Topic: Why You Should Never Sell Your Bitcoins Ever - page 41. (Read 270173 times)
Selling bitcoins never doesn't make any sense to me as I will always sell my bitcoins when I am making enough profits from it but I will also save some of it for future to sell at much higher price as I don't want to regret by not selling at the right time.
Idea is good.Instead of converting bitcoins again in to fiat and spending a amount as fee for it and then buying any goods with that fiat cash,directly we could buy such goods with bitcoin itself.But,where could we find services or shops which sell all products for bitcoins.Its available only in japan now since bitcoin has been legalized there.It would take long time to buy goods with bitcoin itself in other parts of the world.
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Lol then you still would have to sell your bitcoins right? Its funny to think that you're not gonna be selling btcs ever. What do you suppoae you're going to do with your btcs? Even if let's say the price does shoot up to the moon and the sun, you're only going to enjoy your savings by selling
Yeah if you want to enjoy your profits then you have to sell your bitcoins at some point of time as with holding you will never make profits and no one knows where price will land in future and if there is downfall in the price then you will regret for not selling at a right time.
All I can say is that it has pros and cons. As for me, there comes a point where I have to sell my bitcoins since we know that we can't purchase some things that can be brought by fiat only. In order to purchase that then it is needed for me to sell some of it but as long as it is not needed then I will not.
If bitcoin is a secondary source of income for you and if you have a day job that pays you in fiat then I think there is no need to sell your bitcoins as you have fiat to take care of your expenses and bitcoins should be saved without spending to gain more benefits in future.
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Lol then you still would have to sell your bitcoins right? Its funny to think that you're not gonna be selling btcs ever. What do you suppoae you're going to do with your btcs? Even if let's say the price does shoot up to the moon and the sun, you're only going to enjoy your savings by selling
Yeah if you want to enjoy your profits then you have to sell your bitcoins at some point of time as with holding you will never make profits and no one knows where price will land in future and if there is downfall in the price then you will regret for not selling at a right time.
All I can say is that it has pros and cons. As for me, there comes a point where I have to sell my bitcoins since we know that we can't purchase some things that can be brought by fiat only. In order to purchase that then it is needed for me to sell some of it but as long as it is not needed then I will not.
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Lol then you still would have to sell your bitcoins right? Its funny to think that you're not gonna be selling btcs ever. What do you suppoae you're going to do with your btcs? Even if let's say the price does shoot up to the moon and the sun, you're only going to enjoy your savings by selling
Yeah if you want to enjoy your profits then you have to sell your bitcoins at some point of time as with holding you will never make profits and no one knows where price will land in future and if there is downfall in the price then you will regret for not selling at a right time.
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Lol then you still would have to sell your bitcoins right? Its funny to think that you're not gonna be selling btcs ever. What do you suppoae you're going to do with your btcs? Even if let's say the price does shoot up to the moon and the sun, you're only going to enjoy your savings by selling
It's human nature that we are tempted sometimes and I believe only few number of people has that strong will to really hold their coins for a number of years.
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Lol then you still would have to sell your bitcoins right? Its funny to think that you're not gonna be selling btcs ever. What do you suppoae you're going to do with your btcs? Even if let's say the price does shoot up to the moon and the sun, you're only going to enjoy your savings by selling
Selling bitcoins at this current price is like throwing your only way to millions someday. And its already official that segwit is only for bitcoin,which only means that bitcoin will keep on increasing as month goes by. And in no time will be seeing maybe 30k -$40k value in price .
Although am yet to start earning bitcoin from signature campaign and trading but if i eventually earn some reasonable amount of Bitcoin, i will hold it pending when the market value of Bitcoin increases to like $10,000 before I will think of what to do with my money. And bitcoin value will increase to that level in two years to come base on its current upward movement.
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
any how is it is not a good idea not to sell our bitcoin for ever, i think people earn money for facilitating their life and i think we can facilitate our life if we are using bitcoin for fulfilling our needs therefore we should use bitcoin to make our llife more facilitated and to enjoy it. 
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
any how is it is not a good idea not to sell our bitcoin for ever, i think people earn money for facilitating their life and i think we can facilitate our life if we are using bitcoin for fulfilling our needs therefore we should use bitcoin to make our llife more facilitated and to enjoy it. enjoy our profit. We sell at our desire amount as that is what is important, we buy and hold as we are waiting for its value to increase
to bring us profit.
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 are not the same, some are not like you! If that was the thing that you are comfortable with your bitcoin to spend with the online shoping then go with it. Because there are also people like me that are not trusted enough those online store because of their product that are only in pictures, how about on actual? I don't want my self to be disappointed. So, instead of spending it on online store, I am preferred to exchange it into cash and shoppe on mall for me to take assurance on the product that I will buy.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?
If bitcoin reach approximately $10,000 I think people are going to cash out it as soon as possible. Why? Because that was everybody's goal. We don't know the future of bitcoin. So, keep holding it.
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
any how is it is not a good idea not to sell our bitcoin for ever, i think people earn money for facilitating their life and i think we can facilitate our life if we are using bitcoin for fulfilling our needs therefore we should use bitcoin to make our llife more facilitated and to enjoy it. for our online transaction but for ordinary people this is nothing to them. I just have to trust bitcoin because it has great potential to grow more
than gold can achieve.
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
any how is it is not a good idea not to sell our bitcoin for ever, i think people earn money for facilitating their life and i think we can facilitate our life if we are using bitcoin for fulfilling our needs therefore we should use bitcoin to make our llife more facilitated and to enjoy it.
I guess I under stand this ...
Selling Bitcoins is a lot like selling US dollars... it makes no sense. lol
Well, it is basically just for currency exchange or whatnot, but as time goes on people will be able to live off of Bitcoin alone.
Selling Bitcoins is a lot like selling US dollars... it makes no sense. lol
Well, it is basically just for currency exchange or whatnot, but as time goes on people will be able to live off of Bitcoin alone.
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
Bitcoin is slowly turning into an investment asset but that's one thing I don't get... and I've asked that in some other thread so I'll just copy/paste it here.
Quote
And then what? When the price hits $10k, there will be people saying Hold until $20k and so on, and so on... when does that holding end for you?
Whenever I read arguments such as in the OP, they always leave me mouth agape. Why wouldn't anyone sell their bitcoins if they were in dire need to solve a cash problem or they read into technical analysis that the coin may crash? I really don't get this part. Do we really see Bitcoin as a god or as an asset? I would sell if the price is right and then wait to buy back at a dip. This is because I see Bitcoin as an asset, not as an untouchable tin god.
This argument makes sense somehow but we have to consider one thing: not all things can be bought using bitcoin. And in my case as a trader I am not intending to hold every last btc I have. What I do is sell portions of my btc on the right time when the price is higher then buy again at a lower price. I do have plans of keeping some of it for future uses but you'll never see me hoard every btc I can buy then let it rot. That's not it's supposed to be. Btc should be circulated to keep its value or else it will be just like what you've said, worthless.
Using bitcoin for the benefit of my family considers this a good thing, especially in an emergency is not wrong if you spend your bitcoin for a positive purpose, except spend bitcoin for rah rah like gambling
Yes, using it on emergency is good. Very few people sell at the right time while majority on over expectation just wait for a bigger price and finally ends up missing the ATH. In reality it's the best investment that one cannot find anywhere else and profit big and low depending on the luck. The popularity of the bitcoin is all because of the increased bitcoin price. Eventually all of us would have to sell our btcs. You can't keep it until it becomes useless. Forecasts have been very encouraging for us to keep.our btcs. Like the price would go beyond 5k or even beyomd 10k in a few years. But the assurance isn't there are strictly saving up btcs may end up you missing all the best chances to sell
You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.
i think it is not such a good idea to hold bitcoin forever and to hold it. i think we should always use our bitcoin when we feel the need for that. i personally using bitcoin whenever i fell the need for that. Exactly! I mean, everyone has their own reasons on why they earn bitcoin. Whether for paying bills or investing, when the need arises for one to pay something that is essential then he/she could convert their bitcoins to fiat. For me, the purpose of bitcoin is for my future investments and savings but if an emergency happens and my parents don't have any extra cash, then I'm more than willing to contribute using my bitcoin.
The idea behind people not converting their btc to fiat is due to the volatility of the price of bitcoins. Last January 2017, the price of bitcoins were around $1000+ and now, the price is beyond $2000. No one really knows the final price of bitcoin but one thing is for sure, the price increases overtime.
If you don’t withdraw it, how do you pay kid’s school fees? How do you pay electricity bills? Internet bills? So don’t ever mind anyone telling you not to sell. You should always buy and sell. You got into Bitcoin to get rich via fiat, don’t tell me that wasn’t your plan, cause I know it was. You all here got into Bitcoin to make money, don’t ever try to claim you’re a bigger fan, and you got into this just because of how lovely and world future currency it will be, then you’re a big liar. You’re not a fan more than I do.
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