Why You Should Never Sell Your Bitcoins Ever

[Sugarape]

So basically you are saving if Bitcoin reaches 10,000 dollars it would be a bad idea to sell.  I disagree with that.  I am not saying sell every coin you have but it would be worth it to sell some of the coins.  What if Bitcoin stays at $240 dollars for the rest of time, and you have 10,000BTC.  It might not be a bad idea to sell some of those coins and make some actual fiat cash as well.  What if Bitcoin crashes, then the best time to sell them would be now.  There are plenty of times you should sell.

This reasoning may have value if you have big quantity of bitcoins. If you have few (for example 10 or 20 bitcoins) this kind of behavior is not possible. If i sell some of those with the actual price they don't give me to much. On  the other hand I "lose" my bitcoins which I think could have much higher price in the future. I write "think" because are qualities of it which make me to hope that bitcoin might have a much higher price in the future).

Why do you need big quantities? If you have 10-20 selling one or two inst a big deal. I wouldn't mind selling a couple if it skyrocketed but it depends how much by but I would still rather keep most of them.

[Ceizer54]

I want to say this to the OP,if you agree that if bitcoin reaches $10,000 and it's a big "if" then you expect many online stores like amazon would be accepting bitcoins and you would just buy things with bitcoins instead of selling for fiat,my question to you is what will be the issue if you just sell it at 10k? Fiat may give you more options then bitcoin in future too as we can never make everyone use bitcoin especially the uneducated people..right?

[thejaytiesto]

So basically you are saving if Bitcoin reaches 10,000 dollars it would be a bad idea to sell.  I disagree with that.  I am not saying sell every coin you have but it would be worth it to sell some of the coins.  What if Bitcoin stays at $240 dollars for the rest of time, and you have 10,000BTC.  It might not be a bad idea to sell some of those coins and make some actual fiat cash as well.  What if Bitcoin crashes, then the best time to sell them would be now.  There are plenty of times you should sell.

Well, if it hits 10.000 dollars, it could either correct, or continue growing. So it's all pointless. Selling is always a gamble. The dollar may be weak by the time we hit 10.000, and you may be selling for a weakened currency just in hopes BTC will correct only because of the magic 10k number which in theory asks for a correction.

[BTChaintrader]

If it's hit 10 000$ in a scenario where there is a hyperinflation, then there would be no point of selling it. But if there is some big bitcoin news and everybody just jumps into bitcoin then it would be smart to sell at some point, wait for the bubble to burst and then buy again.

[Proxiebuier]

If it's hit 10 000$ in a scenario where there is a hyperinflation, then there would be no point of selling it. But if there is some big bitcoin news and everybody just jumps into bitcoin then it would be smart to sell at some point, wait for the bubble to burst and then buy again.

i will choose sell all of my bitcoin and buy back at bottom line
10.000$/bitcoin is not reasonable, but..... im sure nothing imposible

[StevenLiang]

So basically you are saving if Bitcoin reaches 10,000 dollars it would be a bad idea to sell.  I disagree with that.  I am not saying sell every coin you have but it would be worth it to sell some of the coins.  What if Bitcoin stays at $240 dollars for the rest of time, and you have 10,000BTC.  It might not be a bad idea to sell some of those coins and make some actual fiat cash as well.  What if Bitcoin crashes, then the best time to sell them would be now.  There are plenty of times you should sell.

This reasoning may have value if you have big quantity of bitcoins. If you have few (for example 10 or 20 bitcoins) this kind of behavior is not possible. If i sell some of those with the actual price they don't give me to much. On  the other hand I "lose" my bitcoins which I think could have much higher price in the future. I write "think" because are qualities of it which make me to hope that bitcoin might have a much higher price in the future).

I think it still works in small amounts.  If I have 5 Bitcoins and the value reaches 10,000 dollars, I sell 2 of them for 20,000 dollars.  I still have 3 in the bank technically.  I don't think that is the worst thing in the world you could do, also could try investing those to make more or something like that.

If in example i have 5 BTC on my wallet, and surprisingly BTC price goes up to $10,000.

I would do a same things like leex1528,
i just sell some % of my BTC to trade it in another place like real estate or other to TopUp my insurance policy.

All people including me, will not think to always buy BTC without trade them back to another "valuable opportunity" in future.

[Djisamsoe]

just imagine,someday bitcoin will have $1000 price! 

[Quinn]

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 would not sell my bitcoins because I will be buying with my bitcoins.  I will not also hold on to them but rather I would use them.

[n2004al]

So basically you are saving if Bitcoin reaches 10,000 dollars it would be a bad idea to sell.  I disagree with that.  I am not saying sell every coin you have but it would be worth it to sell some of the coins.  What if Bitcoin stays at $240 dollars for the rest of time, and you have 10,000BTC.  It might not be a bad idea to sell some of those coins and make some actual fiat cash as well.  What if Bitcoin crashes, then the best time to sell them would be now.  There are plenty of times you should sell.

This reasoning may have value if you have big quantity of bitcoins. If you have few (for example 10 or 20 bitcoins) this kind of behavior is not possible. If i sell some of those with the actual price they don't give me to much. On  the other hand I "lose" my bitcoins which I think could have much higher price in the future. I write "think" because are qualities of it which make me to hope that bitcoin might have a much higher price in the future).

I think it still works in small amounts.  If I have 5 Bitcoins and the value reaches 10,000 dollars, I sell 2 of them for 20,000 dollars.  I still have 3 in the bank technically.  I don't think that is the worst thing in the world you could do, also could try investing those to make more or something like that.

You did not understood what I had written. Your reasoning it is my an example of a part of my advice. To wait the high price and then to sell. While him wanted to sell some in these days when the price is about 240-250 us dollar one bitcoin and to save some others for the days to come when the price is waited to be much higher. Your example show what it will happen if the previous author of the post will follow my advice. So to wait and to sell when the price will go high (as you have shown).

Then I tell that his choice make sense to be applied if he had big quantities of bitcoins. In this case he can sell some of his bitcoins and this don't "hurt" to much him because he have to many others which can be sold when the price will go high. But even because the amount of money that he will have from the bitcoins which can be sold will be relevant because the bitcoins sold there were be not few. He have to many bitcoins and will sell part of those which are not few (he have a big quantity of those and "few" from those are not few indeed).

But if its quantity of bitcoins is low doesn't make sense to do this because he can sell only few of those (in this case the meaning the few is real; because he has indeed few bitcoins in total) and will not have to many money from those (are few bitcoins). While if don't sell those but save all his few bitcoins in its wallet one day will have from those much more.

All the suppositions are made with the idea that one day the price of bitcoin will go very high. Event this that it is not sure.

[Amph]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

[TastyChillySauce00]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

yeah it already happened , but im not sure it'll happen for twice time , probably because there's lot of bitcoin has been mined

[Mickeyb]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

Yes, 10k is my target as well. I don't understand people who would satisfy only with $1,000 again. I mean, of course that $1,000 is better than current $250, but I think that Bitcoin's potential is much much higher then only $1,000.

I hope that I am thinking sane here though!

[n2004al]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

Yes, 10k is my target as well. I don't understand people who would satisfy only with $1,000 again. I mean, of course that $1,000 is better than current $250, but I think that Bitcoin's potential is much much higher then only $1,000.

I hope that I am thinking sane here though!

You have at least one friend who think like and hope like you. And even more. The price 10k is the target for me too. But a minimum target. Hoping always for more. The problem is only to resist if the price arrive 10K. It will be true? I will be able to resist if that price will arrive? To tell the truth I don't know. My hopes and reasoning make me to believe in one price higher than that but 10K is a dangerous one. I probably will sell... Or not... Who knows...

[StevenLiang]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

Yes, 10k is my target as well. I don't understand people who would satisfy only with $1,000 again. I mean, of course that $1,000 is better than current $250, but I think that Bitcoin's potential is much much higher then only $1,000.

I hope that I am thinking sane here though!

You have at least one friend who think like and hope like you. And even more. The price 10k is the target for me too. But a minimum target. Hoping always for more. The problem is only to resist if the price arrive 10K. It will be true? I will be able to resist if that price will arrive? To tell the truth I don't know. My hopes and reasoning make me to believe in one price higher than that but 10K is a dangerous one. I probably will sell... Or not... Who knows...

It's quite impossible to see BTC price in 10k level.
But everybody expect the best for BTC. It reached $1,200 on Jan 2014.
Who know it will reached @1,200 back someday.

(A lot countries accept BTC as their online market payment) we live in online era btw.

[Hugroll]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

Yes, 10k is my target as well. I don't understand people who would satisfy only with $1,000 again. I mean, of course that $1,000 is better than current $250, but I think that Bitcoin's potential is much much higher then only $1,000.

I hope that I am thinking sane here though!

You have at least one friend who think like and hope like you. And even more. The price 10k is the target for me too. But a minimum target. Hoping always for more. The problem is only to resist if the price arrive 10K. It will be true? I will be able to resist if that price will arrive? To tell the truth I don't know. My hopes and reasoning make me to believe in one price higher than that but 10K is a dangerous one. I probably will sell... Or not... Who knows...

It's quite impossible to see BTC price in 10k level.
But everybody expect the best for BTC. It reached $1,200 on Jan 2014.
Who know it will reached @1,200 back someday.

(A lot countries accept BTC as their online market payment) we live in online era btw.

i believe that if alot of merchants start accepting bitcoin it will raise awareness to the consumers and the demand would increase making the price increase aswell. countries promoting bitcoin would have the same effect.

[Amph]

just imagine,someday bitcoin will have $1000 price!  

this isn't something to be exciting about, because it has alreayd happened, not only that but it was 1200+ the peak

i won't be satisfied until we hits a real new ath like 10k

Yes, 10k is my target as well. I don't understand people who would satisfy only with $1,000 again. I mean, of course that $1,000 is better than current $250, but I think that Bitcoin's potential is much much higher then only $1,000.

I hope that I am thinking sane here though!

You have at least one friend who think like and hope like you. And even more. The price 10k is the target for me too. But a minimum target. Hoping always for more. The problem is only to resist if the price arrive 10K. It will be true? I will be able to resist if that price will arrive? To tell the truth I don't know. My hopes and reasoning make me to believe in one price higher than that but 10K is a dangerous one. I probably will sell... Or not... Who knows...

It's quite impossible to see BTC price in 10k level.
But everybody expect the best for BTC. It reached $1,200 on Jan 2014.
Who know it will reached @1,200 back someday.

(A lot countries accept BTC as their online market payment) we live in online era btw.

i believe that if alot of merchants start accepting bitcoin it will raise awareness to the consumers and the demand would increase making the price increase aswell. countries promoting bitcoin would have the same effect.

merchants also followe the people, if there is no enough demand, there will not be enough merchants, it's a circle, that someone must start before it can skyrocket

i believe that you need rich people at first that trow some money in it, to feed everyone else

[michietn94]

well i kind of disagree although i think bitcoin is a good investing thing but not all things can be bought through bitcoin until this point

also in my country doesnt accept bitcoin as payment yet, and there are no store with bitcoin atm machine nor accepting bitcoin

so exchange into fiat currency will be answer to buy things in here

[shane]

now im holding only small btc and i will sell my bitcoin if bitcoin reach $1000 it's my long goal
but we must know some fact (in my opinion) : volume of trading bitcoin can make people interested in bitcoin , in https://www.tradingview.com/ chat about bitcoin is more popular than other currencies

[lixer]

now im holding only small btc and i will sell my bitcoin if bitcoin reach $1000 it's my long goal
but we must know some fact (in my opinion) : volume of trading bitcoin can make people interested in bitcoin , in https://www.tradingview.com/ chat about bitcoin is more popular than other currencies

Is $1000 a long term goal? 
As per the OP, you never will be needed to sell your bitcoins. Instead of selling, you will find many spending offers for your bitcoins like one satoshis equivalent to one dollar.
Do not ask me when it will happen.
It's in our hand. It will happen in very near future if you will not sell your coins, it will happen in 2016 itself also.

[Supercrypt]

now im holding only small btc and i will sell my bitcoin if bitcoin reach $1000 it's my long goal
but we must know some fact (in my opinion) : volume of trading bitcoin can make people interested in bitcoin , in https://www.tradingview.com/ chat about bitcoin is more popular than other currencies

Is $1000 a long term goal? 
As per the OP, you never will be needed to sell your bitcoins. Instead of selling, you will find many spending offers for your bitcoins like one satoshis equivalent to one dollar.
Do not ask me when it will happen.
It's in our hand. It will happen in very near future if you will not sell your coins, it will happen in 2016 itself also.

Very nice thoughts.
If you want better price for your bitcoins, then just save it. If we never attempt to sell our bitcoins it means we are helping bitcoin community to get vale appreciations of bitcoins. But 2016 is too irony for one dollar per one satoshi.