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Author Topic: Why You Should Never Sell Your Bitcoins Ever  (Read 270078 times)
doraemon1
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October 18, 2016, 07:34:03 PM
 #2001

here will be a time that you must sell your Bitcoin. Because if you only wait then you cant get profit and earn money.
But there will be a time that you want sell it by yourself. Time  and the value depends on when you will sell it or buy it.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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October 19, 2016, 05:39:07 AM
 #2002

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

This is true but I think that on a day you have to sell it because otherwise the profit is most likely minimum investing with the bitcoin in something is also doubling your risks if you are asking me.
If you dont sell bitcoin you will not gaining the profit you should sell it the only you invest is patience and increases of the price. but it takes a long time before we can see huge price increase for bitcoin its not the same right now because bitcoin has a big chance to go huge increase if many investors are invested in bitcoin its growing day by day.. and i think many people are always waiting for 700 value that can possible to happen before end of this year..

$700 price is likely to achieve in next couple of months and I am sure many of them will prefer to sell their coins when it hits that price and I think that is the right decision to make.
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October 19, 2016, 08:48:48 AM
 #2003

in present time as the price of bitcoin is expecting to raise high and high therefore it is not a right time to sell bitcoin,  i think we should wait a little and simply hold bitcoin,
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October 19, 2016, 08:52:06 AM
 #2004

in present time as the price of bitcoin is expecting to raise high and high therefore it is not a right time to sell bitcoin,  i think we should wait a little and simply hold bitcoin,

That's the right thing to do as price is expected to go higher at the end of the year so holding till that point is the right decision to make as it will give us higher profits if we sell at that time.
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October 20, 2016, 01:53:49 AM
 #2005

I dontt think that you need to sell your coins right now and not never because the price of the bitcoin is getting better and better so you need
to hold them for now and not for ever.
I think if you think that the higher prices will come of it nothing more than a prediction and is very likely to be wrong? so why do not you take advantage of opportunities as possible when prices are high as it is today, you can use them to sell your bitcoin and wait for prices to fall back
Mark02
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October 20, 2016, 02:11:50 AM
 #2006

I dontt think that you need to sell your coins right now and not never because the price of the bitcoin is getting better and better so you need
to hold them for now and not for ever.
I think if you think that the higher prices will come of it nothing more than a prediction and is very likely to be wrong? so why do not you take advantage of opportunities as possible when prices are high as it is today, you can use them to sell your bitcoin and wait for prices to fall back


Hmf? As what I am seeing right now is that it is good to buy bitcoin now rather than selling because I believe its price will go up in the future. It is also advisable to hold your bitcoins and as much as possible, Do Not Sell It Yet because it will cost you profit lost in case sudden pump occur. Not unless you really need that money then you should sell it. Bitcoin is very in demand nowadays so we should grab this opportunity to earn profit while it is very hot in the market.
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October 20, 2016, 06:05:33 AM
 #2007

Some people say that you should never sell you Bitcoin never because those people think that in the future the price is going to be higher then it has ever been.
They then are going to sell of there Bitcoin that they have saved to make maximum profit.

These people are good in talking nonsense. The majority of the people that say they will not sell their coins before reaching a certain price level, will sell as soon as they see they have made like 25% profit. It's too tempting for them to resist. Only the best holders can manage to hold their coins till it reaches a certain price level. And these holders are a far minority I can tell you.

This is true, because  if people would see the  price of bitcoin rose  to a certain point and they could able to see that  they are making  25% or more on their investment for sure they  would really be tempted to sold  all of those bitcoin because  they would  like  to secure profits. Holding  on  how many years  are quite few for sure.

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October 20, 2016, 07:11:35 AM
 #2008

Some people say that you should never sell you Bitcoin never because those people think that in the future the price is going to be higher then it has ever been.
They then are going to sell of there Bitcoin that they have saved to make maximum profit.

These people are good in talking nonsense. The majority of the people that say they will not sell their coins before reaching a certain price level, will sell as soon as they see they have made like 25% profit. It's too tempting for them to resist. Only the best holders can manage to hold their coins till it reaches a certain price level. And these holders are a far minority I can tell you.

This is true, because  if people would see the  price of bitcoin rose  to a certain point and they could able to see that  they are making  25% or more on their investment for sure they  would really be tempted to sold  all of those bitcoin because  they would  like  to secure profits. Holding  on  how many years  are quite few for sure.
I think 25% increase of your investment is not just the target of majority here, we want even bigger than that and not just double our investment but even triple if possible, as long as we have a good plan and we should stick with it to have the right timing to sell and make profit.

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Bitcoinbro
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October 20, 2016, 07:45:12 AM
 #2009

Cause when the right time comes and bitcoin is already  at 2k per btc you will not blame yourself for selling all your btc today at its current price.

Nice thinking!!! Most of us should think like that, instead of wasting our coins, why not just use our fiat to pay someone and make bitcoin as back up money or just an option...After all, we all have that high expectation on bitcoin,so while we can, never waste our coins and just keep collecting..
They say that you should never ever sell your bitcoin because they think that in the future the price is going to be trough the roof.
They will all hold on to there coins but if people are not going to sell then the price will also not move up.
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October 20, 2016, 07:58:30 AM
 #2010

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
yeah I think there are some considerations before you have to hold your bitcoin longer, certainly one of them is that you still have enough money left to pay the cost of your need in real life, then you can hold your bitcoin longer
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October 20, 2016, 08:24:34 AM
 #2011

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
yeah I think there are some considerations before you have to hold your bitcoin longer, certainly one of them is that you still have enough money left to pay the cost of your need in real life, then you can hold your bitcoin longer
That is already given because the real principle in investing would tell you that you should invest what you can afford to lose, your daily expenses should be properly taken cared of and we should not put all our money in bitcoins if we do not want to regret when something bad happens.
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October 20, 2016, 08:29:20 AM
 #2012

Actually i think in some ocassions like financial trouble we have to sell our some bitcoin holdings because it is the form of saving many people have these days like me. I like to hold my money in bitcoin rather than trusting any centralized banks.
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October 20, 2016, 12:52:29 PM
 #2013

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

That's right, i have also same thinking, actually i have done, i hold my few bitcoins for a long time of period, and i have no mind to use them, even bitcoin might be reached on the top, but i want to prefer to safe them, may be after 10 years ago, i will sell them but it depend on price, Because main reason for safe the bitcoin its price. Many time whenever bitcoin price is increased, than i thought to sell them, but still one years ago, i hold them,     

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October 20, 2016, 12:55:41 PM
 #2014

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

That's right, i have also same thinking, actually i have done, i hold my few bitcoins for a long time of period, and i have no mind to use them, even bitcoin might be reached on the top, but i want to prefer to safe them, may be after 10 years ago, i will sell them but it depend on price, Because main reason for safe the bitcoin its price. Many time whenever bitcoin price is increased, than i thought to sell them, but still one years ago, i hold them,     

I think holding them for next 10 years can be risky as no one knows what price it will hold at that particular point so its good to sell them when you are making descent profits from it and buy it again when you see downfall in price.
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October 21, 2016, 09:14:59 AM
 #2015

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

That's right, i have also same thinking, actually i have done, i hold my few bitcoins for a long time of period, and i have no mind to use them, even bitcoin might be reached on the top, but i want to prefer to safe them, may be after 10 years ago, i will sell them but it depend on price, Because main reason for safe the bitcoin its price. Many time whenever bitcoin price is increased, than i thought to sell them, but still one years ago, i hold them,     

I think holding them for next 10 years can be risky as no one knows what price it will hold at that particular point so its good to sell them when you are making descent profits from it and buy it again when you see downfall in price.

Holding is not risky, if we get information everyday about bitcoins, than no problem to hold the bitcoin for a long time, Because i feel if we save our bitcoins and not use in anywhere and only wait when price increase than sell them, So it is good and easy way to use the bitcoin and make profit,  this way holding is better instead of gambling or trading, it is less risk than gambling and trading.
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October 21, 2016, 09:22:37 AM
 #2016

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

That's right, i have also same thinking, actually i have done, i hold my few bitcoins for a long time of period, and i have no mind to use them, even bitcoin might be reached on the top, but i want to prefer to safe them, may be after 10 years ago, i will sell them but it depend on price, Because main reason for safe the bitcoin its price. Many time whenever bitcoin price is increased, than i thought to sell them, but still one years ago, i hold them,     

I think holding them for next 10 years can be risky as no one knows what price it will hold at that particular point so its good to sell them when you are making descent profits from it and buy it again when you see downfall in price.

Holding is not risky, if we get information everyday about bitcoins, than no problem to hold the bitcoin for a long time, Because i feel if we save our bitcoins and not use in anywhere and only wait when price increase than sell them, So it is good and easy way to use the bitcoin and make profit,  this way holding is better instead of gambling or trading, it is less risk than gambling and trading.

If everyone will start thinking like you to never spend their coins then we will never see higher price of bitcoin in future and you should understand the fact that price will go only higher if people will spend it and use it like a normal currency.
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October 21, 2016, 12:21:19 PM
 #2017

If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin

That's right, i have also same thinking, actually i have done, i hold my few bitcoins for a long time of period, and i have no mind to use them, even bitcoin might be reached on the top, but i want to prefer to safe them, may be after 10 years ago, i will sell them but it depend on price, Because main reason for safe the bitcoin its price. Many time whenever bitcoin price is increased, than i thought to sell them, but still one years ago, i hold them,     

I think holding them for next 10 years can be risky as no one knows what price it will hold at that particular point so its good to sell them when you are making descent profits from it and buy it again when you see downfall in price.

Holding is not risky, if we get information everyday about bitcoins, than no problem to hold the bitcoin for a long time, Because i feel if we save our bitcoins and not use in anywhere and only wait when price increase than sell them, So it is good and easy way to use the bitcoin and make profit,  this way holding is better instead of gambling or trading, it is less risk than gambling and trading.

If everyone will start thinking like you to never spend their coins then we will never see higher price of bitcoin in future and you should understand the fact that price will go only higher if people will spend it and use it like a normal currency.

Yeah i agree if all of ua would just hold in steadily to our btc's pretty much there's not gonna be any movement thus the currency would have a hard time progressing.

 
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October 21, 2016, 03:21:58 PM
 #2018



Yeah i agree if all of ua would just hold in steadily to our btc's pretty much there's not gonna be any movement thus the currency would have a hard time progressing.

Actually I can't picture out the sense of not selling it. Well if in the case, althought the odds are low, that all people will hold their coins, the bitcoin price will thoroughly increase since people will force to buy coins even at the higher price but of course they will not sell it.

So literally speaking, their actions are non sense. They hold to sell and not to hold it forever.
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October 21, 2016, 03:27:06 PM
 #2019



Yeah i agree if all of ua would just hold in steadily to our btc's pretty much there's not gonna be any movement thus the currency would have a hard time progressing.

Actually I can't picture out the sense of not selling it. Well if in the case, althought the odds are low, that all people will hold their coins, the bitcoin price will thoroughly increase since people will force to buy coins even at the higher price but of course they will not sell it.

So literally speaking, their actions are non sense. They hold to sell and not to hold it forever.

Once upon a time you of course have to sell your bitcoins but right now its better to just hold on the bitcoin and wait on a better time because there will be a better time for sure without any doubts.
We just need a bit of patient and than sell it for a good price.
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October 21, 2016, 05:02:51 PM
 #2020



Yeah i agree if all of ua would just hold in steadily to our btc's pretty much there's not gonna be any movement thus the currency would have a hard time progressing.

Actually I can't picture out the sense of not selling it. Well if in the case, althought the odds are low, that all people will hold their coins, the bitcoin price will thoroughly increase since people will force to buy coins even at the higher price but of course they will not sell it.

So literally speaking, their actions are non sense. They hold to sell and not to hold it forever.

Once upon a time you of course have to sell your bitcoins but right now its better to just hold on the bitcoin and wait on a better time because there will be a better time for sure without any doubts.
We just need a bit of patient and than sell it for a good price.

Frankly speaking only few people doing that. Big hoarders are all traders and no way they will hold bitcoin for a long time since they trade to earn profit.

Also people has different view with that "good price" that's why bitcoin price has a big price volatility.
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