Why You Should Never Sell Your Bitcoins Ever - page 42.

tittensor

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Quote from: KennyR on August 06, 2017, 12:49:46 PM

Quote from: zulkarnaen on August 06, 2017, 12:28:22 PM

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.

My strategy when holding Bitcoin is sell at highest price in this time and buy again enough amount I sold. How to know when highest price on market? Very easy if you check supply and demand on market carefully, you will understand the mentality of trader in short time want take profit or not, as past day I sold my Bitcoin at $3300 and buy again $3200, easy earning $100 per BTC

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: zulkarnaen on August 06, 2017, 12:28:22 PM

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.

zulkarnaen

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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

crazycatwoman03

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Quote from: keeee on July 27, 2017, 10:12:12 AM

Having a decision about not selling your bitcoin ever was hard to do. There are only two things that can happen, maybe the time comes that its price rises so high or maybe it will gone soon. I prefer the first choice to happen. But to be safe devide it into two, in crypto and to real cash.

I agree with that. There is no assurance that there will be profit gain if we continue to keep our bitcoin. Keeping it depends on the situation and of course, if you really need money you will surely deduct an amount from your savings. Looking at its market price now, keeping bitcoin is surely beneficial but it will not always be like this. There will be times and days where bitcoin's price might fall down and converting it to cash will be an option.

It is not wrong to keep your bitcoin as well as spending or using it for good things especially in emergencies or in helping your family.

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Bitcoin- in bullish time

Quote from: hurain on August 05, 2017, 05:54:46 PM

Quote from: BTCbengi on August 05, 2017, 11:20:33 AM

Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I think Bitcoin's $ 10,000 is never going to happen. The truth is I'm still keeping my Bitcoin and I'm waiting for a proper price to sell them. It could be $ 4000 or $ 5000. But now is not the time to sell it because Bitcoin is not really stable

i think this is even possible but in fact no one know when will happen this.

The price of bitcoin is not predictable and it is normal to sell if you really need the money to buy the things that you need and not your wants and also it is good to sell our bitcoins if we are going to invest it into something that can generate money, those are the things that is valid reasons to sell our bitcoin based on my opinion.

hurain

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Quote from: BTCbengi on August 05, 2017, 11:20:33 AM

Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I think Bitcoin's $ 10,000 is never going to happen. The truth is I'm still keeping my Bitcoin and I'm waiting for a proper price to sell them. It could be $ 4000 or $ 5000. But now is not the time to sell it because Bitcoin is not really stable

i think this is even possible but in fact no one know when will happen this. although we are reaching to half of that price, but i think that it will reach to 10000$ in next few years, but if bitcoin price continue to increase and people continue investing money in bitcoin and and making it more reliable and trusted.

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Quote from: BTCbengi on August 05, 2017, 11:20:33 AM

Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I think Bitcoin's $ 10,000 is never going to happen. The truth is I'm still keeping my Bitcoin and I'm waiting for a proper price to sell them. It could be $ 4000 or $ 5000. But now is not the time to sell it because Bitcoin is not really stable

Yes that time is not right to sell their bitcoin because its price is not really stable so when we are fully inform the bitcoin that its price is goes to our aims and its price touch to moon and also care to this point it will not goes to again low price then we take a decision that how we will doing to their bitcoin or which will be better sell it or save it to more time.

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yesssir! 🫡

Quote from: BTCbengi on August 05, 2017, 11:20:33 AM

Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I think Bitcoin's $ 10,000 is never going to happen. The truth is I'm still keeping my Bitcoin and I'm waiting for a proper price to sell them. It could be $ 4000 or $ 5000. But now is not the time to sell it because Bitcoin is not really stable

Thats exactly the same mindset people had in bitcoin on its early days. they probably didn't even predicted that the price will rose to $3000+ even $5000 is close in my

opinion. we have reached $2000 and $3000 this year even though theres still half a year. if things continuous to go well $5000 might happen in two years or so or even sooner.

About the stability again, isn't it the one that allows bitcoin to rise? everyone might think its a disadvantage but it can actually be an advantage.

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Well some people sell not just because they are afraid of lost in the value of Bitcoin but because bitcoin is their major source of income so they have to sell and take care of their financial obligations. Although people like myself will never sell pending when the market value of Bitcoin increases to maybe $10000.

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

I think Bitcoin's $ 10,000 is never going to happen. The truth is I'm still keeping my Bitcoin and I'm waiting for a proper price to sell them. It could be $ 4000 or $ 5000. But now is not the time to sell it because Bitcoin is not really stable

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Quote from: PenguinFire on July 19, 2015, 09:46:22 PM

This is a fair enough argument but some goods and services you can only pay for via fiat. In fact most goods/services can only be paid for by fiat or credit. Inflation is going to be a thing at all if you are just selling the amount of BTC you need to make a purchase in fiat. I am guessing you mean exchanging for large amounts of fiat that you wouldn't be using in a few days time.

If you will used bitcoin on buying thing it is much better if you will just hold and not sell it for more earning and for future development of the price and value of bitcoin. But in terms of trading selling of bitcoin is quite vital for you to earn and have profit because the basic principle of trading is to buy when it is low and sell when it is high. It is just a matter of decision making and your goals. Also make sure that you will always look selling as a form of trading so you could possibly earn.

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

It is not that you'll never sell your bitcoin. But rather don't tell it all! Because bitcoin may rise and can make you rich. You doesn't need to sell all your bitcoin but you should be thrifty for the growth of bitcoin price will soom arise.

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Quote from: 0Pirats0 on August 05, 2017, 07:36:33 AM

Most of their bitcoins need to be kept in order to save and increase their money, but sometimes you need to allocate some part for making the necessary purchases.

The OP here who post 2015,two year ago if didn't do any selling before might already twice or thrice richer now. That's why as much as possible if not needed if there's a regular job that salary can be used to spend why not only save all the earnings came from btc works unless really needed.

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Most of their bitcoins need to be kept in order to save and increase their money, but sometimes you need to allocate some part for making the necessary purchases.

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I’m gonna tell you instead on why we should use our Bitcoin. I think that hoarding Bitcoin will not really help the campaign of making it known worldwide. I’m not saying that we should sell or spend it all; after all it’s still a good investment. What I’m saying is that we make it circulate. Circulate it by paying services and products in Bitcoin. Circulate it by selling it and trading it in the market. Because through these, other merchants will be pressured to accept Bitcoin as payment option and people will learn to accept it. Make it go round.

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Quote from: Cashew on July 19, 2015, 11:35:14 PM

Time will prove Bitcoin's potential! Nowadays bitcoin has the value in term of fiat, most of ppl come to it and expect to earn a chunk of fiat money in the future! When the price increases to $1200 per bitcoin, I believe many ppl will liquidate their holding! Bitcoin's price is too volatile and decline from the peak $1200 to $260 now! It is affecting the adoption rate of it! It is probably the perfect instrument for speculation!

The best reason for people to not sell Bitcoin is because of its future and opportunities ahead from it. Meaning that if you want to set goals and to earn more you should take it as a form of trading where you can grab the opportunity and invest time. Yes time as matter of fact time should be always there as well as you patience and trust to earn and to have a good profit in the future. And after you hit you goal you could probably sell Bitcoin as a part of trading proper. Where it is simple as buying when it's low and selling when it's high. For you to have profit.

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

Having a decision about not selling your bitcoin ever was hard to do. There are only two things that can happen, maybe the time comes that its price rises so high or maybe it will gone soon. I prefer the first choice to happen. But to be safe devide it into two, in crypto and to real cash.

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Quote from: Fireblade on July 27, 2017, 08:02:43 AM

Quote from: grermezter on May 22, 2017, 05:52:23 PM

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.

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Quote from: grermezter on May 22, 2017, 05:52:23 PM

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.

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Quote from: ladydark on July 27, 2017, 02:11:16 AM

Your point is right.We could avoid the loss by not converting bitcoin into fiat and buying every thing with bitcoins.But we could only buy every thing with bitcoins only if every one accepts bitcoin payment.For that to happen,bitcoin should be universally legalized in all countries.But it would take a long time since japan has just now started to legalize bitcoin while other countries have not yet decided on it.

There are big news that are coming pointing the success of bitcoin, japan, china, and south korea who are all in Asia are already using bitcoin.
I am not quite familiar with how many countries had adopted with bitcoin already but I am pretty sure big countries are already using it and the countries I've mentioned above are just few among the many.

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