Why You Should Never Sell Your Bitcoins Ever

[richardsNY]

You should not sell bitcoins on this moment, if you wan to sell them so bad you should wait a couple months and see what the halving is gonna do.
If the halving is good you will make a lot of profit if this is not the point you will most likely makr normal profit.
So what I could consider is waiting a couple months.

Wait a couple of months to see what the halving will do? I am sure you are mixing up a few things as the block halving has already been completed in Juli this year. Next block halving will take place in 2020... Other than that, right now is a perfect moment to secure profits assuming you bought your coins well below the current price. Waiting for the price to go up more is not a wise thing as the price can't just keep going up endlessly.

[skyway1]

You should never sell any bitcoin because there is a good chance that on a certain point the bitcoin gets a lot bigger in users but also in the price.
So holding them is now the best thing in my eyes, we should just have some patience, because soon or later it gonna happen for sure.

[BeGoods]

You should never sell any bitcoin because there is a good chance that on a certain point the bitcoin gets a lot bigger in users but also in the price.
So holding them is now the best thing in my eyes, we should just have some patience, because soon or later it gonna happen for sure.

I really think we have to be patient because you can see the prices continue to rise day by day towards the 2017's. I think the price will go to $ 1,000 in a few days. so I think it's better to hold more and be patient, to a greater advantage

[Positid]

You should never sell any bitcoin because there is a good chance that on a certain point the bitcoin gets a lot bigger in users but also in the price.
So holding them is now the best thing in my eyes, we should just have some patience, because soon or later it gonna happen for sure.

I really think we have to be patient because you can see the prices continue to rise day by day towards the 2017's. I think the price will go to $ 1,000 in a few days. so I think it's better to hold more and be patient, to a greater advantage

I'll be very glad to see the price to rise up to $1,000 by the end of the year, I can then say that we end this year with a bang. Whose with me with this hope?

[raja2sumi]

No i dont think that bitcoin will not be that much useful in india .as bitcoins coming to india s a long way to go and even if it comes ,if people start to adopt it they will be questioning and many people will not understand also no matter the transaction fees be less.

[mirakal]

No i dont think that bitcoin will not be that much useful in india .as bitcoins coming to india s a long way to go and even if it comes ,if people start to adopt it they will be questioning and many people will not understand also no matter the transaction fees be less.

The thing is bitcoin is an international currency and investment as well, it is not only useful in one country as it could be useful to all country who likes to adopt, we do not involve the government here as bitcoin is not regulated and we can use it anytime and anywhere we want as long as we have the internet connection online.

When fiat slowly loses it's value, it's always a wise decision to invest into bitcoin, its risky but if you can manage it you will be able to fight inflation.

[bitkilo]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

[Orielres]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

[Betwrong]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I agree. Although I'm trying to sell as little as possible I just can't keep it totally untouched. In times like these I think to myself: "What a loser! You could have bought 3 times more things now with those BTC you spent in 2015!" But then again, what could I do if I was in need of fiat and that's why I sold some BTC? I'd paraphrase the OP this way: "You Should Never Sell ALL Your Bitcoins Ever". That sounds more realistic to me.

[CyberKuro]

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?

Definitely agree, why sell all of your bitcoin if the end of the day/week/month you will buy it at higher price?
I will sell mine if I don't have any option left to get fiat money, but as long as I could cover my expenses without sell any, why not to keep it save in my wallet.
We're waiting for more merchants and online platform to accept bitcoin payment, so we can spending directly without convert it into fiat. If in your city there is no any shops accepted bitcoin, then you should start the first one and people will ask then recognize bitcoin.

[lionheart78]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.

[Doamader]

Last year i had been forced to sell my bitcoins to cover some bills, besides those emergency situation i dont expect to keep spending my bitcoins this year, in fact my goal is to save bitcoins along the year from all of mine investements, this is the year to start saving and stop investing.

[Zadicar]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.

I can relate on your situation on there pal since we live on the same country i suppose on which our local wallet provider does really give those service on its users.We dont really have any option since its the only way to use our bitcoin and also the way to encash or exchange it on our local fiat currency.

[cpfreeplz]

Last year i had been forced to sell my bitcoins to cover some bills, besides those emergency situation i dont expect to keep spending my bitcoins this year, in fact my goal is to save bitcoins along the year from all of mine investements, this is the year to start saving and stop investing.

Saving bitcoins and investing in bitcoins are the same thing. If you mean investments that accept bitcoin then you are investing is sketchy ponzis and HYIPs lol. I'd stay away from those!

[Bitcoinsummoner]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.

I can relate on your situation on there pal since we live on the same country i suppose on which our local wallet provider does really give those service on its users.We dont really have any option since its the only way to use our bitcoin and also the way to encash or exchange it on our local fiat currency.

I think we are all in the same country which is we can also pay for our monthly bills but not only that thing we can also buy and shopping online they are adding new features like buying domains buying in purse.. you can shop accessories in newegg. that honestly it can help for those other bitcoin user to spend their bitcoin.. i am waiting to get their debit card or physical debit since they are already release a vcc virtual credit card visa they can use it to connect in paypal to shop in other website..  so we can use bitcoin right now and connect with paypal if you can not buy with bitcoin you can depositing your vcc and connect to paypal and shop what you want in online..

[wuvdoll]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

The thing is that people get greedy, they see bitcoin’s price going up and they think that it will stay like that forever which is not true, at some point the price will go down, and when it does a lot of people are going to miss their chance to sell it, the thing is that you have to have an objective, when at some point, you are going to sell.

[ironm@n]

Bitcoins are a great store of value but that doesn't mean that you should never sell, look what happened to the people that used to say "house prices will never go down" they lost the lot.

Just use bitcoins as an everyday currency, buy a few things online, a debit card for in store purchases and save the rest just as you would with normal fiat cash. This really only works best if you are currently receiving your pay check in bitcoins to start with but if not there are a few good companies that will handle the trade for you each week/fortnight.

I have never sold any bitcoin to get fiat. I just use it to buy things.

The problem is, in some country there are only few stores that accept bitcoin directly.  So the next option will be exchanging bitcoin to fiat to spend it for regular needs.   One example is here, in my country there is a service that let us pay for our bills, load credit to our mobile phones, they accept bitcoin but the rate is less than 3.5% of the actual buy price of bitcoin so we have no choice but to accept it to let us use our Bitcoin to our daily needs.

This is reality at the moment. But there are good reasons why things are still at this stage. Bitcoin needs first to achieve more stability in the market, so both customers and merchants will have more confidence using it. Another aspect is that some things need to be improved on the network, such as the scaling issue.

[mrbigmugs]

You should not sell bitcoins on this moment, if you wan to sell them so bad you should wait a couple months and see what the halving is gonna do.
If the halving is good you will make a lot of profit if this is not the point you will most likely makr normal profit.
So what I could consider is waiting a couple months.

yes i am also no welling to sell bitcoin currently, because to me i think the price of bitcoin can go some more high therefore the best decision will be hold it and not to sell it right now.

[Natalim]

You should not sell bitcoins on this moment, if you wan to sell them so bad you should wait a couple months and see what the halving is gonna do.
If the halving is good you will make a lot of profit if this is not the point you will most likely makr normal profit.
So what I could consider is waiting a couple months.

yes i am also no welling to sell bitcoin currently, because to me i think the price of bitcoin can go some more high therefore the best decision will be hold it and not to sell it right now.

IT could go high, wait for the right timing. The price is still rising and it's a positive sign that you can earn more profit if you hold longer. My advise to you is if possible you can buy more and hold still, just do it now. I would not be surprise if by the end of this month we will surpass the all time high.

Those who believe shall be rewarded, that's the game here, stay focus and keep your faith with bitcoin.

[mogrith]

If you truly never sell it. what is the difference between buying BTC and and burning the fiat in a fire?