Why You Should Never Sell Your Bitcoins Ever - page 35.

cyclotronmajesty

sr. member

Activity: 420

Merit: 250

Quote from: AK47- on September 03, 2017, 10:55:19 AM

Quote from: jagdeepjd on September 03, 2017, 10:40:31 AM

It will be a foolish move if somebody says he is not going to sell bitcoins ever. bitcoins history shows it has been volatile a lot so if a person is holding bitcoin since it was 500$ and now it has reached 5000$(momentarily ) if still you are not selling then you are saying NO to money . so as per my opinion anyone who is holding bitcoins should have a target set and sell it at that target and again rebuy it lower levels .

Not everyone is into short term trading when it comes to Bitcoin. Many are just holding it for long term and buy some occasionally when there is drop. Those people will sell when they really require money. I agree many are into selling at ATH and buying at dip. But that is somewhat risky and not done by everyone. There are all sort of people when it comes to trading and investing.

Yeah its good to save it for future and sell it only if you need money or else you are making huge profits from it as majority of people will prefer not to sell right and hold at least till the end of the year as price can even go to $8k or even higher so that would be the perfect time to sell your bitcoins.

AK47-

sr. member

Activity: 644

Merit: 250

Quote from: jagdeepjd on September 03, 2017, 10:40:31 AM

It will be a foolish move if somebody says he is not going to sell bitcoins ever. bitcoins history shows it has been volatile a lot so if a person is holding bitcoin since it was 500$ and now it has reached 5000$(momentarily ) if still you are not selling then you are saying NO to money . so as per my opinion anyone who is holding bitcoins should have a target set and sell it at that target and again rebuy it lower levels .

Not everyone is into short term trading when it comes to Bitcoin. Many are just holding it for long term and buy some occasionally when there is drop. Those people will sell when they really require money. I agree many are into selling at ATH and buying at dip. But that is somewhat risky and not done by everyone. There are all sort of people when it comes to trading and investing.

twicezeroiszero

hero member

Activity: 840

Merit: 500

Borderless for People, Frictionless for Banks

Quote from: Himanshu111 on September 02, 2017, 06:03:46 AM

Bitcoin is one of the fastest growing investment in the market right now and the pace at which Bitcoin is gaining popularity is only making it more and more valuable. Bitcoin has a lot of potential to grow and if you sell, you only loose your potential profit.

In my opinion, I like sell my Bitcoin at highest price in a cycle, depends the demand buying on market in that time.
Example: If I check volume buying is trap and more seller than buyer on market, I will choose sell my Bitcoin and wait the price of Bitcoin fall down for buy back.

jagdeepjd

sr. member

Activity: 700

Merit: 251

It will be a foolish move if somebody says he is not going to sell bitcoins ever. bitcoins history shows it has been volatile a lot so if a person is holding bitcoin since it was 500$ and now it has reached 5000$(momentarily ) if still you are not selling then you are saying NO to money . so as per my opinion anyone who is holding bitcoins should have a target set and sell it at that target and again rebuy it lower levels .

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Zoomber on September 03, 2017, 06:20:34 AM

There should be a time that you must sell your coins otherwise you cant have some profit with Bitcoin and that will be bad for you because you made already an investment in Bitcoin so you must earn money with it. What the OP is speculating is that there will come a point where bitcoin is worth alot of fiat because fiat is crashing. If fiat is crashing, everyone will try to jump off the boat and onto bitcoin, which in turn will make bitcoin the "fiat".

We need to have a target for the selling that we will make in the future because if we don't have a plan then everything is nonsense, the hard work and patience that we putted in bitcoin will just become a waste and we will never experience the benefits of bitcoin so i think that we should pick a price which we are going to sell or else we are just like a fool.

Zoomber

newbie

Activity: 29

Merit: 0

There should be a time that you must sell your coins otherwise you cant have some profit with Bitcoin and that will be bad for you because you made already an investment in Bitcoin so you must earn money with it. What the OP is speculating is that there will come a point where bitcoin is worth alot of fiat because fiat is crashing. If fiat is crashing, everyone will try to jump off the boat and onto bitcoin, which in turn will make bitcoin the "fiat".

SilverKan

newbie

Activity: 25

Merit: 0

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.

winterland

full member

Activity: 434

Merit: 100

Quote from: PizzaBTC on August 23, 2017, 09:36:54 AM

I think people that bought bitcoin bought it for various reasons. So you advising them not to ever sell theirs is not reasonable. What if I bought my bitcoin to sell at a peak price and it has reached that price at which I want to sell it. Should I still keep it?

If you want to sell it then do it, but many people are holding for longer periods because they think that the price we have at the moment for bitcoin is still too low and to be honest I think the same.

abayan

sr. member

Activity: 686

Merit: 260

Quote from: filipwx on September 02, 2017, 06:51:20 AM

Quote from: Zemangat on September 02, 2017, 06:43:43 AM

I think what you say is true .. but if you know in some countries use fiat money for a legitimate payment method. only for the payment using bitcoin is still very little. traders or companies are still unsure of the fluctuating bitcoin prices .. they fear the bitcoin prices will fall and make them lose. if you see bitcoin prices rise and fall in a relatively short time .. we can not predict future bitcoin prices. all we can do is guess the current bitcoin movement.

Oh yes everyone fears now, not just the traders or companies. BTC like any other crypto-currency is very volatile. We can just keep calm and pray that it keeps going. On the other side, when it goes down, it's also an opportunity to get in the trade, get some coins and sell as soon as they go up...
Well the future will tell us

I think its not the main reason. Company would not use the main bitcoins they may use blockchain technology and they are confident in their investment. I dont have any doubt aboit bitcoins as the analyst predictions it will have a better future just invest what you can afford to lose.

filipwx

sr. member

Activity: 518

Merit: 250

Quote from: Zemangat on September 02, 2017, 06:43:43 AM

I think what you say is true .. but if you know in some countries use fiat money for a legitimate payment method. only for the payment using bitcoin is still very little. traders or companies are still unsure of the fluctuating bitcoin prices .. they fear the bitcoin prices will fall and make them lose. if you see bitcoin prices rise and fall in a relatively short time .. we can not predict future bitcoin prices. all we can do is guess the current bitcoin movement.

Oh yes everyone fears now, not just the traders or companies. BTC like any other crypto-currency is very volatile. We can just keep calm and pray that it keeps going. On the other side, when it goes down, it's also an opportunity to get in the trade, get some coins and sell as soon as they go up...
Well the future will tell us

Zemangat

full member

Activity: 224

Merit: 100

I think what you say is true .. but if you know in some countries use fiat money for a legitimate payment method. only for the payment using bitcoin is still very little. traders or companies are still unsure of the fluctuating bitcoin prices .. they fear the bitcoin prices will fall and make them lose. if you see bitcoin prices rise and fall in a relatively short time .. we can not predict future bitcoin prices. all we can do is guess the current bitcoin movement.

filipwx

sr. member

Activity: 518

Merit: 250

Quote from: batang_bitcoin on September 02, 2017, 04:19:20 AM

Quote from: E-shipper on September 02, 2017, 04:09:42 AM

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.

We had to sell in able to get some profit but you've got to put some bitcoins on your cold storage and don't use it for a very long time. See to it that you have a long term investment in bitcoin and that is by just holding it like that. I preferably to keep 50% of my bitcoin stash and will do the rest depending on my purpose if there's a need to do it so, I will keep on using then for my other needs.

Absolutely true! I try to keep always 50% in cold storage and I trade with the rest depending on my current needs. At the beginning, I lost lot of money on these speculations: I was buying and few hours ago, the price dropped so that I was afraid and had to sale (loosing money). In the meantime, I learned from it. Where I made good money was at the beginning of the year with ETH. I remember I bought at that time for 10$ and I sold for 250$ few months later. That was really good Grin

I don't think that this can happen with Bitcoin. Of course it will grow up, but not soooo fast. You have to be patient with your investment.

Himanshu111

sr. member

Activity: 462

Merit: 250

Bitcoin is one of the fastest growing investment in the market right now and the pace at which Bitcoin is gaining popularity is only making it more and more valuable. Bitcoin has a lot of potential to grow and if you sell, you only loose your potential profit.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: E-shipper on September 02, 2017, 04:09:42 AM

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.

We had to sell in able to get some profit but you've got to put some bitcoins on your cold storage and don't use it for a very long time. See to it that you have a long term investment in bitcoin and that is by just holding it like that. I preferably to keep 50% of my bitcoin stash and will do the rest depending on my purpose if there's a need to do it so, I will keep on using then for my other needs.

E-shipper

sr. member

Activity: 429

Merit: 250

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.

Franky00

full member

Activity: 364

Merit: 105

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.

Tadblt

member

Activity: 75

Merit: 10

Quote from: MRlong on September 01, 2017, 03:23:00 PM

Quote from: Yatsan on September 01, 2017, 10:31:26 AM

Quote from: PizzaBTC on August 23, 2017, 09:36:54 AM

I think people that bought bitcoin bought it for various reasons. So you advising them not to ever sell theirs is not reasonable. What if I bought my bitcoin to sell at a peak price and it has reached that price at which I want to sell it. Should I still keep it?

That is right, And also in my opinion you should just sell your bitcoins if needed because the bitcoin price as they and I say also that it will always pump as long as there are new investors and as time is working. Buy bitcoins and sell only if you need.

Buy Bitcoin for saving -> Always need, because the value of Bitcoin not cheap in future, you cannot buy again cheap price like now in next year!
Sell Bitcoin -> Just when you need money for case of force majeure and have not any way for solve this case.

I am doing this. I hold for the long term. The price has risen several times already.

MRlong

sr. member

Activity: 518

Merit: 250

Quote from: Yatsan on September 01, 2017, 10:31:26 AM

Quote from: PizzaBTC on August 23, 2017, 09:36:54 AM

I think people that bought bitcoin bought it for various reasons. So you advising them not to ever sell theirs is not reasonable. What if I bought my bitcoin to sell at a peak price and it has reached that price at which I want to sell it. Should I still keep it?

That is right, And also in my opinion you should just sell your bitcoins if needed because the bitcoin price as they and I say also that it will always pump as long as there are new investors and as time is working. Buy bitcoins and sell only if you need.

Buy Bitcoin for saving -> Always need, because the value of Bitcoin not cheap in future, you cannot buy again cheap price like now in next year!
Sell Bitcoin -> Just when you need money for case of force majeure and have not any way for solve this case.

Astvile

sr. member

Activity: 1484

Merit: 276

Quote from: BitProdigy on July 19, 2015, 10:48:08 PM

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

There will be still a fee if you will buy items or convert money in direct bitcoins,you will pay the miners fee for miner andthe blockchain network,but its just small not even noticable

Absentis

full member

Activity: 129

Merit: 100

Quote from: Yatsan on September 01, 2017, 10:31:26 AM

Quote from: PizzaBTC on August 23, 2017, 09:36:54 AM

I think people that bought bitcoin bought it for various reasons. So you advising them not to ever sell theirs is not reasonable. What if I bought my bitcoin to sell at a peak price and it has reached that price at which I want to sell it. Should I still keep it?

That is right, And also in my opinion you should just sell your bitcoins if needed because the bitcoin price as they and I say also that it will always pump as long as there are new investors and as time is working. Buy bitcoins and sell only if you need.

Very brilliant idea if everybody is doing this mate, but most certain cases will fail specially when we see bitcoin price drops down many investors lose their belt with bitcoin, and yet selling really and option as paper money is their mode of savings in the bank. They doesn't even care to hold their bitcoins as their savings to grow for further bitcoin price to rise higher doubling it's current price right now; lets say $4000 will became $8000 in the future. So start holding your bitcoins now and you'll be surprise by that speculation becoming a reality soon.

Topic: Why You Should Never Sell Your Bitcoins Ever - page 35. (Read 270139 times)