Why You Should Never Sell Your Bitcoins Ever - page 46.

error08

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Quote from: shield132 on April 06, 2017, 02:34:56 PM

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Different reasons for everyone as the price of bitcoin fluctuate and never be stable in the nearly future.
People who sell their bitcoin are make after profits from trading and convert into fiat money which so tempting to do, a general cycle of bitcoin environment.
Back to the case that Op mentioned, if there are a lot of merchants accepted bitcoin payment, a lot of people won't convert bitcoin into diat money and spend it directly instead. But, we know the price will increase, would you spend it or hold for another level of price?

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Quote from: Haladay on April 05, 2017, 12:21:23 PM

Quote from: hankyulpark on April 05, 2017, 11:47:12 AM

When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that BTC price still has much room to grow, if we do the right things to improve it.

I totally agree with this. We don't need a third world war to see a sharp increase in bitcoin price in near future, around couple of years.

can not see any reason for bitcoin to get disappeared or so , all you gets even are how bitcoin user keep growing and it has pushed the demand and value of bitcoin , that is what makes bitcoin so precius and considered as the best investment for those who really know.

shield132

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There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

SoeNan89

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Quote from: deppil on April 06, 2017, 11:13:54 AM

Quote from: South Park on April 06, 2017, 11:03:25 AM

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

with specific reasons as a matter of urgency may not matter to sell your bitcoin but if the reason is not so important. better resist the price would be much higher than now and far more profitable

That's because the price of Bitcoin will continue to increase in the future. So,
if there is no more urgent interests we hold our funds Bitcoin is better than to sell it.

deppil

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Quote from: South Park on April 06, 2017, 11:03:25 AM

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

with specific reasons as a matter of urgency may not matter to sell your bitcoin but if the reason is not so important. better resist the price would be much higher than now and far more profitable

South Park

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I am terrible at Fantasy Football!!!

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

Haladay

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Quote from: hankyulpark on April 05, 2017, 11:47:12 AM

When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that BTC price still has much room to grow, if we do the right things to improve it.

I totally agree with this. We don't need a third world war to see a sharp increase in bitcoin price in near future, around couple of years.

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Quote from: Ducky1 on March 29, 2017, 10:51:04 AM

Quote from: n0ne on March 29, 2017, 02:47:29 AM

Quote from: batang_bitcoin on March 29, 2017, 12:53:50 AM

Quote from: Pattart on March 28, 2017, 09:14:38 PM

Quote from: batang_bitcoin on March 28, 2017, 07:14:39 PM

Quote from: pealr12 on March 28, 2017, 05:22:13 AM

Its so simple holding can give you big profit in the right time. Earning ,buying ,investing for long term without any selling just pure holding will make you rich after 20 years. If only you can wait for that 20 years.

If you are just going to do pure holding, you can earn big. But if you are going to hold and you can see that the price is already good for selling, then sell it and wait again for the time to become low, then buy. By doing this type of activity, your goal of earning big by not selling will become bigger as you are taking the advantage of it.

each user has their price targets respectively. at least they will hold their bitcoin and will not sell them before they reached the target price in order to benefit

It's true, because if you don't have a target price when to sell, you'll miss a lot of chance of getting bigger profit with the market's buy and sell, pump and dump. When there's a pump just keep on waiting at a certain price and if you think that later or for the next days the price will be going down, just simply sell and buy at low.

Buying and selling randomly is profitable, but when one has a better day job earning he can consider it an long term holding. Because it gives the maximum profit in the future as the price pump and dump are a part of the growing technology.

If your earnings is only from bitcoin then you cannot afford to miss short term fluctuations as that is the only way from where you can make profits but if bitcoin is an investment or an secondary source of income then its better to hold them for a long term.

Trading is not the only way to make a profit. You can also do some service if you know some skills that some of the employer is looking for and get paid in Bitcoin. Inexperience trader often lost Bitcoin due to fluctuation. But if you are a trader and that is the only means of earning you know than I would agree to capitalize on fluctuation of Bitcoin price.

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The thing to consider and think about is: Bitcoin is a currency and it should be used as a currency.. If everyone were holding their bitcoins in their wallet and never sell, the situation would not be the same as it is today. Bitcoin is a currency, we need currency to buy foods, pay bills,ect. Bitcoin as a currency should be used the same. Of course like you save money with fiat, you can save bitcoin too as well.
Bitcoin is a currency not a stamp you collect from the envelopes you receive

marcuslong

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For me we should not sell our bitcoin right now since bitcoin price is increasing slowly I'm pretty sure that bitcoin will be at 1200 dollar per coin again if this hit the price estimated then sell and wait for the price to decrease and then buy and trade into altcoins or invest it while waiting for price increase again this is the basic needs to make income.

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Quote from: dearbesz1219 on April 04, 2017, 03:50:37 PM

If ever bitcoin reaches 10,000$ each of course I will sell some of my bitcoins. And what is the main reason of r us not to sell bitcoin if the value is already come up with the peak amount? what is the essence of a years waiting, if that's the thing we will do. Its kind of a bad idea of not selling it.

People never selling is utter nonsense, and that's also not what OP meant. It would be clear for a lot people if they took the effort to actually read further than only the title. Other than that, the far majority of the people will at some point (far before reaching the $10,000 level) get tempted to cash out a certain portion of their coins. Bitcoin's volatile nature lends itself perfectly for people trading the up and down waves in order to increase their coin quantity.

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When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that BTC price still has much room to grow, if we do the right things to improve it.

deppil

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what is certain is bitcoin prices will be much higher than now. but if you've got a target price and already profited, not a problem to sell it now, because the chance no one knows when it will come?

Haladay

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Quote from: SoeNan89 on April 05, 2017, 10:59:47 AM

Pay the debt by selling Bitcoin it's amazing way. I am never sell my Bitcoin if the situation
my finances not urgent. Because I believe that the price of Bitcoin will be to rise in future.

That is exactly how the bitcoiners must act like! If you're saving bitcoins, you better not to sell it unless there is an urgent situation.

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Quote from: DoublerHunter on April 05, 2017, 10:45:09 AM

Quote from: andrew24p on April 04, 2017, 05:23:45 PM

I sold my bitcoins to clear my student loan debt at 9% a year. I just didnt like the interest piling up over me.

That is okay if you sold your bitcoins for your own needs which is to pay the student loan that you take. It is better to pay the debt and be broke than be rich with a debt that slowly making your broke. If you already pay the debt then it is easy for you to save money or bitcoin and keep holding it until you will be satisfied with the price. Just keep grinding until your success is the one who making the noise Roll Eyes

.

Pay the debt by selling Bitcoin it's amazing way. I am never sell my Bitcoin if the situation
my finances not urgent. Because I believe that the price of Bitcoin will be to rise in future.

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Quote from: andrew24p on April 04, 2017, 05:23:45 PM

I sold my bitcoins to clear my student loan debt at 9% a year. I just didnt like the interest piling up over me.

That is okay if you sold your bitcoins for your own needs which is to pay the student loan that you take. It is better to pay the debt and be broke than be rich with a debt that slowly making your broke. If you already pay the debt then it is easy for you to save money or bitcoin and keep holding it until you will be satisfied with the price. Just keep grinding until your success is the one who making the noise Roll Eyes

.

andrew24p

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I sold my bitcoins to clear my student loan debt at 9% a year. I just didnt like the interest piling up over me.

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Quote from: rickadone on March 30, 2017, 10:16:57 AM

Quote from: Ducky1 on March 29, 2017, 10:51:04 AM

Quote from: n0ne on March 29, 2017, 02:47:29 AM

Quote from: batang_bitcoin on March 29, 2017, 12:53:50 AM

Quote from: Pattart on March 28, 2017, 09:14:38 PM

Quote from: batang_bitcoin on March 28, 2017, 07:14:39 PM

Quote from: pealr12 on March 28, 2017, 05:22:13 AM

Its so simple holding can give you big profit in the right time. Earning ,buying ,investing for long term without any selling just pure holding will make you rich after 20 years. If only you can wait for that 20 years.

If you are just going to do pure holding, you can earn big. But if you are going to hold and you can see that the price is already good for selling, then sell it and wait again for the time to become low, then buy. By doing this type of activity, your goal of earning big by not selling will become bigger as you are taking the advantage of it.

each user has their price targets respectively. at least they will hold their bitcoin and will not sell them before they reached the target price in order to benefit

It's true, because if you don't have a target price when to sell, you'll miss a lot of chance of getting bigger profit with the market's buy and sell, pump and dump. When there's a pump just keep on waiting at a certain price and if you think that later or for the next days the price will be going down, just simply sell and buy at low.

Buying and selling randomly is profitable, but when one has a better day job earning he can consider it an long term holding. Because it gives the maximum profit in the future as the price pump and dump are a part of the growing technology.

If your earnings is only from bitcoin then you cannot afford to miss short term fluctuations as that is the only way from where you can make profits but if bitcoin is an investment or an secondary source of income then its better to hold them for a long term.

That is true, although saving bitcoin is a good thing but it is not a thing that is suitable for everyone, not everyone can afford putting thousands into it and just leaving it for a year or so, because the price could take a month a year or even more to go up significantly, so like said above know what you are signing up for know your priorities and then decide whether to save or not.

Of course, if you think that you have profited and you have some kind of emergencies that you needed fiat, then I would suggest to withdraw it because of such instances. But for some who have a lot of money and then put it on bitcoin for long term because they can afford it for long term investment.

dearbesz1219

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If ever bitcoin reaches 10,000$ each of course I will sell some of my bitcoins. And what is the main reason of r us not to sell bitcoin if the value is already come up with the peak amount? what is the essence of a years waiting, if that's the thing we will do. Its kind of a bad idea of not selling it.

rickadone

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Quote from: Ducky1 on March 29, 2017, 10:51:04 AM

Quote from: n0ne on March 29, 2017, 02:47:29 AM

Quote from: batang_bitcoin on March 29, 2017, 12:53:50 AM

Quote from: Pattart on March 28, 2017, 09:14:38 PM

Quote from: batang_bitcoin on March 28, 2017, 07:14:39 PM

Quote from: pealr12 on March 28, 2017, 05:22:13 AM

Its so simple holding can give you big profit in the right time. Earning ,buying ,investing for long term without any selling just pure holding will make you rich after 20 years. If only you can wait for that 20 years.

If you are just going to do pure holding, you can earn big. But if you are going to hold and you can see that the price is already good for selling, then sell it and wait again for the time to become low, then buy. By doing this type of activity, your goal of earning big by not selling will become bigger as you are taking the advantage of it.

each user has their price targets respectively. at least they will hold their bitcoin and will not sell them before they reached the target price in order to benefit

It's true, because if you don't have a target price when to sell, you'll miss a lot of chance of getting bigger profit with the market's buy and sell, pump and dump. When there's a pump just keep on waiting at a certain price and if you think that later or for the next days the price will be going down, just simply sell and buy at low.

Buying and selling randomly is profitable, but when one has a better day job earning he can consider it an long term holding. Because it gives the maximum profit in the future as the price pump and dump are a part of the growing technology.

If your earnings is only from bitcoin then you cannot afford to miss short term fluctuations as that is the only way from where you can make profits but if bitcoin is an investment or an secondary source of income then its better to hold them for a long term.

That is true, although saving bitcoin is a good thing but it is not a thing that is suitable for everyone, not everyone can afford putting thousands into it and just leaving it for a year or so, because the price could take a month a year or even more to go up significantly, so like said above know what you are signing up for know your priorities and then decide whether to save or not.

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