Topic: Why You Should Never Sell Your Bitcoins Ever - page 59. (Read 270139 times)

Lol yeah sometimes we experienced a prediction or calculation errors, I also never wrong in selling bitcoinku, I think prices will stop rising and will go back down so I sold all my bitcoin but that happens the price keeps rising, yeah it is a risk

The fact is you cannot hold bitcoin forever, otherwise you will not enjoy it's value. Be wise, sell at the right timing.

I regret having sold 6 bitcoin several months ago, I think prices will continue to fall but bitcoin several weeks after I sell price is thus increased. And now I have to buy bitcoin again and I will hold for a long time or price reach $2000 or more.

You are right, timing is the most important in investing. The timing to get in and get out and the timing to buy and sell. It's important to ensure that we can have at least a profit when we will be selling our bitcoins, and as a way to guarantee that we enjoy the value, we must spend as well.

The fact is you cannot hold bitcoin forever, otherwise you will not enjoy it's value. Be wise, sell at the right timing.

Indeed you should not even have than regret because you made profit, selling bitcoins is never good when you have the feeling you can make profit but on the other hand profit stays profit no matter what.

There's nothing to regret if you have made profit selling your bitcoins, you can buy now and hold for more years, that way you will make more profit. It's all about the right timing mate, you just have to stay patient if you are really waiting for a good price to hit before you sell.

I regret having sold 6 bitcoin several months ago, I think prices will continue to fall but bitcoin several weeks after I sell price is thus increased. And now I have to buy bitcoin again and I will hold for a long time or price reach $2000 or more.

Yeah, indeed do storage bitcoin is the best way to get an advantage. the more you collect bitcoin then the bigger advantage you dapatkanya, but this only applies to those who get the bitcoin for free or for those who buy bitcoin when low prices and does not apply to those who buy the high price at the time of the bitcoin. So start thinking the right way and do not think negative first

Well you were partly right. Well for me I will save my Bitcoin because it might generate a great profit since more and more people are getting engaged in bitcoin meaning that the demand is getting higher and higher and the price will soon to be pumped. It is reasonable to wait if it will double or tripl your bitcoin holdings isn't it ? Rather than spending it in a nonsense stuffs.

It is not about never selling your bitcoin it is about waiting that some day you are able to use your bitcoin like real money,but the problem is we are not sure what the future of bitcoin is so holding all of your bitcoin is a bad idea , i would suggest that you spend half of it and keep the other half so if shits goes down you won't regret it

[...] i would suggest that you spend half of it and keep the other half so if shits goes down you won't regret it

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?

That's how the market works... Even for a technology with very good fundamentals, like Bitcoin, it's difficult to know the future. There are many variables involved, and I believe that in the end everything will depend on the users... the more users using and promoting Bitcoin, the better.

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

In bitcoin investment, what you need is just the patience. If you hold long enough, you will be very rich.

Yeah thats good idea in investing and strategy to make someone rich but you must have a patient to get this method work.

They are waiting for the right time to sell thier bitcoins..10 years would the minimum to store it  on a cold wallet and max of 20 years.
Maybe some day 1 btc is equal to  a sportscar.