Why You Should Never Sell Your Bitcoins Ever - page 97.

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Quote from: torrentheaven on June 21, 2016, 05:30:42 AM

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Quote from: BitProdigy on July 19, 2015, 10:48:08 PM

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

Some people say that you should never sell your Bitcoin because of the fact that they believe that in the future the price is going to be higher then ever. I think think that in the mean time you should sell if you get the chance.

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.

You can just feel the profits of holding too long if you are in the possession of really lots of coins. If you only hold at least BTC1 then you won't feel much the profits. Holding is just meant for people with lots of coins.

Bitcoin price has an active price volatility and we saw that many times. So better take closely with the price than to hold long.

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Quote from: praprata on June 21, 2016, 05:22:31 AM

Quote from: BitProdigy on July 19, 2015, 10:48:08 PM

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

Some people say that you should never sell your Bitcoin because of the fact that they believe that in the future the price is going to be higher then ever. I think think that in the mean time you should sell if you get the chance.

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.

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Quote from: BitProdigy on July 19, 2015, 10:48:08 PM

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

Some people say that you should never sell your Bitcoin because of the fact that they believe that in the future the price is going to be higher then ever. I think think that in the mean time you should sell if you get the chance.

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Quote from: MWesterweele on June 12, 2016, 01:30:52 AM

I think why should people never sell bitcoins is it is a long term investment program.It makes huge profits for holding it long time and exchanging it to fiat.Like in 2009 in jist $1 you can buy 100 bitcoins or highet now $1 jist cost 0.002 btc.See the difference so you must hold it because its price is developing and rising

I still keep the bitcoin I bought in the middle of last year. I will only sell when there is a big bubble, like the one in 2013.

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I think why should people never sell bitcoins is it is a long term investment program.It makes huge profits for holding it long time and exchanging it to fiat.Like in 2009 in jist $1 you can buy 100 bitcoins or highet now $1 jist cost 0.002 btc.See the difference so you must hold it because its price is developing and rising

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Quote from: fearlesscat10 on June 11, 2016, 08:16:28 AM

Quote from: DeDordtenaar on June 11, 2016, 07:30:49 AM

Quote from: n3o111 on June 10, 2016, 12:55:41 PM

Fair argument, but I think when most people say they'd sell they're bitcoins if the value of bitcoin reaches a certain point they're meaning that the value of fiat has stayed relatively the same. I don't think people would sell their bitcoin for $10,000, if said $10,000 only bought you a #1 from McDonalds. I think most people saying that would be what they would sell there bitcoin at in terms of todays "value" of money.

people have a target for the prices they are headed. of course would be greater than the price before they buy? I'm not sure someone will be strong to wait until the price of $ 10k to sell their bitcoin. it is something that is useless. they would sell their bitcoin when they see the price of bitcoin high

But everyone's definition of a "high" price is relative. But I think that $10k is possible, maybe just not this year, but maybe within the next 5 years. And 5 years isn't really a long time for that kind of profit.

Do you think that would possible for the next 5 years, with that price I could already think that majority of the people are already adopting bitcoins that time. That is too high for me but I would love to see that price so we are all happy here.

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Quote from: DeDordtenaar on June 11, 2016, 07:30:49 AM

Quote from: n3o111 on June 10, 2016, 12:55:41 PM

Fair argument, but I think when most people say they'd sell they're bitcoins if the value of bitcoin reaches a certain point they're meaning that the value of fiat has stayed relatively the same. I don't think people would sell their bitcoin for $10,000, if said $10,000 only bought you a #1 from McDonalds. I think most people saying that would be what they would sell there bitcoin at in terms of todays "value" of money.

people have a target for the prices they are headed. of course would be greater than the price before they buy? I'm not sure someone will be strong to wait until the price of $ 10k to sell their bitcoin. it is something that is useless. they would sell their bitcoin when they see the price of bitcoin high

But everyone's definition of a "high" price is relative. But I think that $10k is possible, maybe just not this year, but maybe within the next 5 years. And 5 years isn't really a long time for that kind of profit.

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Quote from: ?? on ??

it's only a finance project as I regard.

Yes it is a finance project since then, but now it is already implemented and use in the whole word. So, it means it has value.
And of course the price will increase the longer time it goes. So hold out your coins and wait for the price that will satisfy you.

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Quote from: n3o111 on June 10, 2016, 12:55:41 PM

Fair argument, but I think when most people say they'd sell they're bitcoins if the value of bitcoin reaches a certain point they're meaning that the value of fiat has stayed relatively the same. I don't think people would sell their bitcoin for $10,000, if said $10,000 only bought you a #1 from McDonalds. I think most people saying that would be what they would sell there bitcoin at in terms of todays "value" of money.

people have a target for the prices they are headed. of course would be greater than the price before they buy? I'm not sure someone will be strong to wait until the price of $ 10k to sell their bitcoin. it is something that is useless. they would sell their bitcoin when they see the price of bitcoin high

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Quote from: _nur on June 11, 2016, 02:35:37 AM

i read the 21 million limit can be increase no?

Well 21 million volume of bitcoin will never be increase, it is already published that it is only limited for 21 million.
And if they are going to increase the limit of it, maybe the value of it in the price market cap will just decrease.

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Quote from: _nur on June 11, 2016, 02:35:37 AM

i read the 21 million limit can be increase no?

It can be increased, but it will never happen. If this is going to happen then Bitcoin is becoming more and more like fiat money where the value is only decreasing in the long term. That's why Bitcoin has a fixed coin cap. It's something that should never be messed with.

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Quote from: _nur on June 11, 2016, 02:35:37 AM

i read the 21 million limit can be increase no?

There is no plant to increase the 21 million limit. I do not think it will be increased. It will devalue the coin a lot.

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i read the 21 million limit can be increase no?

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Quote from: praprata on June 08, 2016, 11:37:35 AM

You should never sell your bitcoins because its simply just not smart at all you will lose a lot of money if you do this honestly, so I think selling your bitcoins is not smart with the halving...

Well if you do not have a lot of money and you really need it selling can be done right now of course.
If this is not the point holding is way better because the price is gonna rise for sure.

yes if people who really hold in the long term and never sell, it includes people who have a lot of money. so they do not care when the price is low or high, and it will still hold up to really see the highest price like $10k maybe Cheesy

They want this of course but I think there are also gonna be a lot of people that will be holding it too long till the bitcoin will go to a lower point and than they are gonna lose a lot of profit..

I think only business online related in bitcoin are holding it for a longtime.. unlike traders they are just buy and sell .. also people are believing in bitcoin that they can make more profit one the price is increase.. and now they are waiting for block halving and wait for huge jump o the price this coming block halving..

bitcoin prices are very volatile, so it is better to make a profit from trade with taking short term, rather than hold for a very long time.

Yes you can trade them and get profits side by side and re-purchase them. But for those who dont have time to do all this trading or those who are not so business oriented, i would prefer for them to just save the coins in the cold storage and wait for 5 years. The price will be enormous and they will get benefit without doing anything.

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Quote from: Hatuferu on June 10, 2016, 11:34:07 PM

Quote from: Mvaporis1961 on June 10, 2016, 08:32:03 PM

You can hold your bitcoin for a long time is a good choice but not to sell your bitcoin ever? i think it's a bad move to do.

If you are not selling your bitcoins then you would not experience the profit of your investment. As long as we see already that we are gaining a good profit from our investment, I think it is the best time to sell and let a portion to hold in the future.

How would you know how much to sell and how much to hold? You can never be sure that the portion you leave for the future will attain the same or greater profit than the portion you already sold.

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Quote from: Mvaporis1961 on June 10, 2016, 08:32:03 PM

You can hold your bitcoin for a long time is a good choice but not to sell your bitcoin ever? i think it's a bad move to do.

If you are not selling your bitcoins then you would not experience the profit of your investment. As long as we see already that we are gaining a good profit from our investment, I think it is the best time to sell and let a portion to hold in the future.

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You can hold your bitcoin for a long time is a good choice but not to sell your bitcoin ever? i think it's a bad move to do.

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I am gonna sell my coins anyway, price nowdays is high enough to sell, better not get 1 more dollar than get nothing i think. Very greedy people will be punished i think Grin

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Everyone that I know who bought Bitcoin and then sold, has ended up regretting selling their bitcoins. Of course, unless you where unlucky enough to buy at the last peak, but even those people that bought at 1200 dollars will eventually regret selling in a year or two.

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