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Author Topic: Why You Should Never Sell Your Bitcoins Ever  (Read 270165 times)
HarryPotHead
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September 24, 2015, 12:35:47 PM
 #201

I will never sell any of my btc. I will just keep buying and one day I will be able to buy everything I need with bitcoin. Hopefully!

tinof
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September 24, 2015, 01:09:50 PM
 #202

Bitcoin should be treated like a check book rather than a commodity for speculation purpose.

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September 25, 2015, 02:51:24 AM
Last edit: September 29, 2015, 07:15:40 AM by n2004al
 #203

Because I believe that that bitcoin will not be stopped here. This is not the first time that the price go down. This is a temporarily situation I think. The bitcoin is spreading every day more and this a clear sign of its success. Its volatility is known it it will be such since the time when it will be well known and it will be mature as a currency. I will not sell my bitcoin. Hoping that the price with go very high one day and I can pay the college of my daughters with those.  
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September 25, 2015, 03:02:49 AM
 #204

Bitcoin should be treated like a check book rather than a commodity for speculation purpose.

As with any currency, it will be traded in some form. This is just life and its how a lot of people make their money. Warren Buffet is living proof of this.
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September 25, 2015, 03:30:13 AM
 #205

I will never sell any of my btc. I will just keep buying and one day I will be able to buy everything I need with bitcoin. Hopefully!
if you do not sell bitcoin you have, then it's what your goal playing bitcoin  Cheesy ?
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September 25, 2015, 03:37:39 AM
 #206

I will never sell any of my btc. I will just keep buying and one day I will be able to buy everything I need with bitcoin. Hopefully!
if you do not sell bitcoin you have, then it's what your goal playing bitcoin  Cheesy ?
Not as an investment, but as an actual currency which you can use to buy things instead of just selling it for fiat to make a profit.

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September 25, 2015, 07:13:53 AM
 #207

one thing it's true, if everyone will follow the OP advice, the price can not increase at all, so his statement, based on this, is utterly wrong

the best thing to do if you have a low amount is waiting, leave the big players to play their dirty game
brg444
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September 25, 2015, 07:15:51 AM
 #208

one thing it's true, if everyone will follow the OP advice, the price can not increase at all, so his statement, based on this, is utterly wrong

the best thing to do if you have a low amount is waiting, leave the big players to play their dirty game

what kind of broken logic is this?

if everyone follows OP advice the price will go through the roof. ever heard of supply & demand?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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September 25, 2015, 08:49:42 AM
 #209

well... I never sold a single bitcoin. I bought items and electronics with and for bitcoin. If I could pay all bills in Bitcoin (or more stable 2.0 coins) I would do it immediately.

brg444
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September 25, 2015, 08:51:22 AM
 #210

well... I never sold a single bitcoin. I bought items and electronics with and for bitcoin. If I could pay all bills in Bitcoin (or more stable 2.0 coins) I would do it immediately.

Unless you immediately refund your stack of Bitcoin everytime you do that then this is considered selling your bitcoins..

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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September 25, 2015, 11:02:34 AM
 #211

As long as I have the feeling that Bitcoin will make it I will not sell any coin. I have faith in the technology and especially in the Bitcoin Blockchain to be a protocol for many future use cases we might think about right now. Right now we're going through hard and tough times. But this will change one day and we will go up again. Follow the news and not only the stagnant price we're seing at the moment.
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October 02, 2015, 07:54:55 AM
 #212

As long as I have the feeling that Bitcoin will make it I will not sell any coin. I have faith in the technology and especially in the Bitcoin Blockchain to be a protocol for many future use cases we might think about right now. Right now we're going through hard and tough times. But this will change one day and we will go up again. Follow the news and not only the stagnant price we're seing at the moment.

me too
im trust about blockchain technology, p2p payment
in future more bank will use bitcoin technology to transfer money

that why i never sell my bitcoin Except at high price Cheesy
n2004al
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October 02, 2015, 09:38:23 AM
 #213

As long as I have the feeling that Bitcoin will make it I will not sell any coin. I have faith in the technology and especially in the Bitcoin Blockchain to be a protocol for many future use cases we might think about right now. Right now we're going through hard and tough times. But this will change one day and we will go up again. Follow the news and not only the stagnant price we're seing at the moment.

me too
im trust about blockchain technology, p2p payment
in future more bank will use bitcoin technology to transfer money

that why i never sell my bitcoin Except at high price Cheesy

At least 22 banks have joined a growing initiative to develop blockchain technology for the financial industry - according to Financial Times of September, 29. See for more this article: http://www.ft.com/intl/cms/s/0/72ffd222-66be-11e5-97d0-1456a776a4f5.html#axzz3nOxdkJik
MinerHQ
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October 02, 2015, 09:47:23 AM
 #214

I sold some of my btc today which brought at lesser price during last price drop. I will wait for again price drop to buy
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October 02, 2015, 10:13:00 AM
 #215

I sold some of my btc today which brought at lesser price during last price drop. I will wait for again price drop to buy

Trading in bitcoin is not covered under bitcoin investment. I guess every trader must has his own bitcoin hoardings for a longer run. When I traded gold, I sold for $950 price, but in few months it hit $1100. So, getting a better price is the only motivation for the traders.

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operrajunk74
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October 02, 2015, 11:55:54 AM
 #216

As long as I have the feeling that Bitcoin will make it I will not sell any coin. I have faith in the technology and especially in the Bitcoin Blockchain to be a protocol for many future use cases we might think about right now. Right now we're going through hard and tough times. But this will change one day and we will go up again. Follow the news and not only the stagnant price we're seing at the moment.

But also there is risk involved in holding the bitcoins. It depends! Just like stocks, if you buy at low, and sell at high, you can make money! But the problem is that nobody knows what prices are low and high in case of bitcoins. Now one BitCoin is traded at about $ 240. The price could be $700 in the future, or $0.07 one year from now, nobody can predict this.
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October 02, 2015, 06:28:50 PM
 #217

one thing it's true, if everyone will follow the OP advice, the price can not increase at all, so his statement, based on this, is utterly wrong

the best thing to do if you have a low amount is waiting, leave the big players to play their dirty game

what kind of broken logic is this?

if everyone follows OP advice the price will go through the roof. ever heard of supply & demand?

yes and how? you know that if no one will sell ever, there can not be buyers right? apparently not, so sellers are mandatory and are healthy for the market

and anyway supply and demand mean selling and buying not holding forever...
Mickeyb
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October 02, 2015, 07:33:03 PM
 #218

As long as I have the feeling that Bitcoin will make it I will not sell any coin. I have faith in the technology and especially in the Bitcoin Blockchain to be a protocol for many future use cases we might think about right now. Right now we're going through hard and tough times. But this will change one day and we will go up again. Follow the news and not only the stagnant price we're seing at the moment.

But also there is risk involved in holding the bitcoins. It depends! Just like stocks, if you buy at low, and sell at high, you can make money! But the problem is that nobody knows what prices are low and high in case of bitcoins. Now one BitCoin is traded at about $ 240. The price could be $700 in the future, or $0.07 one year from now, nobody can predict this.

Yes you are exactly right! And I see this as a beauty of Bitcoin. We are a movement, we are a part of something new, of a try to change the things for a better.

If we make it big, if we manage to change how world transacts at least a little bit, then great. We might cherish huge prices in this case and even some personal gains. If this doesn't happen than let it be like that. I am sure we will learn a lot in the process of doing this.

I am truly just enjoying the ride! Smiley
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October 03, 2015, 02:48:11 AM
 #219

Well basically there are 2 scenario here. It will goes up to 10000 which is a valid argument that fiat is in deep trouble, no way would I want to sell my coins for some worthless paper. But then again if it only touches 1000 probably there are a lot of sell orders at this point which there is a high chance that the price might retrace immediately and allows you to buy back at cheaper price. There are a lot of factor for consideration before deciding whether to sell or buy, so it might be inly one option or direction.

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October 03, 2015, 04:47:20 AM
 #220

I sold some of my btc today which brought at lesser price during last price drop. I will wait for again price drop to buy

Trading in bitcoin is not covered under bitcoin investment. I guess every trader must has his own bitcoin hoardings for a longer run. When I traded gold, I sold for $950 price, but in few months it hit $1100. So, getting a better price is the only motivation for the traders.

I sell bitcoins which brought at lower price so I can make some profits and I buy regularly at small quantities.
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