Why You Should Never Sell Your Bitcoins Ever

[blackbird307]

Luck and a good deal of know-how. Read all you can before trading.

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[CryptoBjorn]

Well I think you should not sell your bitcoins for a long time because the halving is coming this year so that is one reason to hold them for a long time, and if you think about the future there will come a halving again in the future in 2020.
So if you hold your bitcoins you can maybe get really rich by holding your bitcoins for the next halving.

[darkangel11]

Yeah and that is the reason people hesitate to invest their money into bitcoins, as they have a fear of loosing their money if the price drops down extremely, its all about luck after all.

As long as you do not buy the bitcoin after the price shoot up 200%, you will make profit in the medium term.

But what's the timeframe you're referring to? What is "after"?
The price shoot up in 2013 and went down to become stable for a couple months in the middle of 2014, but then it went down again. Is 6 months enough to buy again after the jump? Maybe 12 months?

Look at November 2015 the price went from 300 to 500 USD and fell down to 400 and later to a bit over 300. Even if you bought on the rise at over 400 USD you still made money because a month later the price reached 460 again after falling from 500 to 300.

Buying when the price is shooting up or right after it starts falling doesn't mean you won't make profit.

[praprata]

You should never sell your bitcoins because its there comes a point the bitcoin will get a official currency and than you can get rich for sure, think about that.
I think the bitcoin is getting a lot bigger these next years, plus the halving is also coming so the price will jump.

[Anddos]

Never sell bitcoins? Then why gather them in the first place? What's the point of money if not to be spent?

[Fiberbiz]

Bitcoin is a great way to exchange valuable things, hope to do it at my best with my project.

[pneumatic5]

Never sell bitcoins? Then why gather them in the first place? What's the point of money if not to be spent?

Yeah, if you hold bitcoins then you need to spend, no use of keeping it idle, and if you does so then bitcoin would loose its shine so its better to sell and rebuy when the price drops down.

[MTBTT]

I don't think that I will keep my bitcoins idle forever, I mean it would be useless to keep on holding without using it, we are earning bitcoins so that we can spend some day, So If price goes higher I would definitely sell my coins.

yeah would be very unfortunate and unemployed simply hold coins. it would be better if you hold while investment

[Hirose UK]

seriously man?
what about buying food? are you sure there is a shop sells any kind of food that accept bitcoin? or shop that sells anything you need, not you want?
so I think it's impossible not to sell any bitcoin

[fruitcommander]

seriously man?
what about buying food? are you sure there is a shop sells any kind of food that accept bitcoin? or shop that sells anything you need, not you want?
so I think it's impossible not to sell any bitcoin

Mate they are talking about converting their bitcoins to fiat currency, and we know that there are not many shops that accepts bitcoins, so its better to convert to fiat and continue the process.

[diodio5]

Guys if we do not sell and just collect and collect isn't it bad for the community because less coins will be available and people will not use it much or the best case the price will go higher?

If some people want to use the coin, they can still buy from the exchanges and use them, but the price will be higher.

of course, if many people continue to save their bitcoin wallet. bitcoin number will continue to decrease, and this will make getting a little stock or the number of bitcoin on the market, and will make the price to rise #just IMO

[Mitchow]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

[angryrob]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

Exactly we need rotation of bitcoins into the market and if it is not done then we would never experience higher price in future, so its better that we keep on spending our coins.

[Scream]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

sometimes after you sell your bitcoin to take profit, the bitcoin price keep rising to the moon, and the fail not reached your sell price, better to sell some and keep holding for future don't sell alll of your bitcoin

[JAyThaRevo]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

sometimes after you sell your bitcoin to take profit, the bitcoin price keep rising to the moon, and the fail not reached your sell price, better to sell some and keep holding for future don't sell alll of your bitcoin

Correct, never sell all your coins, keep some in buffer stock as we don't know what would be the price of bitcoin in future, so its always better to keep some coins safe in wallet.

[Scream]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

sometimes after you sell your bitcoin to take profit, the bitcoin price keep rising to the moon, and the fail not reached your sell price, better to sell some and keep holding for future don't sell alll of your bitcoin

Correct, never sell all your coins, keep some in buffer stock as we don't know what would be the price of bitcoin in future, so its always better to keep some coins safe in wallet.

if i can predict or analisys when the price down(after reading some analisys from newsbtc), i prefered to sell all of my bitcoin then iam buy back at lower price , after price rising again, i sell only the profit and keep hold it

[Pattart]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

lol after you get slaary or income. i think dont directly sell mate. you must see and watch the price first

[actmyname]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

lol after you get slaary or income. i think dont directly sell mate. you must see and watch the price first

Ech. Not necessarily the price. The price tells you nothing - you need to look at the trend, and the recent news and how they'll affect the price in terms of demand. Are there positive discussions relating to Bitcoin and could possibly support the demand for them? Go ahead and buy. The price is likely to increase that way. Some huge scandal involving bitcoin occurs? Go and sell. It's obviously NOT as simple as I depict it, but honestly, it's stupid to hold ALL your coins. Obviously, don't sell all of them and become an absolute bear, but play around with some of it.

[reputedchain]

Not selling you coins ever is the worst thing to do, if you are earning profits you should sell it and again wait for the price to fall down, do not hold your coins too long.

sometimes after you sell your bitcoin to take profit, the bitcoin price keep rising to the moon, and the fail not reached your sell price, better to sell some and keep holding for future don't sell alll of your bitcoin

Correct, never sell all your coins, keep some in buffer stock as we don't know what would be the price of bitcoin in future, so its always better to keep some coins safe in wallet.

if i can predict or analisys when the price down(after reading some analisys from newsbtc), i prefered to sell all of my bitcoin then iam buy back at lower price , after price rising again, i sell only the profit and keep hold it

That's impossible to do, are you an astrologer who can judge the perfect price or perfect time to buy or sell bitcoins, if everyone would be able to do it then everyone would get super rich with bitcoins.

[Monkey Luffy]

You should actually sell your bitcoin to keep the ball rolling. Bitcoin wouldn't have any value as well if it weren't for the fiat money. In fact the reason why bitcoin is somehow accepted by some merchants is because of its value to which these merchants can exchange these coins into fiat. If you aren't using you bitcoin to buy stuff of exchange it to fiat then you won't be helping its economy to run.