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Topic: Why You Should Never Sell Your Bitcoins Ever - page 53. (Read 270173 times)

full member
Activity: 238
Merit: 100
Of course I will not sell bitcoin now, I am still optimistic price bitcoin can reach $10,000 and it looks like it is no longer imminent. I don't care about the people, there are few investments that I switch to bitcoin. I've bought 2 BTC before December, and if I sell I now I get $300.
hero member
Activity: 1190
Merit: 534
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .

I don’t see any strong reason (other than selling your bitcoins if you need urgent funds) to sell bitcoins. Of course there is a risk involved in keeping all money in bitcoins and that’s why everyone should invest the amount which he can afford to lose (almost 80% community believes it). Bitcoin has high risk but same about returns, you might end up with having millions or even pennies.
legendary
Activity: 1146
Merit: 1000
If you truly never sell it. what is the difference between buying BTC and and burning the fiat in a fire?

Knowing you have BTC lets you sleep easy at night while having nothing doesnt.
member
Activity: 75
Merit: 10
Why not sell bitcoin ever if you don't do that then it is just a waste. My advice just hoard Bitcoin until the price is double from the time you bought it. If you bought Bitcoin while it was still 600$ then this time is a good time to sell your Bitcoin because you already will earn easy 400$. But it is up to you but if its me that is what i will do.

It is better to hoard the bitcoin until you have to use it.
hero member
Activity: 1134
Merit: 502
Why not sell bitcoin ever if you don't do that then it is just a waste. My advice just hoard Bitcoin until the price is double from the time you bought it. If you bought Bitcoin while it was still 600$ then this time is a good time to sell your Bitcoin because you already will earn easy 400$. But it is up to you but if its me that is what i will do.
newbie
Activity: 61
Merit: 0
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
I am not sure a country ban could stifle the growth of bitcoin as you will have many other options to get the coins and can covert to other coins and can  book your profits and the risk factor is always there i an form of investment and so everyone will be aware of the risks involved.

So we need mass adoption.
hero member
Activity: 980
Merit: 523
Guys if we do not sell and just collect and collect isn't it bad for the community because less coins will be available and people will not use it much or the best case the price will go higher?

If some people want to use the coin, they can still buy from the exchanges and use them, but the price will be higher.
There is a possibility for decreasing prices and in that time the guys who hold all of their bitcoins will not benefit it.

Yeah, its better to keep on spending our bitcoins on regular basis, do not wait too long for price hike as we are not sure where bitcoin will reach in future, if there is a little pump we should sell our bitcoins.
Maybe people need to sell some of bitcoin and not all of it when there is volatility. However in other markets when prices are unstable, professionals usually do not do deal.


Ofcourse there will be a time that you can sell the coins. But you must sell it for a good value and price.
Otherwise you dont get profit and that wont be good. Just wait and sell it with a value that has rise for a long time. So have patience.

But you cannot be sure that what is the best price to sell, if today the price is $1k you sell it, and the next day the price reaches to $2k and you regret.

Exactly that is the point! You can never ensure what is the best price and what is the right time for selling that's why make investment with negative and positive risks.

Yeah and that is the reason people hesitate to invest their money into bitcoins, as they have a fear of loosing their money if the price drops down extremely, its all about luck after all.

You are right that you need luck but the bitcoin itself doesn't that because the market can more and more jump to a high price in the future, the bitcoin just need more people that invest invest in the bitcoin and also believing in it.
If more people are believing in the bitcoin, the bitcoin will be more used more at payments/stores etc, I think the bitcoin just need a little push to the right direction and than everything would be alright.
The same thing is needed at the people they also need a push, I see more people using the bitcoin these days because bitcoin increasing its price too much faster.
sr. member
Activity: 350
Merit: 250
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
I am not sure a country ban could stifle the growth of bitcoin as you will have many other options to get the coins and can covert to other coins and can  book your profits and the risk factor is always there i an form of investment and so everyone will be aware of the risks involved.
sr. member
Activity: 1232
Merit: 250
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
No fixed time to sell mate as it is all about the right timing, if you can hold longer then it's better. Look at the price now, I think it's not good to sell now.
It's all about having your goal, I mean a written goal that from time to time you have to evaluate if it's realistic or not. By having a goal, you also have a specific plan and to make profit, you must carefully follow your plan and implement it effectively.

Not selling Bitcoins if you are investing is quite a bad idea. And yes setting goals and time frame to complete the goal/objectives helps.
Selling/Buying monthly is bad, and in investing in fear is also can turn up badly.
Buy it when you have money, sell it when you achieve your objectives. Now if Bitcoins becomes a globalcurrency used by worldwide people, then keeping it won't affect anything.
hero member
Activity: 2856
Merit: 667
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
No fixed time to sell mate as it is all about the right timing, if you can hold longer then it's better. Look at the price now, I think it's not good to sell now.
It's all about having your goal, I mean a written goal that from time to time you have to evaluate if it's realistic or not. By having a goal, you also have a specific plan and to make profit, you must carefully follow your plan and implement it effectively.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
No fixed time to sell mate as it is all about the right timing, if you can hold longer then it's better. Look at the price now, I think it's not good to sell now.
full member
Activity: 266
Merit: 100
U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
If you truly never sell it. what is the difference between buying BTC and and burning the fiat in a fire?
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
You should not sell bitcoins on this moment, if you wan to sell them so bad you should wait a couple months and see what the halving is gonna do.
If the halving is good you will make a lot of profit if this is not the point you will most likely makr normal profit.
So what I could consider is waiting a couple months.
yes i am also no welling to sell bitcoin currently, because to me i think the price of bitcoin can go some more high therefore the best decision will be hold it and not to sell it right now.
IT could go high, wait for the right timing. The price is still rising and it's a positive sign that you can earn more profit if you hold longer. My advise to you is if possible you can buy more and hold still, just do it now. I would not be surprise if by the end of this month we will surpass the all time high.

Those who believe shall be rewarded, that's the game here, stay focus and keep your faith with bitcoin.
sr. member
Activity: 247
Merit: 250
You should not sell bitcoins on this moment, if you wan to sell them so bad you should wait a couple months and see what the halving is gonna do.
If the halving is good you will make a lot of profit if this is not the point you will most likely makr normal profit.
So what I could consider is waiting a couple months.
yes i am also no welling to sell bitcoin currently, because to me i think the price of bitcoin can go some more high therefore the best decision will be hold it and not to sell it right now.
sr. member
Activity: 259
Merit: 250
Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.
This is reality at the moment. But there are good reasons why things are still at this stage. Bitcoin needs first to achieve more stability in the market, so both customers and merchants will have more confidence using it. Another aspect is that some things need to be improved on the network, such as the scaling issue.
legendary
Activity: 1442
Merit: 1025
Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.
The thing is that people get greedy, they see bitcoin’s price going up and they think that it will stay like that forever which is not true, at some point the price will go down, and when it does a lot of people are going to miss their chance to sell it, the thing is that you have to have an objective, when at some point, you are going to sell.
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.
I can relate on your situation on there pal since we live on the same country i suppose on which our local wallet provider does really give those service on its users.We dont really have any option since its the only way to use our bitcoin and also the way to encash or exchange it on our local fiat currency.
I think we are all in the same country which is we can also pay for our monthly bills but not only that thing we can also buy and shopping online they are adding new features like buying domains buying in purse.. you can shop accessories in newegg. that honestly it can help for those other bitcoin user to spend their bitcoin.. i am waiting to get their debit card or physical debit since they are already release a vcc virtual credit card visa they can use it to connect in paypal to shop in other website..  so we can use bitcoin right now and connect with paypal if you can not buy with bitcoin you can depositing your vcc and connect to paypal and shop what you want in online..
legendary
Activity: 966
Merit: 1042
Last year i had been forced to sell my bitcoins to cover some bills, besides those emergency situation i dont expect to keep spending my bitcoins this year, in fact my goal is to save bitcoins along the year from all of mine investements, this is the year to start saving and stop investing.

Saving bitcoins and investing in bitcoins are the same thing. If you mean investments that accept bitcoin then you are investing is sketchy ponzis and HYIPs lol. I'd stay away from those!
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.
I can relate on your situation on there pal since we live on the same country i suppose on which our local wallet provider does really give those service on its users.We dont really have any option since its the only way to use our bitcoin and also the way to encash or exchange it on our local fiat currency.
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