Topic: Why You Should Never Sell Your Bitcoins Ever - page 50. (Read 270173 times)
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 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
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
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 $260 now! It is affecting the adoption rate of it! It is probably the perfect instrument for speculation!
This guy was right two years ago
Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.
That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.Holding bitcoins is a good way to make profits in future but that doesn't mean that you should never sell them as if you will never sell then you will never make profits out of it so if a price is allowing you to make good profits then you should sell some of your coins in order to enjoy profits and rest hold for future hoping to see much more higher price.
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price riseSo how about if next week btc is drop? What are you going to do? Hold it forever? You must set some point that you will sell it on which price, if there is no limit you might never get your money for sure. Only wasting your time on holding it. May be you should do something with your coin while you are not selling it
You're strategy is much better because you will gain more when the price has increased. But one thing though, there's still a chance that the price would not continue to drop and you end up selling at the lowest price possible. Thus, you can't buy with a lower price. That's double loss for you. There are times and there would always be times when purely holding your bitcoins would be a better decision to do. Your strategy is only good to do if the dump is just starting or if the dump is in the middle phase.
At the end of the day, I think we all have our own strategy. You can't just say "You're dumb" to somebody else's plan just because you think that yours is better.
You're absolutely right - everyone already has its own strategy. Advise - it is wrong. Everyone has to make decisions and learn from their mistakes. That's how people and gets your personal experience
Bitcoin can possibly the future fiat although it will not totally eliminate fiat still it is a great thing if you still have bitcoin on hand after 10 years or more. Just imagine how bitcoin's price we have right now? What more after 10 years, it could possibly times 10 of the current price now or more.
For me its not a good idea to stay hold your bitcoin for a long time and i think bitcoin will never be fiat it will be still as alternative payment online. since bitcoin is just like the same as other payment method paypal or vcc online is actually the same as bitcoin but the different bitcoin is not instant and anytime the payment can be reverse.. that is why they are waiting for 3 confirmation thant vcc its really instant.. For me if i have bitcoin if the price is increasing i will sell few bitcoin and the rest i sell it if the price continues to increased..
Bitcoin transactions post instantly, just to clear that out. It's the confirmation times that makes you wait. Or you simply didn't include an appropriate enough fee which makes pools ignore your transaction for a while. When it comes to the reverse aspect, you as normal person don't have to worry about that unless you deal with millions every time like is the case with exchanges for example. That's why they require 3 confirmations before your deposit posts. It's set like that because exchanges have a lot to lose. In general 1 confirmation is safe enough.
I don't believe they "post" instantly either. Don't they still need a node to broadcast them out? I'm a bit hazy on how this part works exactly, but when there was all that congestion in the bitcoin network last year due to the refusal to increase the block size, there were always tens of thousands of transactions sitting in a pool waiting to be broadcast, but I think the nodes were only broadcasting the transactions that paid the highest fees. So it's not that the rest were waiting to be "confirmed." They hand't even been "posted" yet by a node to start the confirmation process. At least I think that was the issue, if anyone can provide any clarification on this, I'd appreciate it.
If you put it that way, then in some cases it's not instant as there are nodes not willing to broadcast certain transactions, but that's mostly only the case when transactions have almost zero chances of getting confirmed. I once sent several low value transactions without any fees (for testing purposes), and then I checked everything through various block explorers. Funny thing was that one explorer, blockr.io, actually showed everything like it was doing usually, while other explorers didn't recognize the tx id like it didn't exist. In this case they simply ignored these no fee transactions. After that I double spent these transactions with fee where they got noticed instantly by all explorers.
Right, well that's my point then. You can broadcast a transaction with zero fees, but the nodes can filter them out because there's no point in broadcasting a transaction that results in no payment for broadcast. The end result is that transactions aren't "posted" until they are recorded in the blockchain, and they won't get recorded in the blockchain if they don't get picked up by a node. So making a transaction is not instantaneous. A transaction doesn't occur (in effect) until it is recorded in the blockchain.
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price riseSo how about if next week btc is drop? What are you going to do? Hold it forever? You must set some point that you will sell it on which price, if there is no limit you might never get your money for sure. Only wasting your time on holding it. May be you should do something with your coin while you are not selling it
You're strategy is much better because you will gain more when the price has increased. But one thing though, there's still a chance that the price would not continue to drop and you end up selling at the lowest price possible. Thus, you can't buy with a lower price. That's double loss for you. There are times and there would always be times when purely holding your bitcoins would be a better decision to do. Your strategy is only good to do if the dump is just starting or if the dump is in the middle phase.
At the end of the day, I think we all have our own strategy. You can't just say "You're dumb" to somebody else's plan just because you think that yours is better.
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price riseSo how about if next week btc is drop? What are you going to do? Hold it forever? You must set some point that you will sell it on which price, if there is no limit you might never get your money for sure. Only wasting your time on holding it. May be you should do something with your coin while you are not selling it
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons users hold their bitcoin is none other than to wait for higher prices. or wait for the price to their liking. that is the reason most users hold bitcoin
Yes it is one of the reason why we shouldn't sell our bitcoins for now. But we don't need to never sell our bitcoins. Because we can't get profit on it.
We just need to take time on until when we need to hold bitcoins because there is a guaranteed that if we keep on holding.
Higher profit will be possible to happen for us.
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price riseSo how about if next week btc is drop? What are you going to do? Hold it forever? You must set some point that you will sell it on which price, if there is no limit you might never get your money for sure. Only wasting your time on holding it. May be you should do something with your coin while you are not selling it
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons users hold their bitcoin is none other than to wait for higher prices. or wait for the price to their liking. that is the reason most users hold bitcoin
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price rise
maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.
one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price rise 
Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.
That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.Holding bitcoins is a good way to make profits in future but that doesn't mean that you should never sell them as if you will never sell then you will never make profits out of it so if a price is allowing you to make good profits then you should sell some of your coins in order to enjoy profits and rest hold for future hoping to see much more higher price.
If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.
Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.
I agree 100%. We all earn bitcoins for our self to buy stuffs and help our family so just what you said what is the point of saving if your not going to spend it. I invest and earn bitcoins for my future and that means that I am going to spend it in the future in the right time and even now If I need it. So I am totally agree with you mate. Earn bitcoins to spend it.
currently bitcoin price keep improving , so holding bitcoin for very long long time are worth , and that is why op speculating about how you should never sell not in the true meaning to really never convert/sell it.
Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.
That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.Any investment - is the risk. We must reduce these risks and to keep the rate of Bitcoin.
And I am sure that each of us has determined the price at which he is willing to sell Bitcoin.
Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.
That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success. 
Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.
It is a better idea to exchange bitcoin for goods not sell for fiat because theres a better chance the shop you sell to will also exchange their bitcoin for services. They might even pay their staff in bitcoin who knows, it could be useful to them across borders to do so.
However its not massively different to shop with bitcoin then to sell for fiat then shop, usually when you buy with bitcoins the shop is just using an exchange service and the bitcoin will resurface at a local buy/sell site.
Hopefully the market develops, no swaps to fiat increases velocity within bitcoin and makes the entire system more valuable which leaves your change left over from the purchase likely with more worth.
Never sell is a bit extreme, hold enough of every type of currency you might need in the next 12 months. I swap some crytpo over to precious metals storage also, only a bit as its more long term
However its not massively different to shop with bitcoin then to sell for fiat then shop, usually when you buy with bitcoins the shop is just using an exchange service and the bitcoin will resurface at a local buy/sell site.
Hopefully the market develops, no swaps to fiat increases velocity within bitcoin and makes the entire system more valuable which leaves your change left over from the purchase likely with more worth.
Never sell is a bit extreme, hold enough of every type of currency you might need in the next 12 months. I swap some crytpo over to precious metals storage also, only a bit as its more long term
Jump to: