Why You Should Never Sell Your Bitcoins Ever - page 71.

agustina2

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Quote from: equator on October 14, 2016, 10:07:38 AM

Quote from: agustina2 on October 14, 2016, 09:57:09 AM

Quote from: uname on October 14, 2016, 06:20:42 AM

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

What you said is correct, if everyone just hold the bitcoins and no one will sell then how will the price will increase or decrease, until their is no trading and price fluctuations we cannot see more development in bitcoins. Their are so many country where you cannot buy anything in bitcoins so they convert in fiat currency and meet their expenses.

I am also doing the same as i am earning bitcoins weekly and this is like a salary for me doing the bitcoin job, i keep 20% as investment balance i convert some and some i do sports betting .

Yes without dump there will be no pump. Most of the traders are not enthusiast to buy coins at highest rate so in most of the cases they will do something to make it drop. Then that will be a cycle of pump and dump resulting for price increase and decrease.

And some people like bitcoin price to become accepted in most of the shops. If that will happen, expect a quite stable price in bitcoin.

equator

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Quote from: agustina2 on October 14, 2016, 09:57:09 AM

Quote from: uname on October 14, 2016, 06:20:42 AM

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

What you said is correct, if everyone just hold the bitcoins and no one will sell then how will the price will increase or decrease, until their is no trading and price fluctuations we cannot see more development in bitcoins. Their are so many country where you cannot buy anything in bitcoins so they convert in fiat currency and meet their expenses.

I am also doing the same as i am earning bitcoins weekly and this is like a salary for me doing the bitcoin job, i keep 20% as investment balance i convert some and some i do sports betting .

agustina2

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Quote from: uname on October 14, 2016, 06:20:42 AM

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

cjrosero

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Quote from: MaritiJames3 on October 14, 2016, 09:24:24 AM

Quote from: n0ne on April 09, 2016, 08:34:59 AM

Quote from: plost24 on April 08, 2016, 04:48:04 PM

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

the halving doest determine or decide the status of price of bitcoin it is the supply and demand of people.
if many people will use bitcoin in 2020 then im sure the price will increase due to popularity many people will buy, but when people wont recognize bitcoin or still not that known and offcourse the price will drop. its just a vice versa thing. not because of Halving. look at it now the halving is done and still price is still ranging from 600-700$.

GregH37

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Quote from: dEjAvU97 on October 14, 2016, 09:33:56 AM

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

one day I am sure you'll be able to do this. bitcoin will be usable in all over the world just like the fiat. but for this everyone need to support bitcoin. and adopt bitcoin. and hold bitcoin.

randy8777

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Quote from: dEjAvU97 on October 14, 2016, 09:33:56 AM

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

people that are saying that they will never spend their coins are just lying. the price that is going up is always too tempting for people to not secure any profits. that being said, if i have made some decent profits, then i am definitely securing profits from time to time. it allows me to buy back at the time the price goes down. it's smart trading.

dEjAvU97

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In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

freedomgo

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Quote from: MaritiJames3 on October 14, 2016, 09:24:24 AM

Quote from: n0ne on April 09, 2016, 08:34:59 AM

Quote from: plost24 on April 08, 2016, 04:48:04 PM

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

It takes a lot of guts to hold our bitcoins for that long period of time, although I believe that it is a good way to do in order to get a massive income when the price increase significantly that time, but I do believe only few can do that and only those who have a good financial status now.

Qunenin

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A single $600 Bitcoin may well be worth $6000, it is possible. But, sites and businesses that used their Bitcoin profits for other things are also well off. Look at a company like YoBit. Getting their start with Bitcoins sold, they are rolling in it right now. Just the fees off TX’s alone are worth it to stay in business, plus all the other services and features. Yes, hold on to Bitcoin and you will do well, at least a good bit down the line, maybe even only a year or two, two years back the coin was at $150-250, now $600.

MaritiJames3

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Quote from: n0ne on April 09, 2016, 08:34:59 AM

Quote from: plost24 on April 08, 2016, 04:48:04 PM

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

HotAmericano

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Quote from: abayan on October 14, 2016, 06:16:04 AM

Quote from: HotAmericano on October 14, 2016, 04:58:52 AM

Quote from: ?? on ??

Quote from: HotAmericano on October 14, 2016, 02:13:39 AM

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

Well we have the same dream to buy our own car but what is going to be on my no.1 list would be my own house. And that is why I keep on holding my bitcoin because I know in the future that is going to make me reach my dreams because of my patience and keep on holding. So when I see the price is already good then that is the right time to sell.

Yes, I know. But buy a car will add some additional expenses like gasoline, insurance, maintenance. And the car's price itself is become lower and lower each year. I will choose house first than car, like you Wink

.

Agree!

Unlike if you buy a house the price of that is getting higher and higher every year because of the value of it unlike the car Cheesy

I do prefer house rather than car because our house now is not really that nice thats why and i hope i can buy a house soon with the help of bitcoin

Well, good luck on hunting for the new house then Wink

uname

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Quote from: co5hike on October 12, 2016, 12:29:00 PM

Quote from: Aamir1 on October 12, 2016, 11:52:16 AM

Quote from: fatima zuhra on September 27, 2016, 12:12:22 AM

no i think i will sell my bitcoins when i fell to sell it and when the price of bitcoin reach to its maximum price, then i will sell my bitcoins and will book the profit, but presently i am really not in favour of selling my bitcoins, as to me the price of bitcoin is still increasing.

Actually everyone likes to sell their coins when the price of bitcoin grows to a good extent but not everyone can hold all their coins till that time, i also wanted to never sell my coins but i needed some money so i had to do that and now again i'm collecting and storing for future.

I don't see anything wrong in selling our coins if its giving us profits and if we have earned them then we can surely sell them as we know that we will manage to earn them back.

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

abayan

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Quote from: HotAmericano on October 14, 2016, 04:58:52 AM

Quote from: ?? on ??

Quote from: HotAmericano on October 14, 2016, 02:13:39 AM

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

Well we have the same dream to buy our own car but what is going to be on my no.1 list would be my own house. And that is why I keep on holding my bitcoin because I know in the future that is going to make me reach my dreams because of my patience and keep on holding. So when I see the price is already good then that is the right time to sell.

Yes, I know. But buy a car will add some additional expenses like gasoline, insurance, maintenance. And the car's price itself is become lower and lower each year. I will choose house first than car, like you Wink

.

Agree!

Unlike if you buy a house the price of that is getting higher and higher every year because of the value of it unlike the car Cheesy

I do prefer house rather than car because our house now is not really that nice thats why and i hope i can buy a house soon with the help of bitcoin

virasog

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Quote from: Jasad on October 14, 2016, 04:12:23 AM

Quote from: ether19 on October 14, 2016, 02:35:27 AM

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

on the other hand some people abusing bitcoin for something illegal ,
this kind people will never sell their bitcoin as long as they did not in urgent need ,
they put their fiat money in bitcoin to avoid tax .

If you think back in time and imagine being one of the first gold miners in the old west, you can picture these guys walking out of the right cave/mine with a piece of gold the size of a softball. While this was not commonplace, it was also not that rare. These hunks and smaller bits were sold in town for supplies and food and some businesses were created using these supplies of money. Casinos, saloons, farms, oil companies and others may have gotten started on the precedes from small time gold mining.

The point is that same with Bitcoin. Ten years from now, those that held on to Bitcoins will be much better off than they are today

betohell

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I think why you do not have to sell all bitcoinmu is because the current price is very potential to go up, you can see the prices continue to rise and will probably continue to rise so hang on to resist

HotAmericano

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Quote from: ?? on ??

Quote from: HotAmericano on October 14, 2016, 02:13:39 AM

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

Well we have the same dream to buy our own car but what is going to be on my no.1 list would be my own house. And that is why I keep on holding my bitcoin because I know in the future that is going to make me reach my dreams because of my patience and keep on holding. So when I see the price is already good then that is the right time to sell.

Yes, I know. But buy a car will add some additional expenses like gasoline, insurance, maintenance. And the car's price itself is become lower and lower each year. I will choose house first than car, like you Wink

.

Jasad

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= jasad =

Quote from: ether19 on October 14, 2016, 02:35:27 AM

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

on the other hand some people abusing bitcoin for something illegal ,
this kind people will never sell their bitcoin as long as they did not in urgent need ,
they put their fiat money in bitcoin to avoid tax .

Supercrypt

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Quote from: ether19 on October 14, 2016, 02:35:27 AM

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

Fluctuations and consolidation are most common with bitcoin markets, still in long term analysis we are always observing upward price surge. That must be most significant advantage of holding bitcoin in long term.
If we want to have bright future, then holding bitcoin without spending them will get us the chances of having bright financial freedom in upcoming years.

ether19

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I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

bamboylee

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Quote from: Aamir1 on October 12, 2016, 11:52:16 AM

Quote from: fatima zuhra on September 27, 2016, 12:12:22 AM

no i think i will sell my bitcoins when i fell to sell it and when the price of bitcoin reach to its maximum price, then i will sell my bitcoins and will book the profit, but presently i am really not in favour of selling my bitcoins, as to me the price of bitcoin is still increasing.

Actually everyone likes to sell their coins when the price of bitcoin grows to a good extent but not everyone can hold all their coins till that time, i also wanted to never sell my coins but i needed some money so i had to do that and now again i'm collecting and storing for future.

It depends on the need of the person holding the coins. They may be some unplanned expenses that will arise and you will have no option but spend your bitcoins. Besides, you cannot know what will be the maximum price of bitcoin will be, so dumping when the price is still high enough is okay for me as long as it is spent wisely.

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