Why You Should Never Sell Your Bitcoins Ever - page 91.

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Quote from: hermanhs09 on July 09, 2016, 10:01:05 AM

Quote from: BitcoinPaw on July 08, 2016, 05:08:23 PM

Bitcoin is very interesting currency, when you earned it, you can just wait to get profit and in 2-3 month you will get good profit for free Grin

yeah you are hundred percent right with that,because probably in 2-3 month it will rise ( it is halving today,it will surely do )
but he said about NEVER selling your bitcoins,so basically just forget about this currency,and dont convert ( Huh

?)

I have never sold any bitcoin for fiat. I just use that to buy some Ethereum or other physical goods.

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Quote from: BitcoinPaw on July 08, 2016, 05:08:23 PM

Bitcoin is very interesting currency, when you earned it, you can just wait to get profit and in 2-3 month you will get good profit for free Grin

yeah you are hundred percent right with that,because probably in 2-3 month it will rise ( it is halving today,it will surely do )
but he said about NEVER selling your bitcoins,so basically just forget about this currency,and dont convert ( Huh

?)

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Bitcoin is very interesting currency, when you earned it, you can just wait to get profit and in 2-3 month you will get good profit for free Grin

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Quote from: opossum on July 08, 2016, 11:31:08 AM

Quote from: agustina2 on July 08, 2016, 11:19:17 AM

Quote from: stromma44 on July 08, 2016, 05:39:58 AM

Exactly and if we never sell our coins then we will never experience the success of earning profits, as only holding and never selling will never allow you to make profits.

Also what is the sense for other people to dream of skyrocket if people will just intend to hold and hold and hold.

Profits are the main reason why people hold. So sell your coins if you think that the price is right to consider as high price.

Exactly only holding will never allow you to make profits, to make profits you need to buy and sell your coins regularly as you never know what future will offer.

But you should to choose the best time and the best price so that you can not lose in the future if the price is not increasing..
So its very hard to decide or to know what will be the price of bitcoin in the future because bitcoin is unpredictable..

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Quote from: agustina2 on July 08, 2016, 11:19:17 AM

Quote from: stromma44 on July 08, 2016, 05:39:58 AM

Exactly and if we never sell our coins then we will never experience the success of earning profits, as only holding and never selling will never allow you to make profits.

Also what is the sense for other people to dream of skyrocket if people will just intend to hold and hold and hold.

Profits are the main reason why people hold. So sell your coins if you think that the price is right to consider as high price.

Exactly only holding will never allow you to make profits, to make profits you need to buy and sell your coins regularly as you never know what future will offer.

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Quote from: stromma44 on July 08, 2016, 05:39:58 AM

Exactly and if we never sell our coins then we will never experience the success of earning profits, as only holding and never selling will never allow you to make profits.

Also what is the sense for other people to dream of skyrocket if people will just intend to hold and hold and hold.

Profits are the main reason why people hold. So sell your coins if you think that the price is right to consider as high price.

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Quote from: stromma44 on July 08, 2016, 05:39:58 AM

Quote from: Hatuferu on July 08, 2016, 12:41:07 AM

Quote from: Corenin on July 07, 2016, 03:18:39 AM

Quote from: alplaxxx on July 07, 2016, 03:05:26 AM

I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

We should keep ourselves engage in selling our coins when we see higher price to secure our profits, there is no use of investing in bitcoin if you are never gonna sell your coins.

It must be because our main concern on why we are here is only to make money, without selling we will not meet that goal and we will never enjoy the price of our reward in investment.

Exactly and if we never sell our coins then we will never experience the success of earning profits, as only holding and never selling will never allow you to make profits.

Of course there is a time for selling and how you are going to get profit if you are just going to hold it forever and never going to sell it.
I would say if you think that the price is already good for you.
Then you can just sell your bitcoins and you are going to get profit out of it.

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Quote from: Hatuferu on July 08, 2016, 12:41:07 AM

Quote from: Corenin on July 07, 2016, 03:18:39 AM

Quote from: alplaxxx on July 07, 2016, 03:05:26 AM

I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

We should keep ourselves engage in selling our coins when we see higher price to secure our profits, there is no use of investing in bitcoin if you are never gonna sell your coins.

It must be because our main concern on why we are here is only to make money, without selling we will not meet that goal and we will never enjoy the price of our reward in investment.

Exactly and if we never sell our coins then we will never experience the success of earning profits, as only holding and never selling will never allow you to make profits.

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Quote from: Hatuferu on July 08, 2016, 12:41:07 AM

Quote from: Corenin on July 07, 2016, 03:18:39 AM

Quote from: alplaxxx on July 07, 2016, 03:05:26 AM

I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

We should keep ourselves engage in selling our coins when we see higher price to secure our profits, there is no use of investing in bitcoin if you are never gonna sell your coins.

It must be because our main concern on why we are here is only to make money, without selling we will not meet that goal and we will never enjoy the price of our reward in investment.

That's right we can't be sure that we would never sell our coins because it is not like dollar that you can use to buy the things that you want and also use for most of your expenses. We still need to sell our coins because in that way only we can get our earned money. But if you want to use it as a secondary currency i think you need a lot of patience on waiting at least decade for you to use it as a secondary currency.

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Quote from: Corenin on July 07, 2016, 03:18:39 AM

Quote from: alplaxxx on July 07, 2016, 03:05:26 AM

I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

We should keep ourselves engage in selling our coins when we see higher price to secure our profits, there is no use of investing in bitcoin if you are never gonna sell your coins.

It must be because our main concern on why we are here is only to make money, without selling we will not meet that goal and we will never enjoy the price of our reward in investment.

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Quote from: alplaxxx on July 07, 2016, 03:05:26 AM

I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

We should keep ourselves engage in selling our coins when we see higher price to secure our profits, there is no use of investing in bitcoin if you are never gonna sell your coins.

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I should never sell my bitcoins ever because I hold it, and waiting to prize high, then if reaching my standard , that's the time I sell it , for the better, then I'm using it for the long term investment for my financial freedom and retirement.

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I'm actually going very long on bitcoin. I don't need the money i could get out of bitcoin and it gives me some form of comfort almost knowing that there's a possibility of can raise in price. If i had originally just put my money in a bank then there just isn't the same excitement you get from the swings.

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Quote from: goldcoinminer on July 06, 2016, 10:08:15 PM

Quote from: ?? on ??

Quote from: thejaytiesto on July 06, 2016, 07:01:15 AM

Once we reach 10000, the volume will be big enough to sustain bill sellouts, so the price might recover very fast and keep climbing, so all those people that sell at 10000 thinking they are making the deal of their life, will cry in regret as they see the price continues climbing to 100k+.

Well you have the point but for me that is already a good price if bitcoins price is going to be at $10,000. But of course in able to prepare on what are going to be happen in the future then I'm going to allot a fund for future use.
So that if the price climbs to 100k+ then I'm still in.

We need to allocate some funds from our savings, that just make sense why we are staying here in the crypto world, we need to participate and to prove that we believe in bitcoin we need to risk some funds for investment.

Holding of bitcoins is just like saving of money in real life. The thing is you are just saving it in digital currency here in crpyto world.
Many will not understand it.
But if you are already in crypto currency you are going to understand it easily.

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Quote from: ?? on ??

Quote from: thejaytiesto on July 06, 2016, 07:01:15 AM

Once we reach 10000, the volume will be big enough to sustain bill sellouts, so the price might recover very fast and keep climbing, so all those people that sell at 10000 thinking they are making the deal of their life, will cry in regret as they see the price continues climbing to 100k+.

Well you have the point but for me that is already a good price if bitcoins price is going to be at $10,000. But of course in able to prepare on what are going to be happen in the future then I'm going to allot a fund for future use.
So that if the price climbs to 100k+ then I'm still in.

We need to allocate some funds from our savings, that just make sense why we are staying here in the crypto world, we need to participate and to prove that we believe in bitcoin we need to risk some funds for investment.

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Quote from: serjent05 on July 06, 2016, 07:04:46 AM

Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

Pretty much well said but the problem is if you are in need of money, won't you convert/sell your Bitcoin to cash? I agree that spending it to buy goods is reasonable enough not to sell it because of the devaluation of cash, and of course the fee that it will cost you. But things doesnt go as we planned. There are cases where you really need money badly and you don't have anything but your stash of Bitcoin. (We are assuming that store near you don't accept bitcoin even establishments don't accept bitcoin) So another question arise, won't you sell your Bitcoin if you are badly in need of cash?

He is pointing that if price will reached $10,000, fiat is now useless or should I say undervalued and I believe in that if ever that will happen. No way the price will hit $10,000 without any bad news associated in the fiat. Around $1k to $4k is good but reaching for $10,000 is not a good news to hear.

So if ever that will happened, people will use it's bitcoin directly to those shops since it has a fiat value of $10,000 value.

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Quote from: Red-Apple on July 06, 2016, 06:44:11 AM

Quote from: eddyubachs on July 06, 2016, 04:48:37 AM

Quote from: goldcoinminer on July 06, 2016, 12:12:03 AM

Quote from: tabas on July 05, 2016, 06:38:00 PM

Quote from: universe_ on July 05, 2016, 06:32:39 PM

Quote from: GamingBro on July 05, 2016, 03:27:05 PM

At my opinion people should sell bitcoin if price is enough for them, cause if you are waiting everytime for something, you will never get a good resaults.

but why sell it if they can easily make a lot of money over time with buying it right now and then selling for even bigger prices? i think no one should sell right now in order to earn more later

Definitely, it is not really a good thing to sell out your bitcoins today. As a matter of fact many are holding today and only waits for the price increase.
And if you are already holding bitcoins.
That is way better and if you are able to buy more go buy because when the price moved up you are going to get profit out of it.

Yeah, but does not mean that we should never ever sell our bitcoins because we would not experience the fruits of our success. I believe the price will increase not just $1,000 but we could hit like $10,000 in the near future so holding is very important.

Why you want to hold it reaches to $10k, why don't you sell some of your coins at $1k price and grab the profits as you always have an opportunity to buy it again when price drops.

a lot of people are waiting for a huge price to sell at. 10000 is one of those prices. i don't like this by the way, it is not good to believe in something unreal you have to think realistically. for example $1000 is so much more realistic than the higher prices so i would sell "some" there.

Yes $1k is possible to achieve in this year and majority of users are waiting to see that price so that they can sell their coins and grab some huge profits.

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Quote from: BitProdigy on July 19, 2015, 09:43:04 PM

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?

Pretty much well said but the problem is if you are in need of money, won't you convert/sell your Bitcoin to cash? I agree that spending it to buy goods is reasonable enough not to sell it because of the devaluation of cash, and of course the fee that it will cost you. But things doesnt go as we planned. There are cases where you really need money badly and you don't have anything but your stash of Bitcoin. (We are assuming that store near you don't accept bitcoin even establishments don't accept bitcoin) So another question arise, won't you sell your Bitcoin if you are badly in need of cash?

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Once we reach 10000, the volume will be big enough to sustain bill sellouts, so the price might recover very fast and keep climbing, so all those people that sell at 10000 thinking they are making the deal of their life, will cry in regret as they see the price continues climbing to 100k+.

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Quote from: eddyubachs on July 06, 2016, 04:48:37 AM

Quote from: goldcoinminer on July 06, 2016, 12:12:03 AM

Quote from: tabas on July 05, 2016, 06:38:00 PM

Quote from: universe_ on July 05, 2016, 06:32:39 PM

Quote from: GamingBro on July 05, 2016, 03:27:05 PM

At my opinion people should sell bitcoin if price is enough for them, cause if you are waiting everytime for something, you will never get a good resaults.

but why sell it if they can easily make a lot of money over time with buying it right now and then selling for even bigger prices? i think no one should sell right now in order to earn more later

Definitely, it is not really a good thing to sell out your bitcoins today. As a matter of fact many are holding today and only waits for the price increase.
And if you are already holding bitcoins.
That is way better and if you are able to buy more go buy because when the price moved up you are going to get profit out of it.

Yeah, but does not mean that we should never ever sell our bitcoins because we would not experience the fruits of our success. I believe the price will increase not just $1,000 but we could hit like $10,000 in the near future so holding is very important.

Why you want to hold it reaches to $10k, why don't you sell some of your coins at $1k price and grab the profits as you always have an opportunity to buy it again when price drops.

a lot of people are waiting for a huge price to sell at. 10000 is one of those prices. i don't like this by the way, it is not good to believe in something unreal you have to think realistically. for example $1000 is so much more realistic than the higher prices so i would sell "some" there.

Topic: Why You Should Never Sell Your Bitcoins Ever - page 91. (Read 270173 times)