Topic: Why You Should Never Sell Your Bitcoins Ever - page 61. (Read 270173 times)

Lol I think everyone will not know when the price of bitcoin will pump or when the price will go up, if you continue to hold your bitcoin for resonable difficult to achieve, I think it will only waste the opportunity

He is living in the fantasy world, he does not understand what is the nature of bitcoin and how the price would react. He should be educated first before posting as it might be considered spam with lack of information before participating. I hope he could have make it a question mark though..

Indeed. bitcoin value won't go that much high as more than $1000.. although it's possible but it will not be in this millennium.. I wish that it could happen though but it's really far from the truth.

You are delusional, the price does not move that way, if you are new here you do not see the price and your statement has no proof. If the price increase daily then we are all millionaires now even you.

I should never sell my Bitcoin because I sure the price will increase in every day, every month and every year. This is best time to buying bitcoin, and I predict the price more than $1000 in next year

I think that's true for other commodities but not for bitcoin, we must to know that the stock of the bitcoin is fixed and bitcoin users always increase. So if we hold our bitcoin then it is definitely the price will go up. And I'am very disappointed for sell some of my bitcoin before halving day about 5 months ago, if I hold 3 months again or until now I would profit more.

Nice explanation there, I get the point, money is not an investment but bitcoin is. I have been reiterating that because fiat or money as we call it is subject to inflation while bitcoin the longer we use it the more it increase it's value. I guess we just need to learn how to take risks.

I dont think people will swap to FIAT money, they would just swap bitcoin straight to goods.   This is what happens with gold bars when buying property in Vietnam because they dont want to risk losing value during the exchange, its easier just to keep hold of the gold which will adjust in price and literally its done as a trade or exchange of shiny bar for the land with no paper money.

Theres the famous tale of the family in the 1920's selling all their goods and house in Germany post world war one and their purchase for all these things in a distressed market was ferry tickets and travel out of the country to a more stable environment to work.   So they sold the goods and received their cash which was a currency with hyper inflation and by later that day they got to the Ferry to buy the tickets, the price had already moved too far and their money was now not enough for all the family to travel.  
It becomes too dangerous to hold money eventually, right now for western countries the danger period is maybe ten years.  You cant save for retirement with cash because its going to fail to buy your food when you cant work from old age.
  As the currency standard falls apart the one decade becomes five years, then a couple, a year then its just months before you lose too much value to ever hold on.  It accelerates, Im sure you wont be swapping to FIAT when it gets that bad you will hold onto assets and swap over and its then bitcoin is useful for being immediate and accurate

Well people usually dont wanna to take huge risks, soo they sell in the general as they see 30-60% income from investment, are few those which does hold their investments forward those, at bitcoin i do believe some people are waiting the halving of 2020 to dump their coins.

I agree with that, holding them for certain period of time is good but only holding and never selling them doesn't make any sense, you should sell your coins when the price of bitcoins exceeds your entry price in order to make profits and buy them back when price falls in future.

I think you should talk to the former owners of the shares of IBM, who have sold their shares yet in the 80s
In this case "forever" does not mean eternity, but I think the true value of Bitcoin reached within minimum 10 years.

Why we should never sell our Bitcoin ? What is the used of hoarding lots of Bitcoin and never gonna sell it. We should sell our Bitcoin if you think you will profit 100% or 200% from the price that you bought your Bitcoin. Because holding it forever is nonsense .

To cope up the situations you were facing for holding bitcoin and selling bitcoin, you must adopt the practice of selling partial amount of bitcoin from what you are holding at a time.
When you are selling only the partial amount of your total bitcoins, you will be always in the race of bitcoin price appreciation. Never get out of bitcoin ecosystem and never loose opportunities.

Under the situation you have no option but to sell your bitcoins, emergency requires an urgent need of money and what is the use of our money if we cannot enjoy it anymore. Money are spent to get the benefits or enjoy it's value.

Just hope and pray that emergencies will not come often in your life so you could save and invest more.

not always about trust if you remember what happened to the early adopter 7 years ago
a lot of people didn't trust on bitcoin , but then bitcoin go up to the moon
the situation can be repeated now or in few years ahead
so yeah that's why better to hold your bitcoin longer even never sell it as it could be as rare as pearl.

I typically hold my Bitcoin due to the fact it goes up every time I spend it... Without a doubt it will surely be this way for awhile because of this being the introductory production phase.

Over all else getting into other alternative cryptocurrencies will return a similar outcome, so buy into this now.

I think depending on the current situation, if bitcoin has been accepted by many people outside, and bitcoin prices soar, why bother to exchange for fiat, while you can use bitcoin to spending

You noticed something very important. Currently, the price goes up because demand is growing. And Bitcoin mining is still going on, so new coins still are coming. (My guess is that a very large part of the miners sells Bitcoin almost everyday to cover the costs.) Think what happens when all Bitcoiny will be extracted (21M) - what happens to demand when supply stops?
I think we should hold BTC at least up to this point.

It is indeed very risky, we do not know in the future price of the bitcoin is going up or going down, but I sure will go up because if the quarry is up bitcoin surely will become rare and expensive

Besides faith must still be present sanity. You should always follow the news and exchange rate relatively centralized Bitcoin currency. Do not forget about the risks.