Why You Should Never Sell Your Bitcoins Ever

[newb4now]

For those that hate fiat, you can always diversify by selling some btc for physical assets (real estate, businesses, precious medals, land, etc).

I believe in bitcoin as much as anyone but keeping the vast majority of your wealth in one asset class is not wise

[btccashacc]

Because maybe sometime, the Bitcoin price will gone high to $100000 and then i will buy for much money

I think you may be dreaming for that to happen but what if prices go back to less than your purchase price? So you should always watch out on your investments.

Nothing imposible, but i never choose to hold it forever, you can save small amount to price $100000

[MinerHQ]

Because maybe sometime, the Bitcoin price will gone high to $100000 and then i will buy for much money

I think you may be dreaming for that to happen but what if prices go back to less than your purchase price? So you should always watch out on your investments.

Nothing imposible, but i never choose to hold it forever, you can save small amount to price $100000

If you post something which isn't realistic then you should back with some data to prove otherwise it's is called dreaming. What you predicted is quite impossible to get there.

[Amph]

Because maybe sometime, the Bitcoin price will gone high to $100000 and then i will buy for much money

I think you may be dreaming for that to happen but what if prices go back to less than your purchase price? So you should always watch out on your investments.

Nothing imposible, but i never choose to hold it forever, you can save small amount to price $100000

If you post something which isn't realistic then you should back with some data to prove otherwise it's is called dreaming. What you predicted is quite impossible to get there.

it's a good strategy actually, saving a small amount in bitcoin, let's say 10 coins, and waiting for 100k in price, than going full retarded and buying 1k coins and waiting for 1k

in the first case there is almost no risk, unless you're living on the street, but the wait will kill you i presume, in the second case, the risk is greater but the chances are bigger

[RealBitcoin]

Because maybe sometime, the Bitcoin price will gone high to $100000 and then i will buy for much money

I think you may be dreaming for that to happen but what if prices go back to less than your purchase price? So you should always watch out on your investments.

Nothing imposible, but i never choose to hold it forever, you can save small amount to price $100000

If you post something which isn't realistic then you should back with some data to prove otherwise it's is called dreaming. What you predicted is quite impossible to get there.

it's a good strategy actually, saving a small amount in bitcoin, let's say 10 coins, and waiting for 100k in price, than going full retarded and buying 1k coins and waiting for 1k

in the first case there is almost no risk, unless you're living on the street, but the wait will kill you i presume, in the second case, the risk is greater but the chances are bigger

I already executed by big bitcoin buys.

I will only buy now small amounts after every salary. And it will give me some extra boost.

I really hope in 5-10 years it will be spendable. Or atleast there would be a country where it would be, and i`d move there.

[pitham1]

it's a good strategy actually, saving a small amount in bitcoin, let's say 10 coins, and waiting for 100k in price, than going full retarded and buying 1k coins and waiting for 1k

in the first case there is almost no risk, unless you're living on the street, but the wait will kill you i presume, in the second case, the risk is greater but the chances are bigger

The 2 are completely different and will be attained (if at all) with a large time difference between them.
You can't call "waiting for 100K" as a strategy.  It reminds me of those waiting for $10 bitcoins.
 

[rivera]

I think the rate of bitcoin is up and down, then it will not matter if we sell our bitcoin when the price is high, then we can buy it again when the price lower.
If i the price high, i think i will sell my bitcoin

[MinerHQ]

I think the rate of bitcoin is up and down, then it will not matter if we sell our bitcoin when the price is high, then we can buy it again when the price lower.
If i the price high, i think i will sell my bitcoin

Yes just sell when you think you have made some good profit and again you will get an opportunity to buy again. For that you need a patience.

[Amph]

it's a good strategy actually, saving a small amount in bitcoin, let's say 10 coins, and waiting for 100k in price, than going full retarded and buying 1k coins and waiting for 1k

in the first case there is almost no risk, unless you're living on the street, but the wait will kill you i presume, in the second case, the risk is greater but the chances are bigger

The 2 are completely different and will be attained (if at all) with a large time difference between them.
You can't call "waiting for 100K" as a strategy.  It reminds me of those waiting for $10 bitcoins.
 

yeah better to say as a target than as a strategy, but the point was that you have two alternatives and the best one is holding the more, so not spending bitcoin for now

[lahm-44]

holding your coins is always done for a one single reason that the price will grew higher and higher but i would say we should know when to sell our bitcoins because we never know when the market will be crashed and we can losse the golden chance of making a lot of koney and we have to again 5-6years to recover the price

[MasterYii]

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 should never sell my biticoins ever because I know and I believe one day its value will become more than what I can never imagine and selling it is not worth it. Better save it all up for the future.

[neochiny]

well you have your own point of view.
but i know that before that happen. the 10k$ worth of bitcoin.
it take years and years. and some of bitcoin users needed
already some money for their needs.
well if that 10k$ become true in 2 or 3 yrs. time.
il be back in this thread... and swear not to sell all my btc's.
goodluck.

[Winalunt]

Because maybe sometime, the Bitcoin price will gone high to $100000 and then i will buy for much money

I think you may be dreaming for that to happen but what if prices go back to less than your purchase price? So you should always watch out on your investments.

Nothing imposible, but i never choose to hold it forever, you can save small amount to price $100000

If you post something which isn't realistic then you should back with some data to prove otherwise it's is called dreaming. What you predicted is quite impossible to get there.

even if we consider the price of your dreams but there is no point in cashing or exchanging at a point where fiat's are worth shit .
just think if 1 bitcoin is worth $100000  what is the value of dollar?lolll

[randy8777]

I real point of this thread we may not be in need of selling our bitcoins when the price of bitcoins hit the moon. I liked. This kind of situation definitely will happen in our life time itself. Because when people chasing down to buy the bitcoin, why you alone going to sell, instead use it for daily needs.

for most people bitcoin is still an investment. they don't or barely spend their coins. if we all spend our coins on thing then merchants are likely to adopt bitcoin.

[Linuld]

I think the rate of bitcoin is up and down, then it will not matter if we sell our bitcoin when the price is high, then we can buy it again when the price lower.
If i the price high, i think i will sell my bitcoin

Yes just sell when you think you have made some good profit and again you will get an opportunity to buy again. For that you need a patience.

What you said is obsolutely correct because if you just buy and wait for price to reach 500 and 1000+ then one may need to wait for how many years do not know so one should watch out their investments after investing and sell it off when ever they reach some good profits. This way one can make a good money in bitcoins

[pilscoop]

So what do you think the price of Bitcoin will be in the future?

[Miss Fortune]

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 believe it is a good investment and hoping for the best in the future that the value of it will rise up more than we could ever imagine.

[shane]

I hold my bitcoin for some reason, i trust bitcoin price will be up, also
i sure in future bitcoin can use to pay everything

[ralle14]

i think it would take more time to reach that big price once again
but for now i just earn some coins and thinking to save/hold them
and  cash out if theres an emergency

[futurebit640]

I hold my bitcoin for some reason, i trust bitcoin price will be up, also
i sure in future bitcoin can use to pay everything

I'm not very sure whether in future you can buy everything using bitcoins but surely you can buy some online services and some items as well.

And instead of waiting for bitcoin prices to go up very high to sell, you can start taking some profits whenever you get an opportunity and again you can by when prices fall.