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Topic: Why You Should Never Sell Your Bitcoins Ever - page 67. (Read 270139 times)

legendary
Activity: 966
Merit: 1006
Actually i think in some ocassions like financial trouble we have to sell our some bitcoin holdings because it is the form of saving many people have these days like me. I like to hold my money in bitcoin rather than trusting any centralized banks.
hero member
Activity: 952
Merit: 500
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
yeah I think there are some considerations before you have to hold your bitcoin longer, certainly one of them is that you still have enough money left to pay the cost of your need in real life, then you can hold your bitcoin longer
That is already given because the real principle in investing would tell you that you should invest what you can afford to lose, your daily expenses should be properly taken cared of and we should not put all our money in bitcoins if we do not want to regret when something bad happens.
hero member
Activity: 490
Merit: 500
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
yeah I think there are some considerations before you have to hold your bitcoin longer, certainly one of them is that you still have enough money left to pay the cost of your need in real life, then you can hold your bitcoin longer
sr. member
Activity: 420
Merit: 250
Cause when the right time comes and bitcoin is already  at 2k per btc you will not blame yourself for selling all your btc today at its current price.

Nice thinking!!! Most of us should think like that, instead of wasting our coins, why not just use our fiat to pay someone and make bitcoin as back up money or just an option...After all, we all have that high expectation on bitcoin,so while we can, never waste our coins and just keep collecting..
They say that you should never ever sell your bitcoin because they think that in the future the price is going to be trough the roof.
They will all hold on to there coins but if people are not going to sell then the price will also not move up.
legendary
Activity: 3150
Merit: 1148
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Some people say that you should never sell you Bitcoin never because those people think that in the future the price is going to be higher then it has ever been.
They then are going to sell of there Bitcoin that they have saved to make maximum profit.

These people are good in talking nonsense. The majority of the people that say they will not sell their coins before reaching a certain price level, will sell as soon as they see they have made like 25% profit. It's too tempting for them to resist. Only the best holders can manage to hold their coins till it reaches a certain price level. And these holders are a far minority I can tell you.

This is true, because  if people would see the  price of bitcoin rose  to a certain point and they could able to see that  they are making  25% or more on their investment for sure they  would really be tempted to sold  all of those bitcoin because  they would  like  to secure profits. Holding  on  how many years  are quite few for sure.
I think 25% increase of your investment is not just the target of majority here, we want even bigger than that and not just double our investment but even triple if possible, as long as we have a good plan and we should stick with it to have the right timing to sell and make profit.
hero member
Activity: 2996
Merit: 609
Some people say that you should never sell you Bitcoin never because those people think that in the future the price is going to be higher then it has ever been.
They then are going to sell of there Bitcoin that they have saved to make maximum profit.

These people are good in talking nonsense. The majority of the people that say they will not sell their coins before reaching a certain price level, will sell as soon as they see they have made like 25% profit. It's too tempting for them to resist. Only the best holders can manage to hold their coins till it reaches a certain price level. And these holders are a far minority I can tell you.

This is true, because  if people would see the  price of bitcoin rose  to a certain point and they could able to see that  they are making  25% or more on their investment for sure they  would really be tempted to sold  all of those bitcoin because  they would  like  to secure profits. Holding  on  how many years  are quite few for sure.
full member
Activity: 224
Merit: 100
I dontt think that you need to sell your coins right now and not never because the price of the bitcoin is getting better and better so you need
to hold them for now and not for ever.
I think if you think that the higher prices will come of it nothing more than a prediction and is very likely to be wrong? so why do not you take advantage of opportunities as possible when prices are high as it is today, you can use them to sell your bitcoin and wait for prices to fall back


Hmf? As what I am seeing right now is that it is good to buy bitcoin now rather than selling because I believe its price will go up in the future. It is also advisable to hold your bitcoins and as much as possible, Do Not Sell It Yet because it will cost you profit lost in case sudden pump occur. Not unless you really need that money then you should sell it. Bitcoin is very in demand nowadays so we should grab this opportunity to earn profit while it is very hot in the market.
legendary
Activity: 1372
Merit: 1008
I dontt think that you need to sell your coins right now and not never because the price of the bitcoin is getting better and better so you need
to hold them for now and not for ever.
I think if you think that the higher prices will come of it nothing more than a prediction and is very likely to be wrong? so why do not you take advantage of opportunities as possible when prices are high as it is today, you can use them to sell your bitcoin and wait for prices to fall back
hero member
Activity: 868
Merit: 1000
in present time as the price of bitcoin is expecting to raise high and high therefore it is not a right time to sell bitcoin,  i think we should wait a little and simply hold bitcoin,

That's the right thing to do as price is expected to go higher at the end of the year so holding till that point is the right decision to make as it will give us higher profits if we sell at that time.
member
Activity: 95
Merit: 10
in present time as the price of bitcoin is expecting to raise high and high therefore it is not a right time to sell bitcoin,  i think we should wait a little and simply hold bitcoin,
legendary
Activity: 840
Merit: 1000
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

This is true but I think that on a day you have to sell it because otherwise the profit is most likely minimum investing with the bitcoin in something is also doubling your risks if you are asking me.
If you dont sell bitcoin you will not gaining the profit you should sell it the only you invest is patience and increases of the price. but it takes a long time before we can see huge price increase for bitcoin its not the same right now because bitcoin has a big chance to go huge increase if many investors are invested in bitcoin its growing day by day.. and i think many people are always waiting for 700 value that can possible to happen before end of this year..

$700 price is likely to achieve in next couple of months and I am sure many of them will prefer to sell their coins when it hits that price and I think that is the right decision to make.
member
Activity: 98
Merit: 10
here will be a time that you must sell your Bitcoin. Because if you only wait then you cant get profit and earn money.
But there will be a time that you want sell it by yourself. Time  and the value depends on when you will sell it or buy it.
legendary
Activity: 2030
Merit: 1030
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If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

This is true but I think that on a day you have to sell it because otherwise the profit is most likely minimum investing with the bitcoin in something is also doubling your risks if you are asking me.
If you dont sell bitcoin you will not gaining the profit you should sell it the only you invest is patience and increases of the price. but it takes a long time before we can see huge price increase for bitcoin its not the same right now because bitcoin has a big chance to go huge increase if many investors are invested in bitcoin its growing day by day.. and i think many people are always waiting for 700 value that can possible to happen before end of this year..
sr. member
Activity: 364
Merit: 250
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

This is true but I think that on a day you have to sell it because otherwise the profit is most likely minimum investing with the bitcoin in something is also doubling your risks if you are asking me.
hero member
Activity: 742
Merit: 500
Yes, its true when bitcoin prices goes very high, it means fiat prices has lost its value.At that time, there will be no use in converting Bitcoin into fiat.You can start buying goods directly using Bitcoins.By applying this method, you can even avoid the exchange fee.
sr. member
Activity: 672
Merit: 250
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

Obviously, if someone already have money in hands and he does not need anything then he would probably not like to sell his coins as we all know that bitcoin has the potential to grow higher with the time, but the ones who sell their coins are those who needs money and they have no other option than this.
legendary
Activity: 2688
Merit: 1065
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If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

Well it's obviously a wiser way to do if people will use first their fiat or any kinds of resources to deal with their real life spendings rather than use their bitcoin in order to covered it.

But when times that it really needs a call of bitcoin to enter the scene, it's not wrong on selling those coins.
legendary
Activity: 896
Merit: 1000
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

it doesn't really matter whether or not you have enough money. smart traders from time to time secure profits to have a better fiat-btc ratio as it will allow them to benefit from the price going lower. at the end of the day every trader is trying to let the number of coins that he has grow. everything else doesn't matter.
hero member
Activity: 644
Merit: 500
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
hero member
Activity: 826
Merit: 502
I don't see the point of not selling my Bitcoins ever. It would be a good decision if we invest in Bitcoin and hold it for years or even decades and then sell it once we are happy with the price. But, not selling my coins ever would be as if my Bitcoin wallet is inactive because after I die, I wouldn't be able to enjoy all the money that I get from my hard work. I think this idea is absurd. It would be really funny having millions of dollars worth of Bitcoin and not be able to use it ever because you never sold a single Bitcoin.
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