Why You Should Never Sell Your Bitcoins Ever

[Darwintas]

You should never sell your bitcoins for anything right now because its gonna be very profitable in the future so it would be stupid and its also not worth it to sell it right now, you should not do it for a little profit these days.

[Japinat]

You should never sell your bitcoins for anything right now because its gonna be very profitable in the future so it would be stupid and its also not worth it to sell it right now, you should not do it for a little profit these days.

Do we have to listed to you? If you know the future then we will. I guess that decision is base on individual's assessment and I believe we can sell anytime we want provided we have a profit when selling, that is just the most important to sell for a profit and you can do that if you will not panic when distress times comes.

[Gyfts]

You're only covering one side of this, what happens if Bitcoin crashes? There's never a reasonable price to sell at because you simply don't know what the price of Bitcoin is going to be in one year from now. Will it be a fraction of what it is now? Will it be doubled? Use Bitcoin, meaning buying and selling, as you please. Don't expect fiat currency to crash in the near future and for the world to start using Bitcoin.

[mirakal]

You're only covering one side of this, what happens if Bitcoin crashes? There's never a reasonable price to sell at because you simply don't know what the price of Bitcoin is going to be in one year from now. Will it be a fraction of what it is now? Will it be doubled? Use Bitcoin, meaning buying and selling, as you please. Don't expect fiat currency to crash in the near future and for the world to start using Bitcoin.

If it crashes then your money is gone, you cannot save it anymore because you are too greedy waiting for nothing, there's no guarantee bitcoin will be more popular in the future although the trends tells it so, there still a risk and as an investor you must know when to sell your bitcoins.

[groll]

You're only covering one side of this, what happens if Bitcoin crashes? There's never a reasonable price to sell at because you simply don't know what the price of Bitcoin is going to be in one year from now. Will it be a fraction of what it is now? Will it be doubled? Use Bitcoin, meaning buying and selling, as you please. Don't expect fiat currency to crash in the near future and for the world to start using Bitcoin.

If it crashes then your money is gone, you cannot save it anymore because you are too greedy waiting for nothing, there's no guarantee bitcoin will be more popular in the future although the trends tells it so, there still a risk and as an investor you must know when to sell your bitcoins.

Yes i agree.. look on the other side too. Investing on bitcoins is also risky. There is so many what ifs. As of now practically speaking, we should be wise yo save our bitcoins since its price are continously growing. it is really better to hold your bitcoins now and sell it when it reach the highest price. But if you want to sell it, its still really up to you. You can sell your bitcojns anytime but better think now before you sell.

[Rinder]

Even believing into bitcoin storing it for a long period makes no sense, even knowing the huge potencial bitcoin does, has, but store bitcoin for over 10-20 years might be insane, considering you can sell and buy always  taking your profit and increasing it. But i had regret had sold some bitcoins at 250 dolalrs value, but i needed the money.

[wheelz1200]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

[freedomgo]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

What matters is we are seeing that the ecosystem are growing and when it grows we are benefited, we'll sell at the right time but to never sell is fool.

[Dagmon]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

What matters is we are seeing that the ecosystem are growing and when it grows we are benefited, we'll sell at the right time but to never sell is fool.

The market cap of the bitcoin has more than doubled in the last 12 months. It is possible it will increase again.

[Mastsetad]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

The best thing is to sell a part of it when you see a reasonable price so that you don't miss the chance, because the price of bitcoin is unpredictable, we cannot know if it will grow later on or it will drop down, so it is always better to sell some of it and keep some so that we don't miss any of the chances.

[arseaboy]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

The best thing is to sell a part of it when you see a reasonable price so that you don't miss the chance, because the price of bitcoin is unpredictable, we cannot know if it will grow later on or it will drop down, so it is always better to sell some of it and keep some so that we don't miss any of the chances.

I agree with you mate. Sell some of your bitcoins if the price you think is really good enough for you to make a profit. It's like gambling we can't predict the outcome of the price of the bitcoins it's constant for change.

[blackmagician]

They are waiting for the right time to sell thier bitcoins..10 years would the minimum to store it  on a cold wallet and max of 20 years.
Maybe some day 1 btc is equal to  a sportscar.

[dawnasor]

They are waiting for the right time to sell thier bitcoins..10 years would the minimum to store it  on a cold wallet and max of 20 years.
Maybe some day 1 btc is equal to  a sportscar.

Yeah thats good idea in investing and strategy to make someone rich but you must have a patient to get this method work.

[Orielres]

They are waiting for the right time to sell thier bitcoins..10 years would the minimum to store it  on a cold wallet and max of 20 years.
Maybe some day 1 btc is equal to  a sportscar.

Yeah thats good idea in investing and strategy to make someone rich but you must have a patient to get this method work.

In bitcoin investment, what you need is just the patience. If you hold long enough, you will be very rich.

[tabas]

They are waiting for the right time to sell thier bitcoins..10 years would the minimum to store it  on a cold wallet and max of 20 years.
Maybe some day 1 btc is equal to  a sportscar.

Yeah thats good idea in investing and strategy to make someone rich but you must have a patient to get this method work.

In bitcoin investment, what you need is just the patience. If you hold long enough, you will be very rich.

I guess this is already proven by those early adopters of bitcoin and people who pioneering bought a lot of bitcoins. They just believed that this is a good project and have to take in their mind that if they are going to hold it for a long time they will benefit from it. So, they are not wrong for it that they not sold all of them bitcoins, maybe they just for some but still they have remained a lot of it. And that's why most of them are already rich and just enjoying their profit from bitcoin.

[soros017]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

That's how the market works... Even for a technology with very good fundamentals, like Bitcoin, it's difficult to know the future. There are many variables involved, and I believe that in the end everything will depend on the users... the more users using and promoting Bitcoin, the better.

[Maslate]

No one knows this answer....nobody.  maybe it goes up maybe it goes down.  I believe in the fundamentals of btc and am long btc, but i might be wrong.  I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.

That's how the market works... Even for a technology with very good fundamentals, like Bitcoin, it's difficult to know the future. There are many variables involved, and I believe that in the end everything will depend on the users... the more users using and promoting Bitcoin, the better.

That's why we are looking for a massive adoption to affect with bitcoin, when that happen we will not only see the current price now but since it will increase its demand, we can see a better price in the future and we can only benefit if we will start investment now.

[delliaerd]

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?

Sell bitcoin to get paper money is make us suffer a financial loss,  becouse we have to pay fee of exchange. This way is not so smart. But we still have a problem to use bitcoin directly becouse the place that accept bitcoin is not enough. If the site that accept bitcoin is open branchs in every city in the world, it will help much, becouse to sell goods the seller must send the goods to our house. Customer will not like to wait until a few day before the goods arrive at their house.

[xSkylarx]

It is because it's not the right time yet to sell it. In the future bitcoin's price will rise even more. So if we sell it now we would regret it in the future not waiting for its big price like 1000$. (i'm waiting for that price to sell my bitcoin.) So now we should accumulate bitcoin as much as we can now whild it is not late.

[Shenzou]

It is not about never selling your bitcoin it is about waiting that some day you are able to use your bitcoin like real money,but the problem is we are not sure what the future of bitcoin is so holding all of your bitcoin is a bad idea , i would suggest that you spend half of it and keep the other half so if shits goes down you won't regret it