Topic: Why You Should Never Sell Your Bitcoins Ever - page 62. (Read 270173 times)

if you know deeply about bitcoin and think about long term investment you might will keep it forever
nowadays bitcoin shows a promising movement
look at how bitcoin price jumping every year
you should not regret twice when an early adopter experienced in the past still could happened today and tomorrow.

If there were a hyper inflation fiat crash scenario and bitcoins were 10k 100k or 1 mil.  I would still cash out a few provided fiat could still buy products.  If everyone accepts bitcoin it doesn't matter.

If there were a hyper inflation fiat crash scenario and bitcoins were 10k 100k or 1 mil.  I would still cash out a few provided fiat could still buy products.  If everyone accepts bitcoin it doesn't matter.

   I plan to hold bitcoin that I earn for a long term, but in moment of need I will sell them and I will not ask for price. Its much better to spent bitcoins for buying some stuff, that is economy, people who sell things for bitcoins will stay out of work if everyone just sell bitcoins for dollars.
   This depends a lot from place where you live, not everyone of us have same possibilities. I can`t buy pizza like some other people can, and food is what we all need. If I`m hungry and I dont have money in my pocket and I have bitcoins, what would be reasonable from me to do? I will tell you, only one thing sell bitcoins for cash and buy food.

Depends on how strong is your faith, if you do not believe in the future of bitcoin then you will really sell your bitcoins when you see the price is falling. It's not about a temporary thing dude because we cannot see bitcoin's price will only be moving in one direction.

Depends on how strong is your faith, if you do not believe in the future of bitcoin then you will really sell your bitcoins when you see the price is falling. It's not about a temporary thing dude because we cannot see bitcoin's price will only be moving in one direction.

This is exactly the price of Bitcoin is changing very rapidly. We must always be prepared to sell it urgently. I'm not going to keep it forever

Upon the risk involved bitcoin as a form of investment gives a good profit over the long run. Situation might change anytime so as you mentioned its better to sell and cash out at the right time upon one's own decision.

I don't see a problem if someone wants to cash out their bitcoins for a big profit. I personally will hold some bitcoins for the long term, but I will sell some if we see a big increase. It is still a risky investment.

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?

It seems to me that the price of Bitcoin will be higher than $ 1,000. I would not sell their Bitcoins in the next 5 - 10 years. But I do not rule out that I will have to do it for some needs

because the bitcoin price will be rise and rise again every month, so better to keep your bitcoin on wallet, and using it when you need to pay something

Almost everyone in the world of bitcoin holds their coins in order to generate profits out of it and for that they would probably need to sell their coins at the right time but they should not become greedy and keep them more even after getting a good price, if someone does that there is a chance that they might lose a percentage of the profit they could earn.

it is true that in another 5 - 10 years the bitcoin will be more higher then what today is , but it is also clear that we are earning bitcoin to meet of daily expenses needs and full fill our desires so i think who are having another income source they can keep saving the bitcoins what they are earning but like me who are earning for their daily life earnings which i have to convert it to meet my daily expenses need.

It seems to me that the price of Bitcoin will be higher than $ 1,000. I would not sell their Bitcoins in the next 5 - 10 years. But I do not rule out that I will have to do it for some needs