If I read this topic 2 years ago. I will be milionaire now 
Topic: Why You Should Never Sell Your Bitcoins Ever - page 34. (Read 270173 times)
If I read this topic 2 years ago. I will be milionaire now Because I'm sure bitcoin prices will continue to skyrocket, despite the negative news about the ICO ban in China, but this will never diminish the interest of bitcoin users.
Just remember there is a growth limit to everything. And that includes bitcoin. Indeed bitcoin has always been great recovery after dip and achieve next ATH. We should no bitcoin is not regulated by any specific body thus there is quite good chance of pump and dump from big sharks.China is no more significant factor is bitcoin pricing. China affecting/manipulating Bitcoin price has long gone now.
There are new markets coming strong with more acceptance like Japan.
If one never going to sell bitcoin ever then that bitcoin as good as nothing. Very purpose of investment is to reap better returns on seed money.
Have red today, that china is only speculating with Bitcoin. I think the regime earns money with it. And when they want they drop the Bitcoin price to 100 Dollar. So i sold my Bitcoins near 5k!!
Lol...That is the beauty of life: the lack of hindsight. And then when we know today after tomorrow has set in we tend to regret our past action. Yesterday was a real bloodbath in the crypto bathroom. A lot of money was made and a lot of loss was recorded. Anyway, I hope you later bought back back on the dip. That way you would've made another round of profit too.
It's your choice and you have the right to do that because that is your bitcoin. But for an average person like me that doesn't have a good amount of money, I would sell any amount of bitcoin that I have if I'm already satisfied with its value.
Because I'm sure bitcoin prices will continue to skyrocket, despite the negative news about the ICO ban in China, but this will never diminish the interest of bitcoin users.
I think this way too, cause price is alwways slowly increasing , so better to make your money work on you, and use this money only in bat situations.
I think you mean bad situation. this is indeed. your savings, no matter they are in bitcoin or any other currency will surely help you in your bad situation and time.
and saving in bitcoin have another benefit it is the additional profit if bitcoins price increase in future, which is highly possible.
Yeah saving money in a bitcoin is the best thing to do as it will allow you to grow your savings in future as everyone is expecting to see higher price of bitcoin in coming years.
It is right. I think it is good time to buy some more bitcoin and hold for the next few decades as the price will rise.
The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
Agree, at current level Bitcoin is very much underrated and in the coming years, we will experience exponential growth in the user base as well as in the price of Bitcoin. I don't have studied much about Ether so I can not comment on that but I am optimistic about the financial transformation through crypto currencies and I am sure we will have a sustainable crypto industry within next 10 to 15 years. I absolutely agree with your example of the internet in 199X.
The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
I don't think that this thread is accurate because never selling bitcoins will just a waste of time because you cannot enjoy your profits and benefits if you don't sell your bitcoin. It is better for a person to just not sell his bitcoins for 10 years rather than seeing this thread that says never sell our bitcoin.It's true that we can get more income if we hold longer but we should understand that selling requires proper timing and we need to have our specific target on selling.
The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
I don't think that this thread is accurate because never selling bitcoins will just a waste of time because you cannot enjoy your profits and benefits if you don't sell your bitcoin. It is better for a person to just not sell his bitcoins for 10 years rather than seeing this thread that says never sell our bitcoin. 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 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?
AGREED 100%
The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
Have red today, that china is only speculating with Bitcoin. I think the regime earns money with it. And when they want they drop the Bitcoin price to 100 Dollar. So i sold my Bitcoins near 5k!!
Why everyday are green candle and have not any red candle ?You also know we are trading on bubble growth of cryptocurrency market and bloodbath like today very normally.
Bitcoins are a long-term investment with a good profit, I do not see the point, to sell, what makes a profit. If it was not profitable and did not bring joy, then yes, and so the price of bitcoin only grows. But maybe you have other reasons for this.
The main purpose to introduce bitcoin was for investment like gold and here you are right that one will get huge profit if he/she invest it for long term but some times we see that other commodities have better value and more beneficial profit option than gold. So one may covert his/her bitcoin to other commodities for better return. Converting it to fiat for no reason is perhaps a lose.
Have red today, that china is only speculating with Bitcoin. I think the regime earns money with it. And when they want they drop the Bitcoin price to 100 Dollar. So i sold my Bitcoins near 5k!!
There is ofcourse a time that you must sell it. And that time is indeed not now. I hope later that more people will sell it later in the future. But maybe we can sell it later. And you can see that the value now is rising slowly and that is very good. Its just a matter of time if you ask me because the bitcoin will go to a high amount later or sooner.
In future, it may be possible to purchase luxury vehicles and villas directly by making payments in Bitcoin (even now such listings are available through Bitpremier, but there is not much variety). So I don't think that converting your coins to fiat may become mandatory in the near future.
Bitcoin is growing rapidly and it is desirable to keep it as long as possible so as not to miss out on huge profits, but this does not mean that you need to sit in poverty if the usual money runs out.
I absolutely agree with your point. I only realised this to my own detriment, the only two BTC i actually managed to collect, i sold early last year due to financial difficulty. If only i had hung on to them, i'd have found another way to resolve my issues then and i'd be sitting pretty with my BTC now lol. But yeah, BTC is definitely onwards and upwards, i wouldn't sell for now.
There is ofcourse a time that you must sell it. And that time is indeed not now. I hope later that more people will sell it later in the future. But maybe we can sell it later. And you can see that the value now is rising slowly and that is very good. Its just a matter of time if you ask me because the bitcoin will go to a high amount later or sooner.
In future, it may be possible to purchase luxury vehicles and villas directly by making payments in Bitcoin (even now such listings are available through Bitpremier, but there is not much variety). So I don't think that converting your coins to fiat may become mandatory in the near future.
I don't think that in future we would be able to spend bitcoins directly anywhere to buy anything and we will always need fiat money as it may be possible to spend bitcoins directly in first world countries but don't see it happening in third world countries.
To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.
OK, if you buy with Bitcoin then the merchandise will be very limited and limited. Also, in some places, they do not even accept Bitcoin. Instead, when you switch to fiat, you can buy everything you need with money, it has no drawbacks although you have to take a small fee but it does not matter. 
you should sell your bitcoin sometimes specially like these day..
the big dump will help you earn more if you sell your bitcoin and buy it on the lowest and wait for the top then ssell it again once it dump
the big dump will help you earn more if you sell your bitcoin and buy it on the lowest and wait for the top then ssell it again once it dump
There is ofcourse a time that you must sell it. And that time is indeed not now. I hope later that more people will sell it later in the future. But maybe we can sell it later. And you can see that the value now is rising slowly and that is very good. Its just a matter of time if you ask me because the bitcoin will go to a high amount later or sooner.
In future, it may be possible to purchase luxury vehicles and villas directly by making payments in Bitcoin (even now such listings are available through Bitpremier, but there is not much variety). So I don't think that converting your coins to fiat may become mandatory in the near future.
Jump to: