Why You Should Never Sell Your Bitcoins Ever

[Next BillG]

I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

now the price of bitcoin is going up, before bitcoin price is $430 now price reach up to $460, I would still be waiting for the price to $ 500

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

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[bhokor]

I actually want to use my Bitcoin. I am going to sell after halving. I am going to be rich.

now the price of bitcoin is going up, before bitcoin price is $430 now price reach up to $460, I would still be waiting for the price to $ 500

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

I think is quite clear in long term price of bitcoin will go up, meanwhile we are going to see some volatility in price, i think the only two things can kill the bitcoin actually are a fala undiscovered flaw in his design or a legislative change making terrorist to Bitcoin owners, i hope no one of two never happens

[mouneshwar123]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

[btcprospecter]

In my opinion I am all for holding onto some of my bitcoin for the future as I do feel it is a investment however I would like the freedom of being able to spend it as easy as fiat on every day items

[Amph]

The main reason for me not to sell bitcoin is my belief that the price will go up in the future. I will also buy more.

So then, you will sell. I'm curious why someone would never sell.

because he want to use bitcoin directly in the future without dumping even a coin, this will also help the market

and probably for anonimy also

[expert4knowledge]

We can sell our bitcoin, for example if you look at the price chart you see there were periods in which it was good to sell bitcoin and but when the price is low.

[Betwrong]

I don't think it's a bad thing when people cashout, they could be doing this for several reasons. For one, they probably made enough profits to cashout and are able to buy back soon and enjoy those profits. This is how the bitcoin market moves though, with pumps and dumps. If every bitcoin user would be holding, the market would stand still.

holding is easier said than done. a lot people here can't hold their coins unmoved in their wallet for even 2 months. they get bored or can't stand seeing the price go up or down. if they see the price go down a lot, they will sell to reduce further losses. and if the price goes up 5-10%, then they can't deal with the fact that they made profit, and thus they sell to secure a small profit.

Fair enough, but on the other hand why give in to panic and start selling your coins when the price goes down a lot? If you have some trust in Bitcoin you know that after a lot of down will be a lot of up, so you should just wait a bit. Never panic guys, there are no objective reasons for the price of Bitcoin to go down a lot.

[yohanip]

You can hedge your bitcoins through option.. but then again, what's the point of hedging it if not speculating for it? we are still talking about bitcoins right?

[chennan]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Honestly, you do have a good point... If people just hold Bitcoins, those people aren't really treating Bitcoins as a currency... rather than they are treating Bitcoins as an asset like gold and lock it up in some vault (or in this case cold storage). 

I think we are OK right now though.  Businesses like Overstock.com and others are starting to accept Bitcoin which will help with this problem so now we can spend bitcoins for actual goods.  Once the price of Bitcoin goes up drastically, however, I think you'll see a halt in the economy because that's the time everyone wants to hold until it reaches a tipping point to get as much purchasing power out of their coins.

[Dagmon]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

[expert4knowledge]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Thanks a lot for your point, I think if bitcoin community pay more attention to this point, the price will increase much more.

[CryptoBjorn]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

Thanks a lot for your point, I think if bitcoin community pay more attention to this point, the price will increase much more.

This is some clear thinking. We as a community must understand we can really help the bitcoin price by holding and working together.
Let's hope this happends in this year.

[randy8777]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

most people have a so called spending wallet that they use for receiving and sending transactions. beside that wallet, they also have one for storing their coins for the long term. a cold wallet. nothing wrong with leaving the coins sleeping in their wallets.

[actmyname]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

[a7mos]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

There is no problem with holding bitcoin in a wallet for ages. And this will not affect the market badly as you think. Because there is always buyers and seller.
If more people hold their coins the price will rise because the supply will decline.
But it will not go to 0 as you said because there is always traders

[nerFohanzo]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

There is no problem with holding bitcoin in a wallet for ages. And this will not affect the market badly as you think. Because there is always buyers and seller.
If more people hold their coins the price will rise because the supply will decline.
But it will not go to 0 as you said because there is always traders

Yeah, and if you are a astrologer and can determine the future of bitcoins then you can surely hold it without spending a penny out of it, but that's useless, don't think too much about the future as we don't know where bitcoin will land up, so it is better to keep on selling a part of it when the price is high and re buy when price falls down.This is the best way to deal with bitcoins.

[coinyard]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

There is no problem with holding bitcoin in a wallet for ages. And this will not affect the market badly as you think. Because there is always buyers and seller.
If more people hold their coins the price will rise because the supply will decline.
But it will not go to 0 as you said because there is always traders

There is a dilemma. The value of the bitcoin comes from transactions. But we want others to do the transactions.

[expert4knowledge]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

There is no problem with holding bitcoin in a wallet for ages. And this will not affect the market badly as you think. Because there is always buyers and seller.
If more people hold their coins the price will rise because the supply will decline.
But it will not go to 0 as you said because there is always traders

There is a dilemma. The value of the bitcoin comes from transactions. But we want others to do the transactions.

How is that if we do small transactions and this way we have our money and move the chains of transactions.

[coinyard]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

Maybe we first hold most bitcoin and trade with small amount of coins. When the market can absorb more coins, we will hold less and release more coins to the circulation.

[richardsNY]

Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

Maybe we first hold most bitcoin and trade with small amount of coins. When the market can absorb more coins, we will hold less and release more coins to the circulation.

The market has no problems with the actual amount of coins in circulation right now. People are hoarding as many coins as they can to be ready for the block halving. As soon as we reach a price of at least $900, we will see a lot coins that have been sleeping in their wallets for a long time, come to life. That's when we will know how the market reacts when a huge number of extra coins come into the market.