Why You Should Never Sell Your Bitcoins Ever

[uname]

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.

I don't see anything wrong in selling our coins if its giving us profits and if we have earned them then we can surely sell them as we know that we will manage to earn them back.

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

[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 .

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

Well, good luck on hunting for the new house then

[MaritiJames3]

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

[Qunenin]

A single $600 Bitcoin may well be worth $6000, it is possible.  But, sites and businesses that used their Bitcoin profits for other things are also well off.  Look at a company like YoBit.  Getting their start with Bitcoins sold, they are rolling in it right now.  Just the fees off TX’s alone are worth it to stay in business, plus all the other services and features. Yes, hold on to Bitcoin and you will do well, at least a good bit down the line, maybe even only a year or two, two years back the coin was at $150-250, now $600. 

[freedomgo]

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

It takes a lot of guts to hold our bitcoins for that long period of time, although I believe that it is a good way to do in order to get a massive income when the price increase significantly that time, but I do believe only few can do that and only those who have a good financial status now.

[dEjAvU97]

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

[randy8777]

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

people that are saying that they will never spend their coins are just lying. the price that is going up is always too tempting for people to not secure any profits. that being said, if i have made some decent profits, then i am definitely securing profits from time to time. it allows me to buy back at the time the price goes down. it's smart trading.

[GregH37]

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

one day I am sure you'll be able to do this. bitcoin will be usable in all over the world just like the fiat. but for this everyone need to support bitcoin. and adopt bitcoin. and hold bitcoin.

[cjrosero]

even if the price will get higher you must sell your bitcoin and buy and that is the trade for making more bitcoin i don't like the way to sit down and see what the price will be i just like to work for geting more and more.

If the price goes higher try to hold as much possible because price variations will lead you to get a good profit making when years pass.

Indeed but you should never sell your bitcoin until atleast the next halving which is in 2020 and then when that happens you can think about selling them cause right then prices might be up very much.

the halving doest determine or decide the status of price of bitcoin it is the supply and demand of people.
 if many people will use bitcoin in 2020 then im sure the price will increase due to popularity many people will buy, but when people wont recognize bitcoin or still not that known and offcourse the price will drop. its just a vice versa thing. not because of Halving. look at it now the halving is done and still price is still ranging from 600-700$.

[agustina2]

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

[equator]

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

What you said is correct, if everyone just hold the bitcoins and no one will sell then how will the price will increase or decrease, until their is no trading and price fluctuations we cannot see more development in bitcoins. Their are so many country where you cannot buy anything in bitcoins so they convert in fiat currency and meet their expenses.

I am also doing the same as i am earning bitcoins weekly and this is like a salary for me doing the bitcoin job, i keep 20% as investment balance i convert some and some i do sports betting .

[agustina2]

I think it is not wrong in selling the coin but the problem is when you choose to sell bitcoin, because time will determine the price and determine your profits

If person needs money whatever the price, whether high price or low, it's not wrong to sold their bitcoins and convert it to fiat.

Why it's wrong in the first if obviously you really need it? You can earned it again anyway.

What you said is correct, if everyone just hold the bitcoins and no one will sell then how will the price will increase or decrease, until their is no trading and price fluctuations we cannot see more development in bitcoins. Their are so many country where you cannot buy anything in bitcoins so they convert in fiat currency and meet their expenses.

I am also doing the same as i am earning bitcoins weekly and this is like a salary for me doing the bitcoin job, i keep 20% as investment balance i convert some and some i do sports betting .

Yes without dump there will be no pump. Most of the traders are not enthusiast to buy coins at highest rate so in most of the cases they will do something to make it drop. Then that will be a cycle of pump and dump resulting for price increase and decrease.

And some people like bitcoin price to become accepted in most of the shops. If that will happen, expect a quite stable price in bitcoin.

[AncilVTwo]

Well, I think we should be able to 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.

[dinda22]

Well, I think we should be able to 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.

if we have the necessities of life and dependent with bitcoin, of course we should sell bitcoin for our needs.
but if we are people who have a lot of money. probably better to never sell your bitcoin, besides the price is at a high level to sell all bitcoin.
because if we look at the example at the beginning of bitcoin, maybe it was really nice not to sell for 3 years and sell when prices are rising, more than $1000 in 2013. I think this is likely to occur again in the future.

[secup]

It doesnt require super complex math, there will ever be 21 million BTC , if you can get a hold of a few, they will eventually later be worth alot more.

Limited supply guarantee an increase in price if bitcoin get more popular.

[Dora Doll]

i think it is not such a good statement because every one buy bitcoin for the purpose to increase their money and i think for that he must have to sell their bitcoin if you feel that by selling you can really make money,

[Vikingr]

i think it is not such a good statement because every one buy bitcoin for the purpose to increase their money and i think for that he must have to sell their bitcoin if you feel that by selling you can really make money,

Not everyone is buying bitcoins for to increase their money and sell back their bitcoins but a lot of people buy bitcoins because they have their business in bitcoin currency and for running it they want to have their money in bitcoin and they can easily spend their bitcoins as currency so they do not want to sell their bitcoins.

[elDano]

Selling your bitcoins is not smart because of the fact that it can bring you in big trouble, I agree about the fact it can be good sometimes but most likely if you are selling to fast you can lose money or make less more profit than you could ever do in the future.

[socks435]

i think it is not such a good statement because every one buy bitcoin for the purpose to increase their money and i think for that he must have to sell their bitcoin if you feel that by selling you can really make money,

You should sell it your bitcoin if the price is high and if you are satisfied with your profit i know all people here are collecting bitcoin and holding bitcoin because they are waiting to make a good profit in bitcoin since the price is not stable and time the price can be jump up to 1k value or more. that can increase our profit just for holding it or collecting bitcoins.

[NordicRanger]

Selling your bitcoins is not smart because of the fact that it can bring you in big trouble, I agree about the fact it can be good sometimes but most likely if you are selling to fast you can lose money or make less more profit than you could ever do in the future.

It can bring you a bit in trouble but most of the times it will not and its also that selling is not good because the bitcoin has such a good future a head, it will rise to a very high amount in about 5 years from now, well that is my prediction right now.