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. 
Topic: Why You Should Never Sell Your Bitcoins Ever - page 36. (Read 270139 times)
People have different circumstances so that may just be applicable to you. Consider the people who ventured cryptocurrencies for profit, what are they gonna do then?
If your plan is investment then you shouldn't sell it but if this is your source of income, try sell a percentage of it if you going to buy something.
That's a great idea, but you have to consume, pet. You know, you can stay on solar electricity only for so long...
Bitcoin grows every day and makes us richer, if we sell coins because of panic or for entertainment, we will lose the opportunity to earn more money. It is necessary to store for the future.
i think bitcoin is growing now but maybe the price will continue to rise as there are still many countries that have not acknowledged bitcoin as a currency in the future will probably be recognized so that the price will be higher.
not selling a bitcoin maybe is a fortune but if you are a smart trader know how to sale and buy bitcoin if their new that bitcoin will down they will sale or trade altcoin because it happen then they new if bitocoin increase so they will buy then wait for other down. they are always look at the world market prize if you are have years on experience on bitcoin its easy your you. its like a gambling
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?
People bought or buy bitcoins for various reasons, some to sell, some to spend, some as a store of wealth so its not up to you to decide what someone does with his or her own money its up to the person to decide what he wants to use his money for. 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?
Bitcoin is a very valuable investment and it's silly to sell it because of the panic. The one who will keep him for several years can become a millionaire without applying any conditions except patience.
first of all i think its stupidity to hold unless you have good amount of bitcoin or you are early adopter in cryptocurrency. those who hold small amount of bitcoin should strict with trading,there is always an opportunity while whales play pump and dump game to grow you btc amount rather than just holding it. 
i like that idea not selling the bitcoin but need to sell 20% 30% to convert as money because i have no choice to save and keep all, i need this because i have a daily expenses for my family needs.
Bitcoin is a very valuable investment and it's silly to sell it because of the panic. The one who will keep him for several years can become a millionaire without applying any conditions except patience.
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?
This is a well written post. I wonder how many of those bitcoiners have sold as they said they would. I think it's safe to say that many of those who bought for low prices have taken profit and cashed out, some of them becoming considerably more wealthy in fiat. It's hard to look at values of money that high and not cash at least some out. Very tempting it is.
Currently I have not saved the bitcoin I own. Because I still need money to meet the needs of my life. If I have more income than out of bitcoin, then I'd better keep it for a long time. But right now the economic needs in my unstable life make me have to take some bitcoin I have. I hope the next time the needs in terms of my economy is stable I want to invest bitcoin that I have in the long term. I'm sure bitcoin will continue to exist for a long time, even some people have predicted for bitcoin value that will reach $ 5000. of course this will be very beneficial for people who save bitcoin.
I trade altcoins regularly and try to make some profits from it but if I am in need of money then I sell some of my bitcoins to get instant cash in my hands which can take care of my needs as I know that even if I sell today I can buy it back in future when price will be lower and I also have an choice of earning it back.
i am also trading bitcoin on regular bases and making some profit from there. but i never decide to hold my bitcoin or altcoin for ever, when ever i feel the the need to sell my bitcoin i try and do that, because i am sure that bitcoin will continue providing opportunities to me to make money and i will always like to get benefit from such opportunities.
I trade altcoins regularly and try to make some profits from it but if I am in need of money then I sell some of my bitcoins to get instant cash in my hands which can take care of my needs as I know that even if I sell today I can buy it back in future when price will be lower and I also have an choice of earning it back.
I think you should keep hold of bitcoin, because holding bitcoin certainly has chance to get big advantage from bitcoin. And i will try to manage bitcoin well, because i believe the progress of bitcoin is increasing.
Bitcoin prices have potential to rise, there is a prediction that bitcoin price will reach over $6000 this is fairly logical prediction. Because bitcoin users use this coin for trade, buy primary, secondary, and tertiary goods while the maximum amount of bitcoin is limited. This makes the demand for bitcoin to increase, so it's better not to sell bitcoin unless there is an urgent need because bitcoin is really profitable. 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?
Why not use your bitcoins to buy things instead of selling them for USD?
That is what I do for the most part. I trade some coins back and forth if there is some profit to be made(which there has been a lot of that lately). Why sell them for USD? That stuff is nasty and has germs on it! Eww!!!!!!!
I guess it depends on what your goals are. If you want to invest your money, then buy and hold is a good idea. If you want to trade then actively buying and selling is a good idea. If you want to actually use bitcoin, then transacting with it (selling) is a good idea. Everyone has their own reason.
I think for the bitcoin, it is better to hold for the long term as the price will rise a lot in the future.
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?
I guess it depends on what your goals are. If you want to invest your money, then buy and hold is a good idea. If you want to trade then actively buying and selling is a good idea. If you want to actually use bitcoin, then transacting with it (selling) is a good idea. Everyone has their own reason.
I think for the bitcoin, it is better to hold for the long term as the price will rise a lot in the future.
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