Why You Should Never Sell Your Bitcoins Ever - page 49.

BrewMaster

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Quote from: X-ray on February 25, 2017, 11:47:29 AM

Quote from: Tadblt on February 25, 2017, 06:43:17 AM

Quote from: anonbit992 on February 25, 2017, 06:09:30 AM

I am having a feeling that on March the first bitcoin ETF will be approved by the SEC (perhaps with tight regulations) and then we can bitcoin price sky rocketing to a new level. Bitcoin is at the breakout level to a new All time highs, So holding seems like a more sensible option for now. However we cannot rule out the downside if the ETF is rejected by SEC.

The bitcoin price has already risen. So even if it is approved, the price will not rise a lot.

A lot of the money will flow to bitcoin and it will make the price of bitcoin rise again, but if it is not get approving by us securities and nothing will be happening after 11 march and the price is on the steady way. so this just a rumour hype. and ready for 11 march.

people are getting way to hyped up over nothing and i promise you than at least 80% of bitcoin users do not even know what this is all about and most of them don't even know what ETF is!
that is why i say expect a sudden change because of how people act to these things but don't expect a big change.
and besides ETF's money is already injected and invested in bitcoin long ago.

X-ray

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Quote from: Tadblt on February 25, 2017, 06:43:17 AM

Quote from: anonbit992 on February 25, 2017, 06:09:30 AM

I am having a feeling that on March the first bitcoin ETF will be approved by the SEC (perhaps with tight regulations) and then we can bitcoin price sky rocketing to a new level. Bitcoin is at the breakout level to a new All time highs, So holding seems like a more sensible option for now. However we cannot rule out the downside if the ETF is rejected by SEC.

The bitcoin price has already risen. So even if it is approved, the price will not rise a lot.

A lot of the money will flow to bitcoin and it will make the price of bitcoin rise again, but if it is not get approving by us securities and nothing will be happening after 11 march and the price is on the steady way. so this just a rumour hype. and ready for 11 march.

giveen

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Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

What he meant by that is only sell if you are in some sort of emergency or need of funds don't sell it because you see that you are getting profit. And who even told you bitcoin is a currency it's not yet accepted in many places online, it may lot's of time but when that happens the price is going to reach new heights.

xskl0

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Quote from: BitProdigy on July 19, 2015, 10:43:04 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?

You convinced me. BTCitcoin is the future.

Tadblt

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Quote from: anonbit992 on February 25, 2017, 06:09:30 AM

I am having a feeling that on March the first bitcoin ETF will be approved by the SEC (perhaps with tight regulations) and then we can bitcoin price sky rocketing to a new level. Bitcoin is at the breakout level to a new All time highs, So holding seems like a more sensible option for now. However we cannot rule out the downside if the ETF is rejected by SEC.

The bitcoin price has already risen. So even if it is approved, the price will not rise a lot.

anonbit992

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I am having a feeling that on March the first bitcoin ETF will be approved by the SEC (perhaps with tight regulations) and then we can bitcoin price sky rocketing to a new level. Bitcoin is at the breakout level to a new All time highs, So holding seems like a more sensible option for now. However we cannot rule out the downside if the ETF is rejected by SEC.

Fatanut

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Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

Yes it would be different because the price would be much higher. Since no one's selling their coin, the price can only go up because of the buyers. So we should be thankful to those people that hold tens of thousands of bitcoins but decided to hold their bitcoins for a really really long time.

Quote from: gabmen on February 25, 2017, 04:54:57 AM

Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

LOL yeah what do you expect people to do with their btcs then? Hold it until ww3 makes bitcoin useless? I think if you feel that its already the right time and you've held your btcs long enough sell it. As for now, with how the prices are moving, its advisable to hold it while observing the movement of btc but definitely you have to sell it one time or another

You don't "have" to sell it since you can do whatever you want with your coins. It's absurd to assume that long term holders are waiting for the world war III to happen. That's completely out of nowhere. I think that most long term holders (like me) are very faithful to bitcoin's potential.

This price ($1200) is nothing compared to how much the bitcoin's price will be in the future.

Vorth

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Maybe if I have enough money and I invested to bitcoin, I will not sell what I have because I can see the big potential of bitcoin in the near future, like the old users of bitcoin they are enjoying their profit now because they have their bitcoin with them and it was doubled or tripled price. Like what they have, we can also have those thing if we are going to wait like them. I guess as long as you have enough to spend for your daily needs you can keep your bitcoin like what I am doing now, keeping it, knowing that I do not have money there so I will not be tempted to get it.

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Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

I agree with some points. Selling Bitcoin is the good way to make Bitcoin greater and stronger and more valuable. However, you must determine when is the good time to sell and how much Bitcoin shall you sell in a time. Moreover, we can still use Bitcoin instead of selling it and this activity will make Bitcoin have the prices

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Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

maybe the question is bitcoin users would not sell them before the price according to what they expect so that they can be profitable..

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Quote from: Bibite on February 23, 2017, 11:15:14 AM

Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

LOL yeah what do you expect people to do with their btcs then? Hold it until ww3 makes bitcoin useless? I think if you feel that its already the right time and you've held your btcs long enough sell it. As for now, with how the prices are moving, its advisable to hold it while observing the movement of btc but definitely you have to sell it one time or another

Bibite

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Why telling to folks to never sell their bitcoin ? Bitcoin is a currency and shall be used as it is. If everyone were holding the bitcoin and never sell, then the situation would be different from how we know bitcoin

Rostadom

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Quote from: X-ray on February 23, 2017, 01:14:45 AM

Quote from: boomin on February 22, 2017, 07:17:27 PM

the bitcoin price is now 1350 $ how to hell to don`t sell them , if the bitcoin price will go down i will lose some important money.

I will sell all of my bitcoin if we are close into 11 march. I had learned a lot from the 2013 about the buying the rumour. And in this time the past condition is happening right now. and i will be predicting it get the other postponed without the deadline.

What's up with March 11? Where did you get that date? If it was from the 2013 incident, I'm sorry but things are different now. I think if you sell any time soon, you would miss the opportunity to sell them later at a much higher price. I don't trade my bitcoins at all, personally. I just hold them and I'm waiting for the time that I'm in need of fiat. Right now, I still have food on my plate so I don't think I'll be selling my bitcoins anytime soon. I'm having the feeling that I'll never sell my bitcoins ever because slowly, bitcoins are getting accepted by merchants.

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Quote from: Kotone on February 22, 2017, 07:08:37 PM

I just wanted to hold and to hold my bitcoin to save them from future what if bitcoin price will be at the higest point like it will become 2000 usd per bitcoin then i can be rich i have some enough money and i can get of it from my descent work, bitcoin is just my sideline so earning and holding them is my hobby. Then sell them all after the big one happened

if you wait until the price of $ 2,000 occurred. I think you have to wait and hold your bitcoin up to several years. although the upside is happening. but the price will not reach up to $ 2,000

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Quote from: Grdas130979 on February 23, 2017, 01:22:25 AM

It takes a very strong character, to ride from 0,01 usd to 1000 with BTC and not selling during that period of ups and down. It will probably continue that trend, when people get so excited and sure that new ath is coming, it usually backfires.

I'm frequently tempted to trade all my bitcoins for $ when I see the price rise up to $1k but I read that it can rise up to $2k so I maintain at least $4k worth of bitcoins I too never show my wallet address just to be safe.

So leave at least $4k worth of bitcoins in your wallet because you'll never know bitcoin can rise up to $2k

Grdas130979

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It takes a very strong character, to ride from 0,01 usd to 1000 with BTC and not selling during that period of ups and down. It will probably continue that trend, when people get so excited and sure that new ath is coming, it usually backfires.

X-ray

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Quote from: boomin on February 22, 2017, 07:17:27 PM

the bitcoin price is now 1350 $ how to hell to don`t sell them , if the bitcoin price will go down i will lose some important money.

I will sell all of my bitcoin if we are close into 11 march. I had learned a lot from the 2013 about the buying the rumour. And in this time the past condition is happening right now. and i will be predicting it get the other postponed without the deadline.

Schuyler

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Quote from: mornabo on February 22, 2017, 07:40:47 PM

Quote from: boomin on February 22, 2017, 07:17:27 PM

the bitcoin price is now 1350 $ how to hell to don`t sell them , if the bitcoin price will go down i will lose some important money.

you can see the bitcoin prices continue to rise towards $ 1,200. would be very unfortunate if you sell a lot of your bitcoin now. because in fact the bitcoin prices will continue to rise in the next few weeks. so better be patient for more profit

I think it is also a matter of setting a target. If your target selling price is $1,100, then today is already a good time to sell. But if you think that the price is going to increase further, you can set your target for a higher price and just hope that bitcoin continues its strong surge towards a new all time high.

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Quote from: Nimbulan on February 22, 2017, 07:14:20 PM

Quote from: Kotone on February 22, 2017, 07:08:37 PM

I just wanted to hold and to hold my bitcoin to save them from future what if bitcoin price will be at the higest point like it will become 2000 usd per bitcoin then i can be rich i have some enough money and i can get of it from my descent work, bitcoin is just my sideline so earning and holding them is my hobby. Then sell them all after the big one happened

that's what i do, even though I don't have a lot of bitcoins right now and I am not planning to buy more, I still hold everything I have because I believe the price is going to go to the moon in some time

The halvings of bitcoin and it's limited amount will makes the price of bitcoin keep up. so I think we do not have to sell all of our bitcoin, but just use as needed and use the rest for investment.

mornabo

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Quote from: boomin on February 22, 2017, 07:17:27 PM

the bitcoin price is now 1350 $ how to hell to don`t sell them , if the bitcoin price will go down i will lose some important money.

you can see the bitcoin prices continue to rise towards $ 1,200. would be very unfortunate if you sell a lot of your bitcoin now. because in fact the bitcoin prices will continue to rise in the next few weeks. so better be patient for more profit

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