Topic: Why You Should Never Sell Your Bitcoins Ever - page 6. (Read 270173 times)
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.
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
Previously I would have never agreed with you, but now that we are at this price and mainstream adoption is around the corner I don't see why I should opt back into fiat. Don't get me wrong I am going to take a little out to pay the bills and feel secure again in life, but I don't think I am going to take out more than 10% ever of what I have inside of crypto. Stark difference from a couple months back when I was looking to pull out 50% every year, but now I see no reason for such big moves.
Very interesting going back through this thread. Disappointing that we are still waiting on wider adoption. I would like to use BTC on a daily basis, but there are still way too many obstacles, both internal and external. Been several years since that initial discussion, but still a lot of headwinds.
It is not a wise thing to sell bitcoin even when it reches its highest prices. Such a currency is able to know a great pic at unexpected moments and make some people rich.
As I think if bitcoin to keep a long time, it will bring more money, because as its price increases over time
As of now, it is not the best time to sell bitcoin. As what we see as of ,the price is increasing slowly so it is very unlikely to say it will go decrease again. And if more user keep on holding their bitcoin,for sure it will start to go high just like going to the moon and we can make more money/profits of it. So dont do a panic selling.
I was expecting bitcoin prices to keep going up so I did not want to sell bitcoin. in addition, the increase in users also makes me optimistic about the future of bitcoin.
I am very certain that those who sold their bitcoins when the value dropped to $5K are currently screaming at themselves for making such a haste and rash decision because they were afraid to lose their investments. Time will come when you need to sell your bitcoins but the right timing matters most and this is what can't be easily predicted and often being said that you only sell when price is high but for now I think people will still hold up their bitcoin.
It will be good and safe not to sell bitcoin now and wait for the time that it pump high but it will be useful and profitable when you diversify bitcoin and invest in other coin that is known in the market and also has ability to grow. Bitcoin price is starting to pump again and it is the time to sell.
I am allowed to execute out of the hold of a Save Bank/focal specialist having control over the amount I can spend and if or not I can spend out of my nation or dispatch out of my nation.
At the present time it's hard/there are high expenses for settlements from where I live. I lean toward holding my Bitcoins and not offering them therefore.
At the present time it's hard/there are high expenses for settlements from where I live. I lean toward holding my Bitcoins and not offering them therefore.
This is why you should always hold a few bitcoins because you are interested in the technology.
It is because the value of bitcoin is getting higher from time to time. And we can gain income from it. We should not sell it because we can use it in our future needs, it also helps us to make our transactions easier and faster. We must think before we do anything so that we can avoid regrets. I sometimes sell my bitcoins but people believe that the future price of the bitcoin will be higher then ever so they save their bitcoins for then. I also to that but I sell sometimes if I need some money.
The future of bitcoin price will be higher than ever expected so that is why it is not advisable to sell it. However, yes you have a point that sometimes we are tempted to sell some of it. But it would be better to hold it because the future of bitcoin is brighter if will hold on to it.
I sometimes sell my bitcoins but people believe that the future price of the bitcoin will be higher then ever so they save their bitcoins for then. I also to that but I sell sometimes if I need some money.
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 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?
I do not want to regret after a few years, or my grandparents, why do not my grandparents buy Bitcoin and sell it to people who have not inherited us. Although I have reached the summit point for Shan Bitcoin, I believe it will be deeper and deeper in coming years, and I translate all the extra income from the elite into bitcoin from the smallest. Do not forget to buy only sells money, hodl is rich.
What a draconian statement! :-)
Of course, if you believe that their value will grow, it better to hold than to sell.
But if you "never" sell them, when could you enjoy the result of your investments?
Be serious!
Of course, if you believe that their value will grow, it better to hold than to sell.
But if you "never" sell them, when could you enjoy the result of your investments?
Be serious!
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 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?
I do not want to regret after a few years, or my grandparents, why do not my grandparents buy Bitcoin and sell it to people who have not inherited us. Although I have reached the summit point for Shan Bitcoin, I believe it will be deeper and deeper in coming years, and I translate all the extra income from the elite into bitcoin from the smallest. Do not forget to buy only sells money, hodl is rich.
It depends: if you are not a trader and you just bought some cryptocurrencies just to make an investment, actually it's better to hold, over all if you don't have any background in trading; but if you are a day trader, of course you have to sell and to buy all the time, just to profit of daily fluctuations.
(and with a so high volatility, you really have the opportunity to make big profits.
And big losses, of course!
(and with a so high volatility, you really have the opportunity to make big profits.
And big losses, of course!
Well, "never" seems to me a litto too much... what do you whant to do with your bitcoin, if you don't spend them? :-)
But, of course, there are good chances that bitcoin will rise again, so it's better to hold.
But, of course, there are good chances that bitcoin will rise again, so it's better to hold.
You're going to have to convert to fiat if you can't pay or buy anything yet with bitcoins. Some people have no choice but to exchange because they got bills to pay and they need to buy day to day things with it. This is for the most part for people who got bitcoin as their only income.
In my country bitcoin is not yet widely accepted therefore I have no choice but convert it to our currency to be able to spend. But, I still have a lot of cryptocurrencies in my wallet and I will only spend when necessary as I believe the value will grow overtime if I will just keep it.
You're going to have to convert to fiat if you can't pay or buy anything yet with bitcoins. Some people have no choice but to exchange because they got bills to pay and they need to buy day to day things with it. This is for the most part for people who got bitcoin as their only income.
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?
We do not sell our bitcoin ever because who knows someday our bitcoin price is so high,we sgmhould enjoy first before we sell think twice and wisely 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?
Jump to: