Why You Should Never Sell Your Bitcoins Ever

[greBit]

I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.

I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.

Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.

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[goldcoinminer]

I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.

I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.

Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.

The purpose why we are holding our bitcoins is to wait for the right timing to sell and now as I see the price has increased and is increasing so if a person who is holding his bitcoins has a great opportunity to sell for a profit or wait for more time for more profit.

[cjrosero]

I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.

I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.

Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.

The purpose why we are holding our bitcoins is to wait for the right timing to sell and now as I see the price has increased and is increasing so if a person who is holding his bitcoins has a great opportunity to sell for a profit or wait for more time for more profit.

Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.

[stromma44]

I think Bitcoin price will eventually rise but Im really starting to feel it's a dead end. New ideas and projects will eventually take over and Bitcoin has a very tainted image already that I feel it can't shake off. It will still be used as a gateway to buy other coins or gambling, etc but unless something drastic happens and changes the scenery I don't really think it will be very relevant in 5 years the way things are going.

I don't think that bitcoin is going to be on dead end and if you are going to look at what is happening to bitcoins price we can see that bitcoin is increasing. And that is why it is better if we are going to keep on holding and be patient for not selling our bitcoins. But the word 'never' is not going to be applicable at all.

Yeah we will definitely sell them at any point of time when we will be making good profits from it, but as of now I don't think its the best time to sell as it will be going more hire in coming months.

The purpose why we are holding our bitcoins is to wait for the right timing to sell and now as I see the price has increased and is increasing so if a person who is holding his bitcoins has a great opportunity to sell for a profit or wait for more time for more profit.

Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.

That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.

[Orielres]

Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.

That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.

There is no need to make profit by selling the bitcoin. You can just use the bitcoin to buy things directly.

[tygeade]

Agree on this! timing is all that matter and besides why what is the porpuse if we buy something and never sell it?.
bitcoin is not that collection type of things. .it is a money it is built to to either sell it or use it to buy something.

That's right and if we never sell them then will never be making profits from it as our main intention behind an investment is to make profits so its better to sell them when price goes higher.

There is no need to make profit by selling the bitcoin. You can just use the bitcoin to buy things directly.

Can you tell us where we can spend our coins directly to buy anything, I don't have any place where I can spend them and every time when I am satisfied with price, I sell them and use them in shopping.

[Financial_Genius]

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?

One of the most profitable, but least stable and predictable ways of earning bitcoins is to buy and long-term storage for the purpose of selling after a significant growth rate.
Also, as an option,trade on the bitcoin exchange rate difference between the exchanges.
This method is the right approach even more interesting than the previous one. It was observed that the rate of bitcoin on different exchanges can be very different. And if today on one exchange is higher than the other, then tomorrow the situation may change the opposite way.

[Icathia]

Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.

[sobsitesearch]

Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.

Every time that you can see profit it is good to sell your bitcoin since we are here to have income why you do not sell if you can gain profit in the price of bitcoin, you do not sell your coins if the price is too low base on the price at the time of your investment.

[extrabyte]

Well never say never but right now its not good to sell your bitcoins because it still has a whole future a head and it can jump in price significantly, due to that I think its better to hold on right now.

Everytime I need to sell my bitcoin for buying something I always sell half of my bitcoins and hold another half in my wallet, because as you said bitcoin have a good scope to grow up in future and give great profit.. so holding some bitcoin always preferred.

[Janation]

One of the most profitable, but least stable and predictable ways of earning bitcoins is to buy and long-term storage for the purpose of selling after a significant growth rate.
Also, as an option,trade on the bitcoin exchange rate difference between the exchanges.
This method is the right approach even more interesting than the previous one. It was observed that the rate of bitcoin on different exchanges can be very different. And if today on one exchange is higher than the other, then tomorrow the situation may change the opposite way.

It is quite profitable to take advantage of the price diffierence between exchanges and trade. But you have to act quickly.

[HotAmericano]

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

[bamboylee]

no i think i will sell my bitcoins when i fell to sell it and when the price of bitcoin reach to its maximum price, then i will sell my bitcoins and will book the profit, but presently i am really not in favour of selling my bitcoins, as to me the price of bitcoin is still increasing.

Actually everyone likes to sell their coins when the price of bitcoin grows to a good extent but not everyone can hold all their coins till that time, i also wanted to never sell my coins but i needed some money so i had to do that and now again i'm collecting and storing for future.

It depends on the need of the person holding the coins. They may be some unplanned expenses that will arise and you will have no option but spend your bitcoins. Besides, you cannot know what will be the maximum price of bitcoin will be, so dumping when the price is still high enough is okay for me as long as it is spent wisely.

[ether19]

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

[Supercrypt]

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

Fluctuations and consolidation are most common with bitcoin markets, still in long term analysis we are always observing upward price surge. That must be most significant advantage of holding bitcoin in long term.
If we want to have bright future, then holding bitcoin without spending them will get us the chances of having bright financial freedom in upcoming years.

[Jasad]

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

on the other hand some people abusing bitcoin for something illegal ,
this kind people will never sell their bitcoin as long as they did not in urgent need ,
they put their fiat money in bitcoin to avoid tax .

[HotAmericano]

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

Well we have the same dream to buy our own car but what is going to be on my no.1 list would be my own house. And that is why I keep on holding my bitcoin because I know in the future that is going to make me reach my dreams because of my patience and keep on holding. So when I see the price is already good then that is the right time to sell.

Yes, I know. But buy a car will add some additional expenses like gasoline, insurance, maintenance. And the car's price itself is become lower and lower each year. I will choose house first than car, like you .

[betohell]

I think why you do not have to sell all bitcoinmu is because the current price is very potential to go up, you can see the prices continue to rise and will probably continue to rise so hang on to resist

[virasog]

I agree with the fact that bitcoin is going to see lot of fiat currency flowing into it. I think people sell because they need fiat to pay for their expenses. Bitcoin is not accepted everywhere. But I am sure that wise people will keep some bitcoin for themselves as future is bright for bitcoin.
We can expect volatility. And price will move by making new highs and then some corrections and then consolidation. This will again repeat itself.

on the other hand some people abusing bitcoin for something illegal ,
this kind people will never sell their bitcoin as long as they did not in urgent need ,
they put their fiat money in bitcoin to avoid tax .

If you think back in time and imagine being one of the first gold miners in the old west, you can picture these guys walking out of the right cave/mine with a piece of gold the size of a softball.  While this was not commonplace, it was also not that rare.  These hunks and smaller bits were sold in town for supplies and food and some businesses were created using these supplies of money.  Casinos, saloons, farms, oil companies and others may have gotten started on the precedes from small time gold mining.

The point is that same with Bitcoin.  Ten years from now, those that held on to Bitcoins will be much better off than they are today

[abayan]

Partially agree, I won't sell my bitcoin to buy a new car that maybe I don't need them at that moment. But I will sell my bitcoin if I know with that fiat money, I can grow solid business.

Well we have the same dream to buy our own car but what is going to be on my no.1 list would be my own house. And that is why I keep on holding my bitcoin because I know in the future that is going to make me reach my dreams because of my patience and keep on holding. So when I see the price is already good then that is the right time to sell.

Yes, I know. But buy a car will add some additional expenses like gasoline, insurance, maintenance. And the car's price itself is become lower and lower each year. I will choose house first than car, like you .

Agree! Unlike if you buy a house the price of that is getting higher and higher every year because of the value of it unlike the car I do prefer house rather than car because our house now is not really that nice thats why and i hope i can buy a house soon with the help of bitcoin