is very easy for bitcoin and that is why we should not sell our bitcoin now and keep it for long term.
sr. member
Activity: 585
Merit: 250
PredX - AI-Powered Prediction Market
I never sell bitcoin because I'm sure that bitcoin price someday is very expensive, especially if we look at the current price of no more than $ 7000, of course this is a very cheap price and will not make me interested to sell, with patience then I will get profit.
member
Activity: 210
Merit: 10
The price of bitcoin is continue rising up and that is why we should never sell bitcoin ever because if you will sell bitcoin right now then you miss the opportunity because you will unload the bitcoin which is the only opportunity that i know that can make us rich in no time.
member
Activity: 200
Merit: 11
I see your point and I also want to do it ,
But what if you need some money there is nothing that you can do but to sell some of your bitcoin .
We could never escape it there would always be some point that we would have to sell.
full member
Activity: 350
Merit: 109
For me, just portion of your bitcoin may ready to sell, what if you don’t have money and you have an emergency that you need money! Where do you get the money in the case of that? We all know that we want to make our coins double or even triple, hold for a long time to have huge money that we can use for future dreams. Traders sell their coins, right


For me, we must not sell our bitcoin right now. In the meantime, bitcoin value is so low. Bitcoin will be at 1500 USD once more if this hit the value predictable then sell and wait for the value. For the future price increase once more. This the fundamental needs to make profits. Bitcoin is a currency. We need currency to purchase foods, pay bills. Bitcoin as currency must be used it if you don’t need additional fiat
member
Activity: 311
Merit: 10
"Never" means forever holding it??? It does not mean that if you do not have any cash yet you are still holding your bitcoins??? Come on, maybe hold it a little bit longer until it reaches high value and then trade some of it to cash for your expenses while bitcoin is not legal to other countries and to your country also, and other companies are yet studying on how will they manage it, so be wise enough when to sell your bitcoins, but it always depends on you if you have an idea to never sell your bitcoins ever. Good Luck!
hero member
Activity: 700
Merit: 553
There should be a time that you must sell your Bitcoin. If you never sell your coins, you cant make some profit and that will be not good.
Just wait a while and just look at the value and sell it at the right moment, when you think that is a good price to sell it.
jr. member
Activity: 168
Merit: 1
For me, just portion of your bitcoin may ready to sell, what if you don’t have money and you have an emergency that you need money! Where do you get the money in the case of that? We all know that we want to make our coins double or even triple, hold for a long time to have huge money that we can use for future dreams. Traders sell their coins, right
newbie
Activity: 251
Merit: 0
There are strategic ways to not sell all of your bitcoins when market bulls. Just sell off half of it when prices go up and then buy back in when the prices goes down which gives you even more coins.
member
Activity: 308
Merit: 10
You should use your Bitcoins one day - but as off now, it would be a pure stupid move to sell your available coins. I could see the coins rise quite much in value in the next weeks - will it reach the 1000-mark in 2016 is too early to say, but indeed a possibility. It seems Bitcoins are getting a bigger audience, which means the demand on the coins increases. Simple demand/supply theory says the price will rise - so keep your coins close to you!
newbie
Activity: 118
Merit: 0
It is my bad luck to prove Bitcoin possible!
Now I understand the Op's thoughts. Spending bitcoin directly is the only way for not selling.
hero member
Activity: 952
Merit: 500
Because for now, it's predomimantly a store of value, like a digital version of gold. It has value because it's a decentralized, global, unseizable, immutable, borderless store of value with a fixed supply.
Right definition, with bitcoin we can grow our money once the demand will continue to increase.
It's gonna be more valuable than gold in the future as we are heading to a digital currency future and bitcoin is good because it's decentralized.
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