Why You Should Never Sell Your Bitcoins Ever

[Blue_Tiger73]

It really all comes down to personal opinion. With these kinds of things, you can never predict what is going to happen. I spend what I want to, but at the same time I am conservative with my money.

[Blue_Tiger73]

For me I will sell my bitcoin depending on the current situation, if the situation doesnt good for the bitcoin future I will sell them..

I think that that is most people's outlook on Bitcoin, they want to sell at a high price and buy at a low price. I am also only going to sell when the Bitcoin situation gets better.

[Yakamoto]

Well I think that the premise of the thread was if what we would do if Bitcoin did whatever in the current economy. I think there was less thought about the actual implications of it, such as the scenario you're describing.

Aside from that;

For me I will sell my bitcoin depending on the current situation, if the situation doesnt good for the bitcoin future I will sell them..

I think that that is most people's outlook on Bitcoin, they want to sell at a high price and buy at a low price. I am also only going to sell when the Bitcoin situation gets better.

Most of Bitcoin's users at this point are speculators, so of course they want to buy low and sell high. However the actual users of Bitcoin currently are most likely going to not cash out their Bitcoin immediately, and are more likely to use it on some website.

[Amph]

It really all comes down to personal opinion. With these kinds of things, you can never predict what is going to happen. I spend what I want to, but at the same time I am conservative with my money.

you should simply spend bitcoin like they were money, and forget about the p&d, what it matter is the average increase, not the swing that you see every day

from 0 we are at 400, and surely at 300 stable

[eternalgloom]

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.

That's what I did during that bubble back in late 2013, when it hit $1100, I bought some silver and gold and a new Samsung Galaxy S5, it felt pretty good buying a 700 euro phone for 'only' 0.75 BTC.
I certainly hope to see a situation like that again soon

[sishendaoye]

@Amph
In an ideal world we would spend our coins not looking at the pump & dumps going on. But this is bitcoin and yes it's ont an ideal world.

If I bought some bitcoins 2 weeks ago @ 500. I would not spend them for a value of 300 f.e.

[SmartIphone]

There are many reason why people sell their bitcoins
So not always they sell for fun but sometime for emergencies.

[BigBoy89]

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.

That's what I did during that bubble back in late 2013, when it hit $1100, I bought some silver and gold and a new Samsung Galaxy S5, it felt pretty good buying a 700 euro phone for 'only' 0.75 BTC.
I certainly hope to see a situation like that again soon

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.

That's what I did during that bubble back in late 2013, when it hit $1100, I bought some silver and gold and a new Samsung Galaxy S5, it felt pretty good buying a 700 euro phone for 'only' 0.75 BTC.
I certainly hope to see a situation like that again soon

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.

That's what I did during that bubble back in late 2013, when it hit $1100, I bought some silver and gold and a new Samsung Galaxy S5, it felt pretty good buying a 700 euro phone for 'only' 0.75 BTC.
I certainly hope to see a situation like that again soon

What you did was really a smart work even I will do the same rather than converting Bitcoin into paper I will buy products using BTC and btw I am planning to buy more Bitcoin by second quarter of 2016 and assuming that BTC will be at its peak in last quarter of 2016

[Amph]

@Amph
In an ideal world we would spend our coins not looking at the pump & dumps going on. But this is bitcoin and yes it's ont an ideal world.

If I bought some bitcoins 2 weeks ago @ 500. I would not spend them for a value of 300 f.e.

and why? you are here for spending them at a much higher value than 500, because you hope for 1k or more at the end, so see it as you're already losing by not spending at a higher value, compared to 500

[Next BillG]

I do not trade bitcoin. I only buy bitcoin. I do not sell bitcoin. I only use bitcoin when I need to buy goods.

[randy8777]

There are many reason why people sell their bitcoins
So not always they sell for fun but sometime for emergencies.

that's right. some people here think if you sell, you are dumb because you are not waiting for the price to rise more. it's not always like that. people might need the money quickly for whatever reason, and that's what some people here in this forum don't seem to understand.

[flagpara]

I invested 1200$ in btc. Right now i just sold it for 1600$.

Net profit: 400$.
I don't see why it would be a bad deal. You're saying I should hold cause btc might just continue to rise? Well maybe I could have win 4000$ but here I won 400$ it's not a loose.

It's like saying: "why aren't you gambling your 1200$? You might win millions!"

Yeah, I "might". And maybe btc will just go back to 200$ and you'll all regret not having sold it

[XinXan]

It really all comes down to personal opinion. With these kinds of things, you can never predict what is going to happen. I spend what I want to, but at the same time I am conservative with my money.

you should simply spend bitcoin like they were money, and forget about the p&d, what it matter is the average increase, not the swing that you see every day

from 0 we are at 400, and surely at 300 stable

Spending bitcoins like normal money is obviously not a good idea and it just does not work, why do you think major bussines do not use bitcoin? One day you may buy bread with 0.001 bitcoins and the next day 0.01 and the next day 0.10, how is that good?

[flagpara]

It really all comes down to personal opinion. With these kinds of things, you can never predict what is going to happen. I spend what I want to, but at the same time I am conservative with my money.

you should simply spend bitcoin like they were money, and forget about the p&d, what it matter is the average increase, not the swing that you see every day

from 0 we are at 400, and surely at 300 stable

Spending bitcoins like normal money is obviously not a good idea and it just does not work, why do you think major bussines do not use bitcoin? One day you may buy bread with 0.001 bitcoins and the next day 0.01 and the next day 0.10, how is that good?

Exactly, that's stupid to just "hold your btc". And then what? What are you doing to do?
And as long as your not paid in btc, you won't be able to just live with it you'll have to use fiat money. And as long as everybody (or at least the vast majority) is not paid in btc the price will fluctuate too much.

[Amph]

It really all comes down to personal opinion. With these kinds of things, you can never predict what is going to happen. I spend what I want to, but at the same time I am conservative with my money.

you should simply spend bitcoin like they were money, and forget about the p&d, what it matter is the average increase, not the swing that you see every day

from 0 we are at 400, and surely at 300 stable

Spending bitcoins like normal money is obviously not a good idea and it just does not work, why do you think major bussines do not use bitcoin? One day you may buy bread with 0.001 bitcoins and the next day 0.01 and the next day 0.10, how is that good?

and why it should matter? as long as you payed the equivalent in fiat there will be no issue at all

also does not forget that one day will mean better stability also, not great swing like today

[Hashminers]

Well maybe you don't want to sell your bitcoins, but other people now is selling there and they make profit and with that they buy more bitcoins if the price goes down. So I just think what they do is good to do.
Every people is different so you can't just judge.

[bitlancr]

I think most people would exchange because of the fact that they got bills to pay and at this point not nearly enough people/companies accept bitcoins. They got no choice but to sell. I would probably sell as well but it depends on my situation at the time when bitcoin will be worth around $10.000.

[Financial_Genius]

So maybe there is sense now to buy BTC while their cost  just 436.2 USD ?

[bitcoin-hunter]

So maybe there is sense now to buy BTC while their cost  just 436.2 USD ?

Well you should have bought bitcoins when it was 300 dollars, but yeah never thought that it will be this price.
Now is good time to sell and buy some if you don't have that much money.

[randy8777]

So maybe there is sense now to buy BTC while their cost  just 436.2 USD ?

Well you should have bought bitcoins when it was 300 dollars, but yeah never thought that it will be this price.
Now is good time to sell and buy some if you don't have that much money.

of course it is better to buy at lower rates, but you can't always get what you want. buying at current prices is fine as long as you are concentrating on the long term. then you surely know you will make a good profit.