Topic: Why You Should Never Sell Your Bitcoins Ever - page 37. (Read 270139 times)
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 don't agree. I sold them at about 4300 usd and then bought back this morning when the price fell to 3700 and made a nice profit. Obvioulsy this is risky because it could happen that it would keep growing at 4300 and then I would have to buy them back at even higher price.
Speculations predict that btc will hit 10k dollars by 2019 end , don't sell !!!
Even there are chances that bitcoins are going to hit this price in 2018. If bitcoins are going to be at 5k dollars by the end of 2017, I don’t think so it would be tough for bitcoins to jump to 10k dollars in the next complete year. In short, bitcoins are ever growing currency so it would be like missing a spaceship to moon. Price of bitcoins will keep on increasing over a period of time but never selling coins doesn't make any sense as we will never sell our coins then we will never make any profits and to get profits on your investments you need to sell your coins at a right time and buy it back when price drops in future.
Speculations predict that btc will hit 10k dollars by 2019 end , don't sell !!!
There are differing speculations on the price this yea r and that, Bitcoin by it's very nature is highly volatile and yes the price could be 10k by the end of 2010, but it could also be worth cents should the markets desire. It is here to stay though, so let's ride that train!
Speculations predict that btc will hit 10k dollars by 2019 end , don't sell !!!
Even there are chances that bitcoins are going to hit this price in 2018. If bitcoins are going to be at 5k dollars by the end of 2017, I don’t think so it would be tough for bitcoins to jump to 10k dollars in the next complete year. In short, bitcoins are ever growing currency so it would be like missing a spaceship to moon. Price of bitcoins will keep on increasing over a period of time but never selling coins doesn't make any sense as we will never sell our coins then we will never make any profits and to get profits on your investments you need to sell your coins at a right time and buy it back when price drops in future.
Speculations predict that btc will hit 10k dollars by 2019 end , don't sell !!!
Even there are chances that bitcoins are going to hit this price in 2018. If bitcoins are going to be at 5k dollars by the end of 2017, I don’t think so it would be tough for bitcoins to jump to 10k dollars in the next complete year. In short, bitcoins are ever growing currency so it would be like missing a spaceship to moon.
Speculations predict that btc will hit 10k dollars by 2019 end , don't sell !!!
OP, have you been around when the Bitcoin price hit $1000 before? There was NO fiat collapse when it happened... The fiat price was unchanged during that period... it was just the Bitcoin price that climbed.
Some blame the Willy Bot... but for whatever reason.. Bitcoin was more valueble than any fiat currency, even gold.
Most of the people in that thread, assume that the situation would repeat itself... Fiat price stay the same, and the Bitcoin price skyrockets.
Some services do not accept Bitcoin, so for those things, people would convert to fiat... for the rest, people would spend in Bitcoin.
Some blame the Willy Bot... but for whatever reason.. Bitcoin was more valueble than any fiat currency, even gold.
Most of the people in that thread, assume that the situation would repeat itself... Fiat price stay the same, and the Bitcoin price skyrockets.
Some services do not accept Bitcoin, so for those things, people would convert to fiat... for the rest, people would spend in Bitcoin.
Yes, not everybody wants to convert bitcoin for fiat so easily because bitcoin is more profitable than fiat.
I think a lot of people now convert bitcoin to fiat when they are in urgent need of money to pay their bills or settle something.
Can't understand one thing, if I will never sell my bitcoin's, than why do I have that? Why do I have to hold bitcoin forever if it can to change my financial situation? This isn't a good idea, you have to use bitcoin in smart way, hold it for years to get good profit, sell it, spend it.
you're not live forever in this world. I think this thread means dont be too happy with the current price, and sell all your bitcoin. make your own take profit point. We all knew, we cant keep it forever, and what its use for keeping it, without using it. It is your call, but do it wisely.
The reason we don't need to save forever, you will just be set a limit or a price where you will be converting your bitcoins. The reason you must have a skill and knowledge is because you know when to withdraw yor cash out or sell your coins. Better be active with what's happening around you so you will know what may happen and what is happening.
Can't understand one thing, if I will never sell my bitcoin's, than why do I have that? Why do I have to hold bitcoin forever if it can to change my financial situation? This isn't a good idea, you have to use bitcoin in smart way, hold it for years to get good profit, sell it, spend it.
you're not live forever in this world. I think this thread means dont be too happy with the current price, and sell all your bitcoin. make your own take profit point. We all knew, we cant keep it forever, and what its use for keeping it, without using it. It is your call, but do it wisely.
The reason we don't need to save forever, you will just be set a limit or a price where you will be converting your bitcoins. The reason you must have a skill and knowledge is because you know when to withdraw yor cash out or sell your coins. Better be active with what's happening around you so you will know what may happen and what is happening.
Can't understand one thing, if I will never sell my bitcoin's, than why do I have that? Why do I have to hold bitcoin forever if it can to change my financial situation? This isn't a good idea, you have to use bitcoin in smart way, hold it for years to get good profit, sell it, spend it.
you're not live forever in this world. I think this thread means dont be too happy with the current price, and sell all your bitcoin. make your own take profit point. We all knew, we cant keep it forever, and what its use for keeping it, without using it. It is your call, but do it wisely.
Bitcoin is very good as a long-term investment and we must hold it if we want to get the maximum profit and become very rich. This is the strongest crypto currency in the modern world that changes life for the better.
It is right, that bitcoin is really the strongest cryptocurrency in the modern world because it is very valuable currency in all the crypto coins, and you are right that this precious currency are those peoples hold it for long- term we get it from maximum profit and also those peoples are invest their large amount of assets in bitcoin they become very rich person immediately, and low amount of investors can also change their life from bitcoin.
If people do not use their bitcoins it will be a useless burden. We see that a lot of people do, and if you sell bitcoins and then later regret it when the price rises. Bitcoin is not stock but currency. He created to buy various goods and earn for the completed work. If people will understand that bitcoin will live. If not then we do stand up of the bitcoin pyramid which will crash down around us the rubble.
Well this certainly depends on when you buy bitcoins. If you are a serious trader, then selling your coins is something that you just have to deal with. However, as mentioned before, if you directly buy an item with bitcoin, you are going to have to pay less for transaction and processing fees if you were to sell your BTC for fiat and then buy the exact same item. This is why amazon is a huge hit for bitcoiners as they can easily buy an item at the click of a button (not literally, but much faster than with normal fiat, or selling bitcoins to fiat)
Just hold onto your bitcoins and reap the profits that will come in a few years, if not months.
Just hold onto your bitcoins and reap the profits that will come in a few years, if not months.
Can't understand one thing, if I will never sell my bitcoin's, than why do I have that? Why do I have to hold bitcoin forever if it can to change my financial situation? This isn't a good idea, you have to use bitcoin in smart way, hold it for years to get good profit, sell it, spend it.
i did sell my bitcoin yesteday at high value of $4348 per BTC as my prediction that i will go down in rapid time of 3-12 hours annd yes it is.. iwas right..
but then i did this becuase i always look on the graph of the market about USD to BTC...
and the prediction came right and it reaches the lowest point as i am on the order list already.. YES!!! bitcoin was at $3900 like 12 to 16 hours hours ago
so i ordered a max value on BTC for $3900 ... and now as of this momentit is $4125 per BTC so i am gaining again..
if you think you cant do this time by time i will let you do is wait but if you are on free time the whole day try to do this..
but then i did this becuase i always look on the graph of the market about USD to BTC...
and the prediction came right and it reaches the lowest point as i am on the order list already.. YES!!! bitcoin was at $3900 like 12 to 16 hours hours ago
so i ordered a max value on BTC for $3900 ... and now as of this momentit is $4125 per BTC so i am gaining again..
if you think you cant do this time by time i will let you do is wait but if you are on free time the whole day try to do this..
I won't say never, but holding instead of panic selling is advised. I remember i did some panic selling in the past.
But after the last dip i know it's better to buy more instead of selling.
im also doing the same thing as you do, i wont say that i will hold it forever, i will just hold it until the day come that i need money. if i dont need to withdraw then ill hold it and keep it. its better than selling it at low price. But after the last dip i know it's better to buy more instead of selling.
With time, more and more people will start investing into bitcoins and that will further increase the value of bitcoins. Bitcoins should be selling off only when you have nothing else to meet your demands.
Bitcoin is a very valuable investment that grows even more every day, no matter what, and an intelligent person will not waste it on all sorts of nonsense. You can sell only when the profit completely satisfies.
Exactly, bitcoin is very valuable investment and many investors use bitcoin for long term investment. That's why majority of the big whales prefer to save and hold the bitcoin, instead of selling, and about me, i am not a big investor but i know if I hold my bitcoins then i would get big profit from them, and i learn this thing behalf of my experience of investment on bitcoin.
To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.
Yes, but it is uber low some places. It is 1 percent at Coinbase for example. I could find change in my room to cover those transactions fees.
I guess the 2 main reason why some people sell their bitcoin is that: firstly, they need real money and most of the establishments are not yet accepting bitcoin as payment. And, whenever there is a sudden increase on bitcoin's value they are panicking that it may get lower again on the next minute so they are grabbing the chance while it's still on a high rate. For me, it is inevitable to sell bitcoin to those people who don't have much.
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