Topic: Why You Should Never Sell Your Bitcoins Ever - page 5. (Read 270173 times)
You should never sell your bitcoin for future use or price increase. You should never sell you bitcoin if you only buy the earnings on what you want but you should invest or save it future your future family needs. You should wait for the price to increase but if you are really in need of money just sell some and save the rest of your bitcoin
For me, why you should never sell your bitcoin ever, it’s because of the increase or decreases the price of it. We all know that bitcoin’s amount is fluctuating too much that it will be complicated to predict its amount. Maybe the second reason is the bitcoin’s limitation, bitcoin is limited in 21 million, and mines already generated almost of 80-85% of its total volume so in the future maybe bitcoin become a very expensive and rare cryptocurrency. 
First of all, the nature of cryptocurrency like Bitcoin and a rare asset like Gold are different. Many people thought the limited supply of Bitcoin is the primary reason make the price of Bitcoin increase. However, it is just a "reason" for new investor want to invest money into this field.
You should never do this because the fact is that the bitcoin has a good future a head these days and the halving is worth the time for me.
Holding is at this time much better than selling.
Holding is at this time much better than selling.
For me, why you should never sell your bitcoin ever, it’s because of the increase or decreases the price of it. We all know that bitcoin’s amount is fluctuating too much that it will be complicated to predict its amount. Maybe the second reason is the bitcoin’s limitation, bitcoin is limited in 21 million, and mines already generated almost of 80-85% of its total volume so in the future maybe bitcoin become a very expensive and rare cryptocurrency.
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?
Sell it when the value goes up dont take the risk to hold it fo a years o months just do trasing to get more profit because bicoin is risky no one knows when it will collapse so my advise is dont hol it for a long time go for short trading. 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?
Perhaps it will work if you have lots of money available even on emergencies. Long term Bitcoin still looks very promising and worth a hold. But I won't hesitate selling some of it on important stuffs.
You are correct. Everytime I offer my Bitcoin, the value has a tendency to go higher Mushy However in the event that I get them the value drops...So I dont truly realize what is the best activity. At the present time, I would presumably offer them at $500, on the grounds that I trust the cost will drop after christmas.
Your point of argument make sense, but at the same time, it can be reason from another angle. If what you needed at that point in time is something that can not be gotten with Bitcoin, you got no option other than change it for fiat. If the second party involved does not believe in Bitcoin, or does not believe in it neither is he knowledgeable in Bitcoin, it proves difficult, and many more like that. But the most accurate idea is to hold our Bitcoin as long as possible for its futuristic benefits.
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?
The reason why it is good to do long term investment with bitcoins is because the value of the bitcoin is becoming more stronger than before. The key to become successful person is by holding our bitcoins in a long time.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?
The reason why it is good to do long term investment with bitcoins is because the value of the bitcoin is becoming more stronger than before. The key to become successful person is by holding our bitcoins in a long time. 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?
So far I've mostly been dealing with alts to get bigger profits (worked well, but not THAT well), so my plan is to buy 1 BTC by summer, and just hold it forever. If the price per BTC ever surges to $1M, I want to have that 1 BTC. Which means that I plan to use BTC as a store of value. But if in few years time bitcoin becomes to widespread that you can buy anything with it + the price is at least $100K, I'll definitely use it to buy some stuff. And for alts I'm also planning to hold some coins for years, the ones I see potential in.
Never selling Bitcoin is not that best way to make money but the save some money only and that is the only thing that you are not selling, with selling you can earn money with it.And that is quite good if the value is high and that you can get some huge profit with it, but that will takes a long time for it.
i think i am not agree with this statement,i am really going to sell my bitcoin when ever i feel the need then i will never wait for a single minute but will sell it on the spot.
well, everybody has their own decision. I think OP had mentioned why we should never sell our bitcoin and I thought it make sense. That such opinion just come from people who had a strongly believes in future of bitcoin, I do believe, so I would always have savings my btc and just convert it into fiat money if I need to buy/pay something urgent.The one true goal here is to save more Bitcoin as possible, for the preparation when the time comes that Bitcoin will be legalized by many. And not all of us do the same thing. Some of us buys Bitcoin just for a quick buck without any purpose of keeping it forever. Well, everybody has its own opinion regarding this matter.
That is investment why you should sell bitcoin right away after buying it? Let the price of bitcoin grow before selling it so that you could profit in the investment.That is why it is so called investment wherein you put your money and let it grow. However bitcoin price is too high then you could use the alternative cryptocurrency ICO project like the I AM HERO ICO projec that focuses on employment. As we all know that as the bitcoin system grows it needs also need an individual to employed and help the system maintain, sustain, and promote. This is a good project and if you wish to learn more about the I AM HERO ICO project then you visit the website with the link posted below:
https://iamhero.io
Yes, it is so important to pay attention and look forward for the future of Bitcoin. We have to save some Bitcoin in our pocket just in case if something happen in the future so we will not regret it. People should start to invest and save some Bitcoin for their own good in the future. Just look at the price of Bitcoin three years ago, and then compare it with the price of Bitcoin right now. After that, just imagine what will happen to the Bitcoin price after three years later, or five years later. https://iamhero.io
I think because of the fact that over time, bitcoin becomes more expensive and gradually becomes more popular
Time to will prove the bitcoin of the potential!
From now on the bitcoin has a value in a term of fiat most of its people
are here and have waited to earn a great chunk of fiat money for our
future.when the price rises to its value in bitcoin . they a lot of people
will liquidate on the their bitcoin price handling really too volatile and
decline from those saying that's the value if price now is $250.is it rate
if it.its maybe the perfect the instruments is for speculation..
From now on the bitcoin has a value in a term of fiat most of its people
are here and have waited to earn a great chunk of fiat money for our
future.when the price rises to its value in bitcoin . they a lot of people
will liquidate on the their bitcoin price handling really too volatile and
decline from those saying that's the value if price now is $250.is it rate
if it.its maybe the perfect the instruments is for speculation..
The value of the bitcoin is keep growing and it is the reason why I trying to do my best to save all pf the bitcoins that I earned. I can generate more money if I will hold it and sell it in the future.
It is not possible to hold for long because in some cases we need money, so always do one thing you can keep on holding the Bitcoin as long as you don't need money. Some people are holding more than 3 years to get the good return on Bitcoin holding. Even it will give higher if you hold it for some more time.
I second this. Instead of converting Bitcoin to fiat which may be useless, I would most certainly use it to buy stuff priced in fiat yet still accepting Bitcoin like on newegg or dell. Turning that Bitcoin into a product would benefit me more than converting it to fiat which will either go to crap or sit somewhere and do nothing. There are still things though that will need to be bought with fiat but a quick small conversion can easily solve that problem.
That is right, converting bitcoin to fiat money can be a waste. But here in our country only few are accepting bitcoin, so few, only those rich businesses are accepting it, famous universities and a large company are the only ones who recognize it.
of course the main reason not to sell bitcoin because it is confident with the future of bitcoin, we must be optimistic that the future of bitcoin will continue to improve so selling now will make us regret that someday the price will skyrocket.
In my opinion, it is good to sell some bitcoin as long as you need the money and you have the valid reasons to count in order for yourself to not regret if you sell your bitcoin at this year but for the rest, we should just hold it for long term because the price is not playing with us and it is really going to reach hundred thousands of prices in the future. Jump to: