Why You Should Never Sell Your Bitcoins Ever - page 73.

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Quote from: Alauria on October 12, 2016, 09:44:29 AM

Quote from: Sandroxa on October 04, 2016, 02:35:18 AM

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.

Some people say that you should never sell your Bitcoin because they thin that in the future the Bitcoin value is going to be off the charts.
I am not sure on what to believe I am being realistic and sees what will happen the upcoming years.

Why wait for so much long if we can take advantage of the price fluctuations. It's more wiser way to get profits than waiting for more years to see a good profit.

Just learn how to play with the markets and you will see how progressive it was.

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Quote from: Sandroxa on October 04, 2016, 02:35:18 AM

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.

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.

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Quote from: Sandroxa on October 04, 2016, 02:35:18 AM

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.

Some people say that you should never sell your Bitcoin because they thin that in the future the Bitcoin value is going to be off the charts.
I am not sure on what to believe I am being realistic and sees what will happen the upcoming years.

Sandroxa

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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.

mace15

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The other reasons why they never sell bitcoins ever is
that holding on the price become higher. When the price
become higher bitcoin users already sell the coins were
they already gained profit.

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Quote from: Backside walkaround on September 27, 2016, 08:25:13 PM

I'm tired of selling, and I've sold more bitcoin than I should have. It's silly, because I'm really a bitcoin bull at heart. As far as not selling *ever*, there will come a time to sell. There always will, even if you're a buy and hold investor like W. Buffett. It's smart to take your profit sometimes, or cut your losses.

The difference is that Buffet invests in businesses that generate cash and become more valuable because of that. He does not invest in speculative assets, which bitcoin is definitely one of. There is a lot more reason to never sell a legitimate cash-producing asset than there is for a speculative asset like crypto.

doraemon1

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Actually i am not in favour that we should never sell our bitcoins ever and i think only some rare peoples doing this.For me i use bitcoin as a normal currency and i need to sell my earned bitcoins because i need fiat in real life for my expensed,to buy some stuffs or rather i directly use bitcoins online paying my bills.

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Quote from: Backside walkaround on September 27, 2016, 08:25:13 PM

I'm tired of selling, and I've sold more bitcoin than I should have. It's silly, because I'm really a bitcoin bull at heart. As far as not selling *ever*, there will come a time to sell. There always will, even if you're a buy and hold investor like W. Buffett. It's smart to take your profit sometimes, or cut your losses.

If you bought some bitcoin in the last 12 to 18 months, you have made good profits. It is better to be patient.

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I'm tired of selling, and I've sold more bitcoin than I should have. It's silly, because I'm really a bitcoin bull at heart. As far as not selling *ever*, there will come a time to sell. There always will, even if you're a buy and hold investor like W. Buffett. It's smart to take your profit sometimes, or cut your losses.

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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.

I also wish that I could sell my bitcoin at the highest price, but I do not know what the price of the maximum price for bitcoin, because sometimes I'm wrong sell my bitcoin, after I sold it prices rose more slowly, yeah it often happened to me. I would now have to be more patient

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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.

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Quote from: mirakal on September 27, 2016, 01:04:48 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.

It is good to sell your bitcoin when you are making a profit already but you need to have a concrete plan and when the time comes that you see your desired price, you should sell it directly and do not be greedy if you do not want to end up losing or having a small profit.

it is not here any matter of became greedy . it is a timing of getting profit by selling own btc . if he is getting a better profit even again after a long wait of time than he should like me . i am.here also not in favour of selling btc because in my opinion the price of bitcoin are still leaa and will increase soon .

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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.

It is good to sell your bitcoin when you are making a profit already but you need to have a concrete plan and when the time comes that you see your desired price, you should sell it directly and do not be greedy if you do not want to end up losing or having a small profit.

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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.

I think of course everyone wants to sell their bitcoin at the highest price. but I think everyone will not know when prices will stop rising and then down. if people know about it, of course there is no risk in investing in bitcoin, you must have a keen instinct to sell bitcoin

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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.

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Quote from: takingthis4 on September 26, 2016, 03:00:53 PM

Quote from: crypto.james on September 26, 2016, 04:25:31 AM

as the price is going up , its not good choice to sel btc now

of course it is not the best idea to be selling your bitcoins now, i think it would be way better to just buy more of it

Buying is always the best option nowadays, bitcoin is the most wonder crypto currency even created that's why no wonder it has millions of supporters and growing, we will surely be popular in the world and massive adoption will happen, it could happen that we do not need fiat and we will just rely our bitcoins to transact.

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Quote from: crypto.james on September 26, 2016, 04:25:31 AM

as the price is going up , its not good choice to sel btc now

of course it is not the best idea to be selling your bitcoins now, i think it would be way better to just buy more of it

STT

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wow that is such a succinct picture and totally on point correct. People have trouble overcoming the default state in their brains, everything they have known upto that point. Dollars dont define value, some day they might have no value at all.

Ive heard people describe gold in this way again its a hard point to get accepted or for people to consider real but it is probably true right now. Every time you hear, oh gold went up 50 dollars today so its more expensive. What just happened really is gold, that inert yellow blob that sits does nothing, rusts not at all and isnt used alot just exists for centuries in rarity but desired value; that value of gold didnt change at all. When gold goes up 50 dollars, the true meaning is the gold stayed the same value its had for years and dollars are worth less today.
Same thing may occur in bitcoin and that will be a matrix moment, pivotal to its monetary velocity I think as the less people wanting or needing to convert back to dollars means bitcoin as a monetary base grows larger

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I agree with your point that when you can purchase directly in bitcoins,why to convert it into fiat which may loose its value one day.
When you follow this method, since you hold bitcoins, when its price raises, your investment also increases.
the only problem is that everything cannot be bought by bitcoins.

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Quote from: Mastsetad on September 26, 2016, 10:30:42 AM

Quote from: terman45x on September 26, 2016, 05:02:26 AM

It won't be profitable to not to sell bitcoins at any point of time, I would surely sell them when price goes higher and allowing me to make some descent profits from it.

Thats exactly what i will do too, because i feel being too greedy always costs you so if you don't sell them when the price is reasonable by thinking that you will earn more profits later when the price goes higher and suddenly price drops back from where it was before and all the profit you could earn is gone now.

Yeah that is the case when you prefer to hold them for a long time and do not sell even when price is higher and allowing you to make profits and then price drops which will make you to wait again longer to earn profits.

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