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tabas
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June 22, 2016, 06:10:30 AM |
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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.
That's a good thing to do, selling of bitcoin today is not a recommended thing to do. Because if you are going to do that you are just going to get a small profit unlike the highest value of it which leads almost $800. But with patience just wait for it because for sure it will come back to a higher value. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Cyaren
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June 22, 2016, 07:00:31 AM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
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davis196
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June 22, 2016, 07:23:45 AM |
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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?
The value of paper money depends of people trust.The more people trust and use a currency,the more valueble the currency is.But central banks can ruin people`s trust when they print more paper money and create inflation. It`s the same with bitcoin.The more trust=more value. |
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Hatuferu
Legendary
 Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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June 22, 2016, 08:31:23 AM |
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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?
The value of paper money depends of people trust.The more people trust and use a currency,the more valueble the currency is.But central banks can ruin people`s trust when they print more paper money and create inflation. It`s the same with bitcoin.The more trust=more value. But anything that government regulated gain people's trust, even if bitcoins is more popular but without the support of the government, we cannot see the full trust of the people. |
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Chrismeister
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June 22, 2016, 09:05:23 AM |
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it is not that you should never sell ytour bitcoins off course there are always people who tond think it is verry clever to sell my bitcoins now but if you bought them for 300 selling now is realy profitable.
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Dwelach
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June 22, 2016, 09:36:59 AM |
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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?
Why you should never selly our bitcoins because the price is goint to that high in a period of 10 years i dont think that would happen if you want to hold them you need to hold them for a hundred years. |
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RobinHoodster
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June 22, 2016, 10:03:21 AM |
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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?
It is not that you should never sell your bitcoins because if we all should do that the price of the bitcoin wont rise allot for sure. So if you are holding make sure that you are spending them also a little bit. |
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goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
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June 22, 2016, 11:51:17 AM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
Then it is better to buy now? Any insights if this price right now is the levelled price for this week? I think it is still a risk to buy now because price keeps going down. |
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greBit
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June 22, 2016, 11:51:28 AM |
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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?
It is not that you should never sell your bitcoins because if we all should do that the price of the bitcoin wont rise allot for sure. So if you are holding make sure that you are spending them also a little bit. The primary goal should be to make profits, so sell it whenever you are making profits from it, and re buy when price drops in future. |
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hermanhs09
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June 23, 2016, 10:06:43 AM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
Then it is better to buy now? Any insights if this price right now is the levelled price for this week? I think it is still a risk to buy now because price keeps going down. The price is going down so you probably should buy now because during the "Halving" it is either going to shoot up or tank because of people wanting it, it's all up to how we really want it to fluctuate. We have the power to raise or lower the stock. |
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Cyaren
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June 23, 2016, 10:56:53 PM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
Then it is better to buy now? Any insights if this price right now is the levelled price for this week? I think it is still a risk to buy now because price keeps going down. To be honest man I think that you should buy now because with the halving coming up you cant really tell when that btc will just jolt up and make you some major cash and then after all that you really work bigtime from there. |
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expert4knowledge
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June 23, 2016, 11:12:43 PM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
Then it is better to buy now? Any insights if this price right now is the levelled price for this week? I think it is still a risk to buy now because price keeps going down. To be honest man I think that you should buy now because with the halving coming up you cant really tell when that btc will just jolt up and make you some major cash and then after all that you really work bigtime from there. I think that it may be better that people buy but not invest all of what they have in bitcoin. However it seems that current price will increase. |
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Hatuferu
Legendary
Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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June 24, 2016, 08:37:27 AM |
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Well, definitely shouldn't sell your bitcoins right now after a market adjustment. I think that this is just a bear trap and if you sell now, it will be a huge mistake and you will regret in the future.
Holding is the best investment you can make.
Then it is better to buy now? Any insights if this price right now is the levelled price for this week? I think it is still a risk to buy now because price keeps going down. To be honest man I think that you should buy now because with the halving coming up you cant really tell when that btc will just jolt up and make you some major cash and then after all that you really work bigtime from there. I think that it may be better that people buy but not invest all of what they have in bitcoin. However it seems that current price will increase. What is the point of buying when you are not investing, for me even if you just simply buy but you will keep in the long term and when the price will increase you will generate profit and that is simple called investment, unless you are buying bitcoins just for your daily spending online. |
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HCLivess
Legendary
Offline
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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June 24, 2016, 11:24:51 AM |
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I would instantly sell... to swap for real estate
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agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
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June 24, 2016, 11:28:17 AM |
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What is the point of buying when you are not investing, for me even if you just simply buy but you will keep in the long term and when the price will increase you will generate profit and that is simple called investment, unless you are buying bitcoins just for your daily spending online.
Why keep it for a long term if he can take advantage whenever the price fluctuates? That is more profitable than waiting and keeping ot for a long term. Buying bitcoin for investment is called using bitcoin as an investment. Buying bitcoin thru regular use or spendings is called using it as a currency. |
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Seansky
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June 24, 2016, 11:31:48 AM |
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Well man I think we shall sell our bitcoins anytime we want. Taking advantage of the price fluctuation is better than keeping it sitting for years. Well that way you earn more.
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hermanhs09
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June 24, 2016, 01:45:54 PM |
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Well man I think we shall sell our bitcoins anytime we want. Taking advantage of the price fluctuation is better than keeping it sitting for years. Well that way you earn more.
Definitely you should sell when you honestly feel like the price wont increase anymore Do not waste your time though on stupid stuff like investing in cloud mining or anything like that. |
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Dagmon
Newbie
Offline
Activity: 58
Merit: 0
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June 25, 2016, 06:52:31 PM |
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Well man I think we shall sell our bitcoins anytime we want. Taking advantage of the price fluctuation is better than keeping it sitting for years. Well that way you earn more.
Definitely you should sell when you honestly feel like the price wont increase anymore Do not waste your time though on stupid stuff like investing in cloud mining or anything like that. But I think the bitcoin price will rise forever. It has limited number of coins, so it is deflationary, the price will rise as a result. |
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hermanhs09
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June 25, 2016, 08:59:26 PM |
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Well man I think we shall sell our bitcoins anytime we want. Taking advantage of the price fluctuation is better than keeping it sitting for years. Well that way you earn more.
Definitely you should sell when you honestly feel like the price wont increase anymore Do not waste your time though on stupid stuff like investing in cloud mining or anything like that. But I think the bitcoin price will rise forever. It has limited number of coins, so it is deflationary, the price will rise as a result. I dont think it will rise forever but it will most likely never tank ever because like you said deflation. so i mean it will eventually hit a wall on the increase and slowly decrease we just wont ever know when it's happening. You'll have to watch patterns for the longest time to ever really know if btc is going UP or DOWN. |
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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June 25, 2016, 09:27:33 PM |
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Well man I think we shall sell our bitcoins anytime we want. Taking advantage of the price fluctuation is better than keeping it sitting for years. Well that way you earn more.
Definitely you should sell when you honestly feel like the price wont increase anymore Do not waste your time though on stupid stuff like investing in cloud mining or anything like that. But I think the bitcoin price will rise forever. It has limited number of coins, so it is deflationary, the price will rise as a result. Price rise depends on demand and supply, if we find more users in future who are willing to buy and use bitcoins then definitely the price of bitcoin would be much higher in future. |
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