Why You Should Never Sell Your Bitcoins Ever

[ikrom]

I can only say bitcoin Very remarkable

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[ronaldo40]

There will be of course a time to sell your coins. And that is the best option. You must sell it when the price is high.
Than you can have some more money and that will be good. But you need patience and that is very important.

Yes, there will be a time for selling but I emphasize that no one knows when is that time and it might be current time!

If you consider bitcoin earning as a investment, then you could never think of the price for a long time. Often if used as fiat, any time looks to be good for selling. The reason is one on the other he won't get a chance to exchange if he holds for increased price.

It depends of purpose of investing, for example many may buy some bitcoin for  long term investment.

Yes and I think if you want to earn really huge profits from it then you should hold it at least for next 10 to 15 years then only investment can be profitable.

yes maybe it could be good to hold for 10-15 years. but it's better when prices really seem high, as above $1,000, it is better to sell it. examples such as the year 2013, if you do not sell when it is, you might be quite regret, because until now the price is hard to reach $1,000 again.

[agustina2]

yes maybe it could be good to hold for 10-15 years. but it's better when prices really seem high, as above $1,000, it is better to sell it. examples such as the year 2013, if you do not sell when it is, you might be quite regret, because until now the price is hard to reach $1,000 again.

Agree. While holding don't just hold. Make sure you are coping with the latest price rally. For example when the price will reached $1000, we can expect some massive dumps after this so be sure you are ready when that time came.

[newcoins1978]

Some users say that you should never sell your coins because of the fact that you can make much money with them in the future so you should hold on to them.
I likle toi sell some bitcoin in the mean time because it is not sure that the waiting is going to pay off.

[ObscureBean]

There will be of course a time to sell your coins. And that is the best option. You must sell it when the price is high.
Than you can have some more money and that will be good. But you need patience and that is very important.

Yes, there will be a time for selling but I emphasize that no one knows when is that time and it might be current time!

If you consider bitcoin earning as a investment, then you could never think of the price for a long time. Often if used as fiat, any time looks to be good for selling. The reason is one on the other he won't get a chance to exchange if he holds for increased price.

It depends of purpose of investing, for example many may buy some bitcoin for  long term investment.

Yes and I think if you want to earn really huge profits from it then you should hold it at least for next 10 to 15 years then only investment can be profitable.

yes maybe it could be good to hold for 10-15 years. but it's better when prices really seem high, as above $1,000, it is better to sell it. examples such as the year 2013, if you do not sell when it is, you might be quite regret, because until now the price is hard to reach $1,000 again.

I think it's a good idea to plan your journey in advance, like I personally divide my Bitcoins into 2 categories. I have one stash that I'm keeping long term and that I've vowed not to touch no matter what happens and I have another one from which I sell varying amounts every time we reach a new milestone price.

[goinmerry]

Some users say that you should never sell your coins because of the fact that you can make much money with them in the future so you should hold on to them.
I likle toi sell some bitcoin in the mean time because it is not sure that the waiting is going to pay off.

You can do what you want with your own coin. Besides it is boring to just let it stay in a wallet. It is better to make it more larger while waiting for that said big rise.

[groll]

It was my bad luck that I came to know about the bitcoins when prices are $1000 / bitcoin. I was just wondering to collect some satoshis from bitcoin faucets in that period.

We're on the same position. I met bitcoins last 2010 at that time the faucet gives 1 btc per click but since the value is low and there's no place to sell bitcoins in our country I thought bitcoins were just a waste of time. But last 2014 I read an article about bitcoin and I was shocked, I never thought that the price will go up that big. So I started to collect satoshi from faucet and I never sold them not until April 2016.

[mark coins]

Some users say that you should never sell your coins because of the fact that you can make much money with them in the future so you should hold on to them.
I likle toi sell some bitcoin in the mean time because it is not sure that the waiting is going to pay off.

You can do what you want with your own coin. Besides it is boring to just let it stay in a wallet. It is better to make it more larger while waiting for that said big rise.

Yeah best way is to invest them in trading so that you can grow your coins regularly which can give you higher profits in future, and its always good to take risk rather then keeping them idle.

[PokerFace3]

Some users say that you should never sell your coins because of the fact that you can make much money with them in the future so you should hold on to them.
I likle toi sell some bitcoin in the mean time because it is not sure that the waiting is going to pay off.

You can do what you want with your own coin. Besides it is boring to just let it stay in a wallet. It is better to make it more larger while waiting for that said big rise.

You never know what tomorrow will bring. Bitcoins are good way to invest money and bring huge profits but it is not worth it to just hold your
bitcoins. You can use bitcoins to buy the things you want. Do the things you like than to regret later on !!!!

[Jmild1]

It was my bad luck that I came to know about the bitcoins when prices are $1000 / bitcoin. I was just wondering to collect some satoshis from bitcoin faucets in that period.

We're on the same position. I met bitcoins last 2010 at that time the faucet gives 1 btc per click but since the value is low and there's no place to sell bitcoins in our country I thought bitcoins were just a waste of time. But last 2014 I read an article about bitcoin and I was shocked, I never thought that the price will go up that big. So I started to collect satoshi from faucet and I never sold them not until April 2016.

So where are the coins that you earned in faucet last 2010? Maybe you can still look for them and have the chance to transfer it into your current wallet address. That will give you a big profit.

[romero121]

Some users say that you should never sell your coins because of the fact that you can make much money with them in the future so you should hold on to them.
I likle toi sell some bitcoin in the mean time because it is not sure that the waiting is going to pay off.

You can do what you want with your own coin. Besides it is boring to just let it stay in a wallet. It is better to make it more larger while waiting for that said big rise.

If you spend something as quoted above soon you might lose all your hard earned bitcoins. For this reason make a desired target and plan multiplying bitcoin than keeping it safe within the wallet.

[Iceborn]

Of course I am going to sell some coins sometime because if I am not going to sell then I do not make any money.
You should never sell them all at once because the price can always rise after you sold.

[twerdefnce]

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 don't sell my bitcoins either, but when i need some money asap i sell one or two bitcoins and use them and i don't think that it is a very bad thing actually

[coinzat]

if everyone won't never sell his bitcoin, then bitcoin will end because everyone dies his wallet dies with him and there will be a huge shortage in the supply causing  problems in the market

[Kotone]

Nope. You have to sell it whenever you need some cash. Even thou someday Bitcoin price will be 10,000$ . But you don't know when right? What if you need some cash but you are expecting that Bitcoin price will rise someday, but how if bitcoin price will fall ? No one knows ? right ? But as far as I know, you need to use it as soon as possible because maybe time will come, bitcoin will stop producing and investors stops investing. So be sure that use your Bitcoin as soon as possible.

[Maslate]

if everyone won't never sell his bitcoin, then bitcoin will end because everyone dies his wallet dies with him and there will be a huge shortage in the supply causing  problems in the market

LOL! Not gonna happen, humans are greed in nature and we can easily be tempted when we see that the coins we are holding is already becoming money. I don't think everyone will never sell their coins because our main purpose in investing is to make money in the future and that is true that holding for a longer period of time will increase profitability of our investment.

[Orielres]

So far, I have not sold any bitcoin. I just used some bitcoins. I think the bitcoin is the best investment so far. 

[goldcoinminer]

Nope. You have to sell it whenever you need some cash. Even thou someday Bitcoin price will be 10,000$ . But you don't know when right? What if you need some cash but you are expecting that Bitcoin price will rise someday, but how if bitcoin price will fall ? No one knows ? right ? But as far as I know, you need to use it as soon as possible because maybe time will come, bitcoin will stop producing and investors stops investing. So be sure that use your Bitcoin as soon as possible.

Exactly, we sell when we need money or cash, we invested now because we want to get profit but how can we enjoy our profit when we are not selling bitcoins to convert it to fiat. Is good to hold in the long period of time as surely the price will continue to increase but we cannot risk all our money until the end of our life.

[Dagmon]

So far, I have not sold any bitcoin. I just used some bitcoins. I think the bitcoin is the best investment so far. 

I think it is good to hold and use the bitcoin. The bitcoin price will rise in long term. If you use it, it will also help the price.

[Corenin]

Nope. You have to sell it whenever you need some cash. Even thou someday Bitcoin price will be 10,000$ . But you don't know when right? What if you need some cash but you are expecting that Bitcoin price will rise someday, but how if bitcoin price will fall ? No one knows ? right ? But as far as I know, you need to use it as soon as possible because maybe time will come, bitcoin will stop producing and investors stops investing. So be sure that use your Bitcoin as soon as possible.

Exactly, we sell when we need money or cash, we invested now because we want to get profit but how can we enjoy our profit when we are not selling bitcoins to convert it to fiat. Is good to hold in the long period of time as surely the price will continue to increase but we cannot risk all our money until the end of our life.

Yup and earning profits is more important then holding for long term, as if you will never sell then you will never make money out of it, so its good to sell when we are making profits from it.