Topic: Why You Should Never Sell Your Bitcoins Ever - page 43. (Read 270173 times)
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.
Bitcoin is a good investment. When you have 10 btc in your account then after a months or years. Your bitcoin will double the value or tripled. And maybe in the near future 1 bitcoin will be equivalent into million.
I think that is a record breaking price for a bitcoin, but I don't think that it will never reach that high, $20000 may be the highest price of bitcoin and it wil never go high more than that. And I think before we ever think of the price, I think we need to think of the transactions that is not still yet confirmed.
True not mentioning the fees that is being too high and transactions that takes weeks to be confirmed ( my payment is still pending till now ). Before bitcoins price reach a million dollar I think this problems need to be fixed first or else the higher the equivalent money the higher the doubts on cryptocurrencies and this is not a good sign.
One thing that we should not forget is to look at our side as well. Did you put enough fee? Eventually, the transaction will be confirmed. Maybe weeks (like you said) but at least you're confident that the money will not bounce back or revert just like on other payment types where it happens when the transaction is taking longer than expected.
The price of bitcoin can reach a million dollar regardless if this issue will be resolved or not. This doesn't affect the supply and demand law going on in the bitcoin market.
Bitcoin is a good investment. When you have 10 btc in your account then after a months or years. Your bitcoin will double the value or tripled. And maybe in the near future 1 bitcoin will be equivalent into million.
I think that is a record breaking price for a bitcoin, but I don't think that it will never reach that high, $20000 may be the highest price of bitcoin and it wil never go high more than that. And I think before we ever think of the price, I think we need to think of the transactions that is not still yet confirmed.
True not mentioning the fees that is being too high and transactions that takes weeks to be confirmed ( my payment is still pending till now ). Before bitcoins price reach a million dollar I think this problems need to be fixed first or else the higher the equivalent money the higher the doubts on cryptocurrencies and this is not a good sign.
That would be an amazing idea to spend on bitcoins and saving them for long period of time. I like that it will reach ten thousand some day and we will end up with big bang of profits.
The reason is clearly visible, bitcoin keeps growing and you can see the price keep growing and do not rule out the price of bitcoin can be 2 or 3 times higher than nowThe 200% and 300% price increased is because some countries are thinking of regulating Bitcoin especially when Japan made its bitcoins legalization. If other countries will follow Japan the prices will increased more than 300%.
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.
That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.
Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.
Yes when it comes to investing money in bitcoins you can invest in it at any time and at any price and if you are a long term holder then you should not bother about short term fluctuations as price will surely go higher in long term giving best returns on investments.
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.
That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.
Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.
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.
That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.
Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.
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.
That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.
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.
Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.
Precisely, if we don't allow some to flow through the system and everyone decides to hold, what will happen? So we can split our Bitcoin wealth into investments and what we will spend on minor daily activities like groceries etc. so I don't support total holding of Bitcoin but at least hold a part and spend a part online.
When the price of bitcoin was low in the past people never hesitated in spending their bitcoins and many of them even spend lots of bitcoins on gambling sites hoping to double them in quick time but now a normal user who is earning limited amount of bitcoins will surely not interested in wasting his valuable bitcoins on gambling sites and instead he will prefer to save them in wallet as even by holding he can make great profits when price of bitcoin will go more higher in future.
Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.
Precisely, if we don't allow some to flow through the system and everyone decides to hold, what will happen? So we can split our Bitcoin wealth into investments and what we will spend on minor daily activities like groceries etc. so I don't support total holding of Bitcoin but at least hold a part and spend a part online.
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Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.
Exactly and if you will never sell your coins then what is the purpose of earning it or investing money in it as if you never sell your bitcoins then you will never be making any profits out of it and that doesn't make any sense to simply keep bitcoins idle in wallet without doing anything with it so its always good to sell them off when its allowing you to make good profits as you can always buy them back when you see drop in the price in near future.
Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.
Your question makes sense. All traders and investors need to enjoy the gains they make or at least what their investments makes, or else there is no point in taking risks. But it would be better to leave some bitcoins for your children and may be some more for your grand children because some day bitcoin can be worth a fortune and you don't want to be the guy who sold it all for a fraction of its true value.
Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.
Now it is not a very good time to sell bitcoins unless you have bought them for 200-300 dollars each and you can make about 1000% profit. That is the only way I would sell them now if I had bought them very cheap. On the other hand I would like to keep them as the price is growing up very fast and I have read the news but can't find a good explanation of why the price is rising so fast. Better to keep them, now that the 2000 mark is passed next objective is 3000 to 5000 mark.
As you said that if we have bought our bitcoins at cheaper price in the past then we can afford to sell some of them at this stage as price is really good to make some profits but its better to hold them for next couple of months as surely we will be seeing much higher price and if it touches $5k in this year then I think that would be really great price to sell our bitcoins.
I'm not agreed with you on this point if I don't sell my bitcoin then how I can earn a profit, yes you can say that bitcoin should be saved for a long term which makes some sense. long term saving would be a great idea for gaining a large amount of money.
The question will be how long is your long term? Are you going to wait until it gets to 5k$, 10k$, 20k$ or even more so at what point are we all going to sell because everyone seems to want to save for long term purposes.
Now it is not a very good time to sell bitcoins unless you have bought them for 200-300 dollars each and you can make about 1000% profit. That is the only way I would sell them now if I had bought them very cheap. On the other hand I would like to keep them as the price is growing up very fast and I have read the news but can't find a good explanation of why the price is rising so fast. Better to keep them, now that the 2000 mark is passed next objective is 3000 to 5000 mark.
I'm not agreed with you on this point if I don't sell my bitcoin then how I can earn a profit, yes you can say that bitcoin should be saved for a long term which makes some sense. long term saving would be a great idea for gaining a large amount of money.
The question will be how long is your long term? Are you going to wait until it gets to 5k$, 10k$, 20k$ or even more so at what point are we all going to sell because everyone seems to want to save for long term purposes.
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 sell because there is a need I need, and I sell BTC to the original money to buy my needs 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?
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?
Well if you already have enough money in the pocket and don't need to cash out some bitcoin for your needs sure why don't you just hold it,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 also think that it could probably be a great idea to hold your bitcoin for a long time and see how much profit you gain from it.
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?
Well if you already have enough money in the pocket and don't need to cash out some bitcoin for your needs sure why don't you just hold it,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 also think that it could probably be a great idea to hold your bitcoin for a long time and see how much profit you gain from it.
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