Topic: Why You Should Never Sell Your Bitcoins Ever - page 72. (Read 270173 times)
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.
One of the most profitable, but least stable and predictable ways of earning bitcoins is to buy and long-term storage for the purpose of selling after a significant growth rate.
Also, as an option,trade on the bitcoin exchange rate difference between the exchanges.
This method is the right approach even more interesting than the previous one. It was observed that the rate of bitcoin on different exchanges can be very different. And if today on one exchange is higher than the other, then tomorrow the situation may change the opposite way.
Also, as an option,trade on the bitcoin exchange rate difference between the exchanges.
This method is the right approach even more interesting than the previous one. It was observed that the rate of bitcoin on different exchanges can be very different. And if today on one exchange is higher than the other, then tomorrow the situation may change the opposite way.
It is quite profitable to take advantage of the price diffierence between exchanges and trade. But you have to act quickly.
Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.
Everytime I need to sell my bitcoin for buying something I always sell half of my bitcoins and hold another half in my wallet, because as you said bitcoin have a good scope to grow up in future and give great profit.. so holding some bitcoin always preferred.
Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.
Every time that you can see profit it is good to sell your bitcoin since we are here to have income why you do not sell if you can gain profit in the price of bitcoin, you do not sell your coins if the price is too low base on the price at the time of your investment.
Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.
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?
One of the most profitable, but least stable and predictable ways of earning bitcoins is to buy and long-term storage for the purpose of selling after a significant growth rate.
Also, as an option,trade on the bitcoin exchange rate difference between the exchanges.
This method is the right approach even more interesting than the previous one. It was observed that the rate of bitcoin on different exchanges can be very different. And if today on one exchange is higher than the other, then tomorrow the situation may change the opposite way.
Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.
That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.
There is no need to make profit by selling the bitcoin. You can just use the bitcoin to buy things directly.
Can you tell us where we can spend our coins directly to buy anything, I don't have any place where I can spend them and every time when I am satisfied with price, I sell them and use them in shopping.
Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.
That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.
There is no need to make profit by selling the bitcoin. You can just use the bitcoin to buy things directly.
I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.
I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.
Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.
That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.
I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.
I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.
Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.
I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.
I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.
Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.
I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.
I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.
Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.
I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.
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.
It is better to use the bitcoin to buy things if it is more convenient for you as it will help the bitcoin economy.
Yeah its always good to make efforts in multiplying our coins to get higher and profitable benefits in future and to take price higher in future, circulating them is mandatory or else price will get saturated in future.
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.
It is better to use the bitcoin to buy things if it is more convenient for you as it will help the bitcoin economy.
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.
It is better to use the bitcoin to buy things if it is more convenient for you as it will help the bitcoin economy.
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.
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.
Many people say that you should never sell your bitcoin because the price in the future is going to be worth not selling at the moment.
I do not think that selling at the moment is wrong because maybe Bitcoin would die and you have sold nothing then you have wasted your time.
I do not think that selling at the moment is wrong because maybe Bitcoin would die and you have sold nothing then you have wasted your time.
If you are making profits with current price then there is nothing wrong in selling them and instead of listening to others you should follow your gut feeling and if you never sell your coins then you will never enjoy the profits.
If all your after is the profit in dollars then you can sell whenever you have profit and buy again when the price is low, rinse, repeat. But if you believe in bitcoin and not just because of the price, then you will keep your bitcoin so you'll have coins when the primary currency is bitcoin.
I honestly think that never is also not so good but that the fact is that we should hold it for a long term due to the fact its the future of the currency's.
It will grow a lot more and will get more interesting for sure..
It will grow a lot more and will get more interesting for sure..
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