Topic: Why You Should Never Sell Your Bitcoins Ever - page 92. (Read 270139 times)

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.

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.

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

You will hold your coins forever? Then what's the use of your bitcoin? Just a design in your wallet?

Let's say in a year, there are big fluctuations that always happen. The price increase is really. You will just sit and will do nothing to take part of it?

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.

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?

You need to hold your bitcoins for ever because that will only give you the best profit you need you know. It is not good if everyone is holding their coins but just
you is not the problem but i know for sure that there are to many people are holding.

How exactly to determine whether the price is high enough to start selling? I think it's not so easy to do if not impossible at all. No one can tell when the price rising will stop, so you might sell all your coins and regret this decision in the future.

If I is not selling my bitcoin, only I hold the bitcoin until the bitcoin prices high, then I sold it.

Exactly and its always good to sell your coins when you can make profits from it and that is the best way to play with bitcoin, it would be really stupid if you are not making profits from it by not selling it ever.

Exactly, holding too long can be risky as we are not sure about the price in future, but if it allowing you to make profits at certain point then you should sell your coins and grab the profits.

Of course you need to put range on when you are going to sell your bitcoins. But we can't that is also applicable that you need to hold it for a long time if you think that bitcoin is on its continuous growth.

I am quite surprised reading the subject line itself which says dont sell ever. Okay what if I holded and finally came to know ban by government and market is down and if I have to sell then its in loss so should I still hold it?

What if value itself goes down thinking I need to hold for ever and marker takes 5 years to come to my buying rate and in between I require money then?

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?

Only fools with hold their bitcoins forever, you will die with your bitcoins is that is the case. Short term and long term investment is all the same when the have reach the goal already.