Why You Should Never Sell Your Bitcoins Ever - page 84.

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Quote from: Corenin on August 19, 2016, 12:15:39 PM

Quote from: fireball4 on August 19, 2016, 11:41:31 AM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

well as for me personally bitcoin is the only investment so i would do everything that i wouldnt have to spend it all any time in the near future

If you will never spend in future then what is the purpose of investing your money in it, as one day you will die and your coins will remain idle in your wallet with no use.

Yeah you have the point so its useless if you are just holding it and if you die what will happen to your bitcoin useless. Better be happy while you are spending your bitcoins to your goal or dream.. holding bitcoins for a long time is a kind of lazy style..

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Quote from: fireball4 on August 19, 2016, 11:41:31 AM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

well as for me personally bitcoin is the only investment so i would do everything that i wouldnt have to spend it all any time in the near future

If you will never spend in future then what is the purpose of investing your money in it, as one day you will die and your coins will remain idle in your wallet with no use.

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Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

well as for me personally bitcoin is the only investment so i would do everything that i wouldnt have to spend it all any time in the near future

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Quote from: goldcoinminer on August 19, 2016, 08:58:08 AM

Quote from: umaOuma on August 19, 2016, 08:47:32 AM

Quote from: sulendra12 on August 19, 2016, 08:19:23 AM

Quote from: klf on August 19, 2016, 07:46:28 AM

Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment?
As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs.

If price reaches to your desired level then I think you should sell your coins and secure the profits as if you will never sell your coins then you will never be able to get returns on your investments.

That's pretty simple because only people with mental disability will never sell his bitcoins even if he sees an opportunity to make a profit. The same goes with not spending your money to get and experience its value. Money should be spent because we cannot take that when we passes away in this world.

So much greed that's why people tend to keep waiting even when there is a clear profit. In the history bitcoin price, no such thing that the price sits for long time to the price we considered as "high".

It's just fine to hold more but also remember that a big increase always associated with big price decrease.

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Quote from: goldcoinminer on August 19, 2016, 08:58:08 AM

Quote from: umaOuma on August 19, 2016, 08:47:32 AM

Quote from: sulendra12 on August 19, 2016, 08:19:23 AM

Quote from: klf on August 19, 2016, 07:46:28 AM

Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment?
As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs.

If price reaches to your desired level then I think you should sell your coins and secure the profits as if you will never sell your coins then you will never be able to get returns on your investments.

That's pretty simple because only people with mental disability will never sell his bitcoins even if he sees an opportunity to make a profit. The same goes with not spending your money to get and experience its value. Money should be spent because we cannot take that when we passes away in this world.

Yeah and if you are earning it then you should spend it too, whats' the purpose of keeping them simply idle in your wallet, and if you do then your coins will have no value.

goldcoinminer

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Quote from: umaOuma on August 19, 2016, 08:47:32 AM

Quote from: sulendra12 on August 19, 2016, 08:19:23 AM

Quote from: klf on August 19, 2016, 07:46:28 AM

Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment?
As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs.

If price reaches to your desired level then I think you should sell your coins and secure the profits as if you will never sell your coins then you will never be able to get returns on your investments.

That's pretty simple because only people with mental disability will never sell his bitcoins even if he sees an opportunity to make a profit. The same goes with not spending your money to get and experience its value. Money should be spent because we cannot take that when we passes away in this world.

umaOuma

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Quote from: sulendra12 on August 19, 2016, 08:19:23 AM

Quote from: klf on August 19, 2016, 07:46:28 AM

Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment?
As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs.

If price reaches to your desired level then I think you should sell your coins and secure the profits as if you will never sell your coins then you will never be able to get returns on your investments.

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Quote from: klf on August 19, 2016, 07:46:28 AM

Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment?
As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs.

klf

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Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments.

blackmachinegun

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Quote from: chachaa on August 18, 2016, 10:34:36 PM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

To date, the price has not yet reached its peak, so it is not wise to sell their bitcoin. Perhaps the end of the year, all will be clear from the value of the currency level.

I think if you expect the price to be towards the top it is a false hope? How do you think the price range. bitcoin prices including prices peak? I think the price is high depends on each person. if he bought at a low price ie $ 400. perhaps now is including high prices

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Quote from: drwtsn32 on August 19, 2016, 04:59:08 AM

If you don't ever sell your bitcoins, what is the use of saving it in the first place?
You know, we save because we know we will need it someday.
A more appropriate statement must be "I will never sell my bitcoins until..."

Well look like others just want to see the price increase and will never do such action.

Let's say price reached $2000, they will just watched it and because of greediness in earning lot more they will still wait for another price pump but eventually it doesn't happen and the price fall back to $1000. And then again and again they will not sold their coins and just keep extending their precious time to just wait. 50 years and counting still no earnings.

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If you don't ever sell your bitcoins, what is the use of saving it in the first place?
You know, we save because we know we will need it someday.
A more appropriate statement must be "I will never sell my bitcoins until..."

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Quote from: BossMacko on August 19, 2016, 12:30:15 AM

I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

Everyone have their own methods to hold bitcoins, But i want to suggest you, bitcoins mean crypto currency, and crypto means, by chance price up and suddenly price down, so if you are holding bitcoins than use it in his own way, i mean hold it and look when its price rise up than sell it and also look when bitcoin's price down than buy it. So in short don't need to hold bitcoins for long term.

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Quote from: MTBTT on August 19, 2016, 12:54:05 AM

Quote from: chachaa on August 18, 2016, 10:34:36 PM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

To date, the price has not yet reached its peak, so it is not wise to sell their bitcoin. Perhaps the end of the year, all will be clear from the value of the currency level.

I think do not need to wait too long until the end of the year. I'm sure in the near future or the past few weeks the price of bitcoin will pump. maybe the price will be more than $ 750

It will happen mate but I cannot guarantee the exact date of its happening. We should just sit back and hold steady and do not let yourself affected with the recent price fall back as bitcoin can still recover and will start to rise.

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Quote from: chachaa on August 18, 2016, 10:34:36 PM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

To date, the price has not yet reached its peak, so it is not wise to sell their bitcoin. Perhaps the end of the year, all will be clear from the value of the currency level.

I think do not need to wait too long until the end of the year. I'm sure in the near future or the past few weeks the price of bitcoin will pump. maybe the price will be more than $ 750

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I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.

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Quote from: chachaa on August 18, 2016, 10:34:36 PM

Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

To date, the price has not yet reached its peak, so it is not wise to sell their bitcoin. Perhaps the end of the year, all will be clear from the value of the currency level.

Well wise people are going to keep on holding until the price is going to satisfy them so that's why it is better if you are going to keep on holding that the price is going to give you satisfaction. So that if the price suddenly increases and you still hold the bitcoin for sure you are going to get some good profit out of it.

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Quote from: tabas on August 18, 2016, 09:51:07 PM

Quote from: Schuyler on August 18, 2016, 09:43:53 PM

Quote from: Doamader on August 15, 2016, 09:59:37 AM

Quote from: lienfaye on August 15, 2016, 08:43:42 AM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

Thats right, holding of bitcoins is good even for long term because there is a chance that the value can increase again in the future but i think spending in trading is a wise idea too because you can earn from it as well while holding some of your bitcoins.

Bitcoin has a great value for invest as well for savings, but bitcoin need to keep the coins circulating to keep it valuable and in the next years bitcoin will show off again. Sometimes we must invest to collect ahead the profits, otherwise the coins will be frozen and without any result besides the volatility around bitcoin.

Better to just divide your bitcoins and allocate some for spending, some for saving, some for trading. Circulation is a good thing but there are still a lot of factors that hinder the average user from using it on a daily basis. If a few years from now bitcoin transactions become faster, I am sure it will attract more users and establishments, which I hope leads to mass adoption.

Well if you are not going to allocate your bitcoin and you are going to hold forever then you are not going to earn if you are just going to keep on holding. And if you are not going to sell you are not going to help the adoption of bitcoin and you are not going to contribute anything to the ecosystem of bitcoin.

Agree , everyone must not hold their bitcoin for so long they must let it circulate in the way that they sell their bitcoins or make some investment so that the movement of bitcoin would be progressive and wouldnt be stagnant for soo long. as i believe there are lots of users holding much bitcoin as of now.

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Quote from: uname on August 18, 2016, 10:19:55 PM

Quote from: outatime1 on August 14, 2016, 08:51:54 PM

I agree that we should hold on to some of our bitcoins as a long term investment, but I don't see a problem with using some for investing and trading. Also, spending it can help promote bitcoin at places of business.

I think it depends on your condition at that time and depending on the price at that time. if you really need the money and the current price is quite large. why do not you sell it?

To date, the price has not yet reached its peak, so it is not wise to sell their bitcoin. Perhaps the end of the year, all will be clear from the value of the currency level.

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A circulation of BTC will get affected by holding a large coin for example 10BTC

It will increase the BTC value if some of bitcoin users are only holding their coins and waiting for dump in fiat currency. it will increase fast but it will also decrease the value faster, nevertherless I like holding coins it feels like a hundreds of a millions in my own currency though.

Topic: Why You Should Never Sell Your Bitcoins Ever - page 84. (Read 270173 times)