Why You Should Never Sell Your Bitcoins Ever

[Next BillG]

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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[1Referee]

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.

[tabas]

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.

[DeDordtenaar]

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

[tabas]

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.

[fearlesscat10]

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.

[Hatuferu]

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.

[MWesterweele]

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

[Next BillG]

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.

[praprata]

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.

[torrentheaven]

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.

[chaser15]

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.

[Corenin]

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.

Yeah and if you have less number of coins then you should sell it when it is allowing you to make profits, either higher or lower, profit is a profit.

[BitsandBites]

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.

You have to sell your coin when you think that you can make a lot of profit with it and that is only possible if you are patience and not greedy.
And it is important to find the right moment to sell it and that can be nice.

[JessicaSe]

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.

You have to sell your coin when you think that you can make a lot of profit with it and that is only possible if you are patience and not greedy.
And it is important to find the right moment to sell it and that can be nice.

If price goes higher then actual  price at you bought your coins in the past then I think you should definitely sell your coins and secure the profits.

[semihyesilyurt]

I want to say this to the OP,if you agree that if bitcoin reaches $10,000 and it's a big "if" then you expect many online stores like amazon would be accepting bitcoins and you would just buy things with bitcoins instead of selling for fiat,my question to you is what will be the issue if you just sell it at 10k? Fiat may give you more options then bitcoin in future too as we can never make everyone use bitcoin especially the uneducated people..right?

[stromma44]

I want to say this to the OP,if you agree that if bitcoin reaches $10,000 and it's a big "if" then you expect many online stores like amazon would be accepting bitcoins and you would just buy things with bitcoins instead of selling for fiat,my question to you is what will be the issue if you just sell it at 10k? Fiat may give you more options then bitcoin in future too as we can never make everyone use bitcoin especially the uneducated people..right?

That's true its really difficult to convince and motivate uneducated people to start using bitcoin, and the fact is even educated people hesitate in investing their money in bitcoin as they have fear of loosing.

[Maslate]

I want to say this to the OP,if you agree that if bitcoin reaches $10,000 and it's a big "if" then you expect many online stores like amazon would be accepting bitcoins and you would just buy things with bitcoins instead of selling for fiat,my question to you is what will be the issue if you just sell it at 10k? Fiat may give you more options then bitcoin in future too as we can never make everyone use bitcoin especially the uneducated people..right?

That's true its really difficult to convince and motivate uneducated people to start using bitcoin, and the fact is even educated people hesitate in investing their money in bitcoin as they have fear of loosing.

Only people who have an open minded will understand and embrace bitcoins, we are all risk takers here and we are playing the risk that is why we are deserving to be rewarded in the near future when we gain the trust of majority of people and when they will totally that is the start of our profit because the price will increase eventually.

[Jmild1]

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.

It's still profitable for people who hold 1 bitcoin if they bought or atleast earn the amount when the value is running around $100. Imagine if they hold that too long and the price of bitcoin goes to 5digits, they can profit more than 10x on it.

[elobizph]

I will never sell my bitcoin because im waiting for the right time to sell and my hold bitcoin is not enough to buy what im target to buy.