Topic: Why You Should Never Sell Your Bitcoins Ever - page 30. (Read 270138 times)

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.

Never panic even it falls too dip, no matter what happen as long as you don't need money now or until December. By December we can definitely see its value to the moon again wven withput Chinwse investor.

Never panic even it falls too dip, no matter what happen as long as you don't need money now or until December. By December we can definitely see its value to the moon again wven withput Chinwse investor.

Yes, those people who can wait for a long time and who do not panic can make money in the crypto coin business. Those people can mostly be investors and businessmen. I think for ordinary person it will not be possible to hold their bitcoin for ever because they have invested for some purpose and if they need menu what will they do if they do not want to sell their bitcoin.

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

For me, we should never sell our bitcoin.First we can get extra income from it and second bitcoin is good investment for us. I prefer to say that we just have to wait until bitcoin gets very expensive and popular before you sell it. Because I believe bitcoin price gets higher and higher nowadays.

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.

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?

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 it's not that bad to sell some bitcoin if you're in need some fiat especially when there's an emergency.
And just buy back again if there's some dips again. Truly HODLing is real as  I seen how bitcoin behaves this year and it's more profitable when you hold it for long term. We're all hoping that as days passes by bitcoin price will increase more. Just by touching $5000 really indicates that bitcoin can go that far and nothing's impossible.

You are right. You need not to check the chart if you have planned for long term investment. On the other hand, if you are trading in it and you want to buy and sell the Bitcoins then you definitely need to keep an eye on the chart so that you may have a better idea of what is going on and that you can decide accordingly.

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 think the the fact is opposite, we should buy and sell bitcoin always so that we can never loss even profits/

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

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.

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.

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?