Why You Should Never Sell Your Bitcoins Ever

[relq]

Well, if we are not selling our bitcoins, how we got our money though ? I mean you also need real money/fiat for your daily things. I think everyone will sell their bitcoins in the end.

[1715598146]

1715598146

[1715598146]

1715598146

[1715598146]

1715598146

[peta4e]

Well, if we are not selling our bitcoins, how we got our money though ? I mean you also need real money/fiat for your daily things. I think everyone will sell their bitcoins in the end.

Yup and if we never sell our coins then what is the purpose of earning, people will sell their coins when they will see higher price in future and that is the right thing to do.

[Cendassi]

Some users say that you should never sell your coins because you should hold on to them for the future so that you can make much money.
I think that is also good to sell some coins in the mean time because waiting years without doing a thing is not for me.

[pearnapple]

Well, if we are not selling our bitcoins, how we got our money though ? I mean you also need real money/fiat for your daily things. I think everyone will sell their bitcoins in the end.

Yup and if we never sell our coins then what is the purpose of earning, people will sell their coins when they will see higher price in future and that is the right thing to do.

well it does not mean that you have to sell your coins for fiat if you want to use a currency, in my opinion it is much better to just buy something for bitcoins and not transfer it to fiat

i think people shouldnt sell any of their coins and just buy stuff with bitcoins or people might just hold everything they have in order to benefit in the future when holding bitcoin as an investment

[SquallLeonhart]

Well, if we are not selling our bitcoins, how we got our money though ? I mean you also need real money/fiat for your daily things. I think everyone will sell their bitcoins in the end.

Yup and if we never sell our coins then what is the purpose of earning, people will sell their coins when they will see higher price in future and that is the right thing to do.

well it does not mean that you have to sell your coins for fiat if you want to use a currency, in my opinion it is much better to just buy something for bitcoins and not transfer it to fiat

i think people shouldnt sell any of their coins and just buy stuff with bitcoins or people might just hold everything they have in order to benefit in the future when holding bitcoin as an investment

But what if there is no option to use it physically, and if that is the case then we need to convert it to fiat, as fiat can be used anywhere and same doesn't goes with bitcoin at a moment.

[universe_]

in the future maybe bitcoin will be better and has a high price, so I would be good if I never sell my bitcoin and wait for the right time to sell

you are most probably right about this in my opinion, i hope that bitcoin price is going to grow a lot in the near future thus allowing me to gain some big money out of it

im pretty sure it is better not to sell any of your bitcoins ever because in this way you will be able to be much richer person in the future what would be a really good thing i think

[chaser15]

Some users say that you should never sell your coins because you should hold on to them for the future so that you can make much money.
I think that is also good to sell some coins in the mean time because waiting years without doing a thing is not for me.

That's my thinking. Bitcoin always fluctuates, rallies much up and rallies much down so why I will hold my coins for long period of time?

If you will look at the historical price of bitcoin starting last year to today, the profit you make if you bought last January last year and will sold it today is really not worth the wait. People are satisfied for $500 to $600 a year earnings??

[Bitcoinbro]

in the future maybe bitcoin will be better and has a high price, so I would be good if I never sell my bitcoin and wait for the right time to sell

Never is of course not good because on a certain point you have to sell the bitcoin to make profit or simply spend it of course.
If you are waiting too long you will even lose profit and maybe even lose money because of this.

[Doamader]

Some users say that you should never sell your coins because you should hold on to them for the future so that you can make much money.
I think that is also good to sell some coins in the mean time because waiting years without doing a thing is not for me.

That's my thinking. Bitcoin always fluctuates, rallies much up and rallies much down so why I will hold my coins for long period of time?

If you will look at the historical price of bitcoin starting last year to today, the profit you make if you bought last January last year and will sold it today is really not worth the wait. People are satisfied for $500 to $600 a year earnings??

Consider people weren't able to make profit at forex that has such potencial to make huge or loose huge.
Bitcoin for the most besides being a extra source of income is a way to make easy cash and fast cash,if people  had sold their coins and made 50-400 dollars profit with an investement of 250-300 or even above , for sure they are happy they can regret later.
I  had bought and sold my coins at 250-300dollars value because of two things first because I needed the money and I had invested with money I needed soo I sold and even believing into bitcoin I couldn't afford to wait , as me there are others that made the investement.

[tabas]

in the future maybe bitcoin will be better and has a high price, so I would be good if I never sell my bitcoin and wait for the right time to sell

Never is of course not good because on a certain point you have to sell the bitcoin to make profit or simply spend it of course.
If you are waiting too long you will even lose profit and maybe even lose money because of this.

Holding bitcoin is a good thing but you don't have to hold that forever. You must set a range of years or length of time of until when you are going to hold that.
Because if you aren't going to use it or sell it, it is useless.

[Maslate]

in the future maybe bitcoin will be better and has a high price, so I would be good if I never sell my bitcoin and wait for the right time to sell

Never is of course not good because on a certain point you have to sell the bitcoin to make profit or simply spend it of course.
If you are waiting too long you will even lose profit and maybe even lose money because of this.

Holding bitcoin is a good thing but you don't have to hold that forever. You must set a range of years or length of time of until when you are going to hold that.
Because if you aren't going to use it or sell it, it is useless.

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.

[Cyaren]

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?

well i think its not okay to think like that,bitcoin wont get worthless,it is not rather possible
A drop from 700$ to lets say 10$? This may happen to company,but not to the currency there is no way...
Anyway feel free to argue with me

[gerXhonza]

in the future maybe bitcoin will be better and has a high price, so I would be good if I never sell my bitcoin and wait for the right time to sell

Never is of course not good because on a certain point you have to sell the bitcoin to make profit or simply spend it of course.
If you are waiting too long you will even lose profit and maybe even lose money because of this.

Holding bitcoin is a good thing but you don't have to hold that forever. You must set a range of years or length of time of until when you are going to hold that.
Because if you aren't going to use it or sell it, it is useless.

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.

Yes and what is the use of earning or buying bicoin if you don't want to make profits from it and one day you will die and your coins will be idle in your wallet holding no value as it will remain unused forever.

[bitcoinisfurture]

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?

[Galiatram]

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?

Because there are allot of peopel who just think that holding bitcoins is the best thing what ever could happen to the bitcoin. But
people if you are all holding the price wont change anything maybe it will only go lower and lower and that is not what we want dont you?

[JumperX]

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?

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.

[Cyaren]

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?

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.

There are too many reasons why bitcoin collectors sell their bitcoins. Maybe they feel that the current amount of btc is good to sell it or maybe they have needs for the money that they can come up with when they sell their bitcoins. Anyways, they can always re-earn those bitcoins that they sell.. can't they..?

[Sharma]

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.

I'll go for selling a little from time to time just like what stock brokers do.  If there is a big rise, one can grab the opportunity to sell before the price dives again.  Of course, price of bitcoins is erratic but who know how much it will cost after a month or two, then we'll know if holding on to it is worth it.

[1Referee]

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?

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.

Some people indeed tend to wait too long before securing profits. And when the time comes they feel good securing some of their profits it's basically too late. These people will always miss out on profits. Big factor is the greed aspect. They keep waiting and waiting to see the price increase more, and eventually it ends up being their own downfall.

[Altcoinmoney]

The important rule to never sell your bitcoins is not really neccesery because coins need to roll and if we are all holding our coins the coins
are not rolling so we are not getting a price increase for sure.