Why You Should Never Sell Your Bitcoins Ever

[fasdorcas]

because I was expecting bitcoin prices to keep going up so I did not want to sell bitcoin. in addition, the increase in users also makes me optimistic about the future of bitcoin.

You are on the right track; there is no need to sell off bitcoins at present because prices are as you said continuously moving towards sky. Indeed there having been observed great increase in the users of bitcoins in last two months especially after the Segwit. Even the gold investors are turning towards bitcoins.

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[Conevesses1976]

The value is fairly minimal at the instant. I would recommend to keep the bitcoin for extended time period. If you want to market, wait around until halving.

[niap]

why not sell it when the price is high? You can actually buy again when the value is low.

[Turiettly]

of training course i will in no way promote my bitcoins at all, i imagine in bitcoin that its price will rise drastically shortly

[janchegg1]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

According to my opinion I can't sell my bitcoin if I don't have. But I only sell my bitcoin when the price increase I can make profit with it. I know that not selling your bitcoin have some good things, but people love to make profit. And this will be good for us.

two parts and opinions. But better not sell

[freedomgo]

why not sell it when the price is high? You can actually buy again when the value is low.

That kind of mentality is good if you are a trader but for investors who like to get the best value of their money, I guess it's good to hold
it for a long period of time and of course sell when you are fully satisfied with the value of your investment.

[Pejoh Asu]

Because I hope and very confident that someday bitcoin price will reach $ 10,000. I would be very regret if I sell bitcoin at a price of $ 10k so I keep bitcoin as long as I can, and now a sign of the increase has already happen.

[Gliassa]

I would sell it to make money, because when bitcoin was and you had invested you would now make a lot of money. So you should sell it otherwise you would not make some money.

You can also save your bitcoin for an example if you have invested a few days ago i would suggest you to wait for bitcoin to hit 6000 dollars at least to sell it.

[winterland]

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

This, if you look at the weekly charts you will see all kind of anomalies that will make you think that holding is a bad idea but since holding is a long term strategy then you need to look at the chart that has all the story of bitcoin and if you see that the pattern is very clear, a strong tendency to go up.

[BabyBoss]

Today the best thing you can do with your bitcoin is to hold it tightly, keep it and have a price Goal in about $10,000. So, relax, have a deep breath, smile and take a cup of coffee watch bitcoin reach the highest price.

[janchegg1]

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

This, if you look at the weekly charts you will see all kind of anomalies that will make you think that holding is a bad idea but since holding is a long term strategy then you need to look at the chart that has all the story of bitcoin and if you see that the pattern is very clear, a strong tendency to go up.

it might go to the moon and coast 100000 dollars and then even more, so there is no reason to sell it

[Akash1243]

I think it is best idea to earn bitcoins by doing nothing as the price increase the bitcoins you bought would be also increase so holding is the best idea.Bitcoins price would reach around $10k or something to sitting my back and enjoy seeing price increasing.

[marcbitcoins]

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

Because bitcoin value is increasing that we may ride on time when the value reach to the moon and earn from it. We should sell our bitcoins only if we really need the money to purchase or pay the very important things or else just keep it hoarding until the price reach for the sky.

[Don Pedro Dinero]

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?

I think you’ve got a point here but in my view there are a couple of situations where I would sell BTC. You only mention selling them for FIAT but I will be always paying attention to how cryptocurrencies markets go just in case another crypto overcomes btc. I quite believe in btc but if in the future I see, let’s say, litecoin, growing in capitalization and becoming the number 1 crypto I will be trading at least some of my BTC for litecoins to diversify.

Then, you mention buying goods directly with btc. More than two years have passed since you wrote your post and there are still only few shops where you can buy directly with btc. You can use your bitcoins to buy almost everything if you use webs like all4btc, for example, but in this case, although you are not converting your btc into FIAT to buy goods, they do.

And finally, I don’t see the problem of converting btc into FIAT if you spend you money right away. Your point is that FIAT is becoming worthless so you won’t trade something with value, like btc, for it. But the thing is, FIAT has still value nowadays so what’s de difference between spending X amount of BTC to but a good and convert those BTC into the equivalent of FIAT money and spend it right away to buy that good? Especially if you don’t have a way to buy it directly with btc.

[Mailly]

You should by no means promote your bitcoins, because the bitcoin has a brilliant potential a head.Also the bitcoin will rise soon or later so which is a actually very good explanation to not promote them.

[ArIMy11]

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

That's what everyone us want to more bitcoin as much as possible. We already know that it's price are not stable, it may goes down and the good thing is that it may also continue to increase from time to time. Selling bitcoin or converting bitcoin into fiat currency give us money that we can used to buy the things that we want but there are people that sell it because of panic but they regret it at the end.

[Bobmarley2000]

You should sell it if you need money thats normal and not a stupid thing to do. I would save bitcoins, because we have seen that bitcoin is still growing in his value.

You can sell it when bitcoin will hit a massive amount of money in the future.

[setupbounds]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

You have rightly said. It is nothing else but “Patience” that will make you earn or lose in the world of business especially Bitcoin. I think holding of Bitcoin will be the best thing for you and your family if you continue to do so in future. The prices will keep on increasing most of the time, thus adding more money in your account.

[guoyu78]

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 for me idont really care if what are the reasons why i shouldnt sell my bitcoins, because im just a poor boy and i need money moneymoney to live, to buy my food and my needs and everytime i recive a single bitcoins i immediately withdraw it without a doubt and im not regretting if the price goes higher soon

You may be right but I think that you need to look for some other ways of earning money besides earning money from selling your Bitcoins, I am in a favor of keeping and holding your Bitcoin as one thing is for sure that the market price of Bitcoin will keep on increasing in the next coming days, so you have to think wisely before selling them.

[CarnagexD]

To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.

You've got a point in terms of choosing  whether to deal with transaction , investment or even trading. In the point the we can't avoid  fees. So whether we want to earn more in the future or not we should always think about how we could earn and how bitcoin could possibly  help us in the future.